Valuation Boralex Inc.

Equities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2026-01-23 EST			5-day change	1st Jan Change
25.82 ^CAD	+0.43%		-3.94%	+1.93%

01-21	Utilities Up, But not by Much, on Rotation Out of Defensive Sectors - Utilities Roundup	DJ
01-21	Toronto Stocks Edge Higher; Teck Resources Rises on 4Q Output, Reaffirmed Medium-Term Outlook	DJ

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	4,845	3,559	4,113	3,461	2,950	2,653	2,653	-
Change	-	-26.54%	15.56%	-15.84%	-14.76%	-10.08%	0%	-
Enterprise Value (EV) ¹	8,177	7,212	7,359	6,602	6,376	7,002	6,988	6,981
Change	-	-11.8%	2.03%	-10.28%	-3.42%	9.81%	-0.2%	-0.1%
P/E ratio	85.9x	217x	133x	44.3x	82x	47.7x	24x	22.5x
PBR	4.9x	3.56x	2.45x	2.13x	1.84x	1.33x	1.32x	1.35x
PEG	-	-3.1x	1.5x	0x	-1.5x	0.9x	0.2x	3.33x
Capitalization / Revenue	7.83x	5.3x	5.03x	3.48x	3.61x	3.14x	2.74x	2.66x
EV / Revenue	13.2x	10.7x	9x	6.64x	7.8x	8.29x	7.21x	7x
EV / EBITDA	15.9x	13.5x	13.3x	9.78x	11x	10.5x	9.16x	8.72x
EV / EBIT	43x	30.3x	65.7x	29.2x	28.2x	26.8x	20.5x	19.6x
EV / FCF	37.7x	36.8x	46.9x	35.7x	375x	54.7x	37.4x	698x
FCF Yield	2.65%	2.72%	2.13%	2.8%	0.27%	1.83%	2.68%	0.14%
Dividend per Share ²	0.66	0.66	0.66	0.66	0.66	0.66	0.6633	0.6688
Rate of return	1.4%	1.9%	1.65%	1.96%	2.3%	2.56%	2.57%	2.59%
EPS ²	0.55	0.16	0.3	0.76	0.35	0.5414	1.076	1.148
Distribution rate	120%	413%	220%	86.8%	189%	122%	61.7%	58.2%
Net sales ¹	619	671	818	994	817	844.1	969.1	997.4
EBITDA ¹	513	535	552	675	581	667.8	762.9	800.3
EBIT ¹	190	238	112	226	226	261.6	340.5	356
Net income ¹	55	17	30	78	36	61.76	112	115.5
Net Debt ¹	3,332	3,653	3,246	3,141	3,426	4,349	4,334	4,328
Reference price ²	47.24	34.68	40.02	33.68	28.71	25.82	25.82	25.82
Nbr of stocks (in thousands)	102,554	102,619	102,763	102,766	102,766	102,755	102,755	-
Announcement Date	2/25/21	2/23/22	2/24/23	3/1/24	2/28/25	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
BORALEX INC.	47.69x	8.29x	10.48x	2.56%	1.93B
CHINA THREE GORGES RENEWABLES (GROUP) CO.,LTD.	19.11x	9.53x	11.08x	1.6%	17.08B
CHINA LONGYUAN POWER GROUP CORPORATION LIMITED	8.94x	7.48x	9.84x	3.26%	14.48B
GREEN DEVELOPMENT ELECTRICITY GROUP OF TIANJIN CO., LTD.	19x	-	-	2.75%	2.59B
ZHONGMIN ENERGY CO., LTD.	17.56x	-	-	1.59%	1.63B
Average	22.46x	8.43x	10.47x	2.35%	7.54B
Weighted average by Cap.	16.60x	8.57x	10.51x	2.37%