NYSE:POR

Stock Analysis Report

Portland General Electric

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.

Snowflake

Fundamentals

Established dividend payer and fair value.


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


Market Performance


7 Day Return

-1.6%

NYSE:POR

0.09%

US Electric Utilities

1.3%

US Market


1 Year Return

18.1%

NYSE:POR

15.5%

US Electric Utilities

2.0%

US Market

POR outperformed the Electric Utilities industry which returned 15.5% over the past year.

POR outperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

PORIndustryMarket
7 Day-1.6%0.09%1.3%
30 Day-1.7%2.2%3.9%
90 Day-0.07%4.0%3.4%
1 Year21.7%18.1%19.4%15.5%4.2%2.0%
3 Year40.9%28.6%39.0%25.0%47.2%37.6%
5 Year95.4%67.3%77.4%47.1%60.5%42.9%

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

Valuation

Is Portland General Electric undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Portland General Electric's share price is below the future cash flow value, and at a moderate discount (> 20%).

Portland General Electric's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Portland General Electric is overvalued based on earnings compared to the US Electric Utilities industry average.

Portland General Electric is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Portland General Electric is poor value based on expected growth next year.


Price Based on Value of Assets

Portland General Electric is good value based on assets compared to the US Electric Utilities industry average.


Next Steps

Future Growth

How is Portland General Electric expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Portland General Electric's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).

Portland General Electric's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).

Portland General Electric's revenue growth is positive but not above the United States of America market average.

Portland General Electric's earnings growth is positive but not above the United States of America market average.

Portland General Electric's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Portland General Electric is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Portland General Electric performed over the past 5 years?

4.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Portland General Electric's year on year earnings growth rate has been positive over the past 5 years.

Portland General Electric's 1-year earnings growth is less than its 5-year average (4.2% vs 4.5%)

Portland General Electric's earnings growth has not exceeded the US Electric Utilities industry average in the past year (4.2% vs 4.2%).


Return on Equity

Portland General Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Portland General Electric used its assets less efficiently than the US Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Portland General Electric's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Portland General Electric's financial position?


Financial Position Analysis

Portland General Electric's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Portland General Electric's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Portland General Electric's level of debt (94.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (114.5% vs 94.2% today).

Debt is well covered by operating cash flow (25.3%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

2.92%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Portland General Electric before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Portland General Electric's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Portland General Electric's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.6x coverage).


Next Steps

Management

What is the CEO of Portland General Electric's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Maria Pope (54yo)

1.7yrs

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

Maria's remuneration is lower than average for companies of similar size in United States of America.

Maria's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

1.7yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Portland General Electric management team is less than 2 years, this suggests a new team.


Board Age and Tenure

11.4yrs

Average Tenure

65yo

Average Age

The average tenure for the Portland General Electric board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

Portland General Electric individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$44,41803 Sep 19
John Kochavatr
EntityIndividual
Role
Chief Information Officer
VP of Information Technology & Chief Information Officer
Shares769
Max PriceUS$57.76
SellUS$231,48103 Sep 19
Kristin Stathis
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations Services
Shares4,000
Max PriceUS$57.87
SellUS$23,04515 May 19
Bradley Jenkins
EntityIndividual
Shares432
Max PriceUS$53.35
SellUS$134,18823 Feb 19
Larry Bekkedahl
EntityIndividual
Shares2,700
Max PriceUS$49.70

Ownership Breakdown


Management Team

  • Maria Pope (54yo)

    President

    • Tenure: 1.7yrs
    • Compensation: US$3.22m
  • Jim Lobdell (60yo)

    Senior VP of Finance

    • Tenure: 6.5yrs
    • Compensation: US$1.36m
  • Nora Arkonovich

    Corporate Secretary

    • Tenure: 0yrs
  • Kristin Stathis (55yo)

    Vice President of Operations Services

    • Tenure: 0.7yrs
  • John Kochavatr (45yo)

    VP of Information Technology & Chief Information Officer

    • Tenure: 1.6yrs
    • Compensation: US$1.34m
  • Anne Mersereau (56yo)

    Vice President of Human Resources

    • Tenure: 3.7yrs
  • Lisa Kaner (58yo)

    VP, General Counsel & Corporate Compliance Officer

    • Tenure: 2.2yrs
    • Compensation: US$1.03m
  • Chris Liddle

    Corporate Finance & Investor Relations Manager & Assistant Treasurer

    • Tenure: 0yrs
  • Jardon Jaramillo

    Controller & Assistant Treasurer

    • Tenure: 0yrs
  • John McFarland

    VP of Customer Solutions & Chief Customer Officer

    • Tenure: 0.4yrs

Board Members

  • Kirby Dyess (72yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$198.39k
  • Jack Davis (72yo)

    Chairman of the Board

    • Tenure: 5.9yrs
    • Compensation: US$244.14k
  • Maria Pope (54yo)

    President

    • Tenure: 1.7yrs
    • Compensation: US$3.22m
  • John Ballantine (73yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$191.51k
  • Charles Shivery (74yo)

    Director

    • Tenure: 5.6yrs
    • Compensation: US$190.89k
  • Mark Ganz (58yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$187.14k
  • Kate Jackson (62yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: US$187.14k
  • M. Pelton (68yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$194.64k
  • Neil Nelson (60yo)

    Director

    • Tenure: 12.9yrs
    • Compensation: US$202.14k
  • Rod Brown (62yo)

    Director

    • Tenure: 12.6yrs
    • Compensation: US$187.14k

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$4.949b
  • Shares outstanding: 89.37m
  • Website: https://www.portlandgeneral.com

Number of Employees


Location

  • Portland General Electric Company
  • 121 South West Salmon Street
  • Portland
  • Oregon
  • 97204
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PORNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2006
49PDB (Deutsche Boerse AG)YesCommon StockDEEURMar 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.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 23:54
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.