PORTLAND GENERAL ELECTRIC CO (POR) Stock Fundamental Analysis
USA - NYSE:POR - US7365088472 - Common Stock
43.44 USD
+0.75 (+1.76%)
43.44 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to POR. POR was compared to 48 industry peers in the Electric Utilities industry. POR may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, POR is valued expensive at the moment. POR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year POR was profitable.
POR had a positive operating cash flow in the past year.
POR had positive earnings in each of the past 5 years.
In the past 5 years POR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.32%, POR is doing worse than 77.08% of the companies in the same industry.
POR's Return On Equity of 7.63% is on the low side compared to the rest of the industry. POR is outperformed by 75.00% of its industry peers.
POR's Return On Invested Capital of 3.82% is on the low side compared to the rest of the industry. POR is outperformed by 64.58% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for POR is in line with the industry average of 5.39%.
The last Return On Invested Capital (3.82%) for POR is above the 3 year average (3.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.63% | ||
| ROIC | 3.82% |
ROA(3y)2.25%
ROA(5y)2.21%
ROE(3y)7.83%
ROE(5y)7.69%
ROIC(3y)3.68%
ROIC(5y)3.51%
1.3 Margins
The Profit Margin of POR (8.43%) is worse than 77.08% of its industry peers.
POR's Profit Margin has declined in the last couple of years.
POR has a Operating Margin of 14.91%. This is in the lower half of the industry: POR underperforms 79.17% of its industry peers.
In the last couple of years the Operating Margin of POR has declined.
POR has a Gross Margin of 46.85%. This is comparable to the rest of the industry: POR outperforms 52.08% of its industry peers.
POR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.91% | ||
| PM (TTM) | 8.43% | ||
| GM | 46.85% |
OM growth 3Y-1.92%
OM growth 5Y-2.79%
PM growth 3Y-3.68%
PM growth 5Y-2.03%
GM growth 3Y-4.39%
GM growth 5Y-3.94%
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.
Compared to 1 year ago, POR has more shares outstanding
Compared to 5 years ago, POR has more shares outstanding
POR has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.92, we must say that POR is in the distress zone and has some risk of bankruptcy.
POR has a Altman-Z score of 0.92. This is comparable to the rest of the industry: POR outperforms 47.92% of its industry peers.
A Debt/Equity ratio of 1.28 is on the high side and indicates that POR has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.28, POR is in line with its industry, outperforming 56.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.92 |
ROIC/WACC0.63
WACC6.08%
2.3 Liquidity
POR has a Current Ratio of 0.97. This is a bad value and indicates that POR is not financially healthy enough and could expect problems in meeting its short term obligations.
POR's Current ratio of 0.97 is fine compared to the rest of the industry. POR outperforms 60.42% of its industry peers.
A Quick Ratio of 0.84 indicates that POR may have some problems paying its short term obligations.
POR has a Quick ratio of 0.84. This is comparable to the rest of the industry: POR outperforms 56.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
POR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.77%.
The Earnings Per Share has been growing slightly by 5.52% on average over the past years.
Looking at the last year, POR shows a quite strong growth in Revenue. The Revenue has grown by 8.53% in the last year.
POR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.13% yearly.
EPS 1Y (TTM)-8.77%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-4.35%
Revenue 1Y (TTM)8.53%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%6.46%
3.2 Future
POR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.38% yearly.
Based on estimates for the next years, POR will show a small growth in Revenue. The Revenue will grow by 6.42% on average per year.
EPS Next Y4.06%
EPS Next 2Y4.56%
EPS Next 3Y4.58%
EPS Next 5Y5.38%
Revenue Next Year11.81%
Revenue Next 2Y8.24%
Revenue Next 3Y6.77%
Revenue Next 5Y6.42%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
Based on the Price/Earnings ratio of 15.46, the valuation of POR can be described as correct.
POR's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of POR to the average of the S&P500 Index (27.32), we can say POR is valued slightly cheaper.
A Price/Forward Earnings ratio of 12.65 indicates a correct valuation of POR.
Based on the Price/Forward Earnings ratio, POR is valued a bit cheaper than 66.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.89, POR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.46 | ||
| Fwd PE | 12.65 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, POR is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.1 |
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)3.8
PEG (5Y)2.8
EPS Next 2Y4.56%
EPS Next 3Y4.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.80%, POR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.82, POR pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, POR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.8% |
5.2 History
The dividend of POR has a limited annual growth rate of 4.85%.
