POLARIS RENEWABLE ENERGY INC. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.71 CAD | +1.21% |
|
0.00% | -11.49% |
| Apr. 17 | National Bank of Canada Maintains Polaris' Outperform Rating, $19 Price Target | MT |
| Apr. 03 | National Bank of Canada Says Valuations Of Renewable Power Developers 'Remain Depressed, Oversold' | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 148 | 218.4 | 260.4 | 218.2 | 210.3 | 178.1 | - |
| Enterprise Value (EV) 1 | 148 | 218.4 | 333.4 | 367.3 | 210.3 | 289.5 | 281.8 |
| P/E ratio | 10.6 x | 8.18 x | 444 x | 86.5 x | 17.8 x | 24.3 x | 16.4 x |
| Yield | 6.37% | 4.32% | 4.5% | 5.78% | - | 7.1% | 7.1% |
| Capitalization / Revenue | 2.08 x | 2.92 x | 4.37 x | 3.49 x | 2.68 x | 2.29 x | 2.18 x |
| EV / Revenue | 2.08 x | 2.92 x | 5.6 x | 5.87 x | 2.68 x | 3.72 x | 3.45 x |
| EV / EBITDA | 2.51 x | 3.72 x | 7.62 x | 8.18 x | 3.65 x | 5.16 x | 4.72 x |
| EV / FCF | 5.22 x | 3.9 x | 9.2 x | 11.3 x | - | 11.2 x | 12.9 x |
| FCF Yield | 19.1% | 25.7% | 10.9% | 8.88% | - | 8.91% | 7.74% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 15,706 | 15,706 | 19,525 | 21,026 | 21,074 | 21,075 | - |
| Reference price 2 | 9.424 | 13.90 | 13.33 | 10.38 | 9.979 | 8.452 | 8.452 |
| Announcement Date | 3/5/20 | 3/4/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 71.25 | 74.72 | 59.52 | 62.6 | 78.52 | 77.81 | 81.66 |
| EBITDA 1 | 58.93 | 58.69 | 43.77 | 44.92 | 57.66 | 56.15 | 59.67 |
| EBIT 1 | - | 56.89 | 15.92 | 17.61 | 28.04 | 27.46 | 33.45 |
| Operating Margin | - | 76.14% | 26.75% | 28.13% | 35.71% | 35.29% | 40.97% |
| Earnings before Tax (EBT) 1 | - | 38.98 | 4.418 | - | 6.365 | 12.52 | - |
| Net income 1 | 14.5 | - | 0.501 | 2.499 | 11.74 | 3.728 | 6.802 |
| Net margin | 20.34% | - | 0.84% | 3.99% | 14.96% | 4.79% | 8.33% |
| EPS 2 | 0.8900 | 1.700 | 0.0300 | 0.1200 | 0.5600 | 0.3475 | 0.5167 |
| Free Cash Flow 1 | 28.34 | 56.03 | 36.25 | 32.6 | - | 25.8 | 21.8 |
| FCF margin | 39.77% | 74.98% | 60.91% | 52.07% | - | 33.16% | 26.7% |
| FCF Conversion (EBITDA) | 48.08% | 95.47% | 82.83% | 72.57% | - | 45.95% | 36.54% |
| FCF Conversion (Net income) | 195.49% | - | 7,235.93% | 1,304.44% | - | 692.06% | 320.49% |
| Dividend per Share 2 | 0.6000 | 0.6000 | 0.6000 | 0.6000 | - | 0.6000 | 0.6000 |
| Announcement Date | 3/5/20 | 3/4/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14.81 | 14.87 | 16.07 | 15.18 | 14.51 | 16.87 | 20.12 | 20.82 | 18.84 | 18.75 | 20.4 | 19.11 | 18.59 | 19.98 | 21.3 |
| EBITDA 1 | 10.86 | 11.07 | 12.1 | 11.19 | 10.01 | 11.66 | 15.32 | 15.39 | 13.73 | 13.39 | 14.79 | 13.6 | 13.12 | 14.11 | 15.9 |
| EBIT 1 | 4.224 | 3.773 | 5.929 | 4.343 | 2.613 | 4.724 | 7.984 | 8.004 | 6.213 | 5.937 | 7.833 | 6.396 | 6.082 | 7.569 | - |
| Operating Margin | 28.53% | 25.37% | 36.9% | 28.6% | 18.01% | 28% | 39.69% | 38.45% | 32.97% | 31.67% | 38.39% | 33.47% | 32.71% | 37.87% | - |
| Earnings before Tax (EBT) 1 | 3.153 | 0.013 | 0.112 | -1.438 | -0.361 | - | 3.018 | 2.411 | 1.115 | -0.083 | 3.705 | 2.832 | 2.202 | 3.777 | - |
| Net income | - | - | - | - | - | 3.001 | - | 4.622 | 1.018 | 1.408 | - | - | - | - | - |
| Net margin | - | - | - | - | - | 17.79% | - | 22.2% | 5.4% | 7.51% | - | - | - | - | - |
| EPS 2 | 0.1100 | -0.0500 | 0.1300 | -0.0800 | -0.0700 | 0.1400 | 0.2200 | 0.2200 | 0.0500 | 0.0700 | 0.1133 | 0.0800 | 0.0767 | 0.1333 | - |
| Dividend per Share 2 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | - | 0.1500 | 0.1500 | 0.1500 | 0.1500 | - |
| Announcement Date | 11/4/21 | 2/24/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/23/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 73.1 | 149 | - | 111 | 104 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.669 x | 3.319 x | - | 1.983 x | 1.738 x |
| Free Cash Flow 1 | 28.3 | 56 | 36.3 | 32.6 | - | 25.8 | 21.8 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | 1% | 3% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 2.770 | 3.630 | 2.350 | 1.770 | - | 2.890 | - |
| Capex | - | - | - | 3.11 | - | - | - |
| Capex / Sales | - | - | - | 4.96% | - | - | - |
| Announcement Date | 3/5/20 | 3/4/21 | 2/24/22 | 2/23/23 | 2/22/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
8.452
USD
Average target price
15.23
USD
Spread / Average Target
+80.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.49% | 178M | |
| +13.14% | 34.31B | |
| +9.85% | 24.02B | |
| -29.28% | 14.05B | |
| -9.79% | 6.33B | |
| -2.05% | 4.82B | |
| -11.23% | 3.89B | |
| -13.92% | 3.83B | |
| +8.47% | 2.91B | |
| -.--% | 2.89B |
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