NYSE:IDA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Established dividend payer with proven track record.


Similar Companies

Share Price & News

How has IDACORP's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IDA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.6%

IDA

0.7%

US Electric Utilities

2.5%

US Market


1 Year Return

-11.2%

IDA

-2.3%

US Electric Utilities

16.3%

US Market

Return vs Industry: IDA underperformed the US Electric Utilities industry which returned -2.3% over the past year.

Return vs Market: IDA underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

IDAIndustryMarket
7 Day-0.6%0.7%2.5%
30 Day2.9%6.6%5.6%
90 Day2.6%7.6%16.4%
1 Year-8.7%-11.2%0.7%-2.3%18.8%16.3%
3 Year15.5%6.8%5.9%-2.6%45.1%35.7%
5 Year66.4%45.5%37.5%17.6%75.8%56.8%

Price Volatility Vs. Market

How volatile is IDACORP's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

19.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IDA ($92.68) is trading above our estimate of fair value ($59.39)

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


Price To Earnings Ratio

PE vs Industry: IDA is poor value based on its PE Ratio (19.9x) compared to the US Electric Utilities industry average (19.6x).

PE vs Market: IDA is poor value based on its PE Ratio (19.9x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: IDA is poor value based on its PEG Ratio (5x)


Price to Book Ratio

PB vs Industry: IDA is good value based on its PB Ratio (1.9x) compared to the US Electric Utilities industry average (2x).


Next Steps

Future Growth

How is IDACORP forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IDA's forecast earnings growth (4% per year) is above the savings rate (2.2%).

Earnings vs Market: IDA's earnings (4% per year) are forecast to grow slower than the US market (23.1% per year).

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

Revenue vs Market: IDA's revenue (0.3% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: IDA's revenue (0.3% 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%).


Next Steps

Past Performance

How has IDACORP performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IDA has high quality earnings.

Growing Profit Margin: IDA's current net profit margins (18.2%) are higher than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: IDA's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: IDA's earnings growth over the past year (4.8%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: IDA earnings growth over the past year (4.8%) underperformed the Electric Utilities industry 7.9%.


Return on Equity

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


Next Steps

Financial Health

How is IDACORP's financial position?


Financial Position Analysis

Short Term Liabilities: IDA's short term assets ($828.0M) exceed its short term liabilities ($447.2M).

Long Term Liabilities: IDA's short term assets ($828.0M) do not cover its long term liabilities ($4.1B).


Debt to Equity History and Analysis

Debt Level: IDA's debt to equity ratio (86.9%) is considered high.

Reducing Debt: IDA's debt to equity ratio has reduced from 88.3% to 86.9% over the past 5 years.

Debt Coverage: IDA's debt is not well covered by operating cash flow (15.1%).

Interest Coverage: IDA's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


Next Steps

Dividend

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

2.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IDA's dividend (2.89%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: IDA's dividend (2.89%) is low compared to the top 25% of dividend payers in the US market (4.36%).


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 (56.8%), 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 (61.4% payout ratio).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Lisa Grow (55 yo)

0.17

Tenure

US$3,664,381

Compensation

Ms. Lisa A. Grow serves as President at Idaho Power Company since October 01, 2019 and its Chief Executive Officer since June 1, 2020. Ms. Grow is the Chie Executive Officer and President of IDACORP, Inc. ...


CEO Compensation Analysis

Compensation vs Market: Lisa's total compensation ($USD3.66M) is below average for companies of similar size in the US market ($USD5.76M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Lisa Grow
CEO & President0.17yrUS$3.66m0.035%
$ 1.7m
Steven Keen
Senior VP & CFO6.25yrsUS$3.35m0.046%
$ 2.1m
Brian Buckham
Senior VP & General Counsel4.33yrsUS$1.55m0.0097%
$ 454.1k
Jeffrey Malmen
Senior Vice President of Public Affairs4.33yrsUS$1.82m0.026%
$ 1.2m
Kenneth Petersen
VP, Chief Accounting Officer & Treasurer10.25yrsno data0.027%
$ 1.3m
Justin Forsberg
Director of Investor Relations & Treasuryno datano datano data
Patrick Harrington
Corporate Secretary13.42yrsno datano data
Mitch Colburn
Resource Planning and Operations Director of Idaho Powerno datano datano data

5.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: IDA's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lisa Grow
CEO & President0.17yrUS$3.66m0.035%
$ 1.7m
Richard Navarro
Independent Director5.5yrsUS$202.24k0.016%
$ 743.6k
Richard Dahl
Independent Chairman of the Board1.25yrsUS$269.36k0.027%
$ 1.3m
Darrel Anderson
Director6.92yrsUS$8.27m0.22%
$ 10.3m
Thomas Carlile
Independent Director6.42yrsUS$185.91k0.012%
$ 574.8k
Judith Johansen
Independent Director13.33yrsUS$191.91kno data
Christine King
Independent Director13.75yrsUS$198.91k0.018%
$ 826.4k
Ronald Jibson
Independent Director6.92yrsUS$185.91k0.019%
$ 882.0k
Dennis Johnson
Independent Director7.42yrsUS$195.91k0.0072%
$ 338.1k
Annette Elg
Independent Director3.5yrsUS$191.91k0.0071%
$ 332.5k

6.7yrs

Average Tenure

66yo

Average Age

Experienced Board: IDA's board of directors are considered experienced (6.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: IDA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: IDACORP, Inc.
  • Ticker: IDA
  • Exchange: NYSE
  • Founded: 1915
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: US$4.677b
  • Shares outstanding: 50.46m
  • Website: https://www.idacorpinc.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IDANYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1996
IDJDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1996

Biography

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 Ida ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 00:01
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.