IDACORP INC (IDA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IDA - US4511071064 - Common Stock
127.71 USD
+0.45 (+0.35%)
127.71 USD
0 (0%)
Taking everything into account, IDA scores 4 out of 10 in our fundamental rating. IDA was compared to 47 industry peers in the Electric Utilities industry. IDA has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
IDA had a positive operating cash flow in the past year.
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
IDA has a Return On Assets of 3.15%. This is in the better half of the industry: IDA outperforms 61.70% of its industry peers.
IDA's Return On Equity of 9.13% is on the low side compared to the rest of the industry. IDA is outperformed by 61.70% of its industry peers.
The Return On Invested Capital of IDA (2.94%) is worse than 82.98% of its industry peers.
IDA had an Average Return On Invested Capital over the past 3 years of 3.38%. This is in line with the industry average of 5.04%.
| 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 89.36% of its industry peers.
IDA's Profit Margin has declined in the last couple of years.
IDA's Operating Margin of 18.92% is on the low side compared to the rest of the industry. IDA is outperformed by 61.70% of its industry peers.
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 72.34% 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 | 18.92% | ||
| 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.
IDA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IDA has an improved debt to assets ratio.
2.2 Solvency
IDA has an Altman-Z score of 1.25. 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 1.25 is fine compared to the rest of the industry. IDA outperforms 74.47% of its industry peers.
A Debt/Equity ratio of 1.02 is on the high side and indicates that IDA has dependencies on debt financing.
With a decent Debt to Equity ratio value of 1.02, IDA is doing good in the industry, outperforming 68.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.25 |
ROIC/WACC0.42
WACC7.05%
2.3 Liquidity
A Current Ratio of 1.08 indicates that IDA should not have too much problems paying its short term obligations.
IDA has a better Current ratio (1.08) than 76.60% of its industry peers.
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 better Quick ratio (0.82) than 61.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.98% over the past year.
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.
The Revenue has been growing slightly by 6.29% on average over the past years.
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 8.33% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.57% on average over the next years.
EPS Next Y7.71%
EPS Next 2Y8.41%
EPS Next 3Y8.51%
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
IDA is valuated rather expensively with a Price/Earnings ratio of 21.94.
Based on the Price/Earnings ratio, IDA is valued more expensive than 80.85% of the companies in the same industry.
IDA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.83, the valuation of IDA can be described as rather expensive.
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 76.60% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of IDA to the average of the S&P500 Index (24.03), we can say IDA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.94 | ||
| Fwd PE | 19.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IDA is valued expensively inside the industry as 80.85% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.32 |
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)2.85
PEG (5Y)6.16
EPS Next 2Y8.41%
EPS Next 3Y8.51%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.76%, IDA has a reasonable but not impressive dividend return.
IDA's Dividend Yield is slightly below the industry average, which is at 2.95.
IDA's Dividend Yield is a higher than the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
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
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 2Y8.41%
EPS Next 3Y8.51%
127.71
+0.45 (+0.35%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners102.69%
Inst Owner Change0.24%
Ins Owners0.36%
Ins Owner Change0%
Market Cap6.90B
Revenue(TTM)1.81B
Net Income(TTM)317.74M
Analysts81.67
Price TargetN/A
Short Float %7.22%
Short Ratio9.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
Yearly Dividend3.38
Dividend Growth(5Y)5.58%
DP58.98%
Div Incr Years13
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.43%
Min EPS beat(2)-2.01%
Max EPS beat(2)-0.85%
EPS beat(4)2
Avg EPS beat(4)2.91%
Min EPS beat(4)-2.01%
Max EPS beat(4)10.64%
EPS beat(8)4
Avg EPS beat(8)1.73%
EPS beat(12)7
Avg EPS beat(12)3.73%
EPS beat(16)9
Avg EPS beat(16)3.95%
Revenue beat(2)0
Avg Revenue beat(2)-18.72%
Min Revenue beat(2)-21.49%
Max Revenue beat(2)-15.95%
Revenue beat(4)1
Avg Revenue beat(4)-9.63%
Min Revenue beat(4)-21.49%
Max Revenue beat(4)1.15%
Revenue beat(8)4
Avg Revenue beat(8)1.83%
Revenue beat(12)7
Avg Revenue beat(12)9.49%
Revenue beat(16)11
Avg Revenue beat(16)10.94%
PT rev (1m)0.09%
PT rev (3m)6.28%
EPS NQ rev (1m)0.4%
EPS NQ rev (3m)8.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)20.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.94 | ||
| Fwd PE | 19.83 | ||
| P/S | 3.82 | ||
| P/FCF | N/A | ||
| P/OCF | 11.49 | ||
| P/B | 1.98 | ||
| P/tB | 1.98 | ||
| EV/EBITDA | 17.32 |
EPS(TTM)5.82
EY4.56%
EPS(NY)6.44
Fwd EY5.04%
FCF(TTM)-7.59
FCFYN/A
OCF(TTM)11.11
OCFY8.7%
SpS33.41
BVpS64.4
TBVpS64.4
PEG (NY)2.85
PEG (5Y)6.16
Graham Number91.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.15% | ||
| ROE | 9.13% | ||
| ROCE | 3.72% | ||
| ROIC | 2.94% | ||
| ROICexc | 3.05% | ||
| ROICexgc | 3.05% | ||
| OM | 18.92% | ||
| PM (TTM) | 17.59% | ||
| GM | 78.55% | ||
| 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-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6 | ||
| Cap/Depr | 404.68% | ||
| Cap/Sales | 55.96% | ||
| Interest Coverage | 2.52 | ||
| Cash Conversion | 101.55% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 1.25 |
F-Score5
WACC7.05%
ROIC/WACC0.42
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 2Y8.41%
EPS Next 3Y8.51%
EPS Next 5Y8.33%
Revenue 1Y (TTM)-1.88%
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 1Y5.63%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year88.89%
EBIT Next 3Y38.76%
EBIT Next 5Y27.55%
FCF growth 1Y-32.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y145.8%
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 6 / 10 and the dividend payout ratio is 58.98%.