AVISTA CORPORATION |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.58 USD | +0.35% |
|
+0.38% | +7.90% |
| May. 03 | Mizuho Upgrades Avista to Neutral From Underperform, Boosts Price Target to $36 From $32 | MT |
| May. 01 | Avista Corp. Declares Quarterly Dividend, Payable on June 14, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,208 | 2,759 | 3,007 | 3,271 | 2,765 | 3,006 | - | - |
| Enterprise Value (EV) 1 | 5,331 | 5,008 | 5,469 | 5,604 | 5,609 | 5,956 | 6,062 | 6,200 |
| P/E ratio | 16.2 x | 21.1 x | 20.2 x | 20.9 x | 16 x | 15.8 x | 14.6 x | 14.2 x |
| Yield | 3.22% | 4.04% | 3.98% | 3.97% | 5.15% | 4.94% | 5.19% | 5.39% |
| Capitalization / Revenue | 2.38 x | 2.09 x | 2.09 x | 1.91 x | 1.58 x | 1.72 x | 1.65 x | 1.59 x |
| EV / Revenue | 3.96 x | 3.79 x | 3.8 x | 3.28 x | 3.2 x | 3.4 x | 3.33 x | 3.28 x |
| EV / EBITDA | 12.7 x | 11 x | 11.9 x | 12.6 x | 10.7 x | 10.4 x | 9.94 x | 9.49 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | - | 1.35 x | - | 3.8 x | 1.12 x | 1.16 x | 1.12 x | - |
| Nbr of stocks (in thousands) | 66,710 | 68,736 | 70,768 | 73,776 | 77,368 | 78,189 | - | - |
| Reference price 2 | 48.09 | 40.14 | 42.49 | 44.34 | 35.74 | 38.44 | 38.44 | 38.44 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,346 | 1,322 | 1,439 | 1,710 | 1,752 | 1,751 | 1,822 | 1,892 |
| EBITDA 1 | 420.5 | 456.9 | 460.4 | 443.4 | 523 | 573 | 610 | 653 |
| EBIT 1 | 245 | 232.7 | 228.2 | 190.2 | 257.7 | 313.9 | 340.5 | 369.2 |
| Operating Margin | 18.21% | 17.6% | 15.86% | 11.12% | 14.71% | 17.93% | 18.69% | 19.52% |
| Earnings before Tax (EBT) 1 | 228.1 | 136.5 | 159.4 | 138 | 137.6 | 212.4 | 231.4 | 244.7 |
| Net income 1 | 197 | 129.5 | 147.3 | 155.2 | 171.2 | 190 | 207.8 | 219.9 |
| Net margin | 14.64% | 9.8% | 10.24% | 9.07% | 9.77% | 10.85% | 11.41% | 11.62% |
| EPS 2 | 2.970 | 1.900 | 2.100 | 2.120 | 2.240 | 2.440 | 2.628 | 2.707 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.550 | 1.620 | 1.690 | 1.760 | 1.840 | 1.900 | 1.995 | 2.070 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 431.8 | 462 | 378.6 | 359.4 | 510.1 | 474.6 | 379.9 | 379.6 | 517.4 | 609.4 | 358.2 | 353.7 | 487.1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 70.37 | 82.97 | 24.28 | 19.4 | 63.59 | 76.6 | 43.81 | 38.09 | 99.19 | 101.1 | 46.82 | 37.83 | 123.5 |
| Operating Margin | 16.3% | 17.96% | 6.41% | 5.4% | 12.46% | 16.14% | 11.53% | 10.03% | 19.17% | 16.59% | 13.07% | 10.7% | 25.35% |
| Earnings before Tax (EBT) 1 | 53.78 | 60.73 | 10.45 | -5.641 | 72.44 | 48.22 | 11.67 | 10.93 | 66.73 | 73.8 | 22.25 | 13 | 99.27 |
| Net income 1 | 50.88 | 71.56 | 11.45 | -5.798 | 77.96 | 54.84 | 17.48 | 14.72 | 84.14 | 71.5 | 18.26 | 11.1 | 88.68 |
| Net margin | 11.78% | 15.49% | 3.03% | -1.61% | 15.28% | 11.56% | 4.6% | 3.88% | 16.26% | 11.73% | 5.1% | 3.14% | 18.2% |
| EPS 2 | 0.7100 | 0.9900 | 0.1600 | -0.0800 | 1.060 | 0.7300 | 0.2300 | 0.1900 | 1.100 | 0.9100 | 0.2400 | 0.1400 | 1.140 |
| Dividend per Share 2 | 0.4225 | 0.4400 | 0.4400 | 0.4400 | 0.4400 | 0.4600 | 0.4600 | 0.4600 | 0.4600 | 0.4750 | 0.4800 | 0.4800 | 0.4800 |
| Announcement Date | 2/23/22 | 5/4/22 | 8/3/22 | 11/1/22 | 2/22/23 | 5/3/23 | 8/2/23 | 11/1/23 | 2/21/24 | 5/1/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,123 | 2,249 | 2,462 | 2,333 | 2,844 | 2,951 | 3,057 | 3,194 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.049 x | 4.922 x | 5.347 x | 5.261 x | 5.438 x | 5.15 x | 5.011 x | 4.892 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 6.74% | 6.53% | 7.04% | 3.47% | 7.1% | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 29.80 | - | 11.70 | 31.80 | 33.20 | 34.30 | - |
| Cash Flow per Share 2 | 6.000 | 4.860 | 3.810 | 1.700 | 5.840 | 6.190 | 6.270 | - |
| Capex 1 | 443 | 404 | 440 | 452 | 499 | 509 | 536 | 573 |
| Capex / Sales | 32.89% | 30.59% | 30.57% | 26.43% | 28.47% | 29.08% | 29.41% | 30.26% |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
38.44
USD
Average target price
40
USD
Spread / Average Target
+4.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.90% | 3.01B | |
| +79.19% | 89.77B | |
| -17.14% | 88.77B | |
| +7.37% | 53.87B | |
| -.--% | 51.55B | |
| +4.34% | 49.15B | |
| -0.93% | 41.53B | |
| +4.53% | 38.04B | |
| +22.19% | 36.97B | |
| -15.71% | 28.61B |
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- Financials Avista Corporation