Capital Power Corp (TSX:CPX)

Watchlist Manager

Watchlist

Price: 58.78 CAD 1.48%

Market Cap: 7.7B CAD

Have any thoughts about
Capital Power Corp?

Write Note

Section:

Relative Value

The Relative Value of one CPX stock under the Base Case scenario is 81.44 CAD. Compared to the current market price of 58.78 CAD, Capital Power Corp is Undervalued by 28%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

CPX Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

P/S

vs History	30
vs Industry	53

Median 5Y

1.7

Industry

1.7

Forward

2.4

More Details

14.7

P/E

vs History	66
vs Industry	58

Median 5Y

23.3

Industry

15.1

Forward

More Details

11.2

P/OCF

vs History	0
vs Industry	44

Median 5Y

5.2

Industry

7.1

More Details

7.6

P/FCFE

vs History	61
vs Industry	49

Median 5Y

9.5

Industry

13.9

More Details

P/B

vs History	4
vs Industry	45

Median 5Y

1.4

Industry

1.4

More Details

3.2

EV/S

vs History	39
vs Industry	52

Median 5Y

2.9

Industry

2.8

Forward

3.9

More Details

6.2

EV/GP

vs History	4
vs Industry	64

Median 5Y

4.8

Industry

7.6

More Details

8.8

EV/EBITDA

vs History	6
vs Industry	63

Median 5Y

7.3

Industry

10.5

Forward

9.1

More Details

13.7

EV/EBIT

vs History	58
vs Industry	57

Median 5Y

14.2

Industry

14.9

Forward

11.1

More Details

18.2

EV/OCF

vs History	0
vs Industry	41

Median 5Y

8.9

Industry

11.2

More Details

Negative

EV/FCFF

vs History
vs Industry	7

Median 5Y

21.8

Industry

16.4

More Details

1.1

EV/IC

vs History	0
vs Industry	45

Median 5Y

0.9

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA		Capital Power Corp TSX:CPX	7.7B CAD	2	14.7	8.8	13.7
DE		Uniper SE XETRA:UN01	562.9B EUR	2.1	-29.7	-142.5	-87.5
SA		ACWA Power Co SAU:2082	284.5B SAR	46.1	149.4	114.5	139.2
US		Vistra Corp NYSE:VST	47.2B USD	2.9	25.5	10.2	17.1
IN		NTPC Ltd NSE:NTPC	3.6T INR	2	16.4	10.6	15.8
CN		CGN Power Co Ltd SZSE:003816	203.5B CNY	2.5	18.7	15.3	15.3
CN		China National Nuclear Power Co Ltd SSE:601985	186.2B CNY	2.4	17.9	16.5	16.5
IN		Adani Power Ltd NSE:ADANIPOWER	2.1T INR	3.9	16.7	11.2	13.8
TH	G	Gulf Energy Development PCL SET:GULF	756.8B THB	6.4	46.3	41	50.4
CN		SDIC Power Holdings Co Ltd SSE:600886	114.9B CNY	2	16.6	13.8	13.8
IN		JSW Energy Ltd NSE:JSWENERGY	1.3T INR	11.2	65.4	27.7	39.4

				Revenue Growth
CA		Capital Power Corp TSX:CPX	Average P/S: 7.6 2	-35%
DE		Uniper SE XETRA:UN01	2.1	-1%
SA		ACWA Power Co SAU:2082	46.1	63%
US		Vistra Corp NYSE:VST	2.9	36%
IN		NTPC Ltd NSE:NTPC	2	24%
CN		CGN Power Co Ltd SZSE:003816	2.5	20%
CN		China National Nuclear Power Co Ltd SSE:601985	2.4	24%
IN		Adani Power Ltd NSE:ADANIPOWER	3.9	N/A
TH	G	Gulf Energy Development PCL SET:GULF	6.4	30%
CN		SDIC Power Holdings Co Ltd SSE:600886	2	19%
IN		JSW Energy Ltd NSE:JSWENERGY	11.2	72%

				Earnings Growth
CA		Capital Power Corp TSX:CPX	Average P/E: 38.7 14.7	-24%
DE		Uniper SE XETRA:UN01	Negative Multiple: -29.7	N/A
SA		ACWA Power Co SAU:2082	149.4	48%
US		Vistra Corp NYSE:VST	25.5	115%
IN		NTPC Ltd NSE:NTPC	16.4	28%
CN		CGN Power Co Ltd SZSE:003816	18.7	27%
CN		China National Nuclear Power Co Ltd SSE:601985	17.9	25%
IN		Adani Power Ltd NSE:ADANIPOWER	16.7	N/A
TH	G	Gulf Energy Development PCL SET:GULF	46.3	57%
CN		SDIC Power Holdings Co Ltd SSE:600886	16.6	41%
IN		JSW Energy Ltd NSE:JSWENERGY	65.4	131%

				EBITDA Growth
CA		Capital Power Corp TSX:CPX	Average EV/EBITDA: 27 8.8	-9%
DE		Uniper SE XETRA:UN01	Negative Multiple: -142.5	N/A
SA		ACWA Power Co SAU:2082	114.5	108%
US		Vistra Corp NYSE:VST	10.2	37%
IN		NTPC Ltd NSE:NTPC	10.6	36%
CN		CGN Power Co Ltd SZSE:003816	15.3	111%
CN		China National Nuclear Power Co Ltd SSE:601985	16.5	105%
IN		Adani Power Ltd NSE:ADANIPOWER	11.2	N/A
TH	G	Gulf Energy Development PCL SET:GULF	41	71%
CN		SDIC Power Holdings Co Ltd SSE:600886	13.8	135%
IN		JSW Energy Ltd NSE:JSWENERGY	27.7	108%

				EBIT Growth
CA		Capital Power Corp TSX:CPX	Average EV/EBIT: 33.5 13.7	-5%
DE		Uniper SE XETRA:UN01	Negative Multiple: -87.5	N/A
SA		ACWA Power Co SAU:2082	139.2	120%
US		Vistra Corp NYSE:VST	17.1	53%
IN		NTPC Ltd NSE:NTPC	15.8	51%
CN		CGN Power Co Ltd SZSE:003816	15.3	19%
CN		China National Nuclear Power Co Ltd SSE:601985	16.5	21%
IN		Adani Power Ltd NSE:ADANIPOWER	13.8	N/A
TH	G	Gulf Energy Development PCL SET:GULF	50.4	75%
CN		SDIC Power Holdings Co Ltd SSE:600886	13.8	29%
IN		JSW Energy Ltd NSE:JSWENERGY	39.4	109%

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Estee Lauder Companies Inc NYSE:EL	Consumer products
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Church & Dwight Co Inc NYSE:CHD	Consumer products
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	American Express Co NYSE:AXP	Financial Services
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Target Corp NYSE:TGT	Retail
US	Walt Disney Co NYSE:DIS	Media
US	Mueller Industries Inc NYSE:MLI	Machinery
US	PayPal Holdings Inc NASDAQ:PYPL	Technology

Capital Power Corp
TSX:CPX

Relative Value

Valuation Multiples

Multiples Across Competitors

CPX Competitors Multiples
Capital Power Corp Competitors

See Also

Company

Help

Tools

Stocks

52 Week Range	35.31 58.78
Price Target

Capital Power Corp TSX:CPX

Relative Value

Valuation Multiples

Multiples Across Competitors

CPX Competitors Multiples Capital Power Corp Competitors

See Also

Company

Help

Tools

Stocks

Capital Power Corp
TSX:CPX

CPX Competitors Multiples
Capital Power Corp Competitors