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Innergex Renewable Energy Past Earnings Performance
Past criteria checks 2/6
Innergex Renewable Energy has been growing earnings at an average annual rate of 17%, while the Renewable Energy industry saw earnings growing at 29.6% annually. Revenues have been growing at an average rate of 13.6% per year. Innergex Renewable Energy's return on equity is 4%, and it has net margins of 3.7%.
Key information
17.01%
Earnings growth rate
22.73%
EPS growth rate
| Renewable Energy Industry Growth | 16.24% |
| Revenue growth rate | 13.56% |
| Return on equity | 4.03% |
| Net Margin | 3.75% |
| Last Earnings Update | 31 Mar 2025 |
Recent past performance updates
Recent updates
Boswell Springs And Hale Kuawehi Will Secure Future Success
Strong project pipeline and PPAs in Canada enhance future revenue predictability and EBITDA growth, leveraging First Nations relations.Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Unpleasant Surprises Could Be In Store For Innergex Renewable Energy Inc.'s (TSE:INE) Shares
With a median price-to-sales (or "P/S") ratio of close to 2.4x in the Renewable Energy industry in Canada, you could be...Improved Revenues Required Before Innergex Renewable Energy Inc. (TSE:INE) Stock's 27% Jump Looks Justified
The Innergex Renewable Energy Inc. ( TSE:INE ) share price has done very well over the last month, posting an excellent...These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely
With a price-to-sales (or "P/S") ratio of 2.1x Innergex Renewable Energy Inc. ( TSE:INE ) may be sending bullish...A Look At The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)
Key Insights Innergex Renewable Energy's estimated fair value is CA$7.79 based on 2 Stage Free Cash Flow to Equity...Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Key Insights The projected fair value for Innergex Renewable Energy is CA$14.35 based on 2 Stage Free Cash Flow to...Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Innergex Renewable...Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Revenue & Expenses Breakdown
How Innergex Renewable Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 25 | 1,060 | 40 | 75 | 0 |
| 31 Dec 24 | 1,031 | 10 | 68 | 0 |
| 30 Sep 24 | 1,023 | -133 | 68 | 0 |
| 30 Jun 24 | 1,056 | -132 | 67 | 0 |
| 31 Mar 24 | 1,066 | -131 | 65 | 0 |
| 31 Dec 23 | 1,042 | -104 | 69 | 0 |
| 30 Sep 23 | 1,000 | -35 | 68 | 0 |
| 30 Jun 23 | 977 | -21 | 65 | 0 |
| 31 Mar 23 | 946 | -67 | 59 | 0 |
| 31 Dec 22 | 935 | -87 | 53 | 0 |
| 30 Sep 22 | 917 | -44 | 52 | 0 |
| 30 Jun 22 | 833 | -84 | 49 | 0 |
| 31 Mar 22 | 765 | -18 | 49 | 0 |
| 31 Dec 21 | 747 | -197 | 45 | 0 |
| 30 Sep 21 | 713 | -183 | 42 | 0 |
| 30 Jun 21 | 691 | -155 | 43 | 0 |
| 31 Mar 21 | 671 | -199 | 42 | 0 |
| 31 Dec 20 | 613 | -39 | 43 | 0 |
| 30 Sep 20 | 588 | -97 | 44 | 0 |
| 30 Jun 20 | 569 | -95 | 40 | 0 |
| 31 Mar 20 | 563 | -99 | 38 | 0 |
| 31 Dec 19 | 557 | -56 | 37 | 0 |
| 30 Sep 19 | 552 | 9 | 33 | 0 |
| 30 Jun 19 | 526 | 2 | 32 | 0 |
| 31 Mar 19 | 506 | 17 | 30 | 0 |
| 31 Dec 18 | 481 | 26 | 28 | 0 |
| 30 Sep 18 | 451 | 14 | 24 | 0 |
| 30 Jun 18 | 443 | 13 | 22 | 0 |
| 31 Mar 18 | 428 | 20 | 20 | 0 |
| 31 Dec 17 | 400 | 24 | 18 | 0 |
| 30 Sep 17 | 366 | 26 | 19 | 0 |
| 30 Jun 17 | 327 | 24 | 17 | 0 |
| 31 Mar 17 | 305 | 24 | 16 | 0 |
| 31 Dec 16 | 293 | 30 | 15 | 0 |
| 30 Sep 16 | 276 | -10 | 14 | 0 |
| 30 Jun 16 | 269 | -8 | 14 | 0 |
| 31 Mar 16 | 252 | 0 | 14 | 0 |
| 31 Dec 15 | 247 | -37 | 14 | 0 |
| 30 Sep 15 | 259 | -27 | 16 | 0 |
| 30 Jun 15 | 262 | -33 | 16 | 0 |
| 31 Mar 15 | 262 | -64 | 16 | 0 |
| 31 Dec 14 | 242 | -62 | 15 | 0 |
| 30 Sep 14 | 215 | -37 | 13 | 0 |
Quality Earnings: INE has a large one-off loss of CA$31.3M impacting its last 12 months of financial results to 31st March, 2025.
Growing Profit Margin: INE became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: INE has become profitable over the past 5 years, growing earnings by 17% per year.
Accelerating Growth: INE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: INE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-52.5%).
Return on Equity
High ROE: INE's Return on Equity (4%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/21 02:28 |
| End of Day Share Price | 2025/07/21 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Innergex Renewable Energy Inc. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Westby | ATB Cormark |
| Nicholas Boychuk | ATB Cormark Historical (Cormark Securities) |
| David Galison | Canaccord Genuity |