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Boralex TSX:BLX Stock Report

Last Price

CA$29.21

Market Cap

CA$3.0b

7D

-1.2%

1Y

-12.2%

Updated

24 Dec, 2024

Data

Company Financials +

Boralex Inc.

TSX:BLX Stock Report

Market Cap: CA$3.0b

BLX Stock Overview

Engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. More details

BLX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance5/6
Financial Health1/6
Dividends4/6

Rewards

Trading at 72.6% below our estimate of its fair value

Earnings are forecast to grow 18.67% per year

Earnings grew by 61.8% over the past year

Analysts in good agreement that stock price will rise by 43.8%

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 2.26% is not well covered by free cash flows


My Notes

Capture your thoughts, links and company narrative

Boralex Inc. Competitors

TransAlta Renewables

TSX:RNW

CA$3.3b

Polaris Renewable Energy

TSX:PIF

CA$277.3m

Westbridge Renewable Energy

TSXV:WEB

CA$82.0m

TransAlta

TSX:TA

CA$5.9b

Price History & Performance

Summary of share price highs, lows and changes for Boralex
Historical stock prices
Current Share PriceCA$29.21
52 Week HighCA$36.68
52 Week LowCA$26.25
Beta0.37
1 Month Change-2.11%
3 Month Change-17.46%
1 Year Change-12.15%
3 Year Change-16.97%
5 Year Change19.42%
Change since IPO678.93%

Recent News & Updates

We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease

Oct 22
We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease

Recent updates

We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease

Oct 22
We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease

Boralex Inc.'s (TSE:BLX) P/E Still Appears To Be Reasonable

Oct 04
Boralex Inc.'s (TSE:BLX) P/E Still Appears To Be Reasonable

Boralex (TSE:BLX) Is Doing The Right Things To Multiply Its Share Price

Sep 19
Boralex (TSE:BLX) Is Doing The Right Things To Multiply Its Share Price

We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt

Sep 04
We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt

Returns Are Gaining Momentum At Boralex (TSE:BLX)

Jun 09
Returns Are Gaining Momentum At Boralex (TSE:BLX)

Boralex Inc.'s (TSE:BLX) Popularity With Investors Is Clear

Apr 09
Boralex Inc.'s (TSE:BLX) Popularity With Investors Is Clear

Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt

Feb 13
Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt

Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Dec 02
Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Here's Why Boralex (TSE:BLX) Is Weighed Down By Its Debt Load

Nov 02
Here's Why Boralex (TSE:BLX) Is Weighed Down By Its Debt Load

Returns At Boralex (TSE:BLX) Appear To Be Weighed Down

Aug 17
Returns At Boralex (TSE:BLX) Appear To Be Weighed Down

Is Boralex (TSE:BLX) A Risky Investment?

Aug 01
Is Boralex (TSE:BLX) A Risky Investment?

Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%

May 11
Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%

Boralex (TSE:BLX) Has A Somewhat Strained Balance Sheet

May 02
Boralex (TSE:BLX) Has A Somewhat Strained Balance Sheet

Boralex's (TSE:BLX) Returns On Capital Are Heading Higher

Apr 17
Boralex's (TSE:BLX) Returns On Capital Are Heading Higher

Calculating The Fair Value Of Boralex Inc. (TSE:BLX)

Mar 20
Calculating The Fair Value Of Boralex Inc. (TSE:BLX)

Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today

Feb 27
Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today

Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?

Jan 27
Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?

Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Jan 14
Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today

Nov 28
Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today

A Look At The Fair Value Of Boralex Inc. (TSE:BLX)

Nov 08
A Look At The Fair Value Of Boralex Inc. (TSE:BLX)

Returns Are Gaining Momentum At Boralex (TSE:BLX)

Oct 11
Returns Are Gaining Momentum At Boralex (TSE:BLX)

Boralex (TSE:BLX) Seems To Use Debt Quite Sensibly

Sep 29
Boralex (TSE:BLX) Seems To Use Debt Quite Sensibly

With EPS Growth And More, Boralex (TSE:BLX) Makes An Interesting Case

Aug 22
With EPS Growth And More, Boralex (TSE:BLX) Makes An Interesting Case

Calculating The Intrinsic Value Of Boralex Inc. (TSE:BLX)

Aug 08
Calculating The Intrinsic Value Of Boralex Inc. (TSE:BLX)

Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Jul 07
Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt

Jun 15
Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt

Returns On Capital At Boralex (TSE:BLX) Have Stalled

Mar 06
Returns On Capital At Boralex (TSE:BLX) Have Stalled

Shareholder Returns

BLXCA Renewable EnergyCA Market
7D-1.2%-1.1%-1.4%
1Y-12.2%6.9%15.9%

Return vs Industry: BLX underperformed the Canadian Renewable Energy industry which returned 6.9% over the past year.

Return vs Market: BLX underperformed the Canadian Market which returned 15.9% over the past year.

Price Volatility

Is BLX's price volatile compared to industry and market?
BLX volatility
BLX Average Weekly Movement3.3%
Renewable Energy Industry Average Movement4.8%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market2.9%

Stable Share Price: BLX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: BLX's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982809Patrick Decostrewww.boralex.com

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.

Boralex Inc. Fundamentals Summary

How do Boralex's earnings and revenue compare to its market cap?
BLX fundamental statistics
Market capCA$3.00b
Earnings (TTM)CA$89.00m
Revenue (TTM)CA$940.00m

33.7x

P/E Ratio

3.2x

P/S Ratio

Is BLX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BLX income statement (TTM)
RevenueCA$940.00m
Cost of RevenueCA$260.00m
Gross ProfitCA$680.00m
Other ExpensesCA$591.00m
EarningsCA$89.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.87
Gross Margin72.34%
Net Profit Margin9.47%
Debt/Equity Ratio169.6%

How did BLX perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

76%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 21:47
End of Day Share Price 2024/12/24 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

Boralex Inc. is covered by 25 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark WestbyATB Capital Markets
Benjamin PhamBMO Capital Markets Equity Research
Massimo FioreCantor Fitzgerald Canada Corporation