IDACORP IDA
United StatesUtilities · Utilities - Regulated ElectricUSD
157.33 USD (+19.2%)
9 analysts
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IDACORP, Inc. is a holding company that, through its subsidiary Idaho Power, generates, transmits, and distributes electricity to residential, commercial, and industrial customers in southern Idaho and eastern Oregon, operating as a regulated electric utility.
Key points
from its scores- ✓Favourable backdrop7.9
- ✓Attractive dividend7.0
- ✕Little competitive advantage3.5
- ✕Demanding valuation3.8
- !Weak share-price trend5.1
AI analysis
bottom line, main risk, context and newsRegulatory stability and a sustainable dividend offset high leverage and rising interest rate pressure, but the potential for revaluation is limited.
IDACORP presents acceptable financial health (6.61) but with high leverage (Net Debt/EBITDA of 5.81) and negative free cash flow conversion (-180.73%), reflecting an intense investment program. Valuation (P/E 21.90) is in line with the sector, and the dividend (payout 58.04%) is sustainable, although earnings growth is modest (1.70%).
The main risk is the high leverage (Net Debt/EBITDA of 5.81) in a rising interest rate environment, which could increase financial costs and pressure cash flow, along with dependence on regulatory approvals to recover capital investments.
Context and risks
IDACORP's business is subject to tariff regulation in Idaho and Oregon, where rate-setting by state regulators directly determines its profitability. Although the regulatory framework is stable, pressure on tariffs and the need for approvals for large capital investments represent an inherent risk to the business model of a regulated utility.
Is IDACORP stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 28% above the Utilities median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 21.9 | 19.1 | +15% |
| EV / EBITDA | 17.1 | 12.2 | +40% |
| Price / book | 2.0 | 1.9 | +1% |
| Price / sales | 4.2 | 2.6 | +64% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.8 out of 10 (median for Utilities: 4.8).
Average analyst target: 157.33 USD, +19.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.5 (sector 3.8), Growth 5.2 (sector 5.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Utilities medianValuation
- P/E
- 21.9
- Forward P/E
- 19.0
- EV / EBITDA
- 17.1
- Price / book
- 2.0
- Price / sales
- 4.2
- PEG
- 1.84
- Market cap
- 7.6B USD
- Enterprise value
- 11.6B USD
Profitability
- ROE
- 9.4%
- ROA
- 2.4%
- ROIC (approx.)
- 6.3%
- Gross margin
- 39.0%
- Operating margin
- 27.5%
- Net margin
- 18.8%
- Free cash flow
- −1.2B USD
- FCF yield
- −16.0%
- Cash conversion
- −181%
Solvency
- Total debt
- 4.0B USD
- Net debt
- 3.9B USD
- Cash
- 83.6M USD
- EBITDA
- 675.8M USD
- Net debt / EBITDA
- 5.81
- Debt / equity
- 105.98
- Current ratio
- 0.99
- Quick ratio
- 0.43
Growth
- Revenue growth
- +4.2%
- Earnings growth
- +1.7%
- EPS (TTM)
- 6.03 USD
- EPS (forward)
- 6.95 USD
Dividend
- Dividend yield
- 2.7%
- Payout
- 58.0%
Risk and market
- Beta
- 0.48
- Analyst consensus
- Buy (9)
- Target price
- 157.33 USD
- 52-week range
- 124.12 – 154.91
Recent news
All IDA news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about IDACORP
Is IDACORP stock cheap or expensive?
On P/E and EV / EBITDA, it trades 28% above the Utilities median on average. Valuation score: 3.8 out of 10 (median for Utilities: 4.8). Average analyst target: 157.33 USD, +19.2% versus the price. This is not investment advice.
What score does IDACORP get on MeridIAn Screener?
It scores 5.7 out of 10, rank 1,251 of 2,130 (better than 39% of the companies analysed). Its strongest category is Risk & Context (7.9) and its weakest, Quality / Moat (3.5). Analysis of 08/10/2026.
What is IDACORP's P/E ratio?
Its P/E is 21.9: the share price equals 21.9 times earnings per share over the last 12 months. The Utilities median is 19.1. Based on the earnings analysts expect, the forward P/E is 19.0.
How much is IDACORP worth on the stock market?
Its market capitalisation is 7.6B USD and its enterprise value, debt included, is 11.6B USD.
How much debt does IDACORP have?
Its net debt (debt minus cash) is 3.9B USD. That is 5.81 times its EBITDA; the Utilities median is 5.33.
Does IDACORP pay a dividend?
Yes: its dividend yield is 2.67% and it pays out 58% of its earnings.
How has IDACORP stock performed over the last year?
It has risen 0.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 124.12 and 154.91 USD. Past performance does not guarantee future results.
What do analysts think of IDACORP?
9 analysts cover it; their average recommendation is “Buy” and their average target is 157.33 USD (+19.2% versus the price). It is an estimate, not market data.