AZURE POWER GLOBAL LTD (AZRE) Fundamental Analysis & Valuation

NYSE:AZRE • MU0527S00004

Current stock price

1.69 USD
-0.05 (-2.87%)
At close:
1.74 USD
+0.05 (+2.96%)
After Hours:

This AZRE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. AZRE Profitability Analysis

1.1 Basic Checks

  • AZRE had negative earnings in the past year.
  • AZRE had a positive operating cash flow in the past year.
AZRE Yearly Net Income VS EBIT VS OCF VS FCFAZRE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 0 -10B -20B

1.2 Ratios

  • The profitability ratios for AZRE are negative, so there is not much use analyzing them.
  • With an excellent Return On Invested Capital value of 6.25%, AZRE belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AZRE is in line with the industry average of 3.44%.
  • The 3 year average ROIC (4.48%) for AZRE is below the current ROIC(6.25%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC 6.25%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.48%
ROIC(5y)4.18%
AZRE Yearly ROA, ROE, ROICAZRE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 0 -20 -40 -60 -80 -100

1.3 Margins

  • AZRE has a Operating Margin of 65.97%. This is amongst the best in the industry. AZRE outperforms 100.00% of its industry peers.
  • AZRE's Operating Margin has improved in the last couple of years.
  • The Gross Margin of AZRE (91.63%) is better than 95.24% of its industry peers.
  • In the last couple of years the Gross Margin of AZRE has remained more or less at the same level.
Industry RankSector Rank
OM 65.97%
PM (TTM) N/A
GM 91.63%
OM growth 3Y-0.03%
OM growth 5Y4.53%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.26%
GM growth 5Y-0.22%
AZRE Yearly Profit, Operating, Gross MarginsAZRE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. AZRE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AZRE is destroying value.
  • AZRE has more shares outstanding than it did 1 year ago.
  • The debt/assets ratio for AZRE is higher compared to a year ago.
AZRE Yearly Shares OutstandingAZRE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 10M 20M 30M 40M
AZRE Yearly Total Debt VS Total AssetsAZRE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 50B 100B

2.2 Solvency

  • AZRE has an Altman-Z score of 0.14. This is a bad value and indicates that AZRE is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of AZRE (0.14) is worse than 71.43% of its industry peers.
  • A Debt/Equity ratio of 3.91 is on the high side and indicates that AZRE has dependencies on debt financing.
  • The Debt to Equity ratio of AZRE (3.91) is worse than 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.91
Debt/FCF N/A
Altman-Z 0.14
ROIC/WACC0.77
WACC8.08%
AZRE Yearly LT Debt VS Equity VS FCFAZRE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 0 20B -20B 40B 60B 80B

2.3 Liquidity

  • A Current Ratio of 0.61 indicates that AZRE may have some problems paying its short term obligations.
  • AZRE has a Current ratio of 0.61. This is amonst the worse of the industry: AZRE underperforms 95.24% of its industry peers.
  • A Quick Ratio of 0.61 indicates that AZRE may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.61, AZRE is not doing good in the industry: 90.48% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.61
Quick Ratio 0.61
AZRE Yearly Current Assets VS Current LiabilitesAZRE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. AZRE Growth Analysis

3.1 Past

  • AZRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 126.67%, which is quite impressive.
  • Looking at the last year, AZRE shows a very strong growth in Revenue. The Revenue has grown by 20.06%.
  • AZRE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 42.14% yearly.
EPS 1Y (TTM)126.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%58.06%
Revenue 1Y (TTM)20.06%
Revenue growth 3Y25.54%
Revenue growth 5Y42.14%
Sales Q2Q%27.24%

3.2 Future

  • The Earnings Per Share is expected to grow by 470.20% on average over the next years. This is a very strong growth
  • AZRE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 382.17% yearly.
EPS Next Y132.45%
EPS Next 2Y45.15%
EPS Next 3Y470.2%
EPS Next 5YN/A
Revenue Next Year18.19%
Revenue Next 2Y14.19%
Revenue Next 3Y382.17%
Revenue Next 5YN/A

3.3 Evolution

  • 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.
AZRE Yearly Revenue VS EstimatesAZRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B
AZRE Yearly EPS VS EstimatesAZRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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2

