Switch to:
Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.07
TAC's Cash-to-Debt is ranked lower than
75% of the 153 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.22 vs. TAC: 0.07 )
Ranked among companies with meaningful Cash-to-Debt only.
TAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.04 Max: N/A
Current: 0.07
Equity-to-Asset 0.32
TAC's Equity-to-Asset is ranked lower than
57% of the 152 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.34 vs. TAC: 0.32 )
Ranked among companies with meaningful Equity-to-Asset only.
TAC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.26  Med: 0.32 Max: 0.34
Current: 0.32
0.26
0.34
Interest Coverage 2.13
TAC's Interest Coverage is ranked lower than
63% of the 126 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 3.21 vs. TAC: 2.13 )
Ranked among companies with meaningful Interest Coverage only.
TAC' s Interest Coverage Range Over the Past 10 Years
Min: 0.64  Med: 2.63 Max: 3.42
Current: 2.13
0.64
3.42
Piotroski F-Score: 6
Altman Z-Score: 0.48
WACC vs ROIC
6.11%
2.14%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 19.94
TAC's Operating Margin % is ranked higher than
59% of the 153 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.01 vs. TAC: 19.94 )
Ranked among companies with meaningful Operating Margin % only.
TAC' s Operating Margin % Range Over the Past 10 Years
Min: -9.68  Med: 17 Max: 24.64
Current: 19.94
-9.68
24.64
Net Margin % 7.05
TAC's Net Margin % is ranked higher than
50% of the 153 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 7.19 vs. TAC: 7.05 )
Ranked among companies with meaningful Net Margin % only.
TAC' s Net Margin % Range Over the Past 10 Years
Min: -26.43  Med: 7 Max: 11.65
Current: 7.05
-26.43
11.65
ROE % 3.42
TAC's ROE % is ranked lower than
60% of the 150 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 5.96 vs. TAC: 3.42 )
Ranked among companies with meaningful ROE % only.
TAC' s ROE % Range Over the Past 10 Years
Min: -19.55  Med: 5.61 Max: 13.07
Current: 3.42
-19.55
13.07
ROA % 1.57
TAC's ROA % is ranked lower than
51% of the 155 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.87 vs. TAC: 1.57 )
Ranked among companies with meaningful ROA % only.
TAC' s ROA % Range Over the Past 10 Years
Min: -6.06  Med: 1.97 Max: 4.22
Current: 1.57
-6.06
4.22
ROC (Joel Greenblatt) % 7.41
TAC's ROC (Joel Greenblatt) % is ranked higher than
51% of the 154 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 7.21 vs. TAC: 7.41 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TAC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.99  Med: 6.51 Max: 10.66
Current: 7.41
-2.99
10.66
3-Year Revenue Growth Rate -1.40
TAC's 3-Year Revenue Growth Rate is ranked lower than
63% of the 116 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 4.00 vs. TAC: -1.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TAC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -12.6  Med: -1.4 Max: 27.4
Current: -1.4
-12.6
27.4
3-Year EBITDA Growth Rate 10.80
TAC's 3-Year EBITDA Growth Rate is ranked higher than
54% of the 101 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 9.40 vs. TAC: 10.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TAC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -0.9 Max: 36.9
Current: 10.8
0
36.9
GuruFocus has detected 3 Warning Signs with TransAlta Corp $TAC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» TAC's 10-Y Financials

Financials (Next Earnings Date: 2017-06-03 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

TAC Guru Trades in Q1 2016

Jim Simons 297,700 sh (-5.18%)
» More
Q2 2016

TAC Guru Trades in Q2 2016

Jim Simons 308,600 sh (+3.66%)
» More
Q3 2016

TAC Guru Trades in Q3 2016

Jim Simons 436,341 sh (+41.39%)
» More
Q4 2016

TAC Guru Trades in Q4 2016

Jim Simons 598,741 sh (+37.22%)
» More
» Details

Insider Trades

Latest Guru Trades with TAC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of TransAlta Corp

SymbolPriceYieldDescription
TA.PR.D.Canada13.565.01Cum First Pfd Shs Series -A-
TA.PR.H.Canada19.916.28Cum Red First Pfd Shs Series -E
TA.PR.F.Canada18.176.38Cum First Pfd Shs Series C
TA.PR.E.Canada13.493.49B
TA.PR.J.Canada20.996.30Cum Red Pfd Shs Series -G-

