We are reaffirming our $50 per share fair value estimate for Portland General after reviewing the company's first-quarter earnings and its 2025 general rate case filing. We also are reaffirming our narrow moat rating.
Management continues to find areas to invest in system upgrades, renewable energy, and energy storage with strong political and regulatory support.
Fluctuations in purchased power costs could mean lower profits for shareholders, even with the company's power cost adjustment mechanism.
|
Metric
|
POR
|
XEL
|
EIX
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.19 | 15.75 | 15.40 |
Price/Book Value | 1.29 | 1.70 | 1.98 |
Price/Sales | 1.40 | 2.19 | 1.68 |
Price/Cash Flow | 6.12 | 6.84 | 6.74 |
|
Metric
|
POR
|
XEL
|
EIX
|
|---|---|---|---|
Quick Ratio | 0.66 | 0.48 | 0.36 |
Current Ratio | 1.22 | 0.86 | 0.79 |
Interest Coverage | 2.71 | 2.63 | 1.77 |
|
Metric
|
POR
|
XEL
|
EIX
|
|---|---|---|---|
Return on Assets (Normalized) | 2.27% | 2.95% | 2.29% |
Return on Equity (Normalized) | 7.48% | 10.73% | 13.29% |
Return on Invested Capital (Normalized) | 5.33% | 6.04% | 5.89% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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D
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