AVISTA CORP (AVA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AVA - US05379B1070 - Common Stock
41.38 USD
-0.07 (-0.17%)
41.38 USD
0 (0%)
AVA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 26 industry peers in the Multi-Utilities industry. Both the profitability and financial health of AVA have multiple concerns. AVA does not seem to be growing, but still is valued expensively. Finally AVA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
AVA had positive earnings in the past year.
AVA had a positive operating cash flow in the past year.
AVA had positive earnings in each of the past 5 years.
AVA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AVA has a worse Return On Assets (2.32%) than 69.23% of its industry peers.
Looking at the Return On Equity, with a value of 7.15%, AVA is doing worse than 76.92% of the companies in the same industry.
With a Return On Invested Capital value of 3.52%, AVA is not doing good in the industry: 80.77% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for AVA is in line with the industry average of 3.96%.
The 3 year average ROIC (2.73%) for AVA is below the current ROIC(3.52%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.15% | ||
| ROIC | 3.52% |
ROA(3y)2.19%
ROA(5y)2.15%
ROE(3y)6.83%
ROE(5y)6.74%
ROIC(3y)2.73%
ROIC(5y)2.82%
1.3 Margins
AVA's Profit Margin of 9.63% is on the low side compared to the rest of the industry. AVA is outperformed by 61.54% of its industry peers.
AVA's Profit Margin has declined in the last couple of years.
AVA's Operating Margin of 17.51% is on the low side compared to the rest of the industry. AVA is outperformed by 76.92% of its industry peers.
In the last couple of years the Operating Margin of AVA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.51% | ||
| PM (TTM) | 9.63% | ||
| GM | N/A |
OM growth 3Y-0.15%
OM growth 5Y-1.58%
PM growth 3Y-3.19%
PM growth 5Y-8.7%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
AVA 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 AVA has been increased compared to 1 year ago.
The number of shares outstanding for AVA has been increased compared to 5 years ago.
Compared to 1 year ago, AVA has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.89, we must say that AVA is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of AVA (0.89) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.18 is on the high side and indicates that AVA has dependencies on debt financing.
The Debt to Equity ratio of AVA (1.18) is better than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.89 |
ROIC/WACC0.56
WACC6.31%
2.3 Liquidity
A Current Ratio of 0.91 indicates that AVA may have some problems paying its short term obligations.
AVA's Current ratio of 0.91 is in line compared to the rest of the industry. AVA outperforms 50.00% of its industry peers.
AVA has a Quick Ratio of 0.91. This is a bad value and indicates that AVA is not financially healthy enough and could expect problems in meeting its short term obligations.
AVA has a Quick ratio of 0.60. This is amonst the worse of the industry: AVA underperforms 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
The earnings per share for AVA have decreased by -6.72% in the last year.
Measured over the past 5 years, AVA shows a small growth in Earnings Per Share. The EPS has been growing by 2.97% on average per year.
Looking at the last year, AVA shows a small growth in Revenue. The Revenue has grown by 2.14% in the last year.
AVA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.57% yearly.
EPS 1Y (TTM)-6.72%
EPS 3Y2.94%
EPS 5Y2.97%
EPS Q2Q%56.52%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y10.44%
Revenue growth 5Y7.57%
Sales Q2Q%2.35%
3.2 Future
The Earnings Per Share is expected to grow by 7.23% on average over the next years.
Based on estimates for the next years, AVA will show a small growth in Revenue. The Revenue will grow by 4.37% on average per year.
EPS Next Y10.3%
EPS Next 2Y10.19%
EPS Next 3Y8.42%
EPS Next 5Y7.23%
Revenue Next Year5.74%
Revenue Next 2Y3.43%
Revenue Next 3Y2.84%
Revenue Next 5Y4.37%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.53 indicates a rather expensive valuation of AVA.
AVA's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.31. AVA is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 14.95 indicates a correct valuation of AVA.
Based on the Price/Forward Earnings ratio, AVA is valued a bit cheaper than 65.38% of the companies in the same industry.
AVA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.53 | ||
| Fwd PE | 14.95 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AVA is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.77 |
4.3 Compensation for Growth
AVA's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.7
PEG (5Y)5.91
EPS Next 2Y10.19%
EPS Next 3Y8.42%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.73%, AVA is a good candidate for dividend investing.
AVA's Dividend Yield is rather good when compared to the industry average which is at 3.44. AVA pays more dividend than 96.15% of the companies in the same industry.
AVA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
5.2 History
The dividend of AVA has a limited annual growth rate of 4.18%.
AVA has been paying a dividend for at least 10 years, so it has a reliable track record.
AVA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.18%
Div Incr Years22
Div Non Decr Years25
5.3 Sustainability
82.75% of the earnings are spent on dividend by AVA. This is not a sustainable payout ratio.
