BORALEX INC -A (BLX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BLX - CA09950M3003 - Common Stock
25.71 CAD
-1.1 (-4.1%)
Overall BLX gets a fundamental rating of 5 out of 10. We evaluated BLX against 32 industry peers in the Independent Power and Renewable Electricity Producers industry. While BLX is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, BLX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year BLX was profitable.
- In the past year BLX had a positive cash flow from operations.
- In the past 5 years BLX has always been profitable.
- BLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BLX has a better Return On Assets (-0.30%) than 65.63% of its industry peers.
- BLX's Return On Equity of -1.51% is fine compared to the rest of the industry. BLX outperforms 78.13% of its industry peers.
- BLX's Return On Invested Capital of 1.83% is on the low side compared to the rest of the industry. BLX is outperformed by 68.75% of its industry peers.
- BLX had an Average Return On Invested Capital over the past 3 years of 2.63%. This is in line with the industry average of 3.83%.
| 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.
- BLX has a better Operating Margin (22.10%) than 68.75% of its industry peers.
- BLX's Operating Margin has been stable in the last couple of years.
- With a decent Gross Margin value of 75.60%, BLX is doing good in the industry, outperforming 65.63% of the companies in the same industry.
- 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BLX is destroying value.
- BLX has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for BLX has been increased compared to 5 years ago.
- The debt/assets ratio for BLX is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.49, we must say that BLX is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.49, 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.
- BLX has a Debt to Equity ratio (2.86) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.86 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.49 |
ROIC/WACC0.39
WACC4.64%
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.
- Looking at the Current ratio, with a value of 1.26, BLX belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
- A Quick Ratio of 1.26 indicates that BLX should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.26, BLX belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
| 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%.
- Measured over the past years, BLX shows a very strong growth in Earnings Per Share. The EPS has been growing by 58.74% on average per year.
- BLX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.91%.
- Measured over the past years, BLX shows a quite strong growth in Revenue. The Revenue has been growing by 8.24% on average per year.
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 23.29% 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 5Y23.29%
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
- Based on the Price/Earnings ratio of 233.73, the valuation of BLX can be described as expensive.
- BLX's Price/Earnings ratio is a bit cheaper when compared to the industry. BLX is cheaper than 65.63% of the companies in the same industry.
- BLX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.32.
- The Price/Forward Earnings ratio is 20.99, 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 71.88% of the companies in the same industry.
- BLX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.32, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 233.73 | ||
| Fwd PE | 20.99 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BLX is valued a bit more expensive than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.84 |
4.3 Compensation for Growth
- BLX has a very decent profitability rating, which may justify a higher PE ratio.
- BLX's earnings are expected to grow with 25.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.2%
EPS Next 3Y25.53%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.48%, BLX has a reasonable but not impressive dividend return.
- With a Dividend Yield of 2.48, BLX pays less dividend than the industry average, which is at 4.91. 81.25% of the companies listed in the same industry pay a better dividend than BLX!
- BLX's Dividend Yield is a higher than the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
5.2 History
- The dividend of BLX has a limited annual growth rate of 0.48%.
- BLX has paid a dividend for at least 10 years, which is 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.
- BLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-295.65%
EPS Next 2Y34.2%
EPS Next 3Y25.53%
TSX:BLX (1/22/2026, 7:00:00 PM)
25.71
-1.1 (-4.1%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-26 2026-02-26/amc
Inst Owners62.18%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap2.64B
Revenue(TTM)828.00M
Net Income(TTM)-23.00M
Analysts78.33
Price Target36.83 (43.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
Yearly Dividend0.66
Dividend Growth(5Y)0.48%
DP-295.65%
Div Incr Years0
Div Non Decr Years10
Ex-DateN/A
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)0.88%
EPS NY rev (3m)-23.67%
Revenue NQ rev (1m)-1.18%
Revenue NQ rev (3m)-3.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 233.73 | ||
| Fwd PE | 20.99 | ||
| P/S | 3.19 | ||
| P/FCF | N/A | ||
| P/OCF | 7.61 | ||
| P/B | 1.73 | ||
| P/tB | 8.28 | ||
| EV/EBITDA | 14.84 |
EPS(TTM)0.11
EY0.43%
EPS(NY)1.22
Fwd EY4.76%
FCF(TTM)-3.77
FCFYN/A
OCF(TTM)3.38
OCFY13.13%
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 | 0.49 |
F-Score4
WACC4.64%
ROIC/WACC0.39
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 5Y23.29%
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 5Y25.84%
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 of BORALEX INC -A (BLX.CA) 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.
Can you provide the expected EPS growth for BLX stock?
The Earnings per Share (EPS) of BORALEX INC -A (BLX.CA) is expected to decline by -14.97% in the next year.
How sustainable is the dividend of BORALEX INC -A (BLX.CA) stock?
The dividend rating of BORALEX INC -A (BLX.CA) is 5 / 10 and the dividend payout ratio is -295.65%.