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

2.3%

POR

0.9%

US Electric Utilities

1.0%

US Market


1 Year Return

22.9%

POR

17.3%

US Electric Utilities

8.0%

US Market

Return vs Industry: POR exceeded the US Electric Utilities industry which returned 17.3% over the past year.

Return vs Market: POR exceeded the US Market which returned 8% over the past year.


Shareholder returns

PORIndustryMarket
7 Day2.3%0.9%1.0%
30 Day0.8%-0.07%-0.07%
90 Day4.2%6.3%-1.0%
1 Year26.5%22.9%21.3%17.3%10.4%8.0%
3 Year49.5%36.6%44.8%30.3%46.2%36.7%
5 Year87.8%61.1%71.9%42.5%64.3%46.2%

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 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: POR ($56.96) is trading below our estimate of fair value ($132.78)

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


Price To Earnings Ratio

PE vs Industry: POR is poor value based on its PE Ratio (25.4x) compared to the Electric Utilities industry average (23.9x).

PE vs Market: POR is poor value based on its PE Ratio (25.4x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: POR is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: POR is good value based on its PB Ratio (2x) compared to the US Electric Utilities industry average (2.3x).


Next Steps

Future Growth

How is Portland General Electric forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: POR's forecast earnings growth (6.5% per year) is above the savings rate (2.7%).

Earnings vs Market: POR's earnings (6.5% 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 (1% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: POR's revenue (1% 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?

4.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: POR's earnings have grown by 4.5% per year over the past 5 years.

Accelerating Growth: POR's earnings growth over the past year (4.2%) is below its 5-year average (4.5% per year).

Earnings vs Industry: POR earnings growth over the past year (4.2%) underperformed the Electric Utilities industry 4.2%.


Return on Equity

High ROE: POR's Return on Equity (7.9%) is considered low.


Return on Assets

ROA vs Industry: POR's Return on Assets is below or equal to the Electric Utilities industry average last year.


Return on Capital Employed

ROCE Improving: POR's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Portland General Electric's financial position?


Financial Position Analysis

Short Term Liabilities: POR's short term assets ($440.0M) exceeds its short term liabilities ($440.0M)

Long Term Liabilities: POR's short term assets (440.0M) do not cover its long term liabilities (5.0B)


Debt to Equity History and Analysis

Debt Level: POR's debt to equity ratio (94.2%) is considered high

Reducing Debt: POR's debt to equity ratio has reduced from 114.5% to 94.2% over the past 5 years.

Debt Coverage: POR's debt is well covered by operating cash flow (25.3%).

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?

2.70%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage3.1%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: POR's dividend (2.7%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: POR's dividend (2.7%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (65.7%), 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 (64.1% payout ratio).


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?

1.8yrs

Average management tenure


CEO

Maria Pope (54yo)

1.8yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

1.8yrs

Average Tenure

55.5yo

Average Age

Experienced Management: POR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

11.5yrs

Average Tenure

65yo

Average Age

Experienced Board: POR's board of directors are seasoned and experienced ( 11.5 years average tenure).


Insider Trading

Insider Buying: POR 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: 1.8yrs
    • Compensation: US$3.22m
  • Jim Lobdell (60yo)

    Senior VP of Finance

    • Tenure: 6.6yrs
    • Compensation: US$1.36m
  • Nora Arkonovich

    Corporate Secretary

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

    Vice President of Operations Services

    • Tenure: 0.8yrs
  • John Kochavatr (45yo)

    VP of Information Technology & Chief Information Officer

    • Tenure: 1.7yrs
    • Compensation: US$1.34m
  • Anne Mersereau (56yo)

    Vice President of Human Resources

    • Tenure: 3.8yrs
  • Lisa Kaner (58yo)

    VP, General Counsel & Corporate Compliance Officer

    • Tenure: 2.3yrs
    • 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: 0.5yrs

Board Members

  • Kirby Dyess (72yo)

    Independent Director

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

    Chairman of the Board

    • Tenure: 6yrs
    • Compensation: US$244.14k
  • Maria Pope (54yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$3.22m
  • John Ballantine (73yo)

    Independent Director

    • Tenure: 15.7yrs
    • Compensation: US$191.51k
  • Charles Shivery (74yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: US$190.89k
  • Mark Ganz (58yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$187.14k
  • Kate Jackson (62yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$187.14k
  • M. Pelton (68yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$194.64k
  • Neil Nelson (60yo)

    Independent Director

    • Tenure: 13yrs
    • Compensation: US$202.14k
  • Rod Brown (62yo)

    Independent Director

    • Tenure: 12.7yrs
    • 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$5.091b
  • 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 Analysis2019/10/21 23:58
End of Day Share Price2019/10/21 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.