ATLANTICA SUSTAINABLE INFRAS (AY)
GB00BLP5YB54 - Common Stock
Overall AY gets a fundamental rating of 5 out of 10. We evaluated AY against 21 industry peers in the Independent Power and Renewable Electricity Producers industry. AY has an average financial health and profitability rating. AY has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AY was profitable.
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
With a Return On Assets value of 0.50%, AY perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
AY's Return On Equity of 3.05% is in line compared to the rest of the industry. AY outperforms 57.14% of its industry peers.
AY has a Return On Invested Capital of 3.32%. This is in the better half of the industry: AY outperforms 66.67% 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 3.61%.
The last Return On Invested Capital (3.32%) for AY is above the 3 year average (3.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.5% | ||
| ROE | 3.05% | ||
| ROIC | 3.32% |
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
AY has a Profit Margin of 3.95%. This is comparable to the rest of the industry: AY outperforms 57.14% of its industry peers.
In the last couple of years the Profit Margin of AY has remained more or less at the same level.
The Operating Margin of AY (31.08%) is better than 80.95% of its industry peers.
AY's Operating Margin has declined in the last couple of years.
AY has a better Gross Margin (98.63%) than 95.24% of its industry peers.
AY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.08% | ||
| PM (TTM) | 3.95% | ||
| GM | 98.63% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AY is destroying value.
AY has about the same amout of shares outstanding than it did 1 year ago.
AY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AY is higher compared to a year ago.
2.2 Solvency
AY has an Altman-Z score of 0.63. This is a bad value and indicates that AY is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.63, AY is doing good in the industry, outperforming 66.67% of the companies in the same industry.
The Debt to FCF ratio of AY is 16.29, which is on the high side as it means it would take AY, 16.29 years of fcf income to pay off all of its debts.
AY has a Debt to FCF ratio of 16.29. This is amongst the best in the industry. AY outperforms 85.71% of its industry peers.
AY has a Debt/Equity ratio of 3.52. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 3.52, AY is doing worse than 61.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.52 | ||
| Debt/FCF | 16.29 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.55
WACC6%
2.3 Liquidity
A Current Ratio of 1.62 indicates that AY should not have too much problems paying its short term obligations.
AY's Current ratio of 1.62 is fine compared to the rest of the industry. AY outperforms 61.90% of its industry peers.
A Quick Ratio of 1.57 indicates that AY should not have too much problems paying its short term obligations.
AY has a better Quick ratio (1.57) than 61.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.57 |
3. Growth
3.1 Past
AY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 800.00%, which is quite impressive.
AY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.48% yearly.
The Revenue has decreased by -0.19% in the past year.
The Revenue has been growing slightly by 1.05% on average over the past years.
EPS 1Y (TTM)800%
EPS 3Y47.83%
EPS 5Y0.48%
EPS growth Q2Q-33.33%
Revenue 1Y (TTM)-0.19%
Revenue growth 3Y2.77%
Revenue growth 5Y1.05%
Revenue growth Q2Q-0.94%
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.
AY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.15% yearly.
EPS Next Y39.42%
EPS Next 2Y38%
EPS Next 3Y22.6%
EPS Next 5Y29.87%
Revenue Next Year5.22%
Revenue Next 2Y4.51%
Revenue Next 3Y5.49%
Revenue Next 5Y6.15%
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 accelerating.
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
The Price/Earnings ratio is 47.62, which means the current valuation is very expensive for AY.
The rest of the industry has a similar Price/Earnings ratio as AY.
AY is valuated expensively when we compare the Price/Earnings ratio to 24.84, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 34.16, the valuation of AY can be described as expensive.
AY's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AY is cheaper than 61.90% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.35, AY is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.62 | ||
| Fwd PE | 34.16 |
4.2 Price Multiples
80.95% of the companies in the same industry are more expensive than AY, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AY is valued cheaply inside the industry as 95.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7 | ||
| EV/EBITDA | 9.03 |
4.3 Compensation for Growth
AY's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AY has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as AY's earnings are expected to grow with 22.60% in the coming years.
PEG (NY)1.21
PEG (5Y)98.57
EPS Next 2Y38%
EPS Next 3Y22.6%
5. Dividend
5.1 Amount
AY has a Yearly Dividend Yield of 8.91%, which is a nice return.
AY's Dividend Yield is rather good when compared to the industry average which is at 5.77. AY pays more dividend than 90.48% of the companies in the same industry.
AY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.91% |
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
AY pays out 476.06% of its income as dividend. This is not a sustainable payout ratio.
The dividend of AY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP476.06%
EPS Next 2Y38%
EPS Next 3Y22.6%
ATLANTICA SUSTAINABLE INFRAS
NASDAQ:AY (4/26/2024, 7:00:00 PM)
After market: 20 0 (0%)20
+0.03 (+0.15%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.32B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.91% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(12)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.62 | ||
| Fwd PE | 34.16 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.21
PEG (5Y)98.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.5% | ||
| ROE | 3.05% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 31.08% | ||
| PM (TTM) | 3.95% | ||
| GM | 98.63% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.52 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.57 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)800%
EPS 3Y47.83%
EPS 5Y
EPS growth Q2Q
EPS Next Y39.42%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.19%
Revenue growth 3Y2.77%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y