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 19 industry peers in the Independent Power and Renewable Electricity Producers industry. AY has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
AY had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AY reported negative net income in multiple years.
AY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AY (0.35%) is comparable to the rest of the industry.
The Return On Equity of AY (2.32%) is comparable to the rest of the industry.
AY has a better Return On Invested Capital (3.65%) 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 3.81%.
The 3 year average ROIC (3.00%) for AY is below the current ROIC(3.65%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 2.59%, AY is in line with its industry, outperforming 45.45% of the companies in the same industry.
AY's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 30.88%, AY belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
AY's Operating Margin has declined in the last couple of years.
AY has a better Gross Margin (97.65%) than 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AY is destroying value.
Compared to 1 year ago, AY has about the same amount of shares outstanding.
The number of shares outstanding for AY has been increased compared to 5 years ago.
Compared to 1 year ago, AY has a worse debt to assets ratio.
2.2 Solvency
AY has an Altman-Z score of 0.66. This is a bad value and indicates that AY is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.66, AY is in the better half of the industry, outperforming 68.18% of the companies in the same industry.
The Debt to FCF ratio of AY is 25.70, which is on the high side as it means it would take AY, 25.70 years of fcf income to pay off all of its debts.
AY's Debt to FCF ratio of 25.70 is fine compared to the rest of the industry. AY outperforms 77.27% of its industry peers.
A Debt/Equity ratio of 3.76 is on the high side and indicates that AY has dependencies on debt financing.
AY has a Debt to Equity ratio of 3.76. This is in the lower half of the industry: AY underperforms 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
AY has a Current Ratio of 1.25. This is a normal value and indicates that AY is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.25, AY is in line with its industry, outperforming 59.09% of the companies in the same industry.
AY has a Quick Ratio of 1.20. This is a normal value and indicates that AY is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.20, AY perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
| 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%.
The Earnings Per Share has been growing slightly by 0.48% on average over the past years.
AY shows a small growth in Revenue. In the last year, the Revenue has grown by 5.25%.
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
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.
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.
Compared to the rest of the industry, the Price/Earnings ratio of AY is on the same level as its industry peers.
AY is valuated expensively when we compare the Price/Earnings ratio to 27.50, 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.
The average S&P500 Price/Forward Earnings ratio is at 36.44. AY is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.83 | ||
| Fwd PE | 25.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AY indicates a rather cheap valuation: AY is cheaper than 90.91% of the companies listed in the same industry.
AY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AY is cheaper than 90.91% of the companies in the same industry.
| 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.
AY's earnings are expected to grow with 49.96% in the coming years. This may justify a more expensive valuation.
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.
AY's Dividend Yield is rather good when compared to the industry average which is at 6.59. AY pays more dividend than 90.91% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, AY pays a better dividend.
| 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
AY pays out 688.97% 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.
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 Change0%
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%