Boralex Management
Management criteria checks 4/4
Boralex's CEO is Patrick Decostre, appointed in Dec 2020, has a tenure of 4.08 years. total yearly compensation is CA$2.05M, comprised of 30.5% salary and 69.5% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth CA$461.23K. The average tenure of the management team and the board of directors is 3 years and 5.7 years respectively.
Key information
Patrick Decostre
Chief executive officer
CA$2.1m
Total compensation
| CEO salary percentage | 30.5% |
| CEO tenure | 4.1yrs |
| CEO ownership | 0.02% |
| Management average tenure | 3yrs |
| Board average tenure | 5.7yrs |
Recent management updates
Recent updates
Is Boralex (TSE:BLX) A Risky Investment?
Jan 09
We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease
Oct 22Boralex Inc.'s (TSE:BLX) P/E Still Appears To Be Reasonable
Oct 04Boralex (TSE:BLX) Is Doing The Right Things To Multiply Its Share Price
Sep 19We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt
Sep 04Returns Are Gaining Momentum At Boralex (TSE:BLX)
Jun 09Boralex Inc.'s (TSE:BLX) Popularity With Investors Is Clear
Apr 09Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt
Feb 13Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital
Dec 02Here's Why Boralex (TSE:BLX) Is Weighed Down By Its Debt Load
Nov 02Returns At Boralex (TSE:BLX) Appear To Be Weighed Down
Aug 17Is Boralex (TSE:BLX) A Risky Investment?
Aug 01Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%
May 11Boralex (TSE:BLX) Has A Somewhat Strained Balance Sheet
May 02Boralex's (TSE:BLX) Returns On Capital Are Heading Higher
Apr 17Calculating The Fair Value Of Boralex Inc. (TSE:BLX)
Mar 20Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today
Feb 27Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?
Jan 27Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital
Jan 14Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today
Nov 28A Look At The Fair Value Of Boralex Inc. (TSE:BLX)
Nov 08Returns Are Gaining Momentum At Boralex (TSE:BLX)
Oct 11Boralex (TSE:BLX) Seems To Use Debt Quite Sensibly
Sep 29With EPS Growth And More, Boralex (TSE:BLX) Makes An Interesting Case
Aug 22Calculating The Intrinsic Value Of Boralex Inc. (TSE:BLX)
Aug 08Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital
Jul 07Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt
Jun 15Returns On Capital At Boralex (TSE:BLX) Have Stalled
Mar 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$89m |
| Jun 30 2024 | n/a | n/a | CA$95m |
| Mar 31 2024 | n/a | n/a | CA$100m |
| Dec 31 2023 | CA$2m | CA$626k | CA$78m |
| Sep 30 2023 | n/a | n/a | CA$55m |
| Jun 30 2023 | n/a | n/a | CA$19m |
| Mar 31 2023 | n/a | n/a | CA$13m |
| Dec 31 2022 | CA$2m | CA$546k | CA$30m |
| Sep 30 2022 | n/a | n/a | CA$33m |
| Jun 30 2022 | n/a | n/a | CA$57m |
| Mar 31 2022 | n/a | n/a | CA$31m |
| Dec 31 2021 | CA$2m | CA$503k | CA$17m |
| Sep 30 2021 | n/a | n/a | CA$26m |
| Jun 30 2021 | n/a | n/a | CA$40m |
| Mar 31 2021 | n/a | n/a | CA$50m |
| Dec 31 2020 | CA$1m | CA$382k | CA$55m |
| Sep 30 2020 | n/a | n/a | CA$3m |
| Jun 30 2020 | n/a | n/a | -CA$20m |
| Mar 31 2020 | n/a | n/a | -CA$27m |
| Dec 31 2019 | CA$800k | CA$359k | -CA$39m |
| Sep 30 2019 | n/a | n/a | -CA$4m |
| Jun 30 2019 | n/a | n/a | -CA$6m |
| Mar 31 2019 | n/a | n/a | -CA$21m |
| Dec 31 2018 | CA$552k | CA$269k | -CA$30m |
Compensation vs Market: Patrick's total compensation ($USD1.43M) is about average for companies of similar size in the Canadian market ($USD1.96M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
CEO
Patrick Decostre (51 yo)
4.1yrs
Tenure
CA$2,052,267
Compensation
Mr. Patrick Decostre serves as an Independent Director at CAE Inc. since may 16, 2024. He serves as the President, Chief Executive Officer and Director of Boralex Inc. since December 1, 2020. He served as...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | CA$2.05m | 0.016% CA$ 461.2k | |
| CFO & EVP | 6yrs | CA$913.97k | 0.012% CA$ 328.3k | |
| Executive VP & Chief Legal Officer | 7.6yrs | CA$749.04k | 0.0068% CA$ 192.3k | |
| Executive VP & GM of North America | 2.3yrs | CA$815.97k | 0.012% CA$ 337.1k | |
| Executive VP & GM of Europe | 3yrs | CA$889.92k | 0.0073% CA$ 205.6k | |
| Vice President of Investors Relations | 6yrs | no data | no data | |
| Senior Vice President of Marketing | 2.3yrs | no data | 0.0013% CA$ 36.0k | |
| Executive VP and Chief People & Culture Officer | 3yrs | no data | 0.0084% CA$ 235.7k | |
| Senior Vice President of Synergies & Special Projects | no data | no data | no data | |
| Senior Vice President of Development of North America | no data | no data | no data | |
| Senior Vice President of Asset Management of North America | no data | no data | no data | |
| Deputy Managing Director of Development Europe | 2.3yrs | no data | no data |
3.0yrs
Average Tenure
Experienced Management: BLX's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.1yrs | CA$2.05m | 0.016% CA$ 461.2k | |
| Director | 18.6yrs | CA$125.00k | 0.032% CA$ 914.6k | |
| Independent Director | 7.2yrs | CA$154.00k | 0.0029% CA$ 82.2k | |
| Independent Chairman of the Board | 14.1yrs | CA$249.70k | 0.0049% CA$ 137.1k | |
| Independent Director | 3.7yrs | CA$155.63k | 0.0078% CA$ 219.1k | |
| Independent Director | 6.7yrs | CA$159.13k | no data | |
| Independent Director | 8.7yrs | CA$138.50k | 0.0015% CA$ 42.0k | |
| Director | less than a year | no data | 0.0025% CA$ 70.4k | |
| Independent Director | 5.7yrs | CA$160.63k | 0.0042% CA$ 117.7k | |
| Independent Director | 5.7yrs | CA$159.13k | 0.0080% CA$ 224.4k | |
| Independent Director | less than a year | no data | no data |
5.7yrs
Average Tenure
64.5yo
Average Age
Experienced Board: BLX's board of directors are considered experienced (5.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/09 09:00 |
| End of Day Share Price | 2025/01/09 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Mark Westby | ATB Capital Markets |
| Benjamin Pham | BMO Capital Markets Equity Research |
| Massimo Fiore | Cantor Fitzgerald Canada Corporation |