Boralex Current Valuation vs. EBITDA
| BLX Stock | CAD 29.63 0.49 1.63% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.6 | 0.6282 |
|
| |||||
| Operating Profit Margin | 0.21 | 0.2211 |
|
|
For Boralex profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Boralex to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Boralex utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Boralex's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Boralex over time as well as its relative position and ranking within its peers.
Boralex |
Boralex EBITDA vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Boralex's current stock value. Our valuation model uses many indicators to compare Boralex value to that of its competitors to determine the firm's financial worth. Boralex is rated fifth in current valuation category among its peers. It also is rated fifth in ebitda category among its peers totaling about 0.09 of EBITDA per Current Valuation. The ratio of Current Valuation to EBITDA for Boralex is roughly 11.00 . At this time, Boralex's EBITDA is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Boralex by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Boralex's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Boralex Current Valuation vs. Competition
Boralex is rated fifth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities industry is currently estimated at about 89.33 Billion. Boralex holds roughly 6.53 Billion in current valuation claiming about 7% of Utilities industry.
Boralex EBITDA vs. Current Valuation
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.
Boralex |
| = | 6.53 B |
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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Boralex |
| = | 593 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Boralex EBITDA Comparison
Boralex is currently under evaluation in ebitda category among its peers.
Boralex Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Boralex, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Boralex will eventually generate negative long term returns. The profitability progress is the general direction of Boralex's change in net profit over the period of time. It can combine multiple indicators of Boralex, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 112 M | 117.6 M | |
| Operating Income | 226 M | 237.3 M | |
| Net Income | 115 M | 120.8 M | |
| Income Tax Expense | 39 M | 41 M | |
| Income Before Tax | 154 M | 161.7 M | |
| Total Other Income Expense Net | 37 M | 38.9 M | |
| Net Income From Continuing Ops | 115 M | 120.8 M | |
| Net Income Applicable To Common Shares | 34.5 M | 36.2 M | |
| Interest Income | 16 M | 15.2 M | |
| Net Interest Income | -129 M | -135.4 M | |
| Change To Netincome | 73.6 M | 77.3 M | |
| Net Income Per Share | 0.76 | 0.80 | |
| Income Quality | 6.36 | 6.68 | |
| Net Income Per E B T | 0.51 | 0.84 |
Boralex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Boralex. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Boralex position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Boralex's important profitability drivers and their relationship over time.
Use Boralex in pair-trading
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 Boralex 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 Boralex will appreciate offsetting losses from the drop in the long position's value.Boralex Pair Trading
Boralex Pair Trading Analysis
The ability to find closely correlated positions to Boralex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boralex 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 Boralex - 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 Boralex to buy it.
The correlation of Boralex 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 Boralex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boralex 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 Boralex 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.Use Investing Themes to Complement your Boralex position
In addition to having Boralex in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large & Mid Caps ETFs Thematic Idea Now
Large & Mid Caps ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Large & Mid Caps ETFs theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large & Mid Caps ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Boralex Stock
To fully project Boralex's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Boralex at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Boralex's income statement, its balance sheet, and the statement of cash flows.