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Boralex Inc
TSX:BLX

Watchlist Manager
Boralex Inc Logo
Boralex Inc
TSX:BLX
Watchlist
Price: 27.24 CAD 0.22%
Market Cap: CA$2.8B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-14%
5Y
-4%
10Y
+293%
Investing Cash Flow
+
3Y
-277%
5Y
-1 370%
10Y
-97%
Financing Cash Flow
+
3Y
+168%
5Y
-
10Y
+57%

Cash Flow Statement
Boralex Inc

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Cash Flow Statement
Currency: CAD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
4
55
54
54
55
4
3
(4)
(3)
(4)
(2)
0
(1)
1
8
11
21
25
21
20
15
17
20
20
22
21
17
22
20
18
19
14
24
19
13
47
35
40
40
(2)
3
3
2
1
(5)
(8)
(3)
(3)
(4)
1
(2)
(4)
(11)
(12)
(15)
(20)
(8)
6
7
12
2
(5)
(5)
(21)
10
17
(9)
(23)
(44)
(39)
(18)
(14)
(43)
(27)
(21)
7
61
55
53
39
26
45
67
33
8
6
14
68
115
133
128
116
74
42
21
5
Depreciation & Amortization
10
10
10
9
7
6
6
7
7
8
8
8
10
8
9
10
11
13
15
18
21
23
22
23
22
21
23
24
24
25
26
26
26
27
29
31
31
38
45
50
58
58
57
58
58
58
57
55
54
60
57
59
60
60
78
87
97
108
119
113
116
126
141
154
172
180
173
201
216
234
247
251
244
237
234
230
237
253
268
283
297
295
294
304
295
296
296
285
293
293
295
299
297
298
303
308
Change in Deffered Taxes
3
9
8
7
7
0
0
(1)
(1)
(1)
(1)
(2)
(2)
(1)
(0)
2
0
0
(3)
(4)
(5)
(2)
2
3
8
9
8
10
9
6
6
4
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Non-Cash Items
(4)
(46)
(45)
(54)
(50)
(12)
(17)
1
(8)
(3)
9
9
9
(4)
(12)
2
(9)
(9)
(4)
(27)
(7)
(4)
(6)
(1)
(0)
3
13
3
1
3
10
10
(7)
29
10
(11)
7
21
39
96
142
138
140
122
43
39
49
61
55
65
45
39
64
66
74
105
106
103
118
84
84
87
93
113
107
114
112
117
138
138
146
151
235
244
235
228
147
135
141
140
157
159
155
144
195
186
168
163
150
160
175
185
167
164
174
178
Cash Taxes Paid
1
1
1
1
5
5
5
5
2
2
2
2
(0)
(1)
(1)
(1)
0
0
0
(0)
1
1
1
1
1
1
1
1
2
2
1
2
2
2
3
3
3
4
4
4
4
5
4
3
5
4
4
5
3
4
3
4
3
2
2
1
2
1
3
6
8
0
7
5
2
0
2
2
3
0
3
2
3
0
5
5
5
7
12
14
14
14
9
7
7
8
19
23
26
27
29
28
30
33
23
25
Cash Interest Paid
13
13
9
6
3
2
2
2
2
2
2
2
3
3
4
4
7
8
10
12
12
13
13
13
12
11
10
10
10
10
9
9
9
13
13
16
24
31
42
44
47
45
46
46
47
47
40
49
49
54
60
53
53
52
57
65
65
68
74
65
66
73
78
86
92
95
95
104
115
114
126
124
123
118
110
103
102
107
112
120
123
121
121
113
105
102
96
101
122
127
131
138
132
135
145
148
Change in Working Capital
0
0
3
8
0
9
0
(16)
0
0
0
0
1
0
0
0
(3)
0
0
0
(10)
0
0
0
(16)
0
0
0
(1)
0
0
0
15
(7)
(10)
(17)
(28)
(37)
(45)
(51)
(42)
(50)
(52)
(48)
(52)
(51)
(44)
(55)
(44)
(46)
(54)
(39)
(58)
(52)
(59)
(84)
(80)
(76)
(76)
(61)
(54)
(81)
(91)
(85)
(144)
(110)
(74)
(101)
(108)
(176)
(157)
(129)
(142)
