Avista Corporation Intrinsic Value – AVISTA CORPORATION Reports Q2 FY2023 Earnings of USD 379.9 Million, Up 0.4% Y-o-Y
August 10, 2023
🌥️Earnings Overview
AVISTA ($NYSE:AVA): For the second quarter of FY2023, Avisata Corporation reported total revenue of USD 379.9 million, a 0.4% increase from the same period in FY2022. The company’s net income for the quarter was USD 17.5 million, which is a 52.7% increase year-over-year.
Analysis – Avista Corporation Intrinsic Value
GoodWhale has conducted an analysis of AVISTA CORPORATION‘s financials, and have come to the conclusion that the fair value of the AVISTA CORPORATION share is around $44.3. This price was calculated by our proprietary Valuation Line, which takes into account a variety of financial indicators. Interestingly, the AVISTA CORPORATION stock is currently traded at $38.7, a fair price that is undervalued by 12.6%. This provides a good opportunity for investors looking for a bargain in the stock market. The stock may be a worthwhile investment for those who believe that the fair value of the share will eventually rise to the actual market price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avista Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.72k | 144.49 | 6.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avista Corporation. More…
| Operations | Investing | Financing |
| 187.83 | -474.89 | 281.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avista Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.37k | 4.97k | 31.68 |
Key Ratios Snapshot
Some of the financial key ratios for Avista Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | -2.7% | 14.9% |
| FCF Margin | ROE | ROA |
| -16.3% | 6.7% | 2.2% |
Peers
Utilities company Avista Corp operates in the electricity and natural gas industries in the United States and Canada. The company’s main competitors are Eversource Energy, DTE Energy Co, and NextEra Energy Inc.
– Eversource Energy ($NYSE:ES)
Eversource Energy is a publicly traded energy company headquartered in Boston, Massachusetts. It is the largest energy delivery company in New England. The company has a market cap of 26.4B as of 2022 and a Return on Equity of 9.7%. The company delivers electricity and natural gas to residential, commercial, and industrial customers in Connecticut, Massachusetts, and New Hampshire. It also owns and operates transmission and distribution infrastructure in those states.
– DTE Energy Co ($NYSE:DTE)
DTE Energy Company is a Detroit-based utility engaged in the business of providing electricity and natural gas. The company has two operating segments: Electric and Gas. The Electric segment includes the generation, purchase, distribution, and sale of electricity. The Gas segment includes the purchase, transportation, storage, distribution, and sale of natural gas.
DTE Energy’s market capitalization is $21.67 billion as of 2022. The company’s return on equity is 12.47%.
DTE Energy is one of the largest energy companies in the United States. The company serves approximately 3 million electric customers and 2 million natural gas customers in Michigan.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc’s market cap as of 2022 is 153.61B. The company has a Return on Equity of 6.09%. NextEra Energy Inc is a publicly traded renewable energy company with headquarters in Juno Beach, Florida. The company was founded in 1984 as Florida Power & Light Company (FPL), and changed its name to NextEra Energy in 2010. NextEra Energy is the largest electric utility holding company in the United States by revenue, and is ranked number 127 on the Fortune 500 list. The company owns and operates several nuclear power plants and wind farms, and is the largest producer of solar energy in North America. NextEra Energy also provides electricity to more than 10 million customers through its subsidiaries Florida Power & Light Company, Gulf Power Company, and Nextera Energy Resources.
Summary
AVISTA CORPORATION reported solid second quarter results for FY2023, with total revenue of USD 379.9 million and net income of USD 17.5 million. This represented a 0.4% increase in revenue and a 52.7% increase in net income compared to the same period the year before. The positive earnings results led to a corresponding increase in the stock price, making it an attractive investing opportunity for those looking to diversify their portfolio. With a strong second quarter performance, investors can expect AVISTA CORPORATION to continue to deliver strong returns and remain a desirable stock choice.
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