IDACORP Free Cash Flow per Share vs Cash and Equivalents Analysis
IDA Stock | USD 92.28 1.91 2.11% |
IDACORP financial indicator trend analysis is infinitely more than just investigating IDACORP recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IDACORP is a good investment. Please check the relationship between IDACORP Free Cash Flow Per Share and its Cash And Equivalents accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDACORP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.
Free Cash Flow Per Share vs Cash And Equivalents
Free Cash Flow per Share vs Cash and Equivalents Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IDACORP Free Cash Flow per Share account and Cash and Equivalents. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between IDACORP's Free Cash Flow per Share and Cash and Equivalents is -0.15. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Cash and Equivalents in the same time period over historical financial statements of IDACORP, assuming nothing else is changed. The correlation between historical values of IDACORP's Free Cash Flow per Share and Cash and Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of IDACORP are associated (or correlated) with its Cash and Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash and Equivalents has no effect on the direction of Free Cash Flow per Share i.e., IDACORP's Free Cash Flow per Share and Cash and Equivalents go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Cash And Equivalents
Most indicators from IDACORP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IDACORP current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDACORP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.The current year's Enterprise Value is expected to grow to about 2.7 B, whereas Selling General Administrative is forecasted to decline to about 6.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 332.2M | 330.1M | 316.8M | 458.3M | Total Revenue | 1.5B | 1.6B | 1.8B | 1.2B |
IDACORP fundamental ratios Correlations
Click cells to compare fundamentals
IDACORP Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IDACORP fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 50.5M | 50.6M | 50.6M | 50.7M | 50.8M | 46.4M | |
Total Assets | 6.6B | 7.1B | 7.2B | 7.5B | 8.5B | 5.1B | |
Short Long Term Debt Total | 1.8B | 2.0B | 2.0B | 2.2B | 2.8B | 1.6B | |
Other Current Liab | 135.7M | 41.9M | 42.3M | 183.6M | 171.5M | 120.7M | |
Total Current Liabilities | 374.9M | 287.6M | 325.6M | 548.6M | 634.1M | 320.1M | |
Total Stockholder Equity | 2.5B | 2.6B | 2.7B | 2.8B | 2.9B | 1.7B | |
Property Plant And Equipment Net | 4.5B | 4.7B | 4.9B | 5.2B | 5.7B | 3.4B | |
Current Deferred Revenue | 28.5M | 29.3M | 43.5M | 72.2M | 104.3M | 109.5M | |
Net Debt | 1.6B | 1.7B | 1.8B | 2.0B | 2.5B | 1.5B | |
Retained Earnings | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.1B | |
Accounts Payable | 110.7M | 120.6M | 146.0M | 292.7M | 308.5M | 323.9M | |
Cash | 217.3M | 275.1M | 215.2M | 177.6M | 327.4M | 343.8M | |
Non Current Assets Total | 6.1B | 6.5B | 6.6B | 6.8B | 7.5B | 4.6B | |
Non Currrent Assets Other | 1.4B | 1.6B | 1.6B | 1.6B | 135.8M | 129.1M | |
Cash And Short Term Investments | 217.3M | 300.1M | 215.2M | 177.6M | 327.4M | 343.8M | |
Net Receivables | 159.1M | 160.1M | 183.4M | 263.9M | 267.0M | 170.6M | |
Common Stock Total Equity | 868.3M | 869.2M | 874.9M | 882.2M | 1.0B | 605.2M | |
Liabilities And Stockholders Equity | 6.6B | 7.1B | 7.2B | 7.5B | 8.5B | 5.1B | |
Non Current Liabilities Total | 3.8B | 4.2B | 4.2B | 4.2B | 4.9B | 2.9B | |
Inventory | 114.1M | 96.6M | 95.6M | 107.2M | 160.5M | 168.5M | |
Other Current Assets | 57.0M | 65.4M | 76.9M | 120.4M | 226.3M | 237.6M | |
Other Stockholder Equity | (1.9M) | 2.6B | 6.8M | 2.9B | 2.6B | 2.7B | |
Total Liab | 4.2B | 4.5B | 4.5B | 4.7B | 5.6B | 3.4B | |
Property Plant And Equipment Gross | 4.5B | 4.7B | 4.9B | 5.2B | 8.3B | 8.7B | |
Total Current Assets | 565.1M | 642.4M | 595.9M | 693.7M | 1.0B | 506.8M | |
Accumulated Other Comprehensive Income | (36.3M) | (43.4M) | (40.0M) | (12.9M) | (17.2M) | (18.0M) | |
Short Term Debt | 100M | 95.8M | 93.9M | 0.0 | 49.8M | 90.0M | |
Common Stock | 868.3M | 869.2M | 874.9M | 882.2M | 888.6M | 618.7M | |
Other Liab | 2.1B | 2.2B | 2.2B | 2.0B | 2.3B | 1.2B | |
Other Assets | 1.4B | 1.6B | 1.6B | 1.6B | 1.8B | 1.1B | |
Long Term Debt | 1.7B | 2.0B | 2.0B | 2.2B | 2.8B | 1.6B | |
Property Plant Equipment | 4.5B | 4.7B | 4.9B | 5.2B | 5.9B | 3.7B | |
Noncontrolling Interest In Consolidated Entity | 5.9M | 6.5M | 6.8M | 7.4M | 8.5M | 4.5M | |
Retained Earnings Total Equity | 1.6B | 1.7B | 1.8B | 1.9B | 2.2B | 1.3B | |
Deferred Long Term Liab | 746.2M | 800.3M | 842.4M | 873.9M | 1.0B | 764.9M |
IDACORP Investors Sentiment
The influence of IDACORP's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in IDACORP. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to IDACORP's public news can be used to forecast risks associated with an investment in IDACORP. The trend in average sentiment can be used to explain how an investor holding IDACORP can time the market purely based on public headlines and social activities around IDACORP. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
IDACORP's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for IDACORP's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average IDACORP's news discussions. The higher the estimated score, the more favorable is the investor's outlook on IDACORP.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IDACORP in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IDACORP's short interest history, or implied volatility extrapolated from IDACORP options trading.
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDACORP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade IDACORP Stock refer to our How to Trade IDACORP Stock guide.Note that the IDACORP information on this page should be used as a complementary analysis to other IDACORP's 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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When running IDACORP's price analysis, check to measure IDACORP's 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 IDACORP is operating at the current time. Most of IDACORP's value examination focuses on studying past and present price action to predict the probability of IDACORP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDACORP's price. Additionally, you may evaluate how the addition of IDACORP to your portfolios can decrease your overall portfolio volatility.
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Is IDACORP's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IDACORP. If investors know IDACORP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IDACORP listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Dividend Share 3.2 | Earnings Share 5.14 | Revenue Per Share 34.828 | Quarterly Revenue Growth (0.03) |
The market value of IDACORP is measured differently than its book value, which is the value of IDACORP that is recorded on the company's balance sheet. Investors also form their own opinion of IDACORP's value that differs from its market value or its book value, called intrinsic value, which is IDACORP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IDACORP's market value can be influenced by many factors that don't directly affect IDACORP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IDACORP's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDACORP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDACORP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.