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 39 industry peers in the Independent Power and Renewable Electricity Producers industry. While NPI-PR-A belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NPI-PR-A has a correct valuation and a medium growth rate.
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.
NPI-PR-A had positive earnings in 4 of the past 5 years.
Each year in the past 5 years NPI-PR-A had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 1.95%, NPI-PR-A belongs to the best of the industry, outperforming 82.05% of the companies in the same industry.
With a decent Return On Equity value of 6.35%, NPI-PR-A is doing good in the industry, outperforming 79.49% of the companies in the same industry.
NPI-PR-A has a Return On Invested Capital of 4.54%. This is in the better half of the industry: NPI-PR-A outperforms 79.49% 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 4.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.95% | ||
| ROE | 6.35% | ||
| ROIC | 4.54% |
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
NPI-PR-A's Profit Margin of 11.32% is amongst the best of the industry. NPI-PR-A outperforms 84.62% of its industry peers.
NPI-PR-A's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 36.07%, NPI-PR-A belongs to the top of the industry, outperforming 94.87% of the companies in the same industry.
NPI-PR-A's Operating Margin has declined in the last couple of years.
NPI-PR-A has a Gross Margin of 91.66%. This is amongst the best in the industry. NPI-PR-A outperforms 92.31% of its industry peers.
NPI-PR-A's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.07% | ||
| PM (TTM) | 11.32% | ||
| GM | 91.66% |
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.
Compared to 5 years ago, NPI-PR-A has more shares outstanding
The debt/assets ratio for NPI-PR-A has remained at the same level compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.58, we must say that NPI-PR-A is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.58, NPI-PR-A is in the better half of the industry, outperforming 74.36% of the companies in the same industry.
NPI-PR-A has a debt to FCF ratio of 15.48. This is a negative value and a sign of low solvency as NPI-PR-A would need 15.48 years to pay back of all of its debts.
NPI-PR-A has a better Debt to FCF ratio (15.48) than 92.31% of its industry peers.
A Debt/Equity ratio of 1.55 is on the high side and indicates that NPI-PR-A has dependencies on debt financing.
The Debt to Equity ratio of NPI-PR-A (1.55) is better than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 15.48 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.92
WACC4.92%
2.3 Liquidity
A Current Ratio of 1.05 indicates that NPI-PR-A should not have too much problems paying its short term obligations.
The Current ratio of NPI-PR-A (1.05) is better than 74.36% of its industry peers.
A Quick Ratio of 1.05 indicates that NPI-PR-A should not have too much problems paying its short term obligations.
The Quick ratio of NPI-PR-A (1.05) is better than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 245.07% 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.
Looking at the last year, NPI-PR-A shows a small growth in Revenue. The Revenue has grown by 5.08% in the last year.
Measured over the past years, NPI-PR-A shows a small growth in Revenue. The Revenue has been growing by 7.27% on average per year.
EPS 1Y (TTM)245.07%
EPS 3Y25.16%
EPS 5Y-7.41%
EPS Q2Q%143.36%
Revenue 1Y (TTM)5.08%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%-8.68%
3.2 Future
NPI-PR-A is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.02% yearly.
NPI-PR-A is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.41% yearly.
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.02%
Revenue Next Year0%
Revenue Next 2Y6.55%
Revenue Next 3Y3.86%
Revenue Next 5Y3.41%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.47 indicates a rather expensive valuation of NPI-PR-A.
NPI-PR-A's Price/Earnings ratio is rather cheap when compared to the industry. NPI-PR-A is cheaper than 82.05% of the companies in the same industry.
When comparing the Price/Earnings ratio of NPI-PR-A to the average of the S&P500 Index (28.64), we can say NPI-PR-A is valued slightly cheaper.
A Price/Forward Earnings ratio of 13.71 indicates a correct valuation of NPI-PR-A.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NPI-PR-A indicates a rather cheap valuation: NPI-PR-A is cheaper than 87.18% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.44, NPI-PR-A is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.47 | ||
| Fwd PE | 13.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NPI-PR-A is valued cheaply inside the industry as 82.05% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, NPI-PR-A is valued cheaply inside the industry as 89.74% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.43 | ||
| EV/EBITDA | 7.71 |
4.3 Compensation for Growth
NPI-PR-A has a very decent profitability rating, which 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
NPI-PR-A has a Yearly Dividend Yield of 6.51%, which is a nice return.
