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Market Cap

US$5.1b

Last Updated

2021/04/15 22:25 UTC

Data Sources

Company Financials +

Executive Summary

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


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 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.


Market Performance


7 Day Return

0.9%

IDA

2.5%

US Electric Utilities

1.6%

US Market


1 Year Return

6.8%

IDA

14.3%

US Electric Utilities

57.5%

US Market

Return vs Industry: IDA underperformed the US Electric Utilities industry which returned 14.3% over the past year.

Return vs Market: IDA underperformed the US Market which returned 57.5% over the past year.


Shareholder returns

IDAIndustryMarket
7 Day0.9%2.5%1.6%
30 Day-2.1%5.3%3.4%
90 Day11.2%4.6%8.6%
1 Year10.1%6.8%18.3%14.3%60.3%57.5%
3 Year22.0%12.5%36.1%23.9%62.6%51.9%
5 Year61.7%41.3%56.1%32.6%119.9%95.3%

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

Valuation

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

21.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IDA ($100.49) is trading above our estimate of fair value ($71.75)

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 (21.4x) compared to the US Electric Utilities industry average (22.6x).

PE vs Market: IDA is good value based on its PE Ratio (21.4x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: IDA is poor value based on its PEG Ratio (6.8x)


Price to Book Ratio

PB vs Industry: IDA's PB Ratio (2x) is in line with the US Electric Utilities industry average.


Future Growth

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

3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IDA's forecast earnings growth (3.1% per year) is above the savings rate (2%).

Earnings vs Market: IDA's earnings (3.1% per year) are forecast to grow slower than the US market (18.4% 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 (-0.8% per year).

High Growth Revenue: IDA's revenue is forecast to decline over the next 3 years (-0.8% 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 (8.9%).


Past Performance

How has IDACORP performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IDA has high quality earnings.

Growing Profit Margin: IDA's current net profit margins (17.6%) are higher than last year (17.3%).


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 (2%) is below its 5-year average (4.7% per year).

Earnings vs Industry: IDA earnings growth over the past year (2%) exceeded the Electric Utilities industry -2.1%.


Return on Equity

High ROE: IDA's Return on Equity (9.3%) is considered low.


Financial Health

How is IDACORP's financial position?


Financial Position Analysis

Short Term Liabilities: IDA's short term assets ($642.4M) exceed its short term liabilities ($287.6M).

Long Term Liabilities: IDA's short term assets ($642.4M) do not cover its long term liabilities ($4.2B).


Debt to Equity History and Analysis

Debt Level: IDA's debt to equity ratio (77.9%) is considered high.

Reducing Debt: IDA's debt to equity ratio has reduced from 84.8% to 77.9% over the past 5 years.

Debt Coverage: IDA's debt is not well covered by operating cash flow (19.4%).

Interest Coverage: IDA's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

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

2.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IDA's dividend (2.83%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: IDA's dividend (2.83%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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 (57.9%), 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 (62.6% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Lisa Grow (55 yo)

0.83

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. She serves as Director of Salt Lake City branch at Federal Reserve Ban...


CEO Compensation Analysis

Compensation vs Market: Lisa's total compensation ($USD3.66M) is below average for companies of similar size in the US market ($USD6.51M).

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


Leadership Team

Experienced Management: IDA's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: IDA's board of directors are considered experienced (6.6 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.


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$5.079b
  • 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


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 Analysis2021/04/15 22:25
End of Day Share Price2021/04/15 00:00
Earnings2020/12/31
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.