Innergex Renewable Energy Future Growth

Future criteria checks 3/6

Innergex Renewable Energy is forecast to grow earnings and revenue by 65.8% and 4% per annum respectively. EPS is expected to grow by 40.1% per annum. Return on equity is forecast to be 1% in 3 years.

Key information

65.8%

Earnings growth rate

40.1%

EPS growth rate

Renewable Energy earnings growth	37.8%
Revenue growth rate	4.0%
Future return on equity	1.0%
Analyst coverage	Low
Last updated	01 May 2024

Recent future growth updates

Recent updates

Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely

Feb 02

These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way

Jun 10

Calculating The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)

May 20

Estimating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Feb 08

Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load

Nov 11

Is Innergex Renewable Energy Inc. (TSE:INE) Expensive For A Reason? A Look At Its Intrinsic Value

Oct 12

Earnings and Revenue Growth Forecasts

TSX:INE - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,123	-42	N/A	398	1
12/31/2025	1,154	19	N/A	409	4
12/31/2024	1,056	-30	136	362	5
12/31/2023	1,042	-104	-398	298	N/A
9/30/2023	936	-35	-73	311	N/A
6/30/2023	912	-21	89	392	N/A
3/31/2023	881	-67	162	399	N/A
12/31/2022	935	-87	279	430	N/A
9/30/2022	917	-44	251	412	N/A
6/30/2022	833	-84	118	308	N/A
3/31/2022	765	-18	53	290	N/A
12/31/2021	747	-197	-24	265	N/A
9/30/2021	713	-183	-127	267	N/A
6/30/2021	691	-155	-257	252	N/A
3/31/2021	671	-199	-306	276	N/A
12/31/2020	613	-39	-316	235	N/A
9/30/2020	588	-97	-296	229	N/A
6/30/2020	569	-95	-329	201	N/A
3/31/2020	563	-99	-603	206	N/A
12/31/2019	557	-56	-616	240	N/A
9/30/2019	552	9	-575	214	N/A
6/30/2019	526	2	-440	223	N/A
3/31/2019	506	17	-38	212	N/A
12/31/2018	481	26	45	209	N/A
9/30/2018	451	14	120	247	N/A
6/30/2018	443	13	147	240	N/A
3/31/2018	428	20	117	227	N/A
12/31/2017	400	24	57	192	N/A
9/30/2017	366	26	N/A	82	N/A
6/30/2017	327	24	N/A	88	N/A
3/31/2017	305	24	N/A	72	N/A
12/31/2016	293	30	N/A	77	N/A
9/30/2016	276	-10	N/A	110	N/A
6/30/2016	269	-8	N/A	95	N/A
3/31/2016	252	0	N/A	73	N/A
12/31/2015	247	-37	N/A	5	N/A
9/30/2015	259	-27	N/A	30	N/A
6/30/2015	262	-33	N/A	36	N/A
3/31/2015	262	-64	N/A	46	N/A
12/31/2014	242	-62	N/A	88	N/A
9/30/2014	215	-37	N/A	93	N/A
6/30/2014	207	-25	N/A	94	N/A
3/31/2014	200	11	N/A	105	N/A
12/31/2013	198	41	N/A	122	N/A
9/30/2013	204	37	N/A	99	N/A
6/30/2013	193	27	N/A	77	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

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

High Growth Earnings: INE is expected to become profitable in the next 3 years.

Revenue vs Market: INE's revenue (4% per year) is forecast to grow slower than the Canadian market (6.7% per year).

High Growth Revenue: INE's revenue (4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INE's Return on Equity is forecast to be low in 3 years time (1%).

Innergex Renewable Energy Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates have been downgraded.

