TSX:ETX

Stock Analysis Report

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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

High growth potential with weak fundamentals.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.8%

ETX

4.2%

CA Renewable Energy

-0.6%

CA Market


1 Year Return

8.7%

ETX

38.0%

CA Renewable Energy

-7.7%

CA Market

Return vs Industry: ETX underperformed the Canadian Renewable Energy industry which returned 38% over the past year.

Return vs Market: ETX exceeded the Canadian Market which returned -7.7% over the past year.


Shareholder returns

ETXIndustryMarket
7 Day-3.8%4.2%-0.6%
30 Day6.4%1.1%-1.1%
90 Day19.0%14.7%5.6%
1 Year8.7%8.7%44.0%38.0%-4.4%-7.7%
3 Year4.2%4.2%80.7%55.3%9.1%-1.5%
5 Year-16.7%-16.7%157.5%99.2%44.6%22.4%

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?


In this section, we usually try to help investors determine whether Etrion is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Etrion has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

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

41.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ETX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: ETX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ETX's is expected to become profitable in the next 3 years.

Revenue vs Market: ETX's revenue (31.1% per year) is forecast to grow faster than the Canadian market (5.6% per year).

High Growth Revenue: ETX's revenue (31.1% 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?

34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ETX is currently unprofitable.

Growing Profit Margin: ETX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ETX is unprofitable, but has reduced losses over the past 5 years at a rate of 34.4% per year.

Accelerating Growth: Unable to compare ETX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ETX is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (15.8%).


Return on Equity

High ROE: ETX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Etrion's financial position?


Financial Position Analysis

Short Term Liabilities: ETX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ETX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ETX has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ETX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ETX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ETX has less than a year of cash runway if free cash flow continues to grow at historical rates of 28.4% each year.


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?

8.2yrs

Average management tenure


CEO

Marco Northland (61 yo)

11yrs

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 ($USD857.93K) is above average for companies of similar size in the Canadian market ($USD178.19K).

Compensation vs Earnings: Marco's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Marco Northland
CEO & Director11yrsUS$857.93k5.63%
$ 4.7m
Christian Lacueva Canut
Chief Financial Officer2.67yrsUS$534.18kno data
Martin Oravec
Chief Investment Officer2.67yrsUS$495.13k0.072%
$ 60.3k
Giora Salita
Executive Vice President of Business Development and Mergers & Acquisitions8.17yrsUS$559.71kno data
David Ramirez
Director of Accounting and Reportingno datano datano data
David Knight
Corporate Secretary12.42yrsno datano data

8.2yrs

Average Tenure

Experienced Management: ETX's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marco Northland
CEO & Director11yrsUS$857.93k5.63%
$ 4.7m
Garrett Soden
Independent Director6.83yrsUS$37.50k0.030%
$ 25.0k
Ian Lundin
Independent Director11yrsUS$37.50k36.12%
$ 30.2m
Aksel Azrac
Independent Chairman of the Board1.67yrsUS$37.50k0.030%
$ 25.0k
Henrika Frykman
Independent Director1.67yrsUS$37.50kno data

6.8yrs

Average Tenure

53yo

Average Age

Experienced Board: ETX's board of directors are considered experienced (6.8 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$83.524m
  • 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 Analysis2020/09/22 06:00
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
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.