AVISTA CORP (AVA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AVA - US05379B1070 - Common Stock
38.48 USD
+0.11 (+0.29%)
38.48 USD
0 (0%)
Overall AVA gets a fundamental rating of 3 out of 10. We evaluated AVA against 26 industry peers in the Multi-Utilities industry. AVA has a bad profitability rating. Also its financial health evaluation is rather negative. AVA has a valuation in line with the averages, but it does not seem to be growing. Finally AVA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year AVA was profitable.
AVA had a positive operating cash flow in the past year.
Each year in the past 5 years AVA has been profitable.
In the past 5 years AVA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.32%, AVA is doing worse than 69.23% of the companies in the same industry.
AVA has a worse Return On Equity (7.15%) than 76.92% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.52%, AVA is doing worse than 80.77% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AVA is in line with the industry average of 3.94%.
The last Return On Invested Capital (3.52%) for AVA is above the 3 year average (2.73%), which is a sign of increasing profitability.
| 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 worse Operating Margin (17.51%) than 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AVA is destroying value.
Compared to 1 year ago, AVA has more shares outstanding
The number of shares outstanding for AVA has been increased compared to 5 years ago.
Compared to 1 year ago, AVA has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.86, we must say that AVA is in the distress zone and has some risk of bankruptcy.
AVA has a Altman-Z score (0.86) which is comparable to the rest of the industry.
AVA has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
AVA has a Debt to Equity ratio of 1.18. This is in the better half 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 | 0.86 |
ROIC/WACC0.56
WACC6.28%
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.
The Current ratio of AVA (0.91) is comparable to the rest of the industry.
A Quick Ratio of 0.60 indicates that AVA may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.60, AVA is doing worse than 80.77% of the companies in the same industry.
| 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.
AVA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.97% yearly.
Looking at the last year, AVA shows a small growth in Revenue. The Revenue has grown by 2.14% in the last year.
Measured over the past years, AVA shows a small growth in Revenue. The Revenue has been growing by 7.57% on average per year.
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 Y9.76%
EPS Next 2Y10.79%
EPS Next 3Y8.48%
EPS Next 5Y7.23%
Revenue Next Year4.57%
Revenue Next 2Y0.61%
Revenue Next 3Y1.88%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.31, which indicates a correct valuation of AVA.
Compared to the rest of the industry, the Price/Earnings ratio of AVA indicates a somewhat cheap valuation: AVA is cheaper than 65.38% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.92, AVA is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.75 indicates a correct valuation of AVA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AVA indicates a somewhat cheap valuation: AVA is cheaper than 65.38% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AVA to the average of the S&P500 Index (23.46), we can say AVA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.31 | ||
| Fwd PE | 13.75 |
4.2 Price Multiples
AVA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AVA is cheaper than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.4 |
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)1.67
PEG (5Y)5.5
EPS Next 2Y10.79%
EPS Next 3Y8.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.11%, AVA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.62, AVA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, AVA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
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
82.75% of the earnings are spent on dividend by AVA. This is not a sustainable payout ratio.
The dividend of AVA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP82.75%
EPS Next 2Y10.79%
EPS Next 3Y8.48%
38.48
+0.11 (+0.29%)
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 Cap3.13B
Revenue(TTM)1.96B
Net Income(TTM)189.16M
Analysts52.31
Price Target41.82 (8.68%)
Short Float %4.24%
Short Ratio5.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.11% |
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)-0.49%
PT rev (3m)0%
EPS NQ rev (1m)-7.35%
EPS NQ rev (3m)-0.65%
EPS NY rev (1m)-0.49%
EPS NY rev (3m)-1.32%
Revenue NQ rev (1m)-6.16%
Revenue NQ rev (3m)-6.16%
Revenue NY rev (1m)-1.11%
Revenue NY rev (3m)-2.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.31 | ||
| Fwd PE | 13.75 | ||
| P/S | 1.59 | ||
| P/FCF | N/A | ||
| P/OCF | 6.47 | ||
| P/B | 1.18 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 9.4 |
EPS(TTM)2.36
EY6.13%
EPS(NY)2.8
Fwd EY7.27%
FCF(TTM)-0.28
FCFYN/A
OCF(TTM)5.95
OCFY15.45%
SpS24.13
BVpS32.51
TBVpS31.87
PEG (NY)1.67
PEG (5Y)5.5
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 | 0.86 |
F-Score4
WACC6.28%
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 Y9.76%
EPS Next 2Y10.79%
EPS Next 3Y8.48%
EPS Next 5Y7.23%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y10.44%
Revenue growth 5Y7.57%
Sales Q2Q%2.35%
Revenue Next Year4.57%
Revenue Next 2Y0.61%
Revenue Next 3Y1.88%
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 16.31 and the Price/Book (PB) ratio is 1.18.
What is the financial health of AVISTA CORP (AVA) stock?
The financial health rating of AVISTA CORP (AVA) is 1 / 10.