Boralex Inc
Boralex Inc., together with its subsidiaries, engages in the developing, building, and operating power generating and storage facilities in Canada, France, and the United States. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2024, the company operates 103 wind farms; 13 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with … Read more
Boralex Inc (BRLXF) - Net Assets
Latest net assets as of September 2025: $1.96 Billion USD
Based on the latest financial reports, Boralex Inc (BRLXF) has net assets worth $1.96 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.64 Billion) and total liabilities ($5.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.96 Billion |
| % of Total Assets | 25.61% |
| Annual Growth Rate | 15.88% |
| 5-Year Change | 104.34% |
| 10-Year Change | 266.39% |
| Growth Volatility | 31.3 |
Boralex Inc - Net Assets Trend (1999–2024)
This chart illustrates how Boralex Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Boralex Inc (1999–2024)
The table below shows the annual net assets of Boralex Inc from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.02 Billion | +0.05% |
| 2023-12-31 | $2.02 Billion | -0.10% |
| 2022-12-31 | $2.03 Billion | +67.30% |
| 2021-12-31 | $1.21 Billion | +22.20% |
| 2020-12-31 | $991.00 Million | +13.26% |
| 2019-12-31 | $875.00 Million | -2.89% |
| 2018-12-31 | $901.00 Million | +23.59% |
| 2017-12-31 | $729.00 Million | +41.83% |
| 2016-12-31 | $514.00 Million | -7.00% |
| 2015-12-31 | $552.70 Million | +64.34% |
| 2014-12-31 | $336.32 Million | -12.90% |
| 2013-12-31 | $386.13 Million | +12.78% |
| 2012-12-31 | $342.37 Million | +4.10% |
| 2011-12-31 | $328.88 Million | -12.23% |
| 2010-12-31 | $374.70 Million | +7.96% |
| 2009-12-31 | $347.06 Million | -4.62% |
| 2008-12-31 | $363.89 Million | +27.51% |
| 2007-12-31 | $285.38 Million | +54.82% |
| 2006-12-31 | $184.33 Million | +10.88% |
| 2005-12-31 | $166.25 Million | +9.25% |
| 2004-12-31 | $152.17 Million | -8.13% |
| 2003-12-31 | $165.63 Million | -13.94% |
| 2002-12-31 | $192.45 Million | +48.24% |
| 2001-12-31 | $129.83 Million | +121.50% |
| 2000-12-31 | $58.61 Million | +15.37% |
| 1999-12-31 | $50.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Boralex Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2768.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $151.00 Million | 9.43% |
| Common Stock | $1.32 Billion | 82.64% |
| Other Comprehensive Income | $115.00 Million | 7.18% |
| Other Components | $12.00 Million | 0.75% |
| Total Equity | $1.60 Billion | 100.00% |
Boralex Inc Competitors by Market Cap
The table below lists competitors of Boralex Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Teway Food Group Co Ltd
SHG:603317
|
$1.61 Billion |
|
Enagas SA
PINK:ENGGY
|
$1.61 Billion |
|
HTC Corporation
OTCGREY:HTCKF
|
$1.61 Billion |
|
Shenzhen Topband Co Ltd
SHE:002139
|
$1.61 Billion |
|
Betsson AB
PINK:BTSBF
|
$1.61 Billion |
|
Allied Gold Corporation
NYSE:AAUC
|
$1.61 Billion |
|
Jointown Pharmaceutical Group Co Ltd
SHG:600998
|
$1.61 Billion |
|
Safestore Holdings plc
PINK:SFSHF
|
$1.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Boralex Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,629,000,000 to 1,601,000,000, a change of -28,000,000 (-1.7%).
- Net income of 36,000,000 contributed positively to equity growth.
