Capital Power (TSX:CPX.PRA) - Stock Price, News & Analysis

CPX.PRA Stock Overview

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States.

About the company

CPX.PRA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	2/6
Dividends	5/6

Rewards

Trading at 17.5% below our estimate of its fair value

Earnings have grown 36.2% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 12.6% per year for the next 3 years

Debt is not well covered by operating cash flow

Dividend of 6.92% is not well covered by cash flows

Shareholders have been diluted in the past year

Capital Power Corporation Competitors

TransAlta

TSX:TA

CA$2.8b

Maxim Power

TSX:MXG

CA$215.3m

Boralex

TSX:BLX

CA$2.8b

TransAlta Renewables

TSX:RNW

CA$3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Capital Power
Historical stock prices
Current Share Price	CA$15.10
52 Week High	CA$15.15
52 Week Low	CA$12.30
Beta	0.57
1 Month Change	3.07%
3 Month Change	6.34%
1 Year Change	16.06%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-10.12%

Recent updates

Shareholder Returns

	CPX.PRA	CA Renewable Energy	CA Market
7D	-0.1%	5.5%	-0.5%
1Y	16.1%	-24.1%	5.3%

Return vs Industry: CPX.PRA exceeded the Canadian Renewable Energy industry which returned -28.9% over the past year.

Return vs Market: CPX.PRA exceeded the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is CPX.PRA's price volatile compared to industry and market?
CPX.PRA volatility
CPX.PRA Average Weekly Movement	1.9%
Renewable Energy Industry Average Movement	4.9%
Market Average Movement	8.9%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: CPX.PRA has not had significant price volatility in the past 3 months.

Volatility Over Time: CPX.PRA's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1891	755	Avik Dey	www.capitalpower.com

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.

Capital Power Corporation Fundamentals Summary

How do Capital Power's earnings and revenue compare to its market cap?
CPX.PRA fundamental statistics
Market cap	CA$4.64b
Earnings (TTM)	CA$629.00m
Revenue (TTM)	CA$3.92b

7.3x

P/E Ratio

1.2x

P/S Ratio

Is CPX.PRA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CPX.PRA income statement (TTM)
Revenue	CA$3.92b
Cost of Revenue	CA$2.28b
Gross Profit	CA$1.64b
Other Expenses	CA$1.01b
Earnings	CA$629.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	4.87
Gross Margin	41.84%
Net Profit Margin	16.05%
Debt/Equity Ratio	148.5%

How did CPX.PRA perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

34%

Payout Ratio

CPX.PRA Stock Overview

Rewards

Risk Analysis

Capital Power Corporation Competitors

TSX:TA

CA$2.8b

TSX:MXG

CA$215.3m

TSX:BLX

CA$2.8b

TSX:RNW

CA$3.3b

Price History & Performance

Recent News & Updates

Capital Power Corporation to Report Q1, 2024 Results on May 01, 2024

Capital Power Corporation Declares a Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

Capital Power Corporation, Annual General Meeting, Apr 30, 2024

Capital Power Corporation (TSX:CPX) completed the acquisition of CXA La Paloma, LLC from CSG Investments, Inc.

Capital Power Corporation to Report Q4, 2023 Results on Feb 28, 2024

Capital Power Corporation (TSX:CPX) completed the acquisition of 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership for $97.5 million.

Recent updates

Capital Power Corporation to Report Q1, 2024 Results on May 01, 2024

Capital Power Corporation Declares a Dividend for the Quarter Ending March 31, 2024, Payable on April 30, 2024

Capital Power Corporation, Annual General Meeting, Apr 30, 2024

Capital Power Corporation (TSX:CPX) completed the acquisition of CXA La Paloma, LLC from CSG Investments, Inc.

Capital Power Corporation to Report Q4, 2023 Results on Feb 28, 2024

Capital Power Corporation (TSX:CPX) completed the acquisition of 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership for $97.5 million.

Capital Power Corporation (TSX:CPX) completed the acquisition of 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership for $97.5 million.

Capital Power Corporation has completed a Follow-on Equity Offering in the amount of CAD 300.01995 million.

Capital Power Corporation has filed a Follow-on Equity Offering in the amount of CAD 300.01995 million.

Capital Power Corporation (TSX:CPX) entered into a definitive agreement to acquire 1,062 MW La Paloma natural gas-fired generation facility in Kern County, California of CSG Investments, Inc.

Capital Power Corporation Declares Dividend for the Quarter Ending December 31, 2023, Payable on January 31, 2024

Capital Power Corporation (TSX:CPX) entered into an agreement to acquire a 50.15% stake in Frederickson Power LP from Atlantic Power Limited Partnership for $100 million.

Capital Power Corporation to Report Q3, 2023 Results on Nov 01, 2023

Capital Power Corporation Declares Dividend for the Third Quarter 2023, Payable on October 31, 2023

Capital Power Corporation Announces Board Changes

Capital Power Corporation to Report Q2, 2023 Results on Aug 02, 2023

Capital Power Corporation Provides an Update on the Genesee Repowering Project

Capital Power Corporation, Annual General Meeting, Apr 28, 2023

Capital Power Corporation to Report Q4, 2022 Results on Mar 01, 2023

Capital Power Corporation Declares Dividend for the Quarter Ending December 30, 2022, Payable on January 31, 2023

Capital Power Corporation to Report Q3, 2022 Results on Oct 31, 2022

Capital Power Corporation (TSX:CPX) and Manulife Infrastructure Fund II, L.P., managed by Manulife Investment Management completed the acquisition of Midland Cogeneration Venture Limited Partnership from OMERS Infrastructure Management Inc. and others.

Capital Power Corporation Increases Annual Dividend Growth Guidance

Capital Power Corporation (TSX:CPX) and Manulife Infrastructure Fund II, L.P., managed by Manulife Investment Management signed an agreement to acquire Midland Cogeneration Venture Limited Partnership from OMERS Infrastructure Management Inc. and others for approximately $890 million.

Capital Power Corporation to Report Q2, 2022 Results on Aug 02, 2022

Capital Power Corporation Announces Appointment of Gary Bosgoed to Its Board of Directors, Effective June 1, 2022

Capital Power Corporation Announces Appointment of Gary Bosgoed to Its Board of Directors, Effective June 1, 2022

Capital Power Corporation Declares Dividend for the Quarter Ending June 30, 2022, Payable on July 29, 2022

Capital Power Corporation to Report Q1, 2022 Results on May 02, 2022

Capital Power Corporation Declares Dividend for the Quarter Ending March 31, 2022, Payable on April 29, 2022

Capital Power Corporation, Annual General Meeting, Apr 29, 2022

Shareholder Returns

Price Volatility

About the Company

Capital Power Corporation Fundamentals Summary

7.3x

1.2x

Earnings & Revenue

Dividends

6.9%

34%