NPI-PR-A's Dividend Yield is rather good when compared to the industry average which is at 4.78. NPI-PR-A pays more dividend than 87.18% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.52, NPI-PR-A pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.51% |
5.2 History
The dividend of NPI-PR-A decreases each year by -8.73%.
NPI-PR-A has been paying a dividend for at least 10 years, so it has a reliable track record.
NPI-PR-A has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.73%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
77.79% of the earnings are spent on dividend by NPI-PR-A. This is not a sustainable payout ratio.
DP77.79%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
NORTHLAND POWER INC - NPICN 3.2 PERP
TSX:NPI-PR-A (4/23/2025, 7:00:00 PM)
19.02
+0.02 (+0.11%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners45.22%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap4.97B
Analysts77.65
Price Target27.92 (46.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.51% |
Yearly Dividend0.8
Dividend Growth(5Y)-8.73%
DP77.79%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-270.91%
Min EPS beat(2)-555.97%
Max EPS beat(2)14.15%
EPS beat(4)2
Avg EPS beat(4)-30.84%
Min EPS beat(4)-555.97%
Max EPS beat(4)466.62%
EPS beat(8)3
Avg EPS beat(8)-77.86%
EPS beat(12)7
Avg EPS beat(12)39.32%
EPS beat(16)8
Avg EPS beat(16)10.78%
Revenue beat(2)1
Avg Revenue beat(2)0.07%
Min Revenue beat(2)-0.75%
Max Revenue beat(2)0.9%
Revenue beat(4)2
Avg Revenue beat(4)1.5%
Min Revenue beat(4)-0.75%
Max Revenue beat(4)6.11%
Revenue beat(8)5
Avg Revenue beat(8)1.01%
Revenue beat(12)9
Avg Revenue beat(12)6.53%
Revenue beat(16)11
Avg Revenue beat(16)5.21%
PT rev (1m)-11.41%
PT rev (3m)-6.72%
EPS NQ rev (1m)-11.01%
EPS NQ rev (3m)-9.35%
EPS NY rev (1m)-5.72%
EPS NY rev (3m)6.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)17.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.47 | ||
| Fwd PE | 13.71 | ||
| P/S | 2.12 | ||
| P/FCF | 10.43 | ||
| P/OCF | 4.83 | ||
| P/B | 1.19 | ||
| P/tB | 1.57 | ||
| EV/EBITDA | 7.71 |
EPS(TTM)1.03
EY5.42%
EPS(NY)1.39
Fwd EY7.29%
FCF(TTM)1.82
FCFY9.59%
OCF(TTM)3.93
OCFY20.69%
SpS8.97
BVpS16.01
TBVpS12.14
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.95% | ||
| ROE | 6.35% | ||
| ROCE | 6.9% | ||
| ROIC | 4.54% | ||
| ROICexc | 4.78% | ||
| ROICexgc | 5.23% | ||
| OM | 36.07% | ||
| PM (TTM) | 11.32% | ||
| GM | 91.66% | ||
| FCFM | 20.32% |
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-Score7
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 15.48 | ||
| Debt/EBITDA | 4.27 | ||
| Cap/Depr | 81.96% | ||
| Cap/Sales | 23.54% | ||
| Interest Coverage | 2.45 | ||
| Cash Conversion | 67.69% | ||
| Profit Quality | 179.46% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 0.58 |
F-Score7
WACC4.92%
ROIC/WACC0.92
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)245.07%
EPS 3Y25.16%
EPS 5Y-7.41%
EPS Q2Q%143.36%
EPS Next Y-6.91%
EPS Next 2Y10.64%
EPS Next 3Y1.16%
EPS Next 5Y18.02%
Revenue 1Y (TTM)5.08%
Revenue growth 3Y4.03%
Revenue growth 5Y7.27%
Sales Q2Q%-8.68%
Revenue Next Year0%
Revenue Next 2Y6.55%
Revenue Next 3Y3.86%
Revenue Next 5Y3.41%
EBIT growth 1Y15.84%
EBIT growth 3Y3.6%
EBIT growth 5Y2.05%
EBIT Next Year58.3%
EBIT Next 3Y26.93%
EBIT Next 5Y16.83%
FCF growth 1Y38.97%
FCF growth 3Y-25.21%
FCF growth 5Y0.79%
OCF growth 1Y31.04%
OCF growth 3Y-13.85%
OCF growth 5Y-3.42%