Executive Summary
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States.
Snowflake
Fundamentals
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has Algonquin Power & Utilities's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AQN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.9%
AQN
0.3%
CA Integrated Utilities
0.2%
CA Market
1 Year Return
32.7%
AQN
15.0%
CA Integrated Utilities
7.4%
CA Market
Return vs Industry: AQN exceeded the Canadian Integrated Utilities industry which returned 15% over the past year.
Return vs Market: AQN exceeded the Canadian Market which returned 7.4% over the past year.
Shareholder returns
| AQN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 0.3% | 0.2% |
| 30 Day | 1.5% | -2.4% | 2.9% |
| 90 Day | 8.0% | 1.0% | 4.1% |
| 1 Year | 39.0%32.7% | 19.2%15.0% | 11.0%7.4% |
| 3 Year | 98.3%72.3% | 46.6%31.7% | 16.6%6.0% |
| 5 Year | 141.9%91.1% | 63.5%31.6% | 28.4%9.6% |
Price Volatility Vs. Market
How volatile is Algonquin Power & Utilities's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Is Algonquin Power & Utilities Corp.'s (TSE:AQN) CEO Overpaid Relative To Its Peers?1 week ago | Simply Wall St
Algonquin Power & Utilities Corp. (TSE:AQN) Might Not Be A Great Investment3 weeks ago | Simply Wall St
Should You Buy Algonquin Power & Utilities Corp. (TSE:AQN) For Its Dividend?Valuation
Is Algonquin Power & Utilities undervalued compared to its fair value and its price relative to the market?
18.92x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AQN (CA$18.42) is trading above our estimate of fair value (CA$10.15)
Significantly Below Fair Value: AQN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AQN is good value based on its PE Ratio (18.9x) compared to the Integrated Utilities industry average (20.6x).
PE vs Market: AQN is poor value based on its PE Ratio (18.9x) compared to the Canadian market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: AQN is poor value based on its PEG Ratio (42.2x)
Price to Book Ratio
PB vs Industry: AQN is overvalued based on its PB Ratio (2.1x) compared to the XN Integrated Utilities industry average (2.1x).
Next Steps
Future Growth
How is Algonquin Power & Utilities forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
0.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AQN's forecast earnings growth (0.4% per year) is below the savings rate (1.9%).
Earnings vs Market: AQN's earnings (0.4% per year) are forecast to grow slower than the Canadian market (10% per year).
High Growth Earnings: AQN's earnings are forecast to grow, but not significantly.
Revenue vs Market: AQN's revenue (15.4% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: AQN's revenue (15.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AQN's Return on Equity is forecast to be low in 3 years time (8.1%).
Next Steps
Past Performance
How has Algonquin Power & Utilities performed over the past 5 years?
42.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AQN has large one-off items impacting its financial results.
Growing Profit Margin: AQN's current net profit margins (22.3%) are higher than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: AQN's earnings have grown significantly by 42.5% per year over the past 5 years.
Accelerating Growth: AQN's earnings growth over the past year (380.8%) exceeds its 5-year average (42.5% per year).
Earnings vs Industry: AQN earnings growth over the past year (380.8%) exceeded the Integrated Utilities industry 8.1%.
Return on Equity
High ROE: AQN's Return on Equity (8.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Algonquin Power & Utilities's financial position?
Financial Position Analysis
Short Term Liabilities: AQN's short term assets ($496.5M) do not cover its short term liabilities ($678.4M)
Long Term Liabilities: AQN's short term assets ($496.5M) do not cover its long term liabilities (5.6B)
Debt to Equity History and Analysis
Debt Level: AQN's debt to equity ratio (101.4%) is considered high.
Reducing Debt: AQN's debt to equity ratio has increased from 89.5% to 101.4% over the past 5 years.
Debt Coverage: AQN's debt is not well covered by operating cash flow (14%).
Interest Coverage: AQN's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
Inventory Level: AQN has a high level of physical assets or inventory.
Debt Coverage by Assets: AQN's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Algonquin Power & Utilities's current dividend yield, its reliability and sustainability?
4.08%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Algonquin Power & Utilities before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AQN's dividend (4.08%) is higher than the bottom 25% of dividend payers in the Canadian market (2%).
High Dividend: AQN's dividend (4.08%) is low compared to the top 25% of dividend payers in the Canadian market (5.73%).
