IDACORP, Inc. (IDA) vs OGE Energy Corporation (OGE)

IDACORP, Inc. and OGE Energy Corporation are both Utilities Regulated Electric companies. OGE Energy Corporation is the larger, with a market value of $9.2B against $7.4B — 1.2× the size. OGE Energy Corporation trades at the lower P/E: 19.6× against 21.1×. OGE Energy Corporation grew revenue faster over the last twelve months: 0.63% against −0.39%. IDACORP, Inc. has the higher net margin (18.8% vs 14.4%) and the lower return on invested capital (3.42% vs 4.53%). Both pay a dividend; OGE Energy Corporation yields more (5.16% vs 3.62%). Across the 22 metrics below, OGE Energy Corporation leads on 15 and IDACORP, Inc. on 7.

Valuation

Metric IDA OGE Utilities Regulated Electric median
P/E 21.07 19.57 18.84
P/S 4.02 2.86 2.52
P/B 1.91 1.86 1.63
Price to free cash flow n/m 33.75 36.22
EV/EBITDA 16.06 11.26 11.82
EV/Sales 6.07 4.67 4.58
Earnings yield 4.75% 5.11% 5.30%
Free cash flow yield (12.89%) 2.96% (5.06%)

Profitability

Metric IDA OGE Utilities Regulated Electric median
Gross margin 68.13% 62.01% 66.28%
Operating margin 22.75% 24.24% 21.79%
Net margin 18.78% 14.43% 12.94%
Free cash flow margin (51.75%) 8.48% (11.51%)
Return on equity 9.42% 9.70% 9.75%
Return on assets 3.26% 3.25% 2.75%
Return on invested capital 3.42% 4.53% 3.87%

Growth

Metric IDA OGE Utilities Regulated Electric median
Revenue growth (TTM) (0.39%) 0.63% 7.43%
EPS growth (last fiscal year) 7.27% 5.94% —
Revenue growth, 5-year CAGR 6.06% 8.96% 6.75%
Net income growth, 5-year CAGR 6.38% 0.00% 6.44%

Health

Metric IDA OGE Utilities Regulated Electric median
Debt to equity 1.00 1.17 1.53
Current ratio 0.99 0.77 0.81
Net debt to EBITDA 5.28 4.16 5.25

Dividend

Metric IDA OGE Utilities Regulated Electric median
Dividend yield 3.62% 5.16% 4.33%
Payout ratio 0.58 0.94 0.66

Size

Metric IDA OGE Utilities Regulated Electric median
Market cap 7.39b 9.15b 22.90b

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