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CAPITAL POWER CORP - CPXCN 2.621 PERP (CPX-PR-A.CA) Stock Fundamental Analysis

TSX:CPX-PR-A - Toronto Stock Exchange - CA14042M3003 - Currency: CAD

18  0 (0%)

Fundamental Rating

5

CPX-PR-A gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Independent Power and Renewable Electricity Producers industry. CPX-PR-A scores excellent on profitability, but there are concerns on its financial health. CPX-PR-A has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

CPX-PR-A had positive earnings in the past year.
CPX-PR-A had a positive operating cash flow in the past year.
In the past 5 years CPX-PR-A has always been profitable.
Each year in the past 5 years CPX-PR-A had a positive operating cash flow.
CPX-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFCPX-PR-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

1.2 Ratios

CPX-PR-A has a Return On Assets of 4.35%. This is amongst the best in the industry. CPX-PR-A outperforms 92.31% of its industry peers.
CPX-PR-A has a Return On Equity of 13.81%. This is amongst the best in the industry. CPX-PR-A outperforms 92.31% of its industry peers.
With an excellent Return On Invested Capital value of 7.23%, CPX-PR-A belongs to the best of the industry, outperforming 96.15% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CPX-PR-A is in line with the industry average of 4.67%.
The 3 year average ROIC (5.61%) for CPX-PR-A is below the current ROIC(7.23%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.35%
ROE 13.81%
ROIC 7.23%
ROA(3y)2.61%
ROA(5y)1.93%
ROE(3y)9.28%
ROE(5y)6.63%
ROIC(3y)5.61%
ROIC(5y)5.85%
CPX-PR-A.CA Yearly ROA, ROE, ROICCPX-PR-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

CPX-PR-A's Profit Margin of 13.34% is amongst the best of the industry. CPX-PR-A outperforms 92.31% of its industry peers.
CPX-PR-A's Profit Margin has been stable in the last couple of years.
The Operating Margin of CPX-PR-A (23.34%) is worse than 65.38% of its industry peers.
In the last couple of years the Operating Margin of CPX-PR-A has grown nicely.
CPX-PR-A has a worse Gross Margin (51.34%) than 61.54% of its industry peers.
In the last couple of years the Gross Margin of CPX-PR-A has declined.
Industry RankSector Rank
OM 23.34%
PM (TTM) 13.34%
GM 51.34%
OM growth 3Y2.77%
OM growth 5Y4.21%
PM growth 3Y57.63%
PM growth 5Y1.05%
GM growth 3Y-10.9%
GM growth 5Y-6.56%
CPX-PR-A.CA Yearly Profit, Operating, Gross MarginsCPX-PR-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CPX-PR-A is creating some value.
CPX-PR-A has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CPX-PR-A has more shares outstanding
The debt/assets ratio for CPX-PR-A is higher compared to a year ago.
CPX-PR-A.CA Yearly Shares OutstandingCPX-PR-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
CPX-PR-A.CA Yearly Total Debt VS Total AssetsCPX-PR-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

CPX-PR-A has an Altman-Z score of 0.74. This is a bad value and indicates that CPX-PR-A is not financially healthy and even has some risk of bankruptcy.
CPX-PR-A has a better Altman-Z score (0.74) than 73.08% of its industry peers.
A Debt/Equity ratio of 1.32 is on the high side and indicates that CPX-PR-A has dependencies on debt financing.
With an excellent Debt to Equity ratio value of 1.32, CPX-PR-A belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Altman-Z 0.74
ROIC/WACC1.52
WACC4.76%
CPX-PR-A.CA Yearly LT Debt VS Equity VS FCFCPX-PR-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.3 Liquidity

CPX-PR-A has a Current Ratio of 1.05. This is a normal value and indicates that CPX-PR-A is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CPX-PR-A (1.05) is better than 65.38% of its industry peers.
CPX-PR-A has a Quick Ratio of 1.05. This is a bad value and indicates that CPX-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CPX-PR-A (0.78) is better than 65.38% of its industry peers.
Industry RankSector Rank
Current Ratio 1.05
Quick Ratio 0.78
CPX-PR-A.CA Yearly Current Assets VS Current LiabilitesCPX-PR-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

