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Idacorp (Idacorp) Earnings Yield (Joel Greenblatt) %

: 5.42% (As of Dec. 2023)
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Idacorp's Enterprise Value for the quarter that ended in Dec. 2023 was $7,482 Mil. Idacorp's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $406 Mil. Idacorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.42%.

The historical rank and industry rank for Idacorp's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

IDA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.52   Med: 5.52   Max: 8.31
Current: 5.65

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Idacorp was 8.31%. The lowest was 4.52%. And the median was 5.52%.

IDA's Earnings Yield (Joel Greenblatt) % is ranked worse than
59.08% of 523 companies
in the Utilities - Regulated industry
Industry Median: 7.08 vs IDA: 5.65

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Idacorp's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 2.99%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Idacorp Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Idacorp's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Idacorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.91 5.40 4.92 5.17 5.42

Idacorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.17 5.19 5.46 5.84 5.42

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Idacorp's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Idacorp Earnings Yield (Joel Greenblatt) % Distribution

For the Utilities - Regulated industry and Utilities sector, Idacorp's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Idacorp's Earnings Yield (Joel Greenblatt) % falls into.



Idacorp Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Idacorps Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=405.646/7481.821464
=5.42 %

Idacorp's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $406 Mil.



Idacorp  (NYSE:IDA) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Idacorp Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Idacorp's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Idacorp (Idacorp) Business Description

Industry
Traded in Other Exchanges
Address
1221 West Idaho Street, Boise, ID, USA, 83702-5627
Idacorp Inc is a holding company that, through its subsidiaries, acts as an electric utility engaged in the generation, transmission, distribution, sale, and purchase of electric energy and capacity. To do this, Idacorp owns and operates a portfolio of hydroelectric, coal-fired, gas-fired, and diesel-fired power plants located across the Northwestern United States. The company's hydroelectric and coal-fired plants are responsible for Majority of its total energy production. Idacorp mainly generates revenue from the sale of electricity to retail and wholesale customers. The Majority of the company's customers are residential consumers living in the Northwestern United States, while commercial and industrial consumers also represent important revenue streams.
Executives
Jeffrey L Malmen officer: Vice President-Public Affairs 1221 WEST IDAHO STREET, BOISE ID 83702
Mitchel D Colburn officer: VP of Plan, Eng, & Const (IPC) 1221 W IDAHO ST, BOISE ID 83702
Nate Jorgensen director PO BOX 50, BOISE ID 83728-0050
Susan Morris director ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Julia A Hilton officer: VP and General Counsel 1221 W IDAHO ST, BOISE ID 83702
Dennis L Johnson director 1221 W IDAHO ST, BOISE ID 83702
Jeff C Kinneeveauk director 7300 EAST EARLL DRIVE, #3022, SCOTTSDALE AZ 85251
Mark T Peters director 884 NEIL AVENUE, COLUMBUS OH 43215
Odette C Bolano director 1726 N MOCKBEE PL, BOISE ID 83702
Christine King director AMIS HOLDINGS, INC., 2300 BUCKSKIN RD, POCATELLO ID 83201
Tom J Harvey officer: VP of Power Supply (IPC) 1221 W IDAHO ST, BOISE ID 83702
Darrel T Anderson officer: VP, CFO & Treasurer 1221 W IDAHO ST, BOISE ID 83702
Richard J Dahl director DOLE FOOD CO, 1 DOLE DRIVE, WESTLAKE CA 91362
Sarah E Griffin officer: VP of Human Resources 1221 W IDAHO ST, BOISE ID 83702
Hanchey James Bo D officer: VP of Cust Op & CSO 1221 W IDAHO ST, BOISE ID 83702

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