Boralex Inc.

TSX:BLX Stock Report

Market Cap: CA$3.1b

Boralex Past Earnings Performance

Past criteria checks 5/6

Boralex has been growing earnings at an average annual rate of 47.6%, while the Renewable Energy industry saw earnings growing at 44% annually. Revenues have been growing at an average rate of 13% per year. Boralex's return on equity is 6.6%, and it has net margins of 9.5%.

Key information

47.6%

Earnings growth rate

47.7%

EPS growth rate

Renewable Energy Industry Growth16.2%
Revenue growth rate13.0%
Return on equity6.6%
Net Margin9.5%
Last Earnings Update30 Sep 2024

Recent past performance updates

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

Revenue & Expenses Breakdown

How Boralex makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:BLX Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24940897049
30 Jun 24959956743
31 Mar 249861006440
31 Dec 231,022786440
30 Sep 231,026556941
30 Jun 23954196640
31 Mar 23910136238
31 Dec 22836305533
30 Sep 22707334930
30 Jun 22731574428
31 Mar 22710313926
31 Dec 21691173724
30 Sep 21689264225
30 Jun 21667404225
31 Mar 21641504323
31 Dec 20633554423
30 Sep 2061833822
30 Jun 20605-203821
31 Mar 20603-273723
31 Dec 19574-393524
30 Sep 19541-43327
30 Jun 19526-63328
31 Mar 19500-213126
31 Dec 18479-303126
30 Sep 18461-133123
30 Jun 1845612820
31 Mar 18452272720
31 Dec 17419222517
30 Sep 17364-102214
30 Jun 17343-32115
31 Mar 17316-81914
31 Dec 16302-21813
30 Sep 1630891813
30 Jun 1630841811
31 Mar 1630151810
31 Dec 15268-111810
30 Sep 15240-231613
30 Jun 15219-171512
31 Mar 15205-161412
31 Dec 14195-141310
30 Sep 14191-7135
30 Jun 14188-6135
31 Mar 14184-3134
31 Dec 13172-6134

Quality Earnings: BLX has high quality earnings.

Growing Profit Margin: BLX's current net profit margins (9.5%) are higher than last year (5.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BLX has become profitable over the past 5 years, growing earnings by 47.6% per year.

Accelerating Growth: BLX's earnings growth over the past year (61.8%) exceeds its 5-year average (47.6% per year).

Earnings vs Industry: BLX earnings growth over the past year (61.8%) exceeded the Renewable Energy industry 0.6%.

Return on Equity

High ROE: BLX's Return on Equity (6.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 07:14
End of Day Share Price 2024/12/19 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 26 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