PORTLAND GENERAL ELECTRIC CO (POR) Stock Fundamental Analysis
USA - NYSE:POR - US7365088472 - Common Stock
45.36 USD
+0.42 (+0.93%)
45.497 USD
+0.14 (+0.3%)
Overall POR gets a fundamental rating of 3 out of 10. We evaluated POR against 47 industry peers in the Electric Utilities industry. Both the profitability and financial health of POR have multiple concerns. POR is quite expensive at the moment. It does show a decent growth rate. POR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
POR had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 2.32%, POR is doing worse than 76.60% of the companies in the same industry.
POR has a Return On Equity of 7.63%. This is in the lower half of the industry: POR underperforms 70.21% of its industry peers.
POR has a worse Return On Invested Capital (3.82%) than 61.70% of its industry peers.
The Average Return On Invested Capital over the past 3 years for POR is in line with the industry average of 4.90%.
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
POR has a Profit Margin of 8.43%. This is in the lower half of the industry: POR underperforms 78.72% 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 74.47% of its industry peers.
POR's Operating Margin has declined in the last couple of years.
POR has a Gross Margin of 46.85%. This is comparable to the rest of the industry: POR outperforms 51.06% 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.
The number of shares outstanding for POR has been increased compared to 1 year ago.
Compared to 5 years ago, POR has more shares outstanding
Compared to 1 year ago, POR has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.94, we must say that POR is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of POR (0.94) is comparable to the rest of the industry.
POR has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of POR (1.28) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.94 |
ROIC/WACC0.63
WACC6.03%
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 has a better Current ratio (0.97) than 61.70% of its industry peers.
A Quick Ratio of 0.84 indicates that POR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.84, POR is in line with its industry, outperforming 57.45% of the companies in the same industry.
| 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.
The Revenue has grown by 8.53% in the past year. This is quite good.
The Revenue has been growing by 10.13% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 5.38% on average over the next years.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
POR is valuated correctly with a Price/Earnings ratio of 16.14.
The rest of the industry has a similar Price/Earnings ratio as POR.
Compared to an average S&P500 Price/Earnings ratio of 27.57, POR is valued a bit cheaper.
POR is valuated correctly with a Price/Forward Earnings ratio of 13.21.
Based on the Price/Forward Earnings ratio, POR is valued a bit cheaper than the industry average as 63.83% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.09, POR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.14 | ||
| Fwd PE | 13.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, POR is valued a bit cheaper than 65.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.37 |
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)3.97
PEG (5Y)2.92
EPS Next 2Y4.56%
EPS Next 3Y4.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.78%, POR is a good candidate for dividend investing.
POR's Dividend Yield is rather good when compared to the industry average which is at 3.24. POR pays more dividend than 91.49% of the companies in the same industry.
POR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
The dividend of POR is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP72.45%
EPS Next 2Y4.56%
EPS Next 3Y4.58%
45.36
+0.42 (+0.93%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners100.79%
Inst Owner Change0.48%
Ins Owners0.48%
Ins Owner Change1.93%
Market Cap4.97B
Revenue(TTM)3.49B
Net Income(TTM)294.00M
Analysts70
Price Target47.26 (4.19%)
Short Float %4.54%
Short Ratio4.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
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)-0.36%
PT rev (3m)-0.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.97%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.14 | ||
| Fwd PE | 13.21 | ||
| P/S | 1.42 | ||
| P/FCF | N/A | ||
| P/OCF | 5.07 | ||
| P/B | 1.29 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 9.37 |
EPS(TTM)2.81
EY6.19%
EPS(NY)3.43
Fwd EY7.57%
FCF(TTM)-2.37
FCFYN/A
OCF(TTM)8.95
OCFY19.74%
SpS31.84
BVpS35.16
TBVpS35.16
PEG (NY)3.97
PEG (5Y)2.92
Graham Number47.15
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%
ROICexgc growth 3Y0.98%
ROICexgc 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 | 0.94 |
F-Score5
WACC6.03%
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 Year115.6%
EBIT Next 3Y36.59%
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%