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IDACORP INC (IDA) Stock Fundamental Analysis

NYSE:IDA - New York Stock Exchange, Inc. - US4511071064 - Common Stock - Currency: USD

114.2  +1.48 (+1.31%)

After market: 113.95 -0.25 (-0.22%)

Fundamental Rating

4

Overall IDA gets a fundamental rating of 4 out of 10. We evaluated IDA against 47 industry peers in the Electric Utilities industry. IDA has only an average score on both its financial health and profitability. IDA does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year IDA was profitable.
IDA had a positive operating cash flow in the past year.
Of the past 5 years IDA 4 years were profitable.
Of the past 5 years IDA 4 years had a positive operating cash flow.
IDA Yearly Net Income VS EBIT VS OCF VS FCFIDA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M

1.2 Ratios

With a decent Return On Assets value of 3.10%, IDA is doing good in the industry, outperforming 63.16% of the companies in the same industry.
With a Return On Equity value of 8.64%, IDA is not doing good in the industry: 60.53% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 3.38%, IDA is not doing good in the industry: 73.68% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for IDA is in line with the industry average of 4.62%.
Industry RankSector Rank
ROA 3.1%
ROE 8.64%
ROIC 3.38%
ROA(3y)3.31%
ROA(5y)3.35%
ROE(3y)9.14%
ROE(5y)9.23%
ROIC(3y)3.76%
ROIC(5y)3.9%
IDA Yearly ROA, ROE, ROICIDA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8

1.3 Margins

Looking at the Profit Margin, with a value of 15.35%, IDA is in the better half of the industry, outperforming 71.05% of the companies in the same industry.
IDA's Profit Margin has declined in the last couple of years.
The Operating Margin of IDA (17.57%) is worse than 71.05% of its industry peers.
IDA's Operating Margin has been stable in the last couple of years.
IDA has a Gross Margin of 77.29%. This is in the better half of the industry: IDA outperforms 68.42% of its industry peers.
IDA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 17.57%
PM (TTM) 15.35%
GM 77.29%
OM growth 3Y-6.23%
OM growth 5Y-0.02%
PM growth 3Y-5.6%
PM growth 5Y-2.22%
GM growth 3Y-2.6%
GM growth 5Y-1.5%
IDA Yearly Profit, Operating, Gross MarginsIDA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IDA is destroying value.
There is no outstanding debt for IDA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
IDA Yearly Shares OutstandingIDA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
IDA Yearly Total Debt VS Total AssetsIDA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

IDA has an Altman-Z score of 1.33. This is a bad value and indicates that IDA is not financially healthy and even has some risk of bankruptcy.
IDA's Altman-Z score of 1.33 is amongst the best of the industry. IDA outperforms 81.58% of its industry peers.
IDA has a Debt/Equity ratio of 0.93. This is a neutral value indicating IDA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.93, IDA is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF N/A
Altman-Z 1.33
ROIC/WACC0.46
WACC7.42%
IDA Yearly LT Debt VS Equity VS FCFIDA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B

2.3 Liquidity

IDA has a Current Ratio of 1.70. 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 Current ratio, with a value of 1.70, IDA belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
A Quick Ratio of 1.34 indicates that IDA should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.34, IDA belongs to the best of the industry, outperforming 81.58% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.7
Quick Ratio 1.34
IDA Yearly Current Assets VS Current LiabilitesIDA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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3

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.61% over the past year.
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.
EPS 1Y (TTM)6.61%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%14.75%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.36%

3.2 Future

The Earnings Per Share is expected to grow by 7.59% on average over the next years.
The Revenue is expected to grow by 5.87% on average over the next years.
EPS Next Y7.81%
EPS Next 2Y8.67%
EPS Next 3Y7.46%
EPS Next 5Y7.59%
Revenue Next Year5.92%
Revenue Next 2Y6.11%
Revenue Next 3Y8.2%
Revenue Next 5Y5.87%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
IDA Yearly Revenue VS EstimatesIDA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
IDA Yearly EPS VS EstimatesIDA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6

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1

4. Valuation

4.1 Price/Earnings Ratio

IDA is valuated rather expensively with a Price/Earnings ratio of 20.84.
IDA's Price/Earnings ratio is a bit more expensive when compared to the industry. IDA is more expensive than 68.42% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.62, IDA is valued a bit cheaper.
IDA is valuated rather expensively with a Price/Forward Earnings ratio of 19.33.
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 63.16% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. IDA is around the same levels.
Industry RankSector Rank
PE 20.84
Fwd PE 19.33
IDA Price Earnings VS Forward Price EarningsIDA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, IDA is valued a bit more expensive than the industry average as 73.68% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 16.1
IDA Per share dataIDA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

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)2.67
PEG (5Y)5.85
EPS Next 2Y8.67%
EPS Next 3Y7.46%

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6

5. Dividend

5.1 Amount

IDA has a Yearly Dividend Yield of 3.05%. Purely for dividend investing, there may be better candidates out there.
IDA's Dividend Yield is slightly below the industry average, which is at 3.50.
Compared to an average S&P500 Dividend Yield of 2.27, IDA pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.05%

5.2 History

On average, the dividend of IDA grows each year by 6.05%, which is quite nice.
IDA has paid a dividend for at least 10 years, which is 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)6.05%
Div Incr Years13
Div Non Decr Years20
IDA Yearly Dividends per shareIDA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

