NORTHLAND POWER INC - NPICN 3.2 PERP (NPI-PR-A.CA) Stock Fundamental Analysis
TSX:NPI-PR-A - Toronto Stock Exchange - CA6665113081 - Currency: CAD
Taking everything into account, NPI-PR-A scores 5 out of 10 in our fundamental rating. NPI-PR-A was compared to 37 industry peers in the Independent Power and Renewable Electricity Producers industry. While NPI-PR-A is still in line with the averages on profitability rating, there are concerns on its financial health. NPI-PR-A has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
NPI-PR-A had positive earnings in the past year.
NPI-PR-A had a positive operating cash flow in the past year.
Of the past 5 years NPI-PR-A 4 years were profitable.
Each year in the past 5 years NPI-PR-A had a positive operating cash flow.
1.2 Ratios
NPI-PR-A's Return On Assets of 1.82% is fine compared to the rest of the industry. NPI-PR-A outperforms 72.97% of its industry peers.
With a decent Return On Equity value of 5.89%, NPI-PR-A is doing good in the industry, outperforming 75.68% of the companies in the same industry.
NPI-PR-A has a better Return On Invested Capital (3.83%) than 75.68% of its industry peers.
NPI-PR-A had an Average Return On Invested Capital over the past 3 years of 4.68%. This is in line with the industry average of 5.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.82% | ||
| ROE | 5.89% | ||
| ROIC | 3.83% |
ROA(3y)2.12%
ROA(5y)2.16%
ROE(3y)6.87%
ROE(5y)9.86%
ROIC(3y)4.68%
ROIC(5y)4.77%
1.3 Margins
With a decent Profit Margin value of 11.46%, NPI-PR-A is doing good in the industry, outperforming 78.38% of the companies in the same industry.
NPI-PR-A's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 32.20%, NPI-PR-A is doing good in the industry, outperforming 75.68% of the companies in the same industry.
In the last couple of years the Operating Margin of NPI-PR-A has declined.
NPI-PR-A has a better Gross Margin (96.36%) than 94.59% of its industry peers.
NPI-PR-A's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.2% | ||
| PM (TTM) | 11.46% | ||
| GM | 96.36% |
OM growth 3Y-0.41%
OM growth 5Y-4.87%
PM growth 3Y9.7%
PM growth 5Y-9.55%
GM growth 3Y0.7%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
NPI-PR-A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NPI-PR-A has been increased compared to 1 year ago.
NPI-PR-A has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NPI-PR-A has remained at the same level compared to a year ago.
2.2 Solvency
NPI-PR-A has an Altman-Z score of 0.58. This is a bad value and indicates that NPI-PR-A is not financially healthy and even has some risk of bankruptcy.
NPI-PR-A has a better Altman-Z score (0.58) than 78.38% of its industry peers.
NPI-PR-A has a debt to FCF ratio of 9.17. This is a negative value and a sign of low solvency as NPI-PR-A would need 9.17 years to pay back of all of its debts.
NPI-PR-A's Debt to FCF ratio of 9.17 is amongst the best of the industry. NPI-PR-A outperforms 86.49% of its industry peers.
NPI-PR-A has a Debt/Equity ratio of 1.41. This is a high value indicating a heavy dependency on external financing.
NPI-PR-A has a better Debt to Equity ratio (1.41) than 72.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 9.17 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.73
WACC5.26%
2.3 Liquidity
A Current Ratio of 0.95 indicates that NPI-PR-A may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.95, NPI-PR-A is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
NPI-PR-A has a Quick Ratio of 0.95. This is a bad value and indicates that NPI-PR-A is not financially healthy enough and could expect problems in meeting its short term obligations.
NPI-PR-A has a Quick ratio of 0.95. This is in the better half of the industry: NPI-PR-A outperforms 70.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 243.48% over the past year.
NPI-PR-A shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.41% yearly.
The Revenue has decreased by -5.22% in the past year.
NPI-PR-A shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.27% yearly.
EPS 1Y (TTM)243.48%
EPS 3Y25.16%
EPS 5Y-7.41%
EPS Q2Q%-13.79%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%-14.1%
3.2 Future
The Earnings Per Share is expected to grow by 18.63% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.60% on average over the next years.
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.63%
Revenue Next Year0%
Revenue Next 2Y6.12%
Revenue Next 3Y3.86%
Revenue Next 5Y3.6%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.79, NPI-PR-A is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of NPI-PR-A indicates a somewhat cheap valuation: NPI-PR-A is cheaper than 72.97% of the companies listed in the same industry.
NPI-PR-A is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
NPI-PR-A is valuated correctly with a Price/Forward Earnings ratio of 12.91.
Based on the Price/Forward Earnings ratio, NPI-PR-A is valued cheaply inside the industry as 81.08% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of NPI-PR-A to the average of the S&P500 Index (36.44), we can say NPI-PR-A is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.79 | ||
| Fwd PE | 12.91 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NPI-PR-A indicates a somewhat cheap valuation: NPI-PR-A is cheaper than 78.38% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NPI-PR-A indicates a rather cheap valuation: NPI-PR-A is cheaper than 89.19% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.76 | ||
| EV/EBITDA | 9 |
4.3 Compensation for Growth
The decent profitability rating of NPI-PR-A may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.64%
EPS Next 3Y1.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.24%, NPI-PR-A is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.45, NPI-PR-A pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, NPI-PR-A pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
5.2 History
The dividend of NPI-PR-A decreases each year by -8.73%.
