Etrion Corporation, an independent power producer, develops, builds, owns, and operates solar power generation plants. More Details
+ 1 more risk
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Etrion's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ETX is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: ETX's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
7 Day Return
CA Renewable Energy
1 Year Return
CA Renewable Energy
Return vs Industry: ETX exceeded the Canadian Renewable Energy industry which returned 46.7% over the past year.
Return vs Market: ETX exceeded the Canadian Market which returned -0.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Etrion's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWe're Not Counting On Etrion (TSE:ETX) To Sustain Its Statutory Profitability
4 months ago | Simply Wall StEtrion's(TSE:ETX) Share Price Is Down 49% Over The Past Five Years.
5 months ago | Simply Wall StDid Etrion Corporation (TSE:ETX) Insiders Buy Up More Shares?
Is Etrion undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ETX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ETX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ETX is good value based on its PE Ratio (4.1x) compared to the CA Renewable Energy industry average (14.1x).
PE vs Market: ETX is good value based on its PE Ratio (4.1x) compared to the Canadian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: ETX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ETX is overvalued based on its PB Ratio (3.4x) compared to the CA Renewable Energy industry average (1.9x).
How is Etrion forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ETX's earnings are forecast to decline over the next 3 years (-15.2% per year).
Earnings vs Market: ETX's earnings are forecast to decline over the next 3 years (-15.2% per year).
High Growth Earnings: ETX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ETX's revenue (32.7% per year) is forecast to grow faster than the Canadian market (6.2% per year).
High Growth Revenue: ETX's revenue (32.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ETX's Return on Equity is forecast to be high in 3 years time
How has Etrion performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ETX has a high level of non-cash earnings.
Growing Profit Margin: ETX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ETX has become profitable over the past 5 years, growing earnings by 41.4% per year.
Accelerating Growth: ETX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ETX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (20.7%).
Return on Equity
High ROE: Whilst ETX's Return on Equity (81.4%) is outstanding, this metric is skewed due to their high level of debt.
How is Etrion's financial position?
Financial Position Analysis
Short Term Liabilities: ETX's short term assets ($385.3M) exceed its short term liabilities ($360.5M).
Long Term Liabilities: ETX's short term assets ($385.3M) exceed its long term liabilities ($1.0M).
Debt to Equity History and Analysis
Debt Level: ETX's debt to equity ratio (121.3%) is considered high.
Reducing Debt: ETX's debt to equity ratio has reduced from 2858.4% to 121.3% over the past 5 years.
Debt Coverage: ETX's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: Insufficient data to determine if ETX's interest payments on its debt are well covered by EBIT.
What is Etrion current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ETX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ETX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ETX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ETX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ETX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marco Northland (61 yo)
Mr. Marco Antonio Northland has been the Chief Executive Officer at Etrion Corporation since September 11, 2009. Mr. Northland served as the Chief Executive Officer at Etrion SA from October 2008 to Septem...
CEO Compensation Analysis
Compensation vs Market: Marco's total compensation ($USD857.93K) is above average for companies of similar size in the Canadian market ($USD165.57K).
Compensation vs Earnings: Marco's compensation has been consistent with company performance over the past year.
|CEO & Director||11.17yrs||US$857.93k||5.63% |
|Chief Financial Officer||2.83yrs||US$534.18k||no data|
|Chief Investment Officer||2.83yrs||US$495.13k||0.072% |
|Executive Vice President of Business Development and Mergers & Acquisitions||8.33yrs||US$559.71k||no data|
|Director of Accounting and Reporting||no data||no data||no data|
|Corporate Secretary||12.58yrs||no data||no data|
Experienced Management: ETX's management team is seasoned and experienced (8.3 years average tenure).
|CEO & Director||11.17yrs||US$857.93k||5.63% |
|Independent Director||7yrs||US$37.50k||0.030% |
|Independent Director||11.17yrs||US$37.50k||36% |
|Independent Chairman of the Board||1.83yrs||US$37.50k||0.030% |
|Independent Director||1.83yrs||US$37.50k||no data|
Experienced Board: ETX's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Etrion Corporation's company bio, employee growth, exchange listings and data sources
- Name: Etrion Corporation
- Ticker: ETX
- Exchange: TSX
- Founded: 1993
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: CA$110.251m
- Shares outstanding: 334.09m
- Website: https://www.etrion.com
Number of Employees
- Etrion Corporation
- Rue du Commerce 4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ETX||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 1997|
|4QP||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1997|
|ETX||OM (OMX Nordic Exchange Stockholm)||Yes||Common Shares||SE||SEK||Jan 1997|
|0OQR||LSE (London Stock Exchange)||Yes||Common Shares||GB||SEK||Jan 1997|
|ETRX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 1997|
|ETXS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||SEK||Jan 1997|
Etrion Corporation, an independent power producer, develops, builds, owns, and operates solar power generation plants. The company owns 57 megawatts of installed solar capacity in Japan. It sells its elect...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/01 23:18|
|End of Day Share Price||2020/12/01 00:00|
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.