HA SUSTAINABLE INFRASTRUCTUR (HASI) Stock Fundamental Analysis
NYSE:HASI - New York Stock Exchange, Inc. - US41068X1000 - Common Stock - Currency: USD
HASI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 101 industry peers in the Financial Services industry. HASI has only an average score on both its financial health and profitability. HASI is not valued too expensively and it also shows a decent growth rate. Finally HASI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
HASI had positive earnings in the past year.
In the past year HASI has reported a negative cash flow from operations.
In the past 5 years HASI has always been profitable.
Each year in the past 5 years HASI had a positive operating cash flow.
1.2 Ratios
HASI has a Return On Assets of 3.41%. This is in the better half of the industry: HASI outperforms 69.31% of its industry peers.
With a Return On Equity value of 10.64%, HASI perfoms like the industry average, outperforming 54.46% of the companies in the same industry.
The Return On Invested Capital of HASI (0.22%) is worse than 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 7.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 10.64% | ||
| ROIC | 0.22% |
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's Profit Margin of 52.98% is amongst the best of the industry. HASI outperforms 94.06% of its industry peers.
In the last couple of years the Profit Margin of HASI has declined.
HASI has a worse Operating Margin (4.17%) than 69.31% of its industry peers.
In the last couple of years the Operating Margin of HASI has declined.
HASI has a Gross Margin (36.10%) which is comparable to the rest of the industry.
HASI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.17% | ||
| PM (TTM) | 52.98% | ||
| GM | 36.1% |
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.
Compared to 1 year ago, HASI has more shares outstanding
Compared to 5 years ago, HASI has more shares outstanding
The debt/assets ratio for HASI has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.82, we must say that HASI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.82, HASI is in line with its industry, outperforming 59.41% of the companies in the same industry.
A Debt/Equity ratio of 1.97 is on the high side and indicates that HASI has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.97, HASI is doing worse than 63.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.82 |
ROIC/WACC0.03
WACC7%
2.3 Liquidity
A Current Ratio of 11.04 indicates that HASI has no problem at all paying its short term obligations.
HASI has a Current ratio of 11.04. This is amongst the best in the industry. HASI outperforms 96.04% of its industry peers.
HASI has a Quick Ratio of 11.04. This indicates that HASI is financially healthy and has no problem in meeting its short term obligations.
HASI has a Quick ratio of 11.04. This is amongst the best in the industry. HASI outperforms 96.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.04 | ||
| Quick Ratio | 11.04 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.12% over the past year.
Measured over the past years, HASI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.68% on average per year.
The Revenue has grown by 34.76% in the past year. This is a very strong growth!
The Revenue has been growing by 22.06% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)2.12%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%-5.88%
Revenue 1Y (TTM)34.76%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%-8.39%
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 8.85% yearly.
The Revenue is expected to decrease by -7.17% on average over the next years.
EPS Next Y9.26%
EPS Next 2Y9.63%
EPS Next 3Y9.2%
EPS Next 5Y8.85%
Revenue Next Year4.58%
Revenue Next 2Y9.59%
Revenue Next 3Y11.98%
Revenue Next 5Y-7.17%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
The Price/Earnings ratio is 10.12, which indicates a very decent valuation of HASI.
Based on the Price/Earnings ratio, HASI is valued a bit cheaper than 68.32% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.54, HASI is valued rather cheaply.
The Price/Forward Earnings ratio is 8.28, which indicates a very decent valuation of HASI.
Based on the Price/Forward Earnings ratio, HASI is valued a bit cheaper than the industry average as 65.35% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of HASI to the average of the S&P500 Index (35.28), we can say HASI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.12 | ||
| Fwd PE | 8.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HASI is valued a bit more expensive than 72.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 365.25 |
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)1.09
PEG (5Y)0.87
EPS Next 2Y9.63%
EPS Next 3Y9.2%
5. Dividend
5.1 Amount
HASI has a Yearly Dividend Yield of 6.47%, which is a nice return.
