IDACORP INC (IDA) Stock Fundamental Analysis
NYSE:IDA - New York Stock Exchange, Inc. - US4511071064 - Common Stock - Currency: USD
Overall IDA gets a fundamental rating of 4 out of 10. We evaluated IDA against 47 industry peers in the Electric Utilities industry. IDA has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, IDA is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year IDA was profitable.
In the past year IDA had a positive cash flow from operations.
Each year in the past 5 years IDA has been profitable.
In the past 5 years IDA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.13%, IDA is in the better half of the industry, outperforming 61.70% of the companies in the same industry.
IDA has a Return On Equity of 8.98%. This is comparable to the rest of the industry: IDA outperforms 40.43% of its industry peers.
The Return On Invested Capital of IDA (2.95%) is worse than 87.23% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IDA is significantly below the industry average of 38.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.13% | ||
| ROE | 8.98% | ||
| ROIC | 2.95% |
ROA(3y)3.21%
ROA(5y)3.28%
ROE(3y)8.96%
ROE(5y)9.07%
ROIC(3y)3.38%
ROIC(5y)3.49%
1.3 Margins
IDA's Profit Margin of 16.61% is amongst the best of the industry. IDA outperforms 80.85% of its industry peers.
In the last couple of years the Profit Margin of IDA has declined.
IDA has a worse Operating Margin (18.41%) than 63.83% of its industry peers.
IDA's Operating Margin has been stable in the last couple of years.
IDA has a Gross Margin of 78.60%. This is in the better half of the industry: IDA outperforms 74.47% of its industry peers.
In the last couple of years the Gross Margin of IDA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.41% | ||
| PM (TTM) | 16.61% | ||
| GM | 78.6% |
OM growth 3Y0.63%
OM growth 5Y0.81%
PM growth 3Y-2.05%
PM growth 5Y-1.76%
GM growth 3Y1.97%
GM growth 5Y-0.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IDA is destroying value.
The number of shares outstanding for IDA has been increased compared to 1 year ago.
Compared to 5 years ago, IDA has more shares outstanding
The debt/assets ratio for IDA has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.30, we must say that IDA is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of IDA (1.30) is better than 76.60% of its industry peers.
IDA has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
IDA's Debt to Equity ratio of 1.03 is fine compared to the rest of the industry. IDA outperforms 63.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.3 |
ROIC/WACC0.41
WACC7.16%
2.3 Liquidity
IDA has a Current Ratio of 1.81. This is a normal value and indicates that IDA is financially healthy and should not expect problems in meeting its short term obligations.
IDA has a better Current ratio (1.81) than 82.98% of its industry peers.
IDA has a Quick Ratio of 1.44. This is a normal value and indicates that IDA is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of IDA (1.44) is better than 78.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.05% over the past year.
IDA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.56% yearly.
IDA shows a small growth in Revenue. In the last year, the Revenue has grown by 1.38%.
IDA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.29% yearly.
EPS 1Y (TTM)13.05%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%15.79%
Revenue 1Y (TTM)1.38%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-3.67%
3.2 Future
The Earnings Per Share is expected to grow by 7.97% on average over the next years.
IDA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.93% yearly.
EPS Next Y7.27%
EPS Next 2Y8.4%
EPS Next 3Y8.38%
EPS Next 5Y7.97%
Revenue Next Year3.61%
Revenue Next 2Y6.87%
Revenue Next 3Y7.06%
Revenue Next 5Y8.93%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.12, which indicates a rather expensive current valuation of IDA.
Compared to the rest of the industry, the Price/Earnings ratio of IDA indicates a slightly more expensive valuation: IDA is more expensive than 72.34% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of IDA to the average of the S&P500 Index (27.48), we can say IDA is valued slightly cheaper.
With a Price/Forward Earnings ratio of 18.47, IDA is valued on the expensive side.
72.34% of the companies in the same industry are cheaper than IDA, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.52. IDA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.12 | ||
| Fwd PE | 18.47 |
4.2 Price Multiples
IDA's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. IDA is more expensive than 82.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.29 |
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)2.91
PEG (5Y)5.93
EPS Next 2Y8.4%
EPS Next 3Y8.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.92%, IDA has a reasonable but not impressive dividend return.
IDA's Dividend Yield is slightly below the industry average, which is at 3.64.
Compared to an average S&P500 Dividend Yield of 2.34, IDA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
5.2 History
The dividend of IDA has a limited annual growth rate of 5.58%.
IDA has been paying a dividend for at least 10 years, so it has a reliable track record.
