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, the United States, Chile, and Bermuda. More Details
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Undervalued with proven track record.
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 is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AQN's weekly volatility (3%) has been stable over the past year.
7 Day Return
CA Integrated Utilities
1 Year Return
CA Integrated Utilities
Return vs Industry: AQN underperformed the Canadian Integrated Utilities industry which returned 16.2% over the past year.
Return vs Market: AQN underperformed the Canadian Market which returned 35.5% over the past year.
Long-Term 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 week ago | Simply Wall StAlgonquin Power & Utilities Corp.'s (TSE:AQN) Intrinsic Value Is Potentially 59% Above Its Share Price
3 weeks ago | Simply Wall StHow Many Algonquin Power & Utilities Corp. (TSE:AQN) Shares Have Insiders Sold, In The Last Year?
1 month ago | Simply Wall StHow Much Of Algonquin Power & Utilities Corp. (TSE:AQN) Do Institutions Own?
Is Algonquin Power & Utilities undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AQN (CA$18.83) is trading below our estimate of fair value (CA$33.7)
Significantly Below Fair Value: AQN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AQN is good value based on its PE Ratio (10.6x) compared to the North American Integrated Utilities industry average (21.6x).
PE vs Market: AQN is good value based on its PE Ratio (10.6x) compared to the Canadian market (16x).
Price to Earnings Growth Ratio
PEG Ratio: AQN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AQN is good value based on its PB Ratio (1.9x) compared to the XN Integrated Utilities industry average (2.1x).
How is Algonquin Power & Utilities forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AQN's earnings are forecast to decline over the next 3 years (-1.2% per year).
Earnings vs Market: AQN's earnings are forecast to decline over the next 3 years (-1.2% per year).
High Growth Earnings: AQN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AQN's revenue (6.1% per year) is forecast to grow slower than the Canadian market (6.6% per year).
High Growth Revenue: AQN's revenue (6.1% 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 (9.3%).
How has Algonquin Power & Utilities performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AQN has a large one-off gain of $726.1M impacting its March 31 2021 financial results.
Growing Profit Margin: AQN's current net profit margins (46.1%) are higher than last year (23.1%).
Past Earnings Growth Analysis
Earnings Trend: AQN's earnings have grown significantly by 55.5% per year over the past 5 years.
Accelerating Growth: AQN's earnings growth over the past year (128.9%) exceeds its 5-year average (55.5% per year).
Earnings vs Industry: AQN earnings growth over the past year (128.9%) exceeded the Integrated Utilities industry 13.3%.
Return on Equity
High ROE: AQN's Return on Equity (12.8%) is considered low.
How is Algonquin Power & Utilities's financial position?
Financial Position Analysis
Short Term Liabilities: AQN's short term assets ($804.3M) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: AQN's short term assets ($804.3M) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: AQN's debt to equity ratio (102.6%) is considered high.
Reducing Debt: AQN's debt to equity ratio has reduced from 106% to 102.6% over the past 5 years.
Debt Coverage: AQN's debt is not well covered by operating cash flow (3%).
Interest Coverage: AQN's interest payments on its debt are not well covered by EBIT (1.8x coverage).
What is Algonquin Power & Utilities's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AQN's dividend (4.38%) is higher than the bottom 25% of dividend payers in the Canadian market (1.5%).
High Dividend: AQN's dividend (4.38%) is low compared to the top 25% of dividend payers in the Canadian market (4.53%).
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 reasonably low payout ratio (42.1%), AQN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AQN's dividends in 3 years are not forecast to be well covered by earnings (91.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Arun Banskota (59 yo)
Mr. Arun Banskota serves as the President of Algonquin Power & Utilities Corp. since February 10, 2020 and has been its Chief Executive Officer since July 17, 2020. Mr. Banskota serves as the Director at A...
Experienced Management: AQN's management team is considered experienced (2.3 years average tenure).
Experienced Board: AQN's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16%.
Algonquin Power & Utilities Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Algonquin Power & Utilities Corp.
- Ticker: AQN
- Exchange: TSX
- Founded: 1988
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: CA$11.521b
- Shares outstanding: 611.84m
- Website: https://algonquinpower.com
Number of Employees
- Algonquin Power & Utilities Corp.
- 354 Davis Road
- Suite 100
- L6J 2X1
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, the United Sta...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/11 23:16|
|End of Day Share Price||2021/05/11 00:00|
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.