Avista
Market Cap
US$3.2b
Last Updated
2019/10/14 23:31 UTC
Data Sources
Company Financials +
Executive Summary
Avista Corporation operates as an electric and natural gas utility company.
Snowflake
Fundamentals
Established dividend payer with proven track record.
Similar Companies
Share Price & News
How has Avista's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.1%
AVA
-1.5%
US Integrated Utilities
1.3%
US Market
1 Year Return
-6.0%
AVA
18.6%
US Integrated Utilities
5.9%
US Market
Return vs Industry: AVA underperformed the US Integrated Utilities industry which returned 18.6% over the past year.
Return vs Market: AVA underperformed the US Market which returned 5.9% over the past year.
Shareholder returns
| AVA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | -1.5% | 1.3% |
| 30 Day | -0.3% | 1.4% | -1.9% |
| 90 Day | 5.2% | 3.7% | -1.8% |
| 1 Year | -2.7%-6.0% | 22.8%18.6% | 8.3%5.9% |
| 3 Year | 32.2%20.1% | 45.6%30.9% | 45.6%36.2% |
| 5 Year | 69.0%42.4% | 74.3%39.8% | 66.1%47.9% |
Price Volatility Vs. Market
How volatile is Avista's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why We Think Avista (NYSE:AVA) Is Well Worth Watching2 weeks ago | Simply Wall St
These 4 Measures Indicate That Avista (NYSE:AVA) Is Using Debt In A Risky Way1 month ago | Simply Wall St
Does Avista Corporation's (NYSE:AVA) CEO Pay Reflect Performance?Valuation
Is Avista undervalued compared to its fair value and its price relative to the market?
15.99x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: AVA ($47.92) is trading above our estimate of fair value ($33.88)
Significantly Undervalued: AVA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AVA is good value based on its PE Ratio (16x) compared to the Integrated Utilities industry average (21.5x).
PE vs Market: AVA is good value based on its PE Ratio (16x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: AVA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AVA is good value based on its PB Ratio (1.7x) compared to the US Integrated Utilities industry average (2.1x).
Next Steps
Future Growth
How is Avista forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-10.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVA's earnings are forecast to decline over the next 3 years (-10.9% per year).
Earnings vs Market: AVA's earnings are forecast to decline over the next 3 years (-10.9% per year).
High Growth Earnings: AVA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AVA's revenue (3% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: AVA's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: AVA's Return on Equity is forecast to be low in 3 years time (8.1%).
Next Steps
Past Performance
How has Avista performed over the past 5 years?
6.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AVA's earnings have grown by 6.4% per year over the past 5 years.
Accelerating Growth: AVA's earnings growth over the past year (75.2%) exceeds its 5-year average (6.4% per year).
Earnings vs Industry: AVA earnings growth over the past year (75.2%) exceeded the Integrated Utilities industry -11.4%.
Return on Equity
High ROE: AVA's Return on Equity (10.5%) is considered low.
Return on Assets
ROA vs Industry: AVA has a higher Return on Assets than the Integrated Utilities industry average last year.
Return on Capital Employed
ROCE Improving: AVA's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Avista's financial position?
Financial Position Analysis
Short Term Liabilities: AVA's short term assets ($269.8M) do not cover its short term liabilities ($516.7M)
Long Term Liabilities: AVA's short term assets (269.8M) do not cover its long term liabilities (3.5B)
Debt to Equity History and Analysis
Debt Level: AVA's debt to equity ratio (109.9%) is considered high
Reducing Debt: AVA's debt to equity ratio has increased from 106.3% to 109.9% over the past 5 years.
Debt Coverage: AVA's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: AVA's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Inventory Level: AVA has a high level of physical assets or inventory.
Debt Coverage by Assets: AVA's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Avista's current dividend yield, its reliability and sustainability?
3.23%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AVA's dividend (3.23%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: AVA's dividend (3.23%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stable Dividend: AVA's dividends per share have been stable in the past 10 years.
Growing Dividend: AVA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.7%), AVA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AVA's dividends in 3 years are forecast to be covered by earnings (72.4% payout ratio).
Next Steps
Management
What is the CEO of Avista's salary, the management and board of directors tenure and is there insider trading?
14.2yrs
Average management tenure
CEO
Dennis Vermillion (57yo)
0yrs
Tenure
US$1,466,641
Compensation
Mr. Dennis P. Vermillion has been the President and Director of Avista Corporation since January 1, 2018 and as its Chief Executive Officer since October 1, 2019. Mr. Vermillion is Director of Alaska Elect ...
CEO Compensation Analysis
Compensation vs. Market: Dennis has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.
Management Age and Tenure
14.2yrs
Average Tenure
60yo
Average Age
Experienced Management: AVA's management team is seasoned and experienced (14.2 years average tenure).
