Ormat Technologies Inc.
Find Ratings ReportsORMAT TECHNOLOGIES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. ORMAT TECHNOLOGIES INC has average liquidity. Currently, the Quick Ratio is 1.01 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 23.98% 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 |
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Net Sales ($mil) | 241.34 | 205.49 |
EBITDA ($mil) | 115.27 | 112.19 |
EBIT ($mil) | 53.86 | 59.52 |
Net Income ($mil) | 35.73 | 18.04 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 287.77 | 226.68 |
Total Assets ($mil) | 5208.28 | 4611.58 |
Total Debt ($mil) | 2115.15 | 2052.71 |
Equity ($mil) | 2315.43 | 1867.57 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 47.76 | 54.6 |
EBITDA Margin | 47.76 | 54.59 |
Operating Margin | 22.32 | 28.96 |
Sales Turnover | 0.16 | 0.16 |
Return on Assets | 2.38 | 1.42 |
Return on Equity | 5.37 | 3.53 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.2 | 1.33 |
Debt/Capital | 0.48 | 0.52 |
Interest Expense | 29.74 | 27.84 |
Interest Coverage | 1.81 | 2.14 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 60.36 | 56.1 |
Div / share | 0.12 | 0.12 |
EPS | 0.59 | 0.32 |
Book value / share | 38.36 | 33.29 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 451705.0 | 513634.0 |
HOLD. The current P/E ratio indicates a significant premium compared to an average of 18.74 for the Utilities subsector and a premium compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.67 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.98. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, ORMAT TECHNOLOGIES INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ORA 30.59 | Peers 18.74 | ORA 12.47 | Peers 8.50 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. ORA is trading at a significant premium to its peers. |
Premium. 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. ORA is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ORA 25.67 | Peers 14.78 | ORA 21.24 | Peers 1.44 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. ORA is trading at a significant premium to its peers. |
Premium. 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. ORA trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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ORA 1.67 | Peers 1.98 | ORA 78.63 | Peers 132.20 | |||||||||||||||||||||
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. ORA is trading at a discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, ORA is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ORA 4.65 | Peers 2.49 | ORA 12.97 | Peers 1.95 | |||||||||||||||||||||
Premium. 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. ORA is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. ORA has a sales growth rate that significantly exceeds its peers. |
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