Business Description

Industry: Utilities - Independent Power Producers » Utilities - Independent Power Producers    NAICS: 221121    SIC: 4911
Compare:OTCPK:XTNY, OTCPK:LGSXY, NAS:TERP, NAS:PEGI, NYSE:NEP, OTCPK:INGXF, OTCPK:EGDCF, NAS:CAFD, NYSE:DYN, OTCPK:BRLXF, NAS:SCTY, NAS:GLBL, OTCPK:ERGZF, OTCPK:MCQPF, OTCPK:TRSWF, NYSE:AT, OTCPK:MGMXF, OTCPK:RAMPF, OTCPK:FSGCF, OTCPK:CWGYF » details
Traded in other countries:TA.Canada, TZ1.Germany,
Headquarter Location:Canada
TransAlta Corp is engaged in the production and sale of electric energy. The Company's business segments are Canadian Coal, U.S. Coal, Gas, Wind and Solar, and Hydro.

TransAlta is an independent power producer based in Alberta, Canada. The company owns more than 70 power plants in Canada, the Western United States, and Australia. TransAlta's net generating capacity is approximately 32% coal-fired and 18% natural gas-fired. The remaining 50% consists primarily of hydroelectric plants and wind energy farms. TransAlta also has an energy trading and marketing business, owns transmission lines, and owns a coal mine supplying three of its plants in Alberta.

Top Ranked Articles about TransAlta Corp

Media Advisory: TransAlta Second Quarter 2016 Results and Conference Call

CALGARY, ALBERTA--(Marketwired - Jun 30, 2016) - TransAlta Corporation (TSX:TA)(NYSE:TAC) will release its second quarter 2016 results before market open on Tuesday, August 9, 2016. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 12:30 p.m. Mountain (2:30 p.m. Eastern). The media will be invited to ask questions following analysts. Please contact the conference operator five minutes prior to the call, noting "TransAlta Corporation" as the company and "Jaeson Jaman" as moderator. Dial-in numbers: Toll-free North American participants call: 1-800-319-4610 Outside of Canada & USA call: 1-604-638-5340 A link to the live webcast will be available on the Investor Centre section of TransAlta's website at http://www.transalta.com/investors/events-and-presentations. If you are unable to participate in the call, the instant replay is accessible at 1-855-669-9658 (Canada and USA toll free) or 1-604-674-8052 (Outside of Canada) with TransAlta pass code 00636 followed by the # sign. A transcript of the broadcast will be posted on TransAlta's website once it becomes available. About TransAlta: TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta maintains a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. TransAlta's focus is to efficiently operate wind, hydro, solar, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. For over 100 years, TransAlta has been a responsible operator and a proud contributor to the communities in which it works and lives. TransAlta has been recognized on CDP's Canadian Climate Disclosure Leadership Index (CDLI), which includes Canada's top 20 leading companies reporting on climate change, and has been selected by Corporate Knights as one of Canada's Top 50 Best Corporate Citizens and is recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good. For more information about TransAlta, visit our web site at transalta.com, or follow us on Twitter @TransAlta.





Investor Inquiries:
Jaeson Jaman
Manager, Investor Relations
Phone: 1-800-387-3598 in Canada and U.S.
Email: [email protected]
Media Inquiries:
Stacey Hatcher
Manager, Communications
Toll-free media number: 1-855-255-9184
Email: [email protected]




Read more...
TransAlta Reports First Quarter 2016 Results

CALGARY, ALBERTA--(Marketwired - May 3, 2016) - TransAlta Corporation ("TransAlta" or the "Company") (TSX:TA) (NYSE:TAC) today reported first quarter 2016 comparable EBITDA(1) of $279 million and comparable FFO(1) of $196 million, in line with expectations and tracking to the guidance provided for 2016. Comparable EBITDA increased by $4 million compared to the same period in 2015 with all segments other than U.S. Coal delivering similar or improved results over last year. Power prices in Alberta were at historic low levels during the quarter and impacted our hydro and wind assets in the province. The impact of lower prices on our coal facilities was mostly mitigated by our high level of contracts and hedges. Cost reduction initiatives and contributions from renewables assets acquired last year also offset the impact of lower prices in Alberta. Comparable FFO for the quarter decreased by $15 million compared to the same period in 2015. Last year, comparable FFO was positively impacted by realized currency gains. "We delivered strong operational and financial performance in the first quarter this year despite persisting low prices in Alberta and the Pacific Northwest. We remain on track to achieve our guidance ranges for 2016 as previously disclosed," said Dawn Farrell, President and Chief Executive Officer. "We believe the operating and financial steps taken in 2015, along with our commitment to work with the provincial government to secure a mutually beneficial coal transition arrangement, provide a solid foundation and have positioned the Company for the future. We continue to focus on supporting a transition that works for all stakeholders while maintaining maximum financial flexibility and benefiting from growth in gas-fired and renewable generation as we transition to clean power." During the quarter, we repaid the balance on our credit facilities of approximately $315 million through a combination of cash flows from operations and cash proceeds received from TransAlta Renewables for its purchase of economic interests in certain Canadian assets completed in January. The strengthening of the Canadian dollar at the end of March also contributed to the reduction in debt balances from December. (1) These items are not defined under IFRS. Presenting these items from period to period provides management and investors with the ability to evaluate earnings trends more readily in comparison with prior periods' results. Refer to the Comparable FFO and Comparable FCF and Earnings and Other Measures on a Comparable Basis sections of this quarter's MD&A for further discussion of these items, including, where applicable, reconciliations to measures calculated in accordance with IFRS. First Quarter Highlights

