Boralex Inc. (BRLXF)
NEUTRALFundamental
31
Kurs
$37.24
Marktkapitalisierung
-
Teil 1 · Was das Unternehmen wert ist
Übersicht
Boralex develops, builds and operates renewable power plants — mostly onshore wind, plus hydroelectric dams, solar farms and battery storage — in Canada, France, the United Kingdom and the United States. It is France's largest independent onshore wind producer and one of Canada's larger renewable operators. The company does not sell electricity to households directly; it sells the power its plants generate into wholesale markets or under long-term contracts with utilities and large corporate buyers.
Wie das Geld verdient wird
Boralex earns revenue from selling the electricity its wind, hydro, solar and battery assets generate, either at a market price, a government feed-in premium, or a fixed price locked in under a long-term power purchase agreement signed years before a plant is built. Because output depends on how much the wind blows or the sun shines, revenue swings with weather from quarter to quarter even when installed capacity stays flat; 2025 revenue fell 3% despite 8% more electricity produced, mainly on weaker French contract prices.
Wettbewerbsvorteil
Kein erkennbarer Vorteil · KeinerElectricity is a commodity: a megawatt-hour from Boralex's wind farm is indistinguishable from one produced by a competitor next door, and long-term power contracts are available to any developer with capital, permits and grid access. Boralex's edge is operational — decades of site selection and construction experience — rather than a structural barrier that keeps rivals out.
Was die Nachfrage antreibt
DefensivMost of Boralex's output is sold under long-term contracts or government feed-in tariffs that are largely insulated from the broader economic cycle, so revenue depends far more on wind speeds, rainfall and sunshine than on GDP growth or consumer spending. The main swing factor in 2025 was weather-driven production and softer short-term power prices in France, not a change in underlying demand.
Die Argumente dafür
Buyers argue that Boralex's 2030 strategy, backed by $8 billion in planned investment and a project pipeline of 8.2 GW, positions it to double installed capacity by 2030, and that six new plants commissioned in 2025 already show the growth engine is running.
Die Argumente dagegen
Sellers fear that falling short-term power prices in France already cut 2025 net earnings by more than half, that renewable projects depend on financing conditions and government contract auctions the company does not control, and that debt taken on to fund $8 billion of growth adds financial risk if power prices stay soft.
Written by the editors, published on 18. August 2026
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Bilanz & Liquidität
Umsatz
$898M
Letzte 12 Monate (bis 31.3.2026)
Nettogewinn
$-32M
Letzte 12 Monate (bis 31.3.2026)
Freier Cashflow
-
Gesamtes Eigenkapital
$1.54B
Gesamtverbindlichkeiten
-
Current Ratio
1.24
Zinsdeckungsgrad
-
Schulden/EBITDA
9.23
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$33.03
Aktueller Kurs
$37.24
Sicherheitsmarge
-12.8%
Innerer-Wert-Spanne
$24.59 - $41.47
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
-
ROE
-2.1%
P/B-Verhältnis
2.51
P/FCF
-
Bruttomarge
75.6%
ROIC
-
Rentabilitäts-Radar
Value Creation (Economic Moat)
ROIC
-
WACC
3.6%
ROIC − WACC
-
Fundamentalanalyse-Kriterien
Bestanden (5)
- Price CAGR 6.88%
- Gross Margin 75.6%
- P/B Ratio 2.51
- Current Ratio
- Revenue Growth 5Y 6.0%
Nicht bestanden (6)
- Debt/EBITDA
- DCF valuation (Unknown)
- ROE -2.1%
- Analyst Consensus 9% Buy
- Earnings Surprise avg -107.8%
- Piotroski F-Score 0/9
Nicht verfügbar (16)
- EPS data insufficient
- ROIC NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Debt/Equity ratio
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
- Share Dilution (need 2+ years)
- Net Margin Trend (invalid data)
Piotroski F-Score
Ernsthafte finanzielle Bedenken
Gewinnqualität
Niedrige Qualität: Rechnungslegung prüfen
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Mr. Patrick Decostre | President, CEO & Director | 52 |
| Mr. Stéphane Milot | Vice President of Investor Relations and Financial Planning & Analysis | - |
| Mr. Pascal Hurtubise | Executive VP & Chief Legal Officer | - |
| Eric Cantin | Vice President of Corporate Finance | - |
| Ms. Marie-Josée Arsenault | Executive VP and Chief People & Culture Officer | - |
| Mr. Rabindra Nath Mishra | Deputy Managing Director of Development Europe | - |
| Mr. Pascal Laprise-Demers | Senior Vice President of Corporate Strategy & Business Performance | - |
| Mr. Nicolas Mabboux | Senior Vice President of IT and Digital Transformation | - |
| David Lett | Head of Projects | - |
| Egbert De Groot | Senior Vice President of Merger, Acquisitions & Energy Commercialisation of North America | - |
Prüfungsrisiko
9
Vorstandsrisiko
4
Vergütungsrisiko
2
Aktionärsrechterisiko
8
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Latest News
Recent headlines for BRLXF, sourced from Markets Gazette.