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3

3. Growth

3.1 Past

The earnings per share for CPX-PR-A have decreased strongly by -47.33% in the last year.
Measured over the past years, CPX-PR-A shows a very strong growth in Earnings Per Share. The EPS has been growing by 45.78% on average per year.
CPX-PR-A shows a decrease in Revenue. In the last year, the revenue decreased by -7.57%.
CPX-PR-A shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.75% yearly.
EPS 1Y (TTM)-47.33%
EPS 3Y86.39%
EPS 5Y45.78%
EPS Q2Q%-41.59%
Revenue 1Y (TTM)-7.57%
Revenue growth 3Y30.27%
Revenue growth 5Y24.75%
Sales Q2Q%-10.43%

3.2 Future

Based on estimates for the next years, CPX-PR-A will show a very negative growth in Earnings Per Share. The EPS will decrease by -33.93% on average per year.
Based on estimates for the next years, CPX-PR-A will show a very negative growth in Revenue. The Revenue will decrease by -11.53% on average per year.
EPS Next Y-46.07%
EPS Next 2Y-37.29%
EPS Next 3Y-25.91%
EPS Next 5Y-33.93%
Revenue Next Year3.03%
Revenue Next 2Y-12.14%
Revenue Next 3Y-6.9%
Revenue Next 5Y-11.53%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 decreasing.
CPX-PR-A.CA Yearly Revenue VS EstimatesCPX-PR-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
CPX-PR-A.CA Yearly EPS VS EstimatesCPX-PR-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 4.35, which indicates a rather cheap valuation of CPX-PR-A.
Based on the Price/Earnings ratio, CPX-PR-A is valued cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.62, CPX-PR-A is valued rather cheaply.
CPX-PR-A is valuated cheaply with a Price/Forward Earnings ratio of 5.79.
Based on the Price/Forward Earnings ratio, CPX-PR-A is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
CPX-PR-A's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 4.35
Fwd PE 5.79
CPX-PR-A.CA Price Earnings VS Forward Price EarningsCPX-PR-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CPX-PR-A is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.27
CPX-PR-A.CA Per share dataCPX-PR-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

CPX-PR-A has a very decent profitability rating, which may justify a higher PE ratio.
CPX-PR-A's earnings are expected to decrease with -25.91% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.09
EPS Next 2Y-37.29%
EPS Next 3Y-25.91%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.79%, CPX-PR-A is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.45, CPX-PR-A pays a bit more dividend than its industry peers.
CPX-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 4.79%

5.2 History

The dividend of CPX-PR-A has a limited annual growth rate of 3.24%.
CPX-PR-A has paid a dividend for at least 10 years, which is a reliable track record.
CPX-PR-A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.24%
Div Incr Years0
Div Non Decr Years3
CPX-PR-A.CA Yearly Dividends per shareCPX-PR-A.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

51.44% of the earnings are spent on dividend by CPX-PR-A. This is a bit on the high side, but may be sustainable.
The Dividend Rate of CPX-PR-A has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP51.44%
EPS Next 2Y-37.29%
EPS Next 3Y-25.91%
CPX-PR-A.CA Yearly Income VS Free CF VS DividendCPX-PR-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
CPX-PR-A.CA Dividend Payout.CPX-PR-A.CA Dividend Payout, showing the Payout Ratio.CPX-PR-A.CA Dividend Payout.PayoutRetained Earnings

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CAPITAL POWER CORP - CPXCN 2.621 PERP

TSX:CPX-PR-A (2/21/2025, 7:00:00 PM)

