Algonquin Power & Utilities Corp

AI-generated fair value estimate for this company.

Method: Perpetuity dividend discount model for preferred stock, converted to USD: CAD$1.7133 annual dividend (6.853% rate-reset coupon on a CAD$25.00 liquidation preference, fixed for the 5-year period from March 2024), divided by a 7.6% required yield for this credit/duration risk class, converted to USD at a rate of 1.41409 CAD per USD.

Reasoning: AGQPF is a Canadian-dollar-denominated cumulative rate-reset preferred share of Algonquin Power & Utilities Corp, so its value is best captured by discounting its fixed-period dividend at the market yield for comparable investment-grade utility holdco preferreds and converting to USD, rather than a DCF of AQN's consolidated operations, on which the preferred has only a residual, subordinated claim.