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 5,982 - -
Change - 9.22% -5.69% -10.44% 63.9% -10.9% - -
Enterprise Value (EV) 1 6,074 6,650 6,375 6,314 9,151 8,726 8,928 9,161
Change - 9.49% -4.14% -0.96% 44.95% -4.65% 2.31% 2.61%
P/E 72.1x 73.9x 36.4x 33.2x 54.7x 48.1x 39.2x 29.6x
PBR 2.4x 2.6x 1.98x 1.69x 2.64x 2.1x 2.03x 1.87x
PEG - 11.61x 0.5x -17.26x -55.79x 891.39x 1.7x 0.9x
Capitalization / Revenue 6.7x 6.61x 5.51x 4.66x 6.79x 5.08x 5.18x 4.67x
EV / Revenue 9.16x 9.06x 7.69x 7.18x 9.25x 7.41x 7.74x 7.15x
EV / EBITDA 15.1x 15.3x 13.2x 11.5x 15.7x 13.5x 13x 12.1x
EV / EBIT 35.9x 43.5x 38.3x 36.6x 54.1x 43.7x 41.1x 34.8x
EV / FCF -37.9x -23.5x -20.6x -82.3x -32.1x -31.9x -24.5x -35.2x
FCF Yield -2.64% -4.25% -4.85% -1.22% -3.11% -3.13% -4.08% -2.84%
Dividend per Share 2 0.48 0.48 0.48 0.48 0.48 0.4796 0.4796 0.4796
Rate of return 0.61% 0.56% 0.63% 0.71% 0.43% 0.49% 0.49% 0.49%
EPS 2 1.1 1.17 2.08 2.04 2.02 2.021 2.484 3.29
Distribution rate 43.6% 41% 23.1% 23.5% 23.8% 23.7% 19.3% 14.6%
Net sales 1 663.1 734.2 829.4 879.7 989.5 1,178 1,154 1,281
EBITDA 1 401.4 435.5 481.7 550.5 582 645.1 685.6 758.4
EBIT 1 169.4 152.8 166.6 172.5 169.2 199.5 217.4 263.3
Net income 1 62.09 65.84 124.4 123.7 123.9 126.2 156 206.8
Net Debt 1 1,633 1,800 1,801 2,217 2,437 2,744 2,946 3,178
Reference price 2 79.30 86.48 75.79 67.72 110.47 97.28 97.28 97.28
Nbr of stocks (in thousands) 56,002 56,085 60,354 60,494 60,782 61,497 - -
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.($)
48.13x7.41x13.53x0.49% 598.24Cr
-24.99x6.61x12.39x5.25% 1.04TCr
20.3x3.71x8.43x0.15% 844.52Cr
21.83x3.7x11.26x4.78% 538.53Cr
-10.34x94.21x-85.91x-.--% 329.2Cr
22.79x5.42x16.62x2.45% 137.93Cr
15.42x8.71x15.84x - 87Cr
679.91x4.61x13.23x-.--% 68Cr
5.8x - - - 64Cr
7.8x12.9x16.05x5.42% 61Cr
Average 78.67x 16.36x 2.38x 2.32% 376.36Cr
Weighted average by Cap. 21.24x 13.52x 3.07x 2.52%

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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