Compared to an average industry Dividend Yield of 5.32, HASI pays a better dividend. On top of this HASI pays more dividend than 84.16% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, HASI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
5.2 History
The dividend of HASI has a limited annual growth rate of 4.07%.
HASI has paid a dividend for at least 10 years, which is a reliable track record.
HASI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.07%
Div Incr Years6
Div Non Decr Years11
5.3 Sustainability
HASI pays out 77.60% of its income as dividend. This is not a sustainable payout ratio.
The dividend of HASI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP77.6%
EPS Next 2Y9.63%
EPS Next 3Y9.2%
24.38
-0.06 (-0.25%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners112.89%
Inst Owner Change-2.83%
Ins Owners1.97%
Ins Owner Change-0.27%
Market Cap2.96B
Analysts83.64
Price Target38.98 (59.89%)
Short Float %10.05%
Short Ratio8.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.47% |
Yearly Dividend1.66
Dividend Growth(5Y)4.07%
DP77.6%
Div Incr Years6
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.92%
Min EPS beat(2)1.64%
Max EPS beat(2)6.19%
EPS beat(4)3
Avg EPS beat(4)3.21%
Min EPS beat(4)-5.93%
Max EPS beat(4)10.92%
EPS beat(8)5
Avg EPS beat(8)4.01%
EPS beat(12)6
Avg EPS beat(12)3.25%
EPS beat(16)9
Avg EPS beat(16)6.02%
Revenue beat(2)1
Avg Revenue beat(2)6.01%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)12.99%
Revenue beat(4)2
Avg Revenue beat(4)6.86%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)16.69%
Revenue beat(8)5
Avg Revenue beat(8)8.88%
Revenue beat(12)9
Avg Revenue beat(12)27.44%
Revenue beat(16)13
Avg Revenue beat(16)45.86%
PT rev (1m)-0.37%
PT rev (3m)0.94%
EPS NQ rev (1m)-2.83%
EPS NQ rev (3m)-1.26%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)2.31%
Revenue NQ rev (1m)-1.6%
Revenue NQ rev (3m)-4.49%
Revenue NY rev (1m)-3.28%
Revenue NY rev (3m)-5.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.12 | ||
| Fwd PE | 8.28 | ||
| P/S | 6.16 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.24 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | 365.25 |
EPS(TTM)2.41
EY9.89%
EPS(NY)2.94
Fwd EY12.08%
FCF(TTM)-0.43
FCFYN/A
OCF(TTM)-0.43
OCFYN/A
SpS3.96
BVpS19.71
TBVpS19.71
PEG (NY)1.09
PEG (5Y)0.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 10.64% | ||
| ROCE | 0.28% | ||
| ROIC | 0.22% | ||
| ROICexc | 0.22% | ||
| ROICexgc | 0.22% | ||
| OM | 4.17% | ||
| PM (TTM) | 52.98% | ||
| GM | 36.1% | ||
| FCFM | N/A |
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-Score3
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.97 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 226.27 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.09 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 11.04 | ||
| Quick Ratio | 11.04 | ||
| Altman-Z | 0.82 |
F-Score3
WACC7%
ROIC/WACC0.03
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)2.12%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%-5.88%
EPS Next Y9.26%
EPS Next 2Y9.63%
EPS Next 3Y9.2%
EPS Next 5Y8.85%
Revenue 1Y (TTM)34.76%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%-8.39%
Revenue Next Year4.58%
Revenue Next 2Y9.59%
Revenue Next 3Y11.98%
Revenue Next 5Y-7.17%
EBIT growth 1Y-59.91%
EBIT growth 3Y12.76%
EBIT growth 5Y0.11%
EBIT Next Year-13.53%
EBIT Next 3Y7.75%
EBIT Next 5Y3.69%
FCF growth 1Y-168.31%
FCF growth 3Y-23.96%
FCF growth 5Y-27.64%
OCF growth 1Y-164.47%
OCF growth 3Y-23.96%
OCF growth 5Y-27.64%