Continued to advance the construction of the South Hedland power project. The bulk of the major equipment has arrived at site. We continue to expect the project to be delivered on schedule and on budget in mid-2017.
On Jan. 14, 2016, we revised our dividend to $0.16 per common share on an annualized basis from $0.72 previously, and suspended our dividend reinvestment plan. As a result, our annual dividend payments going forward will be approximately $46 million, down from $205 million, increasing our financial flexibility.
On March 16, 2016, the Alberta Government appointed Terry Boston, the former CEO of North America's largest power system, as Coal Phase-out Facilitator to lead discussions on coal transition as part of the Climate Leadership Plan. Discussions with the coal-fired generators, including TransAlta, are now in progress.
At March 31, 2016, we had a total of $2.1 billion of committed credit facilities, of which $1.5 billion was available, compared to $1.3 billion as at December 31, 2015. The $0.6 billion of credit utilized under these facilities was comprised entirely of letters of credit. We are in compliance with the terms of the credit facilities and all undrawn amounts are fully available. These facilities are comprised of a $1.5 billion committed syndicated bank facility expiring in 2019, and four bilateral credit facilities expiring in 2017. We anticipate renewing these facilities, based on reasonable commercial terms, prior to their maturities.
During the quarter, TransAlta's 12 million Series A Preferred Shares reached their first reset date. Approximately 10.2 million shares will now pay fixed dividends of nearly $0.68 per share annually until their next reset date in 2021 (down from $1.15 per share) and approximately 1.8 million shares were converted into Series B Preferred Shares, which currently pay dividends of approximately $0.62 per share (down from $1.15 per share) on an annualized basis, adjusted quarterly. The declaration of dividends remains subject to approval by the Board of Directors.




First Quarter 2016 Review by Segment


Comparable EBITDA
3 Months Ended



(in CAD$ millions)
March 31, 2016

March 31, 2015



Canadian Coal
103

95



U.S. Coal(1)
(4
)
22



Canadian Gas(1)
65

57



Australian Gas(1)
31

27



Wind and Solar
61

55



Hydro
18

14



Energy Marketing
23

23



Corporate
(18
)
(18
)


Total Comparable EBITDA
279

275






Canadian Coal: Comparable EBITDA in the first quarter was $103 million, $8 million higher than the same period last year as cost reductions and effective hedging strategies have offset lower prices on uncontracted generation. Availability was also higher than last year.
U.S. Coal: Comparable EBITDA was a $4 million loss for the quarter, down $26 million compared to the same period in 2015 due to lower realized prices and mark-to-market losses on financial contracts put in place to hedge our future generation. The first quarter of 2015 benefited from higher price hedges entered into in a higher price environment in 2014.
Canadian Gas: Comparable EBITDA increased by $8 million during the first quarter to $65 million compared to the same period in 2015. Last year's results included $4 million of unrealized mark-to-market losses on our gas, compared to a gain of $3 million this quarter.
Australian Gas: Comparable EBITDA increased by $4 million during the first quarter compared to the same period in 2015, due to additional revenues from the natural gas pipeline that was commissioned in late March 2015.
Wind and Solar: Comparable EBITDA increased $6 million during the quarter, compared to the same period in 2015, due to the contribution of projects with a combined capacity of 136 MW acquired during the second half of 2015. Higher generation from the portfolio caused by stronger wind resources compared to last year offset the impact of lower prices in Alberta.
Hydro: Comparable EBITDA increased by $4 million to $18 million, primarily due to an adjustment of prior year production volumes and cost reduction initiatives.
Energy Marketing: Comparable EBITDA remained consistent with 2015.
Corporate: Our Corporate overhead costs during the quarter have remained similar to 2015, as our cost reductions were offset by reduced allocations to our business segments.

