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How to buy Boralex stock in Canada

Learn how to buy Boralex stock in 6 easy steps.

Boralex

TO: BLX-CAD

About two hours ago

C$27.31

+C$0.15 (+0.55%)

Buy Boralex Stock

Boralex is an utilities - renewable business based in Canada. Boralex shares (BLX.TO) are listed on the Toronto stock Exchange (TSX) and all prices are listed in Canadian dollars. Its last market close was C$27.57 – the same closing value as a week prior. Boralex employs 753 staff and has a trailing 12-month revenue of around C$1 billion.

How to buy shares in Boralex

Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
Open your account. Provide your personal information and sign up.
Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
Search the platform for stock code: BLX in this case.
Research stocks. The platform should provide the latest information available.
Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.

The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

Is it a good time to buy Boralex stock?

Only you can make the decision on the time to leap... but here's some supporting information and analysis.

Use our graph to track the performance of BLX stocks over time.

Share price volatility

Over the last 12 months, Boralex's shares have ranged in value from as little as C$25.113 up to C$40.7085. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (TO average) beta is 1, while Boralex's is 0.407. This would suggest that Boralex's shares are less volatile than average (for this exchange).

Historical closes compared with the last close of C$27.57

1 week (2024-04-18)	3.03%
1 month (2024-03-25)	-1.54%
3 months (2024-01-25)	-14.25%
6 months (2023-10-25)	4.04%
1 year (2023-04-25)	-30.64%
2 years (2022-04-25)	-29.31%
3 years (2021-04-25)	-34.48%
5 years (2019-04-25)	49.92%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is Boralex under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Boralex P/E ratio, PEG ratio and EBITDA

Boralex's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 35x. In other words, Boralex stocks trade at around 35x recent earnings.

Boralex's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.9109. A PEG ratio below 1 can be interpreted as meaning the shares are not overvalued given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Boralex's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Boralex's EBITDA (earnings before interest, taxes, depreciation and amortisation) is C$516 million.

The EBITDA is a measure of a Boralex's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

Dividend yield: 2.44% of stock value
Forward annual dividend yield: 2.44% of stock value
Dividend payout ratio: 70.97% of net profits

Boralex has recently paid out dividends equivalent to 2.44% of its share value annually.

Boralex has paid out, on average, around 70.97% of recent net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.44% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), shareholders could enjoy a 2.44% return on their shares, in the form of dividend payments. In Boralex's case, that would currently equate to about 0.66 per share.

Boralex's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Boralex's most recent dividend payout was on 14 March 2024. The latest dividend was paid out to all shareholders who bought their shares by 27 February 2024 (the "ex-dividend date").
Boralex's shares were split on a 1:10 basis on 3 April 1997. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Boralex shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Boralex shares which in turn could have impacted Boralex's share price.
It's as easy to sell Boralex as it is to buy! Here's how to sell Boralex stocks that you already own.
1. Open your investment app. If you've got one with desktop access, you can log in online
2. Go to your portfolio. This should be in the main menu
3. Find your shares. You may be able to search your portfolio
4. Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
5. Sell your Boralex shares. Your investment platform will let you know when your shares are sold

Boralex financials

Revenue TTM	C$1 billion
Operating margin TTM	36.42%
Gross profit TTM	C$578 million
Return on assets TTM	2.35%
Return on equity TTM	5.68%
Profit margin	7.63%
Book value	C$15.85
Market capitalisation	C$2.8 billion

TTM: trailing 12 months

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

How to buy Boralex stock in Canada