- Dividend payments of 68,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $36.00 Million | +2.25% |
| Dividends Paid | $68.00 Million | -4.25% |
| Other Comprehensive Income | $3.00 Million | +0.19% |
| Other Changes | $1.00 Million | +0.06% |
| Total Change | $- | -1.72% |
Book Value vs Market Value Analysis
This analysis compares Boralex Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.48x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $2.48 | $18.53 | x |
| 2000-12-31 | $2.85 | $18.53 | x |
| 2001-12-31 | $5.31 | $18.53 | x |
| 2002-12-31 | $6.36 | $18.53 | x |
| 2003-12-31 | $5.51 | $18.53 | x |
| 2004-12-31 | $5.04 | $18.53 | x |
| 2005-12-31 | $5.51 | $18.53 | x |
| 2006-12-31 | $5.99 | $18.53 | x |
| 2007-12-31 | $8.19 | $18.53 | x |
| 2008-12-31 | $9.54 | $18.53 | x |
| 2009-12-31 | $8.99 | $18.53 | x |
| 2010-12-31 | $9.69 | $18.53 | x |
| 2011-12-31 | $8.51 | $18.53 | x |
| 2012-12-31 | $8.48 | $18.53 | x |
| 2013-12-31 | $9.44 | $18.53 | x |
| 2014-12-31 | $7.92 | $18.53 | x |
| 2015-12-31 | $10.40 | $18.53 | x |
| 2016-12-31 | $7.61 | $18.53 | x |
| 2017-12-31 | $9.05 | $18.53 | x |
| 2018-12-31 | $10.86 | $18.53 | x |
| 2019-12-31 | $9.49 | $18.53 | x |
| 2020-12-31 | $10.02 | $18.53 | x |
| 2021-12-31 | $9.74 | $18.53 | x |
| 2022-12-31 | $16.35 | $18.53 | x |
| 2023-12-31 | $15.84 | $18.53 | x |
| 2024-12-31 | $15.57 | $18.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Boralex Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.22%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 4.75x
- Recent ROE (2.25%) is below the historical average (3.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 10.91% | 0.00% | -0.04x | 4.88x | $435.60K |
| 2000 | 12.00% | 0.00% | -0.05x | 4.46x | $1.10 Million |
| 2001 | 6.10% | 0.00% | -0.03x | 2.74x | $-5.04 Million |
| 2002 | 27.83% | 0.00% | -0.02x | 1.45x | $34.22 Million |
| 2003 | -3.46% | 0.00% | 0.00x | 1.53x | $-22.20 Million |
| 2004 | 0.00% | 0.00% | 0.32x | 1.82x | $-15.11 Million |
| 2005 | 12.76% | 15.56% | 0.32x | 2.60x | $4.57 Million |
| 2006 | 8.18% | 0.00% | -0.03x | 2.61x | $-3.34 Million |
| 2007 | 7.57% | 0.00% | -0.02x | 1.81x | $-6.93 Million |
| 2008 | 5.62% | 0.00% | -0.02x | 1.72x | $-15.90 Million |
| 2009 | 7.19% | 0.00% | -0.02x | 1.95x | $-9.56 Million |
| 2010 | 6.31% | 0.00% | -0.02x | 3.37x | $-13.48 Million |
| 2011 | 0.90% | 1.48% | 0.17x | 3.66x | $-29.29 Million |
| 2012 | -1.60% | -2.78% | 0.15x | 3.84x | $-37.10 Million |
| 2013 | -1.08% | -2.23% | 0.12x | 3.99x | $-39.48 Million |
| 2014 | -3.88% | -6.03% | 0.10x | 6.33x | $-42.09 Million |
| 2015 | -1.99% | -4.05% | 0.11x | 4.48x | $-65.30 Million |
| 2016 | -0.40% | -0.66% | 0.11x | 5.45x | $-51.60 Million |
| 2017 | 3.21% | 5.25% | 0.11x | 5.73x | $-46.50 Million |
| 2018 | -4.14% | -7.52% | 0.10x | 5.46x | $-123.00 Million |
| 2019 | -5.00% | -7.49% | 0.13x | 5.30x | $-129.00 Million |
| 2020 | 5.56% | 8.69% | 0.12x | 5.37x | $-43.90 Million |
| 2021 | 2.60% | 3.76% | 0.12x | 5.75x | $-74.10 Million |
| 2022 | 0.48% | 0.96% | 0.13x | 3.89x | $-160.10 Million |
| 2023 | 4.79% | 7.63% | 0.16x | 4.04x | $-84.90 Million |
| 2024 | 2.25% | 4.22% | 0.11x | 4.75x | $-124.10 Million |
Industry Comparison
This section compares Boralex Inc's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Boralex Inc (BRLXF) | $1.96 Billion | 10.91% | 2.90x | $1.61 Billion |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |