CAPITAL POWER CORP (CPX.CA) Fundamental Analysis & Valuation

TSX:CPX • CA14042M1023

61.64 CAD
+0.89 (+1.47%)
Last: Mar 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This CPX.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, CPX scores 4 out of 10 in our fundamental rating. CPX was compared to 32 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 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. CPX.CA Profitability Analysis

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.
  • In the past 5 years CPX always reported a positive cash flow from operatings.
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 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • CPX's Return On Assets of 0.85% is amongst the best of the industry. CPX outperforms 81.25% of its industry peers.
  • The Return On Equity of CPX (2.72%) is better than 81.25% of its industry peers.
  • CPX has a Return On Invested Capital of 2.42%. This is in the better half of the industry: CPX outperforms 65.63% of its industry peers.
  • CPX had an Average Return On Invested Capital over the past 3 years of 6.19%. This is above the industry average of 3.57%.
Industry RankSector Rank
ROA 0.85%
ROE 2.72%
ROIC 2.42%
ROA(3y)4.12%
ROA(5y)2.76%
ROE(3y)13.17%
ROE(5y)9.02%
ROIC(3y)6.19%
ROIC(5y)5.16%
CPX.CA Yearly ROA, ROE, ROICCPX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • CPX has a better Profit Margin (3.55%) than 87.50% of its industry peers.
  • CPX's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 10.38%, CPX perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
  • In the last couple of years the Operating Margin of CPX has declined.
  • Looking at the Gross Margin, with a value of 43.52%, CPX is doing worse than 68.75% of the companies in the same industry.
  • CPX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 10.38%
PM (TTM) 3.55%
GM 43.52%
OM growth 3Y-1.39%
OM growth 5Y-14.43%
PM growth 3Y1.63%
PM growth 5Y-3.47%
GM growth 3Y-1.92%
GM growth 5Y-9.03%
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 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. CPX.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPX is destroying value.
  • Compared to 1 year ago, CPX has more shares outstanding
  • The number of shares outstanding for CPX has been increased compared to 5 years ago.
  • The debt/assets ratio for CPX is higher compared to a year ago.
CPX.CA Yearly Shares OutstandingCPX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
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 2025 5B 10B 15B

2.2 Solvency

  • CPX has an Altman-Z score of 0.83. This is a bad value and indicates that CPX is not financially healthy and even has some risk of bankruptcy.
  • CPX's Altman-Z score of 0.83 is amongst the best of the industry. CPX outperforms 93.75% of its industry peers.
  • The Debt to FCF ratio of CPX is 70.24, which is on the high side as it means it would take CPX, 70.24 years of fcf income to pay off all of its debts.
  • CPX's Debt to FCF ratio of 70.24 is in line compared to the rest of the industry. CPX outperforms 46.88% of its industry peers.
  • CPX has a Debt/Equity ratio of 1.35. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.35, CPX is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 70.24
Altman-Z 0.83
ROIC/WACC0.35
WACC7%
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 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.94 indicates that CPX may have some problems paying its short term obligations.
  • CPX has a Current ratio of 0.94. This is in the better half of the industry: CPX outperforms 65.63% of its industry peers.
  • CPX has a Quick Ratio of 0.94. 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 has a Quick ratio of 0.75. This is in the better half of the industry: CPX outperforms 65.63% of its industry peers.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.75
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 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. CPX.CA Growth Analysis

3.1 Past

  • The earnings per share for CPX have decreased strongly by -81.97% in the last year.
  • Measured over the past 5 years, CPX shows a small growth in Earnings Per Share. The EPS has been growing by 2.60% on average per year.
  • CPX shows a decrease in Revenue. In the last year, the revenue decreased by -1.48%.
  • The Revenue has been growing by 13.94% on average over the past years. This is quite good.
EPS 1Y (TTM)-81.97%
EPS 3Y1.38%
EPS 5Y2.6%
EPS Q2Q%-106.97%
Revenue 1Y (TTM)-1.48%
Revenue growth 3Y8.29%
Revenue growth 5Y13.94%
Sales Q2Q%26.38%

3.2 Future

  • Based on estimates for the next years, CPX will show a very strong growth in Earnings Per Share. The EPS will grow by 35.10% on average per year.
  • The Revenue is expected to grow by 1.93% on average over the next years.
EPS Next Y63.91%
EPS Next 2Y39.56%
EPS Next 3Y61.7%
EPS Next 5Y35.1%
Revenue Next Year7.86%
Revenue Next 2Y6.3%
Revenue Next 3Y0.65%
Revenue Next 5Y1.93%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

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Find the best growth stocksShow best growing peers

4

4. CPX.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 66.28, the valuation of CPX can be described as expensive.
  • Based on the Price/Earnings ratio, CPX is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.25, CPX is valued quite expensively.
  • A Price/Forward Earnings ratio of 21.98 indicates a rather expensive valuation of CPX.
  • 78.13% of the companies in the same industry are more expensive than CPX, based on the Price/Forward Earnings ratio.
  • CPX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.39.
Industry RankSector Rank
PE 66.28
Fwd PE 21.98
CPX.CA Price Earnings VS Forward Price EarningsCPX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • CPX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CPX is more expensive than 65.63% of the companies in the same industry.
  • CPX's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 98.37
EV/EBITDA 16.98
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

  • CPX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CPX has a very decent profitability rating, which may justify a higher PE ratio.
  • CPX's earnings are expected to grow with 61.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.04
PEG (5Y)25.52
EPS Next 2Y39.56%
EPS Next 3Y61.7%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. CPX.CA Dividend Analysis

