We assign a fundamental rating of 4 out of 10 to IDA. IDA was compared to 46 industry peers in the Electric Utilities industry. IDA has a medium profitability rating, but doesn't score so well on its financial health evaluation. IDA is quite expensive at the moment. It does show a decent growth rate.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year IDA was profitable.
In the past year IDA had a positive cash flow from operations.
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

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.
The Return On Equity of IDA (9.13%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 2.94%, IDA is not doing good in the industry: 80.43% of the companies in the same industry are doing better.
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 4.57%.

		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

The Profit Margin of IDA (17.59%) is better than 89.13% 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 60.87% 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 71.74% 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IDA 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

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.
With a decent Altman-Z score value of 1.27, IDA is doing good in the industry, outperforming 78.26% of the companies in the same industry.
IDA has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.02, IDA is in the better half of the industry, outperforming 71.74% of the companies in the same industry.

		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.
IDA's Current ratio of 1.08 is amongst the best of the industry. IDA outperforms 80.43% 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 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

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 7.98% 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.
Looking at the last year, IDA shows a decrease in Revenue. The Revenue has decreased by -1.88% in the last year.
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

IDA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.34% yearly.
Based on estimates for the next years, IDA will show a small growth in Revenue. The Revenue will grow by 7.57% on average per year.

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

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.
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

A Price/Earnings ratio of 22.82 indicates a rather expensive valuation of IDA.
76.09% of the companies in the same industry are cheaper than IDA, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.30, 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.
IDA's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.57.

		Industry Rank	Sector Rank
PE	22.82
Fwd PE	20.61

4.2 Price Multiples

78.26% 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	17.73

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 2.63%, IDA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.90, IDA is paying slightly less dividend.
IDA's Dividend Yield is a higher than the S&P500 average which is at 1.82.

		Industry Rank	Sector Rank
Dividend Yield	2.63%

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.
IDA's earnings are growing more than its dividend. This makes the dividend growth 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.