Critical Survey: Boralex (BRLXF) and Its Competitors

Boralex (OTCMKTS:BRLXF) is one of 141 publicly-traded companies in the “Independent Power & Renewable Electricity Producers” industry, but how does it compare to its rivals? We will compare Boralex to similar companies based on the strength of its valuation, analyst recommendations, profitability, risk, institutional ownership, dividends and earnings.

Profitability

This table compares Boralex and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Boralex	N/A	N/A	N/A
Boralex Competitors	-38.57%	13.37%	0.70%

Institutional and Insider Ownership

57.0% of Boralex shares are owned by institutional investors. Comparatively, 35.2% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by institutional investors. 21.7% of shares of all “Independent Power & Renewable Electricity Producers” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Dividends

Boralex pays an annual dividend of $0.39 per share and has a dividend yield of 1.5%. Boralex pays out -309.1% of its earnings in the form of a dividend. As a group, “Independent Power & Renewable Electricity Producers” companies pay a dividend yield of 6.6% and pay out 275.7% of their earnings in the form of a dividend.

Valuation & Earnings

This table compares Boralex and its rivals revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Boralex	N/A	N/A	-213.03
Boralex Competitors	$8.60 billion	$816.08 million	20.30

Boralex’s rivals have higher revenue and earnings than Boralex. Boralex is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Boralex and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Boralex	0	2	1	0	2.33
Boralex Competitors	934	2937	3722	180	2.40

As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 147.62%. Given Boralex’s rivals stronger consensus rating and higher probable upside, analysts clearly believe Boralex has less favorable growth aspects than its rivals.

Summary

Boralex rivals beat Boralex on 10 of the 13 factors compared.

Boralex Company Profile

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.