IDACORP INC (IDA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IDA - US4511071064 - Common Stock
128.1 USD
-0.25 (-0.19%)
128.51 USD
+0.41 (+0.32%)
We assign a fundamental rating of 4 out of 10 to IDA. IDA was compared to 48 industry peers in the Electric Utilities industry. IDA has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, IDA is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
IDA had positive earnings in the past year.
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
With a decent Return On Assets value of 3.15%, IDA is doing good in the industry, outperforming 64.58% of the companies in the same industry.
With a Return On Equity value of 9.13%, IDA is not doing good in the industry: 60.42% of the companies in the same industry are doing better.
IDA has a worse Return On Invested Capital (2.94%) than 83.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IDA is in line with the industry average of 4.92%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.15% | ||
| ROE | 9.13% | ||
| ROIC | 2.94% |
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 Profit Margin of 17.59%. This is amongst the best in the industry. IDA outperforms 89.58% of its industry peers.
IDA's Profit Margin has declined in the last couple of years.
IDA has a Operating Margin of 18.92%. This is in the lower half of the industry: IDA underperforms 60.42% of its industry peers.
In the last couple of years the Operating Margin of IDA has remained more or less at the same level.
IDA has a better Gross Margin (78.55%) than 70.83% of its industry peers.
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 | 18.92% | ||
| PM (TTM) | 17.59% | ||
| GM | 78.55% |
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.
Compared to 1 year ago, IDA has more shares outstanding
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 1.25. This is a bad value and indicates that IDA is not financially healthy and even has some risk of bankruptcy.
IDA has a better Altman-Z score (1.25) than 72.92% of its industry peers.
IDA has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
IDA's Debt to Equity ratio of 1.02 is fine compared to the rest of the industry. IDA outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.25 |
ROIC/WACC0.42
WACC7%
2.3 Liquidity
IDA has a Current Ratio of 1.08. 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 Current ratio of 1.08. This is in the better half of the industry: IDA outperforms 75.00% of its industry peers.
A Quick Ratio of 0.82 indicates that IDA may have some problems paying its short term obligations.
IDA has a Quick ratio of 0.82. This is in the better half of the industry: IDA outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
IDA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.98%.
Measured over the past 5 years, IDA shows a small growth in Earnings Per Share. The EPS has been growing by 3.56% on average per year.
IDA shows a decrease in Revenue. In the last year, the revenue decreased by -1.88%.
The Revenue has been growing slightly by 6.29% on average over the past years.
EPS 1Y (TTM)7.98%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%6.6%
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.78%
3.2 Future
Based on estimates for the next years, IDA will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.33% on average per year.
Based on estimates for the next years, IDA will show a small growth in Revenue. The Revenue will grow by 7.57% on average per year.
EPS Next Y7.71%
EPS Next 2Y8.43%
EPS Next 3Y8.55%
EPS Next 5Y8.33%
Revenue Next Year4.9%
Revenue Next 2Y6.29%
Revenue Next 3Y6.66%
Revenue Next 5Y7.57%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.01, the valuation of IDA can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of IDA indicates a slightly more expensive valuation: IDA is more expensive than 77.08% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.37, IDA is valued at the same level.
IDA is valuated rather expensively with a Price/Forward Earnings ratio of 19.88.
Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than 75.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.20, IDA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.01 | ||
| Fwd PE | 19.88 |
4.2 Price Multiples
81.25% of the companies in the same industry are cheaper than IDA, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.35 |
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)6.18
EPS Next 2Y8.43%
EPS Next 3Y8.55%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 2.69%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.33, IDA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.32, IDA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
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
IDA pays out 58.98% of its income as dividend. This is a bit on the high side, but may be sustainable.
