PORTLAND GENERAL ELECTRIC CO (POR) Stock Fundamental Analysis
USA - NYSE:POR - US7365088472 - Common Stock
42.6 USD
+0.3 (+0.71%)
43.0208 USD
+0.42 (+0.99%)
Overall POR gets a fundamental rating of 3 out of 10. We evaluated POR against 48 industry peers in the Electric Utilities industry. POR has a bad profitability rating. Also its financial health evaluation is rather negative. POR is quite expensive at the moment. It does show a decent growth rate. Finally POR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
POR had positive earnings in the past year.
In the past year POR had a positive cash flow from operations.
Each year in the past 5 years POR has been profitable.
In the past 5 years POR always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 2.32%, POR is not doing good in the industry: 77.08% of the companies in the same industry are doing better.
POR has a Return On Equity of 7.63%. This is in the lower half of the industry: POR underperforms 75.00% of its industry peers.
POR has a Return On Invested Capital of 3.82%. This is in the lower half of the industry: POR underperforms 64.58% of its industry peers.
POR had an Average Return On Invested Capital over the past 3 years of 3.68%. This is in line with the industry average of 5.43%.
The last Return On Invested Capital (3.82%) for POR is above the 3 year average (3.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.63% | ||
| ROIC | 3.82% |
ROA(3y)2.25%
ROA(5y)2.21%
ROE(3y)7.83%
ROE(5y)7.69%
ROIC(3y)3.68%
ROIC(5y)3.51%
1.3 Margins
With a Profit Margin value of 8.43%, POR is not doing good in the industry: 77.08% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of POR has declined.
POR's Operating Margin of 14.91% is on the low side compared to the rest of the industry. POR is outperformed by 79.17% of its industry peers.
POR's Operating Margin has declined in the last couple of years.
POR's Gross Margin of 46.85% is in line compared to the rest of the industry. POR outperforms 52.08% of its industry peers.
POR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.91% | ||
| PM (TTM) | 8.43% | ||
| GM | 46.85% |
OM growth 3Y-1.92%
OM growth 5Y-2.79%
PM growth 3Y-3.68%
PM growth 5Y-2.03%
GM growth 3Y-4.39%
GM growth 5Y-3.94%
2. Health
2.1 Basic Checks
POR 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, POR has more shares outstanding
POR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for POR has been reduced compared to a year ago.
2.2 Solvency
POR has an Altman-Z score of 0.92. This is a bad value and indicates that POR is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.92, POR is in line with its industry, outperforming 47.92% of the companies in the same industry.
POR has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.28, POR is in line with its industry, outperforming 56.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.92 |
ROIC/WACC0.64
WACC5.99%
2.3 Liquidity
POR has a Current Ratio of 0.97. This is a bad value and indicates that POR is not financially healthy enough and could expect problems in meeting its short term obligations.
POR's Current ratio of 0.97 is fine compared to the rest of the industry. POR outperforms 60.42% of its industry peers.
A Quick Ratio of 0.84 indicates that POR may have some problems paying its short term obligations.
POR has a Quick ratio (0.84) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
POR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.77%.
The Earnings Per Share has been growing slightly by 5.52% on average over the past years.
The Revenue has grown by 8.53% in the past year. This is quite good.
Measured over the past years, POR shows a quite strong growth in Revenue. The Revenue has been growing by 10.13% on average per year.
EPS 1Y (TTM)-8.77%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-4.35%
Revenue 1Y (TTM)8.53%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%6.46%
3.2 Future
Based on estimates for the next years, POR will show a small growth in Earnings Per Share. The EPS will grow by 5.38% on average per year.
POR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.42% yearly.
EPS Next Y4.06%
EPS Next 2Y4.56%
EPS Next 3Y4.58%
EPS Next 5Y5.38%
Revenue Next Year11.81%
Revenue Next 2Y8.24%
Revenue Next 3Y6.77%
Revenue Next 5Y6.42%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
POR is valuated correctly with a Price/Earnings ratio of 15.16.
The rest of the industry has a similar Price/Earnings ratio as POR.
POR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
POR is valuated correctly with a Price/Forward Earnings ratio of 12.41.
Based on the Price/Forward Earnings ratio, POR is valued a bit cheaper than 64.58% of the companies in the same industry.
POR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.16 | ||
| Fwd PE | 12.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, POR is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.09 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates POR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.73
PEG (5Y)2.75
EPS Next 2Y4.56%
EPS Next 3Y4.58%
5. Dividend
5.1 Amount
POR has a Yearly Dividend Yield of 4.94%, which is a nice return.
Compared to an average industry Dividend Yield of 3.47, POR pays a better dividend. On top of this POR pays more dividend than 87.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, POR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
5.2 History
The dividend of POR has a limited annual growth rate of 4.85%.
