ITRON INC (ITRI) Stock Fundamental Analysis
NASDAQ:ITRI - Nasdaq - US4657411066 - Common Stock - Currency: USD
Taking everything into account, ITRI scores 5 out of 10 in our fundamental rating. ITRI was compared to 125 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
ITRI had positive earnings in the past year.
ITRI had a positive operating cash flow in the past year.
In multiple years ITRI reported negative net income over the last 5 years.
ITRI 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 7.22%, ITRI belongs to the top of the industry, outperforming 86.40% of the companies in the same industry.
The Return On Equity of ITRI (16.99%) is better than 87.20% of its industry peers.
The Return On Invested Capital of ITRI (9.00%) is better than 79.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ITRI is below the industry average of 9.28%.
The last Return On Invested Capital (9.00%) for ITRI is above the 3 year average (5.07%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.22% | ||
| ROE | 16.99% | ||
| ROIC | 9% |
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
Looking at the Profit Margin, with a value of 10.34%, ITRI belongs to the top of the industry, outperforming 84.80% of the companies in the same industry.
In the last couple of years the Profit Margin of ITRI has grown nicely.
Looking at the Operating Margin, with a value of 11.46%, ITRI belongs to the top of the industry, outperforming 82.40% of the companies in the same industry.
In the last couple of years the Operating Margin of ITRI has grown nicely.
With a Gross Margin value of 34.82%, ITRI perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Gross Margin of ITRI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.46% | ||
| PM (TTM) | 10.34% | ||
| GM | 34.82% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ITRI is still creating some value.
The number of shares outstanding for ITRI has been reduced compared to 1 year ago.
ITRI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ITRI has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.76 indicates that ITRI is not a great score, but indicates only limited risk for bankruptcy at the moment.
ITRI has a Altman-Z score (2.76) which is in line with its industry peers.
The Debt to FCF ratio of ITRI is 5.16, which is a neutral value as it means it would take ITRI, 5.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.16, ITRI is in the better half of the industry, outperforming 61.60% of the companies in the same industry.
A Debt/Equity ratio of 0.53 indicates that ITRI is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.53, ITRI is not doing good in the industry: 75.20% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 5.16 | ||
| Altman-Z | 2.76 |
ROIC/WACC1.04
WACC8.62%
2.3 Liquidity
A Current Ratio of 1.93 indicates that ITRI should not have too much problems paying its short term obligations.
ITRI has a Current ratio of 1.93. This is in the lower half of the industry: ITRI underperforms 60.80% of its industry peers.
ITRI has a Quick Ratio of 1.65. This is a normal value and indicates that ITRI is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.65, ITRI perfoms like the industry average, outperforming 45.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.65 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 44.39% over the past year.
Measured over the past years, ITRI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.11% on average per year.
ITRI shows a small growth in Revenue. In the last year, the Revenue has grown by 7.10%.
The Revenue has been decreasing by -0.50% on average over the past years.
EPS 1Y (TTM)44.39%
EPS 3Y47.43%
EPS 5Y11.11%
EPS Q2Q%22.58%
Revenue 1Y (TTM)7.1%
Revenue growth 3Y7.19%
Revenue growth 5Y-0.5%
Sales Q2Q%0.61%
3.2 Future
ITRI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.79% yearly.
Based on estimates for the next years, ITRI will show a small growth in Revenue. The Revenue will grow by 5.80% on average per year.
EPS Next Y-1.94%
EPS Next 2Y3.73%
EPS Next 3Y7.43%
EPS Next 5Y14.79%
Revenue Next Year1.33%
Revenue Next 2Y3.56%
Revenue Next 3Y4.18%
Revenue Next 5Y5.8%
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
Based on the Price/Earnings ratio of 19.03, the valuation of ITRI can be described as rather expensive.
ITRI's Price/Earnings ratio is a bit cheaper when compared to the industry. ITRI is cheaper than 75.20% of the companies in the same industry.
ITRI is valuated rather cheaply when we compare the Price/Earnings ratio to 25.82, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 18.56, which indicates a rather expensive current valuation of ITRI.
Based on the Price/Forward Earnings ratio, ITRI is valued a bit cheaper than 63.20% of the companies in the same industry.