IDA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.98%
EPS Next 2Y8.43%
EPS Next 3Y8.55%
128.1
-0.25 (-0.19%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners100.99%
Inst Owner Change0.23%
Ins Owners0.36%
Ins Owner Change0.1%
Market Cap6.92B
Revenue(TTM)1.81B
Net Income(TTM)317.74M
Analysts81.67
Price Target143.69 (12.17%)
Short Float %6.74%
Short Ratio8.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
Yearly Dividend3.38
Dividend Growth(5Y)5.58%
DP58.98%
Div Incr Years13
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.43%
Min EPS beat(2)-2.01%
Max EPS beat(2)-0.85%
EPS beat(4)2
Avg EPS beat(4)2.91%
Min EPS beat(4)-2.01%
Max EPS beat(4)10.64%
EPS beat(8)4
Avg EPS beat(8)1.73%
EPS beat(12)7
Avg EPS beat(12)3.73%
EPS beat(16)9
Avg EPS beat(16)3.95%
Revenue beat(2)0
Avg Revenue beat(2)-18.72%
Min Revenue beat(2)-21.49%
Max Revenue beat(2)-15.95%
Revenue beat(4)1
Avg Revenue beat(4)-9.63%
Min Revenue beat(4)-21.49%
Max Revenue beat(4)1.15%
Revenue beat(8)4
Avg Revenue beat(8)1.83%
Revenue beat(12)7
Avg Revenue beat(12)9.49%
Revenue beat(16)11
Avg Revenue beat(16)10.94%
PT rev (1m)5%
PT rev (3m)7.13%
EPS NQ rev (1m)0.11%
EPS NQ rev (3m)7.7%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)-0.02%
Revenue NQ rev (1m)5.85%
Revenue NQ rev (3m)20.03%
Revenue NY rev (1m)1.46%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.01 | ||
| Fwd PE | 19.88 | ||
| P/S | 3.83 | ||
| P/FCF | N/A | ||
| P/OCF | 11.53 | ||
| P/B | 1.99 | ||
| P/tB | 1.99 | ||
| EV/EBITDA | 17.35 |
EPS(TTM)5.82
EY4.54%
EPS(NY)6.44
Fwd EY5.03%
FCF(TTM)-7.59
FCFYN/A
OCF(TTM)11.11
OCFY8.67%
SpS33.41
BVpS64.4
TBVpS64.4
PEG (NY)2.86
PEG (5Y)6.18
Graham Number91.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.15% | ||
| ROE | 9.13% | ||
| ROCE | 3.72% | ||
| ROIC | 2.94% | ||
| ROICexc | 3.05% | ||
| ROICexgc | 3.05% | ||
| OM | 18.92% | ||
| PM (TTM) | 17.59% | ||
| GM | 78.55% | ||
| 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%
ROICexgc growth 3Y1.39%
ROICexgc 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-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6 | ||
| Cap/Depr | 404.68% | ||
| Cap/Sales | 55.96% | ||
| Interest Coverage | 2.52 | ||
| Cash Conversion | 101.55% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 1.25 |
F-Score5
WACC7%
ROIC/WACC0.42
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)7.98%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%6.6%
EPS Next Y7.71%
EPS Next 2Y8.43%
EPS Next 3Y8.55%
EPS Next 5Y8.33%
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.78%
Revenue Next Year4.9%
Revenue Next 2Y6.29%
Revenue Next 3Y6.66%
Revenue Next 5Y7.57%
EBIT growth 1Y5.63%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year83.04%
EBIT Next 3Y38.01%
EBIT Next 5Y27.55%
FCF growth 1Y-32.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y145.8%
OCF growth 3Y17.84%
OCF growth 5Y10.15%
IDACORP INC / IDA FAQ
What is the fundamental rating for IDA stock?
ChartMill assigns a fundamental rating of 4 / 10 to IDA.
What is the valuation status for IDA stock?
ChartMill assigns a valuation rating of 1 / 10 to IDACORP INC (IDA). This can be considered as Overvalued.
How profitable is IDACORP INC (IDA) stock?
IDACORP INC (IDA) has a profitability rating of 5 / 10.
What is the expected EPS growth for IDACORP INC (IDA) stock?
The Earnings per Share (EPS) of IDACORP INC (IDA) is expected to grow by 7.71% in the next year.
How sustainable is the dividend of IDACORP INC (IDA) stock?
The dividend rating of IDACORP INC (IDA) is 5 / 10 and the dividend payout ratio is 58.98%.