CAPITAL POWER CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36.05 CAD | +0.56% |
|
+1.86% | -4.73% |
| May. 02 | Capital Power's Price Target Lowered to C$43 from C$45 at National Bank Following Q1 Results | MT |
| May. 01 | Transcript : Capital Power Corporation, Q1 2024 Earnings Call, May 01, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,617 | 3,699 | 4,584 | 5,414 | 4,453 | 4,655 | - | - |
| Enterprise Value (EV) 1 | 6,887 | 7,027 | 7,694 | 8,979 | 7,886 | 9,930 | 9,654 | 9,332 |
| P/E ratio | 47.8 x | 45.4 x | 101 x | 55.2 x | 6.26 x | 9.28 x | 13.5 x | 8.29 x |
| Yield | 5.39% | 5.67% | 5.37% | 4.87% | 6.32% | 6.98% | 7.36% | 7.44% |
| Capitalization / Revenue | 1.84 x | 1.91 x | 2.3 x | 1.85 x | 1.04 x | 1.58 x | 1.84 x | 1.71 x |
| EV / Revenue | 3.51 x | 3.63 x | 3.87 x | 3.07 x | 1.84 x | 3.37 x | 3.82 x | 3.42 x |
| EV / EBITDA | 6.69 x | 7.36 x | 6.84 x | 6.64 x | 5.42 x | 7.3 x | 6.76 x | 6.44 x |
| EV / FCF | 12 x | 13.7 x | 11.9 x | 35.5 x | 79.7 x | 12.7 x | 14.1 x | 9.55 x |
| FCF Yield | 8.32% | 7.29% | 8.41% | 2.82% | 1.26% | 7.9% | 7.08% | 10.5% |
| Price to Book | 1.18 x | 1.27 x | 1.61 x | 2.21 x | 1.4 x | 1.34 x | 1.3 x | 1.21 x |
| Nbr of stocks (in thousands) | 105,172 | 105,740 | 116,162 | 116,862 | 117,674 | 129,140 | - | - |
| Reference price 2 | 34.39 | 34.98 | 39.46 | 46.33 | 37.84 | 36.05 | 36.05 | 36.05 |
| Announcement Date | 2/24/20 | 2/19/21 | 2/24/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,963 | 1,937 | 1,990 | 2,929 | 4,282 | 2,944 | 2,530 | 2,728 |
| EBITDA 1 | 1,029 | 955 | 1,124 | 1,353 | 1,455 | 1,360 | 1,427 | 1,449 |
| EBIT 1 | 556 | 477 | 585 | 800 | 881 | 959.5 | 789.5 | 964 |
| Operating Margin | 28.32% | 24.63% | 29.4% | 27.31% | 20.57% | 32.59% | 31.21% | 35.34% |
| Earnings before Tax (EBT) 1 | 113 | 212 | 147 | 141 | 941 | 818.5 | 649.5 | 751 |
| Net income 1 | 76 | 82 | 44 | 99 | 744 | 513 | 362.7 | 578 |
| Net margin | 3.87% | 4.23% | 2.21% | 3.38% | 17.38% | 17.42% | 14.34% | 21.19% |
| EPS 2 | 0.7200 | 0.7700 | 0.3900 | 0.8400 | 6.040 | 3.885 | 2.675 | 4.350 |
| Free Cash Flow 1 | 573 | 512 | 647 | 253 | 99 | 784 | 684 | 977 |
| FCF margin | 29.19% | 26.43% | 32.51% | 8.64% | 2.31% | 26.63% | 27.04% | 35.81% |
| FCF Conversion (EBITDA) | 55.69% | 53.61% | 57.56% | 18.7% | 6.8% | 57.65% | 47.92% | 67.43% |
| FCF Conversion (Net income) | 753.95% | 624.39% | 1,470.45% | 255.56% | 13.31% | 152.83% | 188.6% | 169.03% |
| Dividend per Share 2 | 1.855 | 1.985 | 2.120 | 2.255 | 2.390 | 2.516 | 2.653 | 2.682 |
| Announcement Date | 2/24/20 | 2/19/21 | 2/24/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
