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Arphra AIPlain-English read on Algonquin Power & Utilities Cor’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Headline | |||||
| Market cap | — | — | — | — | — |
| Enterprise value | — | — | — | — | — |
| Multiples | |||||
| P / E | — | — | — | — | — |
| P / B | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / Sales | — | — | — | — | — |
| EV / FCF | — | — | — | — | — |
| Yields | |||||
| Earnings yield | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — |
| Dividend yield | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin | +25.26% | +17.96% | +19.54% | +31.00% | +36.44% |
| Operating margin | +22.13% | +18.80% | +15.50% | +17.32% | +19.23% |
| EBITDA margin | +37.76% | +34.53% | +36.85% | +30.27% | +35.83% |
| EBIT margin | +19.66% | +16.16% | +19.29% | +17.14% | +18.77% |
| Pre-tax margin | +45.66% | +6.47% | -14.25% | -2.30% | +7.64% |
| Net margin | +47.47% | +11.95% | -7.85% | +0.75% | -59.52% |
| Cost structure | |||||
| Cost of revenue / sales | +74.74% | +82.04% | +80.46% | +79.64% | +63.56% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +3.83% | +3.01% | +2.97% | +3.41% | +0.61% |
| Effective tax rate | +8.15% | +30.53% | — | — | +105.43% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Returns | |||||
| Return on equity (ROE) | +13.75% | +3.41% | -2.85% | +0.29% | -22.33% |
| Return on assets (ROA) | +6.23% | +1.57% | -1.16% | +0.11% | -8.14% |
| Return on capital (ROC) | +3.64% | +2.97% | +2.74% | +3.02% | +3.46% |
| Return on invested capital (ROIC) | +7.81% | +1.89% | +2.05% | +0.13% | +2.59% |
| Asset turnover | +13.12% | +13.10% | +14.72% | +14.68% | +13.68% |
| DuPont · ROE decomposition | |||||
| Net margin | +47.47% | +11.95% | -7.85% | +0.75% | -59.52% |
| Asset turnover (× revenue / assets) | +13.12% | +13.10% | +14.72% | +14.68% | +13.68% |
| Equity multiplier (× assets / equity) | +220.79% | +218.10% | +246.34% | +264.65% | +274.41% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Turnover | |||||
| Asset turnover | 0.13 | 0.13 | 0.15 | 0.15 | 0.14 |
| Fixed-asset turnover | 0.21 | 0.20 | 0.22 | 0.22 | 0.25 |
| Inventory turnover | 9.63 | 10.16 | 9.28 | 9.46 | 6.59 |
| Receivables turnover | 5.34 | 5.45 | 4.92 | 5.17 | 5.49 |
| Payables turnover | 6.75 | 9.74 | 11.22 | 10.21 | 8.98 |
| Days outstanding | |||||
| Days sales outstanding (DSO) | 68.32 | 66.91 | 74.26 | 70.55 | 66.50 |
| Days inventory outstanding (DIO) | 37.89 | 35.94 | 39.31 | 38.58 | 55.36 |
| Days payables outstanding (DPO) | 54.08 | 37.46 | 32.53 | 35.74 | 40.64 |
| Cash conversion cycle | 52.13 | 65.39 | 81.05 | 73.39 | 81.21 |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Operating CF / Net income | 0.61 | 0.60 | -3.04 | 30.91 | -0.35 |
| FCF / Net income | -0.39 | -4.65 | 2.34 | -19.60 | 0.28 |
| FCF margin | -18.33% | -55.52% | -18.38% | -14.76% | -16.84% |
| OCF margin | +29.11% | +7.17% | +23.86% | +23.28% | +20.77% |
| CapEx / Revenue | +48.98% | +62.62% | +41.30% | +38.03% | +37.61% |
| CapEx / D&A | 2.71 | 3.42 | 2.35 | 2.20 | 2.20 |
| Stock-based comp / Revenue | +1.42% | +0.38% | +0.42% | +0.42% | +0.79% |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| EPS · diluted | 1.44 | 0.40 | -0.30 | 0.03 | 0.15 |
| EPS · basic | 1.46 | 0.41 | -0.30 | 0.03 | 0.16 |
| Book value / share | 10.61 | 12.23 | 10.55 | 10.05 | 8.42 |
| Tangible BV / share | 8.27 | 10.15 | 8.46 | 8.00 | 6.54 |
| Sales / share | 3.08 | 3.49 | 3.83 | 3.91 | 3.16 |
| Operating CF / share | 0.90 | 0.25 | 0.91 | 0.91 | 0.66 |
| Free cash flow / share | -0.56 | -1.94 | -0.70 | -0.58 | -0.53 |
| Dividends / share | 0.49 | 0.50 | 0.55 | 0.49 | 0.40 |
| Payout ratio | +33.50% | +119.35% | -182.71% | +1658.09% | -21.41% |
| Retention ratio | +66.50% | -19.35% | +282.71% | -1558.09% | +121.41% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | 4y CAGR |
|---|---|---|---|---|---|---|
| Top-line | ||||||
| Revenue · YoY | — | +26.63% | +18.05% | +4.00% | -14.03% | +7.52% |
| Gross profit · YoY | — | -10.00% | +28.48% | +64.99% | +1.05% | +17.83% |
| Profit | ||||||
| Operating income · YoY | — | +7.57% | -2.68% | +16.23% | -4.54% | +3.82% |
| EBITDA · YoY | — | +15.79% | +26.00% | -14.58% | +1.78% | +6.13% |
| Net income · YoY | — | -68.13% | -177.55% | +109.98% | -6894.55% | — |
| Operating | ||||||
| EBIT · YoY | — | +4.11% | +40.92% | -7.58% | -5.85% | +6.29% |
| R&D · YoY | — | — | — | — | — | — |
| Per-share | ||||||
| EPS · diluted · YoY | — | -72.22% | -175.00% | +110.00% | +400.00% | -43.19% |
| EPS · basic · YoY | — | -71.92% | -173.17% | +110.00% | +433.33% | -42.46% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
| In USD | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Leverage | |||||
| Total debt | $4.55B | $6.23B | $7.53B | $8.55B | $6.73B |
| Net debt | $4.45B | $6.1B | $7.47B | $8.53B | $6.69B |
| Net debt / EBITDA | 6.79 | 8.04 | 7.82 | 10.44 | 8.05 |
| Debt / equity | 0.76 | 0.81 | 1.05 | 1.23 | 1.09 |
| Debt / assets | +34.43% | +37.11% | +42.74% | +46.54% | +39.67% |
| Equity / assets | +45.29% | +45.85% | +40.59% | +37.79% | +36.44% |
| Coverage | |||||
| EBITDA / interest expense | 3.20 | 3.54 | 3.44 | 2.18 | 2.29 |
| Operating income / interest | 1.87 | 1.93 | 1.45 | 1.25 | 1.23 |
| Interest expense | $205.06M | $214.17M | $277.91M | $375.09M | $363.58M |
| Liquidity | |||||
| Current ratio | 0.73 | 0.69 | 0.71 | 0.63 | 0.76 |
| Quick ratio | 0.45 | 0.39 | 0.38 | 0.34 | 0.31 |
| Cash ratio | 0.11 | 0.09 | 0.04 | 0.01 | 0.02 |
| Working capital | -$260.2M | -$425.39M | -$439.78M | -$618.84M | -$362.32M |
| Working capital / revenue | -14.99% | -19.36% | -16.95% | -22.94% | -15.62% |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).