ITRI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.03 | ||
| Fwd PE | 18.56 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ITRI indicates a somewhat cheap valuation: ITRI is cheaper than 64.80% of the companies listed in the same industry.
72.80% of the companies in the same industry are more expensive than ITRI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.3 | ||
| EV/EBITDA | 15.65 |
4.3 Compensation for Growth
ITRI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.71
EPS Next 2Y3.73%
EPS Next 3Y7.43%
5. Dividend
5.1 Amount
ITRI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
112.63
+0.36 (+0.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners113.52%
Inst Owner Change1.89%
Ins Owners0.84%
Ins Owner Change10.43%
Market Cap5.13B
Analysts82.86
Price Target132.51 (17.65%)
Short Float %7.64%
Short Ratio5.91
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)20.36%
Min EPS beat(2)14.32%
Max EPS beat(2)26.41%
EPS beat(4)4
Avg EPS beat(4)31.17%
Min EPS beat(4)14.32%
Max EPS beat(4)59.95%
EPS beat(8)8
Avg EPS beat(8)53.4%
EPS beat(12)11
Avg EPS beat(12)118.31%
EPS beat(16)14
Avg EPS beat(16)106.82%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-3.11%
Max Revenue beat(2)-0.39%
Revenue beat(4)1
Avg Revenue beat(4)-0.67%
Min Revenue beat(4)-3.11%
Max Revenue beat(4)1.25%
Revenue beat(8)4
Avg Revenue beat(8)0.4%
Revenue beat(12)6
Avg Revenue beat(12)-0.85%
Revenue beat(16)6
Avg Revenue beat(16)-2.54%
PT rev (1m)-0.83%
PT rev (3m)1.8%
EPS NQ rev (1m)4.84%
EPS NQ rev (3m)13.35%
EPS NY rev (1m)1.07%
EPS NY rev (3m)8.99%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)2.2%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.03 | ||
| Fwd PE | 18.56 | ||
| P/S | 2.1 | ||
| P/FCF | 21.3 | ||
| P/OCF | 19.08 | ||
| P/B | 3.45 | ||
| P/tB | 13.26 | ||
| EV/EBITDA | 15.65 |
EPS(TTM)5.92
EY5.26%
EPS(NY)6.07
Fwd EY5.39%
FCF(TTM)5.29
FCFY4.69%
OCF(TTM)5.9
OCFY5.24%
SpS53.64
BVpS32.66
TBVpS8.49
PEG (NY)N/A
PEG (5Y)1.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.22% | ||
| ROE | 16.99% | ||
| ROCE | 11.12% | ||
| ROIC | 9% | ||
| ROICexc | 16.24% | ||
| ROICexgc | 76.86% | ||
| OM | 11.46% | ||
| PM (TTM) | 10.34% | ||
| GM | 34.82% | ||
| FCFM | 9.86% |
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-Score7
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 5.16 | ||
| Debt/EBITDA | 2.34 | ||
| Cap/Depr | 50.46% | ||
| Cap/Sales | 1.15% | ||
| Interest Coverage | 36.72 | ||
| Cash Conversion | 80.13% | ||
| Profit Quality | 95.28% | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.65 | ||
| Altman-Z | 2.76 |
F-Score7
WACC8.62%
ROIC/WACC1.04
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)44.39%
EPS 3Y47.43%
EPS 5Y11.11%
EPS Q2Q%22.58%
EPS Next Y-1.94%
EPS Next 2Y3.73%
EPS Next 3Y7.43%
EPS Next 5Y14.79%
Revenue 1Y (TTM)7.1%
Revenue growth 3Y7.19%
Revenue growth 5Y-0.5%
Sales Q2Q%0.61%
Revenue Next Year1.33%
Revenue Next 2Y3.56%
Revenue Next 3Y4.18%
Revenue Next 5Y5.8%
EBIT growth 1Y33.19%
EBIT growth 3Y89.01%
EBIT growth 5Y13.98%
EBIT Next Year28.36%
EBIT Next 3Y20.16%
EBIT Next 5Y24.92%
FCF growth 1Y8407.86%
FCF growth 3Y23.47%
FCF growth 5Y13.12%
OCF growth 1Y1369.86%
OCF growth 3Y17.99%
OCF growth 5Y6.63%