Executive Summary
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 5.4% per year for the next 3 years
Snowflake Analysis
Moderate growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Atlantic Power's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATP is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ATP's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
ATP
4.3%
CA Renewable Energy
1.7%
CA Market
1 Year Return
-14.9%
ATP
43.5%
CA Renewable Energy
0.2%
CA Market
Return vs Industry: ATP underperformed the Canadian Renewable Energy industry which returned 43.5% over the past year.
Return vs Market: ATP underperformed the Canadian Market which returned 0.2% over the past year.
Shareholder returns
| ATP | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 4.3% | 1.7% |
| 30 Day | -1.5% | 9.1% | 7.0% |
| 90 Day | -4.6% | 23.5% | 5.1% |
| 1 Year | -14.9%-14.9% | 49.6%43.5% | 3.9%0.2% |
| 3 Year | -16.3%-16.3% | 106.2%77.7% | 13.1%2.1% |
| 5 Year | 0.4%0.4% | 200.9%135.5% | 46.5%24.1% |
Long-Term Price Volatility Vs. Market
How volatile is Atlantic Power's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Atlantic Power (TSE:ATP) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
What Can We Learn About Atlantic Power's (TSE:ATP) CEO Compensation?1 month ago | Simply Wall St
Atlantic Power (TSE:ATP) Share Prices Have Dropped 15% In The Last Three YearsValuation
Is Atlantic Power undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATP (CA$2.68) is trading below our estimate of fair value (CA$17.14)
Significantly Below Fair Value: ATP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ATP is unprofitable, so we can't compare its PE Ratio to the CA Renewable Energy industry average.
PE vs Market: ATP is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ATP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ATP has negative assets, so we can't compare its PB Ratio to the CA Renewable Energy industry average.
Next Steps
Future Growth
How is Atlantic Power forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-5.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: ATP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ATP's is expected to become profitable in the next 3 years.
Revenue vs Market: ATP's revenue is expected to decline over the next 3 years (-3.8% per year).
High Growth Revenue: ATP's revenue is forecast to decline over the next 3 years (-3.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ATP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Atlantic Power performed over the past 5 years?
38.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATP is currently unprofitable.
Growing Profit Margin: ATP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ATP is unprofitable, but has reduced losses over the past 5 years at a rate of 38.4% per year.
Accelerating Growth: Unable to compare ATP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ATP is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (84.8%).
Return on Equity
High ROE: ATP has a negative Return on Equity (-21.21%), as it is currently unprofitable.
Next Steps
Financial Health
How is Atlantic Power's financial position?
Financial Position Analysis
Short Term Liabilities: ATP's short term assets ($89.9M) do not cover its short term liabilities ($130.9M).
Long Term Liabilities: ATP's short term assets ($89.9M) do not cover its long term liabilities ($590.2M).
Debt to Equity History and Analysis
Debt Level: ATP's debt to equity ratio (485.2%) is considered high.
Reducing Debt: ATP's debt to equity ratio has increased from 195.8% to 485.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ATP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ATP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.7% per year.
Next Steps
Dividend
What is Atlantic Power current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ATP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ATP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ATP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ATP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ATP is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Jim Moore (62 yo)
5.83yrs
Tenure
US$1,693,215
Compensation
Mr. James J. Moore, Jr., J.D. also known as Jim, has been Chief Executive Officer and President at Atlantic Power Corporation since January 26, 2015. Mr. Moore has more than 30 years of operating experienc...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.69M) is above average for companies of similar size in the Canadian market ($USD583.69K).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.83yrs | US$1.69m | 1.23% $ 2.9m | |
| Executive VP | 8.25yrs | US$1.19m | 0.62% $ 1.5m | |
| Senior VP | 4.83yrs | US$825.25k | 0.24% $ 559.9k | |
| Executive Vice President of Commercial Development | 5.17yrs | US$1.19m | 0.99% $ 2.4m | |
| Senior Vice President of Operations | 0.83yr | no data | no data | |
| Chief Administrative Officer & Senior VP | 5.17yrs | no data | 0.11% $ 264.1k | |
| Senior Vice President of Finance & Treasurer | 0.83yr | no data | no data | |
| Director of Finance | no data | no data | no data |
5.2yrs
Average Tenure
60yo
Average Age
Experienced Management: ATP's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.83yrs | US$1.69m | 1.23% $ 2.9m | |
| Independent Director | 5.42yrs | US$134.21k | 0.70% $ 1.7m | |
| Independent Chairman | 1.42yrs | US$148.56k | 0.22% $ 515.3k | |
| Independent Director | 10.42yrs | US$145.00k | 0.017% $ 40.3k | |
| Independent Director | 1.83yrs | US$117.97k | no data |
5.4yrs
Average Tenure
62yo
Average Age
Experienced Board: ATP's board of directors are considered experienced (5.4 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Atlantic Power Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Atlantic Power Corporation
- Ticker: ATP
- Exchange: TSX
- Founded: 2004
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Market Cap: CA$238.224m
- Shares outstanding: 89.22m
- Website: https://www.atlanticpower.com
Number of Employees
Location
- Atlantic Power Corporation
- 3 Allied Drive
- Suite 155
- Dedham
- Massachusetts
- 2026
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATP | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Nov 2004 |
| AT | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Nov 2004 |
| 6AW | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 2004 |
Biography
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2019, its portfolio consisted of twenty-one operating projects with an ag...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 00:05 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.