Ormat Technologies
Market Cap
US$4.3b
Last Updated
2020/12/02 23:57 UTC
Data Sources
Company Financials +
Executive Summary
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, Honduras, and internationally. More Details
Snowflake Analysis
Overvalued with poor track record.
Similar Companies
Share Price & News
How has Ormat Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ORA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ORA's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
2.2%
ORA
-1.3%
US Renewable Energy
0.7%
US Market
1 Year Return
0.7%
ORA
14.3%
US Renewable Energy
22.2%
US Market
Return vs Industry: ORA underperformed the US Renewable Energy industry which returned 12.5% over the past year.
Return vs Market: ORA underperformed the US Market which returned 22.7% over the past year.
Shareholder returns
| ORA | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | -1.3% | 0.7% |
| 30 Day | 7.2% | 8.1% | 11.8% |
| 90 Day | 31.8% | 18.9% | 8.6% |
| 1 Year | 1.4%0.7% | 17.9%14.3% | 25.0%22.2% |
| 3 Year | 25.6%22.7% | 64.6%50.6% | 49.4%39.5% |
| 5 Year | 129.7%120.2% | 172.7%125.4% | 100.2%78.1% |
Long-Term Price Volatility Vs. Market
How volatile is Ormat Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Did Ormat Technologies, Inc. (NYSE:ORA) Insiders Buy Up More Shares?3 weeks ago | Simply Wall St
Ormat Technologies, Inc. Just Beat EPS By 23%: Here's What Analysts Think Will Happen Next3 weeks ago | Simply Wall St
Returns On Capital At Ormat Technologies (NYSE:ORA) Paint An Interesting PictureValuation
Is Ormat Technologies undervalued compared to its fair value and its price relative to the market?
50.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ORA ($77.24) is trading above our estimate of fair value ($10.06)
Significantly Below Fair Value: ORA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ORA is poor value based on its PE Ratio (51x) compared to the US Renewable Energy industry average (39.7x).
PE vs Market: ORA is poor value based on its PE Ratio (51x) compared to the US market (19.4x).
Price to Earnings Growth Ratio
PEG Ratio: ORA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ORA is good value based on its PB Ratio (2.7x) compared to the US Renewable Energy industry average (3.1x).
Next Steps
Future Growth
How is Ormat Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-3.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORA's earnings are forecast to decline over the next 3 years (-3.5% per year).
Earnings vs Market: ORA's earnings are forecast to decline over the next 3 years (-3.5% per year).
High Growth Earnings: ORA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ORA's revenue (6.3% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: ORA's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ORA's Return on Equity is forecast to be low in 3 years time (10.6%).
Next Steps
Past Performance
How has Ormat Technologies performed over the past 5 years?
-7.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORA has high quality earnings.
Growing Profit Margin: ORA's current net profit margins (10.8%) are lower than last year (12.6%).
Past Earnings Growth Analysis
Earnings Trend: ORA's earnings have declined by 7% per year over the past 5 years.
Accelerating Growth: ORA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ORA had negative earnings growth (-17.4%) over the past year, making it difficult to compare to the Renewable Energy industry average (1.7%).
Return on Equity
High ROE: ORA's Return on Equity (5.8%) is considered low.
Next Steps
Financial Health
How is Ormat Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: ORA's short term assets ($532.6M) exceed its short term liabilities ($236.3M).
Long Term Liabilities: ORA's short term assets ($532.6M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: ORA's debt to equity ratio (92%) is considered high.
Reducing Debt: ORA's debt to equity ratio has increased from 89.8% to 92% over the past 5 years.
Debt Coverage: ORA's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: ORA's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Ormat Technologies's current dividend yield, its reliability and sustainability?
0.57%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ORA's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: ORA's dividend (0.57%) is low compared to the top 25% of dividend payers in the US market (4.14%).
Stability and Growth of Payments
Stable Dividend: ORA is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: ORA is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: ORA is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ORA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Doron Blachar (52 yo)
0.42
Tenure
US$747,023
Compensation
Mr. Doron Blachar has been Chief Executive Officer of Ormat Technologies, Inc. since July 1, 2020 and serves its President since November 6, 2019. Mr. Blachar serves as the Chief Financial Officer at Ormat...
CEO Compensation Analysis
Compensation vs Market: Doron's total compensation ($USD747.02K) is below average for companies of similar size in the US market ($USD5.21M).
Compensation vs Earnings: Doron's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.42yr | US$1.66m | 0.052% $ 2.2m | |
| President & CEO | 0.42yr | US$747.02k | 0.013% $ 566.8k | |
| Executive Vice President of Operations & Products | 2.92yrs | US$595.30k | 0.0045% $ 195.0k | |
| General Counsel & Chief Compliance Officer | 2.83yrs | US$498.95k | no data | |
| Executive Vice President of Electricity Segment | 13.25yrs | US$546.33k | 0.0045% $ 195.0k | |
| Chief Financial Officer | 0.58yr | no data | 0.036% $ 1.6m | |
| VP Corporate Finance & Head of Investor Relations | no data | no data | no data | |
| Executive Vice President of Business Development | 0.75yr | no data | 0.00093% $ 40.1k | |
| Senior Vice President of Human Resources | 6.08yrs | no data | no data | |
| Executive Vice President of Business Development | 0.58yr | US$976.68k | no data | |
| Senior Vice President of Contract Management & Corporate Secretary | 16.17yrs | no data | no data | |
| Manager of Logistics & Production of Ormat Systems | 16.42yrs | no data | no data |
2.8yrs
Average Tenure
56yo
Average Age
Experienced Management: ORA's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.42yr | US$1.66m | 0.052% $ 2.2m | |
| Independent Director | 5.08yrs | US$210.00k | 0.0083% $ 359.7k | |
| Independent Director | 16.08yrs | US$230.00k | 0.0053% $ 228.2k | |
| Chairman of Ormat Industries | no data | no data | no data | |
| Independent Director | 5.08yrs | US$223.50k | 0.0053% $ 228.2k | |
| Independent Director | 2.58yrs | US$201.50k | 0.0047% $ 203.2k | |
| Independent Director | 8.58yrs | US$225.00k | 0.0039% $ 169.1k | |
| Independent Director | 0.50yr | no data | no data | |
| Independent Director | 3.42yrs | US$24.00k | 0% $ 0 | |
| Independent Director | 3.42yrs | US$207.00k | 0.0029% $ 126.8k | |
| Independent Director | 0.50yr | no data | no data |
3.4yrs
Average Tenure
60yo
Average Age
Experienced Board: ORA's board of directors are considered experienced (3.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ORA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.5%.
Top Shareholders
Company Information
Ormat Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ormat Technologies, Inc.
- Ticker: ORA
- Exchange: NYSE
- Founded: 1965
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: US$4.313b
- Shares outstanding: 55.84m
- Website: https://www.ormat.com
Number of Employees
Location
- Ormat Technologies, Inc.
- 6140 Plumas Street
- Reno
- Nevada
- 89519-6075
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ORA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2004 |
| HNM | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2004 |
| ORA | TASE (The Tel-Aviv Stock Exchange) | Yes | Common Stock | IL | ILS | Nov 2004 |
| 0KDH | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Nov 2004 |
Biography
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, Honduras, and internationally. The comp...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/02 23:57 |
| End of Day Share Price | 2020/12/02 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.