IDACORP INC (IDA) Stock Fundamental Analysis
USA - NYSE:IDA - US4511071064 - Common Stock
131.12 USD
-2.68 (-2%)
131.12 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. 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.
In the past year IDA had a positive cash flow from operations.
IDA had positive earnings in each of the past 5 years.
Each year in the past 5 years IDA had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.09%, IDA is in the better half of the industry, outperforming 65.96% of the companies in the same industry.
With a Return On Equity value of 9.03%, IDA is not doing good in the industry: 63.83% of the companies in the same industry are doing better.
IDA has a Return On Invested Capital of 2.84%. This is amonst the worse of the industry: IDA underperforms 85.11% 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 4.89%.
| 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 87.23% of its industry peers.
In the last couple of years the Profit Margin of IDA has declined.
IDA has a Operating Margin of 18.26%. This is in the lower half of the industry: IDA underperforms 63.83% 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 Gross Margin of 78.97%. This is in the better half of the industry: IDA outperforms 74.47% 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 | 18.26% | ||
| 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.
Compared to 1 year ago, IDA has more shares outstanding
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 1.31, we must say that IDA is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.31, IDA is doing good in the industry, outperforming 74.47% of the companies in the same industry.
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 | 1.31 |
ROIC/WACC0.4
WACC7.02%
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.
With an excellent Current ratio value of 1.45, IDA belongs to the best of the industry, outperforming 80.85% of the companies in the same industry.
A Quick Ratio of 1.12 indicates that IDA should not have too much problems paying its short term obligations.
IDA has a better Quick ratio (1.12) than 74.47% of its industry peers.
| 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
Based on estimates for the next years, IDA will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.08% on average per year.
Based on estimates for the next years, IDA will show a quite strong growth in Revenue. The Revenue will grow by 8.93% on average per year.
EPS Next Y7.78%
EPS Next 2Y8.62%
EPS Next 3Y8.45%
EPS Next 5Y9.08%
Revenue Next Year3.39%
Revenue Next 2Y5.96%
Revenue Next 3Y5.41%
Revenue Next 5Y8.93%
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
The Price/Earnings ratio is 23.08, which indicates a rather expensive current valuation of IDA.
Based on the Price/Earnings ratio, IDA is valued more expensive than 82.98% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.19. IDA is around the same levels.
With a Price/Forward Earnings ratio of 20.28, IDA is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IDA indicates a slightly more expensive valuation: IDA is more expensive than 78.72% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.50, IDA is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.08 | ||
| Fwd PE | 20.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IDA is valued more expensive than 80.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.25 |
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)2.97
PEG (5Y)6.48
EPS Next 2Y8.62%
EPS Next 3Y8.45%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 2.62%.
Compared to an average industry Dividend Yield of 3.24, IDA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.33, IDA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
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 60.32% of its income as dividend. This is not a sustainable payout ratio.
IDA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP60.32%
EPS Next 2Y8.62%
EPS Next 3Y8.45%
131.12
-2.68 (-2%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners100.99%
Inst Owner Change0.22%
Ins Owners0.36%
Ins Owner Change-0.55%
Market Cap7.08B
Revenue(TTM)1.81B
Net Income(TTM)306.91M
Analysts82
Price Target136.85 (4.37%)
Short Float %6.33%
Short Ratio8.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
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)1.13%
PT rev (3m)6%
EPS NQ rev (1m)-1.06%
EPS NQ rev (3m)-0.81%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.08 | ||
| Fwd PE | 20.28 | ||
| P/S | 3.91 | ||
| P/FCF | N/A | ||
| P/OCF | 11.08 | ||
| P/B | 2.08 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 18.25 |
EPS(TTM)5.68
EY4.33%
EPS(NY)6.47
Fwd EY4.93%
FCF(TTM)-5.52
FCFYN/A
OCF(TTM)11.84
OCFY9.03%
SpS33.5
BVpS62.92
TBVpS62.92
PEG (NY)2.97
PEG (5Y)6.48
Graham Number89.67
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 | 1.31 |
F-Score4
WACC7.02%
ROIC/WACC0.4
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 Y7.78%
EPS Next 2Y8.62%
EPS Next 3Y8.45%
EPS Next 5Y9.08%
Revenue 1Y (TTM)-0.7%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.04%
Revenue Next Year3.39%
Revenue Next 2Y5.96%
Revenue Next 3Y5.41%
Revenue Next 5Y8.93%
EBIT growth 1Y4.59%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year83.04%
EBIT Next 3Y38.01%
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%
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 7.78% 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%.