ORMAT TECHNOLOGIES INC (ORA) Fundamental Analysis & Valuation

NYSE:ORA • US6866881021

Current stock price

109.88 USD
+2.38 (+2.21%)
Last:

This ORA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ORA Profitability Analysis

1.1 Basic Checks

  • ORA had positive earnings in the past year.
  • ORA had a positive operating cash flow in the past year.
  • In the past 5 years ORA has always been profitable.
  • ORA had a positive operating cash flow in each of the past 5 years.
ORA Yearly Net Income VS EBIT VS OCF VS FCFORA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.98%, ORA is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 4.87%, ORA is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • ORA has a better Return On Invested Capital (2.53%) than 65.00% of its industry peers.
  • ORA had an Average Return On Invested Capital over the past 3 years of 2.64%. This is in line with the industry average of 3.88%.
Industry RankSector Rank
ROA 1.98%
ROE 4.87%
ROIC 2.53%
ROA(3y)2.19%
ROA(5y)1.88%
ROE(3y)5.12%
ROE(5y)4.44%
ROIC(3y)2.64%
ROIC(5y)2.96%
ORA Yearly ROA, ROE, ROICORA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • With an excellent Profit Margin value of 12.52%, ORA belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ORA has remained more or less at the same level.
  • The Operating Margin of ORA (18.41%) is better than 75.00% of its industry peers.
  • In the last couple of years the Operating Margin of ORA has declined.
  • ORA has a Gross Margin of 27.56%. This is in the lower half of the industry: ORA underperforms 60.00% of its industry peers.
  • ORA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 18.41%
PM (TTM) 12.52%
GM 27.56%
OM growth 3Y-10.01%
OM growth 5Y-6.75%
PM growth 3Y11.77%
PM growth 5Y0.65%
GM growth 3Y-9.04%
GM growth 5Y-6.26%
ORA Yearly Profit, Operating, Gross MarginsORA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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1

2. ORA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ORA is destroying value.
  • ORA has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ORA has been increased compared to 5 years ago.
  • The debt/assets ratio for ORA is higher compared to a year ago.
ORA Yearly Shares OutstandingORA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
ORA Yearly Total Debt VS Total AssetsORA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 1.49, we must say that ORA is in the distress zone and has some risk of bankruptcy.
  • ORA has a Altman-Z score of 1.49. This is in the better half of the industry: ORA outperforms 80.00% of its industry peers.
  • ORA has a Debt/Equity ratio of 0.91. This is a neutral value indicating ORA is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.91, ORA is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF N/A
Altman-Z 1.49
ROIC/WACC0.34
WACC7.45%
ORA Yearly LT Debt VS Equity VS FCFORA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • ORA has a Current Ratio of 0.81. 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 0.81. This is in the lower half of the industry: ORA underperforms 60.00% of its industry peers.
  • A Quick Ratio of 0.71 indicates that ORA may have some problems paying its short term obligations.
  • ORA has a worse Quick ratio (0.71) than 60.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.71
ORA Yearly Current Assets VS Current LiabilitesORA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. ORA Growth Analysis

3.1 Past

  • ORA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.66%.
  • Measured over the past 5 years, ORA shows a small growth in Earnings Per Share. The EPS has been growing by 5.92% on average per year.
  • Looking at the last year, ORA shows a quite strong growth in Revenue. The Revenue has grown by 12.49% in the last year.
  • The Revenue has been growing slightly by 7.01% on average over the past years.
EPS 1Y (TTM)5.66%
EPS 3Y11.18%
EPS 5Y5.92%
EPS Q2Q%-6.94%
Revenue 1Y (TTM)12.49%
Revenue growth 3Y10.46%
Revenue growth 5Y7.01%
Sales Q2Q%19.65%

