Overall ITRI gets a fundamental rating of 6 out of 10. We evaluated ITRI against 123 industry peers in the Electronic Equipment, Instruments & Components industry. While ITRI has a great profitability rating, there are some minor concerns on its financial health. ITRI is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make ITRI suitable for value investing!

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year ITRI was profitable.
In the past year ITRI had a positive cash flow from operations.
In multiple years ITRI reported negative net income over the last 5 years.
Each year in the past 5 years ITRI had a positive operating cash flow.

1.2 Ratios

ITRI's Return On Assets of 6.94% is amongst the best of the industry. ITRI outperforms 85.37% of its industry peers.
With an excellent Return On Equity value of 15.21%, ITRI belongs to the best of the industry, outperforming 82.11% of the companies in the same industry.
ITRI's Return On Invested Capital of 8.96% is fine compared to the rest of the industry. ITRI outperforms 78.86% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ITRI is below the industry average of 8.87%.
The last Return On Invested Capital (8.96%) for ITRI is above the 3 year average (5.07%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	6.94%
ROE	15.21%
ROIC	8.96%

ROA(3y)3.44%

ROA(5y)0.94%

ROE(3y)7.92%

ROE(5y)1.87%

ROIC(3y)5.07%

ROIC(5y)4.06%

1.3 Margins

With an excellent Profit Margin value of 10.69%, ITRI belongs to the best of the industry, outperforming 85.37% of the companies in the same industry.
ITRI's Profit Margin has improved in the last couple of years.
ITRI has a better Operating Margin (12.51%) than 81.30% of its industry peers.
ITRI's Operating Margin has improved in the last couple of years.
ITRI has a Gross Margin of 36.30%. This is comparable to the rest of the industry: ITRI outperforms 59.35% of its industry peers.
In the last couple of years the Gross Margin of ITRI has grown nicely.

		Industry Rank	Sector Rank
OM	12.51%
PM (TTM)	10.69%
GM	36.3%

OM growth 3Y76.32%

OM growth 5Y14.55%

PM growth 3YN/A

PM growth 5Y37.99%

GM growth 3Y5.93%

GM growth 5Y2.72%

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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) just above the Cost of Capital (WACC), ITRI is creating some value.
Compared to 1 year ago, ITRI has less shares outstanding
The number of shares outstanding for ITRI has been increased compared to 5 years ago.
Compared to 1 year ago, ITRI has a worse debt to assets ratio.

2.2 Solvency

An Altman-Z score of 2.63 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 2.63. This is in the lower half of the industry: ITRI underperforms 64.23% of its industry peers.
The Debt to FCF ratio of ITRI is 3.65, which is a good value as it means it would take ITRI, 3.65 years of fcf income to pay off all of its debts.
ITRI has a better Debt to FCF ratio (3.65) than 69.11% of its industry peers.
ITRI has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.47, ITRI is not doing good in the industry: 66.67% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
Debt/Equity	0.47
Debt/FCF	3.65
Altman-Z	2.63

ROIC/WACC1.2

WACC7.48%

2.3 Liquidity

ITRI has a Current Ratio of 2.17. This indicates that ITRI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.17, ITRI is in line with its industry, outperforming 43.90% of the companies in the same industry.
ITRI has a Quick Ratio of 1.91. This is a normal value and indicates that ITRI is financially healthy and should not expect problems in meeting its short term obligations.
ITRI has a Quick ratio (1.91) which is in line with its industry peers.

		Industry Rank	Sector Rank
Current Ratio	2.17
Quick Ratio	1.91

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 9.24% over the past year.
The Earnings Per Share has been growing by 11.11% on average over the past years. This is quite good.
The Revenue has been growing slightly by 0.14% in the past year.
The Revenue has been decreasing by -0.50% on average over the past years.

EPS 1Y (TTM)9.24%

EPS 3Y47.43%

EPS 5Y11.11%

EPS Q2Q%-16.3%

Revenue 1Y (TTM)0.14%

Revenue growth 3Y7.19%

Revenue growth 5Y-0.5%

Sales Q2Q%-5.5%

3.2 Future

ITRI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.57% yearly.
The Revenue is expected to grow by 4.99% on average over the next years.

EPS Next Y23.24%

EPS Next 2Y4.04%

EPS Next 3Y6.63%

EPS Next 5Y13.57%

Revenue Next Year-3.1%

Revenue Next 2Y0.66%

Revenue Next 3Y2.77%

Revenue Next 5Y4.99%

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

The Price/Earnings ratio is 16.42, which indicates a correct valuation of ITRI.
Based on the Price/Earnings ratio, ITRI is valued cheaply inside the industry as 84.55% of the companies are valued more expensively.
ITRI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.87.
With a Price/Forward Earnings ratio of 16.22, ITRI is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ITRI indicates a rather cheap valuation: ITRI is cheaper than 82.93% of the companies listed in the same industry.
ITRI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.96, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	16.42
Fwd PE	16.22

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ITRI is valued a bit cheaper than the industry average as 79.67% of the companies are valued more expensively.
91.06% of the companies in the same industry are more expensive than ITRI, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	13.27
EV/EBITDA	12.53

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 an outstanding profitability rating, which may justify a higher PE ratio.