CAPITAL POWER CORP (CPX.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:CPX • CA14042M1023

58.46 CAD
+1.69 (+2.98%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

4

CPX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.


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.
  • Each year in the past 5 years CPX has 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 200M 400M 600M 800M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.50%, CPX belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 7.64%, CPX belongs to the top 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

  • The Profit Margin of CPX (10.96%) is better than 87.88% of its industry peers.
  • CPX's Profit Margin has improved in the last couple of years.
  • The Operating Margin of CPX (11.65%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of CPX has declined.
  • CPX has a Gross Margin of 47.75%. This is in the lower half of the industry: CPX underperforms 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CPX is destroying value.
  • The number of shares outstanding for CPX has been increased compared to 1 year ago.
  • CPX has more shares outstanding than it did 5 years ago.
  • 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

  • CPX has an Altman-Z score of 0.77. This is a bad value and indicates that CPX is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of CPX (0.77) is better than 93.94% of its industry peers.
  • 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's Debt to FCF ratio of 31.16 is in line compared to the rest of the industry. CPX outperforms 48.48% of its industry peers.
  • CPX has a Debt/Equity ratio of 1.22. This is a high value indicating a heavy dependency on external 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 0.77
ROIC/WACC0.37
WACC6.37%
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

  • CPX has a Current 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.
  • The Current ratio of CPX (0.74) is worse than 60.61% of its industry peers.
  • A Quick Ratio of 0.63 indicates that CPX may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.63, CPX is doing worse than 60.61% of the companies in the same industry.
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

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

3

3. Growth

3.1 Past

  • The earnings per share for CPX have decreased strongly by -32.37% in the last year.
  • CPX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.29% yearly.
  • Looking at the last year, CPX shows a very negative growth in Revenue. The Revenue has decreased by -10.55% in the last year.
  • 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

  • CPX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.65% yearly.
  • The Revenue is expected to grow by 2.59% on average over the next years.
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.
  • 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. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 20.88, the valuation of CPX can be described as rather expensive.
  • Based on the Price/Earnings ratio, CPX is valued cheaper than 81.82% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of CPX to the average of the S&P500 Index (27.92), we can say CPX is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 20.85, which indicates a rather expensive current valuation of CPX.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CPX indicates a somewhat cheap valuation: CPX is cheaper than 75.76% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of CPX to the average of the S&P500 Index (27.78), we can say CPX is valued slightly cheaper.
Industry RankSector Rank
PE 20.88
Fwd PE 20.85
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.
  • CPX's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 41.62
EV/EBITDA 16.03
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 has a very decent profitability rating, which 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)0.67
EPS Next 2Y-26.22%
EPS Next 3Y-13.45%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.49%, CPX is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.73, CPX pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
  • CPX's earnings and Dividend Rate are 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

Find the best dividend stocksShow peers with best dividend

CAPITAL POWER CORP

TSX:CPX (2/6/2026, 7:00:00 PM)

58.46

+1.69 (+2.98%)

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 Cap9.11B
Revenue(TTM)3.50B
Net Income(TTM)383.00M
Analysts75
Price Target75.27 (28.75%)
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 20.88
Fwd PE 20.85
P/S 2.61
P/FCF 41.62
P/OCF 7.66
P/B 1.82
P/tB 2.08
EV/EBITDA 16.03
EPS(TTM)2.8
EY4.79%
EPS(NY)2.8
Fwd EY4.8%
FCF(TTM)1.4
FCFY2.4%
OCF(TTM)7.63
OCFY13.06%
SpS22.42
BVpS32.17
TBVpS28.09
PEG (NY)N/A
PEG (5Y)0.67
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 0.77
F-Score4
WACC6.37%
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 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 20.88 and the Price/Book (PB) ratio is 1.82.


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.