Altius Renewable Royalties Corp.

TSX:ARR Stock Report

Market Cap: CA$370.5m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Altius Renewable Royalties Valuation

Is ARR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CA$14.81
Fair Value
19.0% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: ARR (CA$12) is trading below our estimate of fair value (CA$14.81)

Significantly Below Fair Value: ARR is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARR?

Key metric: As ARR is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ARR. This is calculated by dividing ARR's market cap by their current book value.
What is ARR's PB Ratio?
PB Ratio1.3x
BookUS$205.48m
Market CapUS$264.14m

Price to Book Ratio vs Peers

How does ARR's PB Ratio compare to its peers?

The above table shows the PB ratio for ARR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.6x
PIF Polaris Renewable Energy
0.7x36.6%CA$278.1m
WEB Westbridge Renewable Energy
2.8x20.6%CA$83.0m
SPG Spark Power Group
1.2xn/aCA$73.6m
INE Innergex Renewable Energy
1.8x119.6%CA$1.6b
ARR Altius Renewable Royalties
1.3xn/aCA$370.5m

Price-To-Book vs Peers: ARR is good value based on its Price-To-Book Ratio (1.3x) compared to the peer average (1.7x).

Price to Book Ratio vs Industry

How does ARR's PB Ratio compare vs other companies in the CA Renewable Energy Industry?

0 CompaniesPrice / BookEstimated GrowthMarket Cap
No more companies available in this PB range
ARR 1.3xIndustry Avg. 1.7xNo. of Companies3PB012345+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ARR is good value based on its Price-To-Book Ratio (1.3x) compared to the North American Renewable Energy industry average (1.9x).

Price to Book Ratio vs Fair Ratio

What is ARR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ARR's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CA$12.32
0%
1.1%CA$12.42CA$12.13n/a3
Jan ’26n/a
CA$12.32
0%
1.1%CA$12.42CA$12.13n/a3
Dec ’25CA$11.89
CA$12.27
+3.2%
1.0%CA$12.35CA$12.06n/a4
Nov ’25CA$11.86
CA$12.20
+2.8%
1.0%CA$12.30CA$12.00n/a5
Oct ’25CA$11.83
CA$11.90
+0.6%
0.7%CA$11.99CA$11.73n/a6
Sep ’25CA$9.49
CA$12.24
+29.0%
13.3%CA$14.69CA$9.99n/a6
Aug ’25CA$9.30
CA$12.44
+33.8%
14.8%CA$15.07CA$9.54n/a6
Jul ’25CA$9.19
CA$12.41
+35.0%
14.8%CA$14.99CA$9.49n/a6
Jun ’25CA$9.05
CA$12.27
+35.5%
14.1%CA$15.03CA$9.51n/a6
May ’25CA$9.25
CA$12.40
+34.0%
13.0%CA$15.00CA$9.56n/a7
Apr ’25CA$9.17
CA$12.39
+35.1%
13.2%CA$15.08CA$9.48n/a7
Mar ’25CA$9.19
CA$12.03
+30.9%
13.4%CA$15.00CA$9.50n/a7
Feb ’25CA$8.39
CA$11.71
+39.5%
14.8%CA$15.00CA$8.94n/a7
Jan ’25CA$7.88
CA$11.49
+45.8%
15.4%CA$14.76CA$9.00n/a7
Dec ’24CA$7.41
CA$11.49
+55.1%
15.4%CA$14.76CA$9.00CA$11.897
Nov ’24CA$7.36
CA$11.91
+61.9%
16.2%CA$15.27CA$9.49CA$11.867
Oct ’24CA$8.35
CA$12.70
+52.1%
15.7%CA$15.21CA$9.50CA$11.838
Sep ’24CA$8.87
CA$12.54
+41.4%
16.6%CA$15.25CA$9.48CA$9.497
Aug ’24CA$9.50
CA$12.77
+34.4%
19.9%CA$17.55CA$9.53CA$9.307
Jul ’24CA$9.02
CA$12.95
+43.6%
18.5%CA$17.56CA$10.06CA$9.197
Jun ’24CA$8.79
CA$13.43
+52.8%
18.8%CA$17.75CA$10.00CA$9.056
May ’24CA$8.28
CA$13.33
+61.0%
18.4%CA$17.53CA$10.07CA$9.256
Apr ’24CA$8.64
CA$13.38
+54.9%
16.9%CA$17.47CA$10.98CA$9.176
Mar ’24CA$8.90
CA$13.78
+54.8%
14.4%CA$17.29CA$11.36CA$9.196
Feb ’24CA$9.10
CA$13.62
+49.7%
14.3%CA$17.12CA$11.25CA$8.396
Jan ’24CA$8.85
CA$13.79
+55.8%
14.8%CA$17.48CA$11.48CA$7.886
Analyst Price Target
Consensus Narrative from 3 Analysts
CA$12.32
Fair Value
2.6% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/06 01:30
End of Day Share Price 2024/12/04 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Altius Renewable Royalties Corp. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas BoychukCormark Securities Inc.
Robert HopeScotiabank Global Banking and Market
Justin StrongScotiabank Global Banking and Market