IDACORP Inc. Common Stock (IDA)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at IDACORP as a regulated electric utility with a narrow but real franchise: it generates, transmits, and distributes power across southern Idaho and parts of eastern Oregon. Regulation protects it from ruinous competition, but it also caps returns. The filed numbers show slow progress: in fiscal 2025, revenue was $1.7B, net income was $323.5M, and diluted EPS was $5.90, up from fiscal 2024 net income of $289.2M and diluted EPS of $5.50, and fiscal 2023 net income of $261.2M and diluted EPS of $5.14. That is respectable single-digit growth, not a high-growth story. The FairStock Lynch category calls it a slow grower, with profit growing 6.4% a year over five years and revenue 6.3%. The balance sheet and cash generation give me pause. Trailing free cash flow is negative $973.1M, a negative 12.9% free cash flow yield, and debt-to-equity is 1.06. Utilities often burn cash while investing in rate base, but the Altman Z-Score of 1.02 and ROCE of 2.43% show thin returns and debt reliance. Piotroski F-Score is 7/9, so accounting quality is not poor. ROE of 9.44% is acceptable but not special. Valuation is the sticking point. At the 2026-10-13 close of $137.03, FairStock calculates P/E of 22.72, P/B of 2.04, PEG of 3.20, and a Graham Number of $95.53, leaving a negative 43.44% margin of safety. Dividend yield is 2.68%. I would want a wider discount for slow growth and negative free cash flow. The business is steady; the price asks for more than the numbers currently support.

In plain English: IDACORP sells electricity to homes and businesses in Idaho and nearby areas. The business is stable and profitable, but it spends a lot of money on power plants and equipment, so its cash flow after spending is negative and it carries a fair amount of debt. At the recent price, the stock looks expensive compared with its earnings, dividend, and asset value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · fiscal Q3 2024 10-Q (period ended 2024-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer