Polaris Infrastructure Inc., a renewable energy company, acquires, explores for, develops, and operates geothermal and hydroelectric energy projects in Latin America. More Details
Very undervalued with solid track record.
Share Price & News
How has Polaris Infrastructure's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PIF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PIF's weekly volatility (4%) has been stable over the past year.
7 Day Return
CA Renewable Energy
1 Year Return
CA Renewable Energy
Return vs Industry: PIF underperformed the Canadian Renewable Energy industry which returned 48.1% over the past year.
Return vs Market: PIF exceeded the Canadian Market which returned 0.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Polaris Infrastructure's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StCan Polaris Infrastructure (TSE:PIF) Continue To Grow Its Returns On Capital?
2 weeks ago | Simply Wall StEarnings Miss: Polaris Infrastructure Inc. Missed EPS By 20% And Analysts Are Revising Their Forecasts
1 month ago | Simply Wall StIs It Too Late To Consider Buying Polaris Infrastructure Inc. (TSE:PIF)?
Is Polaris Infrastructure 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: PIF (CA$17.15) is trading below our estimate of fair value (CA$70.16)
Significantly Below Fair Value: PIF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PIF is good value based on its PE Ratio (10.4x) compared to the CA Renewable Energy industry average (14.2x).
PE vs Market: PIF is good value based on its PE Ratio (10.4x) compared to the Canadian market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: PIF is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: PIF is good value based on its PB Ratio (1x) compared to the CA Renewable Energy industry average (1.9x).
How is Polaris Infrastructure forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PIF's forecast earnings growth (30.3% per year) is above the savings rate (1.7%).
Earnings vs Market: PIF's earnings (30.3% per year) are forecast to grow faster than the Canadian market (26.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PIF's revenue (5% per year) is forecast to grow slower than the Canadian market (6.2% per year).
High Growth Revenue: PIF's revenue (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 PIF's Return on Equity is forecast to be high in 3 years time
How has Polaris Infrastructure performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PIF has high quality earnings.
Growing Profit Margin: PIF's current net profit margins (27%) are higher than last year (11.2%).
Past Earnings Growth Analysis
Earnings Trend: PIF has become profitable over the past 5 years, growing earnings by 77.8% per year.
Accelerating Growth: PIF's earnings growth over the past year (148.8%) exceeds its 5-year average (77.8% per year).
Earnings vs Industry: PIF earnings growth over the past year (148.8%) exceeded the Renewable Energy industry 84.8%.
Return on Equity
High ROE: PIF's Return on Equity (9.8%) is considered low.
How is Polaris Infrastructure's financial position?
Financial Position Analysis
Short Term Liabilities: PIF's short term assets ($75.4M) exceed its short term liabilities ($31.7M).
Long Term Liabilities: PIF's short term assets ($75.4M) do not cover its long term liabilities ($233.9M).
Debt to Equity History and Analysis
Debt Level: PIF's debt to equity ratio (94.2%) is considered high.
Reducing Debt: PIF's debt to equity ratio has increased from 87.8% to 94.2% over the past 5 years.
Debt Coverage: PIF's debt is well covered by operating cash flow (22.3%).
Interest Coverage: PIF's interest payments on its debt are not well covered by EBIT (2.1x coverage).
What is Polaris Infrastructure current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PIF's dividend (4.54%) is higher than the bottom 25% of dividend payers in the Canadian market (1.62%).
High Dividend: PIF's dividend (4.54%) is low compared to the top 25% of dividend payers in the Canadian market (5.26%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PIF has been paying a dividend for less than 10 years.
Growing Dividend: PIF's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.2%), PIF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PIF's dividends in 3 years are forecast to be covered by earnings (66% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Marc Murnaghan (48 yo)
Mr. Marc Murnaghan has been the Chief Executive Officer of Polaris Infrastructure Inc. since May 13, 2015. Mr. Murnaghan is a Partner of Harrington Global Inc. Mr. Murnaghan has over 20 years of experience...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD577.72K) is about average for companies of similar size in the Canadian market ($USD593.67K).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
|CEO & Director||5.5yrs||US$577.72k||2.35% |
|Independent Director||0.42yr||no data||no data|
|Independent Chairman of the Board||0.67yr||US$50.00k||no data|
|Independent Director||9.67yrs||US$45.00k||0.019% |
|Independent Director||1.42yrs||US$33.75k||no data|
Experienced Board: PIF's board of directors are not considered experienced ( 1.4 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Polaris Infrastructure Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Polaris Infrastructure Inc.
- Ticker: PIF
- Exchange: TSX
- Founded: 1984
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: CA$269.363m
- Shares outstanding: 15.71m
- Website: https://www.polarisinfrastructure.com
Number of Employees
- Polaris Infrastructure Inc.
- 7 St. Thomas Street
- Suite 309
- M5S 2B7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PIF||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Oct 2009|
|G8O2||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2009|
|RAMP.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 2009|
Polaris Infrastructure Inc., a renewable energy company, acquires, explores for, develops, and operates geothermal and hydroelectric energy projects in Latin America. The company, through its subsidiaries,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/28 23:25|
|End of Day Share Price||2020/11/27 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.