ATLANTICA SUSTAINABLE INFRAS (AY) Stock Fundamental Analysis
NASDAQ:AY - Nasdaq - GB00BLP5YB54 - Common Stock - Currency: USD
Overall AY gets a fundamental rating of 5 out of 10. We evaluated AY against 20 industry peers in the Independent Power and Renewable Electricity Producers industry. While AY is still in line with the averages on profitability rating, there are concerns on its financial health. AY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
AY had positive earnings in the past year.
In the past year AY had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AY reported negative net income in multiple years.
In the past 5 years AY always reported a positive cash flow from operatings.
1.2 Ratios
AY has a Return On Assets (0.35%) which is in line with its industry peers.
AY has a Return On Equity (2.32%) which is in line with its industry peers.
The Return On Invested Capital of AY (3.65%) is better than 68.18% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AY is in line with the industry average of 3.77%.
The last Return On Invested Capital (3.65%) for AY is above the 3 year average (3.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.35% | ||
| ROE | 2.32% | ||
| ROIC | 3.65% |
ROA(3y)0.04%
ROA(5y)0.18%
ROE(3y)0.25%
ROE(5y)1.13%
ROIC(3y)3%
ROIC(5y)3.33%
1.3 Margins
The Profit Margin of AY (2.59%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AY has remained more or less at the same level.
AY's Operating Margin of 30.88% is amongst the best of the industry. AY outperforms 81.82% of its industry peers.
AY's Operating Margin has declined in the last couple of years.
AY has a Gross Margin of 97.65%. This is amongst the best in the industry. AY outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of AY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.88% | ||
| PM (TTM) | 2.59% | ||
| GM | 97.65% |
OM growth 3Y-5.48%
OM growth 5Y-7.83%
PM growth 3Y49.34%
PM growth 5Y-0.21%
GM growth 3Y1.16%
GM growth 5Y0.67%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AY is destroying value.
AY has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for AY has been increased compared to 5 years ago.
The debt/assets ratio for AY is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.66, we must say that AY is in the distress zone and has some risk of bankruptcy.
AY has a Altman-Z score of 0.66. This is in the better half of the industry: AY outperforms 68.18% of its industry peers.
AY has a debt to FCF ratio of 25.70. This is a negative value and a sign of low solvency as AY would need 25.70 years to pay back of all of its debts.
AY has a better Debt to FCF ratio (25.70) than 77.27% of its industry peers.
AY has a Debt/Equity ratio of 3.76. This is a high value indicating a heavy dependency on external financing.
AY has a worse Debt to Equity ratio (3.76) than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 25.7 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.67
WACC5.44%
2.3 Liquidity
A Current Ratio of 1.25 indicates that AY should not have too much problems paying its short term obligations.
AY has a Current ratio of 1.25. This is comparable to the rest of the industry: AY outperforms 59.09% of its industry peers.
A Quick Ratio of 1.20 indicates that AY should not have too much problems paying its short term obligations.
AY's Quick ratio of 1.20 is in line compared to the rest of the industry. AY outperforms 59.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
AY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.56%.
AY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.48% yearly.
Looking at the last year, AY shows a small growth in Revenue. The Revenue has grown by 5.25% in the last year.
AY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.05% yearly.
EPS 1Y (TTM)-32.56%
EPS 3Y47.83%
EPS 5Y0.48%
EPS Q2Q%-22.22%
Revenue 1Y (TTM)5.25%
Revenue growth 3Y2.77%
Revenue growth 5Y1.05%
Sales Q2Q%14.34%
3.2 Future
AY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.87% yearly.
Based on estimates for the next years, AY will show a small growth in Revenue. The Revenue will grow by 5.93% on average per year.
EPS Next Y-33.79%
EPS Next 2Y42.67%
EPS Next 3Y49.96%
EPS Next 5Y29.87%
Revenue Next Year2.26%
Revenue Next 2Y5.75%
Revenue Next 3Y5.78%
Revenue Next 5Y5.93%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
A Price/Earnings ratio of 75.83 indicates a quite expensive valuation of AY.
AY's Price/Earnings is on the same level as the industry average.
AY is valuated expensively when we compare the Price/Earnings ratio to 26.55, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 25.72 indicates a quite expensive valuation of AY.
Based on the Price/Forward Earnings ratio, AY is valued cheaper than 81.82% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AY to the average of the S&P500 Index (22.30), we can say AY is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.83 | ||
| Fwd PE | 25.72 |
4.2 Price Multiples
AY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AY is cheaper than 90.91% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AY is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.04 | ||
| EV/EBITDA | 9.24 |
4.3 Compensation for Growth
The decent profitability rating of AY may justify a higher PE ratio.
A more expensive valuation may be justified as AY's earnings are expected to grow with 49.96% in the coming years.
PEG (NY)N/A
PEG (5Y)156.96
EPS Next 2Y42.67%
EPS Next 3Y49.96%
5. Dividend
5.1 Amount
AY has a Yearly Dividend Yield of 7.09%, which is a nice return.
