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Boralex Inc. (BLX.TO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Boralex Inc. (BLX.TO)

Equity · Currency in CAD · Last updated Nov 14, 2024

Company Info

ISINCA09950M3003
CUSIP09950M300
SectorUtilities
IndustryUtilities - Renewable

Highlights

Market CapCA$3.39B
EPS (TTM)CA$0.92
PE Ratio35.34
PEG Ratio2.22
Total Revenue (TTM)CA$781.00M
Gross Profit (TTM)CA$346.00M
EBITDA (TTM)CA$488.00M
Year RangeCA$25.99 - CA$36.63
Target PriceCA$42.20
Short %1.41%
Short Ratio3.84

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Popular comparisons: BLX.TO vs. INE.TO, BLX.TO vs. H.TO, BLX.TO vs. NOA.TO, BLX.TO vs. FTS, BLX.TO vs. TLT, BLX.TO vs. DG.PA, BLX.TO vs. HYDR

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in Boralex Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
3.67%
16.13%
BLX.TO (Boralex Inc.)
Benchmark (^GSPC)

Returns By Period

Boralex Inc. had a return of -1.04% year-to-date (YTD) and 11.85% in the last 12 months. Over the past 10 years, Boralex Inc. had an annualized return of 12.50%, outperforming the S&P 500 benchmark which had an annualized return of 11.39%.

PeriodReturnBenchmark
Year-To-Date-1.04%25.48%
1 month-4.98%2.14%
6 months5.52%12.76%
1 year11.85%33.14%
5 years (annualized)9.00%13.96%
10 years (annualized)12.50%11.39%

Monthly Returns

The table below presents the monthly returns of BLX.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-3.71%-7.47%-4.06%-3.46%25.80%-3.12%2.24%-5.32%11.50%-6.98%-1.04%
2023-6.97%-1.89%13.20%-4.01%-4.60%-3.84%-5.41%-3.44%-10.98%-11.55%20.14%9.24%-14.13%
2022-4.70%12.52%9.48%-4.96%0.68%11.06%8.35%6.91%-11.37%-11.94%-1.67%5.85%17.38%
20216.20%-11.38%-10.75%-0.30%-5.33%1.67%4.03%-1.09%-3.28%2.41%-4.88%-4.36%-25.27%
202012.84%4.37%-12.74%7.80%6.96%7.85%13.07%-3.63%14.90%0.68%6.36%15.11%97.24%
201910.99%0.35%1.99%-3.53%1.84%6.66%1.37%4.43%9.43%-3.67%14.80%-1.57%50.09%
20180.60%0.34%-5.09%2.59%-4.32%-3.39%-5.60%-2.56%-6.14%-5.71%6.27%-5.92%-26.06%
20173.60%2.58%6.24%-2.66%6.61%-0.72%1.41%-1.21%-1.65%6.65%3.11%0.09%26.14%
20165.67%6.65%-0.37%2.05%9.79%8.77%2.47%-9.65%4.58%2.83%-8.41%9.55%36.69%
20155.91%-3.92%2.55%4.29%2.68%-5.75%4.59%-2.84%-4.57%9.18%-3.94%9.21%17.01%
201413.59%8.39%-1.44%-1.85%6.98%0.22%1.25%0.08%-3.38%0.08%2.82%-4.03%23.45%
2013-0.22%4.26%11.64%-5.26%8.03%-1.38%-0.47%-0.93%-0.66%-0.38%4.29%-1.10%17.99%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BLX.TO is 56, suggesting that the investment has average results relative to other stocks in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

The Risk-Adjusted Performance Rank of BLX.TO is 5656
Combined Rank
The Sharpe Ratio Rank of BLX.TO is 6161Sharpe Ratio Rank
The Sortino Ratio Rank of BLX.TO is 5656Sortino Ratio Rank
The Omega Ratio Rank of BLX.TO is 5151Omega Ratio Rank
The Calmar Ratio Rank of BLX.TO is 5555Calmar Ratio Rank
The Martin Ratio Rank of BLX.TO is 5757Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Boralex Inc. (BLX.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

BLX.TO
Sharpe ratio
The chart of Sharpe ratio for BLX.TO, currently valued at 0.65, compared to the broader market-4.00-2.000.002.004.000.65
Sortino ratio
The chart of Sortino ratio for BLX.TO, currently valued at 1.19, compared to the broader market-4.00-2.000.002.004.006.001.19
Omega ratio
The chart of Omega ratio for BLX.TO, currently valued at 1.13, compared to the broader market0.501.001.502.001.13
Calmar ratio
The chart of Calmar ratio for BLX.TO, currently valued at 0.37, compared to the broader market0.002.004.006.000.37
Martin ratio
The chart of Martin ratio for BLX.TO, currently valued at 1.79, compared to the broader market0.0010.0020.0030.001.79
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.91, compared to the broader market-4.00-2.000.002.004.002.91
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.88, compared to the broader market-4.00-2.000.002.004.006.003.88
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.55, compared to the broader market0.501.001.502.001.55
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 4.20, compared to the broader market0.002.004.006.004.20
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 18.80, compared to the broader market0.0010.0020.0030.0018.80

Sharpe Ratio

The current Boralex Inc. Sharpe ratio is 0.65. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Boralex Inc. with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
0.65
3.29
BLX.TO (Boralex Inc.)
Benchmark (^GSPC)

Dividends

Dividend History

Boralex Inc. provided a 2.07% dividend yield over the last twelve months, with an annual payout of CA$0.68 per share. The company has been increasing its dividends for 9 consecutive years.

