BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
25.53 CAD
+0.3 (+1.19%)
BLX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 32 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of BLX while its profitability can be described as average. While showing a medium growth rate, BLX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
BLX had positive earnings in the past year.
BLX had a positive operating cash flow in the past year.
Each year in the past 5 years BLX has been profitable.
In the past 5 years BLX always reported a positive cash flow from operatings.
1.2 Ratios
BLX has a better Return On Assets (-0.30%) than 65.63% of its industry peers.
Looking at the Return On Equity, with a value of -1.51%, BLX is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
BLX has a worse Return On Invested Capital (1.83%) than 65.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BLX is in line with the industry average of 2.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -1.51% | ||
| ROIC | 1.83% |
ROA(3y)0.71%
ROA(5y)0.69%
ROE(3y)2.94%
ROE(5y)3.22%
ROIC(3y)2.63%
ROIC(5y)2.59%
1.3 Margins
In the last couple of years the Profit Margin of BLX has grown nicely.
With a decent Operating Margin value of 22.10%, BLX is doing good in the industry, outperforming 68.75% of the companies in the same industry.
In the last couple of years the Operating Margin of BLX has remained more or less at the same level.
The Gross Margin of BLX (75.60%) is better than 65.63% of its industry peers.
In the last couple of years the Gross Margin of BLX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.1% | ||
| PM (TTM) | N/A | ||
| GM | 75.6% |
OM growth 3Y0.2%
OM growth 5Y1.4%
PM growth 3Y19.71%
PM growth 5YN/A
GM growth 3Y-0.46%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
BLX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BLX remains at a similar level compared to 1 year ago.
BLX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BLX is higher compared to a year ago.
2.2 Solvency
BLX has an Altman-Z score of 0.48. This is a bad value and indicates that BLX is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.48, BLX is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
A Debt/Equity ratio of 2.86 is on the high side and indicates that BLX has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.86, BLX is in line with its industry, outperforming 43.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.48 |
ROIC/WACC0.36
WACC5.1%
2.3 Liquidity
BLX has a Current Ratio of 1.26. This is a normal value and indicates that BLX is financially healthy and should not expect problems in meeting its short term obligations.
BLX's Current ratio of 1.26 is amongst the best of the industry. BLX outperforms 81.25% of its industry peers.
A Quick Ratio of 1.26 indicates that BLX should not have too much problems paying its short term obligations.
BLX has a better Quick ratio (1.26) than 84.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
BLX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -87.21%.
The Earnings Per Share has been growing by 58.74% on average over the past years. This is a very strong growth
Looking at the last year, BLX shows a very negative growth in Revenue. The Revenue has decreased by -11.91% in the last year.
The Revenue has been growing by 8.24% on average over the past years. This is quite good.
EPS 1Y (TTM)-87.21%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-11.91%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%4.67%
3.2 Future
BLX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.88% yearly.
BLX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.56% yearly.
EPS Next Y-14.97%
EPS Next 2Y34.2%
EPS Next 3Y25.53%
EPS Next 5Y23.88%
Revenue Next Year3.76%
Revenue Next 2Y9.5%
Revenue Next 3Y6.57%
Revenue Next 5Y15.56%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
BLX is valuated quite expensively with a Price/Earnings ratio of 232.09.
65.63% of the companies in the same industry are more expensive than BLX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.92, BLX is valued quite expensively.
The Price/Forward Earnings ratio is 20.85, which indicates a rather expensive current valuation of BLX.
BLX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BLX is cheaper than 75.00% of the companies in the same industry.
BLX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 232.09 | ||
| Fwd PE | 20.85 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLX indicates a slightly more expensive valuation: BLX is more expensive than 62.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.78 |
4.3 Compensation for Growth
The decent profitability rating of BLX may justify a higher PE ratio.
A more expensive valuation may be justified as BLX's earnings are expected to grow with 25.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.2%
EPS Next 3Y25.53%
5. Dividend
5.1 Amount
BLX has a Yearly Dividend Yield of 2.59%.
BLX's Dividend Yield is slightly below the industry average, which is at 4.02.
Compared to an average S&P500 Dividend Yield of 2.00, BLX pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
5.2 History
The dividend of BLX has a limited annual growth rate of 0.48%.
BLX has been paying a dividend for at least 10 years, so it has a reliable track record.
BLX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.48%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
The earnings of BLX are negative and hence is the payout ratio. BLX will probably not be able to sustain this dividend level.