Compared to an average industry Dividend Yield of 6.49, AY pays a better dividend. On top of this AY pays more dividend than 90.91% of the companies listed in the same industry.
AY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.09% |
5.2 History
The dividend of AY has a limited annual growth rate of 4.49%.
AY has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of AY decreased recently.
Dividend Growth(5Y)4.49%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
688.97% of the earnings are spent on dividend by AY. This is not a sustainable payout ratio.
AY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP688.97%
EPS Next 2Y42.67%
EPS Next 3Y49.96%
21.99
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners52.02%
Inst Owner Change-47.02%
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap2.55B
Analysts45
Price Target22.27 (1.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.09% |
Yearly Dividend1.78
Dividend Growth(5Y)4.49%
DP688.97%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-56.75%
Min EPS beat(2)-65.15%
Max EPS beat(2)-48.35%
EPS beat(4)2
Avg EPS beat(4)15.74%
Min EPS beat(4)-65.15%
Max EPS beat(4)109.23%
EPS beat(8)5
Avg EPS beat(8)16.85%
EPS beat(12)5
Avg EPS beat(12)-14.06%
EPS beat(16)5
Avg EPS beat(16)-36.05%
Revenue beat(2)1
Avg Revenue beat(2)0.8%
Min Revenue beat(2)-2.37%
Max Revenue beat(2)3.97%
Revenue beat(4)1
Avg Revenue beat(4)-0.86%
Min Revenue beat(4)-2.82%
Max Revenue beat(4)3.97%
Revenue beat(8)1
Avg Revenue beat(8)-5.44%
Revenue beat(12)1
Avg Revenue beat(12)-7.24%
Revenue beat(16)4
Avg Revenue beat(16)-4.29%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-30.64%
EPS NQ rev (3m)-1172.71%
EPS NY rev (1m)-15.62%
EPS NY rev (3m)-1.82%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-13.55%
Revenue NY rev (1m)-3.05%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.83 | ||
| Fwd PE | 25.72 | ||
| P/S | 2.2 | ||
| P/FCF | 12.04 | ||
| P/OCF | 6.98 | ||
| P/B | 1.98 | ||
| P/tB | 1.98 | ||
| EV/EBITDA | 9.24 |
EPS(TTM)0.29
EY1.32%
EPS(NY)0.85
Fwd EY3.89%
FCF(TTM)1.83
FCFY8.31%
OCF(TTM)3.15
OCFY14.33%
SpS9.99
BVpS11.13
TBVpS11.13
PEG (NY)N/A
PEG (5Y)156.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.35% | ||
| ROE | 2.32% | ||
| ROCE | 4.61% | ||
| ROIC | 3.65% | ||
| ROICexc | 3.97% | ||
| ROICexgc | 3.97% | ||
| OM | 30.88% | ||
| PM (TTM) | 2.59% | ||
| GM | 97.65% | ||
| FCFM | 18.29% |
ROA(3y)0.04%
ROA(5y)0.18%
ROE(3y)0.25%
ROE(5y)1.13%
ROIC(3y)3%
ROIC(5y)3.33%
ROICexc(3y)3.28%
ROICexc(5y)3.67%
ROICexgc(3y)3.28%
ROICexgc(5y)3.67%
ROCE(3y)3.81%
ROCE(5y)4.23%
ROICexcg growth 3Y0.91%
ROICexcg growth 5Y-4.34%
ROICexc growth 3Y0.91%
ROICexc growth 5Y-4.34%
OM growth 3Y-5.48%
OM growth 5Y-7.83%
PM growth 3Y49.34%
PM growth 5Y-0.21%
GM growth 3Y1.16%
GM growth 5Y0.67%
F-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 25.7 | ||
| Debt/EBITDA | 6.25 | ||
| Cap/Depr | 36.79% | ||
| Cap/Sales | 13.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 47.15% | ||
| Profit Quality | 707.13% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 0.66 |
F-Score5
WACC5.44%
ROIC/WACC0.67
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.56%
EPS 3Y47.83%
EPS 5Y0.48%
EPS Q2Q%-22.22%
EPS Next Y-33.79%
EPS Next 2Y42.67%
EPS Next 3Y49.96%
EPS Next 5Y29.87%
Revenue 1Y (TTM)5.25%
Revenue growth 3Y2.77%
Revenue growth 5Y1.05%
Sales Q2Q%14.34%
Revenue Next Year2.26%
Revenue Next 2Y5.75%
Revenue Next 3Y5.78%
Revenue Next 5Y5.93%
EBIT growth 1Y2.3%
EBIT growth 3Y-2.86%
EBIT growth 5Y-6.86%
EBIT Next Year131.09%
EBIT Next 3Y36.27%
EBIT Next 5Y26.32%
FCF growth 1Y-61.35%
FCF growth 3Y-8.86%
FCF growth 5Y-3.72%
OCF growth 1Y-36.82%
OCF growth 3Y-3.97%
OCF growth 5Y-0.65%