Company Valuation: Capital Power Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,584 5,414 4,453 8,856 9,132 11,548 - -
Change - 18.12% -17.76% 98.88% 3.12% 26.47% - -
Enterprise Value (EV) 1 7,694 8,979 7,886 13,118 15,905 18,075 17,451 16,925
Change - 16.71% -12.18% 66.35% 21.25% 13.65% -3.45% -3.02%
P/E 101x 55.2x 6.26x 12.4x 66.5x 33.5x 24.1x 20.6x
PBR 1.61x 2.21x 1.4x 1.99x - 2.66x 2.64x 2.6x
PEG - 0x 0x -0.8x -0.8x 0x 0.6x 1.2x
Capitalization / Revenue 2.3x 1.85x 1.04x 2.35x 2.45x 2.99x 2.93x 2.74x
EV / Revenue 3.87x 3.07x 1.84x 3.47x 4.28x 4.68x 4.43x 4.02x
EV / EBITDA 6.84x 6.64x 5.42x 9.84x 10.1x 10.8x 9.72x 8.85x
EV / EBIT 13.2x 11.2x 8.95x 15.8x 39.1x 19.3x 16.5x 13.7x
EV / FCF 11.9x 35.5x 79.7x 177x 162x 24.1x 16.4x 13x
FCF Yield 8.41% 2.82% 1.26% 0.56% 0.62% 4.16% 6.12% 7.71%
Dividend per Share 2 2.12 2.255 2.39 2.534 2.686 2.784 2.84 2.882
Rate of return 5.37% 4.87% 6.32% 3.98% 4.59% 3.77% 3.85% 3.91%
EPS 2 0.39 0.84 6.04 5.15 0.88 2.202 3.062 3.582
Distribution rate 544% 268% 39.6% 49.2% 305% 126% 92.7% 80.5%
Net sales 1 1,990 2,929 4,282 3,776 3,720 3,858 3,943 4,212
EBITDA 1 1,124 1,353 1,455 1,333 1,580 1,669 1,795 1,911
EBIT 1 585 800 881 830 407 938.2 1,057 1,234
Net income 1 44 99 744 699 160 337 479.8 559.2
Net Debt 1 3,110 3,565 3,433 4,262 6,773 6,527 5,903 5,377
Reference price 2 39.46 46.33 37.84 63.72 58.55 73.80 73.80 73.80
Nbr of stocks (in thousands) 116,162 116,862 117,674 138,977 155,962 156,483 - -
Announcement Date 2/24/22 3/1/23 2/28/24 2/26/25 3/4/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.51x4.68x10.83x3.77% 8.13B
31.6x7.71x20.02x-.--% 44.92B
16.64x2.93x11.14x2.51% 36.3B
16.51x5.4x11.21x0.02% 16.55B
14.54x4.65x8.35x3.75% 15.83B
7.19x2.83x7.62x5.67% 11.52B
9.83x1.43x8.54x5.51% 7.46B
16.74x - - 2.65% 4.71B
15.53x - - - 4.57B
Average 18.01x 4.23x 11.10x 2.98% 16.67B
Weighted average by Cap. 20.70x 4.95x 13.22x 2.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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