CAD9.03
0.22% day before yesterday
Toronto, Sep 06, 10:00 pm CET
ISIN
CA45790B1040
Symbol
INE
Sector

Innergex Renewable Energy Target price 2024 - Analyst rating & recommendation

Innergex Renewable Energy Classifications & Recommendation:

Buy
50%
Hold
50%

Innergex Renewable Energy Price Target

Target Price CAD12.00
Price CAD9.03
Potential
Number of Estimates 10
10 Analysts have issued a price target Innergex Renewable Energy 2025 . The average Innergex Renewable Energy target price is CAD12.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 10 analysts: 5 Analysts recommend Innergex Renewable Energy to buy, 5 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Innergex Renewable Energy stock has an average upside potential 2025 of . Most analysts recommend the Innergex Renewable Energy stock at Buy or hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion CAD 1.04 1.05
19.65% 1.20%
EBITDA Margin 68.39% 70.06%
1.79% 2.43%
Net Margin -9.96% -2.27%
0.88% 77.21%

7 Analysts have issued a sales forecast Innergex Renewable Energy 2024 . The average Innergex Renewable Energy sales estimate is

CAD1.1b
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. This is
0.20% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD1.1b 5.61%
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, the lowest is
CAD971m 8.07%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD1.0b 19.65%
2024
CAD1.1b 1.20%
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2025
CAD1.2b 10.62%
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2026
CAD1.1b 3.00%
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10 Analysts have issued an Innergex Renewable Energy EBITDA forecast 2024. The average Innergex Renewable Energy EBITDA estimate is

CAD738m
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. This is
3.49% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD766m 7.36%
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, the lowest is
CAD681m 4.53%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 CAD712m 21.79%
2024
CAD738m 3.66%
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2025
CAD844m 14.28%
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2026
CAD848m 0.52%
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EBITDA Margin

2023 68.39% 1.79%
2024
70.06% 2.43%
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2025
72.38% 3.31%
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2026
75.00% 3.62%
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4 Innergex Renewable Energy Analysts have issued a net profit forecast 2024. The average Innergex Renewable Energy net profit estimate is

CAD-23.9m
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. This is
81.92% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD26.5m 120.00%
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, the lowest is
CAD-81.4m 38.46%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 CAD-104m 18.60%
2024
CAD-23.9m 76.96%
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2025
CAD24.9m 204.22%
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2026
CAD-77.3m 410.23%
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Net Margin

2023 -9.96% 0.88%
2024
-2.27% 77.21%
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2025
2.14% 194.27%
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2026
-6.84% 419.63%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share CAD -0.51 -0.12
18.60% 76.47%
P/E negative
EV/Sales 8.06

4 Analysts have issued a Innergex Renewable Energy forecast for earnings per share. The average Innergex Renewable Energy <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

CAD-0.12
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. This is
81.54% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
CAD0.13 120.00%
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, the lowest is
CAD-0.40 38.46%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 CAD-0.51 18.60%
2024
CAD-0.12 76.47%
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2025
CAD0.12 200.00%
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2026
CAD-0.38 416.67%
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P/E ratio

Current -13.94 85.18%
2024
-76.85 451.29%
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2025
73.71 195.91%
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2026
-23.76 132.23%
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Based on analysts' sales estimates for 2024, the Innergex Renewable Energy stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 8.05 14.00%
2024
8.06 0.18%
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2025
7.29 9.60%
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2026
7.52 3.09%
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P/S ratio

Current 1.74 38.40%
2024
1.74 0.21%
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2025
1.58 9.60%
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2026
1.62 3.09%
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