INE Stock Overview
Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile.
Innergex Renewable Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$19.59|
|52 Week High||CA$22.03|
|52 Week Low||CA$15.89|
|1 Month Change||6.35%|
|3 Month Change||19.31%|
|1 Year Change||-2.49%|
|3 Year Change||30.77%|
|5 Year Change||33.81%|
|Change since IPO||135.17%|
Recent News & Updates
|INE||CA Renewable Energy||CA Market|
Return vs Industry: INE underperformed the Canadian Renewable Energy industry which returned 3.5% over the past year.
Return vs Market: INE underperformed the Canadian Market which returned -1.2% over the past year.
|INE Average Weekly Movement||3.0%|
|Renewable Energy Industry Average Movement||4.5%|
|Market Average Movement||10.8%|
|10% most volatile stocks in CA Market||19.4%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: INE is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: INE's weekly volatility (3%) has been stable over the past year.
About the Company
Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
Innergex Renewable Energy Fundamentals Summary
|INE fundamental statistics|
Is INE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|INE income statement (TTM)|
|Cost of Revenue||CA$203.19m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.41|
|Net Profit Margin||-10.56%|
How did INE perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Does INE pay a reliable dividends?See INE dividend history and benchmarks
|Innergex Renewable Energy dividend dates|
|Ex Dividend Date||Sep 28 2022|
|Dividend Pay Date||Oct 17 2022|
|Days until Ex dividend||49 days|
|Days until Dividend pay date||68 days|
Does INE pay a reliable dividends?See INE dividend history and benchmarks
Is INE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for INE?
Other financial metrics that can be useful for relative valuation.
|What is INE's n/a Ratio?|
Price to Sales Ratio vs Peers
How does INE's PS Ratio compare to its peers?
|INE PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
RNW TransAlta Renewables
NPI Northland Power
BEPC Brookfield Renewable
INE Innergex Renewable Energy
Price-To-Sales vs Peers: INE is good value based on its Price-To-Sales Ratio (5x) compared to the peer average (6.1x).
Price to Earnings Ratio vs Industry
How does INE's PE Ratio compare vs other companies in the CA Renewable Energy Industry?
Price-To-Sales vs Industry: INE is expensive based on its Price-To-Sales Ratio (5x) compared to the Canadian Renewable Energy industry average (4.2x)
Price to Sales Ratio vs Fair Ratio
What is INE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||5x|
|Fair PS Ratio||4.1x|
Price-To-Sales vs Fair Ratio: INE is expensive based on its Price-To-Sales Ratio (5x) compared to the estimated Fair Price-To-Sales Ratio (4.1x).
Share Price vs Fair Value
What is the Fair Price of INE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: INE (CA$19.59) is trading below our estimate of fair value (CA$21.16)
Significantly Below Fair Value: INE is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Innergex Renewable Energy forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
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 (1.6%).
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 (3.5% per year) is forecast to grow slower than the Canadian market (6.3% per year).
High Growth Revenue: INE's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if INE's Return on Equity is forecast to be high in 3 years time
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How has Innergex Renewable Energy performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INE is currently unprofitable.
Growing Profit Margin: INE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: INE is unprofitable, and losses have increased over the past 5 years at a rate of 59.7% per year.
Accelerating Growth: Unable to compare INE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: INE is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (4.8%).
Return on Equity
High ROE: INE has a negative Return on Equity (-4.92%), as it is currently unprofitable.
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How is Innergex Renewable Energy's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: INE's short term assets (CA$501.4M) do not cover its short term liabilities (CA$648.2M).
Long Term Liabilities: INE's short term assets (CA$501.4M) do not cover its long term liabilities (CA$6.2B).
Debt to Equity History and Analysis
Debt Level: INE's net debt to equity ratio (346.9%) is considered high.
Reducing Debt: INE's debt to equity ratio has reduced from 662.9% to 361.3% over the past 5 years.
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: Whilst unprofitable INE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: INE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.4% per year.
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What is Innergex Renewable Energy current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: INE's dividend (3.68%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: INE's dividend (3.68%) is low compared to the top 25% of dividend payers in the Canadian market (5.36%).
Stability and Growth of Payments
Stable Dividend: INE's dividends per share have been stable in the past 10 years.
Growing Dividend: INE's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: INE is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (124.3%), INE's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michel Letellier (57 yo)
Mr. Michel Letellier, MBA, has been the Chief Executive Officer and President of Innergex Renewable Energy Inc. since October 25, 2007. Mr. Letellier is responsible for providing strategic leadership and o...
CEO Compensation Analysis
Compensation vs Market: Michel's total compensation ($USD1.55M) is below average for companies of similar size in the Canadian market ($USD3.64M).
Compensation vs Earnings: Michel's compensation has been consistent with company performance over the past year.
Experienced Management: INE's management team is considered experienced (4.9 years average tenure).
Experienced Board: INE's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: INE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.5%.
Innergex Renewable Energy Inc.'s employee growth, exchange listings and data sources
- Name: Innergex Renewable Energy Inc.
- Ticker: INE
- Exchange: TSX
- Founded: 1990
- Industry: Renewable Electricity
- Sector: Utilities
- Implied Market Cap: CA$3.999b
- Shares outstanding: 204.12m
- Website: https://www.innergex.com
Number of Employees
- Innergex Renewable Energy Inc.
- 1225 Saint-Charles Street West
- 10th Floor
- J4K 0B9
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 00:00|
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.