ORMAT TECHNOLOGIES INC (ORA) Stock Fundamental Analysis
USA - NYSE:ORA - US6866881021 - Common Stock
113.48 USD
-1.27 (-1.11%)
113.48 USD
0 (0%)
ORA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ORA had positive earnings in the past year.
In the past year ORA had a positive cash flow from operations.
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
The Return On Assets of ORA (2.18%) is better than 80.00% of its industry peers.
The Return On Equity of ORA (5.27%) is better than 65.00% of its industry peers.
ORA has a Return On Invested Capital (2.53%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for ORA 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.
ORA has a Operating Margin of 19.00%. This is in the better half of the industry: ORA outperforms 70.00% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ORA is destroying value.
Compared to 1 year ago, ORA has more shares outstanding
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
ORA has an Altman-Z score of 1.58. 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 1.58, ORA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Debt/Equity ratio of 0.85 indicates that ORA is somewhat dependend on debt financing.
ORA has a better Debt to Equity ratio (0.85) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.58 |
ROIC/WACC0.33
WACC7.66%
2.3 Liquidity
A Current Ratio of 0.70 indicates that ORA may have some problems paying its short term obligations.
With a Current ratio value of 0.70, ORA is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.62 indicates that ORA may have some problems paying its short term obligations.
ORA's Quick ratio of 0.62 is on the low side compared to the rest of the industry. ORA is outperformed by 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.08% over the past year.
ORA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.89% yearly.
Looking at the last year, ORA shows a small growth in Revenue. The Revenue has grown by 6.06% in the last year.
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)6.06%
Revenue growth 3Y9.88%
Revenue growth 5Y3.35%
Sales Q2Q%17.92%
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 21.64% on average per year.
ORA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.62% 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
With a Price/Earnings ratio of 49.55, ORA can be considered very expensive at the moment.
75.00% of the companies in the same industry are more expensive than ORA, based on the Price/Earnings ratio.
ORA's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.06.
A Price/Forward Earnings ratio of 47.34 indicates a quite expensive valuation of ORA.
ORA's Price/Forward Earnings is on the same level as the industry average.
ORA's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 32.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.55 | ||
| Fwd PE | 47.34 |
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 | 20.47 |
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.
The decent profitability rating of ORA may justify a higher PE ratio.
PEG (NY)17.27
PEG (5Y)6.28
EPS Next 2Y6.33%
EPS Next 3Y8.9%
5. Dividend
5.1 Amount
With a yearly dividend of 0.42%, ORA is not a good candidate for dividend investing.
ORA's Dividend Yield is a higher than the industry average which is at 4.31.
Compared to an average S&P500 Dividend Yield of 2.37, ORA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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.
The dividend of ORA decreased 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%
113.48
-1.27 (-1.11%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners93.5%
Inst Owner Change0.07%
Ins Owners0.34%
Ins Owner Change-0.93%
Market Cap6.89B
Revenue(TTM)879.65M
Net Income(TTM)131.31M
Analysts80
Price Target105.06 (-7.42%)
Short Float %5.79%
Short Ratio6.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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)6.55%
PT rev (3m)11.28%
EPS NQ rev (1m)0.88%
EPS NQ rev (3m)1.07%
EPS NY rev (1m)0.41%
EPS NY rev (3m)3.14%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)-0.52%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.55 | ||
| Fwd PE | 47.34 | ||
| P/S | 7.6 | ||
| P/FCF | N/A | ||
| P/OCF | 15.31 | ||
| P/B | 2.76 | ||
| P/tB | 3.39 | ||
| EV/EBITDA | 20.47 |
EPS(TTM)2.29
EY2.02%
EPS(NY)2.4
Fwd EY2.11%
FCF(TTM)-1.89
FCFYN/A
OCF(TTM)7.41
OCFY6.53%
SpS14.93
BVpS41.06
TBVpS33.49
PEG (NY)17.27
PEG (5Y)6.28
Graham Number45.99
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 | 1.58 |
F-Score4
WACC7.66%
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)6.06%
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 1Y-3.18%
EBIT growth 3Y0.91%
EBIT growth 5Y-2.16%
EBIT Next Year185.08%
EBIT Next 3Y51.68%
EBIT Next 5Y36.93%
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%.