NPI-PR-A has paid a dividend for at least 10 years, which is a reliable track record.
NPI-PR-A has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.73%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
80.16% of the earnings are spent on dividend by NPI-PR-A. This is not a sustainable payout ratio.
DP80.16%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
NORTHLAND POWER INC - NPICN 3.2 PERP
TSX:NPI-PR-A (7/18/2025, 7:00:00 PM)
23.55
+0.04 (+0.17%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners45.17%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap6.16B
Analysts78.82
Price Target27.43 (16.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.24% |
Yearly Dividend0.8
Dividend Growth(5Y)-8.73%
DP80.16%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-15.49%
Min EPS beat(2)-54.58%
Max EPS beat(2)23.6%
EPS beat(4)2
Avg EPS beat(4)-30.08%
Min EPS beat(4)-555.97%
Max EPS beat(4)466.62%
EPS beat(8)3
Avg EPS beat(8)-77.63%
EPS beat(12)6
Avg EPS beat(12)26.97%
EPS beat(16)8
Avg EPS beat(16)9.3%
Revenue beat(2)0
Avg Revenue beat(2)-1.98%
Min Revenue beat(2)-3.22%
Max Revenue beat(2)-0.75%
Revenue beat(4)1
Avg Revenue beat(4)-0.83%
Min Revenue beat(4)-3.22%
Max Revenue beat(4)0.9%
Revenue beat(8)5
Avg Revenue beat(8)1.28%
Revenue beat(12)8
Avg Revenue beat(12)4.92%
Revenue beat(16)10
Avg Revenue beat(16)4.81%
PT rev (1m)-3.19%
PT rev (3m)-1.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.12%
Revenue NQ rev (1m)-1.44%
Revenue NQ rev (3m)6.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.79 | ||
| Fwd PE | 12.91 | ||
| P/S | 2.75 | ||
| P/FCF | 7.76 | ||
| P/OCF | 5.32 | ||
| P/B | 1.41 | ||
| P/tB | 1.86 | ||
| EV/EBITDA | 9 |
EPS(TTM)0.99
EY4.2%
EPS(NY)1.82
Fwd EY7.75%
FCF(TTM)3.04
FCFY12.89%
OCF(TTM)4.43
OCFY18.8%
SpS8.58
BVpS16.7
TBVpS12.69
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.82% | ||
| ROE | 5.89% | ||
| ROCE | 5.81% | ||
| ROIC | 3.83% | ||
| ROICexc | 4.1% | ||
| ROICexgc | 4.51% | ||
| OM | 32.2% | ||
| PM (TTM) | 11.46% | ||
| GM | 96.36% | ||
| FCFM | 35.4% |
ROA(3y)2.12%
ROA(5y)2.16%
ROE(3y)6.87%
ROE(5y)9.86%
ROIC(3y)4.68%
ROIC(5y)4.77%
ROICexc(3y)5.08%
ROICexc(5y)5.11%
ROICexgc(3y)5.64%
ROICexgc(5y)5.73%
ROCE(3y)7.11%
ROCE(5y)7.24%
ROICexcg growth 3Y-0.15%
ROICexcg growth 5Y-3.44%
ROICexc growth 3Y0.94%
ROICexc growth 5Y-3.53%
OM growth 3Y-0.41%
OM growth 5Y-4.87%
PM growth 3Y9.7%
PM growth 5Y-9.55%
GM growth 3Y0.7%
GM growth 5Y-0.28%
F-Score6
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 9.17 | ||
| Debt/EBITDA | 4.4 | ||
| Cap/Depr | 53.69% | ||
| Cap/Sales | 16.22% | ||
| Interest Coverage | 2.16 | ||
| Cash Conversion | 82.71% | ||
| Profit Quality | 308.85% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 0.58 |
F-Score6
WACC5.26%
ROIC/WACC0.73
Cap/Depr(3y)75.8%
Cap/Depr(5y)68.16%
Cap/Sales(3y)21.02%
Cap/Sales(5y)19.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)243.48%
EPS 3Y25.16%
EPS 5Y-7.41%
EPS Q2Q%-13.79%
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.63%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%-14.1%
Revenue Next Year0%
Revenue Next 2Y6.12%
Revenue Next 3Y3.86%
Revenue Next 5Y3.6%
EBIT growth 1Y-14.88%
EBIT growth 3Y3.6%
EBIT growth 5Y2.05%
EBIT Next Year58.3%
EBIT Next 3Y26.93%
EBIT Next 5Y17.09%
FCF growth 1Y-36.87%
FCF growth 3Y-25.21%
FCF growth 5Y0.79%
OCF growth 1Y-32.75%
OCF growth 3Y-13.85%
OCF growth 5Y-3.42%