Innergex Renewable Current Valuation vs. Shares Outstanding

INE Stock  CAD 8.56  0.24  2.73%   
Based on the measurements of profitability obtained from Innergex Renewable's financial statements, Innergex Renewable Energy may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Innergex Renewable's ability to earn profits and add value for shareholders. At this time, Innergex Renewable's EV To Sales is very stable compared to the past year. As of the 4th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.12, while Price To Sales Ratio is likely to drop 1.68. At this time, Innergex Renewable's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 4th of December 2024, Change To Netincome is likely to grow to about 184.1 M, while Operating Income is likely to drop about 151.3 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.880.7504
Fairly Up
Slightly volatile
Operating Profit Margin0.20.2108
Notably Down
Pretty Stable
For Innergex Renewable profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Innergex Renewable to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Innergex Renewable Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Innergex Renewable's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Innergex Renewable Energy over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Innergex Renewable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innergex Renewable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innergex Renewable's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Innergex Renewable Energy Shares Outstanding vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Innergex Renewable's current stock value. Our valuation model uses many indicators to compare Innergex Renewable value to that of its competitors to determine the firm's financial worth.
Innergex Renewable Energy is rated fourth overall in current valuation category among its peers. It is rated third overall in shares outstanding category among its peers creating about  0.02  of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for Innergex Renewable Energy is roughly  40.33 . As of the 4th of December 2024, Common Stock Shares Outstanding is likely to drop to about 111.5 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value Innergex Renewable by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Innergex Renewable's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Innergex Current Valuation vs. Competition

Innergex Renewable Energy is rated fourth overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities industry is currently estimated at about 89.88 Billion. Innergex Renewable holds roughly 8.16 Billion in current valuation claiming about 9% of Utilities industry.

Innergex Shares Outstanding vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Innergex Renewable

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
8.16 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Innergex Renewable

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
202.41 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Innergex Shares Outstanding Comparison

Innergex Renewable is currently under evaluation in shares outstanding category among its peers.

Innergex Renewable Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Innergex Renewable, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Innergex Renewable will eventually generate negative long term returns. The profitability progress is the general direction of Innergex Renewable's change in net profit over the period of time. It can combine multiple indicators of Innergex Renewable, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income135.7 M142.5 M
Operating Income219.6 M151.3 M
Net Loss-105.8 M-100.5 M
Income Before Tax-152.7 M-145.1 M
Total Other Income Expense Net-372.3 M-353.7 M
Net Loss-78.5 M-74.6 M
Net Loss-105.8 M-100.5 M
Income Tax Expense-46.9 M-44.6 M
Interest Income7.5 M7.1 M
Net Interest Income-340.9 M-357.9 M
Change To Netincome175.3 M184.1 M
Net Loss(0.48)(0.46)
Income Quality(2.81)(2.67)
Net Income Per E B T 0.64  0.69 

Innergex Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Innergex Renewable. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Innergex Renewable position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Innergex Renewable's important profitability drivers and their relationship over time.

Use Innergex Renewable in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Innergex Renewable position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Innergex Renewable will appreciate offsetting losses from the drop in the long position's value.

Innergex Renewable Pair Trading

Innergex Renewable Energy Pair Trading Analysis

The ability to find closely correlated positions to Innergex Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innergex Renewable when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Innergex Renewable - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Innergex Renewable Energy to buy it.
The correlation of Innergex Renewable is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Innergex Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innergex Renewable Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Innergex Renewable can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Innergex Renewable position

In addition to having Innergex Renewable in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Beers Thematic Idea Now

Beers
Beers Theme
Companies involved in production and distribution of domestic and international beer. The Beers theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Beers Theme or any other thematic opportunities.
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Other Information on Investing in Innergex Stock

To fully project Innergex Renewable's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Innergex Renewable Energy at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Innergex Renewable's income statement, its balance sheet, and the statement of cash flows.
Potential Innergex Renewable investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Innergex Renewable investors may work on each financial statement separately, they are all related. The changes in Innergex Renewable's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Innergex Renewable's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.