Idacorp Inc

Utilities
Electric Utilities: Central
www.idacorpinc.com

Earnings Score
Moat Score
Safety Score

Market Cap $6.00B
PE 21
Debt $3.12B
Cash $427.95M
EV $8.69B
FCF -$444.92M

Earnings

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Sales & Net Margins

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Earnings	$282.56M
EBIT	$323.37M
ROE	9%
ROA	4%
FCF	-$444.92M
Equity	$3.28B
Growth Stability	100%
PE	21.23
PEG	5.9
PB	1.83
P/FCF	-13.48
P/S	3.26
Price/Cash	0.07
Debt/Equity	0.95
Debt/FCF	-7.02
Net Margins	18%
Op. Margins	18%
Earnings CAGR	4%
Sales Growth YoY	3%
Sales Growth QoQ	17%
Sales CAGR	4%
FCF CAGR	0%
Equity CAGR	5%
Earnings Stability	0.9
Earnings Growth YoY	8%
Earnings Growth QoQ	27%

Earnings CAGR 5Y	4%
Sales CAGR 5Y	9%
FCF CAGR 5Y	0%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
Equity CAGR 3Y	7%
Market Cap	$6.00B
Revenue	$1.84B
Dividend Yield	3%
Payout Ratio	61%
Assets	$9.11B
Total Debt	$3.12B
Cash	$427.95M
Shares Outstanding	52.11M
EV	8.69B
Earnings Score	85%
Moat Score	72%
Safety Score	66%
Final Score	75%
Working Capital	427.17M
Current Ratio	1.7
Shares Growth 3y	1%
Equity Growth QoQ	2%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Most of its total energy production. Idacorp primarily generates revenue from the sale of electricity to retail and wholesale customers. Most of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent significant revenue streams.

SEC Filings

Direct access to Idacorp Inc (IDA) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Idacorp Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Idacorp Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability 90%

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Idacorp Inc Discounted Cash Flow

Fully customizable DCF calculator online for Idacorp Inc.

Years

Calculation mode

= -$4.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$445M	-$446M	-$447M	-$448M	-$449M	-$449M	-$450M	-$451M	-$452M	-$453M	-$454M	-$4.5B
DCF		-$405M	-$369M	-$336M	-$306M	-$279M	-$254M	-$232M	-$211M	-$192M	-$175M	-$1.8B
Value	-$4.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	15%	15%	16%	16%	17%	17%	18%	17%	16%	15%	18%
ROA	-	5%	4%	5%	5%	4%	4%	5%	4%	4%	4%
ROE	-	9%	9%	9%	10%	9%	9%	9%	9%	9%	9%

Good Net Margins (17.59%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	29.51	34.82	11.45	8.58	22.03	25.91	31.62	-26.99	-8.21	-7.02
Debt over Equity	0.84	0.85	0.82	0.77	0.77	0.78	0.78	0.75	0.78	0.97	0.95
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (-7.02)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.95)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-1%	-1%	7%	2%	-2%	0%	8%	13%	7%	9%
Earnings YoY growth	-	1%	2%	7%	7%	3%	2%	3%	5%	1%	4%
Equity YoY growth	-	5%	5%	5%	5%	4%	4%	4%	5%	4%	5%
FCF YoY growth	-	-34%	-14%	201%	40%	-59%	-12%	-18%	-229%	323%	0%