# NextEra Energy CDR (CAD Hedged) (NEE.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Utilities / Multi-Utilities. Price C$27.08, market value C$236.5 billion.

## Valuation
- **P/E (trailing): 15.2×** (5-yr avg 33.0×, 3-yr avg 33.0×). NextEra Energy CDR (CAD Hedged) trades at 15.2× trailing earnings, well below its own five-year average of 33.0×: cheap by its own standards. The Utilities median in the September 2026 study was 21.2×.
- **Price / sales: 8.2×**. Each dollar of revenue is priced at 8.2×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 19.5×**. Enterprise value is 19.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.7%** (5-yr avg 1.4%). Free cash flow equals 1.7% of the market value, above its five-year average of 1.4%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Gross margin: 60.2%**. NextEra Energy CDR (CAD Hedged) keeps 60.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 29.0%**. 29.0% of revenue is left after running the business, an exceptional level.
- **Net margin: 24.9%**. 24.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.5%**. 12.5% on shareholders' equity is solid.
- **Return on invested capital: 5.5%**. Return on all capital, debt included, is 5.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 5.5%**. Each dollar of assets produces 5.5% of profit.

## Growth
- **Revenue growth (1 yr): 10.7%** (3-yr 9.4%/yr). Revenue grew 10.7% over the last year.
- **EPS growth (1 yr): -2.6%** (3-yr 16.3%/yr). Earnings per share fell 2.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.75**. Debt is 1.75 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: 5.5×**. It would take 5.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 0.60** (quick 0.49). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.53**. A Z-score of 1.53 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. NextEra Energy CDR (CAD Hedged) does not currently pay a dividend, but it returned -0.4% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -15.2%** (12.4% above the low). Trading 15% 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): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): 0.28** (volatility 21%). Beta of 0.28 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NEE.TO · Page: https://foliofundamentals.com/stocks/nee.to

Not investment advice.