TSX:ETX

Stock Analysis Report

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Market Cap

CA$137.0m

Last Updated

2021/08/01 22:17 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with acceptable track record.


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 less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ETX's weekly volatility has decreased from 15% to 3% over the past year.


Market Performance


7 Day Return

0%

ETX

1.3%

CA Renewable Energy

1.4%

CA Market


1 Year Return

82.2%

ETX

27.6%

CA Renewable Energy

29.1%

CA Market

Return vs Industry: ETX exceeded the Canadian Renewable Energy industry which returned 27.6% over the past year.

Return vs Market: ETX exceeded the Canadian Market which returned 29% over the past year.


Shareholder returns

ETXIndustryMarket
7 Day0%1.3%1.4%
30 Day-1.2%2.3%-0.5%
90 Day2.5%5.7%3.0%
1 Year82.2%82.2%31.6%27.6%33.0%29.1%
3 Year51.9%51.9%122.5%94.4%31.5%18.7%
5 Year39.0%39.0%144.8%92.8%51.9%29.5%

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?

5.71x

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 (5.7x) compared to the Canadian Renewable Energy industry average (18.4x).

PE vs Market: ETX is good value based on its PE Ratio (5.7x) compared to the Canadian market (13.6x).


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 (5.7x) compared to the CA Renewable Energy industry average (2.7x).


Future Growth

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

-24.7%

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 (-24.7% per year).

Earnings vs Market: ETX's earnings are forecast to decline over the next 3 years (-24.7% per year).

High Growth Earnings: ETX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ETX's revenue (45.2% per year) is forecast to grow faster than the Canadian market (5.2% per year).

High Growth Revenue: ETX's revenue (45.2% 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


Past Performance

How has Etrion performed over the past 5 years?

51.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ETX has a large one-off gain of $35.2M impacting its March 31 2021 financial results.

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 51.7% 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 (-34.5%).


Return on Equity

High ROE: ETX's Return on Equity (100.1%) is considered outstanding.


Financial Health

How is Etrion's financial position?


Financial Position Analysis

Short Term Liabilities: ETX's short term assets ($323.0M) exceed its short term liabilities ($303.8M).

Long Term Liabilities: ETX's short term assets ($323.0M) exceed its long term liabilities ($1.1M).


Debt to Equity History and Analysis

Debt Level: ETX is debt free.

Reducing Debt: ETX currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: ETX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ETX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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?

9.0yrs

Average management tenure


CEO

Marco Northland (62 yo)

11.83yrs

Tenure

US$1,365,130

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 ($USD1.37M) is above average for companies of similar size in the Canadian market ($USD165.99K).

Compensation vs Earnings: Marco's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ETX's management team is seasoned and experienced (9 years average tenure).


Board Members

Experienced Board: ETX's board of directors are considered experienced (7.2 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$136.979m
  • Shares outstanding: 334.09m
  • Website: https://www.etrion.com

Number of Employees


Location

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

Listings


Biography

Etrion Corporation operates as an independent power producer that develops, builds, owns, and operates power generation plants. The company owns 57 megawatts of net installed solar capacity and 45 megawatt...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 22:17
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.