# Algonquin Power & Utilities Corp. (AQN) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Utilities / Independent Power and Renewable Electricity Producers. Price $5.67, market value $4.4 billion.

## Valuation
- **P/E (trailing): 23.6×** (5-yr avg 63.5×, 3-yr avg 81.4×). Algonquin Power & Utilities Corp. trades at 23.6× trailing earnings, well below its own five-year average of 63.5×: cheap by its own standards. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 13.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.12**. A PEG of 0.12 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 11.9×**. Enterprise value is 11.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -1.3%** (5-yr avg -11.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 4.2%**. The inverse of the P/E: 4.2% of the price is earned each year.

## Profitability
- **Gross margin: 45.4%**. Algonquin Power & Utilities Corp. keeps 45.4% of revenue after the direct cost of what it sells.
- **Operating margin: 20.5%**. 20.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 7.5%**. 7.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.0%**. 4.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.0%**. Return on all capital, debt included, is 3.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit.

## Growth
- **Revenue growth (1 yr): 5.6%** (3-yr -4.0%/yr, 5-yr 7.9%/yr). Revenue grew 5.6% over the last year, against 7.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 112.1%** (5-yr -30.0%/yr). Earnings per share rose 112.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.41**. Debt is 1.41 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: 7.1×**. It would take 7.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.7×**. Operating profit covers interest 1.7×, thin but manageable.
- **Current ratio: 1.00** (quick 0.82). Current assets cover the next year's liabilities 1.00 times.
- **Altman Z-score: 1.04**. A Z-score of 1.04 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.59%** ($0.26 per share, trailing). Algonquin Power & Utilities Corp. yields 4.59%, an income-level yield.
- **Payout ratio: 117%**. The dividend exceeds earnings (117% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): -16.9%/yr** (1-yr -40.4%). The dividend has not grown over five years.
- **Shareholder yield: 4.6%**. Dividends plus net buybacks return 4.6% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (10 analysts). 10 analysts cover Algonquin Power & Utilities Corp.; the consensus is hold, with an average price target of $6.75 (+19% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 2.7%** (YTD -5.8%, 3-mo -4.6%). The shares are up 2.7% over twelve months including dividends.
- **From 52-week high: -20.3%** (6.6% above the low). Trading 20% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.31** (volatility 25%). Beta of 0.31 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AQN · Page: https://foliofundamentals.com/stocks/aqn

Not investment advice.