ITRON INC (ITRI) Stock Fundamental Analysis
NASDAQ:ITRI - Nasdaq - US4657411066 - Common Stock - Currency: USD
Overall ITRI gets a fundamental rating of 5 out of 10. We evaluated ITRI against 125 industry peers in the Electronic Equipment, Instruments & Components industry. ITRI scores excellent on profitability, but 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
ITRI had positive earnings in the past year.
In the past year ITRI had a positive cash flow from operations.
In multiple years ITRI reported negative net income over the last 5 years.
In the past 5 years ITRI always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 7.02%, ITRI belongs to the best of the industry, outperforming 84.00% of the companies in the same industry.
The Return On Equity of ITRI (17.19%) is better than 86.40% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.52%, ITRI is in the better half of the industry, outperforming 74.40% of the companies in the same industry.
ITRI had an Average Return On Invested Capital over the past 3 years of 5.07%. This is below the industry average of 9.30%.
The last Return On Invested Capital (7.52%) for ITRI is above the 3 year average (5.07%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.02% | ||
| ROE | 17.19% | ||
| ROIC | 7.52% |
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 better Profit Margin (9.80%) than 83.20% of its industry peers.
In the last couple of years the Profit Margin of ITRI has grown nicely.
ITRI has a Operating Margin of 10.95%. This is amongst the best in the industry. ITRI outperforms 82.40% of its industry peers.
ITRI's Operating Margin has improved in the last couple of years.
ITRI's Gross Margin of 34.39% is in line compared to the rest of the industry. ITRI outperforms 56.00% of its industry peers.
ITRI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.95% | ||
| PM (TTM) | 9.8% | ||
| GM | 34.39% |
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 below the Cost of Capital (WACC), which means it is destroying 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.
The debt/assets ratio for ITRI is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.82 indicates that ITRI is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of ITRI (2.82) is comparable to the rest of the industry.
ITRI has a debt to FCF ratio of 5.98. This is a neutral value as ITRI would need 5.98 years to pay back of all of its debts.
The Debt to FCF ratio of ITRI (5.98) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.89 indicates that ITRI is somewhat dependend on debt financing.
The Debt to Equity ratio of ITRI (0.89) is worse than 89.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 5.98 | ||
| Altman-Z | 2.82 |
ROIC/WACC0.95
WACC7.9%
2.3 Liquidity
A Current Ratio of 3.44 indicates that ITRI has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.44, ITRI is doing good in the industry, outperforming 72.00% of the companies in the same industry.
ITRI has a Quick Ratio of 2.92. This indicates that ITRI is financially healthy and has no problem in meeting its short term obligations.
ITRI has a Quick ratio of 2.92. This is in the better half of the industry: ITRI outperforms 76.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.44 | ||
| Quick Ratio | 2.92 |
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.
The Revenue has grown by 12.29% in the past year. This is quite good.
ITRI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.50% yearly.
EPS 1Y (TTM)44.39%
EPS 3Y47.43%
EPS 5Y11.11%
EPS Q2Q%22.58%
Revenue 1Y (TTM)12.29%
Revenue growth 3Y7.19%
Revenue growth 5Y-0.5%
Sales Q2Q%0.61%
3.2 Future
The Earnings Per Share is expected to grow by 14.79% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.80% on average over the next years.
EPS Next Y-2.98%
EPS Next 2Y3.79%
EPS Next 3Y7.99%
EPS Next 5Y14.79%
Revenue Next Year1.53%
Revenue Next 2Y3.51%
Revenue Next 3Y4.29%
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.
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
The Price/Earnings ratio is 18.28, which indicates a rather expensive current valuation of ITRI.
Based on the Price/Earnings ratio, ITRI is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.22. ITRI is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 17.81, ITRI is valued on the expensive side.