(1) Beginning this quarter, we have chosen to disaggregate presentation of the Gas reportable segment into its two operating segments, Canadian Gas and Australian Gas. Previously included legacy costs of the non-operating U.S. Gas function have been re-allocated to U.S. Coal to align with management's internal monitoring practices. Comparative segmented results for 2015 have been restated to align with separate reporting of the two segments and the reallocation of the non-operating costs. Consolidated Financial Review Comparable EBITDA for the quarter totaled $279 million, up slightly from $275 million in the same period last year with all segments other than U.S. Coal delivering similar or improved levels over last year. Asset acquisitions in 2015 contributed positively to our results in the first quarter of 2016. Comparable FFO for the quarter decreased by $15 million to $196 million compared to the same period in 2015, mainly due to lower realized foreign exchange gains, and an increase in long-term receivables, partially offset by a reduction to provisions. Comparable free cash flow decreased by $24 million as a result of lower comparable FFO and increased non-controlling interest dividend payments associated with the additional shares issued and sold to non-controlling interests in TransAlta Renewables in 2015 and 2016. During the quarter, comparable net earnings attributable to common shareholders was $14 million ($0.05 net earnings per share), down from comparable net earnings of $26 million ($0.09 net earnings per share) in 2015. The decrease was primarily due to higher earnings attributable to non-controlling interests, resulting from higher outstanding shares of TransAlta Renewables owned by the public. Reported net earnings attributable to common shareholders(1) was $62 million ($0.22 net earnings per share) compared to a net loss of $40 million ($0.14 net loss per share) for the same period in 2015. Last year, net earnings were reduced by a $55 million income tax charge associated with the sale of an economic interest in our Australia business to TransAlta Renewables and a negative change in the fair value of de-designated and economic hedges at U.S. Coal. Reported earnings in 2016 includes the effects of non-comparable unrealized losses on intercompany financial instruments that are attributable only to the non-controlling interests. (1) 2015 restated to reflect prior period correction to tax. Refer to the Accounting Changes section of this quarter's MD&A. Operating Review Availability for the quarter, after adjusting for economic dispatching at U.S. Coal, was 92.3 per cent compared to 91.3 per cent in 2015, as a result of lower unplanned outages at Canadian Coal. Production for the three months ended March 31, 2016 decreased by 1,033 gigawatt hours compared to the same period in 2015, primarily due to the restructuring of the Poplar Creek contractual arrangement that was completed in late 2015 and low prices in Ontario and the Pacific Northwest. Total sustaining capital expenditures (including flood recovery capital) were $59 million for the quarter compared to $70 million last year. Planned major outages for 2016 include full major turnarounds of two Canadian Coal units that we operate, and two that our partners operate. During the first quarter, we replaced one planned full scope major turnaround with limited scope major turnaround work on two units that we operate. Our planned outages also include significant work at our hydro facilities, including a stator/generator replacement. One of our partners completed a major turnaround of one Canadian Coal unit that we do not operate in the first quarter of 2016, and in April we completed the planned outage of a second unit that we operate. The two limited scope turnaround projects were also completed in the first quarter. As a result, we now have only one more planned major outage at the Canadian Coal facilities that we operate for the rest of this year, and one at units that our partners operate. During the first quarter of 2016, we reduced our estimate of sustaining capital expenditures for the full year from our previous estimate by approximately $25 million, to reflect the reduced scope of a major turnaround, deferral of the Ghost river diversion project to a subsequent year, and other savings and deferrals. Recent Events Sundance and Sheerness PPA Terminations In March 2016, the buyers under the legislated Sundance and Sheerness PPAs announced their intention to transfer their respective obligations under the PPAs to the Balancing Pool as a result of a Change in Law. The Balancing Pool is presently investigating whether these transfers are permitted by the terms of the PPAs in the current circumstances and, if so, when the transfers would become effective. The outcome remains uncertain. If the Balancing Pool confirms the transfers, it will assume the role of the buyers and carry out the responsibilities of the buyers under the PPAs, including dispatching the generating units and making capacity and energy payments to TransAlta until the end of the PPA terms. Pursuant to the Electric Utilities Act (Alberta), the Balancing Pool can also choose to terminate the PPAs after following the requirements of legislation, which would include paying TransAlta an amount equal to the applicable closing net book value of the generating units. TransAlta does not presently expect the transfer of the PPAs to the Balancing Pool to have a material impact on our business. Credit Ratings Outlook As at March 31, 2016 we maintain investment grade ratings from three credit rating agencies. During the first quarter of 2016, credit rating agencies DBRS and Fitch affirmed our investment grade credit rating with negative outlooks. The negative outlook is a reflection of low energy prices and concerns over coal transition in Alberta. We remain focused on strengthening our financial position by de-leveraging our capital structure and securing a fair agreement with the Government of Alberta to assist them in their goal to transition the generation in the province to gas and renewables. South Hedland We continued to advance the construction of the South Hedland power project. Major equipment has been arriving on schedule and the bulk of the major equipment has arrived at site. We continue to expect the project to be delivered on schedule and on budget in mid-2017. When completed, the project is expected to contribute approximately $80 million of EBITDA annually. Total construction cost for the project is still AUD$570 million and will be funded by cash generated by the business. Conversion of Series A Preferred Shares to Series B Preferred Shares On March 17, 2016, 1,824,620 of our 12 million Series A Cumulative Redeemable Fixed Rate Reset Preferred Shares were tendered for conversion, on a one-for-one basis, into Series B Cumulative Redeemable Floating Rate Preferred Shares. For the next five years, the Series A Shares will pay a fixed cumulative preferential cash dividend of $0.67725 per share annually (down from $1.15 per share), subject to the Board's dividend declaration. The Series B Shares will pay quarterly floating rate cumulative preferential cash dividends set at the sum of the 90 day Government of Canada Treasury Bill rate plus 2.03 per cent. The annualized quarterly dividend rate for the Series B Shares for the 3-month floating rate period for the second quarter 2016 is $0.623 per share. First Quarter 2016 Financial and Operational Highlights


