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ALTUS POWER INC (AMPS) Stock Fundamental Analysis

NYSE:AMPS - New York Stock Exchange, Inc. - US02217A1025 - Common Stock - Currency: USD

4.94  +0.02 (+0.41%)

After market: 4.94 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to AMPS. AMPS was compared to 19 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of AMPS while its profitability can be described as average. AMPS is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

AMPS had positive earnings in the past year.
AMPS had a positive operating cash flow in the past year.
In multiple years AMPS reported negative net income over the last 5 years.
In the past 5 years AMPS always reported a positive cash flow from operatings.
AMPS Yearly Net Income VS EBIT VS OCF VS FCFAMPS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 20M -20M 40M -40M 60M

1.2 Ratios

AMPS's Return On Assets of 1.58% is fine compared to the rest of the industry. AMPS outperforms 63.16% of its industry peers.
AMPS's Return On Equity of 6.89% is fine compared to the rest of the industry. AMPS outperforms 63.16% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.13%, AMPS is doing worse than 63.16% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AMPS is below the industry average of 4.27%.
Industry RankSector Rank
ROA 1.58%
ROE 6.89%
ROIC 1.13%
ROA(3y)1.36%
ROA(5y)0.11%
ROE(3y)4.26%
ROE(5y)-0.22%
ROIC(3y)1.24%
ROIC(5y)1.79%
AMPS Yearly ROA, ROE, ROICAMPS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 5 -5 10

1.3 Margins

AMPS's Profit Margin of 19.07% is amongst the best of the industry. AMPS outperforms 84.21% of its industry peers.
AMPS's Operating Margin of 15.51% is in line compared to the rest of the industry. AMPS outperforms 52.63% of its industry peers.
AMPS's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 77.24%, AMPS belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
In the last couple of years the Gross Margin of AMPS has remained more or less at the same level.
Industry RankSector Rank
OM 15.51%
PM (TTM) 19.07%
GM 77.24%
OM growth 3Y-21.63%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.97%
GM growth 5YN/A
AMPS Yearly Profit, Operating, Gross MarginsAMPS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 20 -20 40 60 80

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1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AMPS is destroying value.
Compared to 1 year ago, AMPS has about the same amount of shares outstanding.
The debt/assets ratio for AMPS is higher compared to a year ago.
AMPS Yearly Shares OutstandingAMPS Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 50M 100M 150M
AMPS Yearly Total Debt VS Total AssetsAMPS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

AMPS has an Altman-Z score of 0.36. This is a bad value and indicates that AMPS is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.36, AMPS is in line with its industry, outperforming 52.63% of the companies in the same industry.
AMPS has a Debt/Equity ratio of 2.29. This is a high value indicating a heavy dependency on external financing.
AMPS has a better Debt to Equity ratio (2.29) than 63.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.29
Debt/FCF N/A
Altman-Z 0.36
ROIC/WACC0.2
WACC5.81%
AMPS Yearly LT Debt VS Equity VS FCFAMPS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 0.60 indicates that AMPS may have some problems paying its short term obligations.
AMPS has a Current ratio of 0.60. This is in the lower half of the industry: AMPS underperforms 78.95% of its industry peers.
A Quick Ratio of 0.60 indicates that AMPS may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.60, AMPS is doing worse than 73.68% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.6
Quick Ratio 0.6
AMPS Yearly Current Assets