ITRON INC (ITRI) Stock Fundamental Analysis
USA - NASDAQ:ITRI - US4657411066 - Common Stock
122.2 USD
-4.41 (-3.48%)
125 USD
+2.8 (+2.29%)
Taking everything into account, ITRI scores 5 out of 10 in our fundamental rating. ITRI was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. While ITRI has a great profitability rating, there are some minor concerns on its financial health. ITRI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year ITRI was profitable.
In the past year ITRI had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: ITRI reported negative net income in multiple years.
ITRI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ITRI's Return On Assets of 7.45% is amongst the best of the industry. ITRI outperforms 86.29% of its industry peers.
With an excellent Return On Equity value of 16.73%, ITRI belongs to the best of the industry, outperforming 85.48% of the companies in the same industry.
ITRI's Return On Invested Capital of 8.96% is fine compared to the rest of the industry. ITRI outperforms 79.84% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ITRI is below the industry average of 9.32%.
The last Return On Invested Capital (8.96%) for ITRI is above the 3 year average (5.07%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 16.73% | ||
| ROIC | 8.96% |
ROA(3y)3.44%
ROA(5y)0.94%
ROE(3y)7.92%
ROE(5y)1.87%
ROIC(3y)5.07%
ROIC(5y)4.06%
1.3 Margins
ITRI has a Profit Margin of 11.05%. This is amongst the best in the industry. ITRI outperforms 85.48% of its industry peers.
In the last couple of years the Profit Margin of ITRI has grown nicely.
With a decent Operating Margin value of 12.01%, ITRI is doing good in the industry, outperforming 79.03% of the companies in the same industry.
In the last couple of years the Operating Margin of ITRI has grown nicely.
ITRI's Gross Margin of 35.39% is in line compared to the rest of the industry. ITRI outperforms 59.68% of its industry peers.
In the last couple of years the Gross Margin of ITRI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.01% | ||
| PM (TTM) | 11.05% | ||
| GM | 35.39% |
OM growth 3Y76.32%
OM growth 5Y14.55%
PM growth 3YN/A
PM growth 5Y37.99%
GM growth 3Y5.93%
GM growth 5Y2.72%
2. Health
2.1 Basic Checks
ITRI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ITRI has been reduced compared to 1 year ago.
The number of shares outstanding for ITRI has been increased compared to 5 years ago.
Compared to 1 year ago, ITRI has a worse debt to assets ratio.
2.2 Solvency
ITRI has an Altman-Z score of 2.92. This is not the best score and indicates that ITRI is in the grey zone with still only limited risk for bankruptcy at the moment.
ITRI has a Altman-Z score (2.92) which is comparable to the rest of the industry.
The Debt to FCF ratio of ITRI is 4.34, which is a neutral value as it means it would take ITRI, 4.34 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.34, ITRI is doing good in the industry, outperforming 65.32% of the companies in the same industry.
ITRI has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.49, ITRI is doing worse than 70.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 2.92 |
ROIC/WACC1.06
WACC8.45%
2.3 Liquidity
ITRI has a Current Ratio of 2.04. This indicates that ITRI is financially healthy and has no problem in meeting its short term obligations.
ITRI's Current ratio of 2.04 is in line compared to the rest of the industry. ITRI outperforms 45.97% of its industry peers.
ITRI has a Quick Ratio of 1.75. This is a normal value and indicates that ITRI is financially healthy and should not expect problems in meeting its short term obligations.
ITRI has a Quick ratio (1.75) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
ITRI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.84%, which is quite impressive.
The Earnings Per Share has been growing by 11.11% on average over the past years. This is quite good.
ITRI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.90%.
Measured over the past years, ITRI shows a decrease in Revenue. The Revenue has been decreasing by -0.50% on average per year.
EPS 1Y (TTM)35.84%
EPS 3Y47.43%
EPS 5Y11.11%
EPS Q2Q%33.88%
Revenue 1Y (TTM)3.9%
Revenue growth 3Y7.19%
Revenue growth 5Y-0.5%
Sales Q2Q%-0.38%
3.2 Future
Based on estimates for the next years, ITRI will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.76% on average per year.
Based on estimates for the next years, ITRI will show a small growth in Revenue. The Revenue will grow by 5.44% on average per year.
EPS Next Y9.32%
EPS Next 2Y6.76%
EPS Next 3Y8.1%
EPS Next 5Y14.76%
Revenue Next Year-2.14%
Revenue Next 2Y1.62%
Revenue Next 3Y3.4%
Revenue Next 5Y5.44%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ITRI is valuated rather expensively with a Price/Earnings ratio of 19.30.
Based on the Price/Earnings ratio, ITRI is valued cheaply inside the industry as 80.65% of the companies are valued more expensively.
ITRI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.02, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 19.01, ITRI is valued on the expensive side.
