AZURE POWER GLOBAL LTD (AZRE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AZRE - MU0527S00004 - Common Stock
1.69 USD
-0.05 (-2.87%)
1.74 USD
+0.05 (+2.96%)
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. AZRE has a medium profitability rating, but doesn't score so well on its financial health evaluation. AZRE is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year AZRE has reported negative net income.
In the past year AZRE had a positive cash flow from operations.
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.
The Average Return On Invested Capital over the past 3 years for AZRE is in line with the industry average of 4.09%.
The last Return On Invested Capital (6.25%) for AZRE is above the 3 year average (4.48%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
AZRE's Operating Margin of 65.97% is amongst the best of the industry. AZRE outperforms 100.00% of its industry peers.
AZRE's Operating Margin has improved in the last couple of years.
AZRE's Gross Margin of 91.63% is amongst the best of the industry. AZRE outperforms 95.24% of its industry peers.
AZRE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
AZRE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AZRE has more shares outstanding
The debt/assets ratio for AZRE is higher compared to a year ago.
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.
Looking at the Altman-Z score, with a value of 0.14, AZRE is doing worse than 71.43% of the companies in the same industry.
A Debt/Equity ratio of 3.91 is on the high side and indicates that AZRE has dependencies on debt financing.
AZRE has a worse Debt to Equity ratio (3.91) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.91 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.14 |
ROIC/WACC0.77
WACC8.08%
2.3 Liquidity
AZRE has a Current 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.
AZRE's Current ratio of 0.61 is on the low side compared to the rest of the industry. AZRE is outperformed by 95.24% of its industry peers.
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.
The Quick ratio of AZRE (0.61) is worse than 90.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 126.67% over the past year.
AZRE shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.06%.
Measured over the past years, AZRE shows a very strong growth in Revenue. The Revenue has been growing by 42.14% on average per year.
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.
The Revenue is expected to grow by 382.17% on average over the next years. This is a very strong growth
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
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
With a Price/Forward Earnings ratio of 5888.84, AZRE can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AZRE indicates a slightly more expensive valuation: AZRE is more expensive than 66.67% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, AZRE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 5888.84 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AZRE indicates a rather cheap valuation: AZRE is cheaper than 95.24% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.45 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AZRE does not grow enough to justify the current Price/Earnings ratio.
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%
5. Dividend
5.1 Amount
AZRE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
1.69
-0.05 (-2.87%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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 Rank | Sector 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.