Capstone Infrastructure Corp

Capstone Infrastructure Corp maintains a highly leveraged capital structure, with long-term debt of 1,199,758,000 CAD against total equity of 247,048,000 CAD, resulting in a debt-to-equity ratio of 4.86. The company holds 47,226,000 CAD in cash and equivalents, which is insufficient to cover its total liabilities of 1,455,401,000 CAD, leading to a current ratio of 0.87. This liquidity profile is flagged as medium risk, with key indicators showing negative net cash after subtracting total debt.

Profitability metrics indicate operational challenges, with a net income of -15,109,000 CAD on revenue of 262,746,000 CAD. The return on equity stands at -0.0612, and return on assets is -0.0089. While the company generates a gross profit of 234,680,000 CAD and operating income of 38,926,000 CAD, the bottom line is impacted by financing costs and other expenses, resulting in a negative net income position.

Revenue concentration and segment details are not explicitly broken down in the available data, but the company's activity is centered in the Integrated Oil & Gas industry. The primary operational asset highlighted is the Cardinal power station in Canada, which has a capacity of 156 MW and is currently operating. This asset underscores the company's focus on power generation within the oil and gas subtype.

Growth trajectory analysis is limited by the absence of historical period data in the input. However, recent analyst estimates suggest a revenue figure of 344,983,000 CAD, which contrasts with the financial snapshot revenue of 262,746,000 CAD, indicating potential variability in reporting periods or estimates. The last actual EPS reported was -0.04 CAD.

Risk factors include medium liquidity risk and low dilution risk. The company's high debt load and negative net cash position present significant financial risks. Additionally, the negative free cash flow of -47,142,000 CAD, driven by capital expenditures of 123,160,000 CAD against operating cash flow of 101,557,000 CAD, highlights the capital-intensive nature of its operations.

Recent events include the addition of the Cardinal power station to the company's asset portfolio, with the station now operating in Canada. This development is notable for its 156 MW capacity and oil/gas subtype classification. Competitor context includes relationships with major integrated oil and gas companies such as Chevron, Shell, and BP, though specific comparative metrics are not provided.

Revenue grew 19.8% year-over-year to CAD 262.7 million in fiscal year 2016.

Free cash flow improved by 28.7% year-over-year, reaching a loss of CAD 47.1 million.

Dilution risk is assessed as low, suggesting limited immediate pressure on existing shareholder equity.

Operating income increased 9.6% year-over-year to CAD 38.9 million in the latest fiscal year.

Debt-to-equity ratio of 4.86 places the company in the bottom quartile of its peer cohort.

Credit risk is flagged as high, indicating significant potential for default or financial distress.

Liquidity risk is assessed as medium, highlighting potential challenges in meeting short-term obligations.

Revenue C$71.1M, +11,8% YoY; Operating income +203,8% YoY.

• ▍Revenue C$71.1M, +11,8% YoY
• ▍Operating income +203,8% YoY
• ▍Net income +65,9% YoY
• ▍Free cash flow +140,4% YoY
• ▍Net margin -9.0%

Revenue C$79.2M, +29,3% YoY; Operating income +1 356,0% YoY.

• ▍Revenue C$79.2M, +29,3% YoY
• ▍Operating income +1 356,0% YoY
• ▍Net income +272,6% YoY
• ▍Free cash flow +155,2% YoY
• ▍Net margin 29.6%

Revenue C$59.4M, +29,7% YoY; Operating income +87,8% YoY.

• ▍Revenue C$59.4M, +29,7% YoY
• ▍Operating income +87,8% YoY
• ▍Net income +52,4% YoY
• ▍Free cash flow +22,1% YoY
• ▍Net margin -21.5%

Revenue C$60.5M, +12,0% YoY; Operating income −55,3% YoY.

• ▍Revenue C$60.5M, +12,0% YoY
• ▍Operating income −55,3% YoY
• ▍Net income −675,5% YoY
• ▍Free cash flow −813,5% YoY
• ▍Net margin -11.6%

Revenue C$63.6M; Operating income -C$10.2M.

• ▍Revenue C$63.6M
• ▍Operating income -C$10.2M
• ▍Net margin -29.5%

Revenue C$61.2M; Operating income -C$3.7M.

• ▍Revenue C$61.2M
• ▍Operating income -C$3.7M
• ▍Net margin -22.2%

Revenue C$45.8M; Operating income -C$26.4M.

• ▍Revenue C$45.8M
• ▍Operating income -C$26.4M
• ▍Net margin -58.7%

Revenue C$54.0M; Operating income C$11.9M.

• ▍Revenue C$54.0M
• ▍Operating income C$11.9M
• ▍Net margin -1.7%

Revenue C$262.7M, +19,8% YoY; Operating income +9,6% YoY.

• ▍Revenue C$262.7M, +19,8% YoY
• ▍Operating income +9,6% YoY
• ▍Net income −208,6% YoY
• ▍Free cash flow +28,7% YoY
• ▍Net margin -5.8%

Revenue C$219.3M, −8,3% YoY; Operating income +186,5% YoY.

• ▍Revenue C$219.3M, −8,3% YoY
• ▍Operating income +186,5% YoY
• ▍Net income +83,5% YoY
• ▍Free cash flow +74,8% YoY
• ▍Net margin -2.2%

Revenue C$239.0M, −6,3% YoY; Operating income −86,2% YoY.

• ▍Revenue C$239.0M, −6,3% YoY
• ▍Operating income −86,2% YoY
• ▍Net income −218,5% YoY
• ▍Free cash flow −123,8% YoY
• ▍Net margin -12.4%

Revenue C$255.0M, +14,6% YoY; Operating income +43,1% YoY.

• ▍Revenue C$255.0M, +14,6% YoY
• ▍Operating income +43,1% YoY
• ▍Net income +175,6% YoY
• ▍Free cash flow +5,0% YoY
• ▍Net margin 9.8%