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 may be in some trouble as it scores bad on both profitability and health. POR is valied quite expensively at the moment, while 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.
Each year in the past 5 years POR had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.32%, POR is not doing good in the industry: 74.47% of the companies in the same industry are doing better.
POR has a worse Return On Equity (7.63%) than 76.60% 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 68.09% of its industry peers.
The Average Return On Invested Capital over the past 3 years for POR is significantly below the industry average of 38.35%.
The 3 year average ROIC (3.68%) for POR is below the current ROIC(3.82%), indicating increased profibility in the last year.
| 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 78.72% of its industry peers.
In the last couple of years the Profit Margin of POR has declined.
Looking at the Operating Margin, with a value of 14.91%, POR is doing worse than 80.85% of the companies in the same industry.
POR's Operating Margin has declined in the last couple of years.
The Gross Margin of POR (46.85%) is comparable to the rest of the industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so POR is destroying value.
Compared to 1 year ago, POR has more shares outstanding
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
POR has an Altman-Z score of 0.91. This is a bad value and indicates that POR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of POR (0.91) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.28 is on the high side and indicates that POR has dependencies on debt financing.
POR has a Debt to Equity ratio (1.28) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.91 |
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.
Looking at the Current ratio, with a value of 0.97, POR is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
POR has a Quick 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.
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%.
POR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.52% yearly.
Looking at the last year, POR shows a quite strong growth in Revenue. The Revenue has grown by 8.53% in the last year.
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
POR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.43% yearly.
The Revenue is expected to grow by 6.68% on average over the next years.
EPS Next Y4.06%
EPS Next 2Y4.48%
EPS Next 3Y4.61%
EPS Next 5Y5.43%
Revenue Next Year12.05%
Revenue Next 2Y8.34%
Revenue Next 3Y6.85%
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.
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 15.01, POR is valued correctly.
POR's Price/Earnings ratio is in line with the industry average.
POR is valuated rather cheaply when we compare the Price/Earnings ratio to 26.41, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.31 indicates a correct valuation of POR.
Based on the Price/Forward Earnings ratio, POR is valued a bit cheaper than 68.09% of the companies in the same industry.
POR is valuated cheaply when we compare the Price/Forward Earnings ratio to 33.87, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.01 | ||
| Fwd PE | 12.31 |
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 | 9.03 |
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)3.7
PEG (5Y)2.72
EPS Next 2Y4.48%
EPS Next 3Y4.61%
5. Dividend
5.1 Amount
POR has a Yearly Dividend Yield of 4.95%, which is a nice return.
Compared to an average industry Dividend Yield of 3.60, POR pays a better dividend. On top of this POR pays more dividend than 82.98% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, POR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
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
72.45% of the earnings are spent on dividend by POR. 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 2Y4.48%
EPS Next 3Y4.61%
42.19
+0.11 (+0.26%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners101.6%
Inst Owner Change-1.92%
Ins Owners0.53%
Ins Owner Change11.22%
Market Cap4.62B
Analysts70
Price Target47.2 (11.87%)
Short Float %3.82%
Short Ratio3.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
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)-2.94%
PT rev (3m)-4.45%
EPS NQ rev (1m)0.52%
EPS NQ rev (3m)14.94%
EPS NY rev (1m)0%
EPS NY rev (3m)0.31%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-1.26%
Revenue NY rev (1m)-0.66%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.01 | ||
| Fwd PE | 12.31 | ||
| P/S | 1.33 | ||
| P/FCF | N/A | ||
| P/OCF | 4.71 | ||
| P/B | 1.2 | ||
| P/tB | 1.2 | ||
| EV/EBITDA | 9.03 |
EPS(TTM)2.81
EY6.66%
EPS(NY)3.43
Fwd EY8.12%
FCF(TTM)-2.37
FCFYN/A
OCF(TTM)8.95
OCFY21.22%
SpS31.84
BVpS35.16
TBVpS35.16
PEG (NY)3.7
PEG (5Y)2.72
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 | 0.91 |
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 2Y4.48%
EPS Next 3Y4.61%
EPS Next 5Y5.43%
Revenue 1Y (TTM)8.53%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%6.46%
Revenue Next Year12.05%
Revenue Next 2Y8.34%
Revenue Next 3Y6.85%
Revenue Next 5Y6.68%
EBIT growth 1Y9.24%
EBIT growth 3Y10.64%
EBIT growth 5Y7.06%
EBIT Next Year114.87%
EBIT Next 3Y36.42%
EBIT Next 5Y25%
FCF growth 1Y58.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y168.03%
OCF growth 3Y13.51%
OCF growth 5Y7.34%