(92)
(102)
(104)
(83)
(81)
(113)
(139)
(135)
(150)
(154)
(76)
15
132
189
62
(62)
(104)
(122)
(309)
(323)
(347)
(372)
(144)
Cash from Operating Activities
13
N/A
27
+118%
30
+10%
24
-21%
20
-15%
4
-79%
(12)
N/A
(13)
-7%
(6)
+55%
(6)
-9%
14
N/A
15
+8%
18
+18%
5
-72%
4
-25%
24
+529%
19
-19%
29
+52%
29
N/A
6
-79%
14
+119%
23
+67%
27
+17%
35
+28%
35
+1%
38
+7%
46
+21%
43
-6%
54
+27%
53
-2%
61
+15%
54
-12%
61
+13%
69
+14%
43
-39%
49
+16%
45
-9%
62
+39%
78
+25%
93
+19%
161
+74%
150
-7%
147
-2%
133
-10%
44
-67%
38
-14%
58
+55%
58
-1%
61
+6%
81
+31%
46
-43%
54
+17%
55
+2%
62
+14%
77
+24%
88
+14%
115
+30%
141
+23%
168
+19%
147
-12%
148
+0%
126
-15%
138
+9%
161
+17%
145
-10%
201
+39%
202
+0%
194
-4%
202
+4%
157
-22%
218
+39%
259
+19%
294
+14%
362
+23%
346
-4%
361
+4%
362
+0%
362
N/A
349
-4%
323
-7%
345
+7%
349
+1%
362
+4%
405
+12%
513
+27%
620
+21%
667
+8%
578
-13%
496
-14%
482
-3%
476
-1%
291
-39%
215
-26%
157
-27%
126
-20%
347
+175%
Investing Cash Flow
Capital Expenditures
(44)
(44)
(39)
(33)
(23)
(16)
(15)
(13)
(13)
(12)
(15)
(18)
(41)
(45)
(86)
(136)
(136)
(137)
(97)
(41)
(20)
(12)
(17)
(21)
(27)
(45)
(43)
(47)
(50)
(44)
(63)
(81)
(95)
(103)
(119)
(165)
(186)
(176)
(145)
(78)
(36)
(27)
(18)
(17)
(16)
(23)
(68)
(92)
(117)
(134)
(106)
(156)
(175)
(181)
(220)
(287)
(334)
(322)
(290)
(265)
(223)
(258)
(299)
(240)
(231)
(234)
(221)
(267)
(282)
(259)
(242)
(164)
(159)
(142)
(129)
(145)
(145)
(156)
(143)
(128)
(167)
(190)
(256)
(264)
(246)
(275)
(241)
(268)
(280)
(241)
(341)
(330)
(452)
(683)
(705)
(734)
Other Items
(70)
155
155
221
225
(2)
(2)
(14)
(14)
(14)
(13)
(5)
(5)
(4)
(20)
(18)
(21)
(26)
(13)
(15)
(14)
(9)
(2)
1
4
4
(2)
(7)
(9)
(12)
(20)
(16)
(61)
(150)
(119)
(119)
(55)
46
30
23
(51)
(62)
(96)
(87)
(59)
(59)
(30)
(58)
(41)
(60)
(35)
(16)
(190)
(185)
(209)
(206)
(55)
(40)
(41)
(34)
(35)
(100)
(120)
(142)
(114)
(75)
(162)
(337)
(359)
(322)
(254)
(54)
59
61
88
79
(102)
(407)
(403)
(396)
(266)
20
28
7
(438)
(435)
(455)
(427)
12
20
2
(63)
(126)
(218)
(249)
(236)
Cash from Investing Activities
(114)
N/A
111
N/A
116
+4%
188
+62%
202
+7%
(17)
N/A
(17)
+3%
(26)
-55%
(26)
+1%
(26)
0%
(28)
-7%
(22)
+20%
(47)
-110%
(49)
-5%
(106)
-115%
(154)
-45%
(157)
-2%
(164)
-4%
(110)
+33%
(56)
+49%
(34)
+40%
(22)
+36%
(19)
+14%
(20)
-9%
(24)
-16%
(41)
-74%
(45)
-10%
(54)
-20%
(60)
-11%
(57)
+5%
(83)
-47%
(97)
-17%
(156)
-61%
(252)
-62%
(237)
+6%
(284)
-20%
(241)
+15%
(130)
+46%
(115)
+12%
(55)
+52%
(87)
-60%
(89)
-2%
(114)
-28%
(104)
+9%
(75)
+28%
(82)
-9%
(98)
-20%
(150)
-53%
(158)
-6%
(194)
-22%
(141)
+27%
(172)
-23%
(364)
-111%
(366)
0%
(429)
-17%
(494)
-15%
(389)