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)4.85%
Div Incr Years18
Div Non Decr Years18
5.3 Sustainability
POR pays out 72.45% of its income as dividend. This is not a sustainable payout ratio.
POR's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP72.45%
EPS Next 2Y4.56%
EPS Next 3Y4.58%
43.44
+0.75 (+1.76%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners100.79%
Inst Owner Change-1.76%
Ins Owners0.48%
Ins Owner Change1.53%
Market Cap4.76B
Analysts70.59
Price Target47.43 (9.19%)
Short Float %4.16%
Short Ratio3.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.8% |
Yearly Dividend1.9
Dividend Growth(5Y)4.85%
DP72.45%
Div Incr Years18
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.8%
Min EPS beat(2)-7.86%
Max EPS beat(2)2.26%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-7.86%
Max EPS beat(4)2.8%
EPS beat(8)4
Avg EPS beat(8)-0.7%
EPS beat(12)7
Avg EPS beat(12)-1.03%
EPS beat(16)8
Avg EPS beat(16)-1.66%
Revenue beat(2)1
Avg Revenue beat(2)-2.3%
Min Revenue beat(2)-5.32%
Max Revenue beat(2)0.72%
Revenue beat(4)3
Avg Revenue beat(4)6.34%
Min Revenue beat(4)-5.32%
Max Revenue beat(4)22.99%
Revenue beat(8)6
Avg Revenue beat(8)5.38%
Revenue beat(12)10
Avg Revenue beat(12)8.74%
Revenue beat(16)14
Avg Revenue beat(16)9.06%
PT rev (1m)0.49%
PT rev (3m)-2.47%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)5.98%
EPS NY rev (1m)0%
EPS NY rev (3m)0.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.46 | ||
| Fwd PE | 12.65 | ||
| P/S | 1.36 | ||
| P/FCF | N/A | ||
| P/OCF | 4.85 | ||
| P/B | 1.24 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | 9.1 |
EPS(TTM)2.81
EY6.47%
EPS(NY)3.43
Fwd EY7.9%
FCF(TTM)-2.37
FCFYN/A
OCF(TTM)8.95
OCFY20.61%
SpS31.84
BVpS35.16
TBVpS35.16
PEG (NY)3.8
PEG (5Y)2.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.32% | ||
| ROE | 7.63% | ||
| ROCE | 4.42% | ||
| ROIC | 3.82% | ||
| ROICexc | 3.85% | ||
| ROICexgc | 3.85% | ||
| OM | 14.91% | ||
| PM (TTM) | 8.43% | ||
| GM | 46.85% | ||
| FCFM | N/A |
ROA(3y)2.25%
ROA(5y)2.21%
ROE(3y)7.83%
ROE(5y)7.69%
ROIC(3y)3.68%
ROIC(5y)3.51%
ROICexc(3y)3.75%
ROICexc(5y)3.58%
ROICexgc(3y)4.12%
ROICexgc(5y)3.94%
ROCE(3y)4.28%
ROCE(5y)4.08%
ROICexcg growth 3Y0.98%
ROICexcg growth 5Y-0.73%
ROICexc growth 3Y1.2%
ROICexc growth 5Y-0.49%
OM growth 3Y-1.92%
OM growth 5Y-2.79%
PM growth 3Y-3.68%
PM growth 5Y-2.03%
GM growth 3Y-4.39%
GM growth 5Y-3.94%
F-Score5
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.69 | ||
| Cap/Depr | 233.27% | ||
| Cap/Sales | 35.58% | ||
| Interest Coverage | 2.78 | ||
| Cash Conversion | 93.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 0.92 |
F-Score5
WACC6.08%
ROIC/WACC0.63
Cap/Depr(3y)245.28%
Cap/Depr(5y)213.19%
Cap/Sales(3y)37.42%
Cap/Sales(5y)35.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.77%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-4.35%
EPS Next Y4.06%
EPS Next 2Y4.56%
EPS Next 3Y4.58%
EPS Next 5Y5.38%
Revenue 1Y (TTM)8.53%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%6.46%
Revenue Next Year11.81%
Revenue Next 2Y8.24%
Revenue Next 3Y6.77%
Revenue Next 5Y6.42%
EBIT growth 1Y9.24%
EBIT growth 3Y10.64%
EBIT growth 5Y7.06%
EBIT Next Year114.87%
EBIT Next 3Y36.42%
EBIT Next 5Y24.95%
FCF growth 1Y58.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y168.03%
OCF growth 3Y13.51%
OCF growth 5Y7.34%