IDACORP INC (IDA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IDA - US4511071064 - Common Stock
132.16 USD
-1.54 (-1.15%)
132.16 USD
0 (0%)
IDA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 46 industry peers in the Electric Utilities industry. While IDA is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
- In the past year IDA had a positive cash flow from operations.
- Each year in the past 5 years IDA has been profitable.
- Each year in the past 5 years IDA had a positive operating cash flow.
1.2 Ratios
- With a decent Return On Assets value of 3.15%, IDA is doing good in the industry, outperforming 65.22% of the companies in the same industry.
- IDA has a Return On Equity (9.13%) which is comparable to the rest of the industry.
- IDA's Return On Invested Capital of 2.94% is on the low side compared to the rest of the industry. IDA is outperformed by 80.43% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for IDA is in line with the industry average of 4.58%.
| 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
- With an excellent Profit Margin value of 17.59%, IDA belongs to the best of the industry, outperforming 89.13% of the companies in the same industry.
- IDA's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 18.92%, IDA is doing worse than 60.87% of the companies in the same industry.
- IDA's Operating Margin has been stable in the last couple of years.
- IDA has a Gross Margin of 78.55%. This is in the better half of the industry: IDA outperforms 71.74% of its industry peers.
- IDA's Gross Margin has been stable in the last couple of years.
| 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
- 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.
- The number of shares outstanding for IDA has been increased compared to 5 years ago.
- IDA has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.27, we must say that IDA is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.27, IDA is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
- IDA has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
- IDA has a better Debt to Equity ratio (1.02) than 71.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.27 |
ROIC/WACC0.41
WACC7.14%
2.3 Liquidity
- A Current Ratio of 1.08 indicates that IDA should not have too much problems paying its short term obligations.
- The Current ratio of IDA (1.08) is better than 80.43% of its industry peers.
- A Quick Ratio of 0.82 indicates that IDA may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.82, IDA is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
| 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%.
- The Earnings Per Share has been growing slightly by 3.56% on average over the past years.
- IDA shows a decrease in Revenue. In the last year, the revenue decreased by -1.88%.
- Measured over the past years, IDA shows a small growth in Revenue. The Revenue has been growing by 6.29% on average per year.
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 8.34% on average per year.
- The Revenue is expected to grow by 7.57% on average over the next years.
EPS Next Y7.86%
EPS Next 2Y8.42%
EPS Next 3Y8.55%
EPS Next 5Y8.34%
Revenue Next Year6.14%
Revenue Next 2Y7.3%
Revenue Next 3Y7.44%
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
- The Price/Earnings ratio is 22.71, which indicates a rather expensive current valuation of IDA.
- 76.09% 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 inline with the index average.
- A Price/Forward Earnings ratio of 20.52 indicates a rather expensive valuation of IDA.
- IDA's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. IDA is more expensive than 76.09% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. IDA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.71 | ||
| Fwd PE | 20.52 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IDA indicates a slightly more expensive valuation: IDA is more expensive than 78.26% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.72 |
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)2.89
PEG (5Y)6.37
EPS Next 2Y8.42%
EPS Next 3Y8.55%
5. Dividend
5.1 Amount
- IDA has a Yearly Dividend Yield of 2.63%. Purely for dividend investing, there may be better candidates out there.
- IDA's Dividend Yield is slightly below the industry average, which is at 2.90.
- Compared to an average S&P500 Dividend Yield of 1.81, IDA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
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 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.
- The dividend of IDA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP58.98%
EPS Next 2Y8.42%
EPS Next 3Y8.55%
IDACORP INC / IDA FAQ
What is the fundamental rating for IDA stock?
ChartMill assigns a fundamental rating of 4 / 10 to IDA.
Can you provide the valuation status for IDACORP INC?
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.
Can you provide the PE and PB ratios for IDA stock?
The Price/Earnings (PE) ratio for IDACORP INC (IDA) is 22.71 and the Price/Book (PB) ratio is 2.05.
What is the earnings growth outlook for IDACORP INC?
The Earnings per Share (EPS) of IDACORP INC (IDA) is expected to grow by 7.86% in the next year.