CAPITAL POWER CORP (CPX.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:CPX • CA14042M1023

57.79 CAD
-0.88 (-1.5%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

4

Taking everything into account, CPX scores 4 out of 10 in our fundamental rating. CPX was compared to 33 industry peers in the Independent Power and Renewable Electricity Producers industry. While CPX is still in line with the averages on profitability rating, there are concerns on its financial health. CPX does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year CPX was profitable.
  • CPX had a positive operating cash flow in the past year.
  • In the past 5 years CPX has always been profitable.
  • CPX had a positive operating cash flow in each of the past 5 years.
CPX.CA Yearly Net Income VS EBIT VS OCF VS FCFCPX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

1.2 Ratios

  • With an excellent Return On Assets value of 2.50%, CPX belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • With an excellent Return On Equity value of 7.64%, CPX belongs to the best of the industry, outperforming 84.85% of the companies in the same industry.
  • The Return On Invested Capital of CPX (2.38%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CPX is above the industry average of 3.78%.
Industry RankSector Rank
ROA 2.5%
ROE 7.64%
ROIC 2.38%
ROA(3y)4.16%
ROA(5y)2.78%
ROE(3y)13.61%
ROE(5y)9.04%
ROIC(3y)5.9%
ROIC(5y)5.1%
CPX.CA Yearly ROA, ROE, ROICCPX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • CPX's Profit Margin of 10.96% is amongst the best of the industry. CPX outperforms 87.88% of its industry peers.
  • CPX's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 11.65%, CPX is in line with its industry, outperforming 54.55% of the companies in the same industry.
  • In the last couple of years the Operating Margin of CPX has declined.
  • CPX has a worse Gross Margin (47.75%) than 66.67% of its industry peers.
  • In the last couple of years the Gross Margin of CPX has declined.
Industry RankSector Rank
OM 11.65%
PM (TTM) 10.96%
GM 47.75%
OM growth 3Y8.09%
OM growth 5Y-8.02%
PM growth 3Y99.71%
PM growth 5Y35.39%
GM growth 3Y-7.47%
GM growth 5Y-7.72%
CPX.CA Yearly Profit, Operating, Gross MarginsCPX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

More info and screens

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPX is destroying value.
  • CPX has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CPX has more shares outstanding
  • Compared to 1 year ago, CPX has an improved debt to assets ratio.
CPX.CA Yearly Shares OutstandingCPX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
CPX.CA Yearly Total Debt VS Total AssetsCPX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.79, we must say that CPX is in the distress zone and has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 0.79, CPX belongs to the best of the industry, outperforming 93.94% of the companies in the same industry.
  • The Debt to FCF ratio of CPX is 31.16, which is on the high side as it means it would take CPX, 31.16 years of fcf income to pay off all of its debts.
  • CPX has a Debt to FCF ratio of 31.16. This is comparable to the rest of the industry: CPX outperforms 48.48% of its industry peers.
  • A Debt/Equity ratio of 1.22 is on the high side and indicates that CPX has dependencies on debt financing.
  • With a decent Debt to Equity ratio value of 1.22, CPX is doing good in the industry, outperforming 78.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.22
Debt/FCF 31.16
Altman-Z 0.79
ROIC/WACC0.37
WACC6.39%
CPX.CA Yearly LT Debt VS Equity VS FCFCPX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.74 indicates that CPX may have some problems paying its short term obligations.
  • The Current ratio of CPX (0.74) is worse than 60.61% of its industry peers.
  • CPX has a Quick Ratio of 0.74. This is a bad value and indicates that CPX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • CPX's Quick ratio of 0.63 is on the low side compared to the rest of the industry. CPX is outperformed by 60.61% of its industry peers.
Industry RankSector Rank
Current Ratio 0.74
Quick Ratio 0.63
CPX.CA Yearly Current Assets VS Current LiabilitesCPX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

More info and screens

3

3. Growth

3.1 Past

  • CPX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.37%.
  • CPX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.29% yearly.
  • CPX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.55%.
  • The Revenue has been growing by 13.98% on average over the past years. This is quite good.
EPS 1Y (TTM)-32.37%
EPS 3Y37.52%
EPS 5Y31.29%
EPS Q2Q%-28.79%
Revenue 1Y (TTM)-10.55%
Revenue growth 3Y23.8%
Revenue growth 5Y13.98%
Sales Q2Q%17.77%

