Boralex (BRLXF) versus The Competition Financial Analysis

Boralex (OTCMKTS:BRLXF) is one of 141 publicly-traded companies in the “Independent Power & Renewable Electricity Producers” industry, but how does it weigh in compared to its peers? We will compare Boralex to similar businesses based on the strength of its risk, dividends, profitability, valuation, earnings, institutional ownership and analyst recommendations.

Insider and Institutional Ownership

57.0% of Boralex shares are held by institutional investors. Comparatively, 35.4% of shares of all “Independent Power & Renewable Electricity Producers” companies are held by institutional investors. 21.7% of shares of all “Independent Power & Renewable Electricity Producers” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Earnings & Valuation

This table compares Boralex and its peers gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Boralex	N/A	N/A	-206.85
Boralex Competitors	$6.34 billion	$832.84 million	-2.18

Boralex’s peers have higher revenue and earnings than Boralex. Boralex is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Boralex and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Boralex	N/A	N/A	N/A
Boralex Competitors	-42.77%	13.97%	0.82%

Dividends

Boralex pays an annual dividend of $0.39 per share and has a dividend yield of 1.5%. Boralex pays out -309.1% of its earnings in the form of a dividend. As a group, “Independent Power & Renewable Electricity Producers” companies pay a dividend yield of 6.6% and pay out 483.0% of their earnings in the form of a dividend.

Analyst Ratings

This is a breakdown of current recommendations for Boralex and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Boralex	0	2	1	0	2.33
Boralex Competitors	913	2910	3682	176	2.41

As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 144.44%. Given Boralex’s peers stronger consensus rating and higher probable upside, analysts clearly believe Boralex has less favorable growth aspects than its peers.

Summary

Boralex peers beat Boralex on 10 of the 13 factors compared.

About Boralex

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.