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Northland PowerTSX:NPI +2.45%73 Intrinsic Value: Projected FCF is C$45.38 as of Sep. 06, 2026. GuruFocus rates TSX:NPI with a GF Score™ of 73/100 and a GF Value™ of C$23.29 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 240 Utilities - Independent Power Producers companies, Northland Power ranks better than 73.75% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-06), Northland Power's Intrinsic Value: Projected FCF is C$45.38. The stock price of Northland Power is C$20.92. Therefore, Northland Power's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.
The historical rank and industry rank for Northland Power's Intrinsic Value: Projected FCF or its related term are showing as below:
TSX:NPI'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.4 Med: 0.6 Max: 80.12
Current: 0.46
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Northland Power was 80.12. The lowest was 0.40. And the median was 0.60.
TSX:NPI's Price-to-Projected-FCF is ranked better than 73.75% of 240
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79
vs TSX:NPI: 0.46
Northland Power (TSX:NPI) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Northland Power's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
20.92
/
45.377048346575
=
0.46
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Northland Power Intrinsic Value: Projected FCF Related Terms
Northland Power Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Northland Power's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Northland Power Intrinsic Value: Projected FCF Chart
Northland Power Intrinsic Value: Projected FCF Competitor Comparison
For the Utilities - Renewable subindustry, Northland Power's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northland Power Price-to-Projected-FCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Northland Power's Price-to-Projected-FCF falls into.
Northland Power Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of C$45.38 mean?
Northland Power (TSX:NPI) has a Intrinsic Value: Projected FCF of C$45.38 as of Sep. 06, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Northland Power and its competitors. According to the industry distribution chart, Northland Power ranks #63 out of 240 companies in the Utilities - Independent Power Producers industry, placing it in the top 26.2%.
Is Northland Power's Intrinsic Value: Projected FCF too high?
Northland Power's current Intrinsic Value: Projected FCF is C$45.38. Based on the distribution chart, Northland Power ranks #63 out of 240 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Northland Power has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's Intrinsic Value: Projected FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #63 out of 240 companies for Intrinsic Value: Projected FCF. This puts Northland Power in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Utilities - Independent Power Producers company?
The median Intrinsic Value: Projected FCF among Utilities - Independent Power Producers companies is 0.79, based on 240 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Northland Power and its competitors. For the Utilities - Independent Power Producers industry, the median Intrinsic Value: Projected FCF is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northland Power's current Intrinsic Value: Projected FCF is C$45.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (TSX:NPI) is currently considered Modestly Undervalued. The stock's GF Value™ is C$23.29, compared to a current price of C$20.92 — trading 10.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is C$45.38. Northland Power's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Northland Power (TSX:NPI), the current Intrinsic Value: Projected FCF is C$45.38 as of Sep. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northland Power (TSX:NPI) Overvalued in 2026?
Based on GuruFocus' analysis, Northland Power stock appears to be undervalued.
The current stock price of C$20.92 is trading 10.2% below its estimated GF Value™ of C$23.29.
GuruFocus considers Northland Power to be Modestly Undervalued.
Key valuation signals for TSX:NPI:
Intrinsic Value: Projected FCF: C$45.38
GF Value™: C$23.29 vs. price of C$20.92 (10.2% below fair value)
No single metric tells the full story. See the TSX:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
73GF Score
Get the complete analysis for TSX:NPI
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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