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 | 377 | 672 | 501 | 713 | 786 | 929 | 1,267 | 881 | 1,150 | 984 | 1,119 | - | - | - | - |
| EBITDA 1 | 286 | 294 | 348 | 319 | 383 | 303 | 401 | 327 | 410 | 313 | 279 | 329.6 | 381.2 | 383.9 | 357 |
| EBIT | 153 | 157 | 206 | 180 | 250 | 164 | 260 | 184 | - | - | - | - | - | - | - |
| Operating Margin | 40.58% | 23.36% | 41.12% | 25.25% | 31.81% | 17.65% | 20.52% | 20.89% | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 56 | -61 | 152 | 108 | - | -174 | - | 111 | 355 | 106 | 128 | 166 | 215 | 158 | - |
| Net income 1 | 27 | -78 | 112 | 80 | - | -106 | - | 87 | 274 | 97 | 205 | 120 | 157 | 114 | - |
| Net margin | 7.16% | -11.61% | 22.36% | 11.22% | - | -11.41% | - | 9.88% | 23.83% | 9.86% | 18.32% | - | - | - | - |
| EPS | 0.2300 | -0.6700 | 0.9600 | 0.5900 | 0.2000 | -0.9100 | 2.380 | 0.6800 | - | 0.7400 | - | - | - | - | - |
| Dividend per Share 2 | 0.5475 | 0.5475 | 0.5475 | 0.5475 | 0.5800 | 0.5800 | 0.5800 | 0.5800 | 0.6150 | 0.6150 | 0.6188 | 0.6200 | 0.6550 | 0.6550 | - |
| Announcement Date | 10/27/21 | 2/24/22 | 5/2/22 | 8/2/22 | 10/31/22 | 3/1/23 | 5/1/23 | 8/2/23 | 11/1/23 | 2/28/24 | 5/1/24 | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,270 | 3,328 | 3,110 | 3,565 | 3,433 | 5,274 | 4,999 | 4,677 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.178 x | 3.485 x | 2.767 x | 2.635 x | 2.359 x | 3.878 x | 3.502 x | 3.228 x |
| Free Cash Flow 1 | 573 | 512 | 647 | 253 | 99 | 784 | 684 | 977 |
| ROE (net income / shareholders' equity) | 4.12% | 4.29% | 7.7% | 16% | 17.7% | 14.6% | 9.45% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 3.5% | 2.2% | - |
| Assets 1 | - | - | - | - | - | 14,657 | 16,485 | - |
| Book Value Per Share 2 | 29.20 | 27.50 | 24.50 | 21.00 | 27.10 | 27.00 | 27.80 | 29.70 |
| Cash Flow per Share 2 | 6.240 | 5.560 | 6.800 | 6.490 | 8.950 | 7.420 | 6.660 | 7.210 |
| Capex 1 | 635 | 306 | 622 | 682 | 723 | 1,663 | 545 | 368 |
| Capex / Sales | 32.35% | 15.8% | 31.26% | 23.28% | 16.88% | 56.48% | 21.56% | 13.49% |
| Announcement Date | 2/24/20 | 2/19/21 | 2/24/22 | 3/1/23 | 2/28/24 | - | - | - |
1CAD in Million2CAD
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
OUTPERFORM
Number of Analysts
11
Last Close Price
36.05
CAD
Average target price
41.55
CAD
Spread / Average Target
+15.24%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.73% | 3.38B | |
| +17.29% | 42.88B | |
| +15.15% | 28.1B | |
| +21.62% | 16.51B | |
| +22.76% | 11.74B | |
| +20.17% | 8.85B | |
| +26.02% | 6.36B | |
| +57.83% | 5.93B | |
| +36.17% | 5.19B | |
| -5.78% | 4.02B |
- Stock Market
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- Financials Capital Power Corporation
