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IDA

IDACORPNYSE:IDA Stock Report

Last Price

US$109.37

Market Cap

US$5.6b

7D

-0.9%

1Y

23.7%

Updated

21 Jan, 2022

Data

Company Financials +
IDA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends5/6

IDA Stock Overview

IDACORP, Inc. engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States.

IDACORP Competitors

NextEra Energy

NYSE:NEE

US$163.9b

Duke Energy

NYSE:DUK

US$78.7b

Southern

NYSE:SO

US$71.9b

Exelon

NasdaqGS:EXC

US$55.7b

Price History & Performance

Summary of all time highs, changes and price drops for IDACORP
Historical stock prices
Current Share PriceUS$109.37
52 Week HighUS$114.19
52 Week LowUS$85.30
Beta0.52
1 Month Change-0.37%
3 Month Change4.21%
1 Year Change23.71%
3 Year Change15.63%
5 Year Change38.06%
Change since IPO255.68%

Recent News & Updates

Jan 13
Returns On Capital At IDACORP (NYSE:IDA) Have Stalled

Returns On Capital At IDACORP (NYSE:IDA) Have Stalled

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...

Dec 14
Here's Why IDACORP (NYSE:IDA) Has A Meaningful Debt Burden

Here's Why IDACORP (NYSE:IDA) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

IDAUS Electric UtilitiesUS Market
7D-0.9%-1.3%-4.0%
1Y23.7%9.2%6.6%

Return vs Industry: IDA exceeded the US Electric Utilities industry which returned 8.5% over the past year.

Return vs Market: IDA exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is IDA's price volatile compared to industry and market?
IDA volatility
IDA Average Weekly Movement2.6%
Electric Utilities Industry Average Movement2.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: IDA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: IDA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19151,947Lisa Growhttps://www.idacorpinc.com

IDACORP, Inc. engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; three natural gas-fired plants in southern Idaho; and interests in two coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon. As of December 31, 2020, it had approximately 4,833 pole-miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 9 switching stations; 31 mixed-use transmission and distribution substations; 186 energized distribution substations; and 28,201 pole-miles of distribution lines, as well as provides electric utility services to approximately 587,000 retail customers in southern Idaho and eastern Oregon.

IDACORP Fundamentals Summary

How do IDACORP's earnings and revenue compare to its market cap?
IDA fundamental statistics
Market CapUS$5.55b
Earnings (TTM)US$250.26m
Revenue (TTM)US$1.44b

22.1x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IDA income statement (TTM)
RevenueUS$1.44b
Cost of RevenueUS$894.78m
Gross ProfitUS$543.99m
ExpensesUS$293.73m
EarningsUS$250.26m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.95
Gross Margin37.81%
Net Profit Margin17.39%
Debt/Equity Ratio74.7%

How did IDA perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

57%

Payout Ratio

Valuation

Is IDACORP undervalued compared to its fair value and its price relative to the market?

22.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IDA ($109.88) is trading above our estimate of fair value ($90.73)

Significantly Below Fair Value: IDA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IDA is good value based on its PE Ratio (22.2x) compared to the US Electric Utilities industry average (22.6x).

PE vs Market: IDA is poor value based on its PE Ratio (22.2x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: IDA is poor value based on its PEG Ratio (7.8x)


Price to Book Ratio

PB vs Industry: IDA is overvalued based on its PB Ratio (2.1x) compared to the US Electric Utilities industry average (1.9x).


Future Growth

How is IDACORP forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

2.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IDA's forecast earnings growth (2.8% per year) is above the savings rate (2%).

Earnings vs Market: IDA's earnings (2.8% per year) are forecast to grow slower than the US market (13.1% per year).

High Growth Earnings: IDA's earnings are forecast to grow, but not significantly.

Revenue vs Market: IDA's revenue (1.4% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: IDA's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IDA's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

How has IDACORP performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IDA has high quality earnings.

Growing Profit Margin: IDA's current net profit margins (17.4%) are lower than last year (18.6%).


Past Earnings Growth Analysis

Earnings Trend: IDA's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: IDA's earnings growth over the past year (1.3%) is below its 5-year average (4.6% per year).

Earnings vs Industry: IDA earnings growth over the past year (1.3%) underperformed the Electric Utilities industry 3.7%.


Return on Equity

High ROE: IDA's Return on Equity (9.4%) is considered low.


Financial Health

How is IDACORP's financial position?


Financial Position Analysis

Short Term Liabilities: IDA's short term assets ($678.2M) exceed its short term liabilities ($342.8M).

Long Term Liabilities: IDA's short term assets ($678.2M) do not cover its long term liabilities ($4.2B).


Debt to Equity History and Analysis

Debt Level: IDA's net debt to equity ratio (63.5%) is considered high.

Reducing Debt: IDA's debt to equity ratio has reduced from 81.4% to 74.7% over the past 5 years.

Debt Coverage: IDA's debt is well covered by operating cash flow (20.4%).

Interest Coverage: IDA's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Dividend

What is IDACORP current dividend yield, its reliability and sustainability?

2.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IDA's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: IDA's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: IDA's dividends per share have been stable in the past 10 years.

Growing Dividend: IDA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.4%), IDA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IDA's dividends in 3 years are forecast to be covered by earnings (63.3% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Utilities industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Lisa Grow (56 yo)

1.58yrs

Tenure

US$5,903,347

Compensation

Ms. Lisa A. Grow has been the Chief Executive Officer and President of IDACORP, Inc. since June 1, 2020 and serves as its Director since February 13, 2020. She served as President at Idaho Power Company si...


CEO Compensation Analysis

Compensation vs Market: Lisa's total compensation ($USD5.90M) is about average for companies of similar size in the US market ($USD6.42M).

Compensation vs Earnings: Lisa's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: IDA's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: IDA's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IDACORP, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: IDACORP, Inc.
  • Ticker: IDA
  • Exchange: NYSE
  • Founded: 1915
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: US$5.551b
  • Shares outstanding: 50.52m
  • Website: https://www.idacorpinc.com

Number of Employees


Location

  • IDACORP, Inc.
  • 1221 West Idaho Street
  • Boise
  • Idaho
  • 83702-5627
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:13
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.