We assign a fundamental rating of 4 out of 10 to IDA. IDA was compared to 46 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.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

IDA had positive earnings in the past year.
In the past year IDA had a positive cash flow from operations.
IDA had positive earnings in each of the past 5 years.
IDA had a positive operating cash flow in each of the past 5 years.

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 in line with its industry peers.
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 4.57%.

		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's Profit Margin of 17.59% is amongst the best of the industry. IDA outperforms 89.13% of its industry peers.
In the last couple of years the Profit Margin of IDA has declined.
IDA has a Operating Margin of 18.92%. This is in the lower half of the industry: IDA underperforms 60.87% of its industry peers.
IDA's Operating Margin has been stable in the last couple of years.
The Gross Margin of IDA (78.55%) is better than 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
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.
IDA has a better Altman-Z score (1.27) than 78.26% 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 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

WACC7.16%

2.3 Liquidity

A Current Ratio of 1.08 indicates that IDA should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.08, IDA belongs to the best of the industry, outperforming 80.43% of the companies in the same industry.
IDA has a Quick Ratio of 1.08. This is a bad value and indicates that IDA is not financially healthy enough and could expect problems in meeting its short term obligations.
IDA has a Quick ratio of 0.82. This is in the better half of the industry: IDA outperforms 65.22% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.08
Quick Ratio	0.82

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WACC

Debt/Equity

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Altman-Z score

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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 decrease in Revenue. The Revenue has decreased by -1.88% 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)-1.88%

Revenue growth 3Y7.8%

Revenue growth 5Y6.29%

Sales Q2Q%-0.78%

3.2 Future

The Earnings Per Share is expected to grow by 8.34% on average over the next years. This is quite good.
IDA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.57% yearly.

EPS Next Y7.86%

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

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.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 22.82, which indicates a rather expensive current valuation of IDA.
Compared to the rest of the industry, the Price/Earnings ratio of IDA indicates a slightly more expensive valuation: IDA is more expensive than 76.09% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.32, IDA is valued at the same level.
The Price/Forward Earnings ratio is 20.61, which indicates a rather expensive current valuation of IDA.
Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than 76.09% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IDA to the average of the S&P500 Index (25.57), we can say IDA is valued inline with the index average.

		Industry Rank	Sector Rank
PE	22.82
Fwd PE	20.61

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, IDA is valued a bit more expensive than 78.26% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	17.78

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)2.9

PEG (5Y)6.4

EPS Next 2Y8.42%

EPS Next 3Y8.55%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.66%, IDA has a reasonable but not impressive dividend return.
IDA's Dividend Yield is slightly below the industry average, which is at 2.90.
Compared to an average S&P500 Dividend Yield of 1.83, IDA pays a bit more dividend than the S&P500 average.

		Industry Rank	Sector Rank
Dividend Yield	2.66%

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 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

58.98% of the earnings are spent on dividend by IDA. 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%

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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 22.82 and the Price/Book (PB) ratio is 2.06.

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.