Itron, Inc.

Industrials
Electrical Products
www.itron.com

Earnings Score
Moat Score
Safety Score

Market Cap $5.21B
PE 23
Debt $1.27B
Cash $982.51M
EV $5.50B
FCF $176.76M

Earnings

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Sales & Net Margins

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Earnings	$225.38M
EBIT	$263.95M
ROE	16%
ROA	8%
FCF	$176.76M
Equity	$1.37B
Growth Stability	-2K%
PE	23.14
PEG	2.47
PB	3.81
P/FCF	29.5
P/S	2.17
Price/Cash	0.19
Debt/Equity	0.92
Debt/FCF	7.16
Net Margins	10%
Gross Margins	34%
Op. Margins	11%
Earnings CAGR	5%
Sales Growth YoY	10%
Sales Growth QoQ	1%
Sales CAGR	0%
FCF CAGR	-2%
Equity CAGR	9%
Earnings Stability	0.16
Earnings Growth YoY	94%
Earnings Growth QoQ	52%

Earnings CAGR 5Y	9%
Sales CAGR 5Y	-2%
FCF CAGR 5Y	-4%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	56%
Equity CAGR 3Y	7%
Market Cap	$5.21B
Revenue	$2.41B
Assets	$3.37B
Total Debt	$1.27B
Cash	$982.51M
Shares Outstanding	44.98M
EV	5.5B
Earnings Score	8%
Moat Score	90%
Safety Score	48%
Final Score	49%
Working Capital	1.23B
Current Ratio	3.36
Gross Profit	$821.83M
Shares Growth 3y	0%
Equity Growth QoQ	9%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.

SEC Filings

Direct access to Itron, Inc. (ITRI) 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 Itron, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 5%

Stability 16%

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Itron, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Itron, Inc..

Years

Calculation mode

= $1.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$177M	$174M	$171M	$168M	$165M	$163M	$160M	$157M	$155M	$152M	$150M	$1.5B
DCF		$158M	$141M	$126M	$113M	$101M	$90M	$81M	$72M	$65M	$58M	$578M
Value	$1.6B

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	-1%	1%	2%	3%	-4%	2%	-3%	-4%	-1%	4%	10%
ROA	-	3%	6%	7%	-2%	5%	-0%	-3%	-0%	5%	8%
ROE	-	2%	5%	7%	-14%	6%	-7%	-7%	-1%	7%	16%

Net Margins (9.9%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

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	-	12.99	4.42	4.32	20.41	8.48	15.08	3.83	96.78	4.69	7.16
Debt over Equity	0.5	0.61	0.49	0.76	1.38	1.19	1.14	0.4	0.39	0.35	0.92
Growth Stability	-	-	-	100%	-293%	-	-2K%	-	-	-	-2K%

Bad Debt/FCF ratio (7.16)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.92)

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

Bad Graham’s Stability (-2K%)

The company has a bad stability in its earnings, which is a sign of a bad 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	-	-4%	7%	0%	18%	5%	-13%	-9%	-9%	21%	-2%
Earnings YoY growth	-	-155%	151%	80%	-273%	-149%	-218%	40%	-88%	-1K%	9%
Equity YoY growth	-	-13%	4%	24%	-9%	9%	5%	36%	4%	12%	12%
FCF YoY growth	-	-67%	146%	96%	-65%	125%	-44%	90%	-96%	2K%	-4%