ORMAT TECHNOLOGIES INC (ORA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ORA - US6866881021 - Common Stock
110.79 USD
+0.48 (+0.44%)
110.79 USD
0 (0%)
Taking everything into account, ORA scores 4 out of 10 in our fundamental rating. ORA was compared to 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. 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.
ORA had a positive operating cash flow in the past year.
In the past 5 years ORA has always been profitable.
Each year in the past 5 years ORA had a positive operating cash flow.
1.2 Ratios
ORA has a better Return On Assets (2.19%) than 75.00% of its industry peers.
Looking at the Return On Equity, with a value of 5.31%, ORA is in line with its industry, outperforming 60.00% of the companies in the same industry.
ORA has a Return On Invested Capital (2.52%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for ORA is in line with the industry average of 4.09%.
| 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.
ORA's Operating Margin of 18.71% is fine compared to the rest of the industry. ORA outperforms 75.00% of its industry peers.
ORA's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 28.32%, ORA is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ORA is destroying value.
ORA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ORA has more shares outstanding
Compared to 1 year ago, ORA has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.55, we must say that ORA is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.55, 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 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.55 |
ROIC/WACC0.33
WACC7.68%
2.3 Liquidity
A Current Ratio of 0.77 indicates that ORA may have some problems paying its short term obligations.
ORA has a Current ratio (0.77) which is comparable to the rest of the industry.
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
The Earnings Per Share has grown by an nice 15.08% over the past year.
The Earnings Per Share has been growing slightly by 7.89% on average over the past years.
ORA shows a small growth in Revenue. In the last year, the Revenue has grown by 6.07%.
ORA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.35% yearly.
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.
The Revenue is expected to grow by 9.62% on average over the next years. This is quite good.
EPS Next Y4.72%
EPS Next 2Y8.8%
EPS Next 3Y9.27%
EPS Next 5Y21.64%
Revenue Next Year9.92%
Revenue Next 2Y13.49%
Revenue Next 3Y11.09%
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
With a Price/Earnings ratio of 48.38, ORA can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of ORA indicates a somewhat cheap valuation: ORA is cheaper than 70.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.38, ORA is valued quite expensively.
Based on the Price/Forward Earnings ratio of 44.15, the valuation of ORA can be described as expensive.
ORA's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of ORA to the average of the S&P500 Index (23.83), we can say ORA is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.38 | ||
| Fwd PE | 44.15 |
4.2 Price Multiples
ORA's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.58 |
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.
PEG (NY)10.26
PEG (5Y)6.13
EPS Next 2Y8.8%
EPS Next 3Y9.27%
5. Dividend
5.1 Amount
ORA has a yearly dividend return of 0.44%, which is pretty low.
ORA's Dividend Yield is a higher than the industry average which is at 1.44.
Compared to an average S&P500 Dividend Yield of 1.87, ORA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
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
ORA pays out 21.81% of its income as dividend. This is a sustainable payout ratio.
The dividend of ORA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP21.81%
EPS Next 2Y8.8%
EPS Next 3Y9.27%
110.79
+0.48 (+0.44%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners91.31%
Inst Owner Change-2.79%
Ins Owners0.29%
Ins Owner Change-2.15%
Market Cap6.73B
Revenue(TTM)944.25M
Net Income(TTM)133.37M
Analysts80
Price Target119.95 (8.27%)
Short Float %4.65%
Short Ratio4.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
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)14.17%
PT rev (3m)23.36%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)-4.85%
EPS NY rev (1m)1.79%
EPS NY rev (3m)1.37%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-1.81%
Revenue NY rev (1m)1.21%
Revenue NY rev (3m)1.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.38 | ||
| Fwd PE | 44.15 | ||
| P/S | 7.13 | ||
| P/FCF | N/A | ||
| P/OCF | 17.32 | ||
| P/B | 2.68 | ||
| P/tB | 3.27 | ||
| EV/EBITDA | 19.58 |
EPS(TTM)2.29
EY2.07%
EPS(NY)2.51
Fwd EY2.27%
FCF(TTM)-3.52
FCFYN/A
OCF(TTM)6.39
OCFY5.77%
SpS15.54
BVpS41.29
TBVpS33.89
PEG (NY)10.26
PEG (5Y)6.13
Graham Number46.13
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 | 1.55 |
F-Score5
WACC7.68%
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 Y4.72%
EPS Next 2Y8.8%
EPS Next 3Y9.27%
EPS Next 5Y21.64%
Revenue 1Y (TTM)6.07%
Revenue growth 3Y9.88%
Revenue growth 5Y3.35%
Sales Q2Q%17.92%
Revenue Next Year9.92%
Revenue Next 2Y13.49%
Revenue Next 3Y11.09%
Revenue Next 5Y9.62%
EBIT growth 1Y0.2%
EBIT growth 3Y0.91%
EBIT growth 5Y-2.16%
EBIT Next Year185.43%
EBIT Next 3Y51.61%
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%.