(AQN) Algonquin Power & Utilities - Overview
Stock: Electricity, Water, Gas, Renewable, Transmission
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.71% |
| Yield on Cost 5y | 2.50% |
| Yield CAGR 5y | -16.48% |
| Payout Consistency | 92.9% |
| Payout Ratio | 120.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 30.4% |
| Relative Tail Risk | -7.67% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.35 |
| Alpha | 40.75 |
| Character TTM | |
|---|---|
| Beta | 0.479 |
| Beta Downside | 0.384 |
| Drawdowns 3y | |
|---|---|
| Max DD | 46.96% |
| CAGR/Max DD | 0.03 |
Description: AQN Algonquin Power & Utilities January 08, 2026
Algonquin Power & Utilities Corp. (AQN) is a North-American multi-utility that owns and operates regulated electric, water, wastewater, and natural gas distribution systems across the United States, Canada, Bermuda, and Chile, serving roughly 1.27 million customer connections as of 31 Dec 2024.
The company’s electric distribution footprint includes about 310 k connections in seven U.S. states and Bermuda, while its water and wastewater businesses cover roughly 577 k connections in eight U.S. states, New York, Texas, and Chile. Its natural gas segment serves about 378 k customers in seven U.S. states, Massachusetts, New York, and New Brunswick, Canada.
On the generation side, AQN operates a portfolio of hydroelectric facilities with a combined gross capacity of ~115 MW (net ~111 MW) and holds additional renewable assets amounting to ~0.3 GW of net generation capacity, emphasizing low-carbon, regulated revenue streams.
Recent performance indicators (2023) show adjusted EBITDA of approximately $1.2 bn and a dividend yield near 5.3 %, reflecting the company’s cash-generating stability. Growth drivers include continued expansion of regulated water assets in high-growth U.S. markets and the incremental addition of renewable capacity, which aligns with sector-wide trends toward decarbonization and rate-base growth. However, AQN’s earnings are sensitive to interest-rate movements because of its capital-intensive infrastructure and reliance on debt financing.
For a deeper, data-driven look at AQN’s valuation and risk profile, the ValueRay platform provides a concise analytical snapshot.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income: -26.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.82 > 1.0 |
| NWC/Revenue: 8.90% < 20% (prev -3.90%; Δ 12.80% < -1%) |
| CFO/TA 0.03 > 3% & CFO 481.4m > Net Income -26.6m |
| Net Debt (6.37b) to EBITDA (842.5m): 7.56 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (772.4m) vs 12m ago 0.35% < -2% |
| Gross Margin: 65.01% > 18% (prev 0.74%; Δ 6427 % > 0.5%) |
| Asset Turnover: 15.12% > 50% (prev 13.50%; Δ 1.62% > 0%) |
| Interest Coverage Ratio: 1.59 > 6 (EBITDA TTM 842.5m / Interest Expense TTM 331.4m) |
Altman Z'' -0.72
| A: 0.02 (Total Current Assets 1.15b - Total Current Liabilities 934.2m) / Total Assets 13.79b |
| B: -0.21 (Retained Earnings -2.93b / Total Assets 13.79b) |
| C: 0.03 (EBIT TTM 527.0m / Avg Total Assets 15.79b) |
| D: -0.34 (Book Value of Equity -2.93b / Total Liabilities 8.71b) |
| Altman-Z'' Score: -0.72 = B |
Beneish M -2.97
| DSRI: 1.29 (Receivables 489.6m/381.8m, Revenue 2.39b/2.40b) |
| GMI: 1.14 (GM 65.01% / 74.35%) |
| AQI: 0.54 (AQ_t 0.22 / AQ_t-1 0.41) |
| SGI: 0.99 (Revenue 2.39b / 2.40b) |
| TATA: -0.04 (NI -26.6m - CFO 481.4m) / TA 13.79b) |
| Beneish M-Score: -2.97 (Cap -4..+1) = A |
What is the price of AQN shares?
Over the past week, the price has changed by -0.31%, over one month by +4.01%, over three months by +4.88% and over the past year by +50.38%.
Is AQN a buy, sell or hold?
- StrongBuy: 0
- Buy: 1
- Hold: 11
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the AQN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.8 | 4% |
| Analysts Target Price | 6.8 | 4% |
| ValueRay Target Price | 7.6 | 16.6% |
AQN Fundamental Data Overview February 03, 2026
P/E Forward = 17.6991
P/S = 2.1086
P/B = 1.1144
Revenue TTM = 2.39b USD
EBIT TTM = 527.0m USD
EBITDA TTM = 842.5m USD
Long Term Debt = 6.16b USD (from longTermDebt, last quarter)
Short Term Debt = 271.6m USD (from shortLongTermDebt, last quarter)
Debt = 6.70b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 6.37b USD (from netDebt column, last quarter)
Enterprise Value = 11.67b USD (5.03b + Debt 6.70b - CCE 62.2m)
Interest Coverage Ratio = 1.59 (Ebit TTM 527.0m / Interest Expense TTM 331.4m)
EV/FCF = -33.90x (Enterprise Value 11.67b / FCF TTM -344.2m)
FCF Yield = -2.95% (FCF TTM -344.2m / Enterprise Value 11.67b)
FCF Margin = -14.42% (FCF TTM -344.2m / Revenue TTM 2.39b)
Net Margin = -1.11% (Net Income TTM -26.6m / Revenue TTM 2.39b)
Gross Margin = 65.01% ((Revenue TTM 2.39b - Cost of Revenue TTM 835.5m) / Revenue TTM)
Gross Margin QoQ = 78.33% (prev 76.39%)
Tobins Q-Ratio = 0.85 (Enterprise Value 11.67b / Total Assets 13.79b)
Interest Expense / Debt = 1.07% (Interest Expense 71.7m / Debt 6.70b)
Taxrate = 31.51% (27.0m / 85.7m)
NOPAT = 360.9m (EBIT 527.0m * (1 - 31.51%))
Current Ratio = 1.23 (Total Current Assets 1.15b / Total Current Liabilities 934.2m)
Debt / Equity = 1.44 (Debt 6.70b / totalStockholderEquity, last quarter 4.64b)
Debt / EBITDA = 7.56 (Net Debt 6.37b / EBITDA 842.5m)
Debt / FCF = -18.51 (negative FCF - burning cash) (Net Debt 6.37b / FCF TTM -344.2m)
Total Stockholder Equity = 4.68b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.17% (Net Income -26.6m / Total Assets 13.79b)
RoE = -0.57% (Net Income TTM -26.6m / Total Stockholder Equity 4.68b)
RoCE = 4.86% (EBIT 527.0m / Capital Employed (Equity 4.68b + L.T.Debt 6.16b))
RoIC = 3.30% (NOPAT 360.9m / Invested Capital 10.94b)
WACC = 3.71% (E(5.03b)/V(11.73b) * Re(7.68%) + D(6.70b)/V(11.73b) * Rd(1.07%) * (1-Tc(0.32)))
Discount Rate = 7.68% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 5.24%
Fair Price DCF = unknown (Cash Flow -344.2m)
EPS Correlation: -74.71 | EPS CAGR: -55.07% | SUE: -2.19 | # QB: 0
Revenue Correlation: -47.26 | Revenue CAGR: -0.55% | SUE: -0.11 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.11 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.36 | Chg30d=-0.002 | Revisions Net=-1 | Growth EPS=+14.6% | Growth Revenue=+3.8%