Innergex Renewable Energy Inc
TSX:INE
Intrinsic Value
Innergex Renewable Energy, Inc. engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation... [ Read More ]
The intrinsic value of one
INE
stock under the Base Case scenario is
38.68
CAD.
Compared to the current market price of 7.97 CAD,
Innergex Renewable Energy Inc
is
Undervalued by 79%.
Innergex Renewable Energy Inc's market capitalization is 1.7B CAD.
INE stock price is 7.97 CAD.
INE stock price (7.97 CAD) is 79% less than its Intrinsic Value (38.68 CAD).
INE. Open DCF Valuation
INE has upside potential of 45% compared to the average analyst price target.
Open Wall St Estimates
INE's ROIC (Return on Invested Capital) has decreased in the last 3 years from 3% to 3%.
INE's Revenue is forecast to grow at a rate of 3% per year over the next 3 years.
INE's long-term assets (9B CAD) exceed its long-term liabilties (8B CAD).
INE's Revenue has grown by 11% over the past 12 months.
INE's short-term liabilties (566m CAD) exceed its short-term assets (518m CAD).
INE's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 3%.
INE's ROE (Return on Equity) has significantly increased in the last 3 years from -20% to -9%, and is approaching profitability.
INE has negative Free Cash Flow for the last twelve months.
INE's Revenue has been growing by 19% per year for the last 3 years.
INE has a very low three-year average ROIC (Return on Invested Capital): 3%. The company is not efficient at using invested capital to generate operating income.
INE's ROE (Return on Equity) for the past 12 months is negative and is equal to -9%.
INE has positive Operating Income for the last twelve months.
INE has negative Net Income for the last twelve months.
INE has positive Gross Profit for the last twelve months.
INE has negative three-year average ROE (Return on Equity): -9%. The company is not efficient at transforming stockholders' equity into net income.
INE has positive Net Debt. This means that the company has more debt (6B CAD) than cash and short-term investments (159m CAD).
INE's D/E (Debt to Equity) is very high and is equal to 5.55.
INE's Altman Z-Score is very low and is equal to 0.09.
INE generates enough operating income (351m CAD) to cover interest payments on its debt (284m CAD).
Valuation Backtest
Innergex Renewable Energy Inc
Run backtest to discover the historical profit from buying and selling
INE
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Innergex Renewable Energy Inc
Balance Sheet Decomposition
Innergex Renewable Energy Inc
| Current Assets | 518.1m |
| Cash & Short-Term Investments | 159.2m |
| Receivables | 232.7m |
| Other Current Assets | 126.2m |
| Non-Current Assets | 8.4B |
| Long-Term Investments | 130m |
| PP&E | 6.6B |
| Intangibles | 1.4B |
| Other Non-Current Assets | 281.2m |
| Current Liabilities | 566.4m |
| Accounts Payable | 280.4m |
| Other Current Liabilities | 286.1m |
| Non-Current Liabilities | 7.3B |
| Long-Term Debt | 6B |
| Other Non-Current Liabilities | 1.3B |
Earnings Waterfall
Innergex Renewable Energy Inc
|
Revenue
|
1B
CAD
|
|
Cost of Revenue
|
-232.8m
CAD
|
|
Gross Profit
|
808.8m
CAD
|
|
Operating Expenses
|
-457.7m
CAD
|
|
Operating Income
|
351.1m
CAD
|
|
Other Expenses
|
-455.2m
CAD
|
|
Net Income
|
-104.1m
CAD
|
Free Cash Flow Analysis
Innergex Renewable Energy Inc
INE Profitability Score
Profitability Due Diligence
Innergex Renewable Energy Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.
Score
Innergex Renewable Energy Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.
INE Solvency Score
Solvency Due Diligence
Innergex Renewable Energy Inc's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Score
Innergex Renewable Energy Inc's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
INE Price Targets Summary
Innergex Renewable Energy Inc
According to Wall Street analysts, the average 1-year price target for
INE
is 11.54 CAD
with a low forecast of 9.09 CAD and a high forecast of 16.8 CAD.
Shareholder Return
INE Price
Innergex Renewable Energy Inc
| Average Annual Return | 14.26% |
| Standard Deviation of Annual Returns | 44.99% |
| Max Drawdown | -76% |
| Market Capitalization | 1.7B CAD |
| Shares Outstanding | 203 564 200 |
| Percentage of Shares Shorted | 4.32% |
Company Profile
Innergex Renewable Energy Inc
Country
Industry
Market Cap
Dividend Yield
Description
Innergex Renewable Energy, Inc. engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. The company is headquartered in Longueuil, Quebec and currently employs 488 full-time employees. The company went IPO on 2007-11-28. The firm develops, acquires, owns and operates renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The firm has three operating segments: hydroelectric power generation; wind power generation and solar power generation. Through its hydroelectric, wind power and solar power generation segments, it sells electricity produced by its hydroelectric, wind farm and solar facilities to publicly owned utilities or other creditworthy counterparties. The company owns interests in approximately 40 hydroelectric facilities, 32 wind farms and eight solar farms. The company owns and operates approximately 80 facilities in commercial operation. The firm's geographic segments include Canada, the United States, France and Chile.
Contact
IPO
Employees
Officers
The intrinsic value of one
INE
stock under the Base Case scenario is
38.68
CAD.
Compared to the current market price of 7.97 CAD,
Innergex Renewable Energy Inc
is
Undervalued by 79%.
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