IDACORP INC (IDA) Stock Fundamental Analysis
USA - NYSE:IDA - US4511071064 - Common Stock
129.17 USD
-1.47 (-1.13%)
129.17 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to IDA. 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. IDA is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year IDA was profitable.
IDA had a positive operating cash flow in the past year.
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
The Return On Assets of IDA (3.09%) is better than 61.70% of its industry peers.
IDA has a worse Return On Equity (9.03%) than 63.83% of its industry peers.
IDA has a Return On Invested Capital of 2.84%. This is amonst the worse of the industry: IDA underperforms 87.23% 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 5.02%.
| 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's Profit Margin of 16.96% is amongst the best of the industry. IDA outperforms 87.23% of its industry peers.
IDA's Profit Margin has declined in the last couple of years.
IDA has a worse Operating Margin (18.26%) than 65.96% of its industry peers.
In the last couple of years the Operating Margin of IDA has remained more or less at the same level.
The Gross Margin of IDA (78.97%) is better than 76.60% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IDA is destroying value.
Compared to 1 year ago, IDA has more shares outstanding
IDA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IDA has been reduced compared to a year ago.
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 has a Altman-Z score of 1.29. This is in the better half of the industry: IDA outperforms 72.34% 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.
Looking at the Debt to Equity ratio, with a value of 1.08, 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 | 1.08 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.29 |
ROIC/WACC0.41
WACC7%
2.3 Liquidity
IDA has a Current Ratio of 1.45. 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 1.45. This is amongst the best in the industry. IDA outperforms 82.98% 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.
Looking at the Quick ratio, with a value of 1.12, IDA is in the better half of the industry, outperforming 76.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.12 |
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.
Looking at the last year, IDA shows a small growth in Revenue. The Revenue has grown by 3.41% 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)7.98%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%6.6%
Revenue 1Y (TTM)3.41%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.78%
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 8.33% yearly.
IDA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.57% yearly.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 22.19, IDA is valued on the expensive side.
IDA's Price/Earnings ratio is a bit more expensive when compared to the industry. IDA is more expensive than 74.47% of the companies in the same industry.
When comparing the Price/Earnings ratio of IDA to the average of the S&P500 Index (26.34), we can say IDA is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 20.05, the valuation of IDA can be described as rather expensive.
Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than 72.34% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.43, IDA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.19 | ||
| Fwd PE | 20.05 |
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 | 17.95 |
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)2.88
PEG (5Y)6.23
EPS Next 2Y8.43%
EPS Next 3Y8.55%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 2.75%. Purely for dividend investing, there may be better candidates out there.
IDA's Dividend Yield is slightly below the industry average, which is at 3.23.
IDA's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
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
60.32% 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 2Y8.43%
EPS Next 3Y8.55%
129.17
-1.47 (-1.13%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners100.99%
Inst Owner Change0.67%
Ins Owners0.36%
Ins Owner Change-0.55%
Market Cap6.98B
Revenue(TTM)1.83B
Net Income(TTM)306.91M
Analysts81.67
Price Target143.69 (11.24%)
Short Float %6.33%
Short Ratio8.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
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)5%
PT rev (3m)9.21%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)-0.29%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.41%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-0.3%
Revenue NY rev (1m)1.46%
Revenue NY rev (3m)1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.19 | ||
| Fwd PE | 20.05 | ||
| P/S | 3.86 | ||
| P/FCF | N/A | ||
| P/OCF | 10.91 | ||
| P/B | 2.05 | ||
| P/tB | 2.05 | ||
| EV/EBITDA | 17.95 |
EPS(TTM)5.82
EY4.51%
EPS(NY)6.44
Fwd EY4.99%
FCF(TTM)-5.52
FCFYN/A
OCF(TTM)11.84
OCFY9.16%
SpS33.5
BVpS62.92
TBVpS62.92
PEG (NY)2.88
PEG (5Y)6.23
Graham Number90.77
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%
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-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 | 1.29 |
F-Score4
WACC7%
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)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)3.41%
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 1Y4.59%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year83.04%
EBIT Next 3Y38.01%
EBIT Next 5Y27.55%
FCF growth 1Y3.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y216.48%
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 60.32%.