No longer forecast to breakeven

Price target decreased by 7.0% to CA$13.28

No longer forecast to breakeven

Consensus EPS estimates fall by 19%

Forecast breakeven date pushed back to 2025

Recent updates

Innergex Renewable Energy Inc. to Report Q1, 2024 Results on May 08, 2024

Upcoming dividend of CA$0.09 per share

Innergex Renewable Energy Inc., Annual General Meeting, May 08, 2024

Consensus EPS estimates have been downgraded.

Fourth quarter dividend of CA$0.09 announced

No longer forecast to breakeven

Full year 2023 earnings: EPS and revenues miss analyst expectations

New minor risk - Financial position

Price target decreased by 7.0% to CA$13.28

New major risk - Revenue and earnings growth

No longer forecast to breakeven

Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely

Consensus EPS estimates fall by 19%

Now 21% overvalued after recent price rise

New minor risk - Profitability

Innergex Renewable Energy Inc. to Report Q4, 2023 Results on Feb 21, 2024

Forecast breakeven date pushed back to 2025

Upcoming dividend of CA$0.18 per share at 8.0% yield

Consensus EPS estimates fall by 27%

A Look At The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)

Consensus EPS estimates fall by 74%, revenue upgraded

Innergex Renewable Energy Inc. Declares Cash Dividend, Payable on January 15, 2024

New major risk - Revenue and earnings growth

Price target decreased by 7.6% to CA$14.89

Price target decreased by 9.4% to CA$15.11

New major risk - Revenue and earnings growth

Now 23% undervalued after recent price drop

Innergex Renewable Energy Inc. to Report Q3, 2023 Results on Nov 08, 2023

Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load

Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Innergex Renewable Energy Inc. to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of CA$0.18 per share at 5.5% yield

Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt

Insufficient new directors

Innergex Renewable Energy Inc. Announces Dividend on Common Share, Payable on July 17, 2023

First quarter 2023 earnings: EPS misses analyst expectations

Upcoming dividend of CA$0.18 per share at 5.0% yield

President exercised options to buy CA$202k worth of stock.

President recently bought CA$127k worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Innergex Renewable Energy Inc. entered into an agreement to acquire 60 MW Sault Ste. Marie solar portfolio in Northwestern Ontario from Fengate Asset Management for approximately CAD220.

Innergex Renewable Energy Inc. to Report Q4, 2022 Results on Feb 22, 2023

Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Upcoming dividend of CA$0.18 per share

Innergex Renewable Energy Inc. (TSX:INE) acquired remaining 37.75% stake in Portfolio of Six Operating Wind Farms in Elmore County, Idaho for $47.5 million.

Independent Director recently sold CA$4.5m worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Innergex Renewable Energy Inc. Announces Dividend, Payable on January 16, 2023

Innergex Renewable Energy Inc. to Report Q3, 2022 Results on Nov 07, 2022

Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Now 20% undervalued after recent price drop

Innergex Renewable Energy Inc. (TSX:INE) completed the acquisition of remaining 30.45% stake in 131MW French Wind Portfolio from Desjardins Group Pension Plan.

Innergex Renewable Energy Inc. (TSX:INE) entered into an agreement to acquire remaining 30.45% stake in 131MW French Wind Portfolio from Desjardins Group Pension Plan for CAD 96.4 million.

Upcoming dividend of CA$0.18 per share

A Look At The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Forecast breakeven date pushed back to 2023

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Innergex Renewable Energy Inc. Announces Dividend on Common Share, Payable on October 17, 2022

Innergex Renewable Energy Inc. to Report Q2, 2022 Results on Aug 03, 2022

Upcoming dividend of CA$0.18 per share

These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way

Innergex Renewable Energy Inc. (TSX:INE) completed the acquisition of Aela Generación S.A./Aela Energía SpA from Actis LLP and Mainstream Renewable Power Limited.

Calculating The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)

Innergex Renewable Energy Inc. Announces Dividend on Common Share, Payable on July 15, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Innergex Renewable Energy Inc. to Report Q1, 2022 Results on May 10, 2022

Innergex Renewable Energy Inc. Announces Executive Changes