AZURE POWER GLOBAL LTD (AZRE) Stock Fundamental Analysis

NYSE:AZRE • MU0527S00004

1.69 USD
-0.05 (-2.87%)
At close: Jul 12, 2023
1.74 USD
+0.05 (+2.96%)
After Hours: 7/12/2023, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall AZRE gets a fundamental rating of 3 out of 10. We evaluated AZRE against 20 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of AZRE while its profitability can be described as average. AZRE is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

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

  • AZRE has negative profitability rations, so we won't be analyzing them here.
  • AZRE's Return On Invested Capital of 6.25% is amongst the best of the industry. AZRE outperforms 85.71% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AZRE is in line with the industry average of 3.99%.
  • 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

  • The Operating Margin of AZRE (65.97%) is better than 100.00% of its industry peers.
  • In the last couple of years the Operating Margin of AZRE has grown nicely.
  • AZRE has a Gross Margin of 91.63%. This is amongst the best in the industry. AZRE outperforms 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. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AZRE is destroying value.
  • The number of shares outstanding for AZRE has been increased compared to 1 year ago.
  • Compared to 1 year ago, AZRE has a worse debt to assets ratio.
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

  • Based on the Altman-Z score of 0.14, we must say that AZRE is in the distress zone and has some risk of bankruptcy.
  • AZRE has a worse Altman-Z score (0.14) than 71.43% of its industry peers.
  • AZRE has a Debt/Equity ratio of 3.91. This is a high value indicating a heavy dependency on external financing.
  • AZRE has a worse Debt to Equity ratio (3.91) 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.
  • With a Current ratio value of 0.61, AZRE is not doing good in the industry: 95.24% of the companies in the same industry are doing better.
  • AZRE has a Quick Ratio of 0.61. This is a bad value and indicates that AZRE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.61, AZRE is doing worse than 90.48% of the companies in the same industry.
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. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 126.67% over the past year.
  • Looking at the last year, AZRE shows a very strong growth in Revenue. The Revenue has grown by 20.06%.
  • The Revenue has been growing by 42.14% on average over the past years. This is a very strong growth!
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

  • Based on estimates for the next years, AZRE will show a very strong growth in Earnings Per Share. The EPS will grow by 470.20% on average per year.
  • 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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Forward Earnings ratio of 5888.84 indicates a quite expensive valuation of AZRE.
  • Based on the Price/Forward Earnings ratio, AZRE is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.03, AZRE is valued quite expensively.
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

  • AZRE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AZRE is cheaper than 95.24% of the companies in the same industry.
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. Dividend

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

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 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.


What is the profitability of AZRE stock?

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


What is the financial health of AZURE POWER GLOBAL LTD (AZRE) stock?

The financial health rating of AZURE POWER GLOBAL LTD (AZRE) is 0 / 10.