8.01 USD
+0.09 (+1.14%)
8 USD
-0.01 (-0.12%)
Taking everything into account, ARRY scores 5 out of 10 in our fundamental rating. ARRY was compared to 90 industry peers in the Electrical Equipment industry. ARRY has a medium profitability rating, but doesn't score so well on its financial health evaluation. ARRY is growing strongly while it also seems undervalued. This is an interesting combination
1. Profitability
1.1 Basic Checks
ARRY had positive earnings in the past year.
ARRY had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ARRY reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: ARRY reported negative operating cash flow in multiple years.
1.2 Ratios
ARRY has a Return On Assets of -5.72%. This is comparable to the rest of the industry: ARRY outperforms 60.00% of its industry peers.
ARRY has a Return On Equity (-22.77%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 9.59%, ARRY belongs to the top of the industry, outperforming 84.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.72% | ||
| ROE | -22.77% | ||
| ROIC | 9.59% |
ROA(3y)-6.1%
ROA(5y)-3.02%
ROE(3y)-32.93%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ARRY has a better Operating Margin (10.70%) than 80.00% of its industry peers.
In the last couple of years the Operating Margin of ARRY has declined.
ARRY has a Gross Margin of 26.82%. This is comparable to the rest of the industry: ARRY outperforms 55.56% of its industry peers.
ARRY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.7% | ||
| PM (TTM) | N/A | ||
| GM | 26.82% |
OM growth 3YN/A
OM growth 5Y-3.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.56%
GM growth 5Y6.91%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ARRY is still creating some value.
Compared to 1 year ago, ARRY has more shares outstanding
ARRY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ARRY has a worse debt to assets ratio.
2.2 Solvency
ARRY has an Altman-Z score of 1.79. This is a bad value and indicates that ARRY is not financially healthy and even has some risk of bankruptcy.
ARRY has a Altman-Z score (1.79) which is comparable to the rest of the industry.
ARRY has a debt to FCF ratio of 7.72. This is a slightly negative value and a sign of low solvency as ARRY would need 7.72 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 7.72, ARRY is doing good in the industry, outperforming 68.89% of the companies in the same industry.
ARRY has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of ARRY (1.63) is worse than 68.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 7.72 | ||
| Altman-Z | 1.79 |
ROIC/WACC1.33
WACC7.22%
2.3 Liquidity
ARRY has a Current Ratio of 1.89. This is a normal value and indicates that ARRY is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of ARRY (1.89) is comparable to the rest of the industry.
A Quick Ratio of 1.50 indicates that ARRY should not have too much problems paying its short term obligations.
The Quick ratio of ARRY (1.50) is better than 62.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
ARRY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.25%, which is quite impressive.
The Earnings Per Share has been growing by 65.57% on average over the past years. This is a very strong growth
ARRY shows a strong growth in Revenue. In the last year, the Revenue has grown by 35.75%.
The Revenue has been growing slightly by 7.17% on average over the past years.
EPS 1Y (TTM)31.25%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%76.47%
Revenue 1Y (TTM)35.75%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%70.04%
3.2 Future
ARRY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.61% yearly.
ARRY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.95% yearly.
EPS Next Y16.13%
EPS Next 2Y21.35%
EPS Next 3Y19.67%
EPS Next 5Y11.61%
Revenue Next Year39.03%
Revenue Next 2Y25.39%
Revenue Next 3Y18.98%
Revenue Next 5Y11.95%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.54, the valuation of ARRY can be described as reasonable.
95.56% of the companies in the same industry are more expensive than ARRY, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.34. ARRY is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.22, which indicates a very decent valuation of ARRY.
Based on the Price/Forward Earnings ratio, ARRY is valued cheaply inside the industry as 95.56% of the companies are valued more expensively.
