ORMAT TECHNOLOGIES INC (ORA) Fundamental Analysis & Valuation
NYSE:ORA • US6866881021
111.1 USD
+1.37 (+1.25%)
Last: Mar 10, 2026, 10:13 AM
This ORA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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 valied quite expensively at the moment, while it does show a decent growth rate.
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.
- Each year in the past 5 years ORA has been profitable.
- In the past 5 years ORA always reported a positive cash flow from operatings.
1.2 Ratios
- ORA has a better Return On Assets (1.98%) than 85.00% of its industry peers.
- Looking at the Return On Equity, with a value of 4.87%, ORA is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
- With a decent Return On Invested Capital value of 2.53%, ORA is doing good in the industry, outperforming 65.00% of the companies in the same industry.
- 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 4.07%.
| Industry Rank | Sector 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%
1.3 Margins
- ORA has a better Profit Margin (12.52%) than 85.00% of its industry peers.
- In the last couple of years the Profit Margin of ORA has remained more or less at the same level.
- ORA's Operating Margin of 18.41% is fine compared to the rest of the industry. ORA outperforms 75.00% of its industry peers.
- In the last couple of years the Operating Margin of ORA has declined.
- The Gross Margin of ORA (27.56%) is worse than 65.00% of its industry peers.
- ORA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. ORA Health Analysis
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.
- ORA has about the same amout of shares outstanding than it did 1 year ago.
- ORA has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, ORA has a worse debt to assets ratio.
2.2 Solvency
- ORA has an Altman-Z score of 1.51. This is a bad value and indicates that ORA is not financially healthy and even has some risk of bankruptcy.
- ORA has a better Altman-Z score (1.51) than 75.00% 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.
- ORA has a better Debt to Equity ratio (0.91) than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.51 |
ROIC/WACC0.34
WACC7.43%
2.3 Liquidity
- A Current Ratio of 0.81 indicates that ORA may have some problems paying its short term obligations.
- ORA has a Current ratio of 0.81. This is comparable to the rest of the industry: ORA outperforms 45.00% of its industry peers.
- A Quick Ratio of 0.71 indicates that ORA may have some problems paying its short term obligations.
- With a Quick ratio value of 0.71, ORA perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.71 |
3. ORA Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 5.66% over the past year.
- ORA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.92% yearly.
- The Revenue has grown by 12.49% in the past year. This is quite good.
- Measured over the past years, ORA shows a small growth in Revenue. The Revenue has been growing by 7.01% on average per year.
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
- ORA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.75% yearly.
- ORA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.26% yearly.
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.
4. ORA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 49.60, the valuation of ORA can be described as expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of ORA indicates a somewhat cheap valuation: ORA is cheaper than 75.00% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of ORA to the average of the S&P500 Index (26.45), we can say ORA is valued expensively.
- With a Price/Forward Earnings ratio of 46.57, ORA can be considered very expensive at the moment.
- ORA's Price/Forward Earnings ratio is in line with the industry average.
- ORA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.65.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.6 | ||
| Fwd PE | 46.57 |
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 | 18.9 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of ORA may justify a higher PE ratio.
- A more expensive valuation may be justified as ORA's earnings are expected to grow with 12.61% in the coming years.
PEG (NY)7.63
PEG (5Y)8.37
EPS Next 2Y11.13%
EPS Next 3Y12.61%
5. ORA Dividend Analysis
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 1.32.
- With a Dividend Yield of 0.45, ORA pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
5.2 History
- The dividend of ORA has a limited annual growth rate of 2.69%.
- 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)2.69%
Div Incr Years0
Div Non Decr Years1
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 Fundamentals: All Metrics, Ratios and Statistics
NYSE:ORA (3/10/2026, 10:13:45 AM)
111.1
+1.37 (+1.25%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)02-25 2026-02-25/amc
Earnings (Next)05-05 2026-05-05/amc
Inst Owners94.14%
Inst Owner Change-2.21%
Ins Owners0.29%
Ins Owner Change-1.07%
Market Cap6.76B
Revenue(TTM)989.54M
Net Income(TTM)123.90M
Analysts78.57
Price Target134.64 (21.19%)
Short Float %5.9%
Short Ratio5.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
Yearly Dividend0.48
Dividend Growth(5Y)2.69%
DP23.46%
Div Incr Years0
Div Non Decr Years1
Ex-Date03-10 2026-03-10 (0.12)
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)0.98%
EPS NQ rev (3m)4.4%
EPS NY rev (1m)-3.77%
EPS NY rev (3m)-4.93%
Revenue NQ rev (1m)-1.14%
Revenue NQ rev (3m)3.23%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.6 | ||
| Fwd PE | 46.57 | ||
| P/S | 6.83 | ||
| P/FCF | N/A | ||
| P/OCF | 20.17 | ||
| P/B | 2.66 | ||
| P/tB | 3.22 | ||
| EV/EBITDA | 18.9 |
EPS(TTM)2.24
EY2.02%
EPS(NY)2.39
Fwd EY2.15%
FCF(TTM)-4.68
FCFYN/A
OCF(TTM)5.51
OCFY4.96%
SpS16.26
BVpS41.81
TBVpS34.53
PEG (NY)7.63
PEG (5Y)8.37
Graham Number45.9
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.51 |
F-Score4
WACC7.43%
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 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 49.6 and the Price/Book (PB) ratio is 2.66.
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.