Innergex Renewable Energy, Inc. (INE) Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Comparison

Company

Score

Quality

Valuation

Financial

Technical

Algonquin Power & Utilities Corp.

Emera, Inc.

ATCO Ltd.

Capital Power Corp.

Hydro One Ltd.

Innergex Renewable Energy, Inc.

Northland Power, Inc.

Brookfield Renewable Partners LP

TransAlta Corp.

Boralex, Inc.

TransAlta Renewables, Inc.

Why is Innergex Renewable Energy, Inc. ?

Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 4.27%

Poor long term growth as Operating profit has grown by an annual rate 8.70% of over the last 5 years
High Debt Company with a Debt to Equity ratio (avg) at times

Real-Time Research Report

Verdict Report

How much should you sell?

All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Power)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Innergex Renewable Energy, Inc. for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

Innergex Renewable Energy, Inc.

-100.0%

0.15

61.77%

S&P/TSX 60

19.1%

1.36

14.41%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

13.84%

EBIT Growth (5y)

10.39%

EBIT to Interest (avg)

0.97

Debt to EBITDA (avg)

9.04

Net Debt to Equity (avg)

5.85

Sales to Capital Employed (avg)

0.13

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

710.06%

Pledged Shares

Institutional Holding

0.00%

ROCE (avg)

4.39%

ROE (avg)

3.87%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.55

EV to EBIT

27.42

EV to EBITDA

12.72

EV to Capital Employed

1.23

EV to Sales

8.55

PEG Ratio

Dividend Yield

ROCE (Latest)

4.48%

ROE (Latest)

3.30%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bollinger Bands

Sideways

Bullish

Moving Averages

Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

No Trend

OBV

Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

14What is working for the Company

NET PROFIT(HY)

Higher at CAD 51.38 MM

ROCE(HY)

Highest at 4.2%

PRE-TAX PROFIT(Q)

At CAD 2.69 MM has Grown at 117%

RAW MATERIAL COST(Y)

Fallen by -5.04% (YoY

-14What is not working for the Company

OPERATING CASH FLOW(Y)

Lowest at CAD 279.01 MM

NET PROFIT(Q)

At CAD -11.91 MM has Fallen at -429.69%

DEBTORS TURNOVER RATIO(HY)

Lowest at 3.91%

INTEREST COVERAGE RATIO(Q)

Lowest at 185.99

INTEREST(Q)

Highest at CAD 95.61 MM

OPERATING PROFIT MARGIN(Q)

Lowest at 65.5 %

Here's what is working for Innergex Renewable Energy, Inc.

Pre-Tax Profit

At CAD 2.69 MM has Grown at 117%

over average net sales of the previous four periods of CAD -15.81 MM

MOJO Watch

Near term Pre-Tax Profit trend is very positive

Pre-Tax Profit (CAD MM)

Raw Material Cost

Fallen by -5.04% (YoY)

MOJO Watch

The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin

Raw Material Cost as a percentage of Sales

Depreciation

Highest at CAD 102.4 MM

in the last five periods

MOJO Watch

The expenditure on assets done by the company may have gone into operation

Depreciation (CAD MM)

Here's what is not working for Innergex Renewable Energy, Inc.

Net Profit

At CAD -11.91 MM has Fallen at -429.69%

over average net sales of the previous four periods of CAD 3.61 MM

MOJO Watch

Near term Net Profit trend is very negative

Net Profit (CAD MM)

Operating Cash Flow

Lowest at CAD 279.01 MM and Fallen

In each year in the last three years

MOJO Watch

The company's cash revenues from business operations are falling

Operating Cash Flows (CAD MM)

Interest

At CAD 95.61 MM has Grown at 17.66%

period on period (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (CAD MM)

Interest Coverage Ratio

Lowest at 185.99

in the last five periods

MOJO Watch

The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Debtors Turnover Ratio

Lowest at 3.91% and Fallen

In each half year in the last five Semi-Annual periods

MOJO Watch

Company's pace of selling Debtors has slowed

Debtors Turnover Ratio

Interest

Highest at CAD 95.61 MM

in the last five periods and Increased by 17.66% (QoQ)

MOJO Watch

Rising interest cost signifies increased borrowings

Interest Paid (CAD MM)

Operating Profit Margin

Lowest at 65.5 %

in the last five periods

MOJO Watch

Company's profit margin has deteriorated

Operating Profit to Sales