HA SUSTAINABLE INFRASTRUCTUR (HASI) Stock Fundamental Analysis
NYSE:HASI - New York Stock Exchange, Inc. - US41068X1000 - Common Stock - Currency: USD
Overall HASI gets a fundamental rating of 5 out of 10. We evaluated HASI against 101 industry peers in the Financial Services industry. HASI has an average financial health and profitability rating. HASI is not valued too expensively and it also shows a decent growth rate. HASI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
HASI had positive earnings in the past year.
HASI had a positive operating cash flow in the past year.
HASI had positive earnings in each of the past 5 years.
Each year in the past 5 years HASI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.53%, HASI is in the better half of the industry, outperforming 77.23% of the companies in the same industry.
HASI has a Return On Equity of 13.72%. This is in the better half of the industry: HASI outperforms 67.33% of its industry peers.
HASI has a Return On Invested Capital of 0.44%. This is in the lower half of the industry: HASI underperforms 69.31% of its industry peers.
HASI had an Average Return On Invested Capital over the past 3 years of 0.37%. This is significantly below the industry average of 11.84%.
The last Return On Invested Capital (0.44%) for HASI is above the 3 year average (0.37%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.53% | ||
| ROE | 13.72% | ||
| ROIC | 0.44% |
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
ROIC(3y)0.37%
ROIC(5y)0.44%
1.3 Margins
HASI has a better Profit Margin (65.51%) than 98.02% of its industry peers.
HASI's Profit Margin has declined in the last couple of years.
HASI's Operating Margin of 7.79% is on the low side compared to the rest of the industry. HASI is outperformed by 65.35% of its industry peers.
In the last couple of years the Operating Margin of HASI has declined.
With a Gross Margin value of 37.84%, HASI perfoms like the industry average, outperforming 56.44% of the companies in the same industry.
HASI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.79% | ||
| PM (TTM) | 65.51% | ||
| GM | 37.84% |
OM growth 3Y-7.29%
OM growth 5Y-17.98%
PM growth 3Y-4.26%
PM growth 5Y-1.79%
GM growth 3Y-4.98%
GM growth 5Y-7.58%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HASI is destroying value.
The number of shares outstanding for HASI has been increased compared to 1 year ago.
Compared to 5 years ago, HASI has more shares outstanding
HASI has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.90, we must say that HASI is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.90, HASI perfoms like the industry average, outperforming 58.42% of the companies in the same industry.
The Debt to FCF ratio of HASI is 751.80, which is on the high side as it means it would take HASI, 751.80 years of fcf income to pay off all of its debts.
HASI has a worse Debt to FCF ratio (751.80) than 61.39% of its industry peers.
A Debt/Equity ratio of 1.88 is on the high side and indicates that HASI has dependencies on debt financing.
HASI's Debt to Equity ratio of 1.88 is on the low side compared to the rest of the industry. HASI is outperformed by 62.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 751.8 | ||
| Altman-Z | 0.9 |
ROIC/WACC0.05
WACC8.35%
2.3 Liquidity
A Current Ratio of 11.25 indicates that HASI has no problem at all paying its short term obligations.
HASI has a Current ratio of 11.25. This is amongst the best in the industry. HASI outperforms 99.01% of its industry peers.
HASI has a Quick Ratio of 11.25. This indicates that HASI is financially healthy and has no problem in meeting its short term obligations.
HASI has a Quick ratio of 11.25. This is amongst the best in the industry. HASI outperforms 99.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.25 | ||
| Quick Ratio | 11.25 |
3. Growth
3.1 Past
HASI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.86%, which is quite good.
The Earnings Per Share has been growing by 11.68% on average over the past years. This is quite good.
Looking at the last year, HASI shows a very strong growth in Revenue. The Revenue has grown by 53.01%.
HASI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.06% yearly.
EPS 1Y (TTM)10.86%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%16.98%
Revenue 1Y (TTM)53.01%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%62.94%
3.2 Future
HASI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.03% yearly.
The Revenue is expected to decrease by -4.57% on average over the next years.
EPS Next Y6.8%
EPS Next 2Y8.36%
EPS Next 3Y9.2%
EPS Next 5Y9.03%
Revenue Next Year10.21%
Revenue Next 2Y10.77%
Revenue Next 3Y14.12%
Revenue Next 5Y-4.57%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.38, the valuation of HASI can be described as very reasonable.
Based on the Price/Earnings ratio, HASI is valued a bit cheaper than 66.34% of the companies in the same industry.
When comparing the Price/Earnings ratio of HASI to the average of the S&P500 Index (28.10), we can say HASI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.72, the valuation of HASI can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HASI is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of HASI to the average of the S&P500 Index (20.74), we can say HASI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.38 | ||
| Fwd PE | 9.72 |
4.2 Price Multiples
HASI's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. HASI is more expensive than 69.31% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HASI is valued a bit more expensive than the industry average as 60.40% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 525.71 | ||
| EV/EBITDA | 188.2 |
4.3 Compensation for Growth
HASI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.53
PEG (5Y)0.89
EPS Next 2Y8.36%
EPS Next 3Y9.2%
5. Dividend
5.1 Amount
HASI has a Yearly Dividend Yield of 6.74%, which is a nice return.
