IDACORP INC (IDA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IDA - US4511071064 - Common Stock
133.12 USD
-1.04 (-0.78%)
IDA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 46 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.
- Each year in the past 5 years IDA has been profitable.
- 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 65.22% of its industry peers.
- IDA's Return On Equity of 9.13% is in line compared to the rest of the industry. IDA outperforms 41.30% of its industry peers.
- IDA has a worse Return On Invested Capital (2.94%) than 80.43% 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 4.58%.
| 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.
- Looking at the Operating Margin, with a value of 18.92%, IDA is doing worse than 60.87% of the companies in the same industry.
- 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.
- IDA's Gross Margin has been stable in the last couple of years.
| 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 1.28. 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 1.28 is fine compared to the rest of the industry. IDA outperforms 78.26% 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.
- IDA has a better Debt to Equity ratio (1.02) than 71.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.28 |
ROIC/WACC0.41
WACC7.14%
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 Current ratio of 1.08. This is amongst the best in the industry. IDA outperforms 80.43% of its industry peers.
- A Quick Ratio of 0.82 indicates that IDA may have some problems paying 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 |
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.
- The Revenue has decreased by -1.88% in the past 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
- 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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- IDA is valuated rather expensively with a Price/Earnings ratio of 22.87.
- Based on the Price/Earnings ratio, IDA is valued a bit more expensive than the industry average as 76.09% of the companies are valued more cheaply.
- IDA is valuated rather cheaply when we compare the Price/Earnings ratio to 28.82, which is the current average of the S&P500 Index.
- IDA is valuated rather expensively with a Price/Forward Earnings ratio of 20.66.
- Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than the industry average as 76.09% of the companies are valued more cheaply.
- The average S&P500 Price/Forward Earnings ratio is at 25.95. IDA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.87 | ||
| Fwd PE | 20.66 |
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 | 17.91 |
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)2.91
PEG (5Y)6.42
EPS Next 2Y8.42%
EPS Next 3Y8.55%
5. Dividend
5.1 Amount
- IDA has a Yearly Dividend Yield of 2.63%. Purely for dividend investing, there may be better candidates out there.
- 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 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
- IDA pays out 58.98% of its income as dividend. 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%
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 22.87 and the Price/Book (PB) ratio is 2.07.
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.