ARRAY TECHNOLOGIES INC (ARRY) Fundamental Analysis & Valuation

NASDAQ:ARRY • US04271T1007

Current stock price

6.66 USD
-0.27 (-3.9%)
At close:
6.68 USD
+0.02 (+0.3%)
After Hours:

This ARRY fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. ARRY Profitability Analysis

1.1 Basic Checks

  • In the past year ARRY was profitable.
  • In the past year ARRY had a positive cash flow from operations.
  • ARRY had negative earnings in 4 of the past 5 years.
  • ARRY had a positive operating cash flow in 4 of the past 5 years.
ARRY Yearly Net Income VS EBIT VS OCF VS FCFARRY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M

1.2 Ratios

  • ARRY has a Return On Assets of -7.72%. This is comparable to the rest of the industry: ARRY outperforms 58.24% of its industry peers.
  • With a Return On Equity value of -43.03%, ARRY perfoms like the industry average, outperforming 47.25% of the companies in the same industry.
  • ARRY's Return On Invested Capital of 7.58% is amongst the best of the industry. ARRY outperforms 81.32% of its industry peers.
Industry RankSector Rank
ROA -7.72%
ROE -43.03%
ROIC 7.58%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ARRY Yearly ROA, ROE, ROICARRY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60 -80 -100

1.3 Margins

  • Looking at the Operating Margin, with a value of 8.03%, ARRY is in the better half of the industry, outperforming 78.02% of the companies in the same industry.
  • ARRY's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 25.55%, ARRY is in line with its industry, outperforming 51.65% of the companies in the same industry.
  • ARRY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.03%
PM (TTM) N/A
GM 25.55%
OM growth 3YN/A
OM growth 5Y-5.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.55%
GM growth 5Y1.91%
ARRY Yearly Profit, Operating, Gross MarginsARRY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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4

2. ARRY Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ARRY is destroying value.
  • There is no outstanding debt for ARRY. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ARRY Yearly Shares OutstandingARRY Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
ARRY Yearly Total Debt VS Total AssetsARRY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.65, we must say that ARRY is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 1.65, ARRY perfoms like the industry average, outperforming 56.04% of the companies in the same industry.
  • The Debt to FCF ratio of ARRY is 8.91, which is on the high side as it means it would take ARRY, 8.91 years of fcf income to pay off all of its debts.
  • ARRY has a better Debt to FCF ratio (8.91) than 69.23% of its industry peers.
  • ARRY has a Debt/Equity ratio of 2.69. This is a high value indicating a heavy dependency on external financing.
  • ARRY has a worse Debt to Equity ratio (2.69) than 68.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF 8.91
Altman-Z 1.65
ROIC/WACC0.99
WACC7.63%
ARRY Yearly LT Debt VS Equity VS FCFARRY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M

2.3 Liquidity

  • ARRY has a Current Ratio of 2.31. This indicates that ARRY is financially healthy and has no problem in meeting its short term obligations.
  • ARRY's Current ratio of 2.31 is fine compared to the rest of the industry. ARRY outperforms 67.03% of its industry peers.
  • A Quick Ratio of 1.91 indicates that ARRY should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.91, ARRY is in the better half of the industry, outperforming 78.02% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.31
Quick Ratio 1.91
ARRY Yearly Current Assets VS Current LiabilitesARRY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. ARRY Growth Analysis

3.1 Past

  • ARRY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.56%, which is quite good.
  • ARRY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.17% yearly.
  • Looking at the last year, ARRY shows a very strong growth in Revenue. The Revenue has grown by 40.22%.
  • Measured over the past years, ARRY shows a quite strong growth in Revenue. The Revenue has been growing by 8.03% on average per year.
EPS 1Y (TTM)13.56%
EPS 3Y24.17%
EPS 5YN/A
EPS Q2Q%-106.25%
Revenue 1Y (TTM)40.22%
Revenue growth 3Y-7.78%
Revenue growth 5Y8.03%
Sales Q2Q%-17.87%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.77% on average over the next years.
  • The Revenue is expected to grow by 5.88% on average over the next years.
EPS Next Y8.24%
EPS Next 2Y15.44%
EPS Next 3Y14.1%
EPS Next 5Y4.77%
Revenue Next Year14.79%
Revenue Next 2Y11.23%
Revenue Next 3Y9.22%
Revenue Next 5Y5.88%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ARRY Yearly Revenue VS EstimatesARRY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B
ARRY Yearly EPS VS EstimatesARRY Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.2 0.4 0.6 0.8 1

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8

4. ARRY Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.94, the valuation of ARRY can be described as very reasonable.
  • Based on the Price/Earnings ratio, ARRY is valued cheaper than 94.51% of the companies in the same industry.
  • ARRY is valuated cheaply when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 9.18, the valuation of ARRY can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, ARRY is valued cheaper than 94.51% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ARRY to the average of the S&P500 Index (24.04), we can say ARRY is valued rather cheaply.
Industry RankSector Rank
PE 9.94
Fwd PE 9.18
ARRY Price Earnings VS Forward Price EarningsARRY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ARRY is valued cheaply inside the industry as 94.51% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 95.60% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.75
EV/EBITDA 10.15
ARRY Per share dataARRY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • ARRY's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as ARRY's earnings are expected to grow with 14.10% in the coming years.
PEG (NY)1.21
PEG (5Y)N/A
EPS Next 2Y15.44%
EPS Next 3Y14.1%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ARRY Dividend Analysis