18

0 (0%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)10-30 2024-10-30/bmo
Earnings (Next)02-26 2025-02-26/amc
Inst Owners18.92%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap2.51B
Analysts72.86
Price Target22.43 (24.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.79%
Yearly Dividend2.47
Dividend Growth(5Y)3.24%
DP51.44%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)12.11%
Min EPS beat(2)-9.83%
Max EPS beat(2)34.04%
EPS beat(4)3
Avg EPS beat(4)37.33%
Min EPS beat(4)-9.83%
Max EPS beat(4)121.43%
EPS beat(8)5
Avg EPS beat(8)52.73%
EPS beat(12)8
Avg EPS beat(12)41.23%
EPS beat(16)9
Avg EPS beat(16)23.17%
Revenue beat(2)1
Avg Revenue beat(2)7.51%
Min Revenue beat(2)-0.43%
Max Revenue beat(2)15.46%
Revenue beat(4)3
Avg Revenue beat(4)20.38%
Min Revenue beat(4)-0.43%
Max Revenue beat(4)61.84%
Revenue beat(8)7
Avg Revenue beat(8)39.51%
Revenue beat(12)10
Avg Revenue beat(12)32.22%
Revenue beat(16)12
Avg Revenue beat(16)22.32%
PT rev (1m)32.95%
PT rev (3m)54.65%
EPS NQ rev (1m)38.78%
EPS NQ rev (3m)39.28%
EPS NY rev (1m)-1.75%
EPS NY rev (3m)1.65%
Revenue NQ rev (1m)-37.06%
Revenue NQ rev (3m)-37.06%
Revenue NY rev (1m)1.16%
Revenue NY rev (3m)13.98%
Valuation
Industry RankSector Rank
PE 4.35
Fwd PE 5.79
P/S 0.64
P/FCF N/A
P/OCF 3.64
P/B 0.66
P/tB 0.86
EV/EBITDA 5.27
EPS(TTM)4.14
EY23%
EPS(NY)3.11
Fwd EY17.26%
FCF(TTM)-1.66
FCFYN/A
OCF(TTM)4.94
OCFY27.44%
SpS28.05
BVpS27.08
TBVpS21
PEG (NY)N/A
PEG (5Y)0.09
Profitability
Industry RankSector Rank
ROA 4.35%
ROE 13.81%
ROCE 8.55%
ROIC 7.23%
ROICexc 7.34%
ROICexgc 7.98%
OM 23.34%
PM (TTM) 13.34%
GM 51.34%
FCFM N/A
ROA(3y)2.61%
ROA(5y)1.93%
ROE(3y)9.28%
ROE(5y)6.63%
ROIC(3y)5.61%
ROIC(5y)5.85%
ROICexc(3y)6.29%
ROICexc(5y)6.28%
ROICexgc(3y)7%
ROICexgc(5y)7.02%
ROCE(3y)6.63%
ROCE(5y)6.92%
ROICexcg growth 3Y33.89%
ROICexcg growth 5Y26.24%
ROICexc growth 3Y33.88%
ROICexc growth 5Y25.62%
OM growth 3Y2.77%
OM growth 5Y4.21%
PM growth 3Y57.63%
PM growth 5Y1.05%
GM growth 3Y-10.9%
GM growth 5Y-6.56%
F-Score6
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 1.32
Debt/FCF N/A
Debt/EBITDA 3.51
Cap/Depr 180.91%
Cap/Sales 23.52%
Interest Coverage 4.63
Cash Conversion 48.45%
Profit Quality N/A
Current Ratio 1.05
Quick Ratio 0.78
Altman-Z 0.74
F-Score6
WACC4.76%
ROIC/WACC1.52
Cap/Depr(3y)121.56%
Cap/Depr(5y)112.59%
Cap/Sales(3y)23.81%
Cap/Sales(5y)23.91%
Profit Quality(3y)275.44%
Profit Quality(5y)262.02%
High Growth Momentum
Growth
EPS 1Y (TTM)-47.33%
EPS 3Y86.39%
EPS 5Y45.78%
EPS Q2Q%-41.59%
EPS Next Y-46.07%
EPS Next 2Y-37.29%
EPS Next 3Y-25.91%
EPS Next 5Y-33.93%
Revenue 1Y (TTM)-7.57%
Revenue growth 3Y30.27%
Revenue growth 5Y24.75%
Sales Q2Q%-10.43%
Revenue Next Year3.03%
Revenue Next 2Y-12.14%
Revenue Next 3Y-6.9%
Revenue Next 5Y-11.53%
EBIT growth 1Y16.33%
EBIT growth 3Y33.88%
EBIT growth 5Y30.01%
EBIT Next Year25.43%
EBIT Next 3Y10.55%
EBIT Next 5Y2.27%
FCF growth 1Y-161.27%
FCF growth 3Y-31.28%
FCF growth 5Y0.83%
OCF growth 1Y-36.18%
OCF growth 3Y10.39%
OCF growth 5Y12.81%