TRANSALTA CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.06 CAD | -2.79% |
|
+1.91% | -17.79% |
| Apr. 25 | Transcript : TransAlta Corporation - Shareholder/Analyst Call | |
| Apr. 25 | North American Morning Briefing : More Tech Earnings in Focus With GDP Data Adding to the Uncertainty | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,598 | 2,652 | 3,808 | 3,268 | 3,415 | 2,780 | - | - |
| Enterprise Value (EV) 1 | 5,725 | 5,827 | 6,863 | 6,542 | 7,280 | 7,449 | 7,519 | 8,552 |
| P/E ratio | 51.6 x | -7.93 x | -6.6 x | 1,211 x | 4.73 x | 12.1 x | - | - |
| Yield | 1.29% | 1.76% | 1.35% | 1.69% | 2% | 2.65% | 2.8% | 2.76% |
| Capitalization / Revenue | 1.11 x | 1.26 x | 1.4 x | 1.1 x | 1.02 x | 0.99 x | 1.04 x | - |
| EV / Revenue | 2.44 x | 2.77 x | 2.52 x | 2.2 x | 2.17 x | 2.65 x | 2.82 x | - |
| EV / EBITDA | 6.17 x | 6.29 x | 5.43 x | 4 x | 4.46 x | 6.03 x | 6.63 x | 9.09 x |
| EV / FCF | 15.1 x | 16.3 x | 13.2 x | -160 x | 12.4 x | 14.8 x | 13.4 x | - |
| FCF Yield | 6.62% | 6.14% | 7.59% | -0.63% | 8.09% | 6.77% | 7.48% | - |
| Price to Book | 1.3 x | 1.13 x | 2.41 x | 2.96 x | - | - | - | - |
| Nbr of stocks (in thousands) | 279,952 | 274,226 | 271,015 | 269,888 | 309,865 | 306,834 | - | - |
| Reference price 2 | 9.280 | 9.670 | 14.05 | 12.11 | 11.02 | 9.060 | 9.060 | 9.060 |
| Announcement Date | 3/4/20 | 3/3/21 | 2/24/22 | 2/23/23 | 2/23/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,347 | 2,101 | 2,721 | 2,976 | 3,355 | 2,815 | 2,669 | - |
| EBITDA 1 | 928 | 927 | 1,263 | 1,634 | 1,632 | 1,235 | 1,135 | 940.5 |
| EBIT 1 | 338 | 273 | 734 | 1,035 | 1,011 | 604 | 550 | - |
| Operating Margin | 14.4% | 12.99% | 26.98% | 34.78% | 30.13% | 21.46% | 20.61% | - |
| Earnings before Tax (EBT) | 193 | -303 | -380 | 353 | 880 | - | - | - |
| Net income | 52 | -336 | -576 | 4 | 644 | - | - | - |
| Net margin | 2.22% | -15.99% | -21.17% | 0.13% | 19.2% | - | - | - |
| EPS 2 | 0.1800 | -1.220 | -2.130 | 0.0100 | 2.330 | 0.7500 | - | - |
| Free Cash Flow 1 | 379 | 358 | 521 | -41 | 589 | 504.6 | 562.6 | - |
| FCF margin | 16.15% | 17.04% | 19.15% | -1.38% | 17.56% | 17.92% | 21.08% | - |
| FCF Conversion (EBITDA) | 40.84% | 38.62% | 41.25% | - | 36.09% | 40.87% | 49.58% | - |
| FCF Conversion (Net income) | 728.85% | - | - | - | 91.46% | - | - | - |
| Dividend per Share 2 | 0.1200 | 0.1700 | 0.1900 | 0.2050 | 0.2200 | 0.2400 | 0.2537 | 0.2500 |
| Announcement Date | 3/4/20 | 3/3/21 | 2/24/22 | 2/23/23 | 2/23/24 | - | - | - |
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 | 850 | 610 | 735 | 458 | 929 | 854 | 1,089 | 625 | 1,017 | 624 | - | - | - | - |
| EBITDA 1 | 381 | 270 | 266 | 279 | 555 | 541 | 503 | 387 | 453 | 289 | 308.6 | 288.2 | 324.3 | 300.6 |
| EBIT 1 | 258 | 136 | 149 | 164 | 376 | 353 | 327 | 214 | 313 | 157 | 145 | 141 | - | - |
| Operating Margin | 30.35% | 22.3% | 20.27% | 35.81% | 40.47% | 41.33% | 30.03% | 34.24% | 30.78% | 25.16% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | 242 | -22 | 126 | 7 | - | 79 | 453 | - | - | - | - | - |
| Net income | -456 | -78 | 186 | -80 | 61 | -163 | 294 | 62 | 372 | -84 | - | - | - | - |
| Net margin | -53.65% | -12.79% | 25.31% | -17.47% | 6.57% | -19.09% | 27% | 9.92% | 36.58% | -13.46% | - | - | - | - |
| EPS 2 | -1.680 | -0.2900 | 0.6900 | -0.3000 | 0.2300 | -0.6100 | 1.100 | 0.2300 | 1.410 | -0.2700 | 0.1900 | - | - | - |
| Dividend per Share 2 | 0.0450 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0550 | - | 0.0550 | 0.0550 | 0.0550 | 0.0600 | 0.0600 | 0.0600 | 0.0600 |
| Announcement Date | 11/9/21 | 2/24/22 | 5/6/22 | 8/5/22 | 11/8/22 | 2/23/23 | 5/5/23 | 8/4/23 | 11/7/23 | 2/23/24 | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,127 | 3,175 | 3,055 | 3,274 | 3,865 | 4,670 | 4,739 | 5,772 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.37 x | 3.425 x | 2.419 x | 2.004 x | 2.368 x | 3.782 x | 4.177 x | 6.137 x |
| Free Cash Flow 1 | 379 | 358 | 521 | -41 | 589 | 505 | 563 | - |
| ROE (net income / shareholders' equity) | 1.75% | -6.49% | 1.93% | -12.2% | 35.3% | - | - | - |
| ROA (Net income/ Total Assets) | 0.55% | -1.79% | - | - | - | - | - | - |
| Assets | 9,468 | 18,770 | - | - | - | - | - | - |
| Book Value Per Share | 7.140 | 8.550 | 5.830 | 4.100 | - | - | - | - |
| Cash Flow per Share 2 | 2.570 | 2.490 | 3.580 | 4.400 | 4.860 | 2.850 | 2.470 | 2.360 |
| Capex 1 | 417 | 486 | 480 | 918 | 875 | 464 | 410 | 287 |
| Capex / Sales | 17.77% | 23.13% | 17.64% | 30.85% | 26.08% | 16.49% | 15.35% | - |
| Announcement Date | 3/4/20 | 3/3/21 | 2/24/22 | 2/23/23 | 2/23/24 | - | - | - |
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
8
Last Close Price
9.06
CAD
Average target price
13.5
CAD
Spread / Average Target
+49.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.79% | 2.03B | |
| +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
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- Financials TransAlta Corporation