+21%
(362)
+7%
(331)
+9%
(300)
+10%
(258)
+14%
(358)
-39%
(419)
-17%
(382)
+9%
(345)
+10%
(309)
+10%
(383)
-24%
(604)
-58%
(641)
-6%
(581)
+9%
(496)
+15%
(218)
+56%
(100)
+54%
(81)
+19%
(41)
+49%
(66)
-61%
(247)
-274%
(563)
-128%
(546)
+3%
(524)
+4%
(433)
+17%
(170)
+61%
(228)
-34%
(257)
-13%
(684)
-166%
(710)
-4%
(696)
+2%
(695)
+0%
(268)
+61%
(221)
+18%
(339)
-53%
(393)
-16%
(578)
-47%
(901)
-56%
(954)
-6%
(970)
-2%
Financing Cash Flow
Net Issuance of Common Stock
38
38
0
0
0
0
0
(0)
0
(0)
(0)
1
1
1
0
0
0
0
0
0
0
0
105
105
105
107
2
2
(1)
(1)
(1)
(1)
0
0
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
4
5
5
5
1
119
0
0
2
(114)
3
4
3
2
5
6
6
5
261
259
0
0
0
0
0
0
201
201
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Issuance of Debt
48
(140)
(145)
(171)
(172)
7
3
2
1
4
4
3
27
42
101
141
147
150
89
46
12
(4)
(47)
(49)
(47)
(56)
(13)
(19)
(17)
(13)
(6)
27
54
181
186
312
181
160
149
(11)
(21)
(33)
(36)
(36)
(28)
(20)
2
79
108
132
99
83
271
140
245
297
203
313
226
179
157
233
303
296
266
214
274
248
292
211
109
71
(98)
(26)
(85)
(332)
(107)
77
37
319
163
(62)
(330)
(401)
(382)
(285)
(16)
(8)
(41)
(124)
(6)
62
620
633
728
749
Cash Paid for Dividends
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
0
0
0
0
0
0
0
0
0
(5)
(10)
(15)
(20)
(21)
(23)
(24)
(27)
(29)
(33)
(35)
(36)
(39)
(41)
(43)
(46)
(46)
(46)
(47)
(50)
(54)
(56)
(59)
(60)
(61)
(63)
(65)
(66)
(67)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
(68)
Other
(0)
(7)
(7)
(0)
0
0
0
0
0
0
0
0
0
0
(2)
(3)
(3)
(3)
(2)
(2)
10
10
9
10
(2)
0
0
0
0
0
(0)
(3)
22
0
21
29
75
(29)
(27)
(33)
0
0
18
19
23
23
5
5
3
4
6
7
3
122
7
120
117
(9)
103
(12)
(11)
(10)
(13)
(14)
(12)
(23)
(12)
(27)
(26)
32
16
34
(31)
(78)
(78)
(92)
(28)
(22)
(20)
(13)
(20)
(25)
726
700
711
733
8
31
0
(19)
(74)
(82)
(73)
(82)
(82)
(62)
Cash from Financing Activities
86
N/A
(109)
N/A
(152)
-40%
(171)
-12%
(186)
-9%
7
N/A
3
-52%
1
-64%
0
-83%
3
+1 600%
4
+3%
3
-11%
28
+800%
42
+51%
100
+136%
139
+39%
144
+4%
147
+2%
88
-40%
43
-51%
22
-49%
7
-69%
67
+872%
66
-1%
56
-15%
48
-14%
(11)
N/A
(17)
-50%
(18)
-8%
(14)
+25%
(7)
+53%
24
N/A
76
+222%
203
+169%
207
+2%
341
+65%
255
-25%
130
-49%
121
-7%
(46)
N/A
(22)
+52%
(33)
-53%
(18)
+45%
(18)
+3%
(5)
+70%
3
N/A
7
+156%
84
+1 120%
111
+32%
135
+21%
99
-26%
79
-20%
259
+228%
241
-7%
348
+44%
393
+13%
292
-26%
278
-5%
182
-35%
134
-26%
114
-15%
187
+64%
251
+34%
244
-3%
214
-12%
151
-29%
221
+46%
435
+97%
475
+9%
447
-6%
327
-27%
46
-86%
(189)
N/A
(165)
+13%
(226)
-37%
(288)
-27%
0
N/A
189
N/A
150
-21%
238
+59%
75
-68%
(155)
N/A
328
N/A
231
-30%
261
+13%
380
+46%
(76)