4. AZRE Valuation Analysis

4.1 Price/Earnings Ratio

  • AZRE is valuated quite expensively with a Price/Forward Earnings ratio of 5888.84.
  • 66.67% of the companies in the same industry are cheaper than AZRE, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 23.68. AZRE is valued rather expensively when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 5888.84
AZRE Price Earnings VS Forward Price EarningsAZRE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AZRE is valued cheaply inside the industry as 95.24% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.45
AZRE Per share dataAZRE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AZRE's earnings are expected to grow with 470.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y45.15%
EPS Next 3Y470.2%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. AZRE Dividend Analysis

5.1 Amount

  • AZRE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

Find the best dividend stocksShow peers with best dividend

AZRE Fundamentals: All Metrics, Ratios and Statistics

AZURE POWER GLOBAL LTD

NYSE:AZRE (7/12/2023, 8:04:00 PM)

After market: 1.74 +0.05 (+2.96%)

1.69

-0.05 (-2.87%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)07-05
Earnings (Next)07-27
Inst Owners0.63%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap81.68M
Revenue(TTM)17.58B
Net Income(TTM)-3.01B
Analysts40
Price Target4.08 (141.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-335.8%
Min EPS beat(2)-706.91%
Max EPS beat(2)35.31%
EPS beat(4)3
Avg EPS beat(4)77.34%
Min EPS beat(4)-706.91%
Max EPS beat(4)918.59%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)7673%
Min Revenue beat(2)7280.07%
Max Revenue beat(2)8065.92%
Revenue beat(4)4
Avg Revenue beat(4)7458.47%
Min Revenue beat(4)6892.24%
Max Revenue beat(4)8065.92%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.15%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 5888.84
P/S 0.38
P/FCF N/A
P/OCF 1.22
P/B 0.28
P/tB 0.28
EV/EBITDA 6.45
EPS(TTM)0
EYN/A
EPS(NY)0
Fwd EY0.02%
FCF(TTM)-5.95
FCFYN/A
OCF(TTM)1.39
OCFY82.12%
SpS4.44
BVpS5.95
TBVpS5.95
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC 6.25%
ROICexc 6.64%
ROICexgc 6.64%
OM 65.97%
PM (TTM) N/A
GM 91.63%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.48%
ROIC(5y)4.18%
ROICexc(3y)5.1%
ROICexc(5y)4.83%
ROICexgc(3y)5.11%
ROICexgc(5y)4.84%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y2.08%
ROICexgc growth 5Y6.33%
ROICexc growth 3Y2.15%
ROICexc growth 5Y6.43%
OM growth 3Y-0.03%
OM growth 5Y4.53%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.26%
GM growth 5Y-0.22%
F-Score4
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 3.91
Debt/FCF N/A
Debt/EBITDA 7.93
Cap/Depr 832.42%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.61
Quick Ratio 0.61
Altman-Z 0.14
F-Score4
WACC8.08%
ROIC/WACC0.77
Cap/Depr(3y)816.38%
Cap/Depr(5y)993.33%
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)126.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%58.06%
EPS Next Y132.45%
EPS Next 2Y45.15%
EPS Next 3Y470.2%
EPS Next 5YN/A
Revenue 1Y (TTM)20.06%
Revenue growth 3Y25.54%
Revenue growth 5Y42.14%
Sales Q2Q%27.24%
Revenue Next Year18.19%
Revenue Next 2Y14.19%
Revenue Next 3Y382.17%
Revenue Next 5YN/A
EBIT growth 1Y74.08%
EBIT growth 3Y25.49%
EBIT growth 5Y48.58%
EBIT Next Year98.07%
EBIT Next 3Y471.45%
EBIT Next 5YN/A
FCF growth 1Y4.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y35.32%
OCF growth 3Y38.91%
OCF growth 5Y46.64%

AZURE POWER GLOBAL LTD / AZRE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for AZURE POWER GLOBAL LTD?

ChartMill assigns a fundamental rating of 3 / 10 to AZRE.


What is the valuation status of AZURE POWER GLOBAL LTD (AZRE) stock?

ChartMill assigns a valuation rating of 2 / 10 to AZURE POWER GLOBAL LTD (AZRE). This can be considered as Overvalued.


Can you provide the profitability details for AZURE POWER GLOBAL LTD?

AZURE POWER GLOBAL LTD (AZRE) has a profitability rating of 5 / 10.


What is the expected EPS growth for AZURE POWER GLOBAL LTD (AZRE) stock?

The Earnings per Share (EPS) of AZURE POWER GLOBAL LTD (AZRE) is expected to grow by 132.45% in the next year.