Boralex Inc. (BRLXF)
Valor JustoFundamental
40
Preço
$-
Capitalização de Mercado
$3.83B
Parte 1 · Quanto vale a empresa
Visão Geral
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.
Como gera receita
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.
Vantagem competitiva
Nenhuma vantagem identificada · NenhumaElectricity 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.
O que impulsiona a procura
DefensivoMost 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.
Os argumentos a favor
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.
Os argumentos contra
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 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de setembro de 2026 with claude-haiku-4-5 — shared with all users
The closest match to Boralex: a Quebec-based independent producer of wind, solar and hydro power bidding for the same long-term utility power contracts in Canada and France, now privately held by La Caisse after its July 2025 take-private.
Another Canadian independent power producer that develops and operates wind and solar capacity under long-term contracts, competing with Boralex for the same provincial tenders and project pipelines.
A French developer of onshore wind, solar and battery storage that bids against Boralex in the same French government renewable-energy tenders; it was delisted from Euronext Paris in April 2025 after Brookfield's buyout.
A French independent producer of wind and solar electricity that competes with Boralex for grid connections, land and public tenders in its core French market.
A far larger owner of hydro, wind and solar plants that competes with Boralex both for renewable project acquisitions and for the same corporate and utility power-purchase agreements in Canada, the US and Europe.
Balanço & Liquidez
Receita
$898M
Últimos 12 meses (até 31/03/2026)
Resultado Líquido
$-32M
Últimos 12 meses (até 31/03/2026)
Fluxo de Caixa Livre
$-224M
Capital Próprio Total
$1.52B
Passivo Total
$4.73B
Rácio de Liquidez
1.24
Cobertura de Juros
-
Dívida/EBITDA
9.23
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$31.97
Preço Atual
-
Margem de Segurança
-
Intervalo de Valor Justo
$22.83 - $41.11
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
-
ROE
0.1%
Rácio P/B
2.51
P/FCF
-
Margem Bruta
75.6%
ROIC
3.6%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
3.6%
WACC
3.6%
ROIC − WACC
+0.1 pp
O ROIC está próximo do custo do capital — a empresa cobre apenas o custo do capital.
Critérios de Análise Fundamental
Aprovado (6)
- Gross Margin 75.6%
- P/B Ratio 2.51
- Debt/Equity ratio
- Current Ratio
- Revenue Growth 5Y 6.0%
- Earnings Quality (OCF/NI) 49.00
Reprovado (9)
- ROIC 3.7%
- Positive Free Cash Flow
- Debt/EBITDA
- DCF valuation (Unknown)
- ROE -2.1%
- Analyst Consensus 9% Buy
- Earnings Surprise avg -107.8%
- Net Margin Trend 0.9% vs 4.4%
- Piotroski F-Score 2/9
Indisponível (12)
- EPS data insufficient
- Historical price data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
Preocupações financeiras graves
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Participações institucionais
Não há declarações institucionais para esta empresa.
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| 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 | - |
Risco de Auditoria
9
Risco do Conselho
4
Risco de Remuneração
2
Risco dos Direitos dos Acionistas
8
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for BRLXF, sourced from Markets Gazette.