Algonquin Power Utilities Stock Price To Earning

AQN Stock

USD 4.77 0.06 1.27%

Algonquin Power Utilities fundamentals help investors to digest information that contributes to Algonquin Power's financial success or failures. It also enables traders to predict the movement of Algonquin Stock. The fundamental analysis module provides a way to measure Algonquin Power's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Algonquin Power stock.

Short Long Term Debt Total Total Assets

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Algonquin Power Utilities Company Price To Earning Analysis

Algonquin Power's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

P/E

Market Value Per Share

Earnings Per Share

More About Price To Earning | All Equity Analysis

Current Algonquin Power Price To Earning

5.61 X

Most of Algonquin Power's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Algonquin Power Utilities is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Algonquin Price To Earning Driver Correlations

Understanding the fundamental principles of building solid financial models for Algonquin Power is extremely important. It helps to project a fair market value of Algonquin Stock properly, considering its historical fundamentals such as Price To Earning. Since Algonquin Power's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Algonquin Power's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Algonquin Power's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Common Stock	Current Deferred Revenue	Accounts Payable	Short Term Debt	Net Tangible Assets	Long Term Debt	Good Will	Short Term Investments	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Intangible Assets	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.98	-0.63	0.98	0.99	0.99	0.99	0.97	0.98	0.9	0.97	0.98	0.96	-0.84	0.98	0.91	0.4	0.78	0.99	0.93	-0.91	0.92	-0.9	0.91
Total Stockholder Equity	0.97		0.91	-0.45	0.93	0.95	0.94	0.98	0.92	0.97	0.81	0.98	0.92	0.96	-0.88	0.94	0.96	0.31	0.83	0.93	0.91	-0.86	0.89	-0.84	0.87
Net Debt	0.98	0.91		-0.73	0.98	0.99	0.98	0.96	0.97	0.94	0.94	0.93	1.0	0.91	-0.78	0.98	0.83	0.44	0.71	0.99	0.9	-0.92	0.91	-0.92	0.91
Retained Earnings	-0.63	-0.45	-0.73		-0.73	-0.68	-0.7	-0.59	-0.68	-0.52	-0.76	-0.5	-0.72	-0.51	0.32	-0.66	-0.31	-0.48	-0.32	-0.68	-0.5	0.6	-0.57	0.65	-0.58
Net Receivables	0.98	0.93	0.98	-0.73		0.98	0.99	0.97	0.96	0.94	0.91	0.94	0.98	0.91	-0.8	0.98	0.84	0.47	0.76	0.97	0.88	-0.87	0.91	-0.89	0.91
Total Liab	0.99	0.95	0.99	-0.68	0.98		0.99	0.98	0.98	0.97	0.91	0.96	1.0	0.94	-0.8	0.99	0.87	0.41	0.74	0.99	0.92	-0.93	0.91	-0.9	0.9
Total Current Assets	0.99	0.94	0.98	-0.7	0.99	0.99		0.98	0.97	0.94	0.91	0.95	0.98	0.91	-0.8	0.99	0.86	0.45	0.79	0.97	0.9	-0.89	0.93	-0.9	0.93
Common Stock	0.99	0.98	0.96	-0.59	0.97	0.98	0.98		0.95	0.97	0.88	0.97	0.96	0.96	-0.87	0.97	0.93	0.39	0.8	0.97	0.91	-0.88	0.92	-0.89	0.91
Current Deferred Revenue	0.97	0.92	0.97	-0.68	0.96	0.98	0.97	0.95		0.97	0.9	0.94	0.97	0.91	-0.77	0.96	0.82	0.27	0.73	0.96	0.89	-0.9	0.87	-0.88	0.87