3.2 Future

  • The Earnings Per Share is expected to decrease by -3.65% on average over the next years.
  • CPX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.59% yearly.
EPS Next Y-66.21%
EPS Next 2Y-26.22%
EPS Next 3Y-13.45%
EPS Next 5Y-3.65%
Revenue Next Year-2.48%
Revenue Next 2Y2.76%
Revenue Next 3Y3.58%
Revenue Next 5Y2.59%

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.CA Yearly Revenue VS EstimatesCPX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B
CPX.CA Yearly EPS VS EstimatesCPX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

More info and screens

3

4. Valuation

4.1 Price/Earnings Ratio

  • CPX is valuated rather expensively with a Price/Earnings ratio of 20.64.
  • 78.79% of the companies in the same industry are more expensive than CPX, based on the Price/Earnings ratio.
  • CPX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.25.
  • CPX is valuated rather expensively with a Price/Forward Earnings ratio of 20.61.
  • 75.76% of the companies in the same industry are more expensive than CPX, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of CPX to the average of the S&P500 Index (27.50), we can say CPX is valued slightly cheaper.
Industry RankSector Rank
PE 20.64
Fwd PE 20.61
CPX.CA Price Earnings VS Forward Price EarningsCPX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • 66.67% of the companies in the same industry are cheaper than CPX, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CPX is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 41.14
EV/EBITDA 16.34
CPX.CA Per share dataCPX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The decent profitability rating of CPX may justify a higher PE ratio.
  • CPX's earnings are expected to decrease with -13.45% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.66
EPS Next 2Y-26.22%
EPS Next 3Y-13.45%

More info and screens

6

5. Dividend

5.1 Amount

  • CPX has a Yearly Dividend Yield of 4.49%, which is a nice return.
  • CPX's Dividend Yield is a higher than the industry average which is at 3.73.
  • Compared to an average S&P500 Dividend Yield of 1.82, CPX pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.49%

5.2 History

  • The dividend of CPX decreases each year by -1.04%.
  • CPX has paid a dividend for at least 10 years, which is a reliable track record.
  • CPX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.04%
Div Incr Years11
Div Non Decr Years15
CPX.CA Yearly Dividends per shareCPX.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • CPX pays out 84.33% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of CPX has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP84.33%
EPS Next 2Y-26.22%
EPS Next 3Y-13.45%
CPX.CA Yearly Income VS Free CF VS DividendCPX.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
CPX.CA Dividend Payout.CPX.CA Dividend Payout, showing the Payout Ratio.CPX.CA Dividend Payout.PayoutRetained Earnings

More info and screens

CAPITAL POWER CORP

TSX:CPX (2/4/2026, 7:00:00 PM)