In $CAD millions, unless otherwise stated
3 Months Ended




March 31, 2016
March 31, 2015



Adjusted availability (%) (1)

92.3%

91.3%



Production (GWh) (1)

8,867

9,900



Revenue
$
568
$
593



Comparable EBITDA
$
279
$
275



Net earnings (loss) attributable to common shareholders(2)
$
62
$
(40
)


Comparable net earnings attributable to common shareholders
$
14
$
26



Comparable Funds from Operations
$
196
$
211



Cash Flow from Operating Activities
$
275
$
153



Comparable Free Cash Flow
$
86
$
110











Net earnings (loss) per common share attributable to common shareholders(2)
$
0.22
$
(0.14
)


Comparable net earnings per share
$
0.05
$
0.09



Comparable Funds from Operations per share
$
0.68
$
0.76



Comparable Free Cash Flow per share
$
0.30
$
0.40



Dividends declared per common share
$
0.04
$
0.18











(1)
Adjusted for economic dispatching at U.S. Coal.


(2)
2015 restated to reflect prior period correction to tax. Refer to the Accounting Changes section of this quarter's MD&A.



The complete report for the quarter, including MD&A and unaudited interim financial statements, as well as our quarterly presentation, will be available on the Investors section of our website: www.transalta.com. Conference call We will hold a conference call and webcast at 9:00 a.m. MT (11:00 a.m. ET) today to discuss our first quarter 2016 results. The call will begin with a short address by Dawn Farrell, President and CEO, and Donald Tremblay, Chief Financial Officer, followed by a question and answer period for investment analysts, investors and other interested parties. A question and answer period for the media will immediately follow. Please contact the conference operator five minutes prior to the call, noting "TransAlta Corporation" as the company and "Jaeson Jaman" as moderator.


Dial-in numbers:


