ARRAY TECHNOLOGIES INC (ARRY) Stock Fundamental Analysis
USA - NASDAQ:ARRY - US04271T1007 - Common Stock
7.93 USD
+0.2 (+2.59%)
We assign a fundamental rating of 5 out of 10 to ARRY. ARRY was compared to 92 industry peers in the Electrical Equipment industry. Both the profitability and the financial health of ARRY get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on ARRY.
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.
In multiple years ARRY reported negative net income over the last 5 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
Looking at the Return On Assets, with a value of -17.24%, ARRY is in line with its industry, outperforming 55.43% of the companies in the same industry.
The Return On Equity of ARRY (-72.79%) is comparable to the rest of the industry.
The Return On Invested Capital of ARRY (9.13%) is better than 82.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -17.24% | ||
| ROE | -72.79% | ||
| ROIC | 9.13% |
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 (10.80%) than 81.52% of its industry peers.
ARRY's Operating Margin has declined in the last couple of years.
ARRY has a Gross Margin (28.19%) which is in line with its industry peers.
ARRY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.8% | ||
| PM (TTM) | N/A | ||
| GM | 28.19% |
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
ARRY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ARRY has more shares outstanding
The number of shares outstanding for ARRY has been increased compared to 5 years ago.
The debt/assets ratio for ARRY is higher compared to a year ago.
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's Altman-Z score of 1.79 is in line compared to the rest of the industry. ARRY outperforms 55.43% of its industry peers.
The Debt to FCF ratio of ARRY is 6.29, which is on the high side as it means it would take ARRY, 6.29 years of fcf income to pay off all of its debts.
ARRY's Debt to FCF ratio of 6.29 is fine compared to the rest of the industry. ARRY outperforms 71.74% of its industry peers.
ARRY has a Debt/Equity ratio of 1.80. This is a high value indicating a heavy dependency on external financing.
ARRY has a worse Debt to Equity ratio (1.80) than 76.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 6.29 | ||
| Altman-Z | 1.79 |
ROIC/WACC1.28
WACC7.13%
2.3 Liquidity
A Current Ratio of 2.22 indicates that ARRY has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.22, ARRY is doing good in the industry, outperforming 63.04% of the companies in the same industry.
ARRY has a Quick Ratio of 1.84. This is a normal value and indicates that ARRY is financially healthy and should not expect problems in meeting its short term obligations.
ARRY's Quick ratio of 1.84 is fine compared to the rest of the industry. ARRY outperforms 69.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.22 | ||
| Quick Ratio | 1.84 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.19% over the past year.
The Earnings Per Share has been growing by 65.57% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 6.36% in the past year.
The Revenue has been growing slightly by 7.17% on average over the past years.
EPS 1Y (TTM)5.19%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%25%
Revenue 1Y (TTM)6.36%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%41.63%
3.2 Future
The Earnings Per Share is expected to grow by 7.62% on average over the next years.
Based on estimates for the next years, ARRY will show a quite strong growth in Revenue. The Revenue will grow by 10.52% on average per year.
EPS Next Y14.9%
EPS Next 2Y23.25%
EPS Next 3Y18.23%
EPS Next 5Y7.62%
Revenue Next Year32.36%
Revenue Next 2Y22.88%
Revenue Next 3Y17.67%
Revenue Next 5Y10.52%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ARRY is valuated reasonably with a Price/Earnings ratio of 11.17.
92.39% of the companies in the same industry are more expensive than ARRY, based on the Price/Earnings ratio.
ARRY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.20.
ARRY is valuated reasonably with a Price/Forward Earnings ratio of 8.85.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 96.74% of the companies listed in the same industry.
ARRY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.71.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.17 | ||
| Fwd PE | 8.85 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ARRY is valued cheaply inside the industry as 95.65% of the companies are valued more expensively.
