IDACORP, Inc. engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. More Details
Established dividend payer with proven track record.
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 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.
7 Day Return
US Electric Utilities
1 Year Return
US Electric Utilities
Return vs Industry: IDA underperformed the US Electric Utilities industry which returned 17.3% over the past year.
Return vs Market: IDA underperformed the US Market which returned 50.2% over the past year.
Long-Term 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
1 week ago | Simply Wall StDo These 3 Checks Before Buying IDACORP, Inc. (NYSE:IDA) For Its Upcoming Dividend
4 weeks ago | Simply Wall StIDACORP (NYSE:IDA) Has A Somewhat Strained Balance Sheet
1 month ago | Simply Wall StIDACORP (NYSE:IDA) Has Some Way To Go To Become A Multi-Bagger
Is IDACORP 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: IDA ($103.26) is trading above our estimate of fair value ($61.88)
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 (21.3x) compared to the US Electric Utilities industry average (23.3x).
PE vs Market: IDA is poor value based on its PE Ratio (21.3x) compared to the US market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: IDA is poor value based on its PEG Ratio (7.7x)
Price to Book Ratio
PB vs Industry: IDA's PB Ratio (2x) is in line with the US Electric Utilities industry average.
How is IDACORP forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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 (15.1% per year).
High Growth Earnings: IDA's earnings are forecast to grow, but not significantly.
Revenue vs Market: IDA's revenue is expected to decline over the next 3 years (-0.4% per year).
High Growth Revenue: IDA's revenue is forecast to decline over the next 3 years (-0.4% 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%).
How has IDACORP performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IDA has high quality earnings.
Growing Profit Margin: IDA's current net profit margins (17.8%) are higher than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: IDA's earnings have grown by 4.7% per year over the past 5 years.
Accelerating Growth: IDA's earnings growth over the past year (7.5%) exceeds its 5-year average (4.7% per year).
Earnings vs Industry: IDA earnings growth over the past year (7.5%) underperformed the Electric Utilities industry 8.8%.
Return on Equity
High ROE: IDA's Return on Equity (9.5%) is considered low.
How is IDACORP's financial position?
Financial Position Analysis
Short Term Liabilities: IDA's short term assets ($593.9M) exceed its short term liabilities ($261.9M).
Long Term Liabilities: IDA's short term assets ($593.9M) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: IDA's debt to equity ratio (77.7%) is considered high.
Reducing Debt: IDA's debt to equity ratio has reduced from 90.6% to 77.7% over the past 5 years.
Debt Coverage: IDA's debt is well covered by operating cash flow (21.9%).
Interest Coverage: IDA's interest payments on its debt are well covered by EBIT (3.2x coverage).
What is IDACORP current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IDA's dividend (2.75%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: IDA's dividend (2.75%) is low compared to the top 25% of dividend payers in the US market (3.41%).
Stability and Growth of Payments
Stable Dividend: IDA's dividends per share have been stable in the past 10 years.
Growing Dividend: IDA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57%), IDA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IDA's dividends in 3 years are forecast to be covered by earnings (60% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lisa Grow (55 yo)
Ms. Lisa A. Grow has been the Chief Executive Officer and President of IDACORP, Inc. since June 1, 2020 and serves as its Director since February 13, 2020. She served as President at Idaho Power Company si...
CEO Compensation Analysis
Compensation vs Market: Lisa's total compensation ($USD5.90M) is about average for companies of similar size in the US market ($USD6.51M).
Compensation vs Earnings: Lisa's compensation has increased by more than 20% in the past year.
Experienced Management: IDA's management team is seasoned and experienced (5.1 years average tenure).
Experienced Board: IDA's board of directors are considered experienced (6.7 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IDACORP, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: IDACORP, Inc.
- Ticker: IDA
- Exchange: NYSE
- Founded: 1915
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: US$5.189b
- Shares outstanding: 50.52m
- Website: https://www.idacorpinc.com
Number of Employees
- IDACORP, Inc.
- 1221 West Idaho Street
- United States
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/08 07:03|
|End of Day Share Price||2021/05/07 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.