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Is this Large Market Cap Stock target price reasonable for Ormat Technologies, Inc. (NYSE:ORA)?

The company in question is, Ormat Technologies, Inc. (NYSE:ORA) currently with a stock price of 47.24 (-0.36% today). The market cap for Ormat Technologies, Inc. is 2376.19, and is in the sector Utilities, and Electric Utilities industry. The target price for Ormat Technologies, Inc. is 48.2. Currently Ormat Technologies, Inc. is trading with a P/E of 16.08, and a forward P/E of 24.39. Average volume for Ormat Technologies, Inc. is 146.9 and so far today it is 52001.

Performance in the last year for Ormat Technologies, Inc. has been 30.35%. For EPS growth, Ormat Technologies, Inc. has seen a growth of 105.80%, and is looking to grow in the next year to 1.83%. More long term stats show that EPS growth has been 27.40% over the last five years and could be 14.70% for the next five years. Ormat Technologies, Inc. has seen sales growth quarter over quarter at 13.80%, with EPS growth quarter over quarter at 70.50%. The 20-day simple moving average is -2.29%, with the 200-day simple moving average coming to 11.23%.

Since the IPO date for Ormat Technologies, Inc. on the 11/11/2004, Ormat Technologies, Inc. has seen performance year to date to be 31.41%. With Ormat Technologies, Inc. trading at 47.24, the dividend yield is 0.59%, and the EPS is 2.95.

So could Ormat Technologies, Inc., be undervalued? Well as said before P/E is 16.08. The PEG is 1.09, P/S is 3.68 and the P/B is at 2.28. The P/cash is 12.34, with P/free cash flow at 62.7.

Ormat Technologies, Inc. ability to deal with debt shows that the current ratio is 2, and the quick ratio is 1.8. This is with long term debt/equity at 0.79, and total debt/equity at 0.85.

In terms of margins, Ormat Technologies, Inc. has a gross margin of 39.20%, an operating margin of 30.70% and a profit margin of 23.00%.Payout ratio for Ormat Technologies, Inc. is 16.50%. Return on assets come to 6.50% with return on investment coming to 9.50%.

Insider ownership for Ormat Technologies, Inc., is at 0.02% and institutional ownership comes to 76.80%. Outstanding shares are at 50.12. While shares float is 45.7. The float short is currently 2.59%, and short ratio is 8.05.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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