Last €17.02 EUR
Change Today +0.11 / 0.65%
Volume 0.0
2CP On Other Exchanges
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Exchange
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As of 1:54 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

capital power corp (2CP) Snapshot

Open
€16.88
Previous Close
€16.92
Day High
€17.05
Day Low
€16.46
52 Week High
04/4/14 - €17.09
52 Week Low
12/13/13 - €13.71
Market Cap
1.4B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
81.3M
EX-Date
03/27/14
P/E TM
--
Dividend
€1.26
Dividend Yield
5.16%
Current Stock Chart for CAPITAL POWER CORP (2CP)

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capital power corp (2CP) Details

Capital Power Corporation, an independent power producer, acquires, develops, and operates power generation facilities in Canada and the United States. It generates electricity from natural gas, coal, wind, solar, and landfill gas. As of April 8, 2014, the company owned approximately 2,600 megawatts of power generation capacity at 14 facilities; 371 megawatts of capacity through a power purchase agreement; and 490 megawatts of owned generation capacity under construction. Capital Power Corporation was founded in 1891 and is headquartered in Edmonton, Canada.

700 Employees
Last Reported Date: 02/28/14
Founded in 1891

capital power corp (2CP) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$725.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$382.3K
Senior Vice President of Operations, Engineer...
Total Annual Compensation: C$317.3K
Senior Vice President of Legal & External Rel...
Total Annual Compensation: C$316.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: C$301.9K
Compensation as of Fiscal Year 2013.

capital power corp (2CP) Key Developments

Samsung, Pattern and Capital Power Complete $850 Million Financing and Begin Construction of K2 Wind Power Project

Workers are beginning to build the K2 Wind Power Project (K2 Wind), which broke ground following the successful completion of an $850 million financing, which was secured with 15 financial institutions in the form of a construction loan that will convert to long-term operational debt. Located in Goderich, the 270 megawatt (MW) wind power project is hiring local workers and using Ontario-made products, including 140 wind turbine towers made in Windsor and blades manufactured in Tillsonburg. Long-time local resident Randy Maize is now part of the K2 Wind construction team, working as the Drainage Tile Superintendent for AMEC Black & McDonald. As the project gears up, workers have already rented more than two dozen apartments and homes in Goderich, and employees are helping to boost the local economy as they shop in the area. In total, more than 1,000 workers from across southwestern Ontario will be involved in the manufacturing and assembly of the wind turbines, as well as site construction and operations.

Capital Power Corporation Provides Dividend Guidance for The Series 5 Shares, Payable on the Last Business Day of March, June, September and December Each Year

Capital Power Corporation announced The Series 5 Shares will pay fixed cumulative preferential dividends of $1.125 per share per annum, yielding 4.50% per annum, payable on the last business day of March, June, September and December each year, as and when declared by the Board of Directors of Capital Power Corporation. These dividends are applicable for the initial period ending June 30, 2018. The Series 5 Shares are subject to specified redemption, conversion and reset rights.

Capital Power Corporation Reports Unaudited Consolidated Earnings and Operation Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year 2014

Capital Power Corporation reported unaudited consolidated earnings and operation results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's funds from operations were $109 million, an increase of 31% from $83 million in the fourth quarter of 2012. Cash flow per share for the quarter was $1.11 compared with $0.84 for the same quarter in the previous year. Normalized earnings attributable to common shareholders in the fourth quarter of 2013 were $28 million, or $0.35 per share, compared with $16 million, or $0.23 per share, in the comparable period of 2012. Net income attributable to shareholders in the fourth quarter of 2013 was $77 million and basic earnings per share were $0.89 compared with net income attributable to shareholders of $15 million and basic earnings per share of $0.19 in the comparable period of 2012. Revenues were $327 million against $288 million a year ago. Adjusted EBITDA was $119 million against $73 million a year ago. Net income was $98 million against $19 million a year ago. Purchase of property, plant and equipment and other assets was $59 million against $165 million a year ago. For the year, the company's funds from operations totaled $419 million compared with $381 million for the year ended December 31, 2012. Cash flow per share for 2013 was $4.24 compared with $3.89 for 2012. Normalized earnings attributable to common shareholders were $123 million or $1.69 per share compared with $86 million or $1.29 per share for 2012. Net income attributable to shareholders in 2013 was $175 million and basic earnings per share were $2.13 compared with net income attributable to shareholders of $62 million and basic earnings per share of $0.84 in 2012. Revenues were $1,393 million against $1,296 million a year ago. Adjusted EBITDA was $509 million against $441 million a year ago. Net income was $228 million against $90 million a year ago. Purchase of property, plant and equipment and other assets was $943 million against $598 million a year ago. sustaining CapEx was $79 million, compared to its target $105 million or less. In part, the lower figure reflected the transfer of certain sustaining CapEx for the North East U.S. assets to Emera that were incurred near the time of the sale. For the quarter, the company's electricity generation (excluding acquired Sundance PPA) was 3,925 GWh against 4,159 GWh a year ago. Generation plant availability (excluding acquired Sundance PPA) was 93% against 89% a year ago. For the year, the company's electricity generation (excluding acquired Sundance PPA) was 16,130 GWh against 16,455 GWh a year ago. Generation plant availability (excluding acquired Sundance PPA) was 93% against 91% a year ago. For the year 2014, the company are on track to achieve funds from operations target. guidance range for 2014 funds from operations is $360 million to $400 million. For 2014, operational targets include plant availability average of 95% or greater, $85 million for sustaining CapEx.

 

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2CP

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Valuation 2CP Industry Range
Price/Earnings 15.8x
Price/Sales 1.4x
Price/Book 1.0x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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