Compared to an average industry Dividend Yield of 4.97, HASI pays a better dividend. On top of this HASI pays more dividend than 88.12% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.43, HASI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
5.2 History
The dividend of HASI has a limited annual growth rate of 4.07%.
HASI has been paying a dividend for at least 10 years, so it has a reliable track record.
HASI has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.07%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
HASI pays out 59.97% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of HASI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP59.97%
EPS Next 2Y8.36%
EPS Next 3Y9.2%
25.44
-0.17 (-0.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners112.24%
Inst Owner Change-0.95%
Ins Owners2.38%
Ins Owner Change-0.04%
Market Cap3.08B
Analysts83.48
Price Target38.61 (51.77%)
Short Float %10.42%
Short Ratio9.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.74% |
Yearly Dividend1.66
Dividend Growth(5Y)4.07%
DP59.97%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.13%
Min EPS beat(2)-5.93%
Max EPS beat(2)6.19%
EPS beat(4)3
Avg EPS beat(4)7.12%
Min EPS beat(4)-5.93%
Max EPS beat(4)17.3%
EPS beat(8)4
Avg EPS beat(8)3.23%
EPS beat(12)6
Avg EPS beat(12)3.63%
EPS beat(16)9
Avg EPS beat(16)6.18%
Revenue beat(2)1
Avg Revenue beat(2)5.85%
Min Revenue beat(2)-1.29%
Max Revenue beat(2)12.99%
Revenue beat(4)3
Avg Revenue beat(4)14.94%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)31.38%
Revenue beat(8)6
Avg Revenue beat(8)9.77%
Revenue beat(12)10
Avg Revenue beat(12)35.08%
Revenue beat(16)14
Avg Revenue beat(16)52.54%
PT rev (1m)-3.1%
PT rev (3m)-3.69%
EPS NQ rev (1m)-0.91%
EPS NQ rev (3m)0.73%
EPS NY rev (1m)0.03%
EPS NY rev (3m)0.39%
Revenue NQ rev (1m)0.71%
Revenue NQ rev (3m)2.52%
Revenue NY rev (1m)1.65%
Revenue NY rev (3m)2.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.38 | ||
| Fwd PE | 9.72 | ||
| P/S | 6.29 | ||
| P/FCF | 525.71 | ||
| P/OCF | 525.71 | ||
| P/B | 1.32 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 188.2 |
EPS(TTM)2.45
EY9.63%
EPS(NY)2.62
Fwd EY10.29%
FCF(TTM)0.05
FCFY0.19%
OCF(TTM)0.05
OCFY0.19%
SpS4.05
BVpS19.32
TBVpS19.32
PEG (NY)1.53
PEG (5Y)0.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.53% | ||
| ROE | 13.72% | ||
| ROCE | 0.56% | ||
| ROIC | 0.44% | ||
| ROICexc | 0.45% | ||
| ROICexgc | 0.45% | ||
| OM | 7.79% | ||
| PM (TTM) | 65.51% | ||
| GM | 37.84% | ||
| FCFM | 1.2% |
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
ROIC(3y)0.37%
ROIC(5y)0.44%
ROICexc(3y)0.38%
ROICexc(5y)0.46%
ROICexgc(3y)0.38%
ROICexgc(5y)0.47%
ROCE(3y)0.47%
ROCE(5y)0.56%
ROICexcg growth 3Y-6.75%
ROICexcg growth 5Y-19.12%
ROICexc growth 3Y-6.28%
ROICexc growth 5Y-18.91%
OM growth 3Y-7.29%
OM growth 5Y-17.98%
PM growth 3Y-4.26%
PM growth 5Y-1.79%
GM growth 3Y-4.98%
GM growth 5Y-7.58%
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 751.8 | ||
| Debt/EBITDA | 112.39 | ||
| Cap/Depr | 0% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 0.2 | ||
| Cash Conversion | 14.95% | ||
| Profit Quality | 1.83% | ||
| Current Ratio | 11.25 | ||
| Quick Ratio | 11.25 | ||
| Altman-Z | 0.9 |
F-Score6
WACC8.35%
ROIC/WACC0.05
Cap/Depr(3y)38.01%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.63%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.86%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%16.98%
EPS Next Y6.8%
EPS Next 2Y8.36%
EPS Next 3Y9.2%
EPS Next 5Y9.03%
Revenue 1Y (TTM)53.01%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%62.94%
Revenue Next Year10.21%
Revenue Next 2Y10.77%
Revenue Next 3Y14.12%
Revenue Next 5Y-4.57%
EBIT growth 1Y-7.88%
EBIT growth 3Y12.76%
EBIT growth 5Y0.11%
EBIT Next Year-5.34%
EBIT Next 3Y10.7%
EBIT Next 5Y6.02%
FCF growth 1Y-94.13%
FCF growth 3Y-23.96%
FCF growth 5Y-27.64%
OCF growth 1Y-94.13%
OCF growth 3Y-23.96%
OCF growth 5Y-27.64%