Board Age and Tenure
8.8yrs
Average Tenure
60yo
Average Age
Experienced Board: AVA's board of directors are considered experienced (8.8 years average tenure).
Insider Trading
Insider Buying: AVA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Energy Resources & Environmental Compliance Officer |
| Shares | 6,500 |
| Max Price | US$46.82 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,438 |
| Max Price | US$46.78 |
| Entity | Individual |
| Role | Chief Information Officer VP, Chief Information Officer & Chief Security Officer |
| Shares | 760 |
| Max Price | US$46.95 |
| Entity | Individual |
| Role | Chief Legal Officer Senior VP |
| Shares | 10,004 |
| Max Price | US$44.11 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 23,000 |
| Max Price | US$44.33 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 600 |
| Max Price | US$42.21 |
| Entity | Individual |
| Shares | 780 |
| Max Price | US$41.78 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 2,000 |
| Max Price | US$41.92 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 6,100 |
| Max Price | US$40.60 |
| Entity | Individual |
| Role | Chief Information Officer VP, Chief Information Officer & Chief Security Officer |
| Shares | 500 |
| Max Price | US$43.55 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Energy Resources & Environmental Compliance Officer |
| Shares | 1,250 |
| Max Price | US$43.58 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Energy Resources & Environmental Compliance Officer |
| Shares | 2,875 |
| Max Price | US$40.04 |
| Entity | Individual |
| Role | Chief Information Officer VP, Chief Information Officer & Chief Security Officer |
| Shares | 500 |
| Max Price | US$39.99 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 6,100 |
| Max Price | US$40.60 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 2,600 |
| Max Price | US$41.45 |
| Entity | Individual |
| Role | Head of Human Resources Senior VP & Chief Human Resources Officer |
| Shares | 18,224 |
| Max Price | US$41.25 |
| Entity | Individual |
| Role | Senior Key Executive VP and Chief Counsel for Regulatory & Government Affairs |
| Shares | 1,437 |
| Max Price | US$41.34 |
Ownership Breakdown
Management Team
David Meyer (65yo)
VP and Chief Counsel for Regulatory & Government Affairs
- Tenure: 21.1yrs
- Compensation: US$519.93k
Mark Thies (55yo)
Executive VP
- Tenure: 11.1yrs
- Compensation: US$1.44m
Scott Morris (61yo)
Executive Chairman
- Tenure: 11.8yrs
- Compensation: US$3.82m
Dennis Vermillion (57yo)
CEO, President & Director
- Tenure: 0yrs
- Compensation: US$1.47m
Karen Feltes (63yo)
Senior VP & Chief Human Resources Officer
- Tenure: 17.7yrs
- Compensation: US$1.14m
Marian Durkin (65yo)
Senior VP
- Tenure: 14.2yrs
- Compensation: US$1.21m
James Kensok (60yo)
VP, Chief Information Officer & Chief Security Officer
- Tenure: 18.7yrs
Jason Thackston (49yo)
Senior Vice President of Energy Resources & Environmental Compliance Officer
- Tenure: 6.8yrs
Ryan Krasselt (49yo)
VP, Controller & Principal Accounting Officer
- Tenure: 4yrs
John Wilcox
Investor Relations Manager
- Tenure: 0yrs
Board Members
Heidi Stanley (62yo)
Director
- Tenure: 13.4yrs
- Compensation: US$180.00k
Scott Morris (61yo)
Executive Chairman
- Tenure: 11.8yrs
- Compensation: US$3.82m
R. Taylor (69yo)
Director
- Tenure: 34.8yrs
- Compensation: US$194.69k
Kristianne Blake (65yo)
Lead Director
- Tenure: 2.4yrs
- Compensation: US$213.75k
Dennis Vermillion (57yo)
CEO, President & Director
- Tenure: 0yrs
- Compensation: US$1.47m
Marc Racicot (70yo)
Director
- Tenure: 10.2yrs
- Compensation: US$172.50k
Don Burke (59yo)
Director
- Tenure: 8.2yrs
- Compensation: US$195.00k
Becky Klein (53yo)
Director
- Tenure: 9.4yrs
- Compensation: US$185.50k
Janet Widmann (52yo)
Director
- Tenure: 5.2yrs
- Compensation: US$171.00k
Scott Maw (52yo)
Director
- Tenure: 3.2yrs
- Compensation: US$175.50k
Company Information
Avista Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Avista Corporation
- Ticker: AVA
- Exchange: NYSE
- Founded: 1889
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$3.168b
- Shares outstanding: 66.11m
- Website: https://www.myavista.com
Number of Employees
Location
- Avista Corporation
- 1411 East Mission Avenue
- Spokane
- Washington
- 99202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AVA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| AV6 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| AV6 | BST (Boerse-Stuttgart) | Yes | Common Stock | DE | EUR | Jan 1968 |
Biography
Avista Corporation operates as an electric and natural gas utility company. It operates through two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and tra ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 23:31 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.