IDACORP INC (IDA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IDA - US4511071064 - Common Stock
126.81 USD
+0.34 (+0.27%)
126.81 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to IDA. IDA was compared to 48 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.
IDA had a positive operating cash flow in the past year.
Each year in the past 5 years IDA has been profitable.
Each year in the past 5 years IDA had a positive operating cash flow.
1.2 Ratios
The Return On Assets of IDA (3.15%) is better than 64.58% of its industry peers.
With a Return On Equity value of 9.13%, IDA is not doing good in the industry: 60.42% of the companies in the same industry are doing better.
IDA has a worse Return On Invested Capital (2.94%) than 83.33% 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 4.92%.
| 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
Looking at the Profit Margin, with a value of 17.59%, IDA belongs to the top of the industry, outperforming 89.58% of the companies in the same industry.
IDA's Profit Margin has declined in the last couple of years.
IDA has a worse Operating Margin (18.92%) than 60.42% of its industry peers.
IDA's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 78.55%, IDA is doing good in the industry, outperforming 70.83% of the companies in the same industry.
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
IDA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
IDA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, IDA has more shares outstanding
The debt/assets ratio for IDA has been reduced compared to a year ago.
2.2 Solvency
IDA has an Altman-Z score of 1.24. This is a bad value and indicates that IDA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of IDA (1.24) is better than 72.92% 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 has a better Debt to Equity ratio (1.02) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.24 |
ROIC/WACC0.42
WACC7.02%
2.3 Liquidity
IDA has a Current Ratio of 1.08. This is a normal value and indicates that IDA is financially healthy and should not expect problems in meeting its short term obligations.
IDA's Current ratio of 1.08 is fine compared to the rest of the industry. IDA outperforms 75.00% of its industry peers.
A Quick Ratio of 0.82 indicates that IDA may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.82, IDA is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.82 |
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.
IDA shows a decrease in Revenue. In the last year, the revenue decreased by -1.88%.
Measured over the past years, IDA shows a small growth in Revenue. The Revenue has been growing by 6.29% on average per year.
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 2Y8.43%
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
A Price/Earnings ratio of 21.79 indicates a rather expensive valuation of IDA.
Based on the Price/Earnings ratio, IDA is valued a bit more expensive than 77.08% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.46. IDA is around the same levels.
A Price/Forward Earnings ratio of 19.68 indicates a rather expensive valuation of IDA.
Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than the industry average as 72.92% of the companies are valued more cheaply.
IDA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.79 | ||
| Fwd PE | 19.68 |
4.2 Price Multiples
81.25% of the companies in the same industry are cheaper than IDA, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.2 |
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)2.83
PEG (5Y)6.12
EPS Next 2Y8.43%
EPS Next 3Y8.55%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.78%, IDA has a reasonable but not impressive dividend return.
IDA's Dividend Yield is slightly below the industry average, which is at 3.41.
IDA's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
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.
IDA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.98%
EPS Next 2Y8.43%
EPS Next 3Y8.55%
126.81
+0.34 (+0.27%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners102.69%
Inst Owner Change0.23%
Ins Owners0.36%
Ins Owner Change0.1%
Market Cap6.85B
Revenue(TTM)1.81B
Net Income(TTM)317.74M
Analysts81.67
Price Target143.82 (13.41%)
Short Float %6.74%
Short Ratio8.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.78% |
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)5%
PT rev (3m)7.13%
EPS NQ rev (1m)0.11%
EPS NQ rev (3m)7.7%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)-0.02%
Revenue NQ rev (1m)5.85%
Revenue NQ rev (3m)20.03%
Revenue NY rev (1m)1.46%
Revenue NY rev (3m)1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.79 | ||
| Fwd PE | 19.68 | ||
| P/S | 3.8 | ||
| P/FCF | N/A | ||
| P/OCF | 11.41 | ||
| P/B | 1.97 | ||
| P/tB | 1.97 | ||
| EV/EBITDA | 17.2 |
EPS(TTM)5.82
EY4.59%
EPS(NY)6.44
Fwd EY5.08%
FCF(TTM)-7.59
FCFYN/A
OCF(TTM)11.11
OCFY8.76%
SpS33.41
BVpS64.4
TBVpS64.4
PEG (NY)2.83
PEG (5Y)6.12
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 | 1.24 |
F-Score5
WACC7.02%
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 2Y8.43%
EPS Next 3Y8.55%
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 Year83.04%
EBIT Next 3Y38.01%
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 5 / 10 and the dividend payout ratio is 58.98%.