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Innergex Renewable Energy DB:3IX Stock Report

Last Price

€5.37

Market Cap

€1.1b

7D

-4.2%

1Y

-14.1%

Updated

22 Dec, 2024

Data

Company Financials +

Innergex Renewable Energy Inc.

DB:3IX Stock Report

Market Cap: €1.1b

3IX Stock Overview

Operates as an independent renewable power producer in Canada, the United States, France, and Chile. More details

3IX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance0/6
Financial Health0/6
Dividends1/6

Rewards

Trading at 75.4% below our estimate of its fair value

Revenue is forecast to grow 8.13% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 4.36% is not well covered by earnings or free cash flows

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years


My Notes

Capture your thoughts, links and company narrative

Innergex Renewable Energy Inc. Competitors

Encavis

XTRA:ECV

€2.8b

7C Solarparken

XTRA:HRPK

€152.8m

Tion Renewables

DB:TION

€149.0m

Tion Renewables

XTRA:TION

€139.5m

Price History & Performance

Summary of share price highs, lows and changes for Innergex Renewable Energy
Historical stock prices
Current Share PriceCA$5.37
52 Week HighCA$7.28
52 Week LowCA$4.80
Beta0.34
1 Month Change-5.23%
3 Month Change-20.36%
1 Year Change-14.11%
3 Year Change-58.77%
5 Year Change-53.72%
Change since IPO-10.53%

Recent News & Updates

Recent updates

Shareholder Returns

3IXDE Renewable EnergyDE Market
7D-4.2%-3.6%-2.6%
1Y-14.1%-30.0%6.9%

Return vs Industry: 3IX exceeded the German Renewable Energy industry which returned -30% over the past year.

Return vs Market: 3IX underperformed the German Market which returned 6.9% over the past year.

Price Volatility

Is 3IX's price volatile compared to industry and market?
3IX volatility
3IX Average Weekly Movement4.5%
Renewable Energy Industry Average Movement3.5%
Market Average Movement4.8%
10% most volatile stocks in DE Market11.2%
10% least volatile stocks in DE Market2.4%

Stable Share Price: 3IX has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 3IX's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a602Michel Letellierwww.innergex.com

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 renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.

Innergex Renewable Energy Inc. Fundamentals Summary

How do Innergex Renewable Energy's earnings and revenue compare to its market cap?
3IX fundamental statistics
Market cap€1.12b
Earnings (TTM)-€88.59m
Revenue (TTM)€682.02m

1.6x

P/S Ratio

-12.6x

P/E Ratio

Is 3IX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3IX income statement (TTM)
RevenueCA$1.02b
Cost of RevenueCA$275.94m
Gross ProfitCA$746.71m
Other ExpensesCA$879.55m
Earnings-CA$132.84m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.65
Gross Margin73.02%
Net Profit Margin-12.99%
Debt/Equity Ratio456.6%

How did 3IX perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

-69%

Payout Ratio

Does 3IX pay a reliable dividends?

See 3IX dividend history and benchmarks
When do you need to buy 3IX by to receive an upcoming dividend?
Innergex Renewable Energy dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 15 2025
Days until Ex dividend8 days
Days until Dividend pay date23 days

Does 3IX pay a reliable dividends?

See 3IX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 20:55
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Innergex Renewable Energy Inc. is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark WestbyATB Capital Markets
Benjamin PhamBMO Capital Markets Equity Research
David GalisonCanaccord Genuity