3.2 Future

  • Based on estimates for the next years, ORA will show a very strong growth in Earnings Per Share. The EPS will grow by 24.75% on average per year.
  • Based on estimates for the next years, ORA will show a quite strong growth in Revenue. The Revenue will grow by 9.26% on average per year.
EPS Next Y6.5%
EPS Next 2Y11.13%
EPS Next 3Y12.61%
EPS Next 5Y24.75%
Revenue Next Year16.99%
Revenue Next 2Y11.27%
Revenue Next 3Y10.05%
Revenue Next 5Y9.26%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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.
ORA Yearly Revenue VS EstimatesORA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B
ORA Yearly EPS VS EstimatesORA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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1

4. ORA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 49.05 indicates a quite expensive valuation of ORA.
  • 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.
  • When comparing the Price/Earnings ratio of ORA to the average of the S&P500 Index (25.79), we can say ORA is valued expensively.
  • A Price/Forward Earnings ratio of 46.06 indicates a quite expensive valuation of ORA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ORA is on the same level as its industry peers.
  • ORA is valuated expensively when we compare the Price/Forward Earnings ratio to 23.80, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 49.05
Fwd PE 46.06
ORA Price Earnings VS Forward Price EarningsORA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

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 RankSector Rank
P/FCF N/A
EV/EBITDA 18.6
ORA Per share dataORA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as ORA's earnings are expected to grow with 12.61% in the coming years.
PEG (NY)7.55
PEG (5Y)8.28
EPS Next 2Y11.13%
EPS Next 3Y12.61%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. ORA Dividend Analysis

5.1 Amount

  • ORA has a yearly dividend return of 0.44%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.42, ORA pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, ORA's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.44%

5.2 History

  • The dividend of ORA has a limited annual growth rate of 2.69%.
  • 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)2.69%
Div Incr Years0
Div Non Decr Years1
ORA Yearly Dividends per shareORA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • ORA pays out 23.46% 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.
DP23.46%
EPS Next 2Y11.13%
EPS Next 3Y12.61%
ORA Yearly Income VS Free CF VS DividendORA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M
ORA Dividend Payout.ORA Dividend Payout, showing the Payout Ratio.ORA Dividend Payout.PayoutRetained Earnings

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ORA Fundamentals: All Metrics, Ratios and Statistics

ORMAT TECHNOLOGIES INC

NYSE:ORA (3/19/2026, 3:11:03 PM)

