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Boralex Valuation Multiples
Discover revenue and EBITDA valuation multiples for Boralex and similar public comparables like Terna Energy, Meshek Energy Renewable, Rockpoint Gas Storage, Calumet and more.
Boralex Overview
About Boralex
Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy power stations in Canada, France, the United States, and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.
Founded
1982
HQ
Employees
822
Website
Financials (LTM)
EV
$6B
Boralex Financials
Boralex reported last 12-month revenue of $637M and EBITDA of $502M.
In the same LTM period, Boralex generated $502M in EBITDA and $21M in net income.
Revenue (LTM)
Boralex P&L
In the most recent fiscal year, Boralex reported revenue of $616M and EBITDA of $480M.
Boralex expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $637M | XXX | $616M | XXX | XXX | XXX |
| EBITDA | $502M | XXX | $480M | XXX | XXX | XXX |
| EBITDA Margin | 79% | XXX | 78% | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $21M | XXX | $5M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Boralex Stock Performance
Boralex has current market cap of $3B, and enterprise value of $6B.
Market Cap Evolution
Boralex's stock price is $26.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $3B | -0.5% | XXX | XXX | XXX | $0.05 |
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Start Free TrialBoralex Valuation Multiples
Boralex trades at 9.3x EV/Revenue multiple, and 11.8x EV/EBITDA.
EV / Revenue (LTM)
Boralex Financial Valuation Multiples
As of April 19, 2026, Boralex has market cap of $3B and EV of $6B.
Equity research analysts estimate Boralex's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Boralex has a P/E ratio of 128.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 9.3x | XXX | 9.6x | XXX | XXX | XXX |
| EV/EBITDA | 11.8x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 35.2x | XXX | 42.1x | XXX | XXX | XXX |
| P/E | 128.3x | XXX | 532.5x | XXX | XXX | XXX |
| EV/FCF | 48.3x | XXX | 51.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Boralex Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Boralex Margins & Growth Rates
Boralex's revenue in the last 12 month grew by 19%.
Boralex's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.6M for the same period.
Boralex's rule of 40 is 96% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Boralex's rule of X is 132% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Boralex Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Margin | 79% | XXX | 78% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 15% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 96% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 132% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 78% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Boralex Public Comps
See public comps and valuation multiples for other Energy Production and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Boralex | XXX | XXX | XXX | XXX | XXX | XXX |
| Terna Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Meshek Energy Renewable | XXX | XXX | XXX | XXX | XXX | XXX |
| Rockpoint Gas Storage | XXX | XXX | XXX | XXX | XXX | XXX |
| Calumet | XXX | XXX | XXX | XXX | XXX | XXX |
| Paramount Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Boralex M&A Activity
Boralex acquired XXX companies to date.
Last acquisition by Boralex was on XXXXXXXX, XXXXX. Boralex acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Boralex
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBoralex Investment Activity
Boralex invested in XXX companies to date.
Boralex made its latest investment on XXXXXXXX, XXXXX. Boralex invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Boralex
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Boralex
| When was Boralex founded? | Boralex was founded in 1982. |
| Where is Boralex headquartered? | Boralex is headquartered in Canada. |
| How many employees does Boralex have? | As of today, Boralex has over 822 employees. |
| Who is the CEO of Boralex? | Boralex's CEO is Patrick Decostre. |
| Is Boralex publicly listed? | Yes, Boralex is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Boralex? | Boralex trades under BLX ticker. |
| When did Boralex go public? | Boralex went public in 1999. |
| Who are competitors of Boralex? | Boralex main competitors are Terna Energy, Meshek Energy Renewable, Rockpoint Gas Storage, Calumet. |
| What is the current market cap of Boralex? | Boralex's current market cap is $3B. |
| What is the current revenue of Boralex? | Boralex's last 12 months revenue is $637M. |
| What is the current revenue growth of Boralex? | Boralex revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of Boralex? | Current revenue multiple of Boralex is 9.3x. |
| Is Boralex profitable? | Yes, Boralex is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Boralex? | Boralex's last 12 months EBITDA is $502M. |
| What is Boralex's EBITDA margin? | Boralex's last 12 months EBITDA margin is 79%. |
| What is the current EV/EBITDA multiple of Boralex? | Current EBITDA multiple of Boralex is 11.8x. |
| What is the current FCF of Boralex? | Boralex's last 12 months FCF is $122M. |
| What is Boralex's FCF margin? | Boralex's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of Boralex? | Current FCF multiple of Boralex is 48.3x. |
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