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 USD
-0.23 (-0.2%)
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. While showing a medium growth rate, ORA is valued expensive at the moment.
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.
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
ORA has a Return On Assets of 2.19%. This is in the better half of the industry: ORA outperforms 75.00% of its industry peers.
With a Return On Equity value of 5.31%, ORA perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
ORA has a Return On Invested Capital (2.52%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for ORA 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.
ORA has a better Operating Margin (18.71%) 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.
In the last couple of years the Gross Margin of ORA has declined.
| 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.
The number of shares outstanding for ORA has been increased compared to 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
Based on the Altman-Z score of 1.58, we must say that ORA is in the distress zone and 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.
ORA has a Debt/Equity ratio of 0.87. This is a neutral value indicating 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 | 1.58 |
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.
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.
Looking at the Quick ratio, with a value of 0.67, ORA is doing worse than 60.00% of the companies in the same industry.
| 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.
Measured over the past 5 years, ORA shows a small growth in Earnings Per Share. The EPS has been growing by 7.89% on average per year.
ORA shows a small growth in Revenue. In the last year, the Revenue has grown by 6.07%.
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
ORA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.64% yearly.
The Revenue is expected to grow by 9.62% on average over the next years. This is quite good.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
ORA is valuated quite expensively with a Price/Earnings ratio of 49.45.
70.00% of the companies in the same industry are more expensive than ORA, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.98. ORA is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 47.24, which means the current valuation is very expensive for ORA.
ORA's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of ORA to the average of the S&P500 Index (35.79), we can say ORA is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.45 | ||
| Fwd PE | 47.24 |
4.2 Price Multiples
ORA's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.94 |
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.
Compared to an average industry Dividend Yield of 3.66, ORA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, ORA's dividend is way lower than the S&P500 average.
| 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 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 21.81% 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.
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 | 19.94 |
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 | 1.58 |
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%.