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Innergex Valuation Multiples

Discover revenue and EBITDA valuation multiples for Innergex and similar public comparables like Dana Gas, AGL Energy, and ADNOC Gas.

Innergex Overview

About Innergex

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. The company operates into three segments:; hydroelectric power generation; wind power generation; and solar power generation. It derives maximum revenue from Hydroelectric segment. Geogeraphically, the company operates into Canada, France, Chile and United States, of which Canada derives maximum revenue.


Founded

2002

HQ

Canada
Employees

606

Website

innergex.com

Financials

LTM Revenue $769M

LTM EBITDA $524M

EV

$6.7B

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Innergex Financials

Innergex has a last 12-month revenue of $769M and a last 12-month EBITDA of $524M.

In the most recent fiscal year, Innergex achieved revenue of $666M and an EBITDA of $483M.

Innergex expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Innergex P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $678M $666M XXX XXX XXX
Gross Profit n/a $729M XXX XXX XXX
Gross Margin NaN% 109% XXX XXX XXX
EBITDA $377M $483M XXX XXX XXX
EBITDA Margin 56% 73% XXX XXX XXX
Net Profit -$57.1M -$68.9M XXX XXX XXX
Net Margin -8% -10% XXX XXX XXX
Net Debt $3.9B $4.3B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Innergex Stock Performance

As of April 15, 2025, Innergex's stock price is CAD 14 (or $9).

Innergex has current market cap of CAD 2.7B (or $1.9B), and EV of CAD 9.5B (or $6.7B).

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Innergex Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$6.7B $1.9B XXX XXX XXX XXX $0.13

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Innergex Valuation Multiples

As of April 15, 2025, Innergex has market cap of $1.9B and EV of $6.7B.

Innergex's trades at 8.7x LTM EV/Revenue multiple, and 12.7x LTM EBITDA.

Analysts estimate Innergex's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Innergex Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $6.7B XXX XXX XXX
EV/Revenue 10.0x XXX XXX XXX
EV/EBITDA 13.8x XXX XXX XXX
P/E 172.0x XXX XXX XXX
P/E/Growth 3.6x XXX XXX XXX
EV/FCF -66.3x XXX XXX XXX

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Innergex Valuation Multiples

Innergex's NTM/LTM revenue growth is 12%

Innergex's revenue per employee for the last fiscal year averaged $1.1M, while opex per employee averaged $0.8M for the same period.

Over next 12 months, Innergex's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Innergex's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Innergex Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -2% XXX XXX XXX XXX
EBITDA Margin 73% XXX XXX XXX XXX
EBITDA Growth 28% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 84% XXX XXX XXX XXX
Revenue per Employee $1.1M XXX XXX XXX XXX
Opex per Employee $0.8M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 7% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 76% XXX XXX XXX XXX

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Innergex Public Comps

See public comps and valuation multiples for Energy Exploration & Generation and Wind comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ADNOC Drilling Company XXX XXX XXX XXX XXX XXX
ADNOC Gas XXX XXX XXX XXX XXX XXX
Dana Gas XXX XXX XXX XXX XXX XXX
TAQA XXX XXX XXX XXX XXX XXX
AGL Energy 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.

Innergex M&A and Investment Activity

Innergex acquired  XXX companies to date.

Last acquisition by Innergex was  XXXXXXXX, XXXXX XXXXX XXXXXX . Innergex acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Innergex

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Innergex

When was Innergex founded? Innergex was founded in 2002.
Where is Innergex headquartered? Innergex is headquartered in Canada.
How many employees does Innergex have? As of today, Innergex has 606 employees.
Who is the CEO of Innergex? Innergex's CEO is Mr. Michel Letellier, M.B.A..
Is Innergex publicy listed? Yes, Innergex is a public company listed on TSE.
What is the stock symbol of Innergex? Innergex trades under INE ticker.
When did Innergex go public? Innergex went public in 2007.
Who are competitors of Innergex? Similar companies to Innergex include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA.
What is the current market cap of Innergex? Innergex's current market cap is $1.9B
What is the current revenue of Innergex? Innergex's last 12-month revenue is $769M.
What is the current EBITDA of Innergex? Innergex's last 12-month EBITDA is $524M.
What is the current EV/Revenue multiple of Innergex? Current revenue multiple of Innergex is 8.7x.
What is the current EV/EBITDA multiple of Innergex? Current EBITDA multiple of Innergex is 12.7x.
What is the current revenue growth of Innergex? Innergex revenue growth between 2023 and 2024 was -2%.
Is Innergex profitable? Yes, Innergex is EBITDA-positive (as of the last 12 months).

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