AVA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP82.75%
EPS Next 2Y10.19%
EPS Next 3Y8.42%
41.38
-0.07 (-0.17%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners89.89%
Inst Owner Change-0.68%
Ins Owners0.59%
Ins Owner Change0.08%
Market Cap3.37B
Revenue(TTM)1.96B
Net Income(TTM)189.16M
Analysts52.31
Price Target42.02 (1.55%)
Short Float %3.76%
Short Ratio5.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
Yearly Dividend1.9
Dividend Growth(5Y)4.18%
DP82.75%
Div Incr Years22
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.78%
Min EPS beat(2)-44.54%
Max EPS beat(2)24.98%
EPS beat(4)1
Avg EPS beat(4)-6.82%
Min EPS beat(4)-44.54%
Max EPS beat(4)24.98%
EPS beat(8)3
Avg EPS beat(8)8.16%
EPS beat(12)6
Avg EPS beat(12)10.54%
EPS beat(16)8
Avg EPS beat(16)-1.7%
Revenue beat(2)0
Avg Revenue beat(2)-2.79%
Min Revenue beat(2)-4.5%
Max Revenue beat(2)-1.09%
Revenue beat(4)1
Avg Revenue beat(4)0.21%
Min Revenue beat(4)-4.5%
Max Revenue beat(4)9.75%
Revenue beat(8)4
Avg Revenue beat(8)3.29%
Revenue beat(12)7
Avg Revenue beat(12)5.57%
Revenue beat(16)10
Avg Revenue beat(16)6.75%
PT rev (1m)0.49%
PT rev (3m)0.49%
EPS NQ rev (1m)2.81%
EPS NQ rev (3m)8.01%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)-1.39%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.58%
Revenue NY rev (3m)-1.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.53 | ||
| Fwd PE | 14.95 | ||
| P/S | 1.71 | ||
| P/FCF | N/A | ||
| P/OCF | 6.94 | ||
| P/B | 1.27 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 9.77 |
EPS(TTM)2.36
EY5.7%
EPS(NY)2.77
Fwd EY6.69%
FCF(TTM)-0.28
FCFYN/A
OCF(TTM)5.96
OCFY14.41%
SpS24.21
BVpS32.61
TBVpS31.97
PEG (NY)1.7
PEG (5Y)5.91
Graham Number41.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.15% | ||
| ROCE | 4.63% | ||
| ROIC | 3.52% | ||
| ROICexc | 3.54% | ||
| ROICexgc | 3.56% | ||
| OM | 17.51% | ||
| PM (TTM) | 9.63% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)2.19%
ROA(5y)2.15%
ROE(3y)6.83%
ROE(5y)6.74%
ROIC(3y)2.73%
ROIC(5y)2.82%
ROICexc(3y)2.74%
ROICexc(5y)2.83%
ROICexgc(3y)2.76%
ROICexgc(5y)2.85%
ROCE(3y)3.65%
ROCE(5y)3.74%
ROICexgc growth 3Y3.49%
ROICexgc growth 5Y0.28%
ROICexc growth 3Y3.54%
ROICexc growth 5Y0.32%
OM growth 3Y-0.15%
OM growth 5Y-1.58%
PM growth 3Y-3.19%
PM growth 5Y-8.7%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.96 | ||
| Cap/Depr | 176.91% | ||
| Cap/Sales | 25.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.77% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | 0.89 |
F-Score4
WACC6.31%
ROIC/WACC0.56
Cap/Depr(3y)187%
Cap/Depr(5y)186.15%
Cap/Sales(3y)27.47%
Cap/Sales(5y)28.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.72%
EPS 3Y2.94%
EPS 5Y2.97%
EPS Q2Q%56.52%
EPS Next Y10.3%
EPS Next 2Y10.19%
EPS Next 3Y8.42%
EPS Next 5Y7.23%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y10.44%
Revenue growth 5Y7.57%
Sales Q2Q%2.35%
Revenue Next Year5.74%
Revenue Next 2Y3.43%
Revenue Next 3Y2.84%
Revenue Next 5Y4.37%
EBIT growth 1Y13.36%
EBIT growth 3Y10.27%
EBIT growth 5Y5.87%
EBIT Next Year97.09%
EBIT Next 3Y31.85%
EBIT Next 5YN/A
FCF growth 1Y86.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y57.54%
OCF growth 3Y25.95%
OCF growth 5Y6.04%
AVISTA CORP / AVA FAQ
Can you provide the ChartMill fundamental rating for AVISTA CORP?
ChartMill assigns a fundamental rating of 3 / 10 to AVA.
What is the valuation status for AVA stock?
ChartMill assigns a valuation rating of 3 / 10 to AVISTA CORP (AVA). This can be considered as Overvalued.
How profitable is AVISTA CORP (AVA) stock?
AVISTA CORP (AVA) has a profitability rating of 3 / 10.
What are the PE and PB ratios of AVISTA CORP (AVA) stock?
The Price/Earnings (PE) ratio for AVISTA CORP (AVA) is 17.53 and the Price/Book (PB) ratio is 1.27.
What is the financial health of AVISTA CORP (AVA) stock?
The financial health rating of AVISTA CORP (AVA) is 1 / 10.