ORA Valuation

Ormat Technologies Inc

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92.600

+0.32(0.347%)1D

Overview
Forecast
Valuation
Earnings

ORA Relative Valuation

ORA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ORA is overvalued; if below, it's undervalued.

Historical Valuation

Ormat Technologies Inc (ORA) is now in the Fair zone, suggesting that its current forward PE ratio of 41.02 is considered Fairly compared with the five-year average of 44.04. The fair price of Ormat Technologies Inc (ORA) is between 73.86 to 115.76 according to relative valuation methord.

Relative Value

Fair Zone

73.86-115.76

Current Price：92.28

Fair

41.02

Trailing

Forward

13.70

EV/EBITDA

Ormat Technologies Inc. (ORA) has a current EV/EBITDA of 13.70. The 5-year average EV/EBITDA is 12.96. The thresholds are as follows: Strongly Undervalued below 9.77, Undervalued between 9.77 and 11.36, Fairly Valued between 14.55 and 11.36, Overvalued between 14.55 and 16.14, and Strongly Overvalued above 16.14. The current Forward EV/EBITDA of 13.70 falls within the Historic Trend Line -Fairly Valued range.

40.59

EV/EBIT

Ormat Technologies Inc. (ORA) has a current EV/EBIT of 40.59. The 5-year average EV/EBIT is 31.21. The thresholds are as follows: Strongly Undervalued below 20.69, Undervalued between 20.69 and 25.95, Fairly Valued between 36.47 and 25.95, Overvalued between 36.47 and 41.73, and Strongly Overvalued above 41.73. The current Forward EV/EBIT of 40.59 falls within the Overvalued range.

5.44

Ormat Technologies Inc. (ORA) has a current PS of 5.44. The 5-year average PS is 5.44. The thresholds are as follows: Strongly Undervalued below 3.42, Undervalued between 3.42 and 4.43, Fairly Valued between 6.45 and 4.43, Overvalued between 6.45 and 7.46, and Strongly Overvalued above 7.46. The current Forward PS of 5.44 falls within the Historic Trend Line -Fairly Valued range.

12.81

P/OCF

Ormat Technologies Inc. (ORA) has a current P/OCF of 12.81. The 5-year average P/OCF is 13.17. The thresholds are as follows: Strongly Undervalued below 6.25, Undervalued between 6.25 and 9.71, Fairly Valued between 16.63 and 9.71, Overvalued between 16.63 and 20.09, and Strongly Overvalued above 20.09. The current Forward P/OCF of 12.81 falls within the Historic Trend Line -Fairly Valued range.

-49.32

P/FCF

Ormat Technologies Inc. (ORA) has a current P/FCF of -49.32. The 5-year average P/FCF is -44.83. The thresholds are as follows: Strongly Undervalued below -101.61, Undervalued between -101.61 and -73.22, Fairly Valued between -16.44 and -73.22, Overvalued between -16.44 and 11.95, and Strongly Overvalued above 11.95. The current Forward P/FCF of -49.32 falls within the Historic Trend Line -Fairly Valued range.

Ormat Technologies Inc (ORA) has a current Price-to-Book (P/B) ratio of 2.26. Compared to its 3-year average P/B ratio of 2.08 , the current P/B ratio is approximately 8.65% higher. Relative to its 5-year average P/B ratio of 2.21, the current P/B ratio is about 2.08% higher. Ormat Technologies Inc (ORA) has a Forward Free Cash Flow (FCF) yield of approximately -2.06%. Compared to its 3-year average FCF yield of -5.26%, the current FCF yield is approximately -60.92% lower. Relative to its 5-year average FCF yield of -4.42% , the current FCF yield is about -53.47% lower.

2.26

P/B

Median3y

2.08

Median5y

2.21

-2.06

FCF Yield

Median3y

-5.26

Median5y

-4.42

Competitors Valuation Multiple

The average P/S ratio for ORA's competitors is 2.53, providing a benchmark for relative valuation. Ormat Technologies Inc Corp (ORA) exhibits a P/S ratio of 5.44, which is 114.64% above the industry average. Given its robust revenue growth of 9.89%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

ORA.N

Ormat Technologies Inc

Brookfield Renewable Corp

Algonquin Power & Utilities Corp

Portland General Electric Co

1.24

6.46%

4.62B

Performance Decomposition

Market capitalization of ORA increased by 24.25% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 212.96M to 234.02M.

The secondary factor is the P/E Change, contributed 7.25%to the performance.

Overall, the performance of ORA in the past 1 year is driven by Revenue Growth. Which is more sustainable.

9.89%

212.96M → 234.02M

Revenue Growth

7.11%

11.25 → 12.05

Margin Expansion

7.25%

39.84 → 42.72

P/E Change

24.25%