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 6,024 - -
Change - 9.22% -5.69% -10.44% 63.9% -10.29% - -
Enterprise Value (EV) 1 6,074 6,650 6,375 6,314 9,151 8,801 8,850 8,770
Change - 9.49% -4.14% -0.96% 44.95% -3.83% 0.56% -0.91%
P/E 72.1x 73.9x 36.4x 33.2x 54.7x 53.3x 39.8x 31.3x
PBR 2.4x 2.6x 1.98x 1.69x 2.64x 2.09x 1.98x 1.97x
PEG - 11.61x 0.5x -17.26x -55.79x -5.95x 1.2x 1.1x
Capitalization / Revenue 6.7x 6.61x 5.51x 4.66x 6.79x 5.25x 5.12x 4.61x
EV / Revenue 9.16x 9.06x 7.69x 7.18x 9.25x 7.67x 7.53x 6.71x
EV / EBITDA 15.1x 15.3x 13.2x 11.5x 15.7x 13.9x 13x 11.8x
EV / EBIT 35.9x 43.5x 38.3x 36.6x 54.1x 46.2x 41x 34.8x
EV / FCF -37.9x -23.5x -20.6x -82.3x -32.1x -52.6x 103x 46.2x
FCF Yield -2.64% -4.25% -4.85% -1.22% -3.11% -1.9% 0.98% 2.17%
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% 0.49% 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 98.02 98.02 98.02
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
53.06x7.65x13.86x0.49% 6B
-36.25x5.59x12.76x4.73% 11.41B
21.07x3.62x8.54x0.3% 8.1B
22.66x3.77x12.18x4.4% 5.72B
-12.37x95.43x-33.97x-.--% 3.63B
22.95x5.23x16x2.3% 1.3B
113.88x4.69x13.45x-.--% 1.05B
13.92x7.18x14.03x - 816M
5.96x - - - 649M
8.53x13.17x18.33x5.15% 636M
Average 21.34x 16.26x 8.36x 2.17% 3.93B
Weighted average by Cap. 8.40x 13.78x 7.82x 2.4%

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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