IDACORP INC (IDA)
US4511071064 - Common Stock
Overall IDA gets a fundamental rating of 4 out of 10. We evaluated IDA against 45 industry peers in the Electric Utilities industry. IDA has only an average score on both its financial health and profitability. IDA is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
IDA had positive earnings in the past year.
In the past year IDA had a positive cash flow from operations.
In the past 5 years IDA has always been profitable.
Each year in the past 5 years IDA had a positive operating cash flow.
1.2 Ratios
IDA's Return On Assets of 3.08% is fine compared to the rest of the industry. IDA outperforms 71.11% of its industry peers.
IDA has a Return On Equity (8.99%) which is in line with its industry peers.
IDA has a Return On Invested Capital (3.55%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for IDA is in line with the industry average of 4.43%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.08% | ||
| ROE | 8.99% | ||
| ROIC | 3.55% |
ROA(3y)3.31%
ROA(5y)3.35%
ROE(3y)9.14%
ROE(5y)9.23%
ROIC(3y)3.76%
ROIC(5y)3.9%
1.3 Margins
With a decent Profit Margin value of 14.79%, IDA is doing good in the industry, outperforming 73.33% of the companies in the same industry.
In the last couple of years the Profit Margin of IDA has declined.
IDA has a Operating Margin of 17.75%. This is comparable to the rest of the industry: IDA outperforms 48.89% of its industry peers.
In the last couple of years the Operating Margin of IDA has remained more or less at the same level.
Looking at the Gross Margin, with a value of 71.60%, IDA is in the better half of the industry, outperforming 75.56% of the companies in the same industry.
IDA's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.75% | ||
| PM (TTM) | 14.79% | ||
| GM | 71.6% |
OM growth 3Y-6.23%
OM growth 5Y-0.02%
PM growth 3Y-5.6%
PM growth 5Y-2.22%
GM growth 3Y-2.6%
GM growth 5Y-1.5%
2. Health
2.1 Basic Checks
IDA 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 IDA remains at a similar level compared to 1 year ago.
IDA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IDA is higher compared to a year ago.
2.2 Solvency
IDA has an Altman-Z score of 1.24. This is a bad value and indicates that IDA is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.24, IDA belongs to the top of the industry, outperforming 84.44% of the companies in the same industry.
IDA has a Debt/Equity ratio of 0.95. This is a neutral value indicating IDA is somewhat dependend on debt financing.
IDA has a Debt to Equity ratio of 0.95. This is in the better half of the industry: IDA outperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.24 |
ROIC/WACC0.49
WACC7.28%
2.3 Liquidity
IDA has a Current Ratio of 1.58. This is a normal value and indicates that IDA is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Current ratio value of 1.58, IDA belongs to the best of the industry, outperforming 82.22% of the companies in the same industry.
A Quick Ratio of 1.33 indicates that IDA should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.33, IDA belongs to the top of the industry, outperforming 84.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
IDA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.59%.
Measured over the past 5 years, IDA shows a small growth in Earnings Per Share. The EPS has been growing by 2.74% on average per year.
IDA shows a small growth in Revenue. In the last year, the Revenue has grown by 7.44%.
IDA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.20% yearly.
EPS 1Y (TTM)0.59%
EPS 3Y3.09%
EPS 5Y2.74%
EPS growth Q2Q-26.51%
Revenue 1Y (TTM)7.44%
Revenue growth 3Y9.36%
Revenue growth 5Y5.2%
Revenue growth Q2Q-2.61%
3.2 Future
The Earnings Per Share is expected to grow by 5.81% on average over the next years.
IDA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.98% yearly.
EPS Next Y5.98%
EPS Next 2Y6.46%
EPS Next 3Y5.63%
EPS Next 5Y5.81%
Revenue Next Year3.52%
Revenue Next 2Y4.75%
Revenue Next 3Y6.35%
Revenue Next 5Y4.98%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.44, which indicates a rather expensive current valuation of IDA.
Based on the Price/Earnings ratio, IDA is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 24.67. IDA is valued slightly cheaper when compared to this.
IDA is valuated rather expensively with a Price/Forward Earnings ratio of 17.40.
Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than 73.33% of the companies in the same industry.
IDA's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.02.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 17.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IDA is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.22 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IDA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.08
PEG (5Y)6.73
EPS Next 2Y6.46%
EPS Next 3Y5.63%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 3.51%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.20, IDA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.40, IDA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.51% |
5.2 History
The dividend of IDA is nicely growing with an annual growth rate of 6.05%!
IDA has paid a dividend for at least 10 years, which is a reliable track record.
IDA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.05%
Div Incr Years12
Div Non Decr Years19
5.3 Sustainability
IDA pays out 62.60% of its income as dividend. This is not a sustainable payout ratio.
The dividend of IDA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP62.6%
EPS Next 2Y6.46%
EPS Next 3Y5.63%
IDACORP INC
NYSE:IDA (4/30/2024, 7:04:12 PM)
After market: 94.78 0 (0%)94.78
-0.11 (-0.12%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.80B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.51% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.44 | ||
| Fwd PE | 17.4 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.08
PEG (5Y)6.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.08% | ||
| ROE | 8.99% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.75% | ||
| PM (TTM) | 14.79% | ||
| GM | 71.6% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)0.59%
EPS 3Y3.09%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.98%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.44%
Revenue growth 3Y9.36%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y