POLARIS INFRASTRUCTURE INC chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 3.12
Dividend & Yield0.78C$ (4.73%)
Beta 1.01
Market capitalization 320.92M
Operating cash flow 38.74M
ESG Scores unknown

Company description

Polaris Renewable Energy Inc. engages in the acquisition, development, and operation of renewable energy projects in Latin America. The company operates a 72 MW net geothermal facility in Nicaragua; and three run-of-river hydroelectric facilities in Peru with approximately 5 MW net, 8 MW net, and 20 MW net capacity. It also operates a solar project in the Dominican Republic with 32.6 MWdc. The company was formerly known as Polaris Infrastructure Inc. and changed its name to Polaris Renewable Energy Inc. in July 2022. Polaris Renewable Energy Inc. was incorporated in 1984 and is based in Toronto, Canada.

Sector: Utilities - Industry: Utilities—Renewable

Financial Ratios
Quick Ratio3.21
Working Capital0.01
Return On Equity0
Debt To Equity0.56
Fixed Asset Ratio0.05
Fixed Interest Cover1.01

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -998k -730k -249k -552k
Total Cashflows From Investing Activities -14.74M -45.23M -2.85M -10.15M
Net Borrowings -12.68M 2.34M -24.02M -21.33M
Total Cash From Financing Activities -22.08M -7.08M -9.99M 6.89M
Change To Operating Activities -223k 281k -328k -1.59M
Issuance Of Stock 23.46M 23.46M 23.46M 39.35M
Net Income 17.18M 14.5M 28.84M 501k
Change In Cash 592k -5.21M 27.46M 37.87M
Effect Of Exchange Rate 5k 8k 3k -2k
Total Cash From Operating Activities 37.41M 47.09M 40.31M 41.13M
Depreciation 22.95M 23.52M 24.76M 26.38M
Change To Account Receivables -3M -76k -4.09M 10.06M
Other Cashflows From Financing Activities
Change To Netincome 1.49M 9.6M -8.62M 6.32M
Capital Expenditures -15.36M -47.91M -6.89M -8.41M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 24.34M 10.04M 38.98M 4.42M
Net Income 17.18M 14.5M 28.84M 501k
Selling General Administrative 2.67M 5.01M 6.09M 6.24M
Gross Profit 62.97M 65.18M 65.95M 50.64M
Ebit 35.59M 34.72M 32.44M 16.49M
Operating Income 35.59M 34.72M 32.44M 16.49M
Interest Expense -15.89M -16.8M -16.18M -16.32M
Income Tax Expense 7.1M -2.8M 10.11M 3.88M
Total Revenue 68.82M 71.25M 74.72M 59.52M
Cost Of Revenue 5.86M 6.07M 8.77M 8.88M
Total Other Income ExpenseNet -11.25M -24.67M 6.54M -12.07M
Net Income From Continuing Ops 17.24M 12.84M 28.87M 542k
Net Income Applicable To Common Shares 17.18M 14.5M 28.84M 501k

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 262.06M 256.52M 263.22M 241.88M
Total Stockholder Equity 203.84M 209.23M 228.75M 262.76M
Other Current Liabilities 20.08M 9.12M 3.98M 2.3M
Total Assets 465.55M 463.74M 489.99M 502.7M
Common Stock 598.79M 598.98M 598.98M 649.08M
Other Current Assets 374k 432k
Retained Earnings -414.44M -409.37M -389.95M -400.59M
Treasury Stock
Cash 37.81M 32.6M 60.06M 97.93M
Total Current Liabilities 40.06M 35.05M 33.92M 34.31M
Other Stockholder Equity
Property, Plant, and Equipment 364.64M 372.76M 374.68M 358.85M
Total Current Assets 54.1M 48.68M 81.72M 110.14M
Net Tangible Assets 177.75M 183.56M 204.42M 239.79M
Net Receivables 15.23M 15.3M 20.72M 10.84M
Accounts Payable 2.27M 1.43M 6.06M 8.15M


Insider Transactions

Here are the insider transactions of stock shares related to POLARIS INFRASTRUCTURE INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Jelic (Anthony Nenard)Acquisition or disposition in the public market at price 15.80 per share.D2022-05-31Senior Officer of Issuer250
Jelic (Anthony Nenard)Acquisition or disposition in the public market at price 15.66 per share.D2022-05-25Senior Officer of Issuer250
Murnaghan (Marc J.)Acquisition or disposition in the public market at price 15.44 per share.D2022-05-24Director of Issuer2.5k
Jelic (Anthony Nenard)Acquisition or disposition in the public market at price 13.26 per share.D2021-12-10Senior Officer of Issuer10
Jelic (Anthony Nenard)Acquisition or disposition in the public market at price 13.29 per share.D2021-12-10Senior Officer of Issuer10
Murnaghan (Marc J.)Acquisition or disposition in the public market at price 14.84 per share.D2021-11-15Director of Issuer79.71k
Murnaghan (Marc J.)Exercise of options at price 11.67 per share.D2021-11-15Director of Issuer88.22k
Guillen (Jaime)Exercise of options at price 11.64 per share.D2021-11-12Director of Issuer9.06k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to POLARIS INFRASTRUCTURE INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on POLARIS INFRASTRUCTURE INC

Here is the result of two systematic investment strategies applied to POLARIS INFRASTRUCTURE INC. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on POLARIS INFRASTRUCTURE INC

The following chart shows the equity curve of the two systematic investment strategies applied to POLARIS INFRASTRUCTURE INC:

POLARIS INFRASTRUCTURE INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 42.73% on the backtest period.

