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 9,642 - -
Change - 18.12% -17.76% 98.88% 3.12% 5.59% - -
Enterprise Value (EV) 1 7,694 8,979 7,886 13,118 15,905 16,125 15,496 14,775
Change - 16.71% -12.18% 66.35% 21.25% 1.38% -3.9% -4.66%
P/E 101x 55.2x 6.26x 12.4x 66.5x 50.9x 20.6x 17.4x
PBR 1.61x 2.21x 1.4x 1.99x - 2.24x 2.26x 2.26x
PEG - 0x 0x -0.8x -0.8x 1.4x 0x 1x
Capitalization / Revenue 2.3x 1.85x 1.04x 2.35x 2.45x 2.45x 2.25x 2.04x
EV / Revenue 3.87x 3.07x 1.84x 3.47x 4.28x 4.09x 3.61x 3.12x
EV / EBITDA 6.84x 6.64x 5.42x 9.84x 10.1x 9.67x 8.61x 7.64x
EV / EBIT 13.2x 11.2x 8.95x 15.8x 39.1x 21.6x 14.3x 11.7x
EV / FCF 11.9x 35.5x 79.7x 177x 162x 21x 19.7x 22.4x
FCF Yield 8.41% 2.82% 1.26% 0.56% 0.62% 4.76% 5.09% 4.46%
Dividend per Share 2 2.12 2.255 2.39 2.534 2.686 2.786 2.844 2.885
Rate of return 5.37% 4.87% 6.32% 3.98% 4.59% 4.54% 4.63% 4.7%
EPS 2 0.39 0.84 6.04 5.15 0.88 1.206 2.978 3.518
Distribution rate 544% 268% 39.6% 49.2% 305% 231% 95.5% 82%
Net sales 1 1,990 2,929 4,282 3,776 3,720 3,942 4,288 4,738
EBITDA 1 1,124 1,353 1,455 1,333 1,580 1,667 1,801 1,934
EBIT 1 585 800 881 830 407 746.1 1,084 1,260
Net income 1 44 99 744 699 160 219.3 470 550.8
Net Debt 1 3,110 3,565 3,433 4,262 6,773 6,483 5,855 5,133
Reference price 2 39.46 46.33 37.84 63.72 58.55 61.38 61.38 61.38
Nbr of stocks (in thousands) 116,162 116,862 117,674 138,977 155,962 157,080 - -
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.($)
50.9x4.09x9.67x4.54% 6.88B
31.37x7.27x19.7x-.--% 41.52B
13.95x2.78x10.38x2.96% 32.71B
15.12x4.93x9.78x3.71% 17.08B
15.02x4.91x10.42x-.--% 14.01B
7.86x2.85x7.72x5.22% 12.46B
11.22x1.47x8.14x4.49% 7.99B
4.21x0.63x3.11x3.04% 7.69B
18.12x - - 2.7% 4.69B
Average 18.64x 3.62x 9.86x 2.96% 16.11B
Weighted average by Cap. 19.88x 4.46x 12.27x 2.26%

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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  3. CPX Stock
  4. Valuation Capital Power Corporation
-40%: Exceptional extension
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