IDACORP INC (IDA) Stock Fundamental Analysis
USA - NYSE:IDA - US4511071064 - Common Stock
128.29 USD
-0.88 (-0.68%)
128.29 USD
0 (0%)
Taking everything into account, IDA scores 4 out of 10 in our fundamental rating. IDA was compared to 47 industry peers in the Electric Utilities industry. While IDA is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, IDA is valued expensive at the moment.
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.
IDA had positive earnings in each of the past 5 years.
Each year in the past 5 years IDA had a positive operating cash flow.
1.2 Ratios
IDA has a Return On Assets of 3.09%. This is in the better half of the industry: IDA outperforms 61.70% of its industry peers.
IDA has a worse Return On Equity (9.03%) than 63.83% of its industry peers.
IDA has a Return On Invested Capital of 2.84%. This is amonst the worse of the industry: IDA underperforms 87.23% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IDA is in line with the industry average of 5.02%.
| 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 Profit Margin of 16.96%. This is amongst the best in the industry. IDA outperforms 87.23% of its industry peers.
IDA's Profit Margin has declined in the last couple of years.
The Operating Margin of IDA (18.26%) is worse than 65.96% of its industry peers.
IDA's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 78.97%, IDA is doing good in the industry, outperforming 76.60% of the companies in the same industry.
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 | 18.26% | ||
| 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.
Compared to 1 year ago, IDA has more shares outstanding
The number of shares outstanding for IDA has been increased compared to 5 years ago.
The debt/assets ratio for IDA has been reduced compared to a year ago.
2.2 Solvency
IDA has an Altman-Z score of 1.28. This is a bad value and indicates that IDA is not financially healthy and even has some risk of bankruptcy.
IDA has a better Altman-Z score (1.28) than 72.34% of its industry peers.
IDA has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.08, IDA is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.28 |
ROIC/WACC0.4
WACC7.03%
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.
Looking at the Current ratio, with a value of 1.45, IDA belongs to the top of the industry, outperforming 82.98% of the companies in the same industry.
A Quick Ratio of 1.12 indicates that IDA should not have too much problems paying its short term obligations.
IDA has a Quick ratio of 1.12. This is in the better half of the industry: IDA outperforms 76.60% 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 7.98% over the past year.
The Earnings Per Share has been growing slightly by 3.56% on average over the past years.
The Revenue has been growing slightly by 3.41% in the past year.
The Revenue has been growing slightly by 6.29% on average over the past years.
EPS 1Y (TTM)7.98%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%6.6%
Revenue 1Y (TTM)3.41%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.78%
3.2 Future
IDA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.33% yearly.
The Revenue is expected to grow by 7.57% on average over the next years.
EPS Next Y7.71%
EPS Next 2Y8.43%
EPS Next 3Y8.55%
EPS Next 5Y8.33%
Revenue Next Year4.9%
Revenue Next 2Y6.29%
Revenue Next 3Y6.66%
Revenue Next 5Y7.57%
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
IDA is valuated rather expensively with a Price/Earnings ratio of 22.04.
Based on the Price/Earnings ratio, IDA is valued a bit more expensive than the industry average as 74.47% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 25.89. IDA is around the same levels.
IDA is valuated rather expensively with a Price/Forward Earnings ratio of 19.91.
Compared to the rest of the industry, the Price/Forward 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/Forward Earnings ratio of IDA to the average of the S&P500 Index (34.59), we can say IDA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.04 | ||
| Fwd PE | 19.91 |
4.2 Price Multiples
IDA's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. IDA is more expensive than 80.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.81 |
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)2.86
PEG (5Y)6.19
EPS Next 2Y8.43%
EPS Next 3Y8.55%
5. Dividend
5.1 Amount
IDA has a Yearly Dividend Yield of 2.75%.
Compared to an average industry Dividend Yield of 3.22, IDA is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, IDA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
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 60.32% 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 2Y8.43%
EPS Next 3Y8.55%
128.29
-0.88 (-0.68%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners100.99%
Inst Owner Change0.67%
Ins Owners0.36%
Ins Owner Change-0.55%
Market Cap6.93B
Revenue(TTM)1.83B
Net Income(TTM)306.91M
Analysts81.67
Price Target143.69 (12%)
Short Float %6.33%
Short Ratio8.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
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)5%
PT rev (3m)9.21%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)-0.29%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.41%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-0.3%
Revenue NY rev (1m)1.46%
Revenue NY rev (3m)1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.04 | ||
| Fwd PE | 19.91 | ||
| P/S | 3.83 | ||
| P/FCF | N/A | ||
| P/OCF | 10.84 | ||
| P/B | 2.04 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | 17.81 |
EPS(TTM)5.82
EY4.54%
EPS(NY)6.44
Fwd EY5.02%
FCF(TTM)-5.52
FCFYN/A
OCF(TTM)11.84
OCFY9.23%
SpS33.5
BVpS62.92
TBVpS62.92
PEG (NY)2.86
PEG (5Y)6.19
Graham Number90.77
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%
ROICexgc growth 3Y1.39%
ROICexgc 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 | 1.28 |
F-Score4
WACC7.03%
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)7.98%
EPS 3Y4.15%
EPS 5Y3.56%
EPS Q2Q%6.6%
EPS Next Y7.71%
EPS Next 2Y8.43%
EPS Next 3Y8.55%
EPS Next 5Y8.33%
Revenue 1Y (TTM)3.41%
Revenue growth 3Y7.8%
Revenue growth 5Y6.29%
Sales Q2Q%-0.78%
Revenue Next Year4.9%
Revenue Next 2Y6.29%
Revenue Next 3Y6.66%
Revenue Next 5Y7.57%
EBIT growth 1Y4.59%
EBIT growth 3Y8.48%
EBIT growth 5Y7.15%
EBIT Next Year83.04%
EBIT Next 3Y38.01%
EBIT Next 5Y27.55%
FCF growth 1Y3.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y216.48%
OCF growth 3Y17.84%
OCF growth 5Y10.15%
IDACORP INC / IDA FAQ
What is the fundamental rating for IDA stock?
ChartMill assigns a fundamental rating of 4 / 10 to IDA.
What is the valuation status for IDA stock?
ChartMill assigns a valuation rating of 1 / 10 to IDACORP INC (IDA). This can be considered as Overvalued.
How profitable is IDACORP INC (IDA) stock?
IDACORP INC (IDA) has a profitability rating of 5 / 10.
What is the expected EPS growth for IDACORP INC (IDA) stock?
The Earnings per Share (EPS) of IDACORP INC (IDA) is expected to grow by 7.71% in the next year.
How sustainable is the dividend of IDACORP INC (IDA) stock?
The dividend rating of IDACORP INC (IDA) is 5 / 10 and the dividend payout ratio is 60.32%.