AVISTA CORP (AVA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AVA - US05379B1070 - Common Stock
37.69 USD
-0.89 (-2.31%)
37.69 USD
0 (0%)
AVA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 26 industry peers in the Multi-Utilities industry. Both the profitability and financial health of AVA have multiple concerns. AVA has a valuation in line with the averages, but it does not seem to be growing. AVA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
AVA had positive earnings in the past year.
AVA had a positive operating cash flow in the past year.
In the past 5 years AVA has always been profitable.
AVA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 2.32%, AVA is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
AVA's Return On Equity of 7.15% is on the low side compared to the rest of the industry. AVA is outperformed by 76.92% of its industry peers.
AVA has a Return On Invested Capital of 3.52%. This is amonst the worse of the industry: AVA underperforms 80.77% of its industry peers.
AVA had an Average Return On Invested Capital over the past 3 years of 2.73%. This is in line with the industry average of 3.94%.
The 3 year average ROIC (2.73%) for AVA is below the current ROIC(3.52%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.15% | ||
| ROIC | 3.52% |
ROA(3y)2.19%
ROA(5y)2.15%
ROE(3y)6.83%
ROE(5y)6.74%
ROIC(3y)2.73%
ROIC(5y)2.82%
1.3 Margins
AVA's Profit Margin of 9.63% is on the low side compared to the rest of the industry. AVA is outperformed by 61.54% of its industry peers.
In the last couple of years the Profit Margin of AVA has declined.
AVA has a Operating Margin of 17.51%. This is in the lower half of the industry: AVA underperforms 76.92% of its industry peers.
AVA's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.51% | ||
| PM (TTM) | 9.63% | ||
| GM | N/A |
OM growth 3Y-0.15%
OM growth 5Y-1.58%
PM growth 3Y-3.19%
PM growth 5Y-8.7%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
AVA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AVA has been increased compared to 1 year ago.
The number of shares outstanding for AVA has been increased compared to 5 years ago.
The debt/assets ratio for AVA has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.85, we must say that AVA is in the distress zone and has some risk of bankruptcy.
AVA has a Altman-Z score (0.85) which is in line with its industry peers.
AVA has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
AVA's Debt to Equity ratio of 1.18 is fine compared to the rest of the industry. AVA outperforms 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.85 |
ROIC/WACC0.56
WACC6.27%
2.3 Liquidity
AVA has a Current Ratio of 0.91. This is a bad value and indicates that AVA is not financially healthy enough and could expect problems in meeting its short term obligations.
AVA has a Current ratio (0.91) which is comparable to the rest of the industry.
AVA has a Quick Ratio of 0.91. This is a bad value and indicates that AVA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.60, AVA is not doing good in the industry: 80.77% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
The earnings per share for AVA have decreased by -6.72% in the last year.
Measured over the past 5 years, AVA shows a small growth in Earnings Per Share. The EPS has been growing by 2.97% on average per year.
Looking at the last year, AVA shows a small growth in Revenue. The Revenue has grown by 2.14% in the last year.
AVA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.57% yearly.
EPS 1Y (TTM)-6.72%
EPS 3Y2.94%
EPS 5Y2.97%
EPS Q2Q%56.52%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y10.44%
Revenue growth 5Y7.57%
Sales Q2Q%2.35%
3.2 Future
Based on estimates for the next years, AVA will show a small growth in Earnings Per Share. The EPS will grow by 7.23% on average per year.
Based on estimates for the next years, AVA will show a small growth in Revenue. The Revenue will grow by 2.99% on average per year.
EPS Next Y9.28%
EPS Next 2Y9.63%
EPS Next 3Y7.98%
EPS Next 5Y7.23%
Revenue Next Year4.89%
Revenue Next 2Y0.82%
Revenue Next 3Y2.02%
Revenue Next 5Y2.99%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AVA is valuated correctly with a Price/Earnings ratio of 15.97.
AVA's Price/Earnings ratio is a bit cheaper when compared to the industry. AVA is cheaper than 65.38% of the companies in the same industry.
AVA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.39.
The Price/Forward Earnings ratio is 13.75, which indicates a correct valuation of AVA.
AVA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AVA is cheaper than 65.38% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.84. AVA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.97 | ||
| Fwd PE | 13.75 |
4.2 Price Multiples
61.54% of the companies in the same industry are more expensive than AVA, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.3 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.72
PEG (5Y)5.38
EPS Next 2Y9.63%
EPS Next 3Y7.98%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.08%, AVA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.56, AVA pays a better dividend. On top of this AVA pays more dividend than 100.00% of the companies listed in the same industry.
AVA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
5.2 History
The dividend of AVA has a limited annual growth rate of 4.18%.
AVA has paid a dividend for at least 10 years, which is a reliable track record.
AVA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.18%
Div Incr Years22
Div Non Decr Years25
5.3 Sustainability
AVA pays out 82.75% of its income as dividend. This is not a sustainable payout ratio.
