Boralex Stock Buy Hold or Sell Recommendation
| BLX Stock | CAD 30.14 0.20 0.67% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Boralex is 'Cautious Hold'. The recommendation algorithm takes into account all of Boralex's available fundamental, technical, and predictive indicators you will find on this site.
Check out Boralex Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Boralex and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Boralex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Boralex |
Execute Boralex Buy or Sell Advice
The Boralex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Boralex. Macroaxis does not own or have any residual interests in Boralex or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Boralex's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Boralex Trading Alerts and Improvement Suggestions
| Boralex generated a negative expected return over the last 90 days | |
| Boralex is unlikely to experience financial distress in the next 2 years | |
| About 59.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: REMINDER -- Boralex will release its 2024 third quarter financial results on November 14 - Yahoo Finance |
Boralex Returns Distribution Density
The distribution of Boralex's historical returns is an attempt to chart the uncertainty of Boralex's future price movements. The chart of the probability distribution of Boralex daily returns describes the distribution of returns around its average expected value. We use Boralex price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Boralex returns is essential to provide solid investment advice for Boralex.
| Mean Return | -0.11 | Value At Risk | -3.24 | Potential Upside | 2.57 | Standard Deviation | 1.67 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Boralex historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Boralex Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (4M) | 122M | (19M) | 93M | 123M | 129.2M | |
| Free Cash Flow | 117M | 206M | 166M | 257M | 216M | 226.8M | |
| Other Non Cash Items | 145M | 121M | 144M | 5M | 56M | 49.3M | |
| Capital Expenditures | 177M | 156M | 179M | 256M | 280M | 144.6M | |
| Net Income | (43M) | 61M | 26M | 8M | 78M | 81.9M | |
| End Period Cash Flow | 153M | 275M | 256M | 349M | 472M | 495.6M | |
| Depreciation | 299M | 237M | 297M | 380M | 293M | 167.0M | |
| Investments | (100M) | (247M) | (6M) | (684M) | (268M) | (281.4M) | |
| Net Borrowings | (76M) | (107M) | 163M | (382M) | (343.8M) | (326.6M) | |
| Dividends Paid | 50M | 60M | 66M | 68M | 78.2M | 52.9M | |
| Change To Netincome | 100M | 31M | 35M | 64M | 73.6M | 77.3M |
Boralex Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Boralex or Independent Power and Renewable Electricity Producers sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Boralex's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Boralex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 1.62 | |
Ir | Information ratio | -0.15 |
Boralex Volatility Alert
Boralex exhibits very low volatility with skewness of -0.17 and kurtosis of 1.31. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Boralex's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Boralex's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Boralex Fundamentals Vs Peers
Comparing Boralex's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Boralex's direct or indirect competition across all of the common fundamentals between Boralex and the related equities. This way, we can detect undervalued stocks with similar characteristics as Boralex or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Boralex's fundamental indicators could also be used in its relative valuation, which is a method of valuing Boralex by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Boralex to competition |
| Fundamentals | Boralex | Peer Average |
| Return On Equity | 0.0669 | -0.31 |
| Return On Asset | 0.0254 | -0.14 |
| Profit Margin | 0.1 % | (1.27) % |
| Operating Margin | 0.20 % | (5.51) % |
| Current Valuation | 6.56 B | 16.62 B |
| Shares Outstanding | 102.77 M | 571.82 M |
| Shares Owned By Insiders | 0.16 % | 10.09 % |
| Shares Owned By Institutions | 58.85 % | 39.21 % |
| Number Of Shares Shorted | 1.05 M | 4.71 M |
| Price To Book | 1.93 X | 9.51 X |
| Price To Sales | 3.23 X | 11.42 X |
| Revenue | 1.02 B | 9.43 B |
| Gross Profit | 578 M | 27.38 B |
| EBITDA | 517 M | 3.9 B |
| Net Income | 78 M | 570.98 M |
| Cash And Equivalents | 361 M | 2.7 B |
| Cash Per Share | 2.96 X | 5.01 X |
| Total Debt | 3.62 B | 5.32 B |
| Debt To Equity | 4.22 % | 48.70 % |
| Current Ratio | 1.26 X | 2.16 X |
| Book Value Per Share | 15.85 X | 1.93 K |
| Cash Flow From Operations | 496 M | 971.22 M |
| Short Ratio | 3.84 X | 4.00 X |
| Earnings Per Share | 0.86 X | 3.12 X |
| Price To Earnings To Growth | 2.22 X | 4.89 X |
| Target Price | 42.0 | |
| Number Of Employees | 790 | 18.84 K |
| Beta | 0.46 | -0.15 |
| Market Capitalization | 3.1 B | 19.03 B |
| Total Asset | 6.57 B | 29.47 B |
| Retained Earnings | 183 M | 9.33 B |
| Working Capital | 56 M | 1.48 B |
| Current Asset | 200.56 M | 9.34 B |
Boralex Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Boralex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Boralex Buy or Sell Advice
When is the right time to buy or sell Boralex? Buying financial instruments such as Boralex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Boralex 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?
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Latest Losers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Losers theme has 235 constituents at this time.
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Other Information on Investing in Boralex Stock
Boralex financial ratios help investors to determine whether Boralex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Boralex with respect to the benefits of owning Boralex security.