109.88

+2.38 (+2.21%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners94.14%
Inst Owner Change-2.21%
Ins Owners0.29%
Ins Owner Change-1.07%
Market Cap6.69B
Revenue(TTM)989.54M
Net Income(TTM)123.90M
Analysts78.57
Price Target134.64 (22.53%)
Short Float %5.5%
Short Ratio4.87
Dividend
Industry RankSector Rank
Dividend Yield 0.44%
Yearly Dividend0.48
Dividend Growth(5Y)2.69%
DP23.46%
Div Incr Years0
Div Non Decr Years1
Ex-Date03-10
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.18%
Min EPS beat(2)5.46%
Max EPS beat(2)8.9%
EPS beat(4)4
Avg EPS beat(4)14.25%
Min EPS beat(4)5.46%
Max EPS beat(4)25.2%
EPS beat(8)8
Avg EPS beat(8)15.79%
EPS beat(12)12
Avg EPS beat(12)17.74%
EPS beat(16)16
Avg EPS beat(16)19.1%
Revenue beat(2)2
Avg Revenue beat(2)5.72%
Min Revenue beat(2)5.53%
Max Revenue beat(2)5.92%
Revenue beat(4)3
Avg Revenue beat(4)3.81%
Min Revenue beat(4)-0.02%
Max Revenue beat(4)5.92%
Revenue beat(8)4
Avg Revenue beat(8)1.13%
Revenue beat(12)4
Avg Revenue beat(12)-0.7%
Revenue beat(16)8
Avg Revenue beat(16)0.1%
PT rev (1m)4.51%
PT rev (3m)12.24%
EPS NQ rev (1m)4.61%
EPS NQ rev (3m)8.16%
EPS NY rev (1m)-3.77%
EPS NY rev (3m)-4.93%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)4.46%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.17%
Valuation
Industry RankSector Rank
PE 49.05
Fwd PE 46.06
P/S 6.76
P/FCF N/A
P/OCF 19.95
P/B 2.63
P/tB 3.18
EV/EBITDA 18.6
EPS(TTM)2.24
EY2.04%
EPS(NY)2.39
Fwd EY2.17%
FCF(TTM)-4.68
FCFYN/A
OCF(TTM)5.51
OCFY5.01%
SpS16.26
BVpS41.81
TBVpS34.53
PEG (NY)7.55
PEG (5Y)8.28
Graham Number45.9
Profitability
Industry RankSector Rank
ROA 1.98%
ROE 4.87%
ROCE 3.31%
ROIC 2.53%
ROICexc 2.6%
ROICexgc 2.82%
OM 18.41%
PM (TTM) 12.52%
GM 27.56%
FCFM N/A
ROA(3y)2.19%
ROA(5y)1.88%
ROE(3y)5.12%
ROE(5y)4.44%
ROIC(3y)2.64%
ROIC(5y)2.96%
ROICexc(3y)2.72%
ROICexc(5y)3.08%
ROICexgc(3y)2.98%
ROICexgc(5y)3.42%
ROCE(3y)3.43%
ROCE(5y)3.8%
ROICexgc growth 3Y-10.28%
ROICexgc growth 5Y-10.42%
ROICexc growth 3Y-9.56%
ROICexc growth 5Y-10.64%
OM growth 3Y-10.01%
OM growth 5Y-6.75%
PM growth 3Y11.77%
PM growth 5Y0.65%
GM growth 3Y-9.04%
GM growth 5Y-6.26%
F-Score4
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF N/A
Debt/EBITDA 4.87
Cap/Depr 212.16%
Cap/Sales 62.63%
Interest Coverage 1.63
Cash Conversion 70.65%
Profit Quality N/A
Current Ratio 0.81
Quick Ratio 0.71
Altman-Z 1.49
F-Score4
WACC7.45%
ROIC/WACC0.34
Cap/Depr(3y)224.26%
Cap/Depr(5y)237.07%
Cap/Sales(3y)64.21%
Cap/Sales(5y)66.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.66%
EPS 3Y11.18%
EPS 5Y5.92%
EPS Q2Q%-6.94%
EPS Next Y6.5%
EPS Next 2Y11.13%
EPS Next 3Y12.61%
EPS Next 5Y24.75%
Revenue 1Y (TTM)12.49%
Revenue growth 3Y10.46%
Revenue growth 5Y7.01%
Sales Q2Q%19.65%
Revenue Next Year16.99%
Revenue Next 2Y11.27%
Revenue Next 3Y10.05%
Revenue Next 5Y9.26%
EBIT growth 1Y4.86%
EBIT growth 3Y-0.59%
EBIT growth 5Y-0.22%
EBIT Next Year240.15%
EBIT Next 3Y60.24%
EBIT Next 5Y41.29%
FCF growth 1Y-270.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-18.45%
OCF growth 3Y6.05%
OCF growth 5Y4.81%

ORMAT TECHNOLOGIES INC / ORA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ORMAT TECHNOLOGIES INC (ORA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ORA.


Can you provide the valuation status for ORMAT TECHNOLOGIES INC?

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.


What are the PE and PB ratios of ORMAT TECHNOLOGIES INC (ORA) stock?

The Price/Earnings (PE) ratio for ORMAT TECHNOLOGIES INC (ORA) is 49.05 and the Price/Book (PB) ratio is 2.63.


What is the expected EPS growth for ORMAT TECHNOLOGIES INC (ORA) stock?

The Earnings per Share (EPS) of ORMAT TECHNOLOGIES INC (ORA) is expected to grow by 6.5% in the next year.