IDACORP INC (IDA) Stock Fundamental Analysis
USA - NYSE:IDA - US4511071064 - Common Stock
134.46 USD
-0.08 (-0.06%)
134.46 USD
0 (0%)
IDA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals 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.
IDA had a positive operating cash flow in the past year.
Each year in the past 5 years IDA has been profitable.
IDA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.09%, IDA is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
IDA's Return On Equity of 9.03% is on the low side compared to the rest of the industry. IDA is outperformed by 63.83% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.84%, IDA is doing worse than 85.11% of the companies in the same industry.
IDA had an Average Return On Invested Capital over the past 3 years of 3.38%. This is in line with the industry average of 4.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 9.03% | ||
| ROIC | 2.84% |
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 has a better Profit Margin (16.96%) than 78.72% of its industry peers.
In the last couple of years the Profit Margin of IDA has declined.
Looking at the Operating Margin, with a value of 18.26%, IDA is doing worse than 63.83% of the companies in the same industry.
In the last couple of years the Operating Margin of IDA has remained more or less at the same level.
IDA has a Gross Margin of 78.97%. This is in the better half of the industry: IDA outperforms 74.47% of its industry peers.
IDA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.26% | ||
| PM (TTM) | 16.96% | ||
| GM | 78.97% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IDA is destroying value.
The number of shares outstanding for IDA has been increased compared to 1 year ago.
IDA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IDA has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.31, we must say that IDA is in the distress zone and has some risk of bankruptcy.
IDA has a better Altman-Z score (1.31) than 74.47% of its industry peers.
A Debt/Equity ratio of 1.08 is on the high side and indicates that IDA has dependencies on debt financing.
IDA has a Debt to Equity ratio of 1.08. This is in the better half of the industry: IDA outperforms 63.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.31 |
ROIC/WACC0.4
WACC7.09%
2.3 Liquidity
IDA has a Current Ratio of 1.45. 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 Current ratio of 1.45. This is in the better half of the industry: IDA outperforms 76.60% of its industry peers.
A Quick Ratio of 1.12 indicates that IDA should not have too much problems paying its short term obligations.
The Quick ratio of IDA (1.12) is better than 74.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.37% 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.
The Revenue has decreased by -0.70% in the past year.
The Revenue has been growing slightly by 6.29% on average over the past years.
EPS 1Y (TTM)6.37%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%2.92%
Revenue 1Y (TTM)-0.7%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.04%
3.2 Future
Based on estimates for the next years, IDA will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.08% on average per year.
The Revenue is expected to grow by 8.93% on average over the next years. This is quite good.
EPS Next Y7.73%
EPS Next 2Y8.61%
EPS Next 3Y8.45%
EPS Next 5Y9.08%
Revenue Next Year3.39%
Revenue Next 2Y5.96%
Revenue Next 3Y5.41%
Revenue Next 5Y8.93%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
A Price/Earnings ratio of 23.67 indicates a rather expensive valuation of IDA.
Based on the Price/Earnings ratio, IDA is valued more expensive than 80.85% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.02. IDA is around the same levels.
The Price/Forward Earnings ratio is 20.80, which indicates a rather expensive current valuation of IDA.
Based on the Price/Forward Earnings ratio, IDA is valued a bit more expensive than the industry average as 76.60% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.57. IDA is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 20.8 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IDA is valued a bit more expensive than 78.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.32 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.06
PEG (5Y)6.64
EPS Next 2Y8.61%
EPS Next 3Y8.45%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 2.61%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.37, IDA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, IDA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
5.2 History
The dividend of IDA has a limited annual growth rate of 5.58%.
IDA has paid a dividend for at least 10 years, which is 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 60.32% 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.
DP60.32%
EPS Next 2Y8.61%
EPS Next 3Y8.45%
134.46
-0.08 (-0.06%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners100.99%
Inst Owner Change0%
Ins Owners0.36%
Ins Owner Change-0.55%
Market Cap7.26B
Analysts82
Price Target136.85 (1.78%)
Short Float %6.5%
Short Ratio8.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
Yearly Dividend3.38
Dividend Growth(5Y)5.58%
DP60.32%
Div Incr Years13
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.93%
Min EPS beat(2)-2.01%
Max EPS beat(2)3.87%
EPS beat(4)2
Avg EPS beat(4)2.23%
Min EPS beat(4)-3.59%
Max EPS beat(4)10.64%
EPS beat(8)5
Avg EPS beat(8)2.26%
EPS beat(12)8
Avg EPS beat(12)4.02%
EPS beat(16)9
Avg EPS beat(16)3.76%
Revenue beat(2)1
Avg Revenue beat(2)-7.4%
Min Revenue beat(2)-15.95%
Max Revenue beat(2)1.15%
Revenue beat(4)1
Avg Revenue beat(4)-8.44%
Min Revenue beat(4)-16.71%
Max Revenue beat(4)1.15%
Revenue beat(8)4
Avg Revenue beat(8)4.17%
Revenue beat(12)8
Avg Revenue beat(12)13.04%
Revenue beat(16)12
Avg Revenue beat(16)13.09%
PT rev (1m)2.03%
PT rev (3m)6.06%
EPS NQ rev (1m)-1.06%
EPS NQ rev (3m)-2.93%
EPS NY rev (1m)0%
EPS NY rev (3m)0.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 20.8 | ||
| P/S | 4.01 | ||
| P/FCF | N/A | ||
| P/OCF | 11.36 | ||
| P/B | 2.14 | ||
| P/tB | 2.14 | ||
| EV/EBITDA | 18.32 |
EPS(TTM)5.68
EY4.22%
EPS(NY)6.46
Fwd EY4.81%
FCF(TTM)-5.52
FCFYN/A
OCF(TTM)11.84
OCFY8.8%
SpS33.5
BVpS62.92
TBVpS62.92
PEG (NY)3.06
PEG (5Y)6.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 9.03% | ||
| ROCE | 3.59% | ||
| ROIC | 2.84% | ||
| ROICexc | 2.99% | ||
| ROICexgc | 2.99% | ||
| OM | 18.26% | ||
| PM (TTM) | 16.96% | ||
| GM | 78.97% | ||
| 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-Score4
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.42 | ||
| Cap/Depr | 389.85% | ||
| Cap/Sales | 51.82% | ||
| Interest Coverage | 2.88 | ||
| Cash Conversion | 112% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 1.31 |
F-Score4
WACC7.09%
ROIC/WACC0.4
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)6.37%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%2.92%
EPS Next Y7.73%
EPS Next 2Y8.61%
EPS Next 3Y8.45%
EPS Next 5Y9.08%
Revenue 1Y (TTM)-0.7%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.04%
Revenue Next Year3.39%
Revenue Next 2Y5.96%
Revenue Next 3Y5.41%
Revenue Next 5Y8.93%
EBIT growth 1Y4.59%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year83.04%
EBIT Next 3Y38.01%
EBIT Next 5Y29.01%
FCF growth 1Y3.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y216.48%
OCF growth 3Y17.84%
OCF growth 5Y10.15%