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HA SUSTAINABLE INFRASTRUCTUR (HASI) Stock Fundamental Analysis

NYSE:HASI - US41068X1000 - Common Stock

27.9346 USD
-0.02 (-0.06%)
Last: 8/29/2025, 10:23:06 AM
Fundamental Rating

4

HASI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 100 industry peers in the Financial Services industry. HASI has only an average score on both its financial health and profitability. HASI has a correct valuation and a medium growth rate. HASI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

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.
In the past 5 years HASI has always been profitable.
In the past 5 years HASI always reported a positive cash flow from operatings.
HASI Yearly Net Income VS EBIT VS OCF VS FCFHASI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

With a decent Return On Assets value of 2.68%, HASI is doing good in the industry, outperforming 66.00% of the companies in the same industry.
HASI's Return On Equity of 8.10% is in line compared to the rest of the industry. HASI outperforms 47.00% of its industry peers.
Industry RankSector Rank
ROA 2.68%
ROE 8.1%
ROIC N/A
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
ROIC(3y)N/A
ROIC(5y)N/A
HASI Yearly ROA, ROE, ROICHASI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

HASI's Profit Margin of 55.56% is amongst the best of the industry. HASI outperforms 95.00% of its industry peers.
In the last couple of years the Profit Margin of HASI has declined.
HASI's Operating Margin has declined in the last couple of years.
HASI has a Gross Margin of 27.47%. This is comparable to the rest of the industry: HASI outperforms 46.00% of its industry peers.
HASI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 55.56%
GM 27.47%
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%
HASI Yearly Profit, Operating, Gross MarginsHASI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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4

2. Health

2.1 Basic Checks

HASI does not have a ROIC to compare to the WACC, probably because it is not profitable.
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.
HASI Yearly Shares OutstandingHASI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
HASI Yearly Total Debt VS Total AssetsHASI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

HASI has an Altman-Z score of 0.85. This is a bad value and indicates that HASI is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.85, HASI perfoms like the industry average, outperforming 57.00% of the companies in the same industry.
The Debt to FCF ratio of HASI is 90.36, which is on the high side as it means it would take HASI, 90.36 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 90.36, HASI perfoms like the industry average, outperforming 44.00% of the companies in the same industry.
A Debt/Equity ratio of 1.88 is on the high side and indicates that HASI has dependencies on debt financing.
HASI has a Debt to Equity ratio of 1.88. This is in the lower half of the industry: HASI underperforms 64.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF 90.36
Altman-Z 0.85
ROIC/WACCN/A
WACC7.37%
HASI Yearly LT Debt VS Equity VS FCFHASI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 10.81 indicates that HASI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 10.81, HASI belongs to the top of the industry, outperforming 98.00% of the companies in the same industry.
HASI has a Quick Ratio of 10.81. This indicates that HASI is financially healthy and has no problem in meeting its short term obligations.
HASI has a Quick ratio of 10.81. This is amongst the best in the industry. HASI outperforms 98.00% of its industry peers.
Industry RankSector Rank
Current Ratio 10.81
Quick Ratio 10.81
HASI Yearly Current Assets VS Current LiabilitesHASI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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4

3. Growth

3.1 Past

HASI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.25%.
The Earnings Per Share has been growing by 11.68% on average over the past years. This is quite good.
HASI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.18%.
Measured over the past years, HASI shows a very strong growth in Revenue. The Revenue has been growing by 22.06% on average per year.
EPS 1Y (TTM)-3.25%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%-4.76%
Revenue 1Y (TTM)-24.18%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%-9.34%

3.2 Future

Based on estimates for the next years, HASI will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.97% on average per year.
HASI is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.17% yearly.
EPS Next Y8.98%
EPS Next 2Y9.53%
EPS Next 3Y9.03%
EPS Next 5Y8.97%
Revenue Next Year7.5%
Revenue Next 2Y10.73%
Revenue Next 3Y11.73%
Revenue Next 5Y-7.17%

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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HASI Yearly Revenue VS EstimatesHASI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
HASI Yearly EPS VS EstimatesHASI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.74, the valuation of HASI can be described as reasonable.
Based on the Price/Earnings ratio, HASI is valued a bit cheaper than 62.00% of the companies in the same industry.
HASI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.17.
A Price/Forward Earnings ratio of 9.50 indicates a reasonable valuation of HASI.
Based on the Price/Forward Earnings ratio, HASI is valued a bit cheaper than the industry average as 64.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.78. HASI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.74
Fwd PE 9.5
HASI Price Earnings VS Forward Price EarningsHASI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of HASI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 66.33
EV/EBITDA N/A
HASI Per share dataHASI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.31
PEG (5Y)1
EPS Next 2Y9.53%
EPS Next 3Y9.03%

