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Polaris Infrastructure Inc

Utilities CA PIF

11.78CAD
0.06(0.51%)

Last update at 2025-05-09T16:38:00Z

Day Range

11.6811.81
LowHigh

52 Week Range

10.8213.68
LowHigh

Fundamentals

  • Previous Close 11.72
  • Market Cap260.54M
  • Volume14061
  • P/E Ratio26.32
  • Dividend Yield6.75%
  • EBITDA54.22M
  • Revenue TTM75.74M
  • Revenue Per Share TTM3.59
  • Gross Profit TTM 52.62M
  • Diluted EPS TTM0.47

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 0.97M 4.42M 38.98M 10.04M 19.30M
Minority interest 0.07M -0.04100M -1.97600M -2.00700M -0.35400M
Net income 2.50M 0.50M 28.84M 14.50M 12.14M
Selling general administrative 6.43M 6.48M 5.86M 4.81M 4.26M
Selling and marketing expenses - - - - -
Gross profit 25.19M 22.75M 38.77M 40.13M 38.68M
Reconciled depreciation 25.59M 26.38M 24.75M 23.45M 22.92M
Ebit 17.61M 15.92M 37.87M 36.89M 33.95M
Ebitda 45.24M 44.49M 62.61M 60.34M 56.96M
Depreciation and amortization 27.63M 28.57M 24.75M 23.45M 23.02M
Non operating income net other - - - - -
Operating income 17.61M 15.92M 37.87M 36.89M 33.95M
Other operating expenses 44.99M 43.60M 42.29M 36.60M 34.96M
Interest expense 17.07M 14.89M 14.86M 15.70M 14.45M
Tax provision -1.46400M 3.88M 10.11M -2.80100M 7.10M
Interest income 3.41M 13.32M 0.31M 14.22M 14.92M
Net interest income -14.58500M -16.58800M -16.86500M -16.97200M -15.74892M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -1.46400M 3.88M 10.11M -2.80100M 7.10M
Total revenue 62.60M 59.52M 74.72M 71.25M 68.82M
Total operating expenses 7.58M 6.83M 6.34M 5.48M 4.81M
Cost of revenue 37.41M 36.77M 35.95M 31.12M 30.14M
Total other income expense net -16.64000M -11.50100M 1.12M -26.85000M -14.64717M
Discontinued operations - - - - -
Net income from continuing ops 2.43M 0.54M 28.87M 12.84M 12.20M
Net income applicable to common shares 2.50M 0.50M 28.84M 14.50M 17.18M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 519.40M 535.10M 502.70M 491.12M 463.74M
Intangible assets 57.31M 57.53M 22.97M 24.32M 25.68M
Earning assets - - - - -
Other current assets 3.36M 4.04M 2.89M 0.16M -
Total liab 249.47M 264.89M 241.88M 264.35M 256.52M
Total stockholder equity 269.34M 269.68M 262.76M 228.75M 209.23M
Deferred long term liab - - 2.20M - 0.27M
Other current liab 0.03M 5.74M 2.59M 13.78M 16.45M
Common stock 666.39M 666.04M 649.08M 598.98M 598.98M
Capital stock 666.39M 666.04M 649.08M 598.98M 598.98M
Retained earnings -411.07200M -410.20000M -400.58700M -389.95300M -409.37200M
Other liab - 62.33M 60.00M 60.58M 54.09M
Good will 12.36M 12.36M - - -
Other assets -0.05000M 10.23M 10.74M 11.60M 16.45M
Cash 40.05M 35.33M 97.93M 60.06M 32.60M
Cash and equivalents - - - - -
Total current liabilities 31.35M 30.60M 34.31M 35.04M 35.05M
Current deferred revenue 3.11M - 0.15M 12.49M -
Net debt 135.07M 152.00M 73.06M 129.93M 151.96M
Short term debt 16.25M 15.36M 23.41M 21.25M 17.17M
Short long term debt 3.02M 4.94M 3.21M 21.07M 16.92M
Short long term debt total 175.12M 187.33M 170.99M 189.99M 184.55M
Other stockholder equity 14.02M 13.84M 14.27M 19.72M 19.62M
Property plant equipment - 402.07M 358.85M 374.68M 372.76M
Total current assets 54.04M 50.61M 110.14M 80.34M 48.68M
Long term investments - 1.68M 3.00M 0.16M 0.17M
Net tangible assets - 199.79M 239.79M 204.42M 183.56M
Short term investments - - - - -
Net receivables 10.63M 11.24M 9.32M 19.39M 15.30M
Long term debt 156.53M 169.47M 150.90M 168.23M 168.05M
Inventory - - - - -
Accounts payable 11.96M 9.50M 8.15M 0.00900M 1.43M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -250.09400M -226.95200M
Additional paid in capital - - - - -
Common stock total equity - - - 598.98M 598.98M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 10.74M 13.02M 11.37M 13.82M 16.65M
Deferred long term asset charges - - - - -
Non current assets total 465.41M 484.49M 392.56M 410.77M 415.06M
Capital lease obligations 2.75M 2.92M 1.30M 0.69M 0.88M
Long term debt total - 171.96M 151.90M 176.60M 168.68M
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
Investments -65.99400M -10.14600M -2.85400M -42.92600M -14.73634M
Change to liabilities -3.18700M -0.55200M -0.24900M -0.73000M -0.99800M
Total cashflows from investing activities -65.99400M -10.14600M -2.85400M -45.23500M -14.73600M
Net borrowings -8.54300M -21.32800M -0.56700M 2.34M -12.67500M
Total cash from financing activities -30.12500M 6.89M -9.99000M -6.90300M -22.08225M
Change to operating activities -1.89200M -1.59000M -0.32800M 0.28M -0.22300M
Net income 2.50M 0.50M 28.84M 14.50M 12.14M
Change in cash -62.60500M 37.87M 27.46M -5.21200M 0.59M
Begin period cash flow 97.93M 60.06M 32.60M 37.81M 37.22M
End period cash flow 35.33M 97.93M 60.06M 32.60M 37.81M
Total cash from operating activities 33.51M 41.13M 40.31M 44.61M 37.41M
Issuance of capital stock 0.00000M 39.35M - - -
Depreciation 25.59M 26.38M 24.75M 23.45M 22.92M
Other cashflows from investing activities -33.51200M -2.05000M 4.04M 2.67M 0.49M
Dividends paid 12.11M 11.13M 9.42M 9.42M 9.41M
Change to inventory - - - - -
Change to account receivables -0.21900M 10.06M -4.08700M -0.07600M -2.99536M
Sale purchase of stock 0.00000M 39.35M - - -
Other cashflows from financing activities 100.53M -10.14600M 23.46M 17.58M -14.73634M
Change to netincome 10.72M 6.32M -8.62400M 9.60M 1.49M
Capital expenditures 32.48M 8.41M 6.89M 47.91M 10.19M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -5.29800M 7.92M -4.66400M -0.52500M -3.80903M
Stock based compensation 0.38M 0.64M 0.89M 0.57M -0.74661M
Other non cash items 11.80M 1.80M -19.61000M 9.41M -0.19082M
Free cash flow 1.02M 32.72M 33.42M -3.29600M 27.22M

