Boralex Inc.

TSX:BLX Stock Report

Market Cap: CA$2.8b

Boralex Management

Management criteria checks 4/4

Boralex's CEO is Patrick Decostre, appointed in Dec 2020, has a tenure of 3.33 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$457.19K. The average tenure of the management team and the board of directors is 2.3 years and 4.9 years respectively.

Key information

Patrick Decostre

Chief executive officer

CA$2.1m

Total compensation

CEO salary percentage30.5%
CEO tenure3.3yrs
CEO ownership0.02%
Management average tenure2.3yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

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

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

Feb 03
Estimating The Fair Value Of Boralex Inc. (TSE:BLX)

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

Dec 19
Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?

Here's Why We Think Boralex (TSE:BLX) Is Well Worth Watching

Nov 19
Here's Why We Think Boralex (TSE:BLX) Is Well Worth Watching

Boralex (TSE:BLX) Will Want To Turn Around Its Return Trends

Nov 02
Boralex (TSE:BLX) Will Want To Turn Around Its Return Trends

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

Aug 31
We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt

Boralex (TSE:BLX) Has More To Do To Multiply In Value Going Forward

Jul 19
Boralex (TSE:BLX) Has More To Do To Multiply In Value Going Forward

These 4 Measures Indicate That Boralex (TSE:BLX) Is Using Debt Extensively

May 21
These 4 Measures Indicate That Boralex (TSE:BLX) Is Using Debt Extensively

CEO Compensation Analysis

How has Patrick Decostre's remuneration changed compared to Boralex's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023CA$2mCA$626k

CA$78m

Sep 30 2023n/an/a

CA$73m

Jun 30 2023n/an/a

CA$32m

Mar 31 2023n/an/a

CA$23m

Dec 31 2022CA$2mCA$546k

CA$30m

Sep 30 2022n/an/a

CA$33m

Jun 30 2022n/an/a

CA$57m

Mar 31 2022n/an/a

CA$31m

Dec 31 2021CA$2mCA$503k

CA$17m

Sep 30 2021n/an/a

CA$26m

Jun 30 2021n/an/a

CA$40m

Mar 31 2021n/an/a

CA$50m

Dec 31 2020CA$1mCA$382k

CA$55m

Sep 30 2020n/an/a

CA$3m

Jun 30 2020n/an/a

-CA$20m

Mar 31 2020n/an/a

-CA$27m

Dec 31 2019CA$800kCA$359k

-CA$39m

Sep 30 2019n/an/a

-CA$4m

Jun 30 2019n/an/a

-CA$6m

Mar 31 2019n/an/a

-CA$21m

Dec 31 2018CA$552kCA$269k

-CA$30m

Sep 30 2018n/an/a

-CA$13m

Jun 30 2018n/an/a

CA$1m

Mar 31 2018n/an/a

CA$27m

Dec 31 2017CA$500kCA$244k

CA$22m

Compensation vs Market: Patrick's total compensation ($USD1.50M) is below average for companies of similar size in the Canadian market ($USD2.25M).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.

CEO

Patrick Decostre (50 yo)

3.3yrs

Tenure

CA$2,052,267

Compensation

Mr. Patrick Decostre serves as the President, Chief Executive Officer and Director of Boralex Inc. since December 1, 2020. He served as Chief Operating Officer of Boralex Inc. since July 2019 until Novembe...

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Decostre
President3.3yrsCA$2.05m0.016%
CA$ 457.2k
Bruno Guilmette
CFO & EVP5.3yrsCA$913.97k0.012%
CA$ 325.4k
Pascal Hurtubise
Executive VP & Chief Legal Officer6.8yrsCA$749.04k0.0068%
CA$ 190.6k
Hugues Girardin
Executive VP & GM of North America1.5yrsCA$815.97k0.012%
CA$ 334.1k
Nicolas Wolff
Executive VP & GM of Europe2.3yrsCA$889.92k0.0073%
CA$ 203.8k
Stéphane Milot
Vice President of Investors Relations5.3yrsno datano data
Isabelle Fontaine
Senior Vice President of Marketing1.5yrsno data0.0013%
CA$ 35.7k
Marie-Josée Arsenault
Executive VP and Chief People & Culture Officer2.3yrsno data0.0084%
CA$ 233.6k
Adam Rosso
Senior Vice President of Development of North Americano datano datano data
Alain Pouliot
Senior Vice President of Asset Management of North Americano datano datano data
Rabindra Mishra
Deputy Managing Director of Development Europe1.5yrsno datano data
Pascal Laprise-Demers
Senior Vice President of Corporate Strategy & Business Performance1.5yrsno data0.0015%
CA$ 41.0k

2.3yrs

Average Tenure

Experienced Management: BLX's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Patrick Decostre
President3.3yrsCA$2.05m0.016%
CA$ 457.2k
Patrick Lemaire
Director17.8yrsCA$125.00k0.032%
CA$ 906.6k
Marie Giguere
Independent Director6.4yrsCA$154.00k0.0029%
CA$ 81.5k
Ines Kolmsee
Independent Director1.9yrsCA$87.68k0.00025%
CA$ 7.0k
Alain Rheaume
Independent Chairman of the Board13.3yrsCA$219.50k0.0049%
CA$ 135.9k
Zin Smati
Independent Director2.9yrsCA$141.66k0.0078%
CA$ 217.1k
Lise Croteau
Independent Director5.9yrsCA$159.13kno data
Dany St-Pierre
Independent Director7.9yrsCA$138.50k0.0015%
CA$ 41.6k
Marie-Claude Dumas
Independent Director4.9yrsCA$160.63k0.0042%
CA$ 116.7k
Andre Courville
Independent Director4.9yrsCA$159.13k0.0060%
CA$ 168.0k
Dominique Miniere
Independent Directorless than a yearno datano data

4.9yrs

Average Tenure

63yo

Average Age

Experienced Board: BLX's board of directors are considered experienced (4.9 years average tenure).

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