NORTHLAND POWER INC - NPICN 3.2 PERP (NPI-PR-A.CA) Stock Fundamental Analysis
TSX:NPI-PR-A - Toronto Stock Exchange - CA6665113081 - Currency: CAD
NPI-PR-A gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 36 industry peers in the Independent Power and Renewable Electricity Producers industry. NPI-PR-A has a medium profitability rating, but doesn't score so well on its financial health evaluation. NPI-PR-A has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year NPI-PR-A was profitable.
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
NPI-PR-A has a better Return On Assets (1.82%) than 75.00% of its industry peers.
The Return On Equity of NPI-PR-A (5.89%) is better than 77.78% of its industry peers.
The Return On Invested Capital of NPI-PR-A (3.83%) is better than 77.78% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NPI-PR-A is in line with the industry average of 4.97%.
| 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
The Profit Margin of NPI-PR-A (11.46%) is better than 80.56% of its industry peers.
In the last couple of years the Profit Margin of NPI-PR-A has declined.
NPI-PR-A has a Operating Margin of 32.20%. This is in the better half of the industry: NPI-PR-A outperforms 77.78% of its industry peers.
In the last couple of years the Operating Margin of NPI-PR-A has declined.
NPI-PR-A has a Gross Margin of 96.36%. This is amongst the best in the industry. NPI-PR-A outperforms 97.22% of its industry peers.
In the last couple of years the Gross Margin of NPI-PR-A has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NPI-PR-A is destroying value.
Compared to 1 year ago, NPI-PR-A has more shares outstanding
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 0.56. 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 (0.56) than 72.22% 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 has a Debt to FCF ratio of 9.17. This is amongst the best in the industry. NPI-PR-A outperforms 88.89% 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's Debt to Equity ratio of 1.41 is fine compared to the rest of the industry. NPI-PR-A outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | 9.17 | ||
| Altman-Z | 0.56 |
ROIC/WACC0.73
WACC5.21%
2.3 Liquidity
NPI-PR-A has a Current 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's Current ratio of 0.95 is fine compared to the rest of the industry. NPI-PR-A outperforms 69.44% of its industry peers.
A Quick Ratio of 0.95 indicates that NPI-PR-A may have some problems paying its short term obligations.
The Quick ratio of NPI-PR-A (0.95) is better than 72.22% 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.
NPI-PR-A shows a decrease in Revenue. In the last year, the revenue decreased by -5.22%.
The Revenue has been growing slightly by 7.27% on average over the past years.
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
NPI-PR-A is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.63% yearly.
Based on estimates for the next years, NPI-PR-A will show a small growth in Revenue. The Revenue will grow by 3.60% on average per year.
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
NPI-PR-A is valuated rather expensively with a Price/Earnings ratio of 22.53.
NPI-PR-A's Price/Earnings ratio is a bit cheaper when compared to the industry. NPI-PR-A is cheaper than 75.00% of the companies 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 27.45, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 12.23, NPI-PR-A is valued correctly.
Based on the Price/Forward Earnings ratio, NPI-PR-A is valued cheaper than 83.33% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. NPI-PR-A is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.53 | ||
| Fwd PE | 12.23 |
4.2 Price Multiples
80.56% of the companies in the same industry are more expensive than NPI-PR-A, based on the Enterprise Value to EBITDA ratio.
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 91.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.35 | ||
| EV/EBITDA | 8.77 |
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
NPI-PR-A has a Yearly Dividend Yield of 5.35%, which is a nice return.
NPI-PR-A's Dividend Yield is a higher than the industry average which is at 5.30.
NPI-PR-A's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
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 (7/4/2025, 7:00:00 PM)
22.3
+0.01 (+0.04%)
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 Cap5.83B
Analysts78.82
Price Target27.43 (23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
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)-14.54%
Min EPS beat(2)-43.23%
Max EPS beat(2)14.15%
EPS beat(4)2
Avg EPS beat(4)-29.6%
Min EPS beat(4)-555.97%
Max EPS beat(4)466.62%
EPS beat(8)3
Avg EPS beat(8)-77.39%
EPS beat(12)6
Avg EPS beat(12)27.13%
EPS beat(16)8
Avg EPS beat(16)9.42%
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)-8.06%
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 | 22.53 | ||
| Fwd PE | 12.23 | ||
| P/S | 2.6 | ||
| P/FCF | 7.35 | ||
| P/OCF | 5.04 | ||
| P/B | 1.34 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 8.77 |
EPS(TTM)0.99
EY4.44%
EPS(NY)1.82
Fwd EY8.18%
FCF(TTM)3.04
FCFY13.61%
OCF(TTM)4.43
OCFY19.85%
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 | 0.56 |
F-Score6
WACC5.21%
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%