Algonquin Power & Utilities Corp. Common Shares (AQN) Company Bio
Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, distribution, and transmission utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities. The company was founded in 1996 and is headquartered in Oakville, Canada.
AQN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Algonquin Power & Utilities Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Algonquin Power & Utilities Corp ranked in the 4th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for AQN, they are:
Its compound free cash flow growth rate, as measured over the past 3.96 years, is -0.17% -- higher than just 9.28% of stocks in our DCF forecasting set.
Relative to other stocks in its sector (Utilities), Algonquin Power & Utilities Corp has a reliance on debt greater than only 23.46% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Algonquin Power & Utilities Corp? See KEN, NWE, WEC, GWRS, and ENIA.
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On November 12, 2020, Algonquin Power (NYSE:AQN) declared a dividend payable on January 15, 2021 to its shareholders. Algonquin Power also announced that shareholders on the company's books on or before December 31, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Algonquin Power will be on December 30, 2020. The company's current dividend payout is at $0.16. That equates to a dividend yield of 3.79% at current price levels.What Are Ex-Dividend Dates? Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record...