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Itron

Nasdaq:ITRI
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ITRI
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Itron, Inc., a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The last earnings update was 39 days ago. More info.


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ITRI Share Price and Events
7 Day Returns
1.3%
NasdaqGS:ITRI
0.4%
US Electronic
0.5%
US Market
1 Year Returns
1.8%
NasdaqGS:ITRI
-3.3%
US Electronic
0.8%
US Market
ITRI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Itron (ITRI) 1.3% 4.8% 19.7% 1.8% 40.6% 48.3%
US Electronic 0.4% -0.7% -3.7% -3.3% 53% 46.7%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • ITRI outperformed the Electronic industry which returned -3.3% over the past year.
  • ITRI outperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
ITRI
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Itron to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Itron.

NasdaqGS:ITRI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ITRI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.095 (1 + (1- 21%) (46.25%))
1.331
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.331 * 5.96%)
10.67%

Discounted Cash Flow Calculation for NasdaqGS:ITRI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Itron is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:ITRI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.67%)
2019 104.04 Analyst x3 94.01
2020 201.49 Analyst x2 164.52
2021 265.08 Est @ 31.56% 195.59
2022 325.81 Est @ 22.91% 217.23
2023 380.73 Est @ 16.86% 229.38
2024 428.77 Est @ 12.62% 233.43
2025 470.16 Est @ 9.65% 231.29
2026 505.78 Est @ 7.58% 224.83
2027 536.74 Est @ 6.12% 215.60
2028 564.13 Est @ 5.1% 204.76
Present value of next 10 years cash flows $2,010.63
NasdaqGS:ITRI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $564.13 × (1 + 2.73%) ÷ (10.67% – 2.73%)
$7,302.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,302.90 ÷ (1 + 10.67%)10
$2,650.73
NasdaqGS:ITRI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,010.63 + $2,650.73
$4,661.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,661.37 / 39.35
$118.46
NasdaqGS:ITRI Discount to Share Price
Calculation Result
Value per share (USD) From above. $118.46
Current discount Discount to share price of $59.61
= -1 x ($59.61 - $118.46) / $118.46
49.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Itron is available for.
Intrinsic value
50%
Share price is $59.61 vs Future cash flow value of $118.46
Current Discount Checks
For Itron to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Itron's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Itron's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Itron's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Itron's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ITRI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.13
NasdaqGS:ITRI Share Price ** NasdaqGS (2019-06-14) in USD $59.61
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 18.17x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Itron.

NasdaqGS:ITRI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ITRI Share Price ÷ EPS (both in USD)

= 59.61 ÷ 1.13

52.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Itron's expected growth come at a high price?
Raw Data
NasdaqGS:ITRI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 52.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
63.6%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:ITRI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 52.8x ÷ 63.6%

0.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Itron is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Itron's assets?
Raw Data
NasdaqGS:ITRI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.87
NasdaqGS:ITRI Share Price * NasdaqGS (2019-06-14) in USD $59.61
United States of America Electronic Industry PB Ratio Median Figure of 140 Publicly-Listed Electronic Companies 1.98x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:ITRI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ITRI Share Price ÷ Book Value per Share (both in USD)