N/A
(45)
+41%
(109)
-142%
(211)
-94%
(148)
+30%
(88)
+41%
479
N/A
483
+1%
578
+20%
619
+7%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
0
0
(0)
0
0
(0)
(2)
(1)
(1)
(1)
1
1
1
(1)
(2)
(2)
0
4
5
14
9
3
(1)
(12)
(16)
(14)
(3)
(4)
3
4
(0)
0
(1)
0
(4)
(1)
(0)
2
4
4
6
1
2
1
(1)
3
5
6
4
2
(0)
(4)
(3)
1
(2)
1
6
2
2
6
(3)
(3)
(5)
(9)
3
2
10
7
(5)
(5)
(9)
(6)
0
5
2
3
4
(2)
1
4
(1)
2
10
(1)
5
12
3
Net Change in Cash
(16)
N/A
29
N/A
(7)
N/A
41
N/A
35
-13%
(7)
N/A
(25)
-279%
(38)
-48%
(32)
+16%
(29)
+9%
(10)
+64%
(4)
+61%
(1)
+78%
(2)
-111%
(3)
-37%
7
N/A
5
-24%
12
+127%
6
-46%
(5)
N/A
3
N/A
9
+168%
75
+719%
78
+5%
65
-16%
45
-31%
(7)
N/A
(23)
-250%
(10)
+57%
(8)
+19%
(26)
-223%
(21)
+19%
(31)
-50%
4
N/A
(2)
N/A
103
N/A
55
-47%
65
+18%
89
+37%
(8)
N/A
52
N/A
26
-50%
14
-45%
7
-49%
(38)
N/A
(42)
-11%
(31)
+26%
(4)
+86%
18
N/A
27
+51%
5
-82%
(38)
N/A
(50)
-31%
(63)
-27%
(1)
+98%
(7)
-545%
24
N/A
60
+147%
20
-67%
(18)
N/A
0
N/A
(47)
N/A
(29)
+38%
21
N/A
15
-29%
49
+227%
42
-14%
27
-36%
42
+56%
20
-52%
46
+130%
82
+78%
(4)
N/A
119
N/A
81
-32%
17
-79%
122
+618%
(17)
N/A
(52)
-206%
28
N/A
(19)
N/A
24
N/A
467
+1 846%
381
-18%
93
-76%
294
+216%
(107)
N/A
(161)
-50%
123
N/A
49
-60%
(9)
N/A
(180)
-1 900%
115
N/A
(256)
N/A
(238)
+7%
(1)
+100%
Free Cash Flow
Free Cash Flow
(32)
N/A
(17)
+46%
(9)
+46%
(9)
N/A
(3)
+71%
(12)
-333%
(26)
-125%
(25)
+5%
(18)
+28%
(18)
N/A
(1)
+94%
(3)
-127%
(23)
-836%
(40)
-72%
(82)
-104%
(112)
-37%
(117)
-4%
(108)
+7%
(68)
+37%
(35)
+49%
(6)
+82%
11
N/A
11
-2%
13
+26%
8
-40%
(8)
N/A
3
N/A
(4)
N/A
4
N/A
9
+120%
(2)
N/A
(27)
-1 581%
(34)
-27%
(34)
+1%
(76)
-125%
(115)
-51%
(141)
-22%
(114)
+19%
(67)
+41%
15
N/A
125
+722%
122
-2%
128
+5%
116
-10%
28
-76%
14
-48%
(10)
N/A
(34)
-248%
(56)
-64%
(54)
+4%
(60)
-13%
(103)
-70%
(120)
-17%
(119)
+1%
(143)
-20%
(199)
-39%
(219)
-10%
(181)
+17%
(122)
+32%
(118)
+3%
(75)
+36%
(132)
-76%
(161)
-22%
(79)
+51%
(86)
-9%
(33)
+62%
(19)
+42%
(73)
-284%
(80)
-10%
(102)
-28%
(24)
+76%
95
N/A
135
+42%
220
+63%
217
-1%
216
0%
217
+0%
206
-5%
206
N/A
195
-5%
178
-9%
159
-11%
106
-33%
141
+33%
267
+89%
345
+29%
426
+23%
310
-27%
216
-30%
241
+12%
135
-44%
(39)
N/A
(237)
-508%
(526)
-122%
(579)
-10%
(387)
+33%

See Also

Summary
BLX intrinsic value, competitors valuation, and company profile.
DCF Valuation
BLX stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BLX stock valuation using valuation multiples.
Wall Street Estimates
BLX price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BLX stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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