TransAlta Corporation trades with the ticker TA on the TSX and is in the Utilities – Independent Power Producers industry.
Overview
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 2,057 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States; and the state of Western Australia. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta, Ontario, Michigan, and the state of Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. The company was founded in 1909 and is headquartered in Calgary, Canada.
Looking to invest in TransAlta Corporation? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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TA.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $2871.38MM
PE Ratio: 3.983
Price: 9.28 (Updated: 3/12/2024 0:47:16)
TransAlta Corporation (TA) vs Competitors in Utilities – Independent Power Producers
Lets see how TA.TO stacks up against others in the Utilities – Independent Power Producers asset management industry. We have identified its main peers as:Capital Power Corporation, Maxim Power Corp
.Utilities – Independent Power Producers Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Capital Power Corporation (CPX) | $4,938.357 | 6.472 | 5.358 | 6.3% |
| Maxim Power Corp (MXG) | $233.552 | 154.0 | 4.824 | N/A% |
| TransAlta Corporation (TA) | $2,871.38 | 3.983 | 4.36 | 2.6% |
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 – Independent Power Producers
- TransAlta Corporation (TA) vs Capital Power Corporation (CPX)
- CPX has higher EPS (6.04 vs 2.33). CPX has higher dividend yield (6.3% vs 2.6%). CPX has a higher P/E ratio (6.472 vs 3.983) indicating it’s more expensive.
- TransAlta Corporation (TA) vs Maxim Power Corp (MXG)
- TA has higher EPS (2.33 vs 0.03). TA provides dividends, while MXG does not. MXG has a higher P/E ratio (154.0 vs 3.983) indicating it’s more expensive.
Our Recommendation: Hold
Has a lower P/E ratio (3.98) than the industry average (5.23), indicating potential undervaluation. Features a lower EV/EBITDA ratio (4.36) than the industry average (4.86), indicating attractive valuation.
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