Boralex Inc.

BMV:BLX N Stock Report

Market Cap: Mex$33.0b

Boralex Valuation

Is BLX N undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BLX N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Mex$1.26k
Fair Value
74.6% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: BLX N (MX$320.5) is trading below our estimate of fair value (MX$1260.27)

Significantly Below Fair Value: BLX N is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BLX N?

Key metric: As BLX N is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BLX N. This is calculated by dividing BLX N's market cap by their current revenue.
What is BLX N's PS Ratio?
PS Ratio3x
SalesCA$828.00m
Market CapCA$2.51b

Price to Sales Ratio vs Peers

How does BLX N's PS Ratio compare to its peers?

The above table shows the PS ratio for BLX N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.8x
COXA * Cox Energy. de
0.6xn/aMex$5.8b
FCFE 18 Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)
6.5xn/aMex$24.8b
1798 China Datang Corporation Renewable Power
1.1x11.22%HK$15.9b
ACMESOLAR ACME Solar Holdings
7.1x36.18%₹128.9b
BLX N Boralex
3x10.43%Mex$2.5b

Price-To-Sales vs Peers: BLX N is good value based on its Price-To-Sales Ratio (3x) compared to the peer average (3.8x).

Price to Sales Ratio vs Industry

How does BLX N's PS Ratio compare vs other companies in the South American Renewable Energy Industry?

0 CompaniesPrice / SalesEstimated GrowthMarket Cap
BLX N 3.0xIndustry Avg. 2.3xNo. of Companies5PS012345+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BLX N is expensive based on its Price-To-Sales Ratio (3x) compared to the Global Renewable Energy industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is BLX N's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BLX N PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BLX N's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BLX N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
Mex$481.07
0%
8.94%Mex$560.60Mex$404.15n/a10
Nov ’26n/a
Mex$496.69
0%
8.11%Mex$569.54Mex$437.09n/a10
Oct ’26n/a
Mex$500.14
0%
9.07%Mex$598.58Mex$438.96n/a10
Sep ’26n/a
Mex$518.99
0%
8.42%Mex$612.98Mex$449.52n/a10
Aug ’26n/a
Mex$526.49
0%
7.36%Mex$612.49Mex$476.38n/a11
Jul ’26n/a
Mex$539.18
0%
7.36%Mex$627.25Mex$487.86n/a11
Jun ’26n/a
Mex$530.51
0%
8.03%Mex$626.74Mex$487.46n/a11
May ’26n/a
Mex$545.00
0%
8.81%Mex$636.27Mex$494.87n/a11
Apr ’26n/a
Mex$547.71
0%
8.81%Mex$639.42Mex$497.33n/a11
Mar ’26n/a
Mex$547.39
0%
8.81%Mex$639.05Mex$497.04n/a11
Feb ’26Mex$350.82
Mex$557.41
+58.89%
10.08%Mex$654.41Mex$497.92n/a11
Jan ’26n/a
Mex$606.61
0%
8.37%Mex$678.82Mex$519.95n/a11
Dec ’25n/a
Mex$606.61
0%
8.37%Mex$678.82Mex$519.95Mex$320.5011
Nov ’25n/a
Mex$615.50
0%
8.28%Mex$679.07Mex$520.14n/a10
Oct ’25n/a
Mex$618.95
0%
9.18%Mex$694.14Mex$531.68n/a11
Sep ’25n/a
Mex$561.51
0%
8.64%Mex$638.03Mex$488.70n/a11
Aug ’25n/a
Mex$533.91
0%
9.31%Mex$605.73Mex$474.05n/a11
Jul ’25n/a
Mex$540.24
0%
8.54%Mex$618.47Mex$484.02n/a11
Jun ’25n/a
Mex$484.47
0%
8.25%Mex$559.01Mex$422.36n/a11
May ’25n/a
Mex$478.38
0%
8.10%Mex$559.80Mex$410.52n/a11
Apr ’25n/a
Mex$491.06
0%
9.11%Mex$562.29Mex$412.34n/a10
Mar ’25n/a
Mex$487.02
0%
8.22%Mex$552.29Mex$414.22n/a10
Feb ’25n/a
Mex$491.11
0%
9.87%Mex$561.26Mex$382.68Mex$350.8210
Jan ’25n/a
Mex$494.04
0%
9.28%Mex$551.14Mex$384.51n/a11
Dec ’24n/a
Mex$486.06
0%
8.47%Mex$537.22Mex$383.73n/a11
Mex$484.49
Fair Value
33.8% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/06 03:20
End of Day Share Price 2025/11/24 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Boralex Inc. is covered by 21 analysts. 5 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