= 59.61 ÷ 17.87

3.34x

* Primary Listing of Itron.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Itron is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Itron's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Itron has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
63.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Itron expected to grow at an attractive rate?
  • Itron's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Itron's earnings growth is expected to exceed the United States of America market average.
  • Itron's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ITRI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ITRI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 63.6%
NasdaqGS:ITRI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.3%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ITRI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ITRI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,554 232 98 7
2019-12-31 2,442 178 46 6
NasdaqGS:ITRI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,383 159 45
2018-12-31 2,376 110 -99
2018-09-30 2,340 144 -121
2018-06-30 2,231 115 -116
2018-03-31 2,148 104 -104
2017-12-31 2,018 191 57
2017-09-30 1,963 148 67
2017-06-30 1,983 158 32
2017-03-31 1,993 145 38
2016-12-31 2,013 116 32
2016-09-30 2,014 135 29
2016-06-30 1,977 107 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Itron's earnings are expected to grow significantly at over 20% yearly.
  • Itron's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ITRI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Itron Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ITRI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.41 2.64 2.24 4.00
2019-12-31 1.16 1.64 0.82 5.00
NasdaqGS:ITRI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.13
2018-12-31 -2.53
2018-09-30 -3.11
2018-06-30 -2.97
2018-03-31 -2.69
2017-12-31 1.48
2017-09-30 1.74
2017-06-30 0.83
2017-03-31 0.98
2016-12-31 0.83
2016-09-30 0.76
2016-06-30 1.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Itron will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Itron's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Itron has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Itron performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Itron's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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.
Earnings and Revenue History
Itron's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Itron Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ITRI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,383.47 44.51 323.87 198.11
2018-12-31 2,376.12 -99.25 334.54 207.91
2018-09-30 2,339.85 -121.35 333.14 206.03
2018-06-30 2,230.63 -115.65 326.61 201.25
2018-03-31 2,147.83 -104.21 325.30 188.92
2017-12-31 2,018.20 57.30 311.58 169.41
2017-09-30 1,963.13 67.17 306.67 166.37
2017-06-30 1,983.25 31.71 312.18 163.30
2017-03-31 1,993.19 37.53 314.95 163.63
2016-12-31 2,013.19 31.77 324.55 167.77
2016-09-30 2,013.92 29.11 340.62 164.02
2016-06-30 1,976.59 51.63 335.09 166.19
2016-03-31 1,934.38 17.37 330.52 166.16
2015-12-31 1,883.53 12.68 325.30 162.33
2015-09-30 1,874.10 -46.29 297.18 171.19
2015-06-30 1,901.03 -51.62 304.26 171.93
2015-03-31 1,919.57 -18.02 307.82 172.61
2014-12-31 1,947.62 -23.67 330.27 175.50
2014-09-30 1,984.13 -128.12 326.76 177.55
2014-06-30 1,983.17 -142.77 322.26 176.74
2014-03-31 1,975.99 -149.63 323.05 176.22
2013-12-31 1,938.03 -153.15 324.33 175.42
2013-09-30 1,948.54 23.58 329.13 173.54
2013-06-30 1,957.11 66.28 328.48 175.35
2013-03-31 2,054.07 85.49 328.28 178.51
2012-12-31 2,178.18 108.28 332.89 178.65
2012-09-30 2,297.32 37.68 331.75 176.45
2012-06-30 2,408.81 -514.75 334.45 171.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Itron has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Itron used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Itron has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Itron's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Itron has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Itron's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Itron's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Itron's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Itron Company Filings, last reported 2 months ago.

NasdaqGS:ITRI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 732.03 1,084.80 112.82
2018-12-31 734.05 1,018.86 122.62
2018-09-30 712.33 1,029.75 111.70
2018-06-30 682.99 1,118.88 164.99
2018-03-31 704.60 1,121.79 145.44
2017-12-31 805.63 614.18 176.97
2017-09-30 790.52 322.23 137.67
2017-06-30 743.50 324.47 127.89
2017-03-31 702.61 304.48 187.94
2016-12-31 650.35 305.53 133.57
2016-09-30 661.99 348.21 151.38
2016-06-30 657.97 350.17 132.01
2016-03-31 645.23 352.26 132.62
2015-12-31 622.70 374.92 131.02
2015-09-30 634.81 391.18 109.46
2015-06-30 645.26 377.78 128.81
2015-03-31 646.90 367.66 118.08
2014-12-31 698.54 329.57 112.37
2014-09-30 837.01 318.61 122.48
2014-06-30 883.94 335.66 114.78
2014-03-31 870.80 351.95 146.33
2013-12-31 872.97 385.03 124.81
2013-09-30 1,010.44 403.91 122.05
2013-06-30 997.67 414.21 103.66
2013-03-31 986.65 403.10 101.56
2012-12-31 1,009.51 421.08 136.41
2012-09-30 990.24 424.78 91.47
2012-06-30 939.68 456.68 102.80
  • Itron's level of debt (137.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.4% vs 137.1% today).
  • Debt is not well covered by operating cash flow (15.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Itron's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Itron has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Itron dividends.
If you bought $2,000 of Itron shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ITRI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ITRI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Itron's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess Itron's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Itron afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Itron has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Philip Mezey
COMPENSATION $4,971,887
AGE 58
TENURE AS CEO 6.4 years
CEO Bio

