PORTLAND GENERAL ELECTRIC CO (POR) Stock Fundamental Analysis
NYSE:POR - New York Stock Exchange, Inc. - US7365088472 - Common Stock - Currency: USD
Overall POR gets a fundamental rating of 3 out of 10. We evaluated POR 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 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.
POR had a positive operating cash flow in the past year.
Each year in the past 5 years POR has been profitable.
Each year in the past 5 years POR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.39%, POR is doing worse than 70.21% of the companies in the same industry.
POR has a worse Return On Equity (7.91%) than 76.60% of its industry peers.
The Return On Invested Capital of POR (3.80%) is worse than 68.09% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for POR is significantly below the industry average of 38.54%.
The 3 year average ROIC (3.68%) for POR is below the current ROIC(3.80%), indicating increased profibility in the last year.
| 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
POR's Profit Margin of 8.84% is on the low side compared to the rest of the industry. POR is outperformed by 76.60% of its industry peers.
POR's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 15.06%, 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.
Looking at the Gross Margin, with a value of 46.84%, POR is in line with its industry, outperforming 48.94% of the companies in the same industry.
In the last couple of years the Gross Margin of POR has declined.
| 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.
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.
POR has a better debt/assets ratio than last year.
2.2 Solvency
POR has an Altman-Z score of 0.90. This is a bad value and indicates that POR is not financially healthy and even 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 53.19% 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.
POR has a Debt to Equity ratio (1.28) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.9 |
ROIC/WACC0.63
WACC6.08%
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.
The Current ratio of POR (1.06) is comparable to the rest of the industry.
POR has a Quick Ratio of 1.06. 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 Quick ratio (0.94) than 61.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.16% over the past year.
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 10.79% 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)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
Based on estimates for the next years, POR will show a small growth in Earnings Per Share. The EPS will grow by 5.43% on average per year.
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 Year12.8%
Revenue Next 2Y8.56%
Revenue Next 3Y7.03%
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
A Price/Earnings ratio of 14.09 indicates a correct valuation of POR.
Compared to the rest of the industry, the Price/Earnings ratio of POR indicates a somewhat cheap valuation: POR is cheaper than 61.70% of the companies listed in the same industry.
POR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.68, which indicates a very decent valuation of POR.
Based on the Price/Forward Earnings ratio, POR is valued a bit cheaper than the industry average as 65.96% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 36.44. POR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.09 | ||
| Fwd PE | 11.68 |
4.2 Price Multiples
POR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. POR is cheaper than 65.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.97 |
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)3.47
PEG (5Y)2.55
EPS Next 2Y4.48%
EPS Next 3Y4.61%
5. Dividend
5.1 Amount
POR has a Yearly Dividend Yield of 5.22%, which is a nice return.
POR's Dividend Yield is rather good when compared to the industry average which is at 3.54. POR pays more dividend than 91.49% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, POR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
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 2Y4.48%
EPS Next 3Y4.61%
40.02
-0.19 (-0.47%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners102.58%
Inst Owner Change-0.13%
Ins Owners0.5%
Ins Owner Change9.6%
Market Cap4.38B
Analysts71.11
Price Target47.57 (18.87%)
Short Float %4.07%
Short Ratio4.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
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)-2.86%
PT rev (3m)-4.19%
EPS NQ rev (1m)1.32%
EPS NQ rev (3m)10.51%
EPS NY rev (1m)0.03%
EPS NY rev (3m)0.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.65%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)1.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.09 | ||
| Fwd PE | 11.68 | ||
| P/S | 1.27 | ||
| P/FCF | N/A | ||
| P/OCF | 5.25 | ||
| P/B | 1.14 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 8.97 |
EPS(TTM)2.84
EY7.1%
EPS(NY)3.43
Fwd EY8.56%
FCF(TTM)-4.27
FCFYN/A
OCF(TTM)7.62
OCFY19.03%
SpS31.4
BVpS35.1
TBVpS35.1
PEG (NY)3.47
PEG (5Y)2.55
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
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)2.16%
EPS 3Y4.77%
EPS 5Y5.52%
EPS Q2Q%-24.79%
EPS Next Y4.06%
EPS Next 2Y4.48%
EPS Next 3Y4.61%
EPS Next 5Y5.43%
Revenue 1Y (TTM)10.79%
Revenue growth 3Y12.81%
Revenue growth 5Y10.13%
Sales Q2Q%-0.11%
Revenue Next Year12.8%
Revenue Next 2Y8.56%
Revenue Next 3Y7.03%
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%