57.79

-0.88 (-1.5%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)10-29
Earnings (Next)02-24
Inst Owners23.22%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap9.01B
Revenue(TTM)3.50B
Net Income(TTM)383.00M
Analysts75
Price Target75.27 (30.25%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.49%
Yearly Dividend2.18
Dividend Growth(5Y)-1.04%
DP84.33%
Div Incr Years11
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-130.18%
Min EPS beat(2)-253.19%
Max EPS beat(2)-7.16%
EPS beat(4)2
Avg EPS beat(4)-22.55%
Min EPS beat(4)-253.19%
Max EPS beat(4)101.4%
EPS beat(8)5
Avg EPS beat(8)7.39%
EPS beat(12)7
Avg EPS beat(12)27.64%
EPS beat(16)10
Avg EPS beat(16)25.28%
Revenue beat(2)1
Avg Revenue beat(2)-10.69%
Min Revenue beat(2)-45.83%
Max Revenue beat(2)24.45%
Revenue beat(4)2
Avg Revenue beat(4)-3.64%
Min Revenue beat(4)-45.83%
Max Revenue beat(4)24.45%
Revenue beat(8)5
Avg Revenue beat(8)8.37%
Revenue beat(12)9
Avg Revenue beat(12)25.13%
Revenue beat(16)12
Avg Revenue beat(16)23.25%
PT rev (1m)0.23%
PT rev (3m)2.79%
EPS NQ rev (1m)18.09%
EPS NQ rev (3m)-9.81%
EPS NY rev (1m)4.21%
EPS NY rev (3m)0.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.77%
Valuation
Industry RankSector Rank
PE 20.64
Fwd PE 20.61
P/S 2.58
P/FCF 41.14
P/OCF 7.57
P/B 1.8
P/tB 2.06
EV/EBITDA 16.34
EPS(TTM)2.8
EY4.85%
EPS(NY)2.8
Fwd EY4.85%
FCF(TTM)1.4
FCFY2.43%
OCF(TTM)7.63
OCFY13.21%
SpS22.42
BVpS32.17
TBVpS28.09
PEG (NY)N/A
PEG (5Y)0.66
Graham Number45.02
Profitability
Industry RankSector Rank
ROA 2.5%
ROE 7.64%
ROCE 3.04%
ROIC 2.38%
ROICexc 2.41%
ROICexgc 2.54%
OM 11.65%
PM (TTM) 10.96%
GM 47.75%
FCFM 6.27%
ROA(3y)4.16%
ROA(5y)2.78%
ROE(3y)13.61%
ROE(5y)9.04%
ROIC(3y)5.9%
ROIC(5y)5.1%
ROICexc(3y)6.62%
ROICexc(5y)5.57%
ROICexgc(3y)7.3%
ROICexgc(5y)6.15%
ROCE(3y)7.55%
ROCE(5y)6.53%
ROICexgc growth 3Y17.86%
ROICexgc growth 5Y-4.56%
ROICexc growth 3Y19.31%
ROICexc growth 5Y-3.64%
OM growth 3Y8.09%
OM growth 5Y-8.02%
PM growth 3Y99.71%
PM growth 5Y35.39%
GM growth 3Y-7.47%
GM growth 5Y-7.72%
F-Score4
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 1.22
Debt/FCF 31.16
Debt/EBITDA 6.34
Cap/Depr 174.01%
Cap/Sales 27.78%
Interest Coverage 1.47
Cash Conversion 123.32%
Profit Quality 57.18%
Current Ratio 0.74
Quick Ratio 0.63
Altman-Z 0.79
F-Score4
WACC6.39%
ROIC/WACC0.37
Cap/Depr(3y)154%
Cap/Depr(5y)128.29%
Cap/Sales(3y)22.84%
Cap/Sales(5y)23.11%
Profit Quality(3y)93.29%
Profit Quality(5y)241.73%
High Growth Momentum
Growth
EPS 1Y (TTM)-32.37%
EPS 3Y37.52%
EPS 5Y31.29%
EPS Q2Q%-28.79%
EPS Next Y-66.21%
EPS Next 2Y-26.22%
EPS Next 3Y-13.45%
EPS Next 5Y-3.65%
Revenue 1Y (TTM)-10.55%
Revenue growth 3Y23.8%
Revenue growth 5Y13.98%
Sales Q2Q%17.77%
Revenue Next Year-2.48%
Revenue Next 2Y2.76%
Revenue Next 3Y3.58%
Revenue Next 5Y2.59%
EBIT growth 1Y-55.37%
EBIT growth 3Y33.82%
EBIT growth 5Y4.84%
EBIT Next Year52.1%
EBIT Next 3Y19.99%
EBIT Next 5Y13.92%
FCF growth 1Y-2.23%
FCF growth 3Y-34.45%
FCF growth 5Y-4.09%
OCF growth 1Y34.92%
OCF growth 3Y9.52%
OCF growth 5Y9.61%

CAPITAL POWER CORP / CPX.CA FAQ

What is the fundamental rating for CPX stock?

ChartMill assigns a fundamental rating of 4 / 10 to CPX.CA.


What is the valuation status for CPX stock?

ChartMill assigns a valuation rating of 3 / 10 to CAPITAL POWER CORP (CPX.CA). This can be considered as Overvalued.


How profitable is CAPITAL POWER CORP (CPX.CA) stock?

CAPITAL POWER CORP (CPX.CA) has a profitability rating of 6 / 10.


What are the PE and PB ratios of CAPITAL POWER CORP (CPX.CA) stock?

The Price/Earnings (PE) ratio for CAPITAL POWER CORP (CPX.CA) is 20.64 and the Price/Book (PB) ratio is 1.8.


What is the earnings growth outlook for CAPITAL POWER CORP?

The Earnings per Share (EPS) of CAPITAL POWER CORP (CPX.CA) is expected to decline by -66.21% in the next year.