Ormat Technologies Financials

ORA Stock  USD 80.08  0.70  0.88%   
Based on the key indicators related to Ormat Technologies' liquidity, profitability, solvency, and operating efficiency, Ormat Technologies is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in December. At present, Ormat Technologies' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Current Liabilities is expected to grow to about 106.3 M, whereas Common Stock Shares Outstanding is forecasted to decline to about 48.2 M. Key indicators impacting Ormat Technologies' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.860.902
Sufficiently Down
Slightly volatile
Current Ratio1.141.203
Notably Down
Very volatile
The essential information of the day-to-day investment outlook for Ormat Technologies includes many different criteria found on its balance sheet. An individual investor should monitor Ormat Technologies' cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Ormat Technologies.

Cash And Equivalents

193.51 Million

  
Understanding current and past Ormat Technologies Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ormat Technologies' financial statements are interrelated, with each one affecting the others. For example, an increase in Ormat Technologies' assets may result in an increase in income on the income statement.

Ormat Technologies Earnings Geography

Please note, the presentation of Ormat Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ormat Technologies' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Ormat Technologies' management manipulating its earnings.

Ormat Technologies Stock Summary

Ormat Technologies competes with Altus Power, Enlight Renewable, Fluence Energy, Atlantica Sustainable, and Clearway Energy. Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. Ormat Technologies operates under UtilitiesRenewable classification in the United States and is traded on New York Stock Exchange. It employs 1385 people.
Foreign Associate
  Israel
Specialization
Utilities, Utilities - Renewable
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS6866881021
CUSIP686688102
LocationNevada; U.S.A
Business Address6140 Plumas Street,
SectorIndependent Power and Renewable Electricity Producers
IndustryUtilities
BenchmarkDow Jones Industrial
Websitewww.ormat.com
Phone775 356 9029
CurrencyUSD - US Dollar

Ormat Technologies Key Financial Ratios

Ormat Technologies Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets3.3B3.9B4.4B4.6B5.2B5.5B
Other Current Liab72.3M64.6M65.1M59.1M101.2M106.3M
Other Liab312.2M289.9M572.9M370.1M425.6M446.9M
Net Debt1.2B1.0B1.7B2.0B1.8B924.8M
Retained Earnings487.9M550.1M585.2M623.9M719.9M755.9M
Accounts Payable141.9M75.8M75.2M77.6M140.7M88.0M
Cash71.2M448.3M239.3M95.9M287.8M302.2M
Other Assets187.6M791.8M222.4M201.1M231.3M132.5M
Long Term Debt1.0B1.0B1.3B1.8B1.8B1.9B
Net Receivables214.9M191.7M150.8M177.6M271.6M285.2M
Inventory34.9M35.3M28.4M22.8M45.0M47.3M
Other Current Assets12.7M103.9M158.2M160.4M41.6M45.3M
Total Liab1.7B1.9B2.4B2.6B2.8B1.4B
Total Current Assets415.7M779.2M601.9M456.7M646.0M356.7M
Short Term Debt231.9M87.0M391.7M185.7M303.8M319.0M
Intangible Assets186.2M194.4M363.3M333.8M307.6M323.0M
Good Will20.1M24.6M90.0M90.3M90.5M46.5M
Net Tangible Assets1.2B1.8B1.4B1.5B1.7B1.2B
Long Term Debt Total1.0B1.0B1.3B1.6B1.9B1.0B

Ormat Technologies Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense80.4M78.0M82.7M87.7M98.9M56.4M
Total Revenue746.0M705.3M663.1M734.2M829.4M516.5M
Gross Profit269.3M276.3M264.3M268.8M264.0M178.3M
Operating Income68.3M65.5M17.7M24.1M166.6M174.9M
Ebit216.9M246.7M186.2M183.4M238.0M249.9M
Research Development4.6M5.4M4.1M5.1M7.2M4.8M
Ebitda217.1M397.8M364.9M387.4M468.9M492.4M
Cost Of Revenue476.7M429.1M398.7M465.3M565.4M338.2M
Income Before Tax137.3M168.7M103.6M95.6M139.1M146.0M
Net Income88.1M85.5M62.1M65.8M124.4M130.6M
Income Tax Expense45.6M67.0M24.9M14.7M6.0M5.7M
Minority Interest132.2M16.4M14.0M(12.0M)(7.8M)(7.4M)
Tax Provision45.6M67.0M24.9M14.7M(11.0M)(10.4M)
Interest Income78.2M1.7M95.3M3.4M10.9M10.3M
Net Interest Income(78.9M)(76.2M)(80.5M)(84.3M)(86.1M)(90.4M)

Ormat Technologies Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory5.5M178K4.1M5.6M(22.2M)(21.1M)
Change In Cash(24.4M)383.7M(193.3M)(116.8M)61.1M64.1M
Free Cash Flow(43.5M)(55.7M)(160.5M)(282.5M)(309.0M)(293.5M)
Depreciation148.8M156.6M183.0M198.8M231.0M242.5M
Other Non Cash Items(3.9M)1.4M6.5M46.0M6.5M6.2M
Capital Expenditures280.0M320.7M419.3M563.5M618.4M649.3M
Net Income93.5M101.8M76.1M77.8M124.4M130.6M
End Period Cash Flow153.1M536.8M343.4M226.7M287.8M302.2M
Dividends Paid22.4M22.5M27.0M27.1M28.4M15.6M
Investments(10.7M)(21.0M)(50.2M)38.3M(612.0M)(581.4M)
Net Borrowings(32.5M)(92.3M)(1.3M)198.9M179.0M187.9M
Change To Netincome28.9M13.1M8.6M33.4M30.1M25.6M

Ormat Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ormat Technologies's current stock value. Our valuation model uses many indicators to compare Ormat Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ormat Technologies competition to find correlations between indicators driving Ormat Technologies's intrinsic value. More Info.
Ormat Technologies is considered to be number one stock in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.41  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ormat Technologies is roughly  2.43 . At present, Ormat Technologies' Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ormat Technologies' earnings, one of the primary drivers of an investment's value.

Ormat Technologies' Earnings Breakdown by Geography

Ormat Technologies Systematic Risk

Ormat Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ormat Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Ormat Technologies correlated with the market. If Beta is less than 0 Ormat Technologies generally moves in the opposite direction as compared to the market. If Ormat Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ormat Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ormat Technologies is generally in the same direction as the market. If Beta > 1 Ormat Technologies moves generally in the same direction as, but more than the movement of the benchmark.

Ormat Technologies Thematic Clasifications

Ormat Technologies is part of Climate Change investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. A subset of companies across different industries and markets, that have embraced or working towards promoting renewable energy equipment, product, or services. Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change
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This theme covers A subset of companies across different industries and markets, that have embraced or working towards promoting renewable energy equipment, product, or services. Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change. Get More Thematic Ideas
Today, most investors in Ormat Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ormat Technologies' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ormat Technologies growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.48

At present, Ormat Technologies' Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Ormat Technologies November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Ormat Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ormat Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ormat Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Ormat Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ormat Technologies's daily price indicators and compare them against related drivers.

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