Boralex Inc.

BMV:BLX N Stock Report

Market Cap: Mex$39.4b

Boralex Management

Management criteria checks 2/4

Boralex's CEO is Patrick Decostre, appointed in Dec 2020, has a tenure of 2.83 years. total yearly compensation is CA$1.80M, comprised of 30.3% salary and 69.7% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth MX$5.45M. The average tenure of the management team and the board of directors is 1.8 years and 4.9 years respectively.

Key information

Patrick Decostre

Chief executive officer

CA$1.8m

Total compensation

CEO salary percentage30.3%
CEO tenure2.8yrs
CEO ownership0.01%
Management average tenure1.8yrs
Board average tenure4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Decostre's remuneration changed compared to Boralex's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2023n/an/a

CA$32m

Mar 31 2023n/an/a

CA$23m

Dec 31 2022CA$2mCA$546k

CA$30m

Sep 30 2022n/an/a

CA$33m

Jun 30 2022n/an/a

CA$57m

Mar 31 2022n/an/a

CA$31m

Dec 31 2021CA$2mCA$503k

CA$17m

Sep 30 2021n/an/a

CA$26m

Jun 30 2021n/an/a

CA$40m

Mar 31 2021n/an/a

CA$50m

Dec 31 2020CA$1mCA$382k

CA$55m

Sep 30 2020n/an/a

CA$3m

Jun 30 2020n/an/a

-CA$20m

Mar 31 2020n/an/a

-CA$27m

Dec 31 2019CA$800kCA$359k

-CA$39m

Sep 30 2019n/an/a

-CA$4m

Jun 30 2019n/an/a

-CA$6m

Mar 31 2019n/an/a

-CA$21m

Dec 31 2018CA$552kCA$269k

-CA$30m

Sep 30 2018n/an/a

-CA$13m

Jun 30 2018n/an/a

CA$1m

Mar 31 2018n/an/a

CA$27m

Dec 31 2017CA$500kCA$244k

CA$22m

Sep 30 2017n/an/a

-CA$10m

Jun 30 2017n/an/a

-CA$3m

Mar 31 2017n/an/a

-CA$8m

Dec 31 2016CA$478kCA$241k

-CA$2m

Compensation vs Market: Patrick's total compensation ($USD1.32M) is above average for companies of similar size in the MX market ($USD872.09K).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.

CEO

Patrick Decostre (50 yo)

2.8yrs

Tenure

CA$1,801,091

Compensation

Mr. Patrick Decostre serves as the President, Chief Executive Officer and Director of Boralex Inc. since December 1, 2020. He served as Chief Operating Officer of Boralex Inc. since July 2019 until Novembe...

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Decostre
President2.8yrsCA$1.80m0.014%
MX$ 5.5m
Bruno Guilmette
CFO & EVP4.8yrsCA$1.03m0.0081%
MX$ 3.2m
Pascal Hurtubise
Executive VP & Chief Legal Officer6.3yrsCA$905.47k0.0055%
MX$ 2.2m
Hugues Girardin
Executive VP & GM of North Americaless than a yearCA$691.52k0.011%
MX$ 4.1m
Nicolas Wolff
Executive VP & GM of Europe1.8yrsCA$1.07m0.0058%
MX$ 2.3m
Stéphane Milot
Senior Director of Investors Relations4.8yrsno datano data
Isabelle Fontaine
Senior Vice President of Marketingless than a yearno data0.00064%
MX$ 252.0k
Marie-Josée Arsenault
Executive VP and Chief People & Culture Officer1.8yrsno data0.0060%
MX$ 2.4m
Adam Rosso
Senior Vice President of Development of North Americano datano datano data
Alain Pouliot
Senior Vice President of Asset Management of North Americano datano datano data
Rabindra Mishra
Deputy Managing Director of Development Europeless than a yearno datano data
Pascal Laprise-Demers
Senior Vice President of Corporate Strategy & Business Performanceless than a yearno data0.00078%
MX$ 307.2k

1.8yrs

Average Tenure

Experienced Management: BLX N's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Patrick Decostre
President2.8yrsCA$1.80m0.014%
MX$ 5.5m
Patrick Lemaire
Director17.3yrsCA$117.00k0.032%
MX$ 12.8m
Marie Giguere
Independent Director5.9yrsCA$150.66k0.0029%
MX$ 1.1m
Ines Kolmsee
Independent Director1.4yrsCA$87.68k0.00025%
MX$ 98.4k
Alain Rheaume
Independent Chairman of the Board12.8yrsCA$219.50k0.0049%
MX$ 1.9m
Zin Smati
Independent Director2.4yrsCA$141.66k0.0078%
MX$ 3.1m
Lise Croteau
Independent Director5.4yrsCA$150.50kno data
Dany St-Pierre
Independent Director7.4yrsCA$135.90k0.0015%
MX$ 586.8k
Marie-Claude Dumas
Independent Director4.4yrsCA$145.50k0.0042%
MX$ 1.6m
Andre Courville
Independent Director4.4yrsCA$146.16k0.0041%
MX$ 1.6m

4.9yrs

Average Tenure

62yo

Average Age

Experienced Board: BLX N's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/10/08 19:55
End of Day Share Price 2023/07/11 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

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

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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.

AnalystInstitution
Mark WestbyATB Capital Markets
Benjamin PhamBMO Capital Markets Equity Research
Massimo FioreCantor Fitzgerald Canada Corporation