ORMAT TECHNOLOGIES INC (ORA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ORA - US6866881021 - Common Stock
108.55 USD
+1.98 (+1.86%)
108.55 USD
0 (0%)
Overall ORA gets a fundamental rating of 4 out of 10. We evaluated ORA against 20 industry peers in the Independent Power and Renewable Electricity Producers industry. While ORA is still in line with the averages on profitability rating, there are concerns on its financial health. ORA is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ORA was profitable.
In the past year ORA had a positive cash flow from operations.
ORA had positive earnings in each of the past 5 years.
ORA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ORA has a better Return On Assets (2.19%) than 75.00% of its industry peers.
ORA has a Return On Equity (5.31%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 2.52%, ORA is in line with its industry, outperforming 60.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ORA is in line with the industry average of 4.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.19% | ||
| ROE | 5.31% | ||
| ROIC | 2.52% |
ROA(3y)2%
ROA(5y)1.92%
ROE(3y)4.67%
ROE(5y)4.42%
ROIC(3y)2.95%
ROIC(5y)3.25%
1.3 Margins
The Profit Margin of ORA (14.12%) is better than 80.00% of its industry peers.
ORA's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 18.71%, ORA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
ORA's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 28.32%, ORA is doing worse than 65.00% of the companies in the same industry.
In the last couple of years the Gross Margin of ORA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.71% | ||
| PM (TTM) | 14.12% | ||
| GM | 28.32% |
OM growth 3Y-8.17%
OM growth 5Y-5.33%
PM growth 3Y14.53%
PM growth 5Y3.56%
GM growth 3Y-8.05%
GM growth 5Y-3%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ORA is destroying value.
The number of shares outstanding for ORA has been increased compared to 1 year ago.
The number of shares outstanding for ORA has been increased compared to 5 years ago.
ORA has a worse debt/assets ratio than last year.
2.2 Solvency
ORA has an Altman-Z score of 1.53. This is a bad value and indicates that ORA is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.53, ORA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Debt/Equity ratio of 0.87 indicates that ORA is somewhat dependend on debt financing.
The Debt to Equity ratio of ORA (0.87) is better than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.53 |
ROIC/WACC0.33
WACC7.59%
2.3 Liquidity
ORA has a Current Ratio of 0.77. This is a bad value and indicates that ORA is not financially healthy enough and could expect problems in meeting its short term obligations.
ORA's Current ratio of 0.77 is in line compared to the rest of the industry. ORA outperforms 45.00% of its industry peers.
ORA has a Quick Ratio of 0.77. This is a bad value and indicates that ORA is not financially healthy enough and could expect problems in meeting its short term obligations.
ORA's Quick ratio of 0.67 is on the low side compared to the rest of the industry. ORA is outperformed by 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
ORA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.08%, which is quite good.
The Earnings Per Share has been growing slightly by 7.89% on average over the past years.
Looking at the last year, ORA shows a small growth in Revenue. The Revenue has grown by 6.07% in the last year.
The Revenue has been growing slightly by 3.35% on average over the past years.
EPS 1Y (TTM)15.08%
EPS 3Y15.39%
EPS 5Y7.89%
EPS Q2Q%13.89%
Revenue 1Y (TTM)6.07%
Revenue growth 3Y9.88%
Revenue growth 5Y3.35%
Sales Q2Q%17.92%
3.2 Future
ORA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.64% yearly.
ORA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.62% yearly.
EPS Next Y2.87%
EPS Next 2Y6.33%
EPS Next 3Y8.9%
EPS Next 5Y21.64%
Revenue Next Year8.6%
Revenue Next 2Y11.45%
Revenue Next 3Y9.77%
Revenue Next 5Y9.62%
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
ORA is valuated quite expensively with a Price/Earnings ratio of 47.40.
Based on the Price/Earnings ratio, ORA is valued a bit cheaper than 70.00% of the companies in the same industry.
ORA's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.47.
Based on the Price/Forward Earnings ratio of 45.29, the valuation of ORA can be described as expensive.
ORA's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 34.42. ORA is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.4 | ||
| Fwd PE | 45.29 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ORA is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.33 |
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)16.52
PEG (5Y)6.01
EPS Next 2Y6.33%
EPS Next 3Y8.9%
5. Dividend
5.1 Amount
With a yearly dividend of 0.45%, ORA is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.66, ORA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, ORA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
5.2 History
The dividend of ORA has a limited annual growth rate of 1.80%.
ORA has been paying a dividend for at least 10 years, so it has a reliable track record.
ORA has decreased its dividend recently.
Dividend Growth(5Y)1.8%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
21.81% of the earnings are spent on dividend by ORA. This is a low number and sustainable payout ratio.
ORA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP21.81%
EPS Next 2Y6.33%
EPS Next 3Y8.9%
108.55
+1.98 (+1.86%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners93.5%
Inst Owner Change-2.8%
Ins Owners0.34%
Ins Owner Change-2.18%
Market Cap6.59B
Revenue(TTM)944.25M
Net Income(TTM)133.37M
Analysts80
Price Target119.44 (10.03%)
Short Float %4.72%
Short Ratio4.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
Yearly Dividend0.48
Dividend Growth(5Y)1.8%
DP21.81%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.05%
Min EPS beat(2)8.9%
Max EPS beat(2)25.2%
EPS beat(4)4
Avg EPS beat(4)23.27%
Min EPS beat(4)8.9%
Max EPS beat(4)41.54%
EPS beat(8)7
Avg EPS beat(8)14.89%
EPS beat(12)11
Avg EPS beat(12)21.35%
EPS beat(16)15
Avg EPS beat(16)20.99%
Revenue beat(2)2
Avg Revenue beat(2)4.66%
Min Revenue beat(2)3.8%
Max Revenue beat(2)5.53%
Revenue beat(4)2
Avg Revenue beat(4)1.62%
Min Revenue beat(4)-2.84%
Max Revenue beat(4)5.53%
Revenue beat(8)3
Avg Revenue beat(8)0.35%
Revenue beat(12)4
Avg Revenue beat(12)-1.03%
Revenue beat(16)8
Avg Revenue beat(16)-0.03%
PT rev (1m)21.14%
PT rev (3m)22.83%
EPS NQ rev (1m)-3.84%
EPS NQ rev (3m)-7.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)-1.31%
Revenue NQ rev (3m)-1.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.4 | ||
| Fwd PE | 45.29 | ||
| P/S | 6.98 | ||
| P/FCF | N/A | ||
| P/OCF | 16.96 | ||
| P/B | 2.63 | ||
| P/tB | 3.2 | ||
| EV/EBITDA | 19.33 |
EPS(TTM)2.29
EY2.11%
EPS(NY)2.4
Fwd EY2.21%
FCF(TTM)-3.52
FCFYN/A
OCF(TTM)6.4
OCFY5.9%
SpS15.55
BVpS41.33
TBVpS33.93
PEG (NY)16.52
PEG (5Y)6.01
Graham Number46.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.19% | ||
| ROE | 5.31% | ||
| ROCE | 3.25% | ||
| ROIC | 2.52% | ||
| ROICexc | 2.56% | ||
| ROICexgc | 2.79% | ||
| OM | 18.71% | ||
| PM (TTM) | 14.12% | ||
| GM | 28.32% | ||
| FCFM | N/A |
ROA(3y)2%
ROA(5y)1.92%
ROE(3y)4.67%
ROE(5y)4.42%
ROIC(3y)2.95%
ROIC(5y)3.25%
ROICexc(3y)3.03%
ROICexc(5y)3.47%
ROICexgc(3y)3.34%
ROICexgc(5y)3.83%
ROCE(3y)3.78%
ROCE(5y)4.15%
ROICexgc growth 3Y-11.23%
ROICexgc growth 5Y-12.21%
ROICexc growth 3Y-10.01%
ROICexc growth 5Y-12.56%
OM growth 3Y-8.17%
OM growth 5Y-5.33%
PM growth 3Y14.53%
PM growth 5Y3.56%
GM growth 3Y-8.05%
GM growth 5Y-3%
F-Score5
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.75 | ||
| Cap/Depr | 211.5% | ||
| Cap/Sales | 63.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.22% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z | 1.53 |
F-Score5
WACC7.59%
ROIC/WACC0.33
Cap/Depr(3y)248.02%
Cap/Depr(5y)235.6%
Cap/Sales(3y)68.92%
Cap/Sales(5y)63.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.08%
EPS 3Y15.39%
EPS 5Y7.89%
EPS Q2Q%13.89%
EPS Next Y2.87%
EPS Next 2Y6.33%
EPS Next 3Y8.9%
EPS Next 5Y21.64%
Revenue 1Y (TTM)6.07%
Revenue growth 3Y9.88%
Revenue growth 5Y3.35%
Sales Q2Q%17.92%
Revenue Next Year8.6%
Revenue Next 2Y11.45%
Revenue Next 3Y9.77%
Revenue Next 5Y9.62%
EBIT growth 1Y0.2%
EBIT growth 3Y0.91%
EBIT growth 5Y-2.16%
EBIT Next Year185.08%
EBIT Next 3Y51.68%
EBIT Next 5Y36.93%
FCF growth 1Y40.44%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y58.66%
OCF growth 3Y16.66%
OCF growth 5Y11.68%
ORMAT TECHNOLOGIES INC / ORA FAQ
What is the ChartMill fundamental rating of ORMAT TECHNOLOGIES INC (ORA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ORA.
What is the valuation status of ORMAT TECHNOLOGIES INC (ORA) stock?
ChartMill assigns a valuation rating of 1 / 10 to ORMAT TECHNOLOGIES INC (ORA). This can be considered as Overvalued.
Can you provide the profitability details for ORMAT TECHNOLOGIES INC?
ORMAT TECHNOLOGIES INC (ORA) has a profitability rating of 5 / 10.
Can you provide the financial health for ORA stock?
The financial health rating of ORMAT TECHNOLOGIES INC (ORA) is 1 / 10.
Can you provide the dividend sustainability for ORA stock?
The dividend rating of ORMAT TECHNOLOGIES INC (ORA) is 5 / 10 and the dividend payout ratio is 21.81%.