Stability and Growth of Payments
Stable Dividend: AQN's dividend payments have been volatile in the past 10 years.
Growing Dividend: AQN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.6%), AQN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AQN's dividends in 3 years are forecast to be covered by earnings (78.8% payout ratio).
Next Steps
Management
What is the CEO of Algonquin Power & Utilities's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Ian Robertson (60yo)
10.1yrs
Tenure
US$4,432,823
Compensation
Mr. Ian Edward Robertson, PEng, MBA, CFA, C.Dir, has been Chief Executive Officer and Director of Algonquin Power & Utilities Corp. since October 27, 2009 and served as its President. Mr. Robertson is a fo ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD3.33M) is about average for companies of similar size in the Canadian market ($USD3.71M).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.8yrs
Average Tenure
59yo
Average Age
Experienced Management: AQN's management team is considered experienced (2.8 years average tenure).
Board Age and Tenure
10.1yrs
Average Tenure
63yo
Average Age
Experienced Board: AQN's board of directors are seasoned and experienced ( 10.1 years average tenure).
Insider Trading
Insider Buying: AQN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Vice Chairman Vice Chairman |
| Shares | 100,000 |
| Max Price | US$18.01 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 100,000 |
| Max Price | US$18.01 |
| Entity | Individual |
| Role | Chief Legal Officer Chief Legal Officer |
| Shares | 6,655 |
| Max Price | US$16.36 |
| Entity | Individual |
| Role | Senior Key Executive Chief Transformation Officer |
| Shares | 40,000 |
| Max Price | US$15.03 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 5,415 |
| Max Price | US$9.85 |
| Entity | Individual |
| Role | Senior Key Executive Chief Transformation Officer |
| Shares | 18,500 |
| Max Price | US$13.95 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.
Management Team
David Pasieka (62yo)
Chief Transformation Officer
- Tenure: 1.3yrs
- Compensation: US$1.26m
Ian Robertson (60yo)
CEO & Director
- Tenure: 10.1yrs
- Compensation: US$4.43m
David Bronicheski (60yo)
Chief Financial Officer
- Tenure: 10.1yrs
- Compensation: US$1.72m
Ian Tharp
Vice President
- Tenure: 0yrs
Jennifer Tindale (47yo)
Chief Legal Officer
- Tenure: 2.8yrs
Jeff Norman (50yo)
Chief Development Officer
- Tenure: 4.8yrs
- Compensation: US$1.27m
Johnny Johnston
Chief Operating Officer
- Tenure: 0.8yrs
George Trisic (58yo)
Chief Administration Officer & Corporate Secretary
- Tenure: 0yrs
Michael Dilworth
Senior Vice President of Solar Development Group
- Tenure: 0.8yrs
Mary Paravalos
Chief Compliance & Risk Officer
- Tenure: 0yrs
Board Members
D. Laney (64yo)
Independent Director
- Tenure: 2.8yrs
- Compensation: US$231.35k
Dilek Samil (63yo)
Independent Director
- Tenure: 5.1yrs
- Compensation: US$245.15k
George Steeves (69yo)
Independent Director
- Tenure: 10.1yrs
- Compensation: US$221.35k
Ken Moore (61yo)
Chairman
- Tenure: 10.1yrs
- Compensation: US$359.48k
Chris Jarratt (61yo)
Vice Chairman
- Tenure: 10.8yrs
- Compensation: US$3.08m
Ian Robertson (60yo)
CEO & Director
- Tenure: 10.1yrs
- Compensation: US$4.43m
Chris Ball (68yo)
Independent Director
- Tenure: 10.1yrs
- Compensation: US$243.03k
Masheed Saidi (64yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$231.26k
Melissa Barnes (51yo)
Independent Director
- Tenure: 3.4yrs
- Compensation: US$209.66k
Company Information
Algonquin Power & Utilities Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Algonquin Power & Utilities Corp.
- Ticker: AQN
- Exchange: TSX
- Founded: 1988
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: CA$9.571b
- Shares outstanding: 519.59m
- Website: https://algonquinpower.com
Number of Employees
Location
- Algonquin Power & Utilities Corp.
- 354 Davis Road
- Suite 100
- Oakville
- Ontario
- L6J 2X1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AQN | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 1997 |
| AQN | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Dec 1997 |
| 751 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1997 |
Biography
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/21 00:13 |
| End of Day Share Price | 2019/11/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.