Based on the Price/Forward Earnings ratio, ITRI is valued a bit cheaper than 68.80% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.86, ITRI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.28 | ||
| Fwd PE | 17.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ITRI is valued a bit cheaper than 60.80% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ITRI is valued a bit cheaper than the industry average as 69.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.76 | ||
| EV/EBITDA | 15.83 |
4.3 Compensation for Growth
The excellent profitability rating of ITRI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.65
EPS Next 2Y3.79%
EPS Next 3Y7.99%
5. Dividend
5.1 Amount
ITRI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
108.23
+0.18 (+0.17%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners113.52%
Inst Owner Change-0.69%
Ins Owners0.84%
Ins Owner Change10.72%
Market Cap4.93B
Analysts82.86
Price Target133.62 (23.46%)
Short Float %7.5%
Short Ratio4.86
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)43.18%
Min EPS beat(2)26.41%
Max EPS beat(2)59.95%
EPS beat(4)4
Avg EPS beat(4)38.85%
Min EPS beat(4)23.98%
Max EPS beat(4)59.95%
EPS beat(8)8
Avg EPS beat(8)95.35%
EPS beat(12)11
Avg EPS beat(12)119.88%
EPS beat(16)14
Avg EPS beat(16)107.31%
Revenue beat(2)1
Avg Revenue beat(2)0.43%
Min Revenue beat(2)-0.39%
Max Revenue beat(2)1.25%
Revenue beat(4)2
Avg Revenue beat(4)0.63%
Min Revenue beat(4)-0.42%
Max Revenue beat(4)2.09%
Revenue beat(8)5
Avg Revenue beat(8)1.35%
Revenue beat(12)6
Avg Revenue beat(12)-0.98%
Revenue beat(16)6
Avg Revenue beat(16)-2.65%
PT rev (1m)0%
PT rev (3m)2.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)22.89%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)7.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.98%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.28 | ||
| Fwd PE | 17.81 | ||
| P/S | 2.02 | ||
| P/FCF | 23.76 | ||
| P/OCF | 20.71 | ||
| P/B | 3.55 | ||
| P/tB | 16.7 | ||
| EV/EBITDA | 15.83 |
EPS(TTM)5.92
EY5.47%
EPS(NY)6.08
Fwd EY5.61%
FCF(TTM)4.56
FCFY4.21%
OCF(TTM)5.23
OCFY4.83%
SpS53.56
BVpS30.52
TBVpS6.48
PEG (NY)N/A
PEG (5Y)1.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.02% | ||
| ROE | 17.19% | ||
| ROCE | 9.29% | ||
| ROIC | 7.52% | ||
| ROICexc | 11.84% | ||
| ROICexgc | 29.54% | ||
| OM | 10.95% | ||
| PM (TTM) | 9.8% | ||
| GM | 34.39% | ||
| FCFM | 8.51% |
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 Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 5.98 | ||
| Debt/EBITDA | 3.84 | ||
| Cap/Depr | 54.31% | ||
| Cap/Sales | 1.25% | ||
| Interest Coverage | 199.24 | ||
| Cash Conversion | 73.59% | ||
| Profit Quality | 86.83% | ||
| Current Ratio | 3.44 | ||
| Quick Ratio | 2.92 | ||
| Altman-Z | 2.82 |
F-Score6
WACC7.9%
ROIC/WACC0.95
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-2.98%
EPS Next 2Y3.79%
EPS Next 3Y7.99%
EPS Next 5Y14.79%
Revenue 1Y (TTM)12.29%
Revenue growth 3Y7.19%
Revenue growth 5Y-0.5%
Sales Q2Q%0.61%
Revenue Next Year1.53%
Revenue Next 2Y3.51%
Revenue Next 3Y4.29%
Revenue Next 5Y5.8%
EBIT growth 1Y54.13%
EBIT growth 3Y89.01%
EBIT growth 5Y13.98%
EBIT Next Year30.22%
EBIT Next 3Y20.75%
EBIT Next 5Y24.92%
FCF growth 1Y111.66%
FCF growth 3Y23.47%
FCF growth 5Y13.12%
OCF growth 1Y90.58%
OCF growth 3Y17.99%
OCF growth 5Y6.63%