5.1 Amount

  • No dividends for ARRY!.
Industry RankSector Rank
Dividend Yield 0%

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ARRY Fundamentals: All Metrics, Ratios and Statistics

ARRAY TECHNOLOGIES INC

NASDAQ:ARRY (3/16/2026, 8:08:13 PM)

After market: 6.68 +0.02 (+0.3%)

6.66

-0.27 (-3.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners133.18%
Inst Owner Change-6.39%
Ins Owners0.51%
Ins Owner Change0.59%
Market Cap1.02B
Revenue(TTM)1.28B
Net Income(TTM)-112.03M
Analysts75.63
Price Target11.33 (70.12%)
Short Float %17.67%
Short Ratio3.97
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.99%
Min EPS beat(2)-11.66%
Max EPS beat(2)45.64%
EPS beat(4)3
Avg EPS beat(4)25.36%
Min EPS beat(4)-11.66%
Max EPS beat(4)45.64%
EPS beat(8)6
Avg EPS beat(8)58.87%
EPS beat(12)10
Avg EPS beat(12)116.21%
EPS beat(16)14
Avg EPS beat(16)110.2%
Revenue beat(2)2
Avg Revenue beat(2)14.27%
Min Revenue beat(2)4.52%
Max Revenue beat(2)24.01%
Revenue beat(4)4
Avg Revenue beat(4)15.73%
Min Revenue beat(4)4.52%
Max Revenue beat(4)24.01%
Revenue beat(8)7
Avg Revenue beat(8)9.57%
Revenue beat(12)10
Avg Revenue beat(12)8.35%
Revenue beat(16)14
Avg Revenue beat(16)10.3%
PT rev (1m)0.73%
PT rev (3m)2.16%
EPS NQ rev (1m)-126.7%
EPS NQ rev (3m)-126.77%
EPS NY rev (1m)-17.29%
EPS NY rev (3m)-16.53%
Revenue NQ rev (1m)-40.05%
Revenue NQ rev (3m)-39.85%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)2.05%
Valuation
Industry RankSector Rank
PE 9.94
Fwd PE 9.18
P/S 0.79
P/FCF 12.75
P/OCF 10
P/B 3.91
P/tB N/A
EV/EBITDA 10.15
EPS(TTM)0.67
EY10.06%
EPS(NY)0.73
Fwd EY10.89%
FCF(TTM)0.52
FCFY7.84%
OCF(TTM)0.67
OCFY10%
SpS8.4
BVpS1.7
TBVpS-0.74
PEG (NY)1.21
PEG (5Y)N/A
Graham Number5.07
Profitability
Industry RankSector Rank
ROA -7.72%
ROE -43.03%
ROCE 9.59%
ROIC 7.58%
ROICexc 9.81%
ROICexgc 17.83%
OM 8.03%
PM (TTM) N/A
GM 25.55%
FCFM 6.22%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-5.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.55%
GM growth 5Y1.91%
F-Score5
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF 8.91
Debt/EBITDA 4.66
Cap/Depr 46.46%
Cap/Sales 1.71%
Interest Coverage 6.42
Cash Conversion 67.69%
Profit Quality N/A
Current Ratio 2.31
Quick Ratio 1.91
Altman-Z 1.65
F-Score5
WACC7.63%
ROIC/WACC0.99
Cap/Depr(3y)37.55%
Cap/Depr(5y)27.25%
Cap/Sales(3y)1.61%
Cap/Sales(5y)1.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.56%
EPS 3Y24.17%
EPS 5YN/A
EPS Q2Q%-106.25%
EPS Next Y8.24%
EPS Next 2Y15.44%
EPS Next 3Y14.1%
EPS Next 5Y4.77%
Revenue 1Y (TTM)40.22%
Revenue growth 3Y-7.78%
Revenue growth 5Y8.03%
Sales Q2Q%-17.87%
Revenue Next Year14.79%
Revenue Next 2Y11.23%
Revenue Next 3Y9.22%
Revenue Next 5Y5.88%
EBIT growth 1Y2.16%
EBIT growth 3YN/A
EBIT growth 5Y1.6%
EBIT Next Year86.32%
EBIT Next 3Y32.49%
EBIT Next 5Y16.53%
FCF growth 1Y-41.05%
FCF growth 3Y-15.2%
FCF growth 5YN/A
OCF growth 1Y-33.9%
OCF growth 3Y-10.4%
OCF growth 5YN/A

ARRAY TECHNOLOGIES INC / ARRY Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ARRAY TECHNOLOGIES INC (ARRY) stock?

ChartMill assigns a fundamental rating of 5 / 10 to ARRY.


What is the valuation status of ARRAY TECHNOLOGIES INC (ARRY) stock?

ChartMill assigns a valuation rating of 8 / 10 to ARRAY TECHNOLOGIES INC (ARRY). This can be considered as Undervalued.


Can you provide the profitability details for ARRAY TECHNOLOGIES INC?

ARRAY TECHNOLOGIES INC (ARRY) has a profitability rating of 4 / 10.


Can you provide the financial health for ARRY stock?

The financial health rating of ARRAY TECHNOLOGIES INC (ARRY) is 4 / 10.


Is the dividend of ARRAY TECHNOLOGIES INC sustainable?

The dividend rating of ARRAY TECHNOLOGIES INC (ARRY) is 0 / 10 and the dividend payout ratio is 0%.