Mr. Philip C. Mezey has been the Chief Executive Officer and President of Itron, Inc. since January 1, 2013. Mr. Mezey served as President and Chief Operating Officer of Energy at Itron, Inc. since March 2011 until December 31, 2012. Mr. Mezey served as Chief Operating Officer of Itron North America and Senior Vice President at Itron, Inc. since 2007. Mr. Mezey served as Senior Vice President of Software Solutions of Itron, Inc. since January 1, 2006 and its General Manager. He served as Group Vice President and manager of Software Solutions at Itron, Inc. since 2004. Mr. Mezey joined Itron, Inc in March 2003 as Managing Director of Software Development for Itrons Energy Management Solutions Group upon Itrons acquisition of Silicon. He joined Silicon in 2000 as Vice President, Software Development. He served as Senior Vice President of Internet Products and Integration of Silicon Energy Corp. since February 2000. Prior to joining Silicon, he served as Founding Member of Indus and was with Indus for 12 years with various responsibilities for product development and services for utility solutions. From April 1988 to December 1999, Mr. Mezey served as Senior Vice President of Strategy and Development at Indus International. From July 1985 to March 1988, Mr. Mezey served as Software Developer at Tenera LP. Prior to Tenera, he worked at Rand Information Systems, a consulting and software company. He has been a Director of Itron, Inc. since January 1, 2013. Mr. Mezey holds a B.A. degree in history from the University of California at Berkeley.

CEO Compensation
  • Philip's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Philip's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Itron management team in years:

2.8
Average Tenure
55.5
Average Age
  • The tenure for the Itron management team is about average.
Management Team

Philip Mezey

TITLE
President
COMPENSATION
$5M
AGE
58
TENURE
6.4 yrs

Joan Hooper

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
60
TENURE
2 yrs

Tom Deitrich

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
51
TENURE
3.7 yrs

Sarah Hlavinka

TITLE
Senior VP
COMPENSATION
$2M
AGE
53
TENURE
0.8 yrs

Michel Cadieux

TITLE
Senior Vice President of Human Resources
COMPENSATION
$1M
AGE
61
TENURE
5.3 yrs

Simon Pontin

TITLE
Chief Technology Officer
TENURE
8.4 yrs

Chuck McAtee

TITLE
VP of Information Technology & Chief Information Officer
TENURE
13.4 yrs

Ken Gianella

TITLE
Vice President of Investor Relations
AGE
45
TENURE
0.8 yrs

Marina Donovan

TITLE
Vice President of Global Marketing & Public Affairs
TENURE
1.4 yrs

Sharelynn Moore

TITLE
Senior Vice President of Network Solutions
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Itron board of directors in years:

