ORMAT TECHNOLOGIES INC (ORA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ORA - US6866881021 - Common Stock
111.46 USD
+0.87 (+0.79%)
111.46 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. ORA has a medium profitability rating, but doesn't score so well on its financial health evaluation. ORA is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ORA was profitable.
In the past year ORA had a positive cash flow from operations.
Each year in the past 5 years ORA has been profitable.
Each year in the past 5 years ORA had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.19%, ORA is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
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.
ORA has a Return On Invested Capital of 2.52%. This is comparable to the rest of the industry: ORA outperforms 60.00% of its industry peers.
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
ORA has a better Profit Margin (14.12%) than 80.00% of its industry peers.
ORA's Profit Margin has improved in the last couple of years.
The Operating Margin of ORA (18.71%) is better than 75.00% of its industry peers.
In the last couple of years the Operating Margin of ORA has declined.
Looking at the Gross Margin, with a value of 28.32%, ORA is doing worse than 65.00% of the companies in the same industry.
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
ORA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ORA has more shares outstanding
ORA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ORA is higher compared to a year ago.
2.2 Solvency
ORA has an Altman-Z score of 1.56. This is a bad value and indicates that ORA is not financially healthy and even 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's Debt to Equity ratio of 0.87 is fine compared to the rest 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
WACC7.63%
2.3 Liquidity
A Current Ratio of 0.77 indicates that ORA may have some problems paying its short term obligations.
With a Current ratio value of 0.77, ORA perfoms like the industry average, outperforming 45.00% of the companies in the same 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 has a worse Quick ratio (0.67) than 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.
ORA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.89% yearly.
The Revenue has been growing slightly by 6.07% in the past year.
The Revenue has been growing slightly by 3.35% on average over the past years.
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
The Earnings Per Share is expected to grow by 21.64% on average over the next years. This is a very strong growth
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
ORA is valuated quite expensively with a Price/Earnings ratio of 48.67.
70.00% 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 26.37.
ORA is valuated quite expensively with a Price/Forward Earnings ratio of 46.50.
ORA's Price/Forward Earnings ratio is in line with the industry average.
ORA's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 36.20.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.67 | ||
| Fwd PE | 46.5 |
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 | 19.73 |
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)16.96
PEG (5Y)6.17
EPS Next 2Y6.33%
EPS Next 3Y8.9%
5. Dividend
5.1 Amount
With a yearly dividend of 0.43%, ORA is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.54, ORA pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.43, ORA pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
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.
The dividend of ORA decreased 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%
111.46
+0.87 (+0.79%)
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-2.15%
Market Cap6.77B
Revenue(TTM)944.25M
Net Income(TTM)133.37M
Analysts80
Price Target119.44 (7.16%)
Short Float %5.43%
Short Ratio5.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
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)-6.47%
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 | 48.67 | ||
| Fwd PE | 46.5 | ||
| P/S | 7.17 | ||
| P/FCF | N/A | ||
| P/OCF | 17.43 | ||
| P/B | 2.7 | ||
| P/tB | 3.29 | ||
| EV/EBITDA | 19.73 |
EPS(TTM)2.29
EY2.05%
EPS(NY)2.4
Fwd EY2.15%
FCF(TTM)-3.52
FCFYN/A
OCF(TTM)6.39
OCFY5.74%
SpS15.54
BVpS41.29
TBVpS33.89
PEG (NY)16.96
PEG (5Y)6.17
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 | 1.56 |
F-Score5
WACC7.63%
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%.