Toll-free North American participants call: 1-800-319-4610


Outside of Canada & USA call: 1-604-638-5340



A link to the live webcast will be available on the Investor Centre section of TransAlta's website at http://www.transalta.com/powering-investors/events-and-presentations. If you are unable to participate in the call, the instant replay is accessible at 1-855-669-9658 (Canada and USA toll free) or 1-604-674-8052 (Outside of Canada) with TransAlta pass code 00391 followed by the # sign. A transcript of the broadcast will be posted on TransAlta's website once it becomes available. About TransAlta TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta maintains a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. TransAlta's focus is to efficiently operate wind, hydro, solar, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. For over 100 years, TransAlta has been a responsible operator and a proud contributor to the communities in which it works and lives. TransAlta has been selected by Sustainalytics as one of Canada's Top 50 Socially Responsible Companies since 2009; and is recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good. For more information about TransAlta, visit our web site at www.transalta.com or follow us on Twitter @TransAlta. Cautionary Statement Regarding Forward Looking Information This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly, and without limitation, this news release contains forward-looking statements and information relating to: TransAlta's business and anticipated future financial performance; our expected strategies and opportunities; expected comparable EBITDA, comparable FFO and comparable free cash flow ranges for 2016; our annual dividend amount; expected governmental regulatory regimes and legislation (including the Government of Alberta's Climate Leadership Plan) and the timing of the implementation of such regimes and regulations; our ability to achieve a beneficial outcome in connection with the coal-fired generation transition being pursued pursuant to the Alberta Climate Leadership Plan; the impact of the transfer of the Alberta PPAs to the Balancing Pool; our plans and strategies relating to repositioning our capital structure and strengthening our balance sheet, including as it relates to our ability to renew our credit facilities; and the construction and commissioning of the South Hedland power project and its expected timing, costs and benefits. By their nature, forward-looking information requires us to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking information will not prove to be accurate and readers are cautioned not to place undue reliance on our forward-looking information as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking information. Some of the factors that could cause such differences include: operational risks involving our facilities; changes in market prices where we operate; equipment failure and our ability to carry out repairs in a cost effective and timely manner, including unplanned outages at generating facilities and associated capital investments; the effects of weather; disruptions in the source of fuels, water or wind required to operate our facilities; energy trading risks; failure to obtain necessary regulatory approvals in a timely fashion; legislative or regulatory developments and their impacts, including the outcome of the coal-fired generation transition under the Government of Alberta's Climate Leadership Plan; increasingly stringent environmental requirements and their impacts; increased competition; global capital markets activity (including our ability to access financing at a reasonable cost); changes in prevailing interest rates; currency exchange rates; inflation levels and commodity prices; general economic conditions in the geographic areas where we operate; deterioration of credit markets; and impediments to the construction of South Hedland. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect TransAlta's expectations only as of the date of this news release. TransAlta disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.





TransAlta Corporation - Investor Inquiries:
Jaeson Jaman
Manager, Investor Relations
1-800-387-3598 in Canada and U.S.
[email protected]
TransAlta Corporation - Media Inquiries:
Stacey Hatcher
Manager, Communications
Toll-free media number: 1-855-255-9184
[email protected]
www.transalta.com




Read more...

