TSX:ETX

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Executive Summary

Etrion Corporation, an independent power producer, develops, builds, owns, and operates solar power generation plants. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.


Similar Companies

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.


Market Performance


7 Day Return

-7.0%

ETX

2.6%

CA Renewable Energy

-0.002%

CA Market


1 Year Return

65.0%

ETX

47.2%

CA Renewable Energy

0.7%

CA Market

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.


Shareholder returns

ETXIndustryMarket
7 Day-7.0%2.6%-0.002%
30 Day17.9%9.8%11.9%
90 Day26.9%30.6%5.7%
1 Year65.0%65.0%53.1%47.2%4.4%0.7%
3 Year43.5%43.5%118.9%89.5%12.7%1.7%
5 Year-5.7%-5.7%236.7%162.2%53.8%30.2%

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

Valuation

Is Etrion undervalued compared to its fair value and its price relative to the market?

4.14x

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).


Next Steps

Future Growth

How is Etrion forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-15.2%

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


Next Steps

Past Performance

How has Etrion performed over the past 5 years?

41.4%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure


CEO

Marco Northland (61 yo)

11.17yrs

Tenure

US$857,926

Compensation

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.


Leadership Team

NamePositionTenureCompensationOwnership
Marco Northland
CEO & Director11.17yrsUS$857.93k5.63%
$ 6.2m
Christian Lacueva Canut
Chief Financial Officer2.83yrsUS$534.18kno data
Martin Oravec
Chief Investment Officer2.83yrsUS$495.13k0.072%
$ 79.7k
Giora Salita
Executive Vice President of Business Development and Mergers & Acquisitions8.33yrsUS$559.71kno data
David Ramirez
Director of Accounting and Reportingno datano datano data
David Knight
Corporate Secretary12.58yrsno datano data

8.3yrs

Average Tenure

Experienced Management: ETX's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marco Northland
CEO & Director11.17yrsUS$857.93k5.63%
$ 6.2m
Garrett Soden
Independent Director7yrsUS$37.50k0.030%
$ 33.0k
Ian Lundin
Independent Director11.17yrsUS$37.50k36%
$ 39.7m
Aksel Azrak
Independent Chairman of the Board1.83yrsUS$37.50k0.030%
$ 33.0k
Henrika Frykman
Independent Director1.83yrsUS$37.50kno data

7.0yrs

Average Tenure

53yo

Average Age

Experienced Board: ETX's board of directors are considered experienced (7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Etrion Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Etrion Corporation
  • Rue du Commerce 4
  • Geneva
  • Geneva
  • 1204
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ETXTSX (The Toronto Stock Exchange)YesCommon SharesCACADJan 1997
4QPDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1997
ETXOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKJan 1997
0OQRLSE (London Stock Exchange)YesCommon SharesGBSEKJan 1997
ETRX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1997
ETXSBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKJan 1997

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 23:18
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.