IDACORP INC (IDA) Stock Fundamental Analysis
NYSE:IDA - New York Stock Exchange, Inc. - US4511071064 - Common Stock - Currency: USD
Taking everything into account, IDA scores 4 out of 10 in our fundamental rating. IDA was compared to 47 industry peers in the Electric Utilities industry. There are concerns on the financial health of IDA while its profitability can be described as average. While showing a medium growth rate, IDA is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year IDA was profitable.
IDA had a positive operating cash flow in the past year.
In the past 5 years IDA has always been profitable.
In the past 5 years IDA always reported a positive cash flow from operatings.
1.2 Ratios
IDA's Return On Assets of 3.13% is fine compared to the rest of the industry. IDA outperforms 61.70% of its industry peers.
IDA has a Return On Equity (8.98%) which is in line with its industry peers.
IDA has a worse Return On Invested Capital (2.95%) than 87.23% of its industry peers.
IDA had an Average Return On Invested Capital over the past 3 years of 3.38%. This is significantly below the industry average of 38.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.13% | ||
| ROE | 8.98% | ||
| ROIC | 2.95% |
ROA(3y)3.21%
ROA(5y)3.28%
ROE(3y)8.96%
ROE(5y)9.07%
ROIC(3y)3.38%
ROIC(5y)3.49%
1.3 Margins
IDA's Profit Margin of 16.61% is amongst the best of the industry. IDA outperforms 80.85% of its industry peers.
IDA's Profit Margin has declined in the last couple of years.
The Operating Margin of IDA (18.41%) is worse than 63.83% of its industry peers.
IDA's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 78.60%, IDA is doing good in the industry, outperforming 74.47% of the companies in the same industry.
In the last couple of years the Gross Margin of IDA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.41% | ||
| PM (TTM) | 16.61% | ||
| GM | 78.6% |
OM growth 3Y0.63%
OM growth 5Y0.81%
PM growth 3Y-2.05%
PM growth 5Y-1.76%
GM growth 3Y1.97%
GM growth 5Y-0.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IDA is destroying value.
IDA has more shares outstanding than it did 1 year ago.
IDA has more shares outstanding than it did 5 years ago.
IDA has a better debt/assets ratio than last year.
2.2 Solvency
IDA has an Altman-Z score of 1.29. This is a bad value and indicates that IDA is not financially healthy and even has some risk of bankruptcy.
IDA's Altman-Z score of 1.29 is fine compared to the rest of the industry. IDA outperforms 74.47% of its industry peers.
A Debt/Equity ratio of 1.03 is on the high side and indicates that IDA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.03, IDA is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.29 |
ROIC/WACC0.35
WACC8.46%
2.3 Liquidity
A Current Ratio of 1.81 indicates that IDA should not have too much problems paying its short term obligations.
IDA's Current ratio of 1.81 is amongst the best of the industry. IDA outperforms 82.98% of its industry peers.
IDA has a Quick Ratio of 1.44. This is a normal value and indicates that IDA is financially healthy and should not expect problems in meeting its short term obligations.
IDA has a better Quick ratio (1.44) than 78.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
IDA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.05%, which is quite good.
IDA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.56% yearly.
Looking at the last year, IDA shows a small growth in Revenue. The Revenue has grown by 1.38% in the last year.
IDA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.29% yearly.
EPS 1Y (TTM)13.05%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%15.79%
Revenue 1Y (TTM)1.38%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-3.67%
3.2 Future
IDA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.97% yearly.
The Revenue is expected to grow by 8.93% on average over the next years. This is quite good.
EPS Next Y7.01%
EPS Next 2Y8.32%
EPS Next 3Y8.26%
EPS Next 5Y7.97%
Revenue Next Year3.88%
Revenue Next 2Y6.8%
Revenue Next 3Y6.83%
Revenue Next 5Y8.93%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 20.54, the valuation of IDA can be described as rather expensive.
74.47% of the companies in the same industry are cheaper than IDA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of IDA to the average of the S&P500 Index (27.21), we can say IDA is valued slightly cheaper.
A Price/Forward Earnings ratio of 17.98 indicates a rather expensive valuation of IDA.
63.83% of the companies in the same industry are cheaper than IDA, based on the Price/Forward Earnings ratio.
IDA is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 17.98 |
4.2 Price Multiples
IDA's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. IDA is more expensive than 80.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.96 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IDA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.93
PEG (5Y)5.76
EPS Next 2Y8.32%
EPS Next 3Y8.26%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 3.01%.