Based on the Price/Forward Earnings ratio, ITRI is valued a bit cheaper than the industry average as 73.39% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ITRI to the average of the S&P500 Index (22.57), we can say ITRI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.3 | ||
| Fwd PE | 19.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ITRI is valued a bit cheaper than the industry average as 68.55% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ITRI indicates a rather cheap valuation: ITRI is cheaper than 82.26% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.47 | ||
| EV/EBITDA | 16.14 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ITRI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.07
PEG (5Y)1.74
EPS Next 2Y6.76%
EPS Next 3Y8.1%
5. Dividend
5.1 Amount
ITRI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
122.2
-4.41 (-3.48%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners115.43%
Inst Owner Change0.25%
Ins Owners0.99%
Ins Owner Change-2.45%
Market Cap5.59B
Analysts85
Price Target147.17 (20.43%)
Short Float %7.47%
Short Ratio4.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.78%
Min EPS beat(2)14.32%
Max EPS beat(2)19.24%
EPS beat(4)4
Avg EPS beat(4)29.98%
Min EPS beat(4)14.32%
Max EPS beat(4)59.95%
EPS beat(8)8
Avg EPS beat(8)42.19%
EPS beat(12)12
Avg EPS beat(12)125.52%
EPS beat(16)15
Avg EPS beat(16)110.69%
Revenue beat(2)0
Avg Revenue beat(2)-2.78%
Min Revenue beat(2)-3.11%
Max Revenue beat(2)-2.46%
Revenue beat(4)1
Avg Revenue beat(4)-1.18%
Min Revenue beat(4)-3.11%
Max Revenue beat(4)1.25%
Revenue beat(8)3
Avg Revenue beat(8)-0.26%
Revenue beat(12)6
Avg Revenue beat(12)0.03%
Revenue beat(16)6
Avg Revenue beat(16)-2.04%
PT rev (1m)-0.08%
PT rev (3m)10.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.24%
EPS NY rev (1m)0%
EPS NY rev (3m)11.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.3 | ||
| Fwd PE | 19.01 | ||
| P/S | 2.29 | ||
| P/FCF | 19.47 | ||
| P/OCF | 17.8 | ||
| P/B | 3.46 | ||
| P/tB | 11.39 | ||
| EV/EBITDA | 16.14 |
EPS(TTM)6.33
EY5.18%
EPS(NY)6.43
Fwd EY5.26%
FCF(TTM)6.28
FCFY5.14%
OCF(TTM)6.87
OCFY5.62%
SpS53.42
BVpS35.29
TBVpS10.73
PEG (NY)2.07
PEG (5Y)1.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 16.73% | ||
| ROCE | 11.06% | ||
| ROIC | 8.96% | ||
| ROICexc | 16.65% | ||
| ROICexgc | 78.2% | ||
| OM | 12.01% | ||
| PM (TTM) | 11.05% | ||
| GM | 35.39% | ||
| FCFM | 11.75% |
ROA(3y)3.44%
ROA(5y)0.94%
ROE(3y)7.92%
ROE(5y)1.87%
ROIC(3y)5.07%
ROIC(5y)4.06%
ROICexc(3y)6.94%
ROICexc(5y)5.29%
ROICexgc(3y)17.86%
ROICexgc(5y)14.3%
ROCE(3y)6.27%
ROCE(5y)5.02%
ROICexcg growth 3Y70.54%
ROICexcg growth 5Y9.42%
ROICexc growth 3Y85.56%
ROICexc growth 5Y14.7%
OM growth 3Y76.32%
OM growth 5Y14.55%
PM growth 3YN/A
PM growth 5Y37.99%
GM growth 3Y5.93%
GM growth 5Y2.72%
F-Score6
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 4.34 | ||
| Debt/EBITDA | 2.27 | ||
| Cap/Depr | 49.75% | ||
| Cap/Sales | 1.1% | ||
| Interest Coverage | 40.02 | ||
| Cash Conversion | 90.35% | ||
| Profit Quality | 106.34% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z | 2.92 |
F-Score6
WACC8.45%
ROIC/WACC1.06
Cap/Depr(3y)44%
Cap/Depr(5y)44.14%
Cap/Sales(3y)1.2%
Cap/Sales(5y)1.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)35.84%
EPS 3Y47.43%
EPS 5Y11.11%
EPS Q2Q%33.88%
EPS Next Y9.32%
EPS Next 2Y6.76%
EPS Next 3Y8.1%
EPS Next 5Y14.76%
Revenue 1Y (TTM)3.9%
Revenue growth 3Y7.19%
Revenue growth 5Y-0.5%
Sales Q2Q%-0.38%
Revenue Next Year-2.14%
Revenue Next 2Y1.62%
Revenue Next 3Y3.4%
Revenue Next 5Y5.44%
EBIT growth 1Y23.13%
EBIT growth 3Y89.01%
EBIT growth 5Y13.98%
EBIT Next Year38.31%
EBIT Next 3Y20.37%
EBIT Next 5Y24.62%
FCF growth 1Y1131.71%
FCF growth 3Y23.47%
FCF growth 5Y13.12%
OCF growth 1Y600.79%
OCF growth 3Y17.99%
OCF growth 5Y6.63%