Ratios

vs
industry
vs
history
PE Ratio 16.55
TAC's PE Ratio is ranked lower than
57% of the 103 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.12 vs. TAC: 16.55 )
Ranked among companies with meaningful PE Ratio only.
TAC' s PE Ratio Range Over the Past 10 Years
Min: 7.5  Med: 21.18 Max: 2658.33
Current: 16.55
7.5
2658.33
Forward PE Ratio 63.29
TAC's Forward PE Ratio is ranked lower than
100% of the 59 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 24.39 vs. TAC: 63.29 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 16.55
TAC's PE Ratio without NRI is ranked lower than
57% of the 103 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.00 vs. TAC: 16.55 )
Ranked among companies with meaningful PE Ratio without NRI only.
TAC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 7.5  Med: 21.18 Max: 3190
Current: 16.55
7.5
3190
Price-to-Owner-Earnings 5.55
TAC's Price-to-Owner-Earnings is ranked higher than
87% of the 47 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 14.64 vs. TAC: 5.55 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
TAC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4.36  Med: 25.08 Max: 1862.73
Current: 5.55
4.36
1862.73
PB Ratio 0.78
TAC's PB Ratio is ranked higher than
77% of the 150 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.42 vs. TAC: 0.78 )
Ranked among companies with meaningful PB Ratio only.
TAC' s PB Ratio Range Over the Past 10 Years
Min: 0.44  Med: 1.67 Max: 4.13
Current: 0.78
0.44
4.13
PS Ratio 0.84
TAC's PS Ratio is ranked higher than
76% of the 144 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 2.20 vs. TAC: 0.84 )
Ranked among companies with meaningful PS Ratio only.
TAC' s PS Ratio Range Over the Past 10 Years
Min: 0.46  Med: 1.58 Max: 2.59
Current: 0.84
0.46
2.59
Price-to-Free-Cash-Flow 5.49
TAC's Price-to-Free-Cash-Flow is ranked higher than
73% of the 64 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 9.55 vs. TAC: 5.49 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
TAC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 4.21  Med: 19.58 Max: 5490
Current: 5.49
4.21
5490
Price-to-Operating-Cash-Flow 2.69
TAC's Price-to-Operating-Cash-Flow is ranked higher than
84% of the 88 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 6.61 vs. TAC: 2.69 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
TAC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.06  Med: 5.62 Max: 10.99
Current: 2.69
2.06
10.99
EV-to-EBIT 15.65
TAC's EV-to-EBIT is ranked higher than
51% of the 191 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 15.65 vs. TAC: 15.65 )
Ranked among companies with meaningful EV-to-EBIT only.
TAC' s EV-to-EBIT Range Over the Past 10 Years
Min: -42  Med: 19.5 Max: 58.8
Current: 15.65
-42
58.8
EV-to-EBITDA 7.00
TAC's EV-to-EBITDA is ranked higher than
75% of the 196 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 11.17 vs. TAC: 7.00 )
Ranked among companies with meaningful EV-to-EBITDA only.
TAC' s EV-to-EBITDA Range Over the Past 10 Years
Min: 4  Med: 9.4 Max: 41.6
Current: 7
4
41.6
PEG Ratio 3.00
TAC's PEG Ratio is ranked lower than
79% of the 48 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.19 vs. TAC: 3.00 )
Ranked among companies with meaningful PEG Ratio only.
TAC' s PEG Ratio Range Over the Past 10 Years
Min: 0.64  Med: 1.39 Max: 5.48
Current: 3
0.64
5.48
Shiller PE Ratio 14.83
TAC's Shiller PE Ratio is ranked higher than
58% of the 26 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 19.93 vs. TAC: 14.83 )
Ranked among companies with meaningful Shiller PE Ratio only.
TAC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.55  Med: 20.84 Max: 34.93
Current: 14.83
8.55
34.93
Current Ratio 1.28
TAC's Current Ratio is ranked higher than
51% of the 142 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.27 vs. TAC: 1.28 )
Ranked among companies with meaningful Current Ratio only.
TAC' s Current Ratio Range Over the Past 10 Years
Min: 0.54  Med: 0.76 Max: 1.36
Current: 1.28
0.54
1.36
Quick Ratio 1.10
TAC's Quick Ratio is ranked lower than
52% of the 142 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.11 vs. TAC: 1.10 )
Ranked among companies with meaningful Quick Ratio only.
TAC' s Quick Ratio Range Over the Past 10 Years
Min: 0.49  Med: 0.73 Max: 1.11
Current: 1.1
0.49
1.11
Days Inventory 83.54
TAC's Days Inventory is ranked lower than
85% of the 112 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 29.60 vs. TAC: 83.54 )
Ranked among companies with meaningful Days Inventory only.
TAC' s Days Inventory Range Over the Past 10 Years
Min: 9.88  Med: 31.15 Max: 83.54
Current: 83.54
9.88
83.54
Days Sales Outstanding 84.97
TAC's Days Sales Outstanding is ranked lower than
73% of the 123 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 51.15 vs. TAC: 84.97 )
Ranked among companies with meaningful Days Sales Outstanding only.
TAC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.47  Med: 70.79 Max: 98.6
Current: 84.97
55.47
98.6

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 2.35
TAC's Dividend Yield % is ranked lower than
73% of the 219 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 3.64 vs. TAC: 2.35 )
Ranked among companies with meaningful Dividend Yield % only.
TAC' s Dividend Yield % Range Over the Past 10 Years
Min: 2.01  Med: 5.58 Max: 19.15
Current: 2.35
2.01
19.15
Dividend Payout Ratio 0.39
TAC's Dividend Payout Ratio is ranked higher than
63% of the 93 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.51 vs. TAC: 0.39 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TAC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39  Med: 0.92 Max: 1.39
Current: 0.39
0.39
1.39
3-Year Dividend Growth Rate -48.30
TAC's 3-Year Dividend Growth Rate is ranked lower than
88% of the 58 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 7.70 vs. TAC: -48.30 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TAC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -48.3  Med: 0 Max: 5.1
Current: -48.3
-48.3
5.1
Forward Dividend Yield % 2.32
TAC's Forward Dividend Yield % is ranked lower than
69% of the 216 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 3.72 vs. TAC: 2.32 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.43
TAC's 5-Year Yield-on-Cost % is ranked lower than
99.99% of the 230 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 4.75 vs. TAC: 0.43 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TAC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.37  Med: 1.03 Max: 3.53
Current: 0.43
0.37
3.53
3-Year Average Share Buyback Ratio -2.40
TAC's 3-Year Average Share Buyback Ratio is ranked higher than
67% of the 75 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: -4.60 vs. TAC: -2.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TAC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -7.1  Med: -2.8 Max: 0.3
Current: -2.4
-7.1
0.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.48
TAC's Price-to-Tangible-Book is ranked higher than
54% of the 138 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.75 vs. TAC: 1.48 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TAC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.14  Med: 2.23 Max: 3.42
Current: 1.48
1.14
3.42
Price-to-Intrinsic-Value-Projected-FCF 0.50
TAC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
87% of the 38 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.18 vs. TAC: 0.50 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TAC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.42  Med: 1.41 Max: 22.89
Current: 0.5
0.42
22.89
Price-to-Median-PS-Value 0.53
TAC's Price-to-Median-PS-Value is ranked higher than
83% of the 116 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.97 vs. TAC: 0.53 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TAC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.38  Med: 1.1 Max: 2.09
Current: 0.53
0.38
2.09
Price-to-Peter-Lynch-Fair-Value 1.24
TAC's Price-to-Peter-Lynch-Fair-Value is ranked lower than
87% of the 23 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 0.57 vs. TAC: 1.24 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
TAC' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.6  Med: 1.35 Max: 4.44
Current: 1.24
0.6
4.44
Price-to-Graham-Number 1.04
TAC's Price-to-Graham-Number is ranked lower than
56% of the 82 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 1.12 vs. TAC: 1.04 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TAC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.04  Med: 1.41 Max: 3.81
Current: 1.04
1.04
3.81
Earnings Yield (Greenblatt) % 6.38
TAC's Earnings Yield (Greenblatt) % is ranked higher than
56% of the 215 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 5.62 vs. TAC: 6.38 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TAC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.7  Med: 4.9 Max: 7.8
Current: 6.38
1.7
7.8
Forward Rate of Return (Yacktman) % 18.52
TAC's Forward Rate of Return (Yacktman) % is ranked higher than
72% of the 64 Companies
in the Global Utilities - Independent Power Producers industry.

