BLX N Stock Overview

Engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. More details

BLX N fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	1/6
Financial Health	2/6
Dividends	3/6

Rewards

Earnings are forecast to grow 22.75% per year

Risk Analysis

Shares are highly illiquid

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Profit margins (3.4%) are lower than last year (7.8%)

My Notes

Capture your thoughts, links and company narrative

Boralex Inc. Competitors

Orygen PerúA

BVL:ORYGENC1

S/7.6b

ReNew Energy Global

NasdaqGS:RNW

US$2.5b

Zhejiang Provincial New Energy Investment Group

SHSE:600032

CN¥18.1b

TransAlta Renewables

TSX:RNW

CA$3.3b

Price History & Performance

Summary of share price highs, lows and changes for Boralex
Historical stock prices
Current Share Price	CA$454.90
52 Week High	CA$454.90
52 Week Low	CA$454.90
Beta	0.35
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent updates

Shareholder Returns

	BLX N	MX Renewable Energy	MX Market
7D	0%	0.3%	-0.2%
1Y	n/a	-7.3%	-14.8%

Return vs Industry: Insufficient data to determine how BLX N performed against the MX Renewable Energy industry.

Return vs Market: Insufficient data to determine how BLX N performed against the MX Market.

Price Volatility

Is BLX N's price volatile compared to industry and market?
BLX N volatility
BLX N Average Weekly Movement	n/a
Renewable Energy Industry Average Movement	3.0%
Market Average Movement	4.1%
10% most volatile stocks in MX Market	6.0%
10% least volatile stocks in MX Market	2.7%

Stable Share Price: BLX N has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine BLX N's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1982	701	Patrick Decostre	www.boralex.com

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United States, and the United Kingdom. As of December 31, 2022, the company had interests in 90 wind farms with an installed capacity of 2,584 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; and 12 solar power stations with an installed capacity of 255 MW. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

Boralex Inc. Fundamentals Summary

How do Boralex's earnings and revenue compare to its market cap?
BLX N fundamental statistics
Market cap	Mex$39.38b
Earnings (TTM)	Mex$425.92m
Revenue (TTM)	Mex$12.70b

92.5x

P/E Ratio

3.1x

P/S Ratio

Is BLX N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BLX N income statement (TTM)
Revenue	CA$954.00m
Cost of Revenue	CA$387.00m
Gross Profit	CA$567.00m
Other Expenses	CA$535.00m
Earnings	CA$32.00m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.31
Gross Margin	59.43%
Net Profit Margin	3.35%
Debt/Equity Ratio	157.8%

How did BLX N perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

212%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/08 22:55
End of Day Share Price	2023/07/11 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Boralex Inc. is covered by 25 analysts. 9 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 Capital Markets
Benjamin Pham	BMO Capital Markets Equity Research
Massimo Fiore	Cantor Fitzgerald Canada Corporation