ARRY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.54 | ||
| Fwd PE | 9.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ARRY is valued cheaply inside the industry as 94.44% 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 93.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.86 | ||
| EV/EBITDA | 8.99 |
4.3 Compensation for Growth
ARRY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ARRY's earnings are expected to grow with 19.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)N/A
EPS Next 2Y21.35%
EPS Next 3Y19.67%
5. Dividend
5.1 Amount
ARRY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
8.01
+0.09 (+1.14%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners134.89%
Inst Owner Change12.01%
Ins Owners0.5%
Ins Owner Change0.2%
Market Cap1.22B
Revenue(TTM)1.33B
Net Income(TTM)-92.11M
Analysts76.36
Price Target11.09 (38.45%)
Short Float %26.72%
Short Ratio5.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.33%
Min EPS beat(2)25.01%
Max EPS beat(2)45.64%
EPS beat(4)3
Avg EPS beat(4)25.95%
Min EPS beat(4)-9.27%
Max EPS beat(4)45.64%
EPS beat(8)7
Avg EPS beat(8)70.72%
EPS beat(12)11
Avg EPS beat(12)118.82%
EPS beat(16)14
Avg EPS beat(16)104.93%
Revenue beat(2)2
Avg Revenue beat(2)23.14%
Min Revenue beat(2)22.27%
Max Revenue beat(2)24.01%
Revenue beat(4)4
Avg Revenue beat(4)14.72%
Min Revenue beat(4)0.51%
Max Revenue beat(4)24.01%
Revenue beat(8)7
Avg Revenue beat(8)9.8%
Revenue beat(12)10
Avg Revenue beat(12)8.59%
Revenue beat(16)14
Avg Revenue beat(16)10.07%
PT rev (1m)8.87%
PT rev (3m)21.09%
EPS NQ rev (1m)-99.75%
EPS NQ rev (3m)-99.86%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)1.07%
Revenue NQ rev (1m)-2.05%
Revenue NQ rev (3m)-6.38%
Revenue NY rev (1m)4.87%
Revenue NY rev (3m)5.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.54 | ||
| Fwd PE | 9.22 | ||
| P/S | 0.92 | ||
| P/FCF | 13.86 | ||
| P/OCF | 10.57 | ||
| P/B | 3.02 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.99 |
EPS(TTM)0.84
EY10.49%
EPS(NY)0.87
Fwd EY10.85%
FCF(TTM)0.58
FCFY7.21%
OCF(TTM)0.76
OCFY9.46%
SpS8.73
BVpS2.65
TBVpS-0.56
PEG (NY)0.59
PEG (5Y)N/A
Graham Number7.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.72% | ||
| ROE | -22.77% | ||
| ROCE | 12.38% | ||
| ROIC | 9.59% | ||
| ROICexc | 11.87% | ||
| ROICexgc | 25.04% | ||
| OM | 10.7% | ||
| PM (TTM) | N/A | ||
| GM | 26.82% | ||
| FCFM | 6.62% |
ROA(3y)-6.1%
ROA(5y)-3.02%
ROE(3y)-32.93%
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 5Y-46.48%
OM growth 3YN/A
OM growth 5Y-3.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.56%
GM growth 5Y6.91%
F-Score5
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 7.72 | ||
| Debt/EBITDA | 3.52 | ||
| Cap/Depr | 61.76% | ||
| Cap/Sales | 2.06% | ||
| Interest Coverage | 5.22 | ||
| Cash Conversion | 61.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 1.79 |
F-Score5
WACC7.22%
ROIC/WACC1.33
Cap/Depr(3y)25.56%
Cap/Depr(5y)18.91%
Cap/Sales(3y)1.25%
Cap/Sales(5y)0.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)31.25%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%76.47%
EPS Next Y16.13%
EPS Next 2Y21.35%
EPS Next 3Y19.67%
EPS Next 5Y11.61%
Revenue 1Y (TTM)35.75%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%70.04%
Revenue Next Year39.03%
Revenue Next 2Y25.39%
Revenue Next 3Y18.98%
Revenue Next 5Y11.95%
EBIT growth 1Y32.64%
EBIT growth 3YN/A
EBIT growth 5Y3.88%
EBIT Next Year483.31%
EBIT Next 3Y96.85%
EBIT Next 5Y49.43%
FCF growth 1Y-59.88%
FCF growth 3YN/A
FCF growth 5Y-18.84%
OCF growth 1Y-50.86%
OCF growth 3YN/A
OCF growth 5Y-16.79%
ARRAY TECHNOLOGIES INC / ARRY FAQ
What is the ChartMill fundamental rating of ARRAY TECHNOLOGIES INC (ARRY) stock?
ChartMill assigns a fundamental rating of 5 / 10 to ARRY.
Can you provide the valuation status for ARRAY TECHNOLOGIES INC?
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.
What are the PE and PB ratios of ARRAY TECHNOLOGIES INC (ARRY) stock?
The Price/Earnings (PE) ratio for ARRAY TECHNOLOGIES INC (ARRY) is 9.54 and the Price/Book (PB) ratio is 3.02.
How financially healthy is ARRAY TECHNOLOGIES INC?
The financial health rating of ARRAY TECHNOLOGIES INC (ARRY) is 3 / 10.