Financials Ormat Technologies, Inc.

Equities

ORA

US6866881021

Electric Utilities

Market Closed - Nyse 04:00:01 2024-04-19 pm EDT 5-day change 1st Jan Change
63.75 USD +1.32% Intraday chart for Ormat Technologies, Inc. -0.86% -15.89%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,800 5,041 4,441 4,850 4,574 3,849 - -
Enterprise Value (EV) 1 4,981 6,061 6,074 6,650 6,375 6,027 6,145 5,924
P/E ratio 43.3 x 54.7 x 72.1 x 73.9 x 36.4 x 30 x 26.2 x 21.7 x
Yield 0.59% 0.5% 0.61% 0.56% - 0.76% 0.8% 1.07%
Capitalization / Revenue 5.09 x 7.15 x 6.7 x 6.61 x 5.51 x 4.33 x 3.92 x 3.39 x
EV / Revenue 6.68 x 8.59 x 9.16 x 9.06 x 7.69 x 6.79 x 6.25 x 5.22 x
EV / EBITDA 13 x 14.4 x 15.1 x 15.3 x 13.2 x 11.4 x 10.7 x 9.45 x
EV / FCF -115 x -109 x -37.9 x -23.5 x - -97.7 x -90 x -
FCF Yield -0.87% -0.92% -2.64% -4.25% - -1.02% -1.11% -
Price to Book 2.73 x 2.58 x 2.4 x 2.6 x - 1.53 x 1.47 x 1.34 x
Nbr of stocks (in thousands) 50,994 55,841 56,002 56,085 60,354 60,382 - -
Reference price 2 74.52 90.28 79.30 86.48 75.79 63.75 63.75 63.75
Announcement Date 2/25/20 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 1 746 705.3 663.1 734.2 829.4 888.2 982.7 1,135
EBITDA 1 384.3 420.2 401.4 435.5 481.7 528.6 574.8 626.8
EBIT 1 193.8 214 169.4 152.8 166.6 203.7 228.2 271.2
Operating Margin 25.98% 30.34% 25.54% 20.81% 20.08% 22.94% 23.23% 23.9%
Earnings before Tax (EBT) 1 137.3 168.7 103.6 95.61 139.1 182.7 202.6 207.2
Net income 1 88.1 85.46 62.09 65.84 124.4 129.7 142.8 183.6
Net margin 11.81% 12.12% 9.36% 8.97% 15% 14.61% 14.53% 16.18%
EPS 2 1.720 1.650 1.100 1.170 2.080 2.127 2.430 2.934
Free Cash Flow 1 -43.49 -55.73 -160.4 -282.5 - -61.7 -68.3 -
FCF margin -5.83% -7.9% -24.2% -38.48% - -6.95% -6.95% -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.4400 0.4500 0.4800 0.4800 - 0.4843 0.5118 0.6800
Announcement Date 2/25/20 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 Q3 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 2025 Q1
Net sales 1 158.8 191 183.7 169.1 175.9 205.5 185.2 194.8 208.1 241.3 218.8 214 215.1 240.3 220.5
EBITDA 1 101.6 116 107.9 100.7 102.2 124.7 123.5 100.9 118.3 139 134.7 123.5 125.8 144.4 156.7
EBIT 1 35.99 54.86 45.08 38.61 39.72 30.22 53.17 24.22 37.57 51.63 58.86 39.65 38.96 58.41 -
Operating Margin 22.66% 28.72% 24.54% 22.83% 22.58% 14.71% 28.7% 12.44% 18.06% 21.39% 26.9% 18.52% 18.11% 24.31% -
Earnings before Tax (EBT) 1 22.18 42.22 32.38 22.64 27.64 12.95 42.08 18.56 29.6 48.85 54.63 34.14 37.03 55.08 -
Net income 1 14.9 18.9 18.43 11.26 18.11 18.04 29.03 24.19 35.45 35.28 40.43 23.2 25.31 40.82 -
Net margin 9.38% 9.9% 10.03% 6.66% 10.3% 8.78% 15.67% 12.42% 17.04% 14.62% 18.48% 10.84% 11.76% 16.99% -
EPS 2 0.2600 0.3400 0.3300 0.2000 0.3200 0.3200 0.5100 0.4000 0.5900 0.5900 0.6265 0.3939 0.4384 0.6604 0.7229
Dividend per Share 2 0.1200 0.1200 0.1200 0.1200 0.1200 0.1200 0.1200 0.1200 0.1200 - 0.1398 0.1148 0.1148 0.1133 0.2700
Announcement Date 11/3/21 2/23/22 5/2/22 8/3/22 11/2/22 2/22/23 5/9/23 8/2/23 11/8/23 2/21/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,181 1,020 1,633 1,800 1,801 2,178 2,296 2,075
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.074 x 2.427 x 4.068 x 4.134 x 3.738 x 4.12 x 3.994 x 3.311 x
Free Cash Flow 1 -43.5 -55.7 -160 -283 - -61.7 -68.3 -
ROE (net income / shareholders' equity) 6.5% 5.34% 4.29% 3.54% 5.95% 4.98% 6.19% 6.18%
ROA (Net income/ Total Assets) 2.77% 2.39% 1.89% 2.04% 2.53% 2.2% 4.4% -
Assets 1 3,186 3,570 3,284 3,227 4,910 5,897 3,245 -
Book Value Per Share 2 27.30 35.00 33.10 33.30 - 41.70 43.50 47.70
Cash Flow per Share - - - - - - - -
Capex 1 280 321 419 563 - 618 490 300
Capex / Sales 37.53% 45.47% 63.23% 76.75% - 69.55% 49.9% 26.44%
Announcement Date 2/25/20 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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
63.75 USD
Average target price
76.71 USD
Spread / Average Target
+20.34%
Consensus
  1. Stock Market
  2. Equities
  3. ORA Stock
  4. Financials Ormat Technologies, Inc.