The dividend of BLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-295.65%
EPS Next 2Y34.2%
EPS Next 3Y25.53%
TSX:BLX (12/24/2025, 7:00:00 PM)
25.53
+0.3 (+1.19%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners61.81%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap2.62B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts76.92
Price Target36.83 (44.26%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP-295.65%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-120.18%
Min EPS beat(2)-210.01%
Max EPS beat(2)-30.34%
EPS beat(4)0
Avg EPS beat(4)-84.6%
Min EPS beat(4)-210.01%
Max EPS beat(4)-30.34%
EPS beat(8)2
Avg EPS beat(8)-39.17%
EPS beat(12)4
Avg EPS beat(12)-20.96%
EPS beat(16)6
Avg EPS beat(16)-24.58%
Revenue beat(2)0
Avg Revenue beat(2)-10.68%
Min Revenue beat(2)-14.18%
Max Revenue beat(2)-7.18%
Revenue beat(4)0
Avg Revenue beat(4)-13.03%
Min Revenue beat(4)-16.5%
Max Revenue beat(4)-7.18%
Revenue beat(8)2
Avg Revenue beat(8)-5%
Revenue beat(12)5
Avg Revenue beat(12)1.37%
Revenue beat(16)6
Avg Revenue beat(16)-1.36%
PT rev (1m)-3.85%
PT rev (3m)-6.81%
EPS NQ rev (1m)-3.08%
EPS NQ rev (3m)-2.22%
EPS NY rev (1m)-16.42%
EPS NY rev (3m)-23.67%
Revenue NQ rev (1m)-1.18%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 232.09 | ||
| Fwd PE | 20.85 | ||
| P/S | 3.17 | ||
| P/FCF | N/A | ||
| P/OCF | 7.56 | ||
| P/B | 1.72 | ||
| P/tB | 8.22 | ||
| EV/EBITDA | 14.78 |
EPS(TTM)0.11
EY0.43%
EPS(NY)1.22
Fwd EY4.8%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY13.23%
SpS8.06
BVpS14.86
TBVpS3.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number6.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.3% | ||
| ROE | -1.51% | ||
| ROCE | 2.58% | ||
| ROIC | 1.83% | ||
| ROICexc | 1.83% | ||
| ROICexgc | 2.2% | ||
| OM | 22.1% | ||
| PM (TTM) | N/A | ||
| GM | 75.6% | ||
| FCFM | N/A |
ROA(3y)0.71%
ROA(5y)0.69%
ROE(3y)2.94%
ROE(5y)3.22%
ROIC(3y)2.63%
ROIC(5y)2.59%
ROICexc(3y)2.85%
ROICexc(5y)2.78%
ROICexgc(3y)3.67%
ROICexgc(5y)3.66%
ROCE(3y)3.71%
ROCE(5y)3.65%
ROICexgc growth 3Y-1.44%
ROICexgc growth 5Y1.01%
ROICexc growth 3Y1.57%
ROICexc growth 5Y1.49%
OM growth 3Y0.2%
OM growth 5Y1.4%
PM growth 3Y19.71%
PM growth 5YN/A
GM growth 3Y-0.46%
GM growth 5Y-0.28%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.89 | ||
| Cap/Depr | 238.31% | ||
| Cap/Sales | 88.65% | ||
| Interest Coverage | 1.24 | ||
| Cash Conversion | 70.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | 0.48 |
F-Score4
WACC5.1%
ROIC/WACC0.36
Cap/Depr(3y)110.38%
Cap/Depr(5y)89.71%
Cap/Sales(3y)36.6%
Cap/Sales(5y)31.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-87.21%
EPS 3Y58.74%
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y-14.97%
EPS Next 2Y34.2%
EPS Next 3Y25.53%
EPS Next 5Y23.88%
Revenue 1Y (TTM)-11.91%
Revenue growth 3Y7.27%
Revenue growth 5Y8.24%
Sales Q2Q%4.67%
Revenue Next Year3.76%
Revenue Next 2Y9.5%
Revenue Next 3Y6.57%
Revenue Next 5Y15.56%
EBIT growth 1Y-31.46%
EBIT growth 3Y7.49%
EBIT growth 5Y9.76%
EBIT Next Year133.02%
EBIT Next 3Y40.28%
EBIT Next 5Y26.43%
FCF growth 1Y-224.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-39.97%
OCF growth 3Y-14.58%
OCF growth 5Y-6.07%
BORALEX INC -A / BLX.CA FAQ
What is the ChartMill fundamental rating of BORALEX INC -A (BLX.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BLX.CA.
What is the valuation status for BLX stock?
ChartMill assigns a valuation rating of 2 / 10 to BORALEX INC -A (BLX.CA). This can be considered as Overvalued.
Can you provide the profitability details for BORALEX INC -A?
BORALEX INC -A (BLX.CA) has a profitability rating of 6 / 10.
What are the PE and PB ratios of BORALEX INC -A (BLX.CA) stock?
The Price/Earnings (PE) ratio for BORALEX INC -A (BLX.CA) is 232.09 and the Price/Book (PB) ratio is 1.72.
Can you provide the dividend sustainability for BLX stock?
The dividend rating of BORALEX INC -A (BLX.CA) is 5 / 10 and the dividend payout ratio is -295.65%.