IDA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.58%
Div Incr Years13
Div Non Decr Years20
5.3 Sustainability
IDA pays out 60.12% of its income as dividend. This is not a sustainable payout ratio.
The dividend of IDA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP60.12%
EPS Next 2Y8.4%
EPS Next 3Y8.38%
118.93
+0.33 (+0.28%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners89.64%
Inst Owner Change0%
Ins Owners0.36%
Ins Owner Change2.69%
Market Cap6.42B
Analysts80
Price Target129.03 (8.49%)
Short Float %6.07%
Short Ratio6.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
Yearly Dividend3.38
Dividend Growth(5Y)5.58%
DP60.12%
Div Incr Years13
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.26%
Min EPS beat(2)3.87%
Max EPS beat(2)10.64%
EPS beat(4)3
Avg EPS beat(4)8.57%
Min EPS beat(4)-3.59%
Max EPS beat(4)23.36%
EPS beat(8)6
Avg EPS beat(8)3.49%
EPS beat(12)8
Avg EPS beat(12)3.86%
EPS beat(16)10
Avg EPS beat(16)4.58%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-2.24%
Max Revenue beat(2)1.15%
Revenue beat(4)2
Avg Revenue beat(4)-4.09%
Min Revenue beat(4)-16.71%
Max Revenue beat(4)1.46%
Revenue beat(8)5
Avg Revenue beat(8)8.95%
Revenue beat(12)9
Avg Revenue beat(12)14.64%
Revenue beat(16)13
Avg Revenue beat(16)14.89%
PT rev (1m)-0.1%
PT rev (3m)2.12%
EPS NQ rev (1m)0.67%
EPS NQ rev (3m)-1.54%
EPS NY rev (1m)0.25%
EPS NY rev (3m)-0.37%
Revenue NQ rev (1m)1.92%
Revenue NQ rev (3m)1.21%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-2.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.12 | ||
| Fwd PE | 18.47 | ||
| P/S | 3.55 | ||
| P/FCF | N/A | ||
| P/OCF | 10.55 | ||
| P/B | 1.92 | ||
| P/tB | 1.92 | ||
| EV/EBITDA | 16.29 |
EPS(TTM)5.63
EY4.73%
EPS(NY)6.44
Fwd EY5.41%
FCF(TTM)-6.32
FCFYN/A
OCF(TTM)11.27
OCFY9.48%
SpS33.51
BVpS61.95
TBVpS61.95
PEG (NY)2.91
PEG (5Y)5.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.13% | ||
| ROE | 8.98% | ||
| ROCE | 3.74% | ||
| ROIC | 2.95% | ||
| ROICexc | 3.18% | ||
| ROICexgc | 3.18% | ||
| OM | 18.41% | ||
| PM (TTM) | 16.61% | ||
| GM | 78.6% | ||
| FCFM | N/A |
ROA(3y)3.21%
ROA(5y)3.28%
ROE(3y)8.96%
ROE(5y)9.07%
ROIC(3y)3.38%
ROIC(5y)3.49%
ROICexc(3y)3.51%
ROICexc(5y)3.63%
ROICexgc(3y)3.51%
ROICexgc(5y)3.63%
ROCE(3y)4.27%
ROCE(5y)4.42%
ROICexcg growth 3Y1.39%
ROICexcg growth 5Y0.9%
ROICexc growth 3Y1.39%
ROICexc growth 5Y0.9%
OM growth 3Y0.63%
OM growth 5Y0.81%
PM growth 3Y-2.05%
PM growth 5Y-1.76%
GM growth 3Y1.97%
GM growth 5Y-0.43%
F-Score6
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.08 | ||
| Cap/Depr | 406.71% | ||
| Cap/Sales | 52.52% | ||
| Interest Coverage | 2.99 | ||
| Cash Conversion | 107.43% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 1.3 |
F-Score6
WACC7.16%
ROIC/WACC0.41
Cap/Depr(3y)332.46%
Cap/Depr(5y)268.27%
Cap/Sales(3y)38.72%
Cap/Sales(5y)31.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.05%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%15.79%
EPS Next Y7.27%
EPS Next 2Y8.4%
EPS Next 3Y8.38%
EPS Next 5Y7.97%
Revenue 1Y (TTM)1.38%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-3.67%
Revenue Next Year3.61%
Revenue Next 2Y6.87%
Revenue Next 3Y7.06%
Revenue Next 5Y8.93%
EBIT growth 1Y12.94%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year79.61%
EBIT Next 3Y38%
EBIT Next 5Y29.01%
FCF growth 1Y-21.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y262.73%
OCF growth 3Y17.84%
OCF growth 5Y10.15%