94.57% of the companies in the same industry are more expensive than ARRY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.98 | ||
| EV/EBITDA | 8.7 |
4.3 Compensation for Growth
The 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 18.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y23.25%
EPS Next 3Y18.23%
5. Dividend
5.1 Amount
No dividends for ARRY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:ARRY (9/17/2025, 11:06:08 AM)
7.93
+0.2 (+2.59%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners111.71%
Inst Owner Change8.87%
Ins Owners0.5%
Ins Owner Change7.7%
Market Cap1.21B
Analysts76.88
Price Target9.24 (16.52%)
Short Float %22.73%
Short Ratio4.38
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)33.72%
Min EPS beat(2)25.01%
Max EPS beat(2)42.44%
EPS beat(4)3
Avg EPS beat(4)19.81%
Min EPS beat(4)-9.27%
Max EPS beat(4)42.44%
EPS beat(8)7
Avg EPS beat(8)72.94%
EPS beat(12)11
Avg EPS beat(12)121.34%
EPS beat(16)13
Avg EPS beat(16)100.29%
Revenue beat(2)2
Avg Revenue beat(2)17.19%
Min Revenue beat(2)12.1%
Max Revenue beat(2)22.27%
Revenue beat(4)3
Avg Revenue beat(4)8.1%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)22.27%
Revenue beat(8)6
Avg Revenue beat(8)5.76%
Revenue beat(12)10
Avg Revenue beat(12)8.8%
Revenue beat(16)13
Avg Revenue beat(16)8%
PT rev (1m)2.67%
PT rev (3m)8.07%
EPS NQ rev (1m)6.56%
EPS NQ rev (3m)17.99%
EPS NY rev (1m)4.24%
EPS NY rev (3m)5.77%
Revenue NQ rev (1m)6.86%
Revenue NQ rev (3m)16.54%
Revenue NY rev (1m)6.59%
Revenue NY rev (3m)8.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.17 | ||
| Fwd PE | 8.85 | ||
| P/S | 1.03 | ||
| P/FCF | 10.98 | ||
| P/OCF | 9.09 | ||
| P/B | 3.32 | ||
| P/tB | 66.03 | ||
| EV/EBITDA | 8.7 |
EPS(TTM)0.71
EY8.95%
EPS(NY)0.9
Fwd EY11.3%
FCF(TTM)0.72
FCFY9.1%
OCF(TTM)0.87
OCFY11.01%
SpS7.67
BVpS2.39
TBVpS0.12
PEG (NY)0.75
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -17.24% | ||
| ROE | -72.79% | ||
| ROCE | 11.78% | ||
| ROIC | 9.13% | ||
| ROICexc | 14.07% | ||
| ROICexgc | 28.04% | ||
| OM | 10.8% | ||
| PM (TTM) | N/A | ||
| GM | 28.19% | ||
| FCFM | 9.41% |
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
ROICexcg growth 3YN/A
ROICexcg 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-Score3
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 6.29 | ||
| Debt/EBITDA | 3.82 | ||
| Cap/Depr | 50.62% | ||
| Cap/Sales | 1.97% | ||
| Interest Coverage | 3.42 | ||
| Cash Conversion | 77.48% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.22 | ||
| Quick Ratio | 1.84 | ||
| Altman-Z | 1.79 |
F-Score3
WACC7.13%
ROIC/WACC1.28
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)5.19%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%25%
EPS Next Y14.9%
EPS Next 2Y23.25%
EPS Next 3Y18.23%
EPS Next 5Y7.62%
Revenue 1Y (TTM)6.36%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%41.63%
Revenue Next Year32.36%
Revenue Next 2Y22.88%
Revenue Next 3Y17.67%
Revenue Next 5Y10.52%
EBIT growth 1Y6.85%
EBIT growth 3YN/A
EBIT growth 5Y3.88%
EBIT Next Year480.73%
EBIT Next 3Y92.79%
EBIT Next 5Y48.66%
FCF growth 1Y-56.35%
FCF growth 3YN/A
FCF growth 5Y-18.84%
OCF growth 1Y-50.39%
OCF growth 3YN/A
OCF growth 5Y-16.79%