PORTLAND GENERAL ELECTRIC CO (POR) Stock Fundamental Analysis
NYSE:POR - New York Stock Exchange, Inc. - US7365088472 - Common Stock - Currency: USD
POR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 47 industry peers in the Electric Utilities industry. POR has a bad profitability rating. Also its financial health evaluation is rather negative. POR has a correct valuation and a medium growth rate. Finally POR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year POR was profitable.
POR had a positive operating cash flow in the past year.
POR had positive earnings in each of the past 5 years.
Each year in the past 5 years POR had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.39%, POR is not doing good in the industry: 70.21% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 7.91%, POR is doing worse than 76.60% of the companies in the same industry.
With a Return On Invested Capital value of 3.80%, POR is not doing good in the industry: 68.09% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for POR is significantly below the industry average of 38.54%.
The 3 year average ROIC (3.68%) for POR is below the current ROIC(3.80%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.39% | ||
| ROE | 7.91% | ||
| ROIC | 3.8% |
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
POR has a worse Profit Margin (8.84%) than 76.60% of its industry peers.
In the last couple of years the Profit Margin of POR has declined.
The Operating Margin of POR (15.06%) is worse than 80.85% of its industry peers.
POR's Operating Margin has declined in the last couple of years.
POR has a Gross Margin (46.84%) which is comparable to the rest of the industry.
POR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.06% | ||
| PM (TTM) | 8.84% | ||
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), POR is destroying value.
POR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, POR has more shares outstanding
Compared to 1 year ago, POR has an improved debt to assets ratio.
2.2 Solvency
POR has an Altman-Z score of 0.90. This is a bad value and indicates that POR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of POR (0.90) is comparable to the rest of the industry.
POR has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of POR (1.28) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.9 |
ROIC/WACC0.46
WACC8.36%
2.3 Liquidity
POR has a Current Ratio of 1.06. This is a normal value and indicates that POR is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.06, POR perfoms like the industry average, outperforming 59.57% of the companies in the same industry.
A Quick Ratio of 0.94 indicates that POR may have some problems paying its short term obligations.
With a decent Quick ratio value of 0.94, POR is doing good in the industry, outperforming 61.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
POR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.16%.
The Earnings Per Share has been growing slightly by 5.52% on average over the past years.
The Revenue has grown by 10.79% in the past year. This is quite good.
POR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.13% yearly.
EPS 1Y (TTM)2.16%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-24.79%
Revenue 1Y (TTM)10.79%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%-0.11%
3.2 Future
POR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.43% yearly.
Based on estimates for the next years, POR will show a small growth in Revenue. The Revenue will grow by 6.68% on average per year.
EPS Next Y4.03%
EPS Next 2Y4.26%
EPS Next 3Y4.25%
EPS Next 5Y5.43%
Revenue Next Year12.18%
Revenue Next 2Y8.14%
Revenue Next 3Y6.57%
Revenue Next 5Y6.68%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.31 indicates a correct valuation of POR.
Based on the Price/Earnings ratio, POR is valued a bit cheaper than 61.70% of the companies in the same industry.
POR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.15.
POR is valuated reasonably with a Price/Forward Earnings ratio of 11.90.
POR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. POR is cheaper than 70.21% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.60. POR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 11.9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, POR is valued a bit cheaper than the industry average as 65.96% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.99 |
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)3.55
PEG (5Y)2.59
EPS Next 2Y4.26%
EPS Next 3Y4.25%
5. Dividend
5.1 Amount
POR has a Yearly Dividend Yield of 5.20%, which is a nice return.
POR's Dividend Yield is rather good when compared to the industry average which is at 3.67. POR pays more dividend than 87.23% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, POR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
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
68.09% of the earnings are spent on dividend by POR. 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.
DP68.09%
EPS Next 2Y4.26%
EPS Next 3Y4.25%
40.63
+0.43 (+1.07%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners102.58%
Inst Owner Change2.62%
Ins Owners0.5%
Ins Owner Change9.81%
Market Cap4.45B
Analysts72.63
Price Target48.63 (19.69%)
Short Float %3.95%
Short Ratio4.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
Yearly Dividend1.9
Dividend Growth(5Y)4.85%
DP68.09%
Div Incr Years18
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.32%
Min EPS beat(2)-7.86%
Max EPS beat(2)-2.78%
EPS beat(4)2
Avg EPS beat(4)0.39%
Min EPS beat(4)-7.86%
Max EPS beat(4)9.41%
EPS beat(8)3
Avg EPS beat(8)-3.39%
EPS beat(12)7
Avg EPS beat(12)0.94%
EPS beat(16)7
Avg EPS beat(16)-2.03%
Revenue beat(2)1
Avg Revenue beat(2)8.83%
Min Revenue beat(2)-5.32%
Max Revenue beat(2)22.99%
Revenue beat(4)3
Avg Revenue beat(4)7.35%
Min Revenue beat(4)-5.32%
Max Revenue beat(4)22.99%
Revenue beat(8)6
Avg Revenue beat(8)6.82%
Revenue beat(12)10
Avg Revenue beat(12)9.52%
Revenue beat(16)14
Avg Revenue beat(16)9.63%
PT rev (1m)-1.55%
PT rev (3m)-1.89%
EPS NQ rev (1m)-0.28%
EPS NQ rev (3m)9.07%
EPS NY rev (1m)0%
EPS NY rev (3m)0.31%
Revenue NQ rev (1m)-1.3%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)5.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.31 | ||
| Fwd PE | 11.9 | ||
| P/S | 1.29 | ||
| P/FCF | N/A | ||
| P/OCF | 5.34 | ||
| P/B | 1.16 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | 8.99 |
EPS(TTM)2.84
EY6.99%
EPS(NY)3.41
Fwd EY8.4%
FCF(TTM)-4.27
FCFYN/A
OCF(TTM)7.62
OCFY18.74%
SpS31.4
BVpS35.1
TBVpS35.1
PEG (NY)3.55
PEG (5Y)2.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.39% | ||
| ROE | 7.91% | ||
| ROCE | 4.4% | ||
| ROIC | 3.8% | ||
| ROICexc | 3.83% | ||
| ROICexgc | 3.83% | ||
| OM | 15.06% | ||
| PM (TTM) | 8.84% | ||
| 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-Score7
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.78 | ||
| Cap/Depr | 252.82% | ||
| Cap/Sales | 37.86% | ||
| Interest Coverage | 2.71 | ||
| Cash Conversion | 80.74% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 0.9 |
F-Score7
WACC8.36%
ROIC/WACC0.46
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)2.16%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-24.79%
EPS Next Y4.03%
EPS Next 2Y4.26%
EPS Next 3Y4.25%
EPS Next 5Y5.43%
Revenue 1Y (TTM)10.79%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%-0.11%
Revenue Next Year12.18%
Revenue Next 2Y8.14%
Revenue Next 3Y6.57%
Revenue Next 5Y6.68%
EBIT growth 1Y17.46%
EBIT growth 3Y10.64%
EBIT growth 5Y7.06%
EBIT Next Year113.78%
EBIT Next 3Y35.01%
EBIT Next 5Y25%
FCF growth 1Y3.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y116.06%
OCF growth 3Y13.51%
OCF growth 5Y7.34%