PIF : Polaris Infrastructure Inc Stock Profile
Qayyum Rajan is a CFA Charterholder who has previously worked at CIBC, RBC Dominion Securities and Sentry Investments before creating his own fintech ventures.He has been a financial advisor, analyst and portfolio manager who is passionate about helping people reach their financial goals.Qayyum is the owner of Wealth Awesome where he writes financial content and creates tools for over 20,000 Canadian investors.
Expertises: finance, investment, stocks
Overview
Polaris Renewable Energy Inc. engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama. The company was formerly known as Polaris Infrastructure Inc. and changed its name to Polaris Renewable Energy Inc. in July 2022. Polaris Renewable Energy Inc. was incorporated in 1984 and is headquartered in Toronto, Canada.
PIF.TO Stock Price and Key Stats
PIF Stock Key Stats
Exchange: TSX
Market Cap : $268.12MM
PE Ratio: 25.44
Price: (Updated: )
Polaris Infrastructure Inc (PIF) vs Competitors in Utilities – Renewable
Lets see how PIF.TO stacks up against others in the Utilities – Renewable asset management industry. We have identified its main peers as:Algonquin Power & Utilities Corp, Brookfield Renewable Partners L.P, Boralex Inc, Innergex Renewable Energy Inc, Northland Power Inc
.Utilities – Renewable Industry Comparisons
Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
---|---|---|---|---|
Algonquin Power & Utilities Corp (AQN) | $5,744.751 | 33.682 | 14.696 | 4.8% |
Brookfield Renewable Partners L.P (BEP-UN) | $23,585.532 | N/A | 9.34 | 5.4% |
Boralex Inc (BLX) | $3,592.699 | 37.591 | 11.193 | 1.9% |
Innergex Renewable Energy Inc (INE) | $1,988.919 | N/A | 15.406 | 3.7% |
Northland Power Inc (NPI) | $5,846.147 | 94.542 | 9.772 | 5.2% |
Comparisons within Utilities – Renewable
- Polaris Infrastructure Inc (PIF) vs Algonquin Power & Utilities Corp (AQN)
- PIF has higher EPS (0.5 vs 0.22). PIF has higher dividend yield (6.4% vs 4.8%). AQN has a higher P/E ratio (33.682 vs 25.44) indicating it’s more expensive.
- Polaris Infrastructure Inc (PIF) vs Brookfield Renewable Partners L.P (BEP-UN)
- PIF has higher EPS (0.5 vs -0.86). PIF has higher dividend yield (6.4% vs 5.4%). BEP-UN has a P/E under 0, indicating PIF (P/E 25.44) is in a better position.
- Polaris Infrastructure Inc (PIF) vs Boralex Inc (BLX)
- BLX has higher EPS (0.93 vs 0.5). PIF has higher dividend yield (6.4% vs 1.9%). BLX has a higher P/E ratio (37.591 vs 25.44) indicating it’s more expensive.
- Polaris Infrastructure Inc (PIF) vs Innergex Renewable Energy Inc (INE)
- PIF has higher EPS (0.5 vs -0.65). PIF has higher dividend yield (6.4% vs 3.7%). INE has a P/E under 0, indicating PIF (P/E 25.44) is in a better position.
- Polaris Infrastructure Inc (PIF) vs Northland Power Inc (NPI)
- PIF has higher EPS (0.5 vs 0.24). PIF has higher dividend yield (6.4% vs 5.2%). NPI has a higher P/E ratio (94.542 vs 25.44) indicating it’s more expensive.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Features a lower EV/EBITDA ratio (5.92) than the industry average (20.55), indicating attractive valuation.
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