CPX Stock Analysis: Capital Power | TO
Utilities - Independent Power Producers | TO, Canada | Market Cap: 9.960m CAD | 12M Return: -9.5% | CA14042M1023 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 27.6M
EPS Trend: -47.8%
Qual. Beats: 0
Rev. Trend: -44.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Capital Power Corporation (TSX: CPX) is a Canadian independent power producer that develops, owns, and operates utility-scale generation facilities across Canada and the United States. Its portfolio includes gas, wind, solar, waste-heat, landfill-gas, and battery storage assets, and the company also trades and markets electricity and natural gas.
The company reports approximately 12 GW of gross generation capacity in North America, including 180 MW of renewable capacity in North Carolina and approximately 170 MW of new battery storage systems in Ontario. It is headquartered in Edmonton and was founded in 1891.
- Alberta power prices and market reforms drive merchant-generation margins
- U.S. gas-fired acquisitions expand earnings while increasing leverage
- Renewable and battery investments support growth but raise capital needs
| Net Income: 112.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.72 > 1.0 |
| NWC/Revenue: -11.40% < 20% (prev -4.20%; Δ -7.20% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.10b > Net Income 112.0m |
| Net Debt (7.15b) to EBITDA (1.17b): 6.10 < 3 |
| Current Ratio: 0.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (156.9m) vs 12m ago 3.73% < -2% |
| Gross Margin: -3.29% > 18% (prev -0.74%; Δ -2.56% > 0.5%) |
| Asset Turnover: 23.83% > 50% (prev 18.83%; Δ 5.00% > 0%) |
| Interest Coverage Ratio: 1.31 > 6 (EBIT TTM 491.0m / Interest Expense TTM 374.0m) |
| A: -0.03 (Total Current Assets 1.66b - Total Current Liabilities 2.08b) / Total Assets 15.7b |
| B: -0.04 (Retained Earnings -669.0m / Total Assets 15.7b) |
| C: 0.03 (EBIT TTM 491.0m / Avg Total Assets 15.4b) |
| D: 0.43 (Book Value of Equity 4.74b / Total Liabilities 10.9b) |
| Altman-Z'' = 0.35 = B |
| DSRI: 0.84 (Receivables 793.0m/734.0m, Revenue 3.68b/2.86b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.88 (AQ_t 0.15 / AQ_t-1 0.17) |
| SGI: 1.29 (Revenue 3.68b / 2.86b) |
| TATA: -0.06 (NI 112.0m - CFO 1.10b) / TA 15.7b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of November 04, 2026, the stock is trading at CAD 63.76 with a total of 624,275 shares traded. Over the past week, the price has changed by +2.33%, over one month by +2.43%, over three months by -4.20% and over the past year by -9.53%.
Current recommended Stop Loss: 60.10 (which is 5.7% or 2.4 ATR below the current price).
Capital Power has no consensus analysts rating.
P/E Trailing = 121.9423
P/E Forward = 21.5983
P/S = 2.403
P/B = 2.0887
P/EG = 1.4301
Revenue TTM = 3.68b CAD
EBIT TTM = 491.0m CAD
EBITDA TTM = 1.17b CAD
Long Term Debt = 6.33b CAD (from longTermDebt, last quarter)
Short Term Debt = 649.0m CAD (from shortTermDebt, last quarter)
Debt = 7.30b CAD (from shortLongTermDebtTotal, last quarter) + Leases 159.0m
Net Debt = 7.15b CAD (calculated: Debt 7.30b - CCE 153.0m)
Enterprise Value = 17.1b CAD (9.96b + Debt 7.30b - CCE 153.0m)
Interest Coverage Ratio = 1.31 (Ebit TTM 491.0m / Interest Expense TTM 374.0m)
EV/FCF = 91.98x (Enterprise Value 17.1b / FCF TTM 186.0m)
FCF Yield = 1.09% (FCF TTM 186.0m / Enterprise Value 17.1b)
FCF Margin = 5.06% (FCF TTM 186.0m / Revenue TTM 3.68b)
Net Margin = 3.05% (Net Income TTM 112.0m / Revenue TTM 3.68b)
Gross Margin = -3.29% ((Revenue TTM 3.68b - Cost of Revenue TTM 3.80b) / Revenue TTM)
Gross Margin QoQ = 18.52% (prev 16.06%)
Tobins Q-Ratio = 1.09 (Enterprise Value 17.1b / Total Assets 15.7b)
Interest Expense / Debt = 5.12% (Interest Expense 374.0m / Debt 7.30b)
Taxrate = 4.79% (8.00m / 167.0m)
NOPAT = 467.5m (EBIT 491.0m * (1 - 4.79%))
Current Ratio = 0.80 (Total Current Assets 1.66b / Total Current Liabilities 2.08b)
Debt / Equity = 1.54 (Debt 7.30b / totalStockholderEquity, last quarter 4.74b)
Debt / EBITDA = 6.10 (Net Debt 7.15b / EBITDA 1.17b)
Debt / FCF = 38.43 (Net Debt 7.15b / FCF TTM 186.0m)
Total Stockholder Equity = 4.86b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.73% (Net Income 112.0m / Total Assets 15.7b)
RoE = 2.31% (Net Income TTM 112.0m / Total Stockholder Equity 4.86b)
RoCE = 4.39% (EBIT 491.0m / Capital Employed (Equity 4.86b + L.T.Debt 6.33b))
RoIC = 3.32% (NOPAT 467.5m / Invested Capital 14.1b)
WACC = 6.88% (E(9.96b)/V(17.3b) * Re(8.34%) + D(7.30b)/V(17.3b) * Rd(5.12%) * (1-Tc(0.05)))
Discount Rate = 8.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.76 | Cagr: 11.05%
[DCF] Terminal Value 75.44% ; FCFF base≈186.0m ; Y1≈186.8m ; Y5≈197.8m
[DCF] Fair Price = N/A (negative equity: EV 3.08b - Net Debt 7.15b = -4.07b; debt exceeds intrinsic value)
EPS Correlation: -47.79 | EPS CAGR: -11.70% | SUE: 0.09 | # QB: 0
Revenue Correlation: -44.44 | Revenue CAGR: -7.27% | SUE: -0.44 | # QB: 0
EPS current Quarter (2027-03-31): EPS=1.11 | Chg30d=+29.07% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.46 | Chg30d=-5.64% | Revisions=-25% | GrowthEPS=-59.2% | GrowthRev=+5.9%
EPS next Year (2027-12-31): EPS=2.78 | Chg30d=-3.47% | Revisions=-25% | GrowthEPS=+91.2% | GrowthRev=+8.9%
[Analyst] Revisions Ratio: -50% (up=0, down=3)