CAPITAL POWER CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35.31 CAD | -0.23% |
|
-1.70% | -6.69% |
| Apr. 22 | Capital Power Corporation(TSX:CPX.PRK) added to S&P/TSX Preferred Share Index | CI |
| Apr. 05 | DBRS Confirms Credit Ratings on Capital Power | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,617 | 3,699 | 4,584 | 5,414 | 4,453 | 4,560 | - | - |
| Enterprise Value (EV) 1 | 6,887 | 7,027 | 7,694 | 8,979 | 7,886 | 10,323 | 10,287 | 10,685 |
| P/E ratio | 47.8 x | 45.4 x | 101 x | 55.2 x | 6.26 x | 12.1 x | 14.4 x | 10.3 x |
| Yield | 5.39% | 5.67% | 5.37% | 4.87% | 6.32% | 7.11% | 7.5% | 7.49% |
| Capitalization / Revenue | 1.84 x | 1.91 x | 2.3 x | 1.85 x | 1.04 x | 2.13 x | 1.96 x | 2.13 x |
| EV / Revenue | 3.51 x | 3.63 x | 3.87 x | 3.07 x | 1.84 x | 4.83 x | 4.43 x | 4.99 x |
| EV / EBITDA | 6.69 x | 7.36 x | 6.84 x | 6.64 x | 5.42 x | 7.11 x | 7.15 x | 7.49 x |
| EV / FCF | 12 x | 13.7 x | 11.9 x | 35.5 x | 79.7 x | 12.6 x | 14.5 x | 10.5 x |
| FCF Yield | 8.32% | 7.29% | 8.41% | 2.82% | 1.26% | 7.91% | 6.9% | 9.56% |
| Price to Book | 1.18 x | 1.27 x | 1.61 x | 2.21 x | 1.4 x | 1.65 x | 1.65 x | 1.58 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 | 35.31 | 35.31 | 35.31 |
| 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 | 2,136 | 2,324 | 2,141 |
| EBITDA 1 | 1,029 | 955 | 1,124 | 1,353 | 1,455 | 1,452 | 1,439 | 1,427 |
| EBIT | 556 | 477 | 585 | 800 | 881 | - | - | - |
| Operating Margin | 28.32% | 24.63% | 29.4% | 27.31% | 20.57% | - | - | - |
| Earnings before Tax (EBT) 1 | 113 | 212 | 147 | 141 | 941 | 532 | 457 | 623 |
| Net income 1 | 76 | 82 | 44 | 99 | 744 | 385 | 328 | 456 |
| Net margin | 3.87% | 4.23% | 2.21% | 3.38% | 17.38% | 18.02% | 14.12% | 21.3% |
| EPS 2 | 0.7200 | 0.7700 | 0.3900 | 0.8400 | 6.040 | 2.930 | 2.460 | 3.420 |
| Free Cash Flow 1 | 573 | 512 | 647 | 253 | 99 | 817 | 709.5 | 1,022 |
| FCF margin | 29.19% | 26.43% | 32.51% | 8.64% | 2.31% | 38.25% | 30.53% | 47.73% |
| FCF Conversion (EBITDA) | 55.69% | 53.61% | 57.56% | 18.7% | 6.8% | 56.27% | 49.32% | 71.62% |
| FCF Conversion (Net income) | 753.95% | 624.39% | 1,470.45% | 255.56% | 13.31% | 212.21% | 216.31% | 224.12% |
| Dividend per Share 2 | 1.855 | 1.985 | 2.120 | 2.255 | 2.390 | 2.512 | 2.648 | 2.643 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 377 | 672 | 501 | 713 | 786 | 929 | 1,267 | 881 | 1,150 | 984 | 608.3 | 501.2 | 599.6 | 693.8 |
| EBITDA 1 | 286 | 294 | 348 | 319 | 383 | 303 | 401 | 327 | 410 | 313 | 338.6 | 329.4 | 383.4 | 384.1 |
| 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 | 121 | 117 | 177 | 117 |
| Net income 1 | 27 | -78 | 112 | 80 | - | -106 | - | 87 | 274 | 97 | 87 | 84 | 131 | 84 |
| Net margin | 7.16% | -11.61% | 22.36% | 11.22% | - | -11.41% | - | 9.88% | 23.83% | 9.86% | 14.3% | 16.76% | 21.85% | 12.11% |
| 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 | 0.6183 | 0.6383 | 0.6506 |
| 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 | - | - | - | - |
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 | 5,764 | 5,727 | 6,125 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.178 x | 3.485 x | 2.767 x | 2.635 x | 2.359 x | 3.97 x | 3.981 x | 4.292 x |
| Free Cash Flow 1 | 573 | 512 | 647 | 253 | 99 | 817 | 710 | 1,022 |
| ROE (net income / shareholders' equity) | 4.12% | 4.29% | 7.7% | 16% | 17.7% | 12.3% | 10.7% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 29.20 | 27.50 | 24.50 | 21.00 | 27.10 | 21.40 | 21.40 | 22.40 |
| Cash Flow per Share 2 | 6.240 | 5.560 | 6.800 | 6.490 | 8.950 | 8.250 | 7.380 | 7.430 |
| Capex 1 | 635 | 306 | 622 | 682 | 723 | 1,177 | 644 | 507 |
| Capex / Sales | 32.35% | 15.8% | 31.26% | 23.28% | 16.88% | 55.1% | 27.69% | 23.68% |
| 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
35.31
CAD
Average target price
43.27
CAD
Spread / Average Target
+22.55%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.69% | 3.33B | |
| +14.41% | 41.39B | |
| +12.65% | 27.36B | |
| +17.68% | 15.95B | |
| +25.58% | 12.07B | |
| +21.90% | 8.9B | |
| +22.76% | 6.41B | |
| +56.88% | 5.9B | |
| +33.57% | 5.08B | |
| -1.01% | 4.17B |
- Stock Market
- Equities
- CPX Stock
- Financials Capital Power Corporation
