Portland General Electric
Market Cap
US$5.5b
Last Updated
2020/02/17 00:18 UTC
Data Sources
Company Financials +
Executive Summary
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with questionable track record.
Similar Companies
Share Price & News
How has Portland General Electric's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: POR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.2%
POR
2.2%
US Electric Utilities
1.5%
US Market
1 Year Return
26.3%
POR
28.6%
US Electric Utilities
20.1%
US Market
Return vs Industry: POR underperformed the US Electric Utilities industry which returned 28.6% over the past year.
Return vs Market: POR exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| POR | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 2.2% | 1.5% |
| 30 Day | 5.1% | 6.0% | 1.4% |
| 90 Day | 12.0% | 14.5% | 8.7% |
| 1 Year | 29.9%26.3% | 32.8%28.6% | 22.7%20.1% |
| 3 Year | 57.3%43.8% | 57.8%42.6% | 50.1%40.5% |
| 5 Year | 92.4%65.1% | 86.3%55.1% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Portland General Electric's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should Portland General Electric (NYSE:POR) Be Disappointed With Their 63% Profit?3 weeks ago | Simply Wall St
Despite Its High P/E Ratio, Is Portland General Electric Company (NYSE:POR) Still Undervalued?1 month ago | Simply Wall St
Three Things You Should Check Before Buying Portland General Electric Company (NYSE:POR) For Its DividendValuation
Is Portland General Electric undervalued compared to its fair value and its price relative to the market?
27.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: POR ($61.8) is trading above our estimate of fair value ($39.22)
Significantly Below Fair Value: POR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: POR is poor value based on its PE Ratio (27.3x) compared to the Electric Utilities industry average (26.6x).
PE vs Market: POR is poor value based on its PE Ratio (27.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: POR is poor value based on its PEG Ratio (5.4x)
Price to Book Ratio
PB vs Industry: POR is good value based on its PB Ratio (2.2x) compared to the US Electric Utilities industry average (2.4x).
Next Steps
Future Growth
How is Portland General Electric forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
5.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: POR's forecast earnings growth (5.1% per year) is above the savings rate (1.7%).
Earnings vs Market: POR's earnings (5.1% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: POR's earnings are forecast to grow, but not significantly.
Revenue vs Market: POR's revenue (2.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: POR's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: POR's Return on Equity is forecast to be low in 3 years time (8.8%).
Next Steps
Past Performance
How has Portland General Electric performed over the past 5 years?
4.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: POR has high quality earnings.
Growing Profit Margin: POR's current net profit margins (9.6%) are lower than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: POR's earnings have grown by 4.4% per year over the past 5 years.
Accelerating Growth: POR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: POR had negative earnings growth (-1.5%) over the past year, making it difficult to compare to the Electric Utilities industry average (7.3%).
Return on Equity
High ROE: POR's Return on Equity (7.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Portland General Electric's financial position?
Financial Position Analysis
Short Term Liabilities: POR's short term assets ($416.0M) do not cover its short term liabilities ($514.0M).
Long Term Liabilities: POR's short term assets ($416.0M) do not cover its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: POR's debt to equity ratio (92.7%) is considered high.
Reducing Debt: POR's debt to equity ratio has reduced from 123% to 92.7% over the past 5 years.
Debt Coverage: POR's debt is well covered by operating cash flow (25.1%).
Interest Coverage: POR's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Inventory Level: POR has a high level of physical assets or inventory.
Debt Coverage by Assets: POR's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Portland General Electric's current dividend yield, its reliability and sustainability?
2.49%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Portland General Electric before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: POR's dividend (2.49%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: POR's dividend (2.49%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: POR's dividends per share have been stable in the past 10 years.
Growing Dividend: POR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.1%), POR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: POR's dividends in 3 years are forecast to be covered by earnings (63.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Maria Pope (54yo)
2.1yrs
Tenure
US$3,216,062
Compensation
Ms. Maria MacGregor Pope has been the President at Portland General Electric Company since October 2017 and has been its the Chief Executive Officer and a Director since January 1, 2018. Ms. Pope served as ...
CEO Compensation Analysis
Compensation vs Market: Maria's total compensation ($USD3.22M) is below average for companies of similar size in the US market ($USD6.26M).
Compensation vs Earnings: Maria'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 |
|---|---|---|---|---|
| President | 2.1yrs | US$3.22m | 0.040% $2.2m | |
| Senior VP of Finance | 6.9yrs | US$1.36m | 0.060% $3.3m | |
| VP of Information Technology & Chief Information Officer | 2yrs | US$1.34m | 0.0027% $148.1k | |
| VP, General Counsel & Corporate Compliance Officer | 2.6yrs | US$1.03m | 0.0062% $344.7k | |
| Vice President of Operations Services | 1.1yrs | no data | 0.011% $611.0k | |
| Corporate Finance & Investor Relations Manager & Assistant Treasurer | 0yrs | no data | no data | |
| Vice President of Human Resources | 4.1yrs | no data | 0.0061% $339.2k | |
| VP of Customer Solutions & Chief Customer Officer | 0.8yrs | no data | 0.0045% $247.5k | |
| Corporate Secretary | 0yrs | no data | no data | |
| Controller & Assistant Treasurer | 0yrs | no data | no data |
2.1yrs
Average Tenure
55.5yo
Average Age
Experienced Management: POR's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.1yrs | US$3.22m | 0.040% $2.2m | |
| Independent Director | 10.7yrs | US$198.39k | 0.024% $1.3m | |
| Chairman of the Board | 6.3yrs | US$244.14k | 0.018% $1.0m | |
| Independent Director | 16yrs | US$191.51k | 0.028% $1.5m | |
| Independent Director | 6yrs | US$190.89k | 0.015% $841.4k | |
| Independent Director | 14.1yrs | US$187.14k | 0.028% $1.5m | |
| Independent Director | 5.8yrs | US$187.14k | 0.015% $815.4k | |
| Independent Director | 14.1yrs | US$194.64k | 0.028% $1.5m | |
| Independent Director | 13.3yrs | US$202.14k | 0.028% $1.5m | |
| Independent Director | 13yrs | US$187.14k | 0.027% $1.5m |
11.8yrs
Average Tenure
65yo
Average Age
Experienced Board: POR's board of directors are seasoned and experienced ( 11.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: POR insiders have only sold shares 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
Portland General Electric Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Portland General Electric Company
- Ticker: POR
- Exchange: NYSE
- Founded: 1930
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: US$5.524b
- Shares outstanding: 89.39m
- Website: https://www.portlandgeneral.com
Number of Employees
Location
- Portland General Electric Company
- 121 South West Salmon Street
- Portland
- Oregon
- 97204
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| POR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 2006 |
| 49P | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2006 |
Biography
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line. It has 27,627 circuit miles of distribution lines. The company also purchases and sells electricity and natural gas in the wholesale market to utilities and power marketers in the United States and Canada. It serves approximately 885,000 residential, commercial, and industrial customers. The company was founded in 1930 and is headquartered in Portland, Oregon.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:18 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.