Avista Corporation operates as an electric and natural gas utility company. More Details
6 star dividend payer with questionable track record.
Share Price & News
How has Avista's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AVA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AVA's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Integrated Utilities
1 Year Return
US Integrated Utilities
Return vs Industry: AVA exceeded the US Integrated Utilities industry which returned 2.9% over the past year.
Return vs Market: AVA underperformed the US Market which returned 56.3% over the past year.
Long-Term 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 StAre Avista Corporation (NYSE:AVA) Investors Paying Above The Intrinsic Value?
3 weeks ago | Simply Wall StCould The Avista Corporation (NYSE:AVA) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StAvista's(NYSE:AVA) Share Price Is Down 18% Over The Past Year.
Is Avista undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AVA ($47.57) is trading above our estimate of fair value ($36.18)
Significantly Below Fair Value: AVA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AVA is poor value based on its PE Ratio (25x) compared to the US Integrated Utilities industry average (22.6x).
PE vs Market: AVA is poor value based on its PE Ratio (25x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: AVA is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: AVA is good value based on its PB Ratio (1.6x) compared to the US Integrated Utilities industry average (2x).
How is Avista forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVA's forecast earnings growth (8.3% per year) is above the savings rate (2%).
Earnings vs Market: AVA's earnings (8.3% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: AVA's earnings are forecast to grow, but not significantly.
Revenue vs Market: AVA's revenue (3.7% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: AVA's revenue (3.7% 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 (9.3%).
How has Avista performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVA has high quality earnings.
Growing Profit Margin: AVA's current net profit margins (9.8%) are lower than last year (14.6%).
Past Earnings Growth Analysis
Earnings Trend: AVA's earnings have grown by 4% per year over the past 5 years.
Accelerating Growth: AVA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AVA had negative earnings growth (-34%) over the past year, making it difficult to compare to the Integrated Utilities industry average (11.8%).
Return on Equity
High ROE: AVA's Return on Equity (6.4%) is considered low.
How is Avista's financial position?
Financial Position Analysis
Short Term Liabilities: AVA's short term assets ($344.0M) do not cover its short term liabilities ($505.9M).
Long Term Liabilities: AVA's short term assets ($344.0M) do not cover its long term liabilities ($3.9B).
Debt to Equity History and Analysis
Debt Level: AVA's debt to equity ratio (114.3%) is considered high.
Reducing Debt: AVA's debt to equity ratio has increased from 112.1% to 114.3% over the past 5 years.
Debt Coverage: AVA's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: AVA's interest payments on its debt are not well covered by EBIT (2.3x coverage).
What is Avista current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AVA's dividend (3.55%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: AVA's dividend (3.55%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: AVA's dividends per share have been stable in the past 10 years.
Growing Dividend: AVA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (85%), AVA's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AVA's dividends in 3 years are forecast to be covered by earnings (73.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dennis Vermillion (58 yo)
Mr. Dennis P. Vermillion has been the President and Director of Avista Corporation since January 1, 2018 and as its Chief Executive Officer since October 1, 2019. Mr. Vermillion is Director of Alaska Elect...
CEO Compensation Analysis
Compensation vs Market: Dennis's total compensation ($USD5.00M) is about average for companies of similar size in the US market ($USD5.07M).
Compensation vs Earnings: Dennis's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: AVA's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: AVA's board of directors are considered experienced (9.7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.
Avista Corporation's company bio, employee growth, exchange listings and data sources
- Name: Avista Corporation
- Ticker: AVA
- Exchange: NYSE
- Founded: 1889
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$3.297b
- Shares outstanding: 69.31m
- Website: https://investor.avistacorp.com
Number of Employees
- Avista Corporation
- 1411 East Mission Avenue
- United States
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 transmis...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/12 22:02|
|End of Day Share Price||2021/04/12 00:00|
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.