NasdaqGS:ITRI

Stock Analysis Report

Executive Summary

Itron, Inc., a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Itron's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.9%

ITRI

-2.3%

US Electronic

-0.6%

US Market


1 Year Return

16.3%

ITRI

-2.9%

US Electronic

0.7%

US Market

ITRI outperformed the Electronic industry which returned -2.9% over the past year.

ITRI outperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

ITRIIndustryMarket
7 Day2.9%-2.3%-0.6%
30 Day12.2%5.2%2.9%
90 Day25.5%0.3%1.3%
1 Year16.3%16.3%-1.9%-2.9%2.9%0.7%
3 Year39.3%39.3%49.3%45.2%44.6%35.2%
5 Year95.6%95.6%69.8%61.4%61.9%44.2%

Price Volatility Vs. Market

How volatile is Itron's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Itron undervalued based on future cash flows and its price relative to the stock market?

49.46x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Itron's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Itron's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Itron is overvalued based on earnings compared to the US Electronic industry average.

Itron is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Itron is poor value based on expected growth next year.


Price Based on Value of Assets

Itron is overvalued based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

How is Itron expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

48.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Itron's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).

Itron's earnings are expected to grow significantly at over 20% yearly.

Itron's revenue growth is positive but not above the United States of America market average.

Itron's earnings growth is expected to exceed the United States of America market average.

Itron's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Itron is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Itron performed over the past 5 years?

16.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Itron's year on year earnings growth rate has been positive over the past 5 years.

Itron has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Itron has become profitable in the last year making it difficult to compare the US Electronic industry average.


Return on Equity

Itron has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Itron used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Itron's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Itron's financial position?


Financial Position Analysis

Itron is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Itron's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Itron's level of debt (133.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (38% vs 133.4% today).

Debt is not well covered by operating cash flow (17.2%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

What is Itron's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Itron's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Itron's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Itron has not reported any payouts.

Unable to verify if Itron's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Itron has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Itron's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Tom Deitrich (52yo)

0.08yrs

Tenure

US$2,929,664

Compensation

Mr. Philip C. Mezey served as the Chief Executive Officer and President of Itron, Inc. since January 1, 2013 until August 6, 2019. Mr. Mezey served as President and Chief Operating Officer of Energy at Itr ...


CEO Compensation Analysis

Tom's remuneration is lower than average for companies of similar size in United States of America.

Tom's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.9yrs

Average Tenure

56.5yo

Average Age

The average tenure for the Itron management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

62yo

Average Age

The tenure for the Itron board of directors is about average.


