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ITRON INC (ITRI) Stock Fundamental Analysis

NASDAQ:ITRI - Nasdaq - US4657411066 - Common Stock

105.36  +0.91 (+0.87%)

After market: 105.36 0 (0%)

Fundamental Rating

5

ITRI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 126 industry peers in the Electronic Equipment, Instruments & Components industry. While ITRI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ITRI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year ITRI was profitable.
ITRI had a positive operating cash flow in the past year.
In multiple years ITRI reported negative net income over the last 5 years.
In the past 5 years ITRI always reported a positive cash flow from operatings.
ITRI Yearly Net Income VS EBIT VS OCF VS FCFITRI 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 50M -50M 100M 150M

1.2 Ratios

ITRI has a better Return On Assets (6.70%) than 80.99% of its industry peers.
ITRI's Return On Equity of 16.72% is amongst the best of the industry. ITRI outperforms 85.12% of its industry peers.
With a decent Return On Invested Capital value of 7.00%, ITRI is doing good in the industry, outperforming 69.42% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ITRI is significantly below the industry average of 9.03%.
The last Return On Invested Capital (7.00%) for ITRI is above the 3 year average (2.99%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.7%
ROE 16.72%
ROIC 7%
ROA(3y)-0.03%
ROA(5y)-0.1%
ROE(3y)-0.24%
ROE(5y)-0.3%
ROIC(3y)2.99%
ROIC(5y)3.49%
ITRI Yearly ROA, ROE, ROICITRI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10

1.3 Margins

The Profit Margin of ITRI (9.37%) is better than 80.17% of its industry peers.
ITRI has a Operating Margin of 10.72%. This is amongst the best in the industry. ITRI outperforms 81.82% of its industry peers.
In the last couple of years the Operating Margin of ITRI has grown nicely.
ITRI has a Gross Margin (34.17%) which is comparable to the rest of the industry.
ITRI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 10.72%
PM (TTM) 9.37%
GM 34.17%
OM growth 3Y26.16%
OM growth 5Y47.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.83%
GM growth 5Y1.34%
ITRI Yearly Profit, Operating, Gross MarginsITRI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

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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 ITRI is destroying value.
ITRI has more shares outstanding than it did 1 year ago.
ITRI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ITRI has been reduced compared to a year ago.
ITRI Yearly Shares OutstandingITRI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
ITRI Yearly Total Debt VS Total AssetsITRI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

2.2 Solvency

An Altman-Z score of 2.71 indicates that ITRI is not a great score, but indicates only limited risk for bankruptcy at the moment.
ITRI has a Altman-Z score of 2.71. This is in the lower half of the industry: ITRI underperforms 61.16% of its industry peers.
The Debt to FCF ratio of ITRI is 7.02, which is on the high side as it means it would take ITRI, 7.02 years of fcf income to pay off all of its debts.
ITRI has a Debt to FCF ratio (7.02) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.92 indicates that ITRI is somewhat dependend on debt financing.
ITRI has a worse Debt to Equity ratio (0.92) than 88.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 7.02
Altman-Z 2.71
ROIC/WACC0.71
WACC9.83%
ITRI Yearly LT Debt VS Equity VS FCFITRI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

ITRI has a Current Ratio of 3.36. This indicates that ITRI is financially healthy and has no problem in meeting its short term obligations.
ITRI has a better Current ratio (3.36) than 64.46% of its industry peers.
ITRI has a Quick Ratio of 2.83. This indicates that ITRI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.83, ITRI is in the better half of the industry, outperforming 70.25% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.36
Quick Ratio 2.83
ITRI Yearly Current Assets VS Current LiabilitesITRI 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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5

3. Growth

3.1 Past

ITRI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.05%, which is quite impressive.
ITRI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.80% yearly.
ITRI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.53%.
ITRI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.77% yearly.
EPS 1Y (TTM)95.05%
EPS 3Y21.67%
EPS 5Y4.8%
EPS Q2Q%87.76%
Revenue 1Y (TTM)16.53%
Revenue growth 3Y0%
Revenue growth 5Y-1.77%
Sales Q2Q%9.75%

3.2 Future

The Earnings Per Share is expected to grow by 23.35% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.07% on average over the next years.
EPS Next Y61.58%
EPS Next 2Y23.26%
EPS Next 3Y20.72%
EPS Next 5Y23.35%
Revenue Next Year12.26%
Revenue Next 2Y6.42%
Revenue Next 3Y6.16%
Revenue Next 5Y7.07%

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.
ITRI Yearly Revenue VS EstimatesITRI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
ITRI Yearly EPS VS EstimatesITRI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 19.09, ITRI is valued on the expensive side.
Based on the Price/Earnings ratio, ITRI is valued cheaper than 81.82% of the companies in the same industry.
ITRI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.96.
The Price/Forward Earnings ratio is 20.70, which indicates a rather expensive current valuation of ITRI.
Based on the Price/Forward Earnings ratio, ITRI is valued a bit cheaper than 71.07% of the companies in the same industry.
ITRI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.11.
Industry RankSector Rank
PE 19.09
Fwd PE 20.7
ITRI Price Earnings VS Forward Price EarningsITRI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

