PORTLAND GENERAL ELECTRIC CO (POR)
US7365088472 - Common Stock
Taking everything into account, POR scores 4 out of 10 in our fundamental rating. POR was compared to 45 industry peers in the Electric Utilities industry. Both the profitability and financial health of POR have multiple concerns. POR has a correct valuation and a medium growth rate. POR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year POR was profitable.
In the past year POR had a positive cash flow from operations.
In the past 5 years POR has always been profitable.
POR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
POR has a Return On Assets (2.27%) which is in line with its industry peers.
POR has a worse Return On Equity (7.60%) than 60.00% of its industry peers.
The Return On Invested Capital of POR (3.49%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for POR is in line with the industry average of 4.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.27% | ||
| ROE | 7.6% | ||
| ROIC | 3.49% |
ROA(3y)2.28%
ROA(5y)2.22%
ROE(3y)8.09%
ROE(5y)7.69%
ROIC(3y)3.56%
ROIC(5y)3.46%
1.3 Margins
Looking at the Profit Margin, with a value of 8.47%, POR is doing worse than 68.89% of the companies in the same industry.
In the last couple of years the Profit Margin of POR has declined.
POR has a Operating Margin of 14.21%. This is amonst the worse of the industry: POR underperforms 80.00% of its industry peers.
POR's Operating Margin has declined in the last couple of years.
POR has a Gross Margin of 46.17%. This is comparable to the rest of the industry: POR outperforms 44.44% of its industry peers.
In the last couple of years the Gross Margin of POR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.21% | ||
| PM (TTM) | 8.47% | ||
| GM | 46.17% |
OM growth 3Y2.61%
OM growth 5Y-4.18%
PM growth 3Y2.58%
PM growth 5Y-6.03%
GM growth 3Y-4.47%
GM growth 5Y-3.67%
2. Health
2.1 Basic Checks
POR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
POR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, POR has more shares outstanding
The debt/assets ratio for POR is higher compared to a year ago.
2.2 Solvency
POR has an Altman-Z score of 0.95. This is a bad value and indicates that POR is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.95, POR is doing good in the industry, outperforming 71.11% of the companies in the same industry.
A Debt/Equity ratio of 1.34 is on the high side and indicates that POR has dependencies on debt financing.
The Debt to Equity ratio of POR (1.34) is better than 62.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.95 |
ROIC/WACC0.58
WACC6.06%
2.3 Liquidity
POR has a Current Ratio of 1.22. This is a normal value and indicates that POR is financially healthy and should not expect problems in meeting its short term obligations.
POR has a better Current ratio (1.22) than 66.67% of its industry peers.
POR has a Quick Ratio of 1.09. This is a normal value and indicates that POR is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of POR (1.09) is better than 68.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The earnings per share for POR have decreased by -2.80% in the last year.
The Revenue has grown by 12.10% in the past year. This is quite good.
The Revenue has been growing slightly by 7.98% on average over the past years.
EPS 1Y (TTM)-2.8%
EPS 3Y11.28%
EPS 5Y0%
EPS growth Q2Q51.25%
Revenue 1Y (TTM)12.1%
Revenue growth 3Y10.87%
Revenue growth 5Y7.98%
Revenue growth Q2Q24.2%
3.2 Future
POR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.83% yearly.
The Revenue is expected to grow by 6.25% on average over the next years.
EPS Next Y30.81%
EPS Next 2Y17.54%
EPS Next 3Y13.08%
EPS Next 5Y9.83%
Revenue Next Year9.84%
Revenue Next 2Y7.11%
Revenue Next 3Y6.49%
Revenue Next 5Y6.25%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.93, POR is valued correctly.
POR's Price/Earnings is on the same level as the industry average.
POR is valuated rather cheaply when we compare the Price/Earnings ratio to 28.56, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.52, POR is valued correctly.
62.22% of the companies in the same industry are more expensive than POR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of POR to the average of the S&P500 Index (20.34), we can say POR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 13.52 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, POR is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.95 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as POR's earnings are expected to grow with 13.08% in the coming years.
PEG (NY)0.52
PEG (5Y)N/A
EPS Next 2Y17.54%
EPS Next 3Y13.08%
5. Dividend
5.1 Amount
POR has a Yearly Dividend Yield of 4.48%, which is a nice return.
Compared to an average industry Dividend Yield of 4.01, POR pays a bit more dividend than its industry peers.
POR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
5.2 History
The dividend of POR is nicely growing with an annual growth rate of 6.05%!
POR has paid a dividend for at least 10 years, which is a reliable track record.
POR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.05%
Div Incr Years17
Div Non Decr Years17
5.3 Sustainability
POR pays out 71.10% of its income as dividend. This is not a sustainable payout ratio.
The dividend of POR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP71.1%
EPS Next 2Y17.54%
EPS Next 3Y13.08%
PORTLAND GENERAL ELECTRIC CO
NYSE:POR (5/14/2024, 7:04:00 PM)
After market: 44.28 0 (0%)44.28
-0.49 (-1.09%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.56B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.48% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 13.52 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.52
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.27% | ||
| ROE | 7.6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.21% | ||
| PM (TTM) | 8.47% | ||
| GM | 46.17% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-2.8%
EPS 3Y11.28%
EPS 5Y
EPS growth Q2Q
EPS Next Y30.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.1%
Revenue growth 3Y10.87%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y