Insider Trading

Itron individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$234,28916 Sep 19
Sarah Elizabeth McConnell
EntityIndividual
Shares3,195
Max PriceUS$73.33
SellUS$12,710,51613 Sep 19
Scopia Capital Management LP
EntityCompany
Shares180,479
Max PriceUS$73.16
SellUS$28,583,12220 Aug 19
Scopia Capital Management LP
EntityCompany
Shares423,075
Max PriceUS$70.81
SellUS$199,12512 Aug 19
Thomas Glanville
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$66.78
SellUS$25,750,21403 Jul 19
Scopia Capital Management LP
EntityCompany
Shares421,316
Max PriceUS$63.23
SellUS$20,87224 Jun 19
Joan Hooper
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares336
Max PriceUS$62.12
SellUS$16,884,45810 Jun 19
Scopia Capital Management LP
EntityCompany
Shares292,800
Max PriceUS$58.94
SellUS$20,77013 May 19
Joan Hooper
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares341
Max PriceUS$60.91
SellUS$3,434,92813 Mar 19
Scopia Capital Management LP
EntityCompany
Shares69,105
Max PriceUS$49.98
SellUS$1,375,57102 Mar 19
Philip Mezey
EntityIndividual
Role
Senior Key Executive
Consultant
Shares22,645
Max PriceUS$60.75
SellUS$587,76902 Mar 19
Thomas Deitrich
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares9,676
Max PriceUS$60.75
SellUS$203,49602 Mar 19
Michel Cadieux
EntityIndividual
Role
Head of Human Resources
Senior Vice President of Human Resources
Shares3,350
Max PriceUS$60.75
SellUS$23,15402 Mar 19
Joan Hooper
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares377
Max PriceUS$61.42
SellUS$75,78902 Mar 19
Michel Cadieux
EntityIndividual
Role
Head of Human Resources
Senior Vice President of Human Resources
Shares1,234
Max PriceUS$61.42
SellUS$281,96502 Mar 19
Philip Mezey
EntityIndividual
Role
Senior Key Executive
Consultant
Shares4,591
Max PriceUS$61.42
SellUS$183,26802 Mar 19
Thomas Deitrich
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares2,984
Max PriceUS$61.42
SellUS$221,79727 Feb 19
Philip Mezey
EntityIndividual
Role
Senior Key Executive
Consultant
Shares3,657
Max PriceUS$60.65
SellUS$986,37420 Nov 18
Scopia Capital Management LP
EntityCompany
Shares18,859
Max PriceUS$53.05
SellUS$2,906,39216 Nov 18
Scopia Capital Management LP
EntityCompany
Shares55,178
Max PriceUS$53.49
BuyUS$1,057,58616 Nov 18
Gary Pruitt
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceUS$53.03
SellUS$4,114,12813 Nov 18
Scopia Capital Management LP
EntityCompany
Shares76,694
Max PriceUS$56.07

Ownership Breakdown


Management Team

  • Joan Hooper (61yo)

    Senior VP & CFO

    • Tenure: 2.3yrs
    • Compensation: US$1.65m
  • Michel Cadieux (62yo)

    Senior Vice President of Human Resources

    • Tenure: 5.6yrs
    • Compensation: US$1.36m
  • Philip Mezey (59yo)

    Consultant

    • Tenure: 0.08yrs
    • Compensation: US$4.97m
  • Tom Deitrich (52yo)

    CEO, President & Director

    • Tenure: 0.08yrs
    • Compensation: US$2.93m
  • Chuck McAtee

    VP of Information Technology & Chief Information Officer

    • Tenure: 13.7yrs
  • Simon Pontin

    Chief Technology Officer

    • Tenure: 8.7yrs
  • Sharelynn Moore

    Senior Vice President of Network Solutions

    • Tenure: 2.2yrs
  • Ken Gianella (46yo)

    Vice President of Investor Relations

    • Tenure: 1.1yrs
  • Marina Donovan

    Vice President of Global Marketing & Public Affairs

    • Tenure: 1.7yrs
  • Sarah Hlavinka (54yo)

    Senior VP

    • Tenure: 1.1yrs
    • Compensation: US$2.16m

Board Members

  • Frank Jaehnert (62yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$186.35k
  • Thomas Glanville (61yo)

    Director

    • Tenure: 18.3yrs
    • Compensation: US$184.85k
  • Gary Pruitt (69yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$177.50k
  • Diana Tremblay (60yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$182.35k
  • Lynda Ziegler (66yo)

    Chair of the Board

    • Tenure: 3yrs
    • Compensation: US$249.89k
  • Tim Leyden (68yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$179.85k
  • Tom Deitrich (52yo)

    CEO, President & Director

    • Tenure: 0.08yrs
    • Compensation: US$2.93m
  • Dan Pelino (62yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$176.35k
  • Jerome Lande (43yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$77.50k

Company Information

Itron, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Itron, Inc.
  • Ticker: ITRI
  • Exchange: NasdaqGS
  • Founded: 1977
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$3.032b
  • Shares outstanding: 39.46m
  • Website: https://www.itron.com/na

Number of Employees


Location

  • Itron, Inc.
  • 2111 North Molter Road
  • Liberty Lake
  • Washington
  • 99019
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITRINasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDNov 1993
IT6DB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1993

Biography

Itron, Inc., a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:35
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.