Itron Inc.
Find Ratings ReportsITRON INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. ITRON INC has average liquidity. Currently, the Quick Ratio is 1.13 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 12.19% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 577.17 | 467.49 |
EBITDA ($mil) | 70.16 | 26.46 |
EBIT ($mil) | 56.41 | 10.31 |
Net Income ($mil) | 44.39 | 22.21 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 302.05 | 202.01 |
Total Assets ($mil) | 2604.26 | 2378.08 |
Total Debt ($mil) | 502.46 | 512.86 |
Equity ($mil) | 1310.91 | 1168.47 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 35.63 | 32.23 |
EBITDA Margin | 12.15 | 5.66 |
Operating Margin | 9.77 | 2.21 |
Sales Turnover | 0.83 | 0.76 |
Return on Assets | 3.72 | -0.4 |
Return on Equity | 7.39 | -0.83 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.95 | 1.66 |
Debt/Capital | 0.28 | 0.31 |
Interest Expense | 1.87 | 1.79 |
Interest Coverage | 30.17 | 5.75 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 45.51 | 45.19 |
Div / share | 0.0 | 0.0 |
EPS | 0.96 | 0.49 |
Book value / share | 28.8 | 25.86 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 400766.0 | 335479.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 3.03 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ITRON INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ITRI 41.54 | Peers 53.34 | ITRI 31.77 | Peers 44.47 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ITRI is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ITRI is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ITRI 20.03 | Peers 26.06 | ITRI 0.58 | Peers 1.95 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. ITRI is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ITRI trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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ITRI 3.03 | Peers 23.59 | ITRI 1054.54 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ITRI is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ITRI is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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ITRI 1.83 | Peers 14.13 | ITRI 21.05 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ITRI is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ITRI trails its peers on the basis of sales growth. |
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