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Itron, Inc.

ITRI

Instruments For Meas & Testing of Electricity & Elec Signals

Mkt Cap

$3.46B

PE

46.28

Debt

$460M

Cash

$254.8M

EV

$3.665B

FCF

$40.88M

Market Cap

$3.46B

P/E Ratio

46.28

Debt

$460M

Cash

$254.8M

EV

$3.665B

FCF

$40.88M
Charts data: {"Earnings":[{"time":"2014-12-30","value":-22920000},{"time":"2015-12-30","value":12678000},{"time":"2016-12-30","value":31770000},{"time":"2017-12-30","value":57298000},{"time":"2018-12-30","value":-99250000},{"time":"2019-12-30","value":49006000},{"time":"2020-12-30","value":-57955000},{"time":"2021-12-30","value":-81255000},{"time":"2022-12-30","value":-9732000}],"Sales":[{"time":"2014-12-30","value":1970697000},{"time":"2015-12-30","value":1883533000},{"time":"2016-12-30","value":2013186000},{"time":"2017-12-30","value":2018197000},{"time":"2018-12-30","value":2376117000},{"time":"2019-12-30","value":2502470000},{"time":"2020-12-30","value":2173350000},{"time":"2021-12-30","value":1981572000},{"time":"2022-12-30","value":1795564000}],"Net Margins":[{"time":"2014-12-30","value":-0.011630402847317471},{"time":"2015-12-30","value":0.006730967814208724},{"time":"2016-12-30","value":0.015780956156063074},{"time":"2017-12-30","value":0.02839068733131602},{"time":"2018-12-30","value":-0.04176982867426141},{"time":"2019-12-30","value":0.01958305194467866},{"time":"2020-12-30","value":-0.0266662065474958},{"time":"2021-12-30","value":-0.04100532304655092},{"time":"2022-12-30","value":-0.0054200240147385444}],"Assets":[{"time":"2014-12-30","value":1710305000},{"time":"2015-12-30","value":1681363000},{"time":"2016-12-30","value":1577811000},{"time":"2017-12-30","value":2106147000},{"time":"2018-12-30","value":2608982000},{"time":"2019-12-30","value":2707841000},{"time":"2020-12-30","value":2607023000},{"time":"2021-12-30","value":2393790000},{"time":"2022-12-30","value":2378078000}],"Stockholders Equity":[{"time":"2014-12-30","value":714481000},{"time":"2015-12-30","value":622703000},{"time":"2016-12-30","value":650353000},{"time":"2017-12-30","value":805632000},{"time":"2018-12-30","value":734048000},{"time":"2019-12-30","value":800815000},{"time":"2020-12-30","value":840273000},{"time":"2021-12-30","value":1142759000},{"time":"2022-12-30","value":1191556000}],"ROE":[{"time":"2014-12-30","value":-0.03207922953864414},{"time":"2015-12-30","value":0.02035962569635926},{"time":"2016-12-30","value":0.04885039355549986},{"time":"2017-12-30","value":0.07112180251032729},{"time":"2018-12-30","value":-0.13520914163651424},{"time":"2019-12-30","value":0.06119515743336476},{"time":"2020-12-30","value":-0.06897163183870005},{"time":"2021-12-30","value":-0.07110423107584364},{"time":"2022-12-30","value":-0.008167471776399935}],"ROA":[{"time":"2014-12-30","value":0.002240536044740558},{"time":"2015-12-30","value":0.0314304525554565},{"time":"2016-12-30","value":0.06097751885365231},{"time":"2017-12-30","value":0.07189716577237962},{"time":"2018-12-30","value":-0.019046509328159412},{"time":"2019-12-30","value":0.04899955351883659},{"time":"2020-12-30","value":-0.003987306594533305},{"time":"2021-12-30","value":-0.033126966024588624},{"time":"2022-12-30","value":-0.0031281564355752837}]}

Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. It operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers value-added, enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, agents, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.

Sector

  • COHU Logo

    COHU

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$40.88M$39.37M$37.91M$36.51M$35.15M$33.85M$32.6M$31.39M$30.23M$29.11M$28.03M$280.3M
DCF$34.23M$28.66M$24M$20.1M$16.83M$14.09M$11.8M$9.882M$8.274M$6.929M$69.29M
Value$244.1M

In the chart Earnings are multiplied by this value.

Earnings Growth 12%
Earnings Stability -40%


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.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Net Margin-1.2%0.67%1.6%2.8%-4.2%2%-2.7%-4.1%-0.54%3.6%
ROA0.22%3.1%6.1%7.2%-1.9%4.9%-0.4%-3.3%-0.31%3.7%
ROE-3.2%2%4.9%7.1%-14%6.1%-6.9%-7.1%-0.82%5.9%

What is the average Net Margin?

The average Net Margin over the past 5 years is -1.11%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -0.61%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +1.03%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -1.34%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is -2.52%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -0.96%.


Safety & Stabiliy

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.

Years12-201412-201512-201612-201712-201812-201912-202012-202112-2022TTM
Debt FCF-12.994.424.3220.418.4815.083.8396.7811.25
Debt Equity0.500.610.490.761.381.191.140.400.390.37
MIN
Graham Stability---100%-290%--2.5K%---2.5K%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 11.25.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is 11.98.

What is the Graham’s Stability?

Graham’s Stability measure stands at -24.65.


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.

Years12-201512-201712-201912-2021Trend
Revenue-0.68%-2.3%-10%-9.4%-2%
Net Income-----70%
Stockholders Equity9.7%8.1%14%4.3%2.8%
FCF-23%-49%-65%-96%-8.5%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -2.31%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -1.98%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -70.24%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +8.14%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +2.84%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -49.3%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -8.5%.