Performance at glance

Performance

42.73 %

Latent gain

643.06 C$

Invested capital

1505.06 C$

Annualized return

10.32 %
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Momentum strategy results on POLARIS INFRASTRUCTURE INC

This is the result of two momentum investment strategies applied to POLARIS INFRASTRUCTURE INC. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on POLARIS INFRASTRUCTURE INC

The following chart shows all the entries opened by the momentum investment system on POLARIS INFRASTRUCTURE INC:

POLARIS INFRASTRUCTURE INC momentum entries
  • The first momentum investment strategy would give 53.83% of return on POLARIS INFRASTRUCTURE INC. That represents 2282.84C$ of latent gain with 4241.08C$ of employed capital.
  • The second momentum investment strategy would give 40.37% of return on POLARIS INFRASTRUCTURE INC. That represents 1201.19C$ of latent gain with 2975.71C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

53.83 %

Latent gain

2282.84 C$

Invested capital

4241.08 C$

Annualized return

12.4 %
Performance at glance (2Q Momentum)

Performance

40.37 %

Latent gain

1201.19 C$

Invested capital

2975.71 C$

Annualized return

11.03 %

Momentum equity curve on POLARIS INFRASTRUCTURE INC

The following chart shows the equity curve of the two momentum strategies applied to POLARIS INFRASTRUCTURE INC:

POLARIS INFRASTRUCTURE INC momentum equity

Note: the dividends potentially given by POLARIS INFRASTRUCTURE INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on POLARIS INFRASTRUCTURE INC

The following chart shows the employed capital evolution of the two momentum strategies on POLARIS INFRASTRUCTURE INC since the beginning:

POLARIS INFRASTRUCTURE INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on POLARIS INFRASTRUCTURE INC

Buy the dip entry openings on POLARIS INFRASTRUCTURE INC

POLARIS INFRASTRUCTURE INC

The performance achieved by the robo-advisor on POLARIS INFRASTRUCTURE INC is 26.53%. That represents 200.18$ of latent gain with 754.54C$ of employed capital. The following chart shows POLARIS INFRASTRUCTURE INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of POLARIS INFRASTRUCTURE INC, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

26.53 %

Latent gain

200.18 C$

Invested capital

754.54 C$

Annualized return

12.4 %

Equity curve of the strategy applied to POLARIS INFRASTRUCTURE INC

The following chart shows the result of the investment strategy applied to POLARIS INFRASTRUCTURE INC:

POLARIS INFRASTRUCTURE INC

Note: the dividends potentially given by POLARIS INFRASTRUCTURE INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on POLARIS INFRASTRUCTURE INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on POLARIS INFRASTRUCTURE INC:

POLARIS INFRASTRUCTURE INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on POLARIS INFRASTRUCTURE INC

In this section, I will compare the three previous investment strategies applied to POLARIS INFRASTRUCTURE INC.

Equity curve comparison on POLARIS INFRASTRUCTURE INC

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

POLARIS INFRASTRUCTURE INC investment strategy comparison

Employed capital comparison on POLARIS INFRASTRUCTURE INC

POLARIS INFRASTRUCTURE INC investment comparison

Performance comparison on POLARIS INFRASTRUCTURE INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 42.73% 643.06C$ 1505.06C$ 10.32%
Momentum 1 quarter 53.83% 2282.84C$ 4241.08C$ 13.8%
Momentum 2 quarters 40.37% 1201.19C$ 2975.71C$ 11.03%
Non-directional 26.53% 200.18C$ 754.54C$ 12.4%
Annualized return comparison

Automatic investment

10.32 %

Momentum 1Q

11.03 %

Momentum 2Q

11.03 %

Non-directional

12.4 %

Correlated stocks

Here are the most positively and negatively correlated stocks with POLARIS INFRASTRUCTURE INC:

Note: The algorithm computes the probability of correlation between POLARIS INFRASTRUCTURE INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of POLARIS INFRASTRUCTURE INC does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name POLARIS INFRASTRUCTURE INC
Country Canada
City Toronto
Address 7 St. Thomas Street
Phone
Website www.polarisinfrastructure.com
FullTime employees 151
Industry Utilities—Renewable
Sector Utilities
Exchange XTSE
Ticker PIF.XTSE
Market

POLARIS INFRASTRUCTURE INC ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown