ORMAT TECHNOLOGIES INC (ORA) Stock Fundamental Analysis
USA - NYSE:ORA - US6866881021 - Common Stock
106.34 USD
+1.66 (+1.59%)
106.34 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. There are concerns on the financial health of ORA while its profitability can be described as average. While showing a medium growth rate, ORA is valued expensive at the moment.
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.
In the past 5 years ORA always reported a positive cash flow from operatings.
1.2 Ratios
ORA has a better Return On Assets (2.18%) than 80.00% of its industry peers.
The Return On Equity of ORA (5.27%) is better than 65.00% of its industry peers.
With a Return On Invested Capital value of 2.53%, ORA perfoms like the industry average, outperforming 55.00% of the companies in the same industry.
ORA had an Average Return On Invested Capital over the past 3 years of 2.95%. This is in line with the industry average of 4.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.18% | ||
| ROE | 5.27% | ||
| ROIC | 2.53% |
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 (14.49%) is better than 85.00% of its industry peers.
In the last couple of years the Profit Margin of ORA has grown nicely.
Looking at the Operating Margin, with a value of 19.00%, ORA is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
ORA's Operating Margin has declined in the last couple of years.
ORA's Gross Margin of 28.94% is on the low side compared to the rest of the industry. ORA is outperformed by 70.00% of its industry peers.
In the last couple of years the Gross Margin of ORA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19% | ||
| PM (TTM) | 14.49% | ||
| GM | 28.94% |
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
ORA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ORA has more shares outstanding
Compared to 5 years ago, ORA has more shares outstanding
ORA has a worse debt/assets ratio than last year.
2.2 Solvency
ORA has an Altman-Z score of 1.50. 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 1.50, ORA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
ORA has a Debt/Equity ratio of 0.85. This is a neutral value indicating ORA is somewhat dependend on debt financing.
ORA's Debt to Equity ratio of 0.85 is fine compared to the rest of the industry. ORA outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.5 |
ROIC/WACC0.34
WACC7.54%
2.3 Liquidity
ORA has a Current Ratio of 0.70. 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 has a Current ratio of 0.70. This is in the lower half of the industry: ORA underperforms 70.00% of its industry peers.
A Quick Ratio of 0.62 indicates that ORA may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.62, ORA is doing worse than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
ORA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.90%.
ORA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.89% yearly.
ORA shows a small growth in Revenue. In the last year, the Revenue has grown by 2.23%.
The Revenue has been growing slightly by 3.35% on average over the past years.
EPS 1Y (TTM)0.9%
EPS 3Y15.39%
EPS 5Y7.89%
EPS Q2Q%20%
Revenue 1Y (TTM)2.23%
Revenue growth 3Y9.88%
Revenue growth 5Y3.35%
Sales Q2Q%9.89%
3.2 Future
Based on estimates for the next years, ORA will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.00% on average per year.
ORA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.16% yearly.
EPS Next Y2.87%
EPS Next 2Y6.33%
EPS Next 3Y8.9%
EPS Next 5Y19%
Revenue Next Year8.6%
Revenue Next 2Y11.65%
Revenue Next 3Y9.77%
Revenue Next 5Y9.16%
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
With a Price/Earnings ratio of 47.47, ORA can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ORA is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.89. ORA is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 44.36, the valuation of ORA can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ORA indicates a somewhat cheap valuation: ORA is cheaper than 65.00% of the companies listed in the same industry.
ORA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.47 | ||
| Fwd PE | 44.36 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ORA.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.5 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ORA does not grow enough to justify the current Price/Earnings ratio.
ORA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)16.54
PEG (5Y)6.01
EPS Next 2Y6.33%
EPS Next 3Y8.9%
5. Dividend
5.1 Amount
ORA has a yearly dividend return of 0.46%, which is pretty low.
ORA's Dividend Yield is comparable with the industry average which is at 4.71.
Compared to an average S&P500 Dividend Yield of 2.31, ORA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
5.2 History
The dividend of ORA has a limited annual growth rate of 1.80%.
ORA has paid a dividend for at least 10 years, which is 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
ORA pays out 22.14% of its income as dividend. This is a sustainable payout ratio.
ORA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP22.14%
EPS Next 2Y6.33%
EPS Next 3Y8.9%
106.34
+1.66 (+1.59%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners93.5%
Inst Owner Change0.02%
Ins Owners0.34%
Ins Owner Change-0.46%
Market Cap6.46B
Revenue(TTM)906.30M
Net Income(TTM)131.31M
Analysts80
Price Target98.6 (-7.28%)
Short Float %5.35%
Short Ratio5.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
Yearly Dividend0.48
Dividend Growth(5Y)1.8%
DP22.14%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.31%
Min EPS beat(2)17.43%
Max EPS beat(2)25.2%
EPS beat(4)4
Avg EPS beat(4)24.68%
Min EPS beat(4)14.56%
Max EPS beat(4)41.54%
EPS beat(8)7
Avg EPS beat(8)22.11%
EPS beat(12)11
Avg EPS beat(12)22.91%
EPS beat(16)15
Avg EPS beat(16)23.15%
Revenue beat(2)1
Avg Revenue beat(2)1.89%
Min Revenue beat(2)-0.02%
Max Revenue beat(2)3.8%
Revenue beat(4)1
Avg Revenue beat(4)-0.58%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)3.8%
Revenue beat(8)2
Avg Revenue beat(8)-0.49%
Revenue beat(12)4
Avg Revenue beat(12)-1.26%
Revenue beat(16)7
Avg Revenue beat(16)-0.47%
PT rev (1m)1.4%
PT rev (3m)10.27%
EPS NQ rev (1m)0.88%
EPS NQ rev (3m)1.35%
EPS NY rev (1m)0.41%
EPS NY rev (3m)3.14%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)-0.25%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.47 | ||
| Fwd PE | 44.36 | ||
| P/S | 7.12 | ||
| P/FCF | N/A | ||
| P/OCF | 14.35 | ||
| P/B | 2.59 | ||
| P/tB | 3.18 | ||
| EV/EBITDA | 19.5 |
EPS(TTM)2.24
EY2.11%
EPS(NY)2.4
Fwd EY2.25%
FCF(TTM)-1.89
FCFYN/A
OCF(TTM)7.41
OCFY6.97%
SpS14.93
BVpS41.06
TBVpS33.49
PEG (NY)16.54
PEG (5Y)6.01
Graham Number45.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.18% | ||
| ROE | 5.27% | ||
| ROCE | 3.26% | ||
| ROIC | 2.53% | ||
| ROICexc | 2.57% | ||
| ROICexgc | 2.81% | ||
| OM | 19% | ||
| PM (TTM) | 14.49% | ||
| GM | 28.94% | ||
| 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-Score4
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.71 | ||
| Cap/Depr | 204.28% | ||
| Cap/Sales | 62.33% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 100.27% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 1.5 |
F-Score4
WACC7.54%
ROIC/WACC0.34
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)0.9%
EPS 3Y15.39%
EPS 5Y7.89%
EPS Q2Q%20%
EPS Next Y2.87%
EPS Next 2Y6.33%
EPS Next 3Y8.9%
EPS Next 5Y19%
Revenue 1Y (TTM)2.23%
Revenue growth 3Y9.88%
Revenue growth 5Y3.35%
Sales Q2Q%9.89%
Revenue Next Year8.6%
Revenue Next 2Y11.65%
Revenue Next 3Y9.77%
Revenue Next 5Y9.16%
EBIT growth 1Y-3.18%
EBIT growth 3Y0.91%
EBIT growth 5Y-2.16%
EBIT Next Year185.08%
EBIT Next 3Y51.68%
EBIT Next 5Y35.98%
FCF growth 1Y57.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y51.9%
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 2 / 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 6 / 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 22.14%.