ITRI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ITRI is cheaper than 67.77% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ITRI indicates a somewhat cheap valuation: ITRI is cheaper than 70.25% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 26.88
EV/EBITDA 15.9
ITRI Per share dataITRI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ITRI has a very decent profitability rating, which may justify a higher PE ratio.
ITRI's earnings are expected to grow with 20.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)3.98
EPS Next 2Y23.26%
EPS Next 3Y20.72%

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0

5. Dividend

5.1 Amount

ITRI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ITRON INC

NASDAQ:ITRI (1/17/2025, 8:09:00 PM)

After market: 105.36 0 (0%)

105.36

+0.91 (+0.87%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)10-31 2024-10-31/bmo
Earnings (Next)N/A N/A
Inst Owners111.68%
Inst Owner Change0%
Ins Owners0.84%
Ins Owner Change0.03%
Market Cap4.75B
Analysts81.82
Price Target130.17 (23.55%)
Short Float %7.11%
Short Ratio6.5
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.97%
Min EPS beat(2)23.98%
Max EPS beat(2)59.95%
EPS beat(4)4
Avg EPS beat(4)47.26%
Min EPS beat(4)23.98%
Max EPS beat(4)60.04%
EPS beat(8)8
Avg EPS beat(8)180.33%
EPS beat(12)11
Avg EPS beat(12)141.4%
EPS beat(16)14
Avg EPS beat(16)112.83%
Revenue beat(2)1
Avg Revenue beat(2)0.42%
Min Revenue beat(2)-0.42%
Max Revenue beat(2)1.25%
Revenue beat(4)2
Avg Revenue beat(4)0.54%
Min Revenue beat(4)-0.77%
Max Revenue beat(4)2.09%
Revenue beat(8)6
Avg Revenue beat(8)2.11%
Revenue beat(12)6
Avg Revenue beat(12)-1.43%
Revenue beat(16)6
Avg Revenue beat(16)-3.23%
PT rev (1m)0.3%
PT rev (3m)4.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.15%
EPS NY rev (1m)0%
EPS NY rev (3m)15.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.02%
Valuation
Industry RankSector Rank
PE 19.09
Fwd PE 20.7
P/S 1.98
P/FCF 26.88
P/OCF 23.04
P/B 3.52
P/tB 20.97
EV/EBITDA 15.9
EPS(TTM)5.52
EY5.24%
EPS(NY)5.09
Fwd EY4.83%
FCF(TTM)3.92
FCFY3.72%
OCF(TTM)4.57
OCFY4.34%
SpS53.34
BVpS29.9
TBVpS5.03
PEG (NY)0.31
PEG (5Y)3.98
Profitability
Industry RankSector Rank
ROA 6.7%
ROE 16.72%
ROCE 9.06%
ROIC 7%
ROICexc 10.69%
ROICexgc 26.9%
OM 10.72%
PM (TTM) 9.37%
GM 34.17%
FCFM 7.35%
ROA(3y)-0.03%
ROA(5y)-0.1%
ROE(3y)-0.24%
ROE(5y)-0.3%
ROIC(3y)2.99%
ROIC(5y)3.49%
ROICexc(3y)3.44%
ROICexc(5y)3.92%
ROICexgc(3y)9.53%
ROICexgc(5y)11.59%
ROCE(3y)3.87%
ROCE(5y)4.53%
ROICexcg growth 3Y20.84%
ROICexcg growth 5Y34.34%
ROICexc growth 3Y28.17%
ROICexc growth 5Y45.69%
OM growth 3Y26.16%
OM growth 5Y47.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.83%
GM growth 5Y1.34%
F-Score6
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 7.02
Debt/EBITDA 3.97
Cap/Depr 53.82%
Cap/Sales 1.22%
Interest Coverage 60.04
Cash Conversion 65.98%
Profit Quality 78.42%
Current Ratio 3.36
Quick Ratio 2.83
Altman-Z 2.71
F-Score6
WACC9.83%
ROIC/WACC0.71
Cap/Depr(3y)39.64%
Cap/Depr(5y)43.89%
Cap/Sales(3y)1.36%
Cap/Sales(5y)1.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)95.05%
EPS 3Y21.67%
EPS 5Y4.8%
EPS Q2Q%87.76%
EPS Next Y61.58%
EPS Next 2Y23.26%
EPS Next 3Y20.72%
EPS Next 5Y23.35%
Revenue 1Y (TTM)16.53%
Revenue growth 3Y0%
Revenue growth 5Y-1.77%
Sales Q2Q%9.75%
Revenue Next Year12.26%
Revenue Next 2Y6.42%
Revenue Next 3Y6.16%
Revenue Next 5Y7.07%
EBIT growth 1Y102.51%
EBIT growth 3Y26.17%
EBIT growth 5Y44.55%
EBIT Next Year156.5%
EBIT Next 3Y46.44%
EBIT Next 5Y38.49%
FCF growth 1Y801.71%
FCF growth 3Y15.72%
FCF growth 5Y14.52%
OCF growth 1Y398.06%
OCF growth 3Y4.5%
OCF growth 5Y2.62%