Compared to an average industry Dividend Yield of 3.67, IDA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.42, IDA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.01% |
5.2 History
The dividend of IDA has a limited annual growth rate of 5.58%.
IDA has been paying a dividend for at least 10 years, so it has a reliable track record.
IDA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.58%
Div Incr Years13
Div Non Decr Years20
5.3 Sustainability
60.12% of the earnings are spent on dividend by IDA. This is not a sustainable payout ratio.
The dividend of IDA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP60.12%
EPS Next 2Y8.32%
EPS Next 3Y8.26%
115.63
+0.18 (+0.16%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners89.64%
Inst Owner Change3.16%
Ins Owners0.36%
Ins Owner Change3.67%
Market Cap6.25B
Analysts81.67
Price Target129.03 (11.59%)
Short Float %6.54%
Short Ratio6.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.01% |
Yearly Dividend3.38
Dividend Growth(5Y)5.58%
DP60.12%
Div Incr Years13
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.26%
Min EPS beat(2)3.87%
Max EPS beat(2)10.64%
EPS beat(4)3
Avg EPS beat(4)8.57%
Min EPS beat(4)-3.59%
Max EPS beat(4)23.36%
EPS beat(8)6
Avg EPS beat(8)3.49%
EPS beat(12)8
Avg EPS beat(12)3.86%
EPS beat(16)10
Avg EPS beat(16)4.58%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-2.24%
Max Revenue beat(2)1.15%
Revenue beat(4)2
Avg Revenue beat(4)-4.09%
Min Revenue beat(4)-16.71%
Max Revenue beat(4)1.46%
Revenue beat(8)5
Avg Revenue beat(8)8.95%
Revenue beat(12)9
Avg Revenue beat(12)14.64%
Revenue beat(16)13
Avg Revenue beat(16)14.89%
PT rev (1m)-0.49%
PT rev (3m)3.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 17.98 | ||
| P/S | 3.45 | ||
| P/FCF | N/A | ||
| P/OCF | 10.26 | ||
| P/B | 1.87 | ||
| P/tB | 1.87 | ||
| EV/EBITDA | 15.96 |
EPS(TTM)5.63
EY4.87%
EPS(NY)6.43
Fwd EY5.56%
FCF(TTM)-6.32
FCFYN/A
OCF(TTM)11.27
OCFY9.75%
SpS33.51
BVpS61.95
TBVpS61.95
PEG (NY)2.93
PEG (5Y)5.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.13% | ||
| ROE | 8.98% | ||
| ROCE | 3.74% | ||
| ROIC | 2.95% | ||
| ROICexc | 3.18% | ||
| ROICexgc | 3.18% | ||
| OM | 18.41% | ||
| PM (TTM) | 16.61% | ||
| GM | 78.6% | ||
| FCFM | N/A |
ROA(3y)3.21%
ROA(5y)3.28%
ROE(3y)8.96%
ROE(5y)9.07%
ROIC(3y)3.38%
ROIC(5y)3.49%
ROICexc(3y)3.51%
ROICexc(5y)3.63%
ROICexgc(3y)3.51%
ROICexgc(5y)3.63%
ROCE(3y)4.27%
ROCE(5y)4.42%
ROICexcg growth 3Y1.39%
ROICexcg growth 5Y0.9%
ROICexc growth 3Y1.39%
ROICexc growth 5Y0.9%
OM growth 3Y0.63%
OM growth 5Y0.81%
PM growth 3Y-2.05%
PM growth 5Y-1.76%
GM growth 3Y1.97%
GM growth 5Y-0.43%
F-Score6
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.08 | ||
| Cap/Depr | 406.71% | ||
| Cap/Sales | 52.52% | ||
| Interest Coverage | 2.99 | ||
| Cash Conversion | 107.43% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 1.29 |
F-Score6
WACC8.46%
ROIC/WACC0.35
Cap/Depr(3y)332.46%
Cap/Depr(5y)268.27%
Cap/Sales(3y)38.72%
Cap/Sales(5y)31.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.05%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%15.79%
EPS Next Y7.01%
EPS Next 2Y8.32%
EPS Next 3Y8.26%
EPS Next 5Y7.97%
Revenue 1Y (TTM)1.38%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-3.67%
Revenue Next Year3.88%
Revenue Next 2Y6.8%
Revenue Next 3Y6.83%
Revenue Next 5Y8.93%
EBIT growth 1Y12.94%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year79.61%
EBIT Next 3Y38%
EBIT Next 5Y29.01%
FCF growth 1Y-21.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y262.73%
OCF growth 3Y17.84%
OCF growth 5Y10.15%