Ormat Technologies Financials
ORA Stock | 23,650 950.00 4.19% |
Ormat |
Understanding current and past Ormat Technologies Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ormat Technologies' financial statements are interrelated, with each one affecting the others. For example, an increase in Ormat Technologies' assets may result in an increase in income on the income statement.
The data published in Ormat Technologies' official financial statements usually reflect Ormat Technologies' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Ormat Technologies. For example, before you start analyzing numbers published by Ormat accountants, it's critical to develop an understanding of what Ormat Technologies' liquidity, profitability, and earnings quality are in the context of the Utilities space in which it operates.
Please note, the presentation of Ormat Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ormat Technologies' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Ormat Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ormat Technologies. Please utilize our Beneish M Score to check the likelihood of Ormat Technologies' management manipulating its earnings.
Ormat Technologies Stock Summary
Ormat Technologies competes with Elbit Systems, Nice, Tower Semiconductor, Nova, and Enlight Renewable. Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. ORMAT TECHNOLOGIES operates under Utilities - Independent Power Producers classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 1346 people.Foreign Associate | USA |
Instrument | Israel Stock View All |
Exchange | Tel Aviv Stock Exchange |
ISIN | US6866881021 |
Business Address | 6140 Plumas Street, |
Sector | Utilities |
Industry | Utilities - Independent Power Producers |
Benchmark | NYSE Composite |
Website | www.ormat.com |
Phone | 775 356 9029 |
You should never invest in Ormat Technologies without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Ormat Stock, because this is throwing your money away. Analyzing the key information contained in Ormat Technologies' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Ormat Technologies Key Financial Ratios
Generally speaking, Ormat Technologies' financial ratios allow both analysts and investors to convert raw data from Ormat Technologies' financial statements into concise, actionable information that can be used to evaluate the performance of Ormat Technologies over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Ormat Technologies reports annually and quarterly.Return On Equity | 0.0401 | |||
Return On Asset | 0.0252 | |||
Beta | 0.49 |
Ormat Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ormat Technologies's current stock value. Our valuation model uses many indicators to compare Ormat Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ormat Technologies competition to find correlations between indicators driving Ormat Technologies's intrinsic value. More Info.Ormat Technologies is considered to be number one stock in return on equity category among related companies. It is considered to be number one stock in return on asset category among related companies reporting about 0.63 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ormat Technologies is roughly 1.59 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ormat Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ormat Technologies' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ormat Technologies' earnings, one of the primary drivers of an investment's value.Ormat Technologies Systematic Risk
Ormat Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ormat Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Ormat Technologies correlated with the market. If Beta is less than 0 Ormat Technologies generally moves in the opposite direction as compared to the market. If Ormat Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ormat Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ormat Technologies is generally in the same direction as the market. If Beta > 1 Ormat Technologies moves generally in the same direction as, but more than the movement of the benchmark.
About Ormat Technologies Financials
What exactly are Ormat Technologies Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Ormat Technologies' income statement, its balance sheet, and the statement of cash flows. Potential Ormat Technologies investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Ormat Technologies investors may use each financial statement separately, they are all related. The changes in Ormat Technologies's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ormat Technologies's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze Ormat Technologies Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Ormat Technologies is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Ormat has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Ormat Technologies' financials are consistent with your investment objective using the following steps:- Review Ormat Technologies' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Ormat Technologies' liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Ormat Technologies' financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Ormat Technologies' stock is overvalued or undervalued.
Ormat Technologies Thematic Clasifications
Ormat Technologies is part of IT investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Information technology and IT services. Information Technology (IT) companies and IT service providers across different domains
This theme covers Information technology and IT services. Information Technology (IT) companies and IT service providers across different domains. Get More Thematic Ideas
IT | View |
Ormat Technologies April 19, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Ormat Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ormat Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ormat Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Ormat Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ormat Technologies's daily price indicators and compare them against related drivers.
Information Ratio | (0.16) | |||
Maximum Drawdown | 10.85 | |||
Value At Risk | (3.02) | |||
Potential Upside | 2.6 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ormat Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.Note that the Ormat Technologies information on this page should be used as a complementary analysis to other Ormat Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Ormat Stock analysis
When running Ormat Technologies' price analysis, check to measure Ormat Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |