Innergex Renewable Energy Stock Current Valuation
| INE Stock | CAD 7.28 0.14 1.96% |
Valuation analysis of Innergex Renewable Energy helps investors to measure Innergex Renewable's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. At this time, Innergex Renewable's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 1st of February 2025, Enterprise Value Multiple is likely to grow to 14.67, while Enterprise Value is likely to drop about 4.7 B. Fundamental drivers impacting Innergex Renewable's valuation include:
Overvalued
Today
Please note that Innergex Renewable's price fluctuation is somewhat reliable at this time. Calculation of the real value of Innergex Renewable Energy is based on 3 months time horizon. Increasing Innergex Renewable's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Innergex Renewable is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Innergex Stock. However, Innergex Renewable's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 7.28 | Real 6.47 | Hype 7.31 | Naive 6.84 |
The intrinsic value of Innergex Renewable's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Innergex Renewable's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Innergex Renewable Energy helps investors to forecast how Innergex stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Innergex Renewable more accurately as focusing exclusively on Innergex Renewable's fundamentals will not take into account other important factors: Innergex Renewable Energy Company Current Valuation Analysis
Innergex Renewable's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Innergex Renewable Current Valuation | 7.8 B |
Most of Innergex Renewable's fundamental indicators, such as Current Valuation, 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, Innergex Renewable Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Innergex Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Innergex Renewable is extremely important. It helps to project a fair market value of Innergex Stock properly, considering its historical fundamentals such as Current Valuation. Since Innergex Renewable'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 Innergex Renewable'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 Innergex Renewable's interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Innergex Renewable Energy has a Current Valuation of 7.8 B. This is 25.94% lower than that of the Independent Power and Renewable Electricity Producers sector and significantly higher than that of the Utilities industry. The current valuation for all Canada stocks is 53.05% higher than that of the company.
Innergex Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innergex Renewable's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Innergex Renewable could also be used in its relative valuation, which is a method of valuing Innergex Renewable by comparing valuation metrics of similar companies.Innergex Renewable is currently under evaluation in current valuation category among its peers.
Innergex Fundamentals
| Return On Equity | -0.0921 | ||||
| Return On Asset | 0.0202 | ||||
| Profit Margin | (0.12) % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 7.8 B | ||||
| Shares Outstanding | 202.41 M | ||||
| Shares Owned By Insiders | 20.40 % | ||||
| Shares Owned By Institutions | 36.08 % | ||||
| Number Of Shares Shorted | 5.09 M | ||||
| Price To Earning | 98.93 X | ||||
| Price To Book | 1.60 X | ||||
| Price To Sales | 1.41 X | ||||
| Revenue | 1.04 B | ||||
| Gross Profit | 746.71 M | ||||
| EBITDA | 531.32 M | ||||
| Net Income | (105.81 M) | ||||
| Cash And Equivalents | 162.97 M | ||||
| Cash Per Share | 1.31 X | ||||
| Total Debt | 6.56 B | ||||
| Debt To Equity | 4.03 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | 4.44 X | ||||
| Cash Flow From Operations | 297.85 M | ||||
| Short Ratio | 9.56 X | ||||
| Earnings Per Share | (0.66) X | ||||
| Price To Earnings To Growth | 2.25 X | ||||
| Target Price | 11.5 | ||||
| Number Of Employees | 602 | ||||
| Beta | 0.38 | ||||
| Market Capitalization | 1.45 B | ||||
| Total Asset | 8.94 B | ||||
| Retained Earnings | (1.76 B) | ||||
| Working Capital | (48.34 M) | ||||
| Current Asset | 397.35 M | ||||
| Current Liabilities | 185.17 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 4.49 % | ||||
| Net Asset | 8.94 B | ||||
| Last Dividend Paid | 0.45 |
About Innergex Renewable Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innergex Renewable Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innergex Renewable using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innergex Renewable Energy 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 Innergex Renewable
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 Innergex Renewable 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 Innergex Renewable will appreciate offsetting losses from the drop in the long position's value.Moving against Innergex Stock
| 0.81 | STC | Sangoma Technologies Corp Earnings Call This Week | PairCorr |
| 0.79 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.75 | AMZN | Amazon CDR | PairCorr |
| 0.7 | JPM | JPMorgan Chase | PairCorr |
| 0.7 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to Innergex Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innergex Renewable 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 Innergex Renewable - 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 Innergex Renewable Energy to buy it.
The correlation of Innergex Renewable 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 Innergex Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innergex Renewable Energy 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 Innergex Renewable 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.Other Information on Investing in Innergex Stock
Innergex Renewable financial ratios help investors to determine whether Innergex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innergex with respect to the benefits of owning Innergex Renewable security.