Boralex Inc trades with the ticker BLX on the TSX and is in the Utilities – Renewable industry.
Overview
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, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.
Looking to invest in Boralex Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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BLX.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $3072.704MM
PE Ratio: 38.831
Price: 28.68 (Updated: 3/12/2024 0:47:16)
Boralex Inc (BLX) vs Competitors in Utilities – Renewable
Lets see how BLX.TO stacks up against others in the Utilities – Renewable asset management industry. We have identified its main peers as:Algonquin Power & Utilities Corp, Brookfield Renewable Partners L.P, Innergex Renewable Energy Inc, Northland Power Inc, Polaris Infrastructure Inc
.Utilities – Renewable Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Algonquin Power & Utilities Corp (AQN) | $5,955.301 | N/A | 43.311 | 7.3% |
| Brookfield Renewable Partners L.P (BEP-UN) | $21,543.555 | N/A | 12.062 | 6.0% |
| Boralex Inc (BLX) | $3,072.704 | 38.831 | 11.002 | 2.2% |
| Innergex Renewable Energy Inc (INE) | $1,768.077 | N/A | 15.629 | 4.2% |
| Northland Power Inc (NPI) | $6,143.534 | N/A | 13.595 | 5.0% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Utilities – Renewable
- Boralex Inc (BLX) vs Algonquin Power & Utilities Corp (AQN)
- BLX has higher EPS (0.77 vs -0.49). AQN has higher dividend yield (7.3% vs 2.2%). AQN has a P/E under 0, indicating BLX (P/E 38.831) is in a better position.
- Boralex Inc (BLX) vs Brookfield Renewable Partners L.P (BEP-UN)
- BLX has higher EPS (0.77 vs -0.43). BEP-UN has higher dividend yield (6.0% vs 2.2%). BEP-UN has a P/E under 0, indicating BLX (P/E 38.831) is in a better position.
- Boralex Inc (BLX) vs Innergex Renewable Energy Inc (INE)
- BLX has higher EPS (0.77 vs -0.51). INE has higher dividend yield (4.2% vs 2.2%). INE has a P/E under 0, indicating BLX (P/E 38.831) is in a better position.
- Boralex Inc (BLX) vs Northland Power Inc (NPI)
- BLX has higher EPS (0.77 vs -0.72). NPI has higher dividend yield (5.0% vs 2.2%). NPI has a P/E under 0, indicating BLX (P/E 38.831) is in a better position.
- Boralex Inc (BLX) vs Polaris Infrastructure Inc (PIF)
- BLX has higher EPS (0.77 vs 0.75). PIF has higher dividend yield (7.0% vs 2.2%). BLX has a higher P/E ratio (38.831 vs 15.147) indicating it’s more expensive.
Our Recommendation: Hold
Features a lower EV/EBITDA ratio (11.00) than the industry average (22.35), indicating attractive valuation.
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