Accounts Payable	0.98	0.97	0.94	-0.52	0.94	0.97	0.94	0.97	0.97		0.85	0.96	0.94	0.96	-0.86	0.95	0.9	0.29	0.77	0.96	0.9	-0.88	0.87	-0.87	0.86
Short Term Debt	0.9	0.81	0.94	-0.76	0.91	0.91	0.91	0.88	0.9	0.85		0.85	0.93	0.78	-0.8	0.94	0.77	0.51	0.6	0.91	0.79	-0.77	0.91	-0.98	0.92
Net Tangible Assets	0.97	0.98	0.93	-0.5	0.94	0.96	0.95	0.97	0.94	0.96	0.85		0.94	0.92	-0.86	0.97	0.94	0.37	0.8	0.93	0.9	-0.86	0.9	-0.87	0.89
Long Term Debt	0.98	0.92	1.0	-0.72	0.98	1.0	0.98	0.96	0.97	0.94	0.93	0.94		0.91	-0.77	0.98	0.84	0.43	0.72	0.99	0.91	-0.93	0.9	-0.91	0.9
Good Will	0.96	0.96	0.91	-0.51	0.91	0.94	0.91	0.96	0.91	0.96	0.78	0.92	0.91		-0.82	0.91	0.89	0.29	0.71	0.94	0.9	-0.89	0.83	-0.8	0.8
Short Term Investments	-0.84	-0.88	-0.78	0.32	-0.8	-0.8	-0.8	-0.87	-0.77	-0.86	-0.8	-0.86	-0.77	-0.82		-0.84	-0.93	-0.38	-0.72	-0.8	-0.78	0.63	-0.88	0.88	-0.86
Deferred Long Term Liab	0.98	0.94	0.98	-0.66	0.98	0.99	0.99	0.97	0.96	0.95	0.94	0.97	0.98	0.91	-0.84		0.89	0.46	0.76	0.97	0.9	-0.87	0.94	-0.93	0.94
Long Term Investments	0.91	0.96	0.83	-0.31	0.84	0.87	0.86	0.93	0.82	0.9	0.77	0.94	0.84	0.89	-0.93	0.89		0.31	0.81	0.85	0.87	-0.76	0.89	-0.82	0.87
Short Long Term Debt	0.4	0.31	0.44	-0.48	0.47	0.41	0.45	0.39	0.27	0.29	0.51	0.37	0.43	0.29	-0.38	0.46	0.31		0.3	0.43	0.28	-0.26	0.43	-0.49	0.45
Intangible Assets	0.78	0.83	0.71	-0.32	0.76	0.74	0.79	0.8	0.73	0.77	0.6	0.8	0.72	0.71	-0.72	0.76	0.81	0.3		0.72	0.76	-0.61	0.79	-0.64	0.78
Property Plant Equipment	0.99	0.93	0.99	-0.68	0.97	0.99	0.97	0.97	0.96	0.96	0.91	0.93	0.99	0.94	-0.8	0.97	0.85	0.43	0.72		0.91	-0.93	0.9	-0.9	0.89
Long Term Debt Total	0.93	0.91	0.9	-0.5	0.88	0.92	0.9	0.91	0.89	0.9	0.79	0.9	0.91	0.9	-0.78	0.9	0.87	0.28	0.76	0.91		-0.92	0.91	-0.81	0.88
Capital Surpluse	-0.91	-0.86	-0.92	0.6	-0.87	-0.93	-0.89	-0.88	-0.9	-0.88	-0.77	-0.86	-0.93	-0.89	0.63	-0.87	-0.76	-0.26	-0.61	-0.93	-0.92		-0.79	0.76	-0.78
Net Invested Capital	0.92	0.89	0.91	-0.57	0.91	0.91	0.93	0.92	0.87	0.87	0.91	0.9	0.9	0.83	-0.88	0.94	0.89	0.43	0.79	0.9	0.91	-0.79		-0.93	0.99
Net Working Capital	-0.9	-0.84	-0.92	0.65	-0.89	-0.9	-0.9	-0.89	-0.88	-0.87	-0.98	-0.87	-0.91	-0.8	0.88	-0.93	-0.82	-0.49	-0.64	-0.9	-0.81	0.76	-0.93		-0.93
Capital Stock	0.91	0.87	0.91	-0.58	0.91	0.9	0.93	0.91	0.87	0.86	0.92	0.89	0.9	0.8	-0.86	0.94	0.87	0.45	0.78	0.89	0.88	-0.78	0.99	-0.93

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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

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Algonquin Retained Earnings

Retained Earnings

(1.22 Billion)

Algonquin Power reported last year Retained Earnings of (1.28 Billion)

Based on the latest financial disclosure, Algonquin Power Utilities has a Price To Earning of 5.61 times. This is 81.42% lower than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The price to earning for all United States stocks is 80.47% higher than that of the company.