IDA pays out 60.91% 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.
DP60.91%
EPS Next 2Y8.67%
EPS Next 3Y7.46%
IDA Yearly Income VS Free CF VS DividendIDA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M
IDA Dividend Payout.IDA Dividend Payout, showing the Payout Ratio.IDA Dividend Payout.PayoutRetained Earnings

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IDACORP INC

NYSE:IDA (2/21/2025, 8:27:36 PM)

After market: 113.95 -0.25 (-0.22%)

114.2

+1.48 (+1.31%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-20 2025-02-20/bmo
Earnings (Next)04-30 2025-04-30/bmo
Inst Owners88.36%
Inst Owner Change-82.87%
Ins Owners0.36%
Ins Owner Change0.98%
Market Cap6.08B
Analysts78.33
Price Target121.51 (6.4%)
Short Float %2.02%
Short Ratio3.77
Dividend
Industry RankSector Rank
Dividend Yield 3.05%
Yearly Dividend3.23
Dividend Growth(5Y)6.05%
DP60.91%
Div Incr Years13
Div Non Decr Years20
Ex-Date02-05 2025-02-05 (0.86)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.88%
Min EPS beat(2)-3.59%
Max EPS beat(2)23.36%
EPS beat(4)2
Avg EPS beat(4)0.55%
Min EPS beat(4)-18.49%
Max EPS beat(4)23.36%
EPS beat(8)5
Avg EPS beat(8)4.14%
EPS beat(12)7
Avg EPS beat(12)4.29%
EPS beat(16)10
Avg EPS beat(16)4.76%
Revenue beat(2)1
Avg Revenue beat(2)-7.63%
Min Revenue beat(2)-16.71%
Max Revenue beat(2)1.46%
Revenue beat(4)3
Avg Revenue beat(4)13.29%
Min Revenue beat(4)-16.71%
Max Revenue beat(4)55.59%
Revenue beat(8)6
Avg Revenue beat(8)19.05%
Revenue beat(12)10
Avg Revenue beat(12)17.8%
Revenue beat(16)14
Avg Revenue beat(16)15.58%
PT rev (1m)0.74%
PT rev (3m)2.14%
EPS NQ rev (1m)1.24%
EPS NQ rev (3m)2.48%
EPS NY rev (1m)0.09%
EPS NY rev (3m)0.13%
Revenue NQ rev (1m)-11.83%
Revenue NQ rev (3m)-11.83%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-1.28%
Valuation
Industry RankSector Rank
PE 20.84
Fwd PE 19.33
P/S 3.31
P/FCF N/A
P/OCF 10.81
P/B 1.86
P/tB 1.86
EV/EBITDA 16.1
EPS(TTM)5.48
EY4.8%
EPS(NY)5.91
Fwd EY5.17%
FCF(TTM)-8.35
FCFYN/A
OCF(TTM)10.57
OCFY9.25%
SpS34.55
BVpS61.38
TBVpS61.38
PEG (NY)2.67
PEG (5Y)5.85
Profitability
Industry RankSector Rank
ROA 3.1%
ROE 8.64%
ROCE 3.8%
ROIC 3.38%
ROICexc 3.56%
ROICexgc 3.56%
OM 17.57%
PM (TTM) 15.35%
GM 77.29%
FCFM N/A
ROA(3y)3.31%
ROA(5y)3.35%
ROE(3y)9.14%
ROE(5y)9.23%
ROIC(3y)3.76%
ROIC(5y)3.9%
ROICexc(3y)3.89%
ROICexc(5y)4.05%
ROICexgc(3y)3.89%
ROICexgc(5y)4.05%
ROCE(3y)4.23%
ROCE(5y)4.39%
ROICexcg growth 3Y-2.26%
ROICexcg growth 5Y0.06%
ROICexc growth 3Y-2.26%
ROICexc growth 5Y0.06%
OM growth 3Y-6.23%
OM growth 5Y-0.02%
PM growth 3Y-5.6%
PM growth 5Y-2.22%
GM growth 3Y-2.6%
GM growth 5Y-1.5%
F-Score5
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF N/A
Debt/EBITDA 5.6
Cap/Depr 454.19%
Cap/Sales 54.76%
Interest Coverage 3.12
Cash Conversion 103.25%
Profit Quality N/A
Current Ratio 1.7
Quick Ratio 1.34
Altman-Z 1.33
F-Score5
WACC7.42%
ROIC/WACC0.46
Cap/Depr(3y)240.71%
Cap/Depr(5y)211.85%
Cap/Sales(3y)27.16%
Cap/Sales(5y)25.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.61%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%14.75%
EPS Next Y7.81%
EPS Next 2Y8.67%
EPS Next 3Y7.46%
EPS Next 5Y7.59%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.36%
Revenue Next Year5.92%
Revenue Next 2Y6.11%
Revenue Next 3Y8.2%
Revenue Next 5Y5.87%
EBIT growth 1Y-3.04%
EBIT growth 3Y2.55%
EBIT growth 5Y5.18%
EBIT Next Year73.7%
EBIT Next 3Y33.27%
EBIT Next 5Y25.87%
FCF growth 1Y-459.62%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y71.18%
OCF growth 3Y-11.72%
OCF growth 5Y-11.49%