Company Valuation: Ormat Technologies, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,441 4,850 4,574 4,097 6,715 6,108 - -
Change - 9.22% -5.69% -10.44% 63.9% -9.03% - -
Enterprise Value (EV) 1 6,074 6,650 6,375 6,314 9,151 8,886 8,935 8,855
Change - 9.49% -4.14% -0.96% 44.95% -2.9% 0.56% -0.9%
P/E 72.1x 73.9x 36.4x 33.2x 54.7x 54.1x 40.4x 31.7x
PBR 2.4x 2.6x 1.98x 1.69x 2.64x 2.12x 2.01x 1.99x
PEG - 11.61x 0.5x -17.26x -55.79x -6.04x 1.2x 1.2x
Capitalization / Revenue 6.7x 6.61x 5.51x 4.66x 6.79x 5.33x 5.2x 4.68x
EV / Revenue 9.16x 9.06x 7.69x 7.18x 9.25x 7.75x 7.6x 6.78x
EV / EBITDA 15.1x 15.3x 13.2x 11.5x 15.7x 14x 13.2x 11.9x
EV / EBIT 35.9x 43.5x 38.3x 36.6x 54.1x 46.7x 41.3x 35.1x
EV / FCF -37.9x -23.5x -20.6x -82.3x -32.1x -53.1x 104x 46.6x
FCF Yield -2.64% -4.25% -4.85% -1.22% -3.11% -1.88% 0.97% 2.15%
Dividend per Share 2 0.48 0.48 0.48 0.48 0.48 0.4796 0.4939 0.5046
Rate of return 0.61% 0.56% 0.63% 0.71% 0.43% 0.48% 0.5% 0.51%
EPS 2 1.1 1.17 2.08 2.04 2.02 1.839 2.463 3.134
Distribution rate 43.6% 41% 23.1% 23.5% 23.8% 26.1% 20.1% 16.1%
Net sales 1 663.1 734.2 829.4 879.7 989.5 1,147 1,175 1,306
EBITDA 1 401.4 435.5 481.7 550.5 582 633.1 679.2 741.6
EBIT 1 169.4 152.8 166.6 172.5 169.2 190.4 216.1 252.1
Net income 1 62.09 65.84 124.4 123.7 123.9 112.2 154.7 200.2
Net Debt 1 1,633 1,800 1,801 2,217 2,437 2,777 2,827 2,746
Reference price 2 79.30 86.48 75.79 67.72 110.47 99.40 99.40 99.40
Nbr of stocks (in thousands) 56,002 56,085 60,354 60,494 60,782 61,454 - -
Announcement Date 23/02/22 22/02/23 21/02/24 26/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
54.05x7.75x14.04x0.48% 6.11B
-79.83x6.7x13.04x4.7% 11.47B
23.07x3.63x8.59x0.34% 8.01B
23.29x3.86x12.52x4.28% 5.8B
-16.09x116.24x-41.37x-.--% 4.72B
23.64x5.35x16.38x2.23% 1.33B
109.12x4.66x13.36x-.--% 1.02B
13.86x7.16x14x - 806M
6.08x - - - 658M
Average 17.46x 19.42x 6.32x 1.72% 4.44B
Weighted average by Cap. -4.61x 18.90x 5.81x 2.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Ormat Technologies, Inc.