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Boralex Inc

Utilities CA BLX

32.295CAD
0.06(0.17%)

Last update at 2025-07-03T14:30:00Z

Day Range

32.1432.35
LowHigh

52 Week Range

24.1335.47
LowHigh

Fundamentals

  • Previous Close 32.24
  • Market Cap3243.71M
  • Volume8755
  • P/E Ratio286.91
  • Dividend Yield2.06%
  • EBITDA469.00M
  • Revenue TTM822.00M
  • Revenue Per Share TTM8.00
  • Gross Profit TTM 628.00M
  • Diluted EPS TTM0.11

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 18.00M 44.00M 66.00M -48.00000M -60.00000M
Minority interest 22.00M -9.00000M 2.00M 15.00M 31.00M
Net income 8.00M 26.00M 55.00M -43.00000M -36.00000M
Selling general administrative 55.00M 37.00M 44.00M 35.00M 31.00M
Selling and marketing expenses - - - - -
Gross profit 578.00M 538.00M 482.00M 447.00M 346.00M
Reconciled depreciation 380.00M 297.00M 237.00M 299.00M 231.00M
Ebit 112.00M 182.00M 172.00M 146.00M 66.00M
Ebitda 519.00M 472.00M 428.00M 445.00M 297.00M
Depreciation and amortization 407.00M 290.00M 256.00M 299.00M 231.00M
Non operating income net other - - - - -
Operating income 112.00M 182.00M 172.00M 146.00M 59.00M
Other operating expenses 724.00M 505.00M 454.00M 429.00M 420.00M
Interest expense 117.00M 123.00M 107.00M 126.00M 118.00M
Tax provision 10.00M 18.00M 5.00M -5.00000M -14.00000M
Interest income 93.00M 135.00M 88.00M 127.00M 112.00M
Net interest income -130.00000M -144.00000M -113.00000M -141.00000M -121.00000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 10.00M 18.00M 5.00M -5.00000M -16.00000M
Total revenue 836.00M 691.00M 633.00M 574.00M 479.00M
Total operating expenses 466.00M 352.00M 303.00M 302.00M 287.00M
Cost of revenue 258.00M 153.00M 151.00M 127.00M 133.00M
Total other income expense net -94.00000M -138.00000M -106.00000M -194.00000M -119.00000M
Discontinued operations - - - - -
Net income from continuing ops 8.00M 26.00M 61.00M -43.00000M -44.00000M
Net income applicable to common shares 30.00M 17.00M 55.00M -39.00000M -30.00000M
Preferred stock and other adjustments - - - - -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 7604.00M 6574.00M 6539.00M 5751.00M 5314.00M
Intangible assets 963.00M 986.00M 1059.00M 1147.00M 1027.00M
Earning assets - - - - -
Other current assets 37.00M 35.00M 30.00M 50.00M 38.00M
Total liab 5579.00M 4550.00M 4513.00M 4540.00M 4323.00M
Total stockholder equity 1601.00M 1629.00M 1681.00M 1001.00M 989.00M
Deferred long term liab - - - - -
Other current liab 9.00M 6.00M 330.00M 14.00M 10.00M
Common stock - 1323.00M 1323.00M 1320.00M 1320.00M
Capital stock 1323.00M 1323.00M 1323.00M 1320.00M 1320.00M
Retained earnings 151.00M 183.00M 174.00M -299.00000M -249.00000M
Other liab - - 503.00M 441.00M 308.00M
Good will 237.00M 234.00M 233.00M 218.00M 222.00M
Other assets - - 369.00M 148.00M 84.00M
Cash 592.00M 478.00M 361.00M 256.00M 275.00M
Cash and equivalents - - 361.00M 256.00M 275.00M
Total current liabilities 965.00M 715.00M 821.00M 395.00M 403.00M
Current deferred revenue - 374.00M - - -
Net debt 3369.00M 3141.00M 3246.00M 3653.00M 3497.00M
Short term debt - 297.00M 434.00M 236.00M 242.00M
Short long term debt 344.00M 277.00M 416.00M 220.00M 229.00M
Short long term debt total - 3619.00M 3607.00M 3909.00M 3772.00M
Other stockholder equity - 11.00M 10.00M 9.00M 9.00M
Property plant equipment - - 3675.00M 3634.00M 3428.00M
Total current assets 923.00M 771.00M 638.00M 460.00M 472.00M
Long term investments 592.00M 526.00M 565.00M 140.00M 144.00M
Net tangible assets - - 389.00M -364.00000M -260.00000M
Short term investments - - 0.00000M 3.00M 0.00000M
Net receivables 264.00M 236.00M 234.00M 148.00M 157.00M
Long term debt 3617.00M 2995.00M 2873.00M 3383.00M 3287.00M
Inventory - 22.00M 13.00M 3.00M 2.00M
Accounts payable 389.00M 38.00M 57.00M 145.00M 161.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - 112.00M 174.00M -29.00000M -91.00000M
Additional paid in capital - - - - -
Common stock total equity - - - - 1320.00M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 269.00M 121.00M 369.00M 152.00M 21.00M
Deferred long term asset charges - - - - -
Non current assets total 6681.00M 5803.00M 5901.00M 5291.00M 4842.00M
Capital lease obligations 340.00M 347.00M 318.00M 306.00M 256.00M
Long term debt total - - 3173.00M 3673.00M 3530.00M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -578.00000M -268.00000M -684.00000M -6.00000M -247.00000M
Change to liabilities - - 194.00M -5.00000M 12.00M
Total cashflows from investing activities - - -684.00000M -433.00000M -247.00000M
Net borrowings - - -382.00000M 163.00M -107.00000M
Total cash from financing activities 479.00M -109.00000M 261.00M 75.00M -413.00000M
Change to operating activities - - -1.00000M -6.00000M -13.00000M
Net income 36.00M 78.00M 8.00M 26.00M 61.00M
Change in cash 115.00M 123.00M 93.00M -19.00000M 122.00M
Begin period cash flow 472.00M 349.00M 256.00M 275.00M 153.00M
End period cash flow 587.00M 472.00M 349.00M 256.00M 275.00M
Total cash from operating activities 215.00M 496.00M 513.00M 345.00M 362.00M
Issuance of capital stock - - - 0.00000M 201.00M
Depreciation 302.00M 293.00M 380.00M 297.00M 237.00M
Other cashflows from investing activities - - -438.00000M 26.00M 7.00M
Dividends paid 68.00M 68.00M 68.00M 68.00M 66.00M
Change to inventory - - - - -
Change to account receivables - 21.00M -83.00000M -7.00000M 25.00M
Sale purchase of stock - - -12.00000M 0.00000M 201.00M
Other cashflows from financing activities - -268.00000M 711.00M -20.00000M -28.00000M
Change to netincome - - 64.00M 35.00M 31.00M
Capital expenditures 452.00M 280.00M 256.00M 179.00M 156.00M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -200.00000M 51.00M 110.00M -18.00000M 24.00M
Stock based compensation - - - - -86.00000M
Other non cash items 118.00M 56.00M 5.00M 144.00M 121.00M
Free cash flow -237.00000M 216.00M 257.00M 166.00M 206.00M

Peer Comparison

Sector: Utilities Industry: Utilities - Renewable

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BLX
Boralex Inc		 0.06 0.17% 32.30 286.91 34.13 3.95 2.06 8.89 14.41
BEPC
Brookfield Renewable Corp		 0.40 0.89% 45.54 - 14.53 2.05 4.08 4.97 6.46
NPI
Northland Power Inc.		 0.18 0.82% 22.12 21.74 20.00 2.50 1.33 5.44 8.01
INE
Innergex Renewable Energy Inc.		 0.01 0.07% 13.72 72.53 89.29 2.62 2.88 9.77 12.60
PIF
Polaris Infrastructure Inc		 0.01 0.08% 12.19 - 156.25 3.34 0.75 4.21 7.93

Reports Covered

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Profile

Boralex Inc., together with its subsidiaries, engages in the developing, building, and operating power generating and storage facilities in Canada, France, and the United States. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2024, the company operates 103 wind farms; 13 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America; 1,085 MW in Canada; 734 MW in the United States; and 1,343 MW in Europe. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

Boralex Inc

36 Lajeunesse Street, Kingsey Falls, QC, Canada, J0A 1B0

Key Executives

Name Title Year Born
Mr. Patrick Decostre Pres, CEO & Director 1973
Mr. Bruno Guilmette CFO & EVP 1966
Mr. Pascal Hurtubise Exec. VP & Chief Legal Officer NA
Mr. Hugues Girardin Exec. VP & GM of North America NA
Mr. Nicolas Wolff Exec. VP & GM of Europe NA
Mr. Stéphane Milot Sr. Director of Investors Relations NA
Ms. Isabelle Fontaine Sr. VP of Corp. Public Affairs & Communications NA
Ms. Marie-Josée Arsenault Exec. VP and Chief People & Culture Officer NA
Ms. Julie Cusson Sr. VP of Enterprise Risk Management & CSR NA
Mr. Rabindra Nath Mishra Deputy Managing Director of Devel. Europe NA

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