Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia.
Northland Power Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$42.27|
|52 Week High||CA$37.25|
|52 Week Low||CA$51.45|
|1 Month Change||2.92%|
|3 Month Change||1.12%|
|1 Year Change||9.99%|
|3 Year Change||89.89%|
|5 Year Change||77.75%|
|Change since IPO||302.57%|
Recent News & Updates
Returns At Northland Power (TSE:NPI) Are On The Way Up
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Northland Power (TSE:NPI) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
|NPI||CA Renewable Energy||CA Market|
Return vs Industry: NPI underperformed the Canadian Renewable Energy industry which returned 19.2% over the past year.
Return vs Market: NPI underperformed the Canadian Market which returned 29% over the past year.
Stable Share Price: NPI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NPI's weekly volatility (2%) has been stable over the past year.
About the Company
Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements. As of December 31, 2020, it owned or had economic interest in 2,681 megawatts (MW) of operating generating capacity and 130 MW of generating capacity under construction.
Northland Power Fundamentals Summary
|NPI fundamental statistics|
Is NPI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NPI income statement (TTM)|
|Cost of Revenue||CA$525.71m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.84|
|Net Profit Margin||8.75%|
How did NPI perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Does NPI pay a reliable dividends?See NPI dividend history and benchmarks
|Northland Power dividend dates|
|Ex Dividend Date||Sep 28 2021|
|Dividend Pay Date||Oct 15 2021|
|Days until Ex dividend||9 days|
|Days until Dividend pay date||26 days|
Does NPI pay a reliable dividends?See NPI dividend history and benchmarks
Is Northland Power undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NPI (CA$42.27) is trading below our estimate of fair value (CA$76.75)
Significantly Below Fair Value: NPI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NPI is poor value based on its PE Ratio (54.9x) compared to the Canadian Renewable Energy industry average (10.7x).
PE vs Market: NPI is poor value based on its PE Ratio (54.9x) compared to the Canadian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: NPI is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: NPI is overvalued based on its PB Ratio (4.3x) compared to the CA Renewable Energy industry average (2.4x).
How is Northland Power forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NPI's forecast earnings growth (55.3% per year) is above the savings rate (1.5%).
Earnings vs Market: NPI's earnings (55.3% per year) are forecast to grow faster than the Canadian market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NPI's revenue (5.6% per year) is forecast to grow slower than the Canadian market (6.1% per year).
High Growth Revenue: NPI's revenue (5.6% 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 NPI's Return on Equity is forecast to be high in 3 years time
How has Northland Power performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NPI has high quality earnings.
Growing Profit Margin: NPI's current net profit margins (8.8%) are lower than last year (19.1%).
Past Earnings Growth Analysis
Earnings Trend: NPI has become profitable over the past 5 years, growing earnings by 23% per year.
Accelerating Growth: NPI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NPI had negative earnings growth (-52.5%) over the past year, making it difficult to compare to the Renewable Energy industry average (-25.1%).
Return on Equity
High ROE: NPI's Return on Equity (9.5%) is considered low.
How is Northland Power's financial position?
Financial Position Analysis
Short Term Liabilities: NPI's short term assets (CA$1.4B) exceed its short term liabilities (CA$1.4B).
Long Term Liabilities: NPI's short term assets (CA$1.4B) do not cover its long term liabilities (CA$6.9B).
Debt to Equity History and Analysis
Debt Level: NPI's debt to equity ratio (238.6%) is considered high.
Reducing Debt: NPI's debt to equity ratio has reduced from 521.5% to 238.6% over the past 5 years.
Debt Coverage: NPI's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: NPI's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is Northland Power current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NPI's dividend (2.84%) is higher than the bottom 25% of dividend payers in the Canadian market (1.64%).
High Dividend: NPI's dividend (2.84%) is low compared to the top 25% of dividend payers in the Canadian market (4.51%).
Stability and Growth of Payments
Stable Dividend: NPI's dividend payments have been volatile in the past 10 years.
Growing Dividend: NPI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (142.7%), NPI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NPI's dividends in 3 years are forecast to be covered by earnings (82.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Mike Crawley is the Chairman at Ontario Energy Association since October 2019. Mr. Crawley serves as Chief Executive Officer at Northland Power Inc. since August 04, 2018 and has been its President sin...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD1.95M) is below average for companies of similar size in the Canadian market ($USD3.56M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: NPI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: NPI's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NPI 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 12%.
Northland Power Inc.'s employee growth, exchange listings and data sources
- Name: Northland Power Inc.
- Ticker: NPI
- Exchange: TSX
- Founded: 1987
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: CA$9.547b
- Shares outstanding: 225.86m
- Website: https://www.northlandpower.com
Number of Employees
- Northland Power Inc.
- 30 St. Clair Avenue West
- 12th Floor
- M4V 3A1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:07|
|End of Day Share Price||2021/09/17 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.