Algonquin Price To Earning Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Algonquin Power's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Algonquin Power could also be used in its relative valuation, which is a method of valuing Algonquin Power by comparing valuation metrics of similar companies.

Algonquin Power is currently under evaluation in price to earning category among its peers.

Algonquin Power Current Valuation Drivers

We derive many important indicators used in calculating different scores of Algonquin Power from analyzing Algonquin Power's financial statements. These drivers represent accounts that assess Algonquin Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Algonquin Power's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	7.1B	9.2B	9.0B	4.1B	6.1B	6.4B
Enterprise Value	10.9B	13.6B	15.1B	11.5B	14.6B	15.3B

Algonquin Power ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Algonquin Power's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Algonquin Power's managers, analysts, and investors.

Environmental

Governance

Social

Algonquin Fundamentals

	Return On Equity	0.041
	Return On Asset	0.016
	Profit Margin	(0.39) %
	Operating Margin	0.20 %
	Current Valuation	11.25 B
	Shares Outstanding	767.23 M
	Shares Owned By Insiders	0.06 %
	Shares Owned By Institutions	62.56 %
	Number Of Shares Shorted	16.92 M
	Price To Earning	5.61 X
	Price To Book	0.79 X
	Price To Sales	1.40 X
	Revenue	2.7 B
	Gross Profit	1.05 B
	EBITDA	718.93 M
	Net Income	(33.3 M)
	Cash And Equivalents	85 M
	Cash Per Share	0.12 X
	Total Debt	8.52 B
	Debt To Equity	1.03 %
	Current Ratio	0.77 X
	Book Value Per Share	6.07 X
	Cash Flow From Operations	628.03 M
	Short Ratio	3.92 X
	Earnings Per Share	0.54 X
	Target Price	5.44
	Number Of Employees	3.95 K
	Beta	0.52
	Market Capitalization	3.66 B
	Total Asset	18.37 B
	Retained Earnings	(1.28 B)
	Working Capital	(618.84 M)
	Current Asset	305.04 M
	Current Liabilities	282.11 M
	Annual Yield	0.05 %
	Five Year Return	4.38 %
	Net Asset	18.37 B
	Last Dividend Paid	0.39

About Algonquin Power Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Algonquin Power Utilities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algonquin Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algonquin Power Utilities based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Algonquin Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Algonquin Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Algonquin Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Algonquin Stock

0.84

RNWWW

ReNew Energy Global

Pair Corr

Moving against Algonquin Stock

0.79	NRGV	Energy Vault Holdings	Pair Corr
0.76	WAVE	Eco Wave Power Trending	Pair Corr
0.76	GEV	GE Vernova LLC	Pair Corr
0.74	ELLO	Ellomay Capital	Pair Corr
0.7	ORA	Ormat Technologies	Pair Corr

The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Algonquin Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Algonquin Power Utilities to buy it.

The correlation of Algonquin Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Algonquin Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock:

How To Invest In Algonquin

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Is Algonquin Stock a good investment?

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What is Algonquin Power's Net Worth?

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Largest Electric Utilities Companies

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Check out Algonquin Power Piotroski F Score and Algonquin Power Altman Z Score analysis.

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Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.998

Dividend Share

0.391

Earnings Share

0.54

Revenue Per Share

3.671

Quarterly Revenue Growth

0.015

The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Algonquin Power Utilities Stock Price To Earning

Algonquin Power Utilities Company Price To Earning Analysis

P/E

Market Value Per Share

Earnings Per Share

Current Algonquin Power Price To Earning

Algonquin Price To Earning Driver Correlations

Algonquin Retained Earnings

Retained Earnings

(1.22 Billion)

Algonquin Price To Earning Peer Comparison

Algonquin Power Current Valuation Drivers

Algonquin Power ESG Sustainability

Algonquin Fundamentals

About Algonquin Power Fundamental Analysis

Pair Trading with Algonquin Power

Moving together with Algonquin Stock

Moving against Algonquin Stock

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