5.1 Amount

  • CPX has a Yearly Dividend Yield of 4.39%, which is a nice return.
  • CPX's Dividend Yield is a higher than the industry average which is at 3.45.
  • CPX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.39%

5.2 History

  • The dividend of CPX decreases each year by -0.02%.
  • 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)-0.02%
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 256.06% of its income as dividend. This is not a sustainable payout ratio.
DP256.06%
EPS Next 2Y39.56%
EPS Next 3Y61.7%
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 2025 200M 400M 600M
CPX.CA Dividend Payout.CPX.CA Dividend Payout, showing the Payout Ratio.CPX.CA Dividend Payout.PayoutRetained Earnings

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CPX.CA Fundamentals: All Metrics, Ratios and Statistics

CAPITAL POWER CORP

TSX:CPX (3/10/2026, 7:00:00 PM)

61.64

+0.89 (+1.47%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)03-04
Earnings (Next)04-28
Inst Owners25.22%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap9.64B
Revenue(TTM)3.72B
Net Income(TTM)132.00M
Analysts75
Price Target75.18 (21.97%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.39%
Yearly Dividend2.29
Dividend Growth(5Y)-0.02%
DP256.06%
Div Incr Years11
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)14.36%
Min Revenue beat(2)4.26%
Max Revenue beat(2)24.45%
Revenue beat(4)3
Avg Revenue beat(4)-0.78%
Min Revenue beat(4)-45.83%
Max Revenue beat(4)24.45%
Revenue beat(8)5
Avg Revenue beat(8)1.18%
Revenue beat(12)9
Avg Revenue beat(12)21.58%
Revenue beat(16)12
Avg Revenue beat(16)22.5%
PT rev (1m)-0.23%
PT rev (3m)-1.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.49%
EPS NY rev (1m)0.05%
EPS NY rev (3m)-6.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.68%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.13%
Valuation
Industry RankSector Rank
PE 66.28
Fwd PE 21.98
P/S 2.59
P/FCF 98.37
P/OCF 10.02
P/B 1.98
P/tB 2.28
EV/EBITDA 16.98
EPS(TTM)0.93
EY1.51%
EPS(NY)2.8
Fwd EY4.55%
FCF(TTM)0.63
FCFY1.02%
OCF(TTM)6.15
OCFY9.98%
SpS23.79
BVpS31.05
TBVpS27.09
PEG (NY)1.04
PEG (5Y)25.52
Graham Number25.49
Profitability
Industry RankSector Rank
ROA 0.85%
ROE 2.72%
ROCE 2.8%
ROIC 2.42%
ROICexc 2.44%
ROICexgc 2.56%
OM 10.38%
PM (TTM) 3.55%
GM 43.52%
FCFM 2.63%
ROA(3y)4.12%
ROA(5y)2.76%
ROE(3y)13.17%
ROE(5y)9.02%
ROIC(3y)6.19%
ROIC(5y)5.16%
ROICexc(3y)6.95%
ROICexc(5y)5.67%
ROICexgc(3y)7.59%
ROICexgc(5y)6.23%
ROCE(3y)7.14%
ROCE(5y)5.96%
ROICexgc growth 3Y-14.26%
ROICexgc growth 5Y-14.25%
ROICexc growth 3Y-12.31%
ROICexc growth 5Y-13.21%
OM growth 3Y-1.39%
OM growth 5Y-14.43%
PM growth 3Y1.63%
PM growth 5Y-3.47%
GM growth 3Y-1.92%
GM growth 5Y-9.03%
F-Score3
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 70.24
Debt/EBITDA 6.77
Cap/Depr 148.97%
Cap/Sales 23.23%
Interest Coverage 1.12
Cash Conversion 99.59%
Profit Quality 74.24%
Current Ratio 0.94
Quick Ratio 0.75
Altman-Z 0.83
F-Score3
WACC7%
ROIC/WACC0.35
Cap/Depr(3y)162.55%
Cap/Depr(5y)145.28%
Cap/Sales(3y)22.82%
Cap/Sales(5y)24.6%
Profit Quality(3y)32.85%
Profit Quality(5y)182.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-81.97%
EPS 3Y1.38%
EPS 5Y2.6%
EPS Q2Q%-106.97%
EPS Next Y63.91%
EPS Next 2Y39.56%
EPS Next 3Y61.7%
EPS Next 5Y35.1%
Revenue 1Y (TTM)-1.48%
Revenue growth 3Y8.29%
Revenue growth 5Y13.94%
Sales Q2Q%26.38%
Revenue Next Year7.86%
Revenue Next 2Y6.3%
Revenue Next 3Y0.65%
Revenue Next 5Y1.93%
EBIT growth 1Y-53.04%
EBIT growth 3Y6.78%
EBIT growth 5Y-2.5%
EBIT Next Year179.88%
EBIT Next 3Y46.14%
EBIT Next 5Y28.64%
FCF growth 1Y42.03%
FCF growth 3Y-27.1%
FCF growth 5Y-20.31%
OCF growth 1Y-15.54%
OCF growth 3Y0.95%
OCF growth 5Y9.5%

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 4 / 10 to CAPITAL POWER CORP (CPX.CA). This can be considered as Fairly Valued.


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 66.28 and the Price/Book (PB) ratio is 1.98.


What is the earnings growth outlook for CAPITAL POWER CORP?

The Earnings per Share (EPS) of CAPITAL POWER CORP (CPX.CA) is expected to grow by 63.91% in the next year.