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8

5. Dividend

5.1 Amount

HASI has a Yearly Dividend Yield of 6.14%, which is a nice return.
HASI's Dividend Yield is rather good when compared to the industry average which is at 4.27. HASI pays more dividend than 87.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, HASI pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.14%

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 for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.07%
Div Incr Years6
Div Non Decr Years11
HASI Yearly Dividends per shareHASI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

99.08% of the earnings are spent on dividend by HASI. This is not a sustainable payout ratio.
The dividend of HASI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP99.08%
EPS Next 2Y9.53%
EPS Next 3Y9.03%
HASI Yearly Income VS Free CF VS DividendHASI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M
HASI Dividend Payout.HASI Dividend Payout, showing the Payout Ratio.HASI Dividend Payout.PayoutRetained Earnings

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HA SUSTAINABLE INFRASTRUCTUR

NYSE:HASI (8/29/2025, 10:23:06 AM)

27.9346

-0.02 (-0.06%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-04 2025-11-04
Inst Owners109.93%
Inst Owner Change-3.25%
Ins Owners1.97%
Ins Owner Change-0.27%
Market Cap3.46B
Analysts83.64
Price Target38.98 (39.54%)
Short Float %10.06%
Short Ratio8.23
Dividend
Industry RankSector Rank
Dividend Yield 6.14%
Yearly Dividend1.66
Dividend Growth(5Y)4.07%
DP99.08%
Div Incr Years6
Div Non Decr Years11
Ex-Date10-03 2025-10-03 (0.42)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.33%
Min EPS beat(2)-6.3%
Max EPS beat(2)1.64%
EPS beat(4)2
Avg EPS beat(4)-1.1%
Min EPS beat(4)-6.3%
Max EPS beat(4)6.19%
EPS beat(8)5
Avg EPS beat(8)3.41%
EPS beat(12)5
Avg EPS beat(12)1.2%
EPS beat(16)8
Avg EPS beat(16)3.05%
Revenue beat(2)0
Avg Revenue beat(2)-4.89%
Min Revenue beat(2)-8.81%
Max Revenue beat(2)-0.96%
Revenue beat(4)1
Avg Revenue beat(4)0.48%
Min Revenue beat(4)-8.81%
Max Revenue beat(4)12.99%
Revenue beat(8)4
Avg Revenue beat(8)6.02%
Revenue beat(12)8
Avg Revenue beat(12)18.4%
Revenue beat(16)12
Avg Revenue beat(16)36.48%
PT rev (1m)0%
PT rev (3m)-0.48%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)1.24%
EPS NY rev (1m)-0.26%
EPS NY rev (3m)-1.34%
Revenue NQ rev (1m)1.17%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)-0.5%
Valuation
Industry RankSector Rank
PE 11.74
Fwd PE 9.5
P/S 9.46
P/FCF 66.33
P/OCF 66.33
P/B 1.38
P/tB 1.38
EV/EBITDA N/A
EPS(TTM)2.38
EY8.52%
EPS(NY)2.94
Fwd EY10.52%
FCF(TTM)0.42
FCFY1.51%
OCF(TTM)0.42
OCFY1.51%
SpS2.95
BVpS20.26
TBVpS20.26
PEG (NY)1.31
PEG (5Y)1
Profitability
Industry RankSector Rank
ROA 2.68%
ROE 8.1%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 55.56%
GM 27.47%
FCFM 14.26%
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)0.47%
ROCE(5y)0.56%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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 Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF 90.36
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 25.67%
Current Ratio 10.81
Quick Ratio 10.81
Altman-Z 0.85
F-Score3
WACC7.37%
ROIC/WACCN/A
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)-3.25%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%-4.76%
EPS Next Y8.98%
EPS Next 2Y9.53%
EPS Next 3Y9.03%
EPS Next 5Y8.97%
Revenue 1Y (TTM)-24.18%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%-9.34%
Revenue Next Year7.5%
Revenue Next 2Y10.73%
Revenue Next 3Y11.73%
Revenue Next 5Y-7.17%
EBIT growth 1Y-135.43%
EBIT growth 3Y12.76%
EBIT growth 5Y0.11%
EBIT Next Year-15.7%
EBIT Next 3Y7.75%
EBIT Next 5Y3.26%
FCF growth 1Y-40.9%
FCF growth 3Y-23.96%
FCF growth 5Y-27.64%
OCF growth 1Y-43.79%
OCF growth 3Y-23.96%
OCF growth 5Y-27.64%