1.50%2.00%2.50%3.00%3.50%4.00%CA$0.00CA$0.10CA$0.20CA$0.30CA$0.40CA$0.50CA$0.60CA$0.702014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020201920182017201620152014
DividendCA$0.68CA$0.68CA$0.68CA$0.68CA$0.68CA$0.67CA$0.63CA$0.60CA$0.55CA$0.52CA$0.52

Dividend yield

2.07%2.02%1.70%1.96%1.44%2.72%3.74%2.55%2.87%3.60%4.05%

Monthly Dividends

The table displays the monthly dividend distributions for Boralex Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.00CA$0.51
2023CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.68
2022CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.68
2021CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.68
2020CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.68
2019CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.00CA$0.17CA$0.00CA$0.67
2018CA$0.00CA$0.15CA$0.00CA$0.00CA$0.16CA$0.00CA$0.00CA$0.16CA$0.00CA$0.00CA$0.17CA$0.00CA$0.63
2017CA$0.00CA$0.15CA$0.00CA$0.00CA$0.15CA$0.00CA$0.00CA$0.15CA$0.00CA$0.00CA$0.15CA$0.00CA$0.60
2016CA$0.00CA$0.13CA$0.00CA$0.00CA$0.14CA$0.00CA$0.00CA$0.14CA$0.00CA$0.00CA$0.14CA$0.00CA$0.55
2015CA$0.00CA$0.13CA$0.00CA$0.00CA$0.13CA$0.00CA$0.00CA$0.13CA$0.00CA$0.00CA$0.13CA$0.00CA$0.52
2014CA$0.13CA$0.00CA$0.00CA$0.13CA$0.00CA$0.00CA$0.13CA$0.00CA$0.00CA$0.13CA$0.00CA$0.52

Dividend Yield & Payout

Dividend Yield
5.0%10.0%15.0%2.1%
Boralex Inc. has a dividend yield of 2.07%, which is quite average when compared to the overall market.
Payout Ratio
200.0%400.0%600.0%68.7%
Boralex Inc. has a payout ratio of 68.69%, which is quite average when compared to the overall market. This suggests that Boralex Inc. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-36.65%
0
BLX.TO (Boralex Inc.)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Boralex Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Boralex Inc. was 73.68%, occurring on Mar 30, 2009. Recovery took 1785 trading sessions.

The current Boralex Inc. drawdown is 36.65%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-73.68%Oct 30, 2007356Mar 30, 20091785May 11, 20162141
-72.77%Jun 19, 2001461Apr 24, 2003765May 12, 20061226
-64.29%Jan 20, 1997386Aug 28, 1998628Mar 28, 20011014
-51.38%Jan 13, 2021696Oct 20, 2023———
-42.14%Feb 24, 202021Mar 23, 202071Jul 3, 202092

Volatility

Volatility Chart

The current Boralex Inc. volatility is 8.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

2.00%4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
8.34%
4.13%
BLX.TO (Boralex Inc.)
Benchmark (^GSPC)

Financials

Financial Performance

The chart below illustrates the trends in the financial health of Boralex Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Annual
Quarterly
0.0

Valuation

The Valuation section provides an assessment of the market value of Boralex Inc. compared to its peers in the Utilities - Renewable industry.

PE Ratio
100.0200.0300.035.3
The chart displays the price to earnings (P/E) ratio for BLX.TO in comparison to other companies of the Utilities - Renewable industry. Currently, BLX.TO has a PE value of 35.3. This PE ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.
PEG Ratio
5.010.015.02.2
The chart displays the price to earnings to growth (PEG) ratio for BLX.TO in comparison to other companies of the Utilities - Renewable industry. Currently, BLX.TO has a PEG value of 2.2. This PEG ratio is much higher than those of other companies of the industry. This might be an indicator of the company being overvalued.

Historical P/E Ratio Chart

The chart below displays the historical trend of the price-to-earnings (P/E) ratio for Boralex Inc..

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Income Statement

Income Statement
Balance Sheet
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Quarterly
TTM
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EBITDA

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EBIT

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Earnings From Continuing Operations

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Net Income

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Income Tax Expense

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Other Non-Operating Income (Expenses)

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Extraordinary Items

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Discontinued Operations

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Effect Of Accounting Charges

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Minority Interest

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Interest Income

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Values in undefined except per share items