NYSE:IDA

Stock Analysis Report

Executive Summary

IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States.

Snowflake

Fundamentals

Established dividend payer with mediocre balance sheet.

Risks

  • IDACORP is covered by less than 3 analysts.

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


Market Performance


7 Day Return

3.6%

NYSE:IDA

-0.3%

US Electric Utilities

-1.0%

US Market


1 Year Return

9.2%

NYSE:IDA

11.9%

US Electric Utilities

-0.4%

US Market

IDA underperformed the Electric Utilities industry which returned 11.9% over the past year.

IDA outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

IDAIndustryMarket
7 Day3.6%-0.3%-1.0%
30 Day3.3%-0.1%-3.3%
90 Day4.9%4.8%0.8%
1 Year12.1%9.2%15.7%11.9%1.9%-0.4%
3 Year52.2%40.7%34.2%20.7%39.4%30.4%
5 Year122.7%94.2%74.6%44.7%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

24.32x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

IDACORP's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

IDACORP's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

IDACORP is overvalued based on earnings compared to the US Electric Utilities industry average.

IDACORP is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

IDACORP is poor value based on expected growth next year.


Price Based on Value of Assets

IDACORP is overvalued based on assets compared to the US Electric Utilities industry average.


Next Steps

Future Growth

How is IDACORP expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

IDACORP's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

IDACORP's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).

IDACORP's revenue growth is positive but not above the United States of America market average.

IDACORP's earnings growth is positive but not above the United States of America market average.

IDACORP's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if IDACORP will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has IDACORP performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

IDACORP's year on year earnings growth rate has been positive over the past 5 years.

IDACORP's 1-year earnings growth is negative, it can't be compared to the 5-year average.

IDACORP's 1-year earnings growth is negative, it can't be compared to the US Electric Utilities industry average.


Return on Equity

IDACORP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

IDACORP used its assets more efficiently than the US Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

IDACORP's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is IDACORP's financial position?


Financial Position Analysis

IDACORP is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

IDACORP's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

IDACORP's level of debt (76.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (87.6% vs 76.2% today).

Debt is well covered by operating cash flow (25.1%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

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

2.45%

Expected Dividend Yield


Dividend Yield and Payments Analysis

IDACORP's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

IDACORP's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

What is the CEO of IDACORP's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Darrel Anderson (61yo)

5.3yrs

Tenure

US$5,376,529

Compensation

Mr. Darrel Thomas Anderson has been the Chief Executive Officer and President of IdaCorp, Inc. since May 1, 2014. Mr. Anderson had been the President of Idaho Power Company since January 1, 2012 until 2013 ...


CEO Compensation Analysis

Darrel's remuneration is about average for companies of similar size in United States of America.

Darrel's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.3yrs

Average Tenure

55yo

Average Age

The average tenure for the IDACORP management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.9yrs

Average Tenure

66yo

Average Age

The tenure for the IDACORP board of directors is about average.


Insider Trading

IDACORP individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$28,92224 May 19
Tessia Park
EntityIndividual
Shares280
Max PriceUS$103.29
SellUS$116,72814 Mar 19
Tessia Park
EntityIndividual
Shares1,150
Max PriceUS$101.50
SellUS$431,62711 Mar 19
Steven Keen
EntityIndividual
Role
Senior VP
Shares4,346
Max PriceUS$99.32
SellUS$9,94119 Nov 18
Tessia Park
EntityIndividual
Shares100
Max PriceUS$99.41

Ownership Breakdown


Management Team

  • Pat Harrington (58yo)

    Corporate Secretary

    • Tenure: 12.4yrs
  • Brian Buckham (40yo)

    Senior VP & General Counsel

    • Tenure: 3.3yrs
    • Compensation: $1.13m
  • Steve Keen (58yo)

    Senior VP

    • Tenure: 5.3yrs
    • Compensation: $1.84m
  • Darrel Anderson (61yo)

    President

    • Tenure: 5.3yrs
    • Compensation: $5.38m
  • Lisa Grow (54yo)

    Senior VP & COO of Idaho Power Company

    • Tenure: 14.1yrs
    • Compensation: $1.75m
  • Jeff Glenn (51yo)

    VP of Corporate Services & Chief Information Officer - Idaho Power Company

    • Tenure: 3.3yrs
  • Jeff Malmen (51yo)

    Senior Vice President of Public Affairs

    • Tenure: 3.3yrs
    • Compensation: $829.76k
  • Ken Petersen (55yo)

    VP, Controller & Chief Accounting Officer

    • Tenure: 9.3yrs
  • Justin Forsberg

    Director of Investor Relations

  • Newell Porter (59yo)

    Chief Safety Officer & VP of Transmission

    • Tenure: 9.8yrs

Board Members

  • Rick Navarro (67yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: $191.96k
  • Richard Dahl (67yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: $209.46k
  • Darrel Anderson (61yo)

    President

    • Tenure: 5.9yrs
    • Compensation: $5.38m
  • Dennis Johnson (64yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: $187.96k
  • Judi Johansen (60yo)

    Director

    • Tenure: 12.3yrs
    • Compensation: $191.96k
  • Annette Elg (62yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: $191.96k
  • Thomas Carlile (68yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: $189.96k
  • Chris King (69yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: $198.96k
  • Ron Jibson (66yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: $185.96k

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$5.444b
  • Shares outstanding: 50.40m
  • Website: Click here

Number of Employees


Location

  • IDACORP, Inc.
  • 1221 West Idaho Street
  • Boise
  • Idaho
  • 83702
  • 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., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydroe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:38
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.