Innergex Renewable Energy Stock Performance
| INE Stock | CAD 7.28 0.14 1.96% |
The company retains a Market Volatility (i.e., Beta) of -0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Innergex Renewable are expected to decrease at a much lower rate. During the bear market, Innergex Renewable is likely to outperform the market. At this point, Innergex Renewable Energy has a negative expected return of -0.3%. Please make sure to check out Innergex Renewable's skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Innergex Renewable Energy performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Innergex Renewable Energy has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's technical and fundamental indicators remain very healthy which may send shares a bit higher in March 2025. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Forward Dividend Yield 0.0504 | Payout Ratio | Forward Dividend Rate 0.36 | Dividend Date 2025-01-15 | Ex Dividend Date 2024-12-31 |
1 | Innergex Renewable Energy Price-to-Free-Cash-Flow NA - GuruFocus.com | 12/05/2024 |
2 | Innergex Closes 199.0 Million Non-Recourse Financings for the Ashlu Creek Hydro Facility and the Mesgig Ugjusn Wind Farm - Barchart | 12/17/2024 |
3 | Innergex Renewable Energy Reaches New 1-Year Low - Heres Why - MarketBeat | 01/30/2025 |
| Begin Period Cash Flow | 163 M |
Innergex |
Innergex Renewable Relative Risk vs. Return Landscape
If you would invest 887.00 in Innergex Renewable Energy on November 3, 2024 and sell it today you would lose (159.00) from holding Innergex Renewable Energy or give up 17.93% of portfolio value over 90 days. Innergex Renewable Energy is producing return of less than zero assuming 2.0225% volatility of returns over the 90 days investment horizon. Simply put, 18% of all stocks have less volatile historical return distribution than Innergex Renewable, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Innergex Renewable Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innergex Renewable's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Innergex Renewable Energy, and traders can use it to determine the average amount a Innergex Renewable's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1473
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| Negative Returns | INE |
Estimated Market Risk
| 2.02 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Innergex Renewable is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innergex Renewable by adding Innergex Renewable to a well-diversified portfolio.
Innergex Renewable Fundamentals Growth
Innergex Stock prices reflect investors' perceptions of the future prospects and financial health of Innergex Renewable, and Innergex Renewable fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Innergex Stock performance.
| 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 | ||||
| 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 | ||||
| Earnings Per Share | (0.66) X | ||||
| 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 | ||||
About Innergex Renewable Performance
By examining Innergex Renewable's fundamental ratios, stakeholders can obtain critical insights into Innergex Renewable's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Innergex Renewable is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 63.94 | 60.75 | |
| Return On Tangible Assets | (0.01) | (0.01) | |
| Return On Capital Employed | 0.03 | 0.05 | |
| Return On Assets | (0.01) | (0.01) | |
| Return On Equity | (0.10) | (0.10) |
Things to note about Innergex Renewable Energy performance evaluation
Checking the ongoing alerts about Innergex Renewable for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Innergex Renewable Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Innergex Renewable generated a negative expected return over the last 90 days | |
| Innergex Renewable Energy has accumulated 6.56 B in total debt with debt to equity ratio (D/E) of 4.03, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Innergex Renewable Energy has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Innergex Renewable until it has trouble settling it off, either with new capital or with free cash flow. So, Innergex Renewable's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Innergex Renewable Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Innergex to invest in growth at high rates of return. When we think about Innergex Renewable's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 1.04 B. Net Loss for the year was (105.81 M) with profit before overhead, payroll, taxes, and interest of 746.71 M. | |
| About 20.0% of Innergex Renewable shares are held by company insiders | |
| Latest headline from news.google.com: Innergex Renewable Energy Reaches New 1-Year Low - Heres Why - MarketBeat |
- Analyzing Innergex Renewable's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Innergex Renewable's stock is overvalued or undervalued compared to its peers.
- Examining Innergex Renewable's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Innergex Renewable's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Innergex Renewable's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Innergex Renewable's stock. These opinions can provide insight into Innergex Renewable's potential for growth and whether the stock is currently undervalued or overvalued.
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.