4.3
Average Tenure
61
Average Age
  • The tenure for the Itron board of directors is about average.
Board of Directors

Lynda Ziegler

TITLE
Chair of the Board
COMPENSATION
$250K
AGE
65
TENURE
2.8 yrs

Philip Mezey

TITLE
President
COMPENSATION
$5M
AGE
58
TENURE
6.4 yrs

Thomas Glanville

TITLE
Director
COMPENSATION
$185K
AGE
60
TENURE
18.1 yrs

Diana Tremblay

TITLE
Director
COMPENSATION
$182K
AGE
59
TENURE
4.1 yrs

Frank Jaehnert

TITLE
Director
COMPENSATION
$186K
AGE
61
TENURE
4.1 yrs

Gary Pruitt

TITLE
Director
COMPENSATION
$178K
AGE
68
TENURE
13.4 yrs

Dan Pelino

TITLE
Director
COMPENSATION
$176K
AGE
61
TENURE
4.6 yrs

Tim Leyden

TITLE
Director
COMPENSATION
$180K
AGE
67
TENURE
4.3 yrs

Jerome Lande

TITLE
Director
COMPENSATION
$78K
AGE
42
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • Itron insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. Jun 19 Sell Scopia Capital Management LP Company 29. May 19 07. Jun 19 -292,800 $58.94 $-16,884,458
13. May 19 Sell Joan Hooper Individual 10. May 19 10. May 19 -341 $60.91 $-20,770
13. Mar 19 Sell Scopia Capital Management LP Company 11. Mar 19 12. Mar 19 -69,105 $49.98 $-3,434,928
02. Mar 19 Sell Thomas Deitrich Individual 25. Feb 19 25. Feb 19 -2,984 $61.42 $-183,268
02. Mar 19 Sell Philip Mezey Individual 27. Feb 19 27. Feb 19 -22,645 $60.75 $-1,375,571
02. Mar 19 Sell Joan Hooper Individual 25. Feb 19 25. Feb 19 -377 $61.42 $-23,154
02. Mar 19 Sell Michel Cadieux Individual 25. Feb 19 25. Feb 19 -1,234 $61.42 $-75,789
02. Mar 19 Sell Philip Mezey Individual 25. Feb 19 25. Feb 19 -4,591 $61.42 $-281,965
02. Mar 19 Sell Thomas Deitrich Individual 27. Feb 19 27. Feb 19 -9,676 $60.75 $-587,769
02. Mar 19 Sell Michel Cadieux Individual 27. Feb 19 27. Feb 19 -3,350 $60.75 $-203,496
27. Feb 19 Sell Philip Mezey Individual 25. Feb 19 25. Feb 19 -3,657 $60.65 $-221,797
20. Nov 18 Sell Scopia Capital Management LP Company 19. Nov 18 20. Nov 18 -18,859 $53.05 $-986,374
16. Nov 18 Sell Scopia Capital Management LP Company 14. Nov 18 16. Nov 18 -55,178 $53.49 $-2,906,392
16. Nov 18 Buy Gary Pruitt Individual 14. Nov 18 15. Nov 18 20,000 $53.03 $1,057,586
13. Nov 18 Sell Scopia Capital Management LP Company 08. Nov 18 13. Nov 18 -76,694 $56.07 $-4,114,128
X
Management checks
We assess Itron's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Itron has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Itron, Inc. (NASDAQ:ITRI) Have A Volatile Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Beta only tells us that the Itron share price is sensitive to broader market movements.

Simply Wall St -

With A 6.6% Return On Equity, Is Itron, Inc. (NASDAQ:ITRI) A Quality Stock?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Itron: 6.6% = US$45m ÷ US$732m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Itron Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

When Should You Buy Itron, Inc. (NASDAQ:ITRI)?

Help shape the future of investing tools and you could win a $250 gift card! … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine Itron’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Is Itron, Inc.'s (NASDAQ:ITRI) CEO Pay Fair?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Philip Mezey's Compensation Compare With Similar Sized Companies. … has a market cap of US$2.0b, and is paying total annual CEO compensation of US$5.0m.

Simply Wall St -

Are Itron, Inc.'s (NASDAQ:ITRI) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Itron, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Read This Before Buying Itron, Inc. (NASDAQ:ITRI) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Itron, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In the last twelve months, the biggest single sale by an insider was when President Philip Mezey sold US$1.4m worth of shares at a price of US$60.75 per share.

Simply Wall St -

How Financially Strong Is Itron, Inc. (NASDAQ:ITRI)?

ITRI’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Don’t forget that this is a general and concentrated examination of Itron’s financial health, so you should conduct further analysis. … How does ITRI’s operating cash flow stack up against its debt?

Simply Wall St -

Should You Investigate Itron, Inc. (NASDAQ:ITRI) At US$56.21?

received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Itron’s outlook and valuation to see if the opportunity still exists.

Simply Wall St -

Does The Itron, Inc. (NASDAQ:ITRI) Share Price Tend To Follow The Market?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … To make good use of it you must first know that the beta of the overall market is one. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Are Insiders Buying Itron, Inc. (NASDAQ:ITRI) Stock?

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in Itron, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Company Info

Description

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 Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers software implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or non-customary warranties. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was founded in 1977 and is headquartered in Liberty Lake, Washington.

Details
Name: Itron, Inc.
ITRI
Exchange: NasdaqGS
Founded: 1977
$2,345,594,068
39,349,003
Website: http://www.itron.com
Address: Itron, Inc.
2111 North Molter Road,
Liberty Lake,
Washington, 99019,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ITRI Common Shares Nasdaq Global Select US USD 05. Nov 1993
DB IT6 Common Shares Deutsche Boerse AG DE EUR 05. Nov 1993
Number of employees
Current staff
Staff numbers
6,700
Itron employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 23:42
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/28
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.