NYSE:ORA

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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

Good value with imperfect balance sheet.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

ORA

-0.5%

US Renewable Energy

-1.1%

US Market


1 Year Return

-8.8%

ORA

8.0%

US Renewable Energy

15.0%

US Market

Return vs Industry: ORA underperformed the US Renewable Energy industry which returned 11.3% over the past year.

Return vs Market: ORA underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

ORAIndustryMarket
7 Day0.3%-0.5%-1.1%
30 Day20.9%9.7%2.9%
90 Day19.7%13.6%5.7%
1 Year-8.2%-8.8%11.3%8.0%17.6%15.0%
3 Year12.4%9.8%47.7%35.9%38.9%29.7%
5 Year92.5%84.5%118.3%80.6%78.4%58.4%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ORA ($70.54) is trading below our estimate of fair value ($144.74)

Significantly Below Fair Value: ORA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ORA is good value based on its PE Ratio (46.6x) compared to the US Renewable Energy industry average (46.9x).

PE vs Market: ORA is poor value based on its PE Ratio (46.6x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: ORA is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: ORA is good value based on its PB Ratio (2.5x) compared to the US Renewable Energy industry average (2.8x).


Next Steps

Future Growth

How is Ormat Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORA's forecast earnings growth (10.9% per year) is above the savings rate (2.2%).

Earnings vs Market: ORA's earnings (10.9% per year) are forecast to grow slower than the US market (22.2% per year).

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

Revenue vs Market: ORA's revenue (6.3% per year) is forecast to grow slower than the US market (10% 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 (11.5%).


Next Steps

Past Performance

How has Ormat Technologies performed over the past 5 years?

-2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORA has high quality earnings.

Growing Profit Margin: ORA's current net profit margins (10.6%) are lower than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: ORA's earnings have declined by 2.7% 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 (-12.9%) over the past year, making it difficult to compare to the Renewable Energy industry average (-21.3%).


Return on Equity

High ROE: ORA's Return on Equity (5.4%) 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 ($517.1M) exceed its short term liabilities ($404.6M).

Long Term Liabilities: ORA's short term assets ($517.1M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: ORA's debt to equity ratio (86.2%) is considered high.

Reducing Debt: ORA's debt to equity ratio has reduced from 92.6% to 86.2% over the past 5 years.

Debt Coverage: ORA's debt is not well covered by operating cash flow (17.4%).

Interest Coverage: ORA's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

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

0.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ORA's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: ORA's dividend (0.62%) is low compared to the top 25% of dividend payers in the US market (4.63%).


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?

2.7yrs

Average management tenure


CEO

Doron Blachar (52 yo)

0.25

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 ($USD747.02K) is below average for companies of similar size in the US market ($USD5.63M).

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

NamePositionTenureCompensationOwnership
Isaac Angel
Executive Chairman0.25yrUS$1.66m0.034%
$ 1.2m
Doron Blachar
President & CEO0.25yrUS$747.02k0.0095%
$ 341.1k
Shlomi Argas
Executive Vice President of Operations & Products2.75yrsUS$595.30k0.0042%
$ 152.4k
Hezi Kattan
General Counsel & Chief Compliance Officer2.67yrsUS$498.95kno data
Zvi Krieger
Executive Vice President of Electricity Segment13.08yrsUS$546.33k0.010%
$ 363.8k
Assaf Ginzburg
Chief Financial Officer0.42yrno data0.039%
$ 1.4m
Smadar Lavi
VP Corporate Finance & Head of Investor Relationsno datano datano data
Ofer Benyosef
Executive Vice President of Business Development0.58yrno data0.0010%
$ 36.0k
Liat Inbar-Arad
Senior Vice President of Human Resources5.92yrsno datano data
Bob Sullivan
Executive Vice President of Business Development0.42yrUS$976.68k0%
$ 0
Etty Rosner
Senior Vice President of Contract Management & Corporate Secretary16yrsno datano data
Uzi Albert
Manager of Logistics & Production of Ormat Systems16.25yrsno datano data

2.7yrs

Average Tenure

56yo

Average Age

Experienced Management: ORA's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Isaac Angel
Executive Chairman0.25yrUS$1.66m0.034%
$ 1.2m
Stanley Stern
Independent Director4.92yrsUS$210.00k0.0066%
$ 236.3k
Dan Falk
Independent Director15.92yrsUS$230.00k0.0033%
$ 117.4k
Ishay Davidi
Chairman of Ormat Industriesno datano datano data
Ravit Barniv
Independent Director4.92yrsUS$223.50k0.0033%
$ 117.4k
Dafna Sharir
Independent Director2.42yrsUS$201.50k0.0026%
$ 94.7k
David Granot
Independent Director8.42yrsUS$225.00k0.0018%
$ 64.1k
Hidetake Takahashi
Independent Director0.33yrno datano data
Stan H. Koyanagi
Independent Director3.25yrsUS$24.00k0%
$ 0
Byron Wong
Independent Director3.25yrsUS$207.00k0.00071%
$ 25.6k
Albertus Bruggink
Independent Director0.33yrno datano data

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: ORA's board of directors are considered experienced (3.3 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 not been meaningfully diluted in the past year.


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$3.602b
  • Shares outstanding: 51.07m
  • Website: https://www.ormat.com

Number of Employees


Location

  • Ormat Technologies, Inc.
  • 6140 Plumas Street
  • Reno
  • Nevada
  • 89519-6075
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORANYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2004
HNMDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2004
ORATASE (The Tel-Aviv Stock Exchange)YesCommon StockILILSNov 2004
0KDHLSE (London Stock Exchange)YesCommon StockGBUSDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 00:57
End of Day Share Price2020/10/27 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.