POR has been paying a dividend for at least 10 years, so it has a reliable track record.
POR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.85%
Div Incr Years18
Div Non Decr Years18
5.3 Sustainability
POR pays out 72.45% of its income as dividend. This is not a sustainable payout ratio.
The dividend of POR is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP72.45%
EPS Next 2Y4.56%
EPS Next 3Y4.58%
42.6
+0.3 (+0.71%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners101.6%
Inst Owner Change-1.76%
Ins Owners0.53%
Ins Owner Change1.53%
Market Cap4.67B
Analysts70.59
Price Target47.43 (11.34%)
Short Float %4.16%
Short Ratio3.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
Yearly Dividend1.9
Dividend Growth(5Y)4.85%
DP72.45%
Div Incr Years18
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.8%
Min EPS beat(2)-7.86%
Max EPS beat(2)2.26%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-7.86%
Max EPS beat(4)2.8%
EPS beat(8)4
Avg EPS beat(8)-0.7%
EPS beat(12)7
Avg EPS beat(12)-1.03%
EPS beat(16)8
Avg EPS beat(16)-1.66%
Revenue beat(2)1
Avg Revenue beat(2)-2.3%
Min Revenue beat(2)-5.32%
Max Revenue beat(2)0.72%
Revenue beat(4)3
Avg Revenue beat(4)6.34%
Min Revenue beat(4)-5.32%
Max Revenue beat(4)22.99%
Revenue beat(8)6
Avg Revenue beat(8)5.38%
Revenue beat(12)10
Avg Revenue beat(12)8.74%
Revenue beat(16)14
Avg Revenue beat(16)9.06%
PT rev (1m)0.49%
PT rev (3m)-3.15%
EPS NQ rev (1m)1.44%
EPS NQ rev (3m)5.98%
EPS NY rev (1m)0%
EPS NY rev (3m)0.03%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.22%
Revenue NY rev (3m)-0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.16 | ||
| Fwd PE | 12.41 | ||
| P/S | 1.34 | ||
| P/FCF | N/A | ||
| P/OCF | 4.76 | ||
| P/B | 1.21 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 9.09 |
EPS(TTM)2.81
EY6.6%
EPS(NY)3.43
Fwd EY8.06%
FCF(TTM)-2.37
FCFYN/A
OCF(TTM)8.95
OCFY21.02%
SpS31.84
BVpS35.16
TBVpS35.16
PEG (NY)3.73
PEG (5Y)2.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.63% | ||
| ROCE | 4.42% | ||
| ROIC | 3.82% | ||
| ROICexc | 3.85% | ||
| ROICexgc | 3.85% | ||
| OM | 14.91% | ||
| PM (TTM) | 8.43% | ||
| GM | 46.85% | ||
| FCFM | N/A |
ROA(3y)2.25%
ROA(5y)2.21%
ROE(3y)7.83%
ROE(5y)7.69%
ROIC(3y)3.68%
ROIC(5y)3.51%
ROICexc(3y)3.75%
ROICexc(5y)3.58%
ROICexgc(3y)4.12%
ROICexgc(5y)3.94%
ROCE(3y)4.28%
ROCE(5y)4.08%
ROICexcg growth 3Y0.98%
ROICexcg growth 5Y-0.73%
ROICexc growth 3Y1.2%
ROICexc growth 5Y-0.49%
OM growth 3Y-1.92%
OM growth 5Y-2.79%
PM growth 3Y-3.68%
PM growth 5Y-2.03%
GM growth 3Y-4.39%
GM growth 5Y-3.94%
F-Score5
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.69 | ||
| Cap/Depr | 233.27% | ||
| Cap/Sales | 35.58% | ||
| Interest Coverage | 2.78 | ||
| Cash Conversion | 93.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 0.92 |
F-Score5
WACC5.99%
ROIC/WACC0.64
Cap/Depr(3y)245.28%
Cap/Depr(5y)213.19%
Cap/Sales(3y)37.42%
Cap/Sales(5y)35.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.77%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-4.35%
EPS Next Y4.06%
EPS Next 2Y4.56%
EPS Next 3Y4.58%
EPS Next 5Y5.38%
Revenue 1Y (TTM)8.53%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%6.46%
Revenue Next Year11.81%
Revenue Next 2Y8.24%
Revenue Next 3Y6.77%
Revenue Next 5Y6.42%
EBIT growth 1Y9.24%
EBIT growth 3Y10.64%
EBIT growth 5Y7.06%
EBIT Next Year114.87%
EBIT Next 3Y36.42%
EBIT Next 5Y24.95%
FCF growth 1Y58.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y168.03%
OCF growth 3Y13.51%
OCF growth 5Y7.34%