| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 0/6 |
| Dividends | 6/6 |
AVA Stock Overview
Avista Corporation operates as an electric and natural gas utility company.
Rewards
Risk Analysis
Avista Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$43.57 |
| 52 Week High | US$49.14 |
| 52 Week Low | US$36.68 |
| Beta | 0.66 |
| 1 Month Change | 6.95% |
| 3 Month Change | 10.28% |
| 1 Year Change | 13.05% |
| 3 Year Change | 6.09% |
| 5 Year Change | 12.18% |
| Change since IPO | 183.38% |
Recent News & Updates
Is Avista (NYSE:AVA) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Avista (NYSE:AVA) Might Be Having Difficulty Using Its Capital Effectively
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Avista: Good Dividend And Growth But High Valuation
Avista is a regulated utility operating in the Pacific Northwest that is poised to grow its earnings at a 5% CAGR over the next few years. Utility stocks are popular among more conservative investors because of the combination of high dividends and stability. Electric utilities have increased in popularity due to electrification but the EIA thinks that may not prove as a major trend as some think. The company's current 4.19% yield appears reasonably sustainable. The company appears to be slightly overvalued compared to some of its peers.
Shareholder Returns
| AVA | US Integrated Utilities | US Market | |
|---|---|---|---|
| 7D | 2.1% | -0.4% | -3.5% |
| 1Y | 13.1% | 12.0% | 10.2% |
Return vs Industry: AVA exceeded the US Integrated Utilities industry which returned 12% over the past year.
Return vs Market: AVA exceeded the US Market which returned 10.2% over the past year.
Price Volatility
| AVA volatility | |
|---|---|
| AVA Average Weekly Movement | 2.6% |
| Integrated Utilities Industry Average Movement | 2.5% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.8% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: AVA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AVA's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1889 | n/a | Dennis Vermillion | https://investor.avistacorp.com |
Avista Corporation operates as an electric and natural gas utility company. It operates in two segments, Avista Utilities and AEL&P. The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana.
Avista Fundamentals Summary
| AVA fundamental statistics | |
|---|---|
| Market Cap | US$3.08b |
| Earnings (TTM) | US$155.19m |
| Revenue (TTM) | US$1.39b |
19.9x
P/E Ratio2.2x
P/S RatioIs AVA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AVA income statement (TTM) | |
|---|---|
| Revenue | US$1.39b |
| Cost of Revenue | US$449.60m |
| Gross Profit | US$937.95m |
| Expenses | US$782.76m |
| Earnings | US$155.19m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.19 |
| Gross Margin | 67.60% |
| Net Profit Margin | 11.18% |
| Debt/Equity Ratio | 115.8% |
How did AVA perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield75%
Payout RatioValuation
Is Avista undervalued compared to its fair value and its price relative to the market?
13.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AVA ($43.57) is trading below our estimate of fair value ($50.49)
Significantly Below Fair Value: AVA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AVA is good value based on its PE Ratio (19.9x) compared to the US Integrated Utilities industry average (22.7x).
PE vs Market: AVA is poor value based on its PE Ratio (19.9x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: AVA is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: AVA is good value based on its PB Ratio (1.5x) compared to the US Integrated Utilities industry average (2.2x).
Future Growth
How is Avista forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVA's forecast earnings growth (10.3% per year) is above the savings rate (2%).
Earnings vs Market: AVA's earnings (10.3% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: AVA's earnings are forecast to grow, but not significantly.
Revenue vs Market: AVA's revenue (2.7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: AVA's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVA's Return on Equity is forecast to be low in 3 years time (8.5%).
Past Performance
How has Avista performed over the past 5 years?
3.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVA has high quality earnings.
Growing Profit Margin: AVA's current net profit margins (11.2%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: AVA's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: AVA's earnings growth over the past year (27.7%) exceeds its 5-year average (3.1% per year).
Earnings vs Industry: AVA earnings growth over the past year (27.7%) exceeded the Integrated Utilities industry 11.5%.
Return on Equity
High ROE: AVA's Return on Equity (7.4%) is considered low.
Financial Health
How is Avista's financial position?
Financial Position Analysis
Short Term Liabilities: AVA's short term assets ($356.3M) do not cover its short term liabilities ($799.2M).
Long Term Liabilities: AVA's short term assets ($356.3M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: AVA's net debt to equity ratio (114.9%) is considered high.
Reducing Debt: AVA's debt to equity ratio has increased from 113.2% to 115.8% over the past 5 years.
Debt Coverage: AVA's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: AVA's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Dividend
What is Avista current dividend yield, its reliability and sustainability?
3.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AVA's dividend (3.88%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: AVA's dividend (3.88%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
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 (74.8%), 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 (73.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Dennis Vermillion (59 yo)
4yrs
Tenure
US$5,004,083
Compensation
Mr. Dennis P. Vermillion has been the President and Director of Avista Corporation since January 1, 2018 and as its Chief Executive Officer since October 1, 2019. Mr. Vermillion is Director of Alaska Elect...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD5.00M) is about average for companies of similar size in the US market ($USD5.14M).
Compensation vs Earnings: Dennis's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: AVA's management team is seasoned and experienced (6.3 years average tenure).
Board Members
Experienced Board: AVA's board of directors are considered experienced (7.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AVA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.
Top Shareholders
Company Information
Avista Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Avista Corporation
- Ticker: AVA
- Exchange: NYSE
- Founded: 1889
- Industry: Multi-Utilities
- Sector: Utilities
- Implied Market Cap: US$3.083b
- Shares outstanding: 70.77m
- Website: https://investor.avistacorp.com
Number of Employees
Location
- Avista Corporation
- 1411 East Mission Avenue
- Spokane
- Washington
- 99202-2600
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:31 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.