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IDACORP Inc (IDA) Fair Value & Analysis

Utilities · US · Market cap $8.3B · ISIN US4511071064

What is IDACORP Inc really worth?

II IDACORP Inc logo IDACORP Inc IDA · US
Price$136.12
Fair Value$55.98
Upside−58.9%
Quality42/100

Below-average quality, and trading another 143% above our fair value of $55.98.

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Strengths

Solidly profitable · 18.6% net margin

Risks

!Expensive Growth (revenue 5y +6.1 %/yr)
!Moderate debt · negative free cash flow
!Trails peers (4/14)
!Moderate moat 61/100

For context

·2.56% dividend yield
Evidence: High Range $35.95 – $85.53

Fair value as of: Aug 19, 2026

From 15 valuation models · updated 16 days ago

Share price −5.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($85.53). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range ($35.95 to $85.53) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$154.55 $81.37 Fair Value $55.98 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range $81.37 – $154.55 · fair‑value band $35.95 – $85.53 · the $136.12 price screens above the $55.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

IDACORP Inc (IDA) currently trades at $136.12, while our model-based Fair Value estimate is $55.98, implying the stock looks roughly 143.1% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $86.22 per share, and 0 of the 15 models we run sit above the $136.12 price. Bear case: the Economic Profit group reads lowest at $11.59, and 15 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, IDACORP Inc generated revenue of $1.8B at a net margin of 18.6%. Revenue declined 6.7% year over year. It earns a return on equity of 9.5%. Net debt stands at $3.4B. Fundamentals as of Aug 19, 2026

Our scenario range runs from $35.95 (bear case) to $85.53 (bull case); at $136.12, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 26% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −37% fair-value upside, at −59%, IDA screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.72 per share, which is 3.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence $54.72 $59.49 $73.03 76
Gordon GGM $29.88 $50.01 $73.10 67
DDM Multi-Stage $29.88 $43.54 $58.02 67
All 15 models by family
Earnings-Based
Graham-Dodd $39.70 $93.39 $120.20 65
PEG = 1.0 $16.06 $22.94 $29.83 57
EPV $2.34 $11.59 $19.56 66
Dividend Discount
Gordon GGM $29.88 $50.01 $73.10 67
DDM Multi-Stage $29.88 $43.54 $58.02 67
Multiples
P/E Multiple $78.81 $105.08 $131.35 63
P/S Multiple $61.35 $81.80 $102.25 58
P/B Multiple $74.43 $99.25 $124.06 55
EV/EBIT $24.30 $51.14 $77.98 62
EV/EBITDA $32.44 $61.99 $91.54 64
EV/Revenue $1.04 $25.58 $50.12 46
Asset-Based
NCAV (Graham) $32.23 $43.19 $64.46 54
Economic Profit
Residual Income best evidence $54.72 $59.49 $73.03 76
ROIC Compounder $2.34 $11.59 $19.56 66
Growth Earnings
Growth-Adj P/E $60.36 $86.22 $112.09 67

Widest divergence: Growth Earnings ($86.22) versus Economic Profit ($11.59). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 22.6
P/S ratio 4.04 P/E × margin
EPS (TTM) $6.01 price ÷ EPS = P/E 22.6
Dividend yield 2.6% payout 57.9%
Net margin 17.8% FY2025
Return on equity 9.5% TTM
More key figures
Profitability
Return on assets (EBIT) 4.0% avg 5y
Operating margin 19.7% TTM
Growth
Revenue (TTM) $1.8B TTM
Revenue growth (YoY) −6.7% 3y avg +3.3%
EPS growth (YoY) +10.0%
Balance sheet & cash flow
Free cash flow −$577M FY2025
Net debt $3.4B FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 39 · Market factors (momentum, volatility) 61

Profitability 32
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 47
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States.

Full company description

IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; and three natural gas-fired plants situated in southern Idaho, as well as interests in a coal-fired and natural gas-fired steam generating plant located in Wyoming; and interests in a coal-fired steam generating plant situated in Nevada. As of December 31, 2025, it had approximately 4,730 pole miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 12 switching stations; 31 mixed-use transmission and distribution substations; 188 energized distribution substations; approximately 30,020 linear miles of distribution lines; and a capacity of 1,228 MWh of battery storage. The company provides electric utility services to approximately 664,000 retail customers in southern Idaho and eastern Oregon. It serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, education, and information technology. The company also invests in housing and other real estate tax credit investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IDACORP Inc reported revenue of $1.8B in FY2025 versus $1.5B in FY2021, a compound +5.6%/yr. Reported net income was $323M in FY2025, compounding +7.1%/yr from FY2021.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$1.8B
Latest YoY
−0.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.1%
Avg. revenue growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+7.3% (4.7 + 2.6)
Revenue +5.6%/yr
FY21 $1.5B
FY22 $1.6B
FY23 $1.8B
FY24 $1.8B
FY25 $1.8B
Net income +7.1%/yr
FY21 $246M
FY22 $259M
FY23 $261M
FY24 $289M
FY25 $323M
Character of growth · EPS growth decomposed (2014-2025) +4.0 % p.a.
Revenue per share +3.4 %

of which total revenue +3.9 % · buybacks/dilution −0.5 %

EBIT margin −1.2 %
Tax rate +1.4 %
Residual (interest, one-offs) +0.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

IDA screens 143% overvalued. Compare with NextEra Energy, Inc →

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Cite: Fair Value Calculator (2026). "IDACORP Inc Fair Value". https://www.fairvalue-calculator.com/stock/IDA

Peer Group

Utilities - Regulated Electric · 153 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Below median
Fair Value upside −59% · Bottom 25%
Return on equity (TTM) 10% · Below median
Return on assets 2% · Below median
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 20% · Above median
Revenue growth −7% · Bottom 25%
Dividend yield (TTM) 2.6% · Below median
Debt / equity 0.93× · Lower than median

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 22.6× · Pricier than median
P/B 2.34× · Pricier than 75% of peers
P/S (TTM) 4.68× · Pricier than 75% of peers
EV/EBITDA 17.9× · Pricier than 75% of peers
PEG 2.31× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 32
PAST38 · sector 39
HEALTH53 · sector 52
DIVIDEND51 · sector 65

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $83.47 $32.94 −61%
The Southern Company SO $88.25 $58.81 −33%
Duke Energy Corporation DUK $120.25 $74.89 −38%
National Grid plc NGG $80.68 $63.94 −21%
American Electric Power Company AEP $122.96 $77.23 −37%
Dominion Energy, Inc D $66.01 $46.34 −30%
Entergy Corporation ETR $105.75 $52.92 −50%
Xcel Energy Inc XEL $76.34 $44.61 −42%
Exelon Corporation EXC $43.96 $37.60 −14%
Endesa, S.A ELE €42.30 €25.72 −39%

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Frequently asked questions

Is IDACORP Inc (IDA) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of $55.98 versus a price of $136.12, about −59% upside (overvalued).
What is the fair value of IDA?
Our model-based fair value for IDACORP Inc is $55.98 (as of Aug 19, 2026), built from audited fundamentals. The current price: $136.12.
What is the quality score of IDA?
IDACORP Inc has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of IDACORP Inc (IDA)?
IDACORP Inc reported trailing-twelve-month revenue of about $1.8B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of IDA?
The net profit margin of IDACORP Inc is about 18.6%, meaning it keeps roughly 18.6% of revenue as net income. Based on the latest reported figures.
Does IDACORP Inc pay a dividend?
IDACORP Inc currently shows a dividend yield of about 2.56% relative to its recent price (as of Aug 19, 2026).
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