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)
PIF
Polaris Infrastructure Inc		 0.06 0.51% 11.78 26.32 16.47 3.44 0.71 4.12 5.81
BEPC
Brookfield Renewable Corp		 0.84 2.14% 40.16 - 15.17 1.66 1.16 4.45 10.75
AQN
Algonquin Power & Utilities Corp		 0.71 9.33% 8.32 9.12 16.26 1.96 0.79 4.32 9.44
NPI
Northland Power Inc.		 0.22 1.16% 19.24 84.21 16.64 2.15 1.26 5.05 9.27
BLX
Boralex Inc		 0.24 0.77% 31.40 35.46 27.47 3.53 2.01 6.80 10.90

Reports Covered

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Profile

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.

Polaris Infrastructure Inc

7 St. Thomas Street, Toronto, ON, Canada, M5S 2B7

Key Executives

Name Title Year Born
Mr. Marc Murnaghan CEO & Director 1972
Mr. Anthony Jelic CPA, CGA Chief Financial Officer NA
Mr. Alexis Guillermo Osorno Sr. VP of Latin America NA
Mr. Alexis Guillermo Osorno Senior Vice President of Latin America NA
Ms. Alba Seisdedos Vice President of Taxation & Legal Affairs NA
Mr. Guzman Fernandez Vice President of Corporate Development NA
Mr. Michael Kosianic Executive Vice President of Project Finance NA
Ms. Denise Parada Vice President of Sustainability & Transformation NA

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