PORTLAND GENERAL ELECTRIC CO (POR) Stock Fundamental Analysis
NYSE:POR - New York Stock Exchange, Inc. - US7365088472 - Common Stock - Currency: USD
POR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 47 industry peers in the Electric Utilities industry. POR has a bad profitability rating. Also its financial health evaluation is rather negative. POR has a decent growth rate and is not valued too expensively. 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.
Each year in the past 5 years POR has been profitable.
In the past 5 years POR always reported a positive cash flow from operatings.
1.2 Ratios
POR has a Return On Assets of 2.39%. This is in the lower half of the industry: POR underperforms 70.21% of its industry peers.
The Return On Equity of POR (7.91%) is worse than 76.60% of its industry peers.
POR's Return On Invested Capital of 3.80% is on the low side compared to the rest of the industry. POR is outperformed by 68.09% of its industry peers.
POR had an Average Return On Invested Capital over the past 3 years of 3.68%. This is significantly below the industry average of 38.54%.
The last Return On Invested Capital (3.80%) for POR is above the 3 year average (3.68%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.39% | ||
| ROE | 7.91% | ||
| ROIC | 3.8% |
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 (8.84%) is worse than 76.60% of its industry peers.
In the last couple of years the Profit Margin of POR has declined.
The Operating Margin of POR (15.06%) is worse than 80.85% of its industry peers.
POR's Operating Margin has declined in the last couple of years.
POR has a Gross Margin (46.84%) which is in line with its industry peers.
POR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.06% | ||
| PM (TTM) | 8.84% | ||
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so POR is destroying value.
The number of shares outstanding for POR has been increased compared to 1 year ago.
The number of shares outstanding for POR has been increased compared to 5 years ago.
Compared to 1 year ago, POR has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.90, we must say that POR is in the distress zone and has some risk of bankruptcy.
POR's Altman-Z score of 0.90 is in line compared to the rest of the industry. POR outperforms 55.32% of its industry peers.
POR has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.28, POR perfoms like the industry average, outperforming 57.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.9 |
ROIC/WACC0.45
WACC8.53%
2.3 Liquidity
POR has a Current Ratio of 1.06. 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 Current ratio of 1.06. This is comparable to the rest of the industry: POR outperforms 59.57% of its industry peers.
A Quick Ratio of 0.94 indicates that POR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.94, POR is in the better half of the industry, outperforming 61.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
POR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.16%.
POR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.52% yearly.
POR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.79%.
Measured over the past years, POR shows a quite strong growth in Revenue. The Revenue has been growing by 10.13% on average per year.
EPS 1Y (TTM)2.16%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-24.79%
Revenue 1Y (TTM)10.79%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%-0.11%
3.2 Future
POR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.18% yearly.
POR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.68% yearly.
EPS Next Y4.03%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
EPS Next 5Y5.18%
Revenue Next Year12.18%
Revenue Next 2Y8.14%
Revenue Next 3Y6.57%
Revenue Next 5Y6.68%
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 14.27.
Based on the Price/Earnings ratio, POR is valued a bit cheaper than the industry average as 63.83% of the companies are valued more expensively.
POR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.35.
Based on the Price/Forward Earnings ratio of 11.93, the valuation of POR can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of POR indicates a somewhat cheap valuation: POR is cheaper than 68.09% of the companies listed in the same industry.
POR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.27 | ||
| Fwd PE | 11.93 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of POR indicates a somewhat cheap valuation: POR is cheaper than 68.09% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.98 |
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)3.54
PEG (5Y)2.58
EPS Next 2Y4.05%
EPS Next 3Y4.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.08%, POR is a good candidate for dividend investing.
POR's Dividend Yield is rather good when compared to the industry average which is at 3.56. POR pays more dividend than 89.36% of the companies in the same industry.
POR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
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 68.09% 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.
DP68.09%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
40.54
+0.38 (+0.95%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners102.58%
Inst Owner Change2.62%
Ins Owners0.5%
Ins Owner Change9.8%
Market Cap4.44B
Analysts72.63
Price Target48.97 (20.79%)
Short Float %3.95%
Short Ratio4.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
Yearly Dividend1.9
Dividend Growth(5Y)4.85%
DP68.09%
Div Incr Years18
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.32%
Min EPS beat(2)-7.86%
Max EPS beat(2)-2.78%
EPS beat(4)2
Avg EPS beat(4)0.39%
Min EPS beat(4)-7.86%
Max EPS beat(4)9.41%
EPS beat(8)3
Avg EPS beat(8)-3.39%
EPS beat(12)7
Avg EPS beat(12)0.94%
EPS beat(16)7
Avg EPS beat(16)-2.03%
Revenue beat(2)1
Avg Revenue beat(2)8.83%
Min Revenue beat(2)-5.32%
Max Revenue beat(2)22.99%
Revenue beat(4)3
Avg Revenue beat(4)7.35%
Min Revenue beat(4)-5.32%
Max Revenue beat(4)22.99%
Revenue beat(8)6
Avg Revenue beat(8)6.82%
Revenue beat(12)10
Avg Revenue beat(12)9.52%
Revenue beat(16)14
Avg Revenue beat(16)9.63%
PT rev (1m)-0.86%
PT rev (3m)-0.35%
EPS NQ rev (1m)-0.85%
EPS NQ rev (3m)9.45%
EPS NY rev (1m)0%
EPS NY rev (3m)0.51%
Revenue NQ rev (1m)-1.3%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)5.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.27 | ||
| Fwd PE | 11.93 | ||
| P/S | 1.29 | ||
| P/FCF | N/A | ||
| P/OCF | 5.32 | ||
| P/B | 1.15 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 8.98 |
EPS(TTM)2.84
EY7.01%
EPS(NY)3.4
Fwd EY8.39%
FCF(TTM)-4.27
FCFYN/A
OCF(TTM)7.62
OCFY18.79%
SpS31.4
BVpS35.1
TBVpS35.1
PEG (NY)3.54
PEG (5Y)2.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.39% | ||
| ROE | 7.91% | ||
| ROCE | 4.4% | ||
| ROIC | 3.8% | ||
| ROICexc | 3.83% | ||
| ROICexgc | 3.83% | ||
| OM | 15.06% | ||
| PM (TTM) | 8.84% | ||
| 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-Score7
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.78 | ||
| Cap/Depr | 252.82% | ||
| Cap/Sales | 37.86% | ||
| Interest Coverage | 2.71 | ||
| Cash Conversion | 80.74% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 0.9 |
F-Score7
WACC8.53%
ROIC/WACC0.45
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)2.16%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-24.79%
EPS Next Y4.03%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
EPS Next 5Y5.18%
Revenue 1Y (TTM)10.79%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%-0.11%
Revenue Next Year12.18%
Revenue Next 2Y8.14%
Revenue Next 3Y6.57%
Revenue Next 5Y6.68%
EBIT growth 1Y17.46%
EBIT growth 3Y10.64%
EBIT growth 5Y7.06%
EBIT Next Year113.78%
EBIT Next 3Y35.01%
EBIT Next 5Y25%
FCF growth 1Y3.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y116.06%
OCF growth 3Y13.51%
OCF growth 5Y7.34%