Boralex Stock Current Valuation
| BLX Stock | CAD 27.31 0.15 0.55% |
Valuation analysis of Boralex helps investors to measure Boralex's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of the 27th of April 2024, Enterprise Value is likely to grow to about 6.9 B, while Enterprise Value Over EBITDA is likely to drop 5.96. Fundamental drivers impacting Boralex's valuation include:
Price Book 1.7058 | Enterprise Value 6.3 B | Enterprise Value Ebitda 10.3856 | Price Sales 2.719 | Forward PE 25.5102 |
Undervalued
Today
Please note that Boralex's price fluctuation is very steady at this time. Calculation of the real value of Boralex is based on 3 months time horizon. Increasing Boralex's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Boralex is useful when determining the fair value of the Boralex stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Boralex. Since Boralex is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Boralex Stock. However, Boralex'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 27.31 | Real 28.44 | Hype 27.26 |
The real value of Boralex Stock, also known as its intrinsic value, is the underlying worth of Boralex Company, which is reflected in its stock price. It is based on Boralex's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Boralex'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 Boralex'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 Boralex helps investors to forecast how Boralex 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 Boralex more accurately as focusing exclusively on Boralex's fundamentals will not take into account other important factors: Boralex Company Current Valuation Analysis
Boralex'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 Boralex Current Valuation | 6.34 B |
Most of Boralex'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, Boralex is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Boralex Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Boralex is extremely important. It helps to project a fair market value of Boralex Stock properly, considering its historical fundamentals such as Current Valuation. Since Boralex'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 Boralex'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 Boralex'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, Boralex has a Current Valuation of 6.34 B. This is 39.88% 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 61.89% higher than that of the company.
Boralex Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Boralex'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 Boralex could also be used in its relative valuation, which is a method of valuing Boralex by comparing valuation metrics of similar companies.Boralex is currently under evaluation in current valuation category among related companies.
Boralex Current Valuation Drivers
We derive many important indicators used in calculating different scores of Boralex from analyzing Boralex's financial statements. These drivers represent accounts that assess Boralex's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Boralex's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.2B | 4.7B | 3.6B | 4.1B | 3.5B | 3.6B | |
| Enterprise Value | 5.3B | 8.2B | 7.2B | 7.4B | 6.6B | 6.9B |
Boralex Fundamentals
| Return On Equity | 0.0568 | ||||
| Return On Asset | 0.0235 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.36 % | ||||
| Current Valuation | 6.34 B | ||||
| Shares Outstanding | 102.77 M | ||||
| Shares Owned By Insiders | 0.15 % | ||||
| Shares Owned By Institutions | 60.60 % | ||||
| Number Of Shares Shorted | 658.83 K | ||||
| Price To Book | 1.71 X | ||||
| Price To Sales | 2.72 X | ||||
| Revenue | 1.02 B | ||||
| Gross Profit | 578 M | ||||
| EBITDA | 516 M | ||||
| Net Income | 78 M | ||||
| Cash And Equivalents | 361 M | ||||
| Cash Per Share | 2.96 X | ||||
| Total Debt | 277 M | ||||
| Debt To Equity | 4.22 % | ||||
| Current Ratio | 1.26 X | ||||
| Book Value Per Share | 15.85 X | ||||
| Cash Flow From Operations | 496 M | ||||
| Short Ratio | 2.63 X | ||||
| Earnings Per Share | 0.76 X | ||||
| Price To Earnings To Growth | 0.91 X | ||||
| Target Price | 39.0 | ||||
| Number Of Employees | 753 | ||||
| Beta | 0.41 | ||||
| Market Capitalization | 2.81 B | ||||
| Total Asset | 6.57 B | ||||
| Retained Earnings | 183 M | ||||
| Working Capital | 56 M | ||||
| Current Asset | 200.56 M | ||||
| Current Liabilities | 280.22 M | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 2.90 % | ||||
| Net Asset | 6.57 B | ||||
| Last Dividend Paid | 0.66 |
About Boralex Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Boralex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Boralex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Boralex 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boralex in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boralex's short interest history, or implied volatility extrapolated from Boralex options trading.
Pair Trading with Boralex
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.Moving against Boralex Stock
| 0.86 | VCM | Vecima Networks | PairCorr |
| 0.83 | CNQ | Canadian Natural Res Earnings Call This Week | PairCorr |
| 0.72 | ASM | Avino Silver Gold | PairCorr |
| 0.71 | BRC | Blackrock Silver Corp Earnings Call This Week | PairCorr |
| 0.45 | CDAY | Ceridian HCM Holding Earnings Call This Week | PairCorr |
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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Boralex Stock analysis
When running Boralex's price analysis, check to measure Boralex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boralex is operating at the current time. Most of Boralex's value examination focuses on studying past and present price action to predict the probability of Boralex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boralex's price. Additionally, you may evaluate how the addition of Boralex to your portfolios can decrease your overall portfolio volatility.
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