ORMAT TECHNOLOGIES INC (ORA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ORA - US6866881021 - Common Stock
113.23 USD
+1.69 (+1.52%)
113.23 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.
ORA had a positive operating cash flow in the past year.
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 (2.19%) than 75.00% of its industry peers.
ORA's Return On Equity of 5.31% is in line compared to the rest of the industry. ORA outperforms 60.00% of its industry peers.
The Return On Invested Capital of ORA (2.52%) is comparable to the rest of the 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 4.56%.
| 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
With a decent Profit Margin value of 14.12%, ORA is doing good in the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Profit Margin of ORA has grown nicely.
The Operating Margin of ORA (18.71%) is better than 75.00% of its industry peers.
ORA's Operating Margin has declined in the last couple of years.
ORA has a Gross Margin of 28.32%. This is in the lower half of the industry: ORA underperforms 65.00% of its industry peers.
ORA's Gross Margin has declined in the last couple of years.
| 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.
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 1.56, we must say that ORA is in the distress zone and has some risk of bankruptcy.
ORA has a Altman-Z score of 1.56. This is in the better half of the industry: ORA outperforms 75.00% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that ORA is somewhat dependend on debt financing.
ORA has a Debt to Equity ratio of 0.87. This is in the better half of the industry: ORA outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.56 |
ROIC/WACC0.33
WACC7.61%
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.
A Quick Ratio of 0.67 indicates that ORA may have some problems paying its short term obligations.
With a Quick ratio value of 0.67, ORA is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| 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.
Measured over the past years, ORA shows a small growth in Revenue. The Revenue has been growing by 3.35% on average per year.
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.
Based on estimates for the next years, ORA will show a quite strong growth in Revenue. The Revenue will grow by 9.62% on average per year.
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 49.45, which means the current valuation is very expensive for ORA.
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 25.65.
With a Price/Forward Earnings ratio of 47.24, ORA can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ORA is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 34.45. ORA is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.45 | ||
| Fwd PE | 47.24 |
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 | 19.72 |
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)17.23
PEG (5Y)6.26
EPS Next 2Y6.33%
EPS Next 3Y8.9%
5. Dividend
5.1 Amount
ORA has a yearly dividend return of 0.45%, which is pretty low.
ORA's Dividend Yield is a higher than the industry average which is at 3.66.
With a Dividend Yield of 0.45, ORA pays less dividend than the S&P500 average, which is at 2.41.
| 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%
113.23
+1.69 (+1.52%)
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 Cap6.88B
Revenue(TTM)944.25M
Net Income(TTM)133.37M
Analysts80
Price Target119.44 (5.48%)
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 | 49.45 | ||
| Fwd PE | 47.24 | ||
| P/S | 7.28 | ||
| P/FCF | N/A | ||
| P/OCF | 17.69 | ||
| P/B | 2.74 | ||
| P/tB | 3.34 | ||
| EV/EBITDA | 19.72 |
EPS(TTM)2.29
EY2.02%
EPS(NY)2.4
Fwd EY2.12%
FCF(TTM)-3.52
FCFYN/A
OCF(TTM)6.4
OCFY5.65%
SpS15.55
BVpS41.33
TBVpS33.93
PEG (NY)17.23
PEG (5Y)6.26
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 | 1.56 |
F-Score5
WACC7.61%
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%.