( Industry Median: 6.96 vs. TAC: 18.52 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
TAC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -20.7  Med: 1.8 Max: 18.6
Current: 18.52
-20.7
18.6

More Statistics

Revenue (TTM) (Mil) $1,822
EPS (TTM) $ 0.32
Beta1.00
Short Percentage of Float0.46%
52-Week Range $3.75 - 6.25
Shares Outstanding (Mil)190.70

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,797 1,882 1,821
EPS ($) 0.10 0.12 0.19
EPS without NRI ($) 0.10 0.12 0.19
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for TAC

Headlines

Articles On GuruFocus.com
TransAlta Corporation Announces Results of the Annual Meeting of Shareholders and Election of all Di Apr 20 2017 
TransAlta Board Approves Plan for Accelerating Transition to Clean Power in Alberta Apr 19 2017 
TransAlta Declares Dividends Apr 19 2017 
Media Advisory: TransAlta Corporation Annual Meeting of Shareholders, First Quarter 2017 Results and Apr 07 2017 
TransAlta Declares Dividends Oct 17 2016 
Media Advisory: TransAlta Third Quarter 2016 Results and Conference Call Sep 30 2016 
Media Advisory: TransAlta Second Quarter 2016 Results and Conference Call Jun 30 2016 
TransAlta Reports First Quarter 2016 Results May 03 2016 
Media Advisory: TransAlta Corporation Announces Revised Dial-In Number for 2016 Annual and Special M Apr 22 2016 
TransAlta shareholders approve all resolutions at the Annual and Special Meeting of Shareholders Apr 22 2016 

More From Other Websites
TransAlta Corporation Announces Results of the Annual Meeting of Shareholders and Election of all... Apr 20 2017
TransAlta Board Approves Plan for Accelerating Transition to Clean Power in Alberta Apr 19 2017
TransAlta Declares Dividends Apr 19 2017
TransAlta Corp. – Value Analysis (NYSE:TAC) : April 19, 2017 Apr 19 2017
CenterPoint Hits 52-Week High Backed by Customer Addition Apr 18 2017
TransAlta Corp. breached its 50 day moving average in a Bearish Manner : TAC-US : April 18, 2017 Apr 18 2017
Southern Company (SO) Announces Dividend Hike, Shares Up Apr 18 2017
NiSource (NI) Unit Files for Rate Hike to Recoup Investment Apr 17 2017
Media Advisory: TransAlta Corporation Annual Meeting of Shareholders, First Quarter 2017 Results and... Apr 07 2017
TransAlta Corp. breached its 50 day moving average in a Bullish Manner : TAC-US : April 7, 2017 Apr 07 2017
TransAlta Corp. :TAC-US: Earnings Analysis: Q4, 2016 By the Numbers : March 15, 2017 Mar 15 2017
TransAlta posts 4Q profit Mar 03 2017
TransAlta Reports Fourth Quarter and Full Year 2016 Results Mar 03 2017
TransAlta Corporation Determines Not to Proceed with Preferred Share Exchange Feb 10 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)