AVA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP82.75%
EPS Next 2Y9.63%
EPS Next 3Y7.98%
37.69
-0.89 (-2.31%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners88.99%
Inst Owner Change-0.68%
Ins Owners0.59%
Ins Owner Change-0.76%
Market Cap3.07B
Revenue(TTM)1.96B
Net Income(TTM)189.16M
Analysts52.31
Price Target42.02 (11.49%)
Short Float %4.24%
Short Ratio5.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
Yearly Dividend1.9
Dividend Growth(5Y)4.18%
DP82.75%
Div Incr Years22
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.78%
Min EPS beat(2)-44.54%
Max EPS beat(2)24.98%
EPS beat(4)1
Avg EPS beat(4)-6.82%
Min EPS beat(4)-44.54%
Max EPS beat(4)24.98%
EPS beat(8)3
Avg EPS beat(8)8.16%
EPS beat(12)6
Avg EPS beat(12)10.54%
EPS beat(16)8
Avg EPS beat(16)-1.7%
Revenue beat(2)0
Avg Revenue beat(2)-2.79%
Min Revenue beat(2)-4.5%
Max Revenue beat(2)-1.09%
Revenue beat(4)1
Avg Revenue beat(4)0.21%
Min Revenue beat(4)-4.5%
Max Revenue beat(4)9.75%
Revenue beat(8)4
Avg Revenue beat(8)3.29%
Revenue beat(12)7
Avg Revenue beat(12)5.57%
Revenue beat(16)10
Avg Revenue beat(16)6.75%
PT rev (1m)1.48%
PT rev (3m)0.49%
EPS NQ rev (1m)-7.35%
EPS NQ rev (3m)-0.65%
EPS NY rev (1m)-0.92%
EPS NY rev (3m)-2.3%
Revenue NQ rev (1m)-6.16%
Revenue NQ rev (3m)-6.16%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.97 | ||
| Fwd PE | 13.75 | ||
| P/S | 1.56 | ||
| P/FCF | N/A | ||
| P/OCF | 6.34 | ||
| P/B | 1.16 | ||
| P/tB | 1.18 | ||
| EV/EBITDA | 9.3 |
EPS(TTM)2.36
EY6.26%
EPS(NY)2.74
Fwd EY7.27%
FCF(TTM)-0.28
FCFYN/A
OCF(TTM)5.95
OCFY15.77%
SpS24.13
BVpS32.51
TBVpS31.87
PEG (NY)1.72
PEG (5Y)5.38
Graham Number41.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.15% | ||
| ROCE | 4.63% | ||
| ROIC | 3.52% | ||
| ROICexc | 3.54% | ||
| ROICexgc | 3.56% | ||
| OM | 17.51% | ||
| PM (TTM) | 9.63% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)2.19%
ROA(5y)2.15%
ROE(3y)6.83%
ROE(5y)6.74%
ROIC(3y)2.73%
ROIC(5y)2.82%
ROICexc(3y)2.74%
ROICexc(5y)2.83%
ROICexgc(3y)2.76%
ROICexgc(5y)2.85%
ROCE(3y)3.65%
ROCE(5y)3.74%
ROICexgc growth 3Y3.49%
ROICexgc growth 5Y0.28%
ROICexc growth 3Y3.54%
ROICexc growth 5Y0.32%
OM growth 3Y-0.15%
OM growth 5Y-1.58%
PM growth 3Y-3.19%
PM growth 5Y-8.7%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.96 | ||
| Cap/Depr | 176.91% | ||
| Cap/Sales | 25.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.77% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | 0.85 |
F-Score4
WACC6.27%
ROIC/WACC0.56
Cap/Depr(3y)187%
Cap/Depr(5y)186.15%
Cap/Sales(3y)27.47%
Cap/Sales(5y)28.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.72%
EPS 3Y2.94%
EPS 5Y2.97%
EPS Q2Q%56.52%
EPS Next Y9.28%
EPS Next 2Y9.63%
EPS Next 3Y7.98%
EPS Next 5Y7.23%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y10.44%
Revenue growth 5Y7.57%
Sales Q2Q%2.35%
Revenue Next Year4.89%
Revenue Next 2Y0.82%
Revenue Next 3Y2.02%
Revenue Next 5Y2.99%
EBIT growth 1Y13.36%
EBIT growth 3Y10.27%
EBIT growth 5Y5.87%
EBIT Next Year117.17%
EBIT Next 3Y31.92%
EBIT Next 5Y20.97%
FCF growth 1Y86.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y57.54%
OCF growth 3Y25.95%
OCF growth 5Y6.04%
AVISTA CORP / AVA FAQ
Can you provide the ChartMill fundamental rating for AVISTA CORP?
ChartMill assigns a fundamental rating of 3 / 10 to AVA.
What is the valuation status for AVA stock?
ChartMill assigns a valuation rating of 4 / 10 to AVISTA CORP (AVA). This can be considered as Fairly Valued.
How profitable is AVISTA CORP (AVA) stock?
AVISTA CORP (AVA) has a profitability rating of 3 / 10.
What are the PE and PB ratios of AVISTA CORP (AVA) stock?
The Price/Earnings (PE) ratio for AVISTA CORP (AVA) is 15.97 and the Price/Book (PB) ratio is 1.16.
What is the financial health of AVISTA CORP (AVA) stock?
The financial health rating of AVISTA CORP (AVA) is 1 / 10.