IDACORP INC (IDA) Stock Fundamental Analysis
USA - NYSE:IDA - US4511071064 - Common Stock
125.7 USD
+0.09 (+0.07%)
125.7 USD
0 (0%)
IDA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 48 industry peers in the Electric Utilities industry. There are concerns on the financial health of IDA while its profitability can be described as average. IDA is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year IDA was profitable.
In the past year IDA had a positive cash flow from operations.
IDA had positive earnings in each of the past 5 years.
In the past 5 years IDA always reported a positive cash flow from operatings.
1.2 Ratios
IDA has a Return On Assets of 3.09%. This is in the better half of the industry: IDA outperforms 62.50% of its industry peers.
The Return On Equity of IDA (9.03%) is worse than 64.58% of its industry peers.
IDA's Return On Invested Capital of 2.84% is on the low side compared to the rest of the industry. IDA is outperformed by 85.42% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IDA is below the industry average of 5.43%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 9.03% | ||
| ROIC | 2.84% |
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 has a better Profit Margin (16.96%) than 79.17% of its industry peers.
In the last couple of years the Profit Margin of IDA has declined.
IDA has a worse Operating Margin (18.26%) than 66.67% of its industry peers.
IDA's Operating Margin has been stable in the last couple of years.
IDA has a Gross Margin of 78.97%. This is in the better half of the industry: IDA outperforms 75.00% of its industry peers.
IDA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.26% | ||
| PM (TTM) | 16.96% | ||
| GM | 78.97% |
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
IDA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
IDA has more shares outstanding than it did 1 year ago.
The number of shares outstanding for IDA has been increased compared to 5 years ago.
Compared to 1 year ago, IDA has an improved debt to assets ratio.
2.2 Solvency
IDA has an Altman-Z score of 1.27. This is a bad value and indicates that IDA is not financially healthy and even has some risk of bankruptcy.
IDA has a Altman-Z score of 1.27. This is in the better half of the industry: IDA outperforms 72.92% of its industry peers.
A Debt/Equity ratio of 1.08 is on the high side and indicates that IDA has dependencies on debt financing.
IDA has a Debt to Equity ratio of 1.08. This is in the better half of the industry: IDA outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.27 |
ROIC/WACC0.41
WACC6.99%
2.3 Liquidity
A Current Ratio of 1.45 indicates that IDA should not have too much problems paying its short term obligations.
IDA has a better Current ratio (1.45) than 75.00% of its industry peers.
IDA has a Quick Ratio of 1.12. This is a normal value and indicates that IDA is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.12, IDA is doing good in the industry, outperforming 72.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.37% over the past year.
The Earnings Per Share has been growing slightly by 3.56% on average over the past years.
The Revenue has decreased by -0.70% in the past year.
The Revenue has been growing slightly by 6.29% on average over the past years.
EPS 1Y (TTM)6.37%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%2.92%
Revenue 1Y (TTM)-0.7%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.04%
3.2 Future
IDA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.06% yearly.
IDA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.93% yearly.
EPS Next Y7.73%
EPS Next 2Y8.57%
EPS Next 3Y8.45%
EPS Next 5Y9.06%
Revenue Next Year3.39%
Revenue Next 2Y6.14%
Revenue Next 3Y5.54%
Revenue Next 5Y8.93%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.13 indicates a rather expensive valuation of IDA.
79.17% of the companies in the same industry are cheaper than IDA, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.38. IDA is around the same levels.
IDA is valuated rather expensively with a Price/Forward Earnings ratio of 19.46.
Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than 75.00% of the companies in the same industry.
IDA is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.13 | ||
| Fwd PE | 19.46 |
4.2 Price Multiples
IDA's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. IDA is more expensive than 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.47 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.86
PEG (5Y)6.21
EPS Next 2Y8.57%
EPS Next 3Y8.45%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 2.74%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.47, IDA is paying slightly less dividend.
IDA's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
5.2 History
The dividend of IDA has a limited annual growth rate of 5.58%.
IDA has paid a dividend for at least 10 years, which is a reliable track record.
IDA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.58%
Div Incr Years13
Div Non Decr Years20
5.3 Sustainability
60.32% 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.
DP60.32%
EPS Next 2Y8.57%
EPS Next 3Y8.45%
125.7
+0.09 (+0.07%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners90.79%
Inst Owner Change13.08%
Ins Owners0.36%
Ins Owner Change-0.55%
Market Cap6.79B
Analysts82
Price Target135.32 (7.65%)
Short Float %6.35%
Short Ratio8.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend3.38
Dividend Growth(5Y)5.58%
DP60.32%
Div Incr Years13
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.93%
Min EPS beat(2)-2.01%
Max EPS beat(2)3.87%
EPS beat(4)2
Avg EPS beat(4)2.23%
Min EPS beat(4)-3.59%
Max EPS beat(4)10.64%
EPS beat(8)5
Avg EPS beat(8)2.26%
EPS beat(12)8
Avg EPS beat(12)4.02%
EPS beat(16)9
Avg EPS beat(16)3.76%
Revenue beat(2)1
Avg Revenue beat(2)-7.4%
Min Revenue beat(2)-15.95%
Max Revenue beat(2)1.15%
Revenue beat(4)1
Avg Revenue beat(4)-8.44%
Min Revenue beat(4)-16.71%
Max Revenue beat(4)1.15%
Revenue beat(8)4
Avg Revenue beat(8)4.17%
Revenue beat(12)8
Avg Revenue beat(12)13.04%
Revenue beat(16)12
Avg Revenue beat(16)13.09%
PT rev (1m)2.84%
PT rev (3m)4.77%
EPS NQ rev (1m)0.77%
EPS NQ rev (3m)-0.55%
EPS NY rev (1m)0.43%
EPS NY rev (3m)0.67%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)7.23%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.13 | ||
| Fwd PE | 19.46 | ||
| P/S | 3.75 | ||
| P/FCF | N/A | ||
| P/OCF | 10.62 | ||
| P/B | 2 | ||
| P/tB | 2 | ||
| EV/EBITDA | 17.47 |
EPS(TTM)5.68
EY4.52%
EPS(NY)6.46
Fwd EY5.14%
FCF(TTM)-5.52
FCFYN/A
OCF(TTM)11.84
OCFY9.42%
SpS33.5
BVpS62.92
TBVpS62.92
PEG (NY)2.86
PEG (5Y)6.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 9.03% | ||
| ROCE | 3.59% | ||
| ROIC | 2.84% | ||
| ROICexc | 2.99% | ||
| ROICexgc | 2.99% | ||
| OM | 18.26% | ||
| PM (TTM) | 16.96% | ||
| GM | 78.97% | ||
| 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-Score4
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.42 | ||
| Cap/Depr | 389.85% | ||
| Cap/Sales | 51.82% | ||
| Interest Coverage | 2.88 | ||
| Cash Conversion | 112% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 1.27 |
F-Score4
WACC6.99%
ROIC/WACC0.41
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)6.37%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%2.92%
EPS Next Y7.73%
EPS Next 2Y8.57%
EPS Next 3Y8.45%
EPS Next 5Y9.06%
Revenue 1Y (TTM)-0.7%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.04%
Revenue Next Year3.39%
Revenue Next 2Y6.14%
Revenue Next 3Y5.54%
Revenue Next 5Y8.93%
EBIT growth 1Y4.59%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year82.19%
EBIT Next 3Y37.61%
EBIT Next 5Y29.01%
FCF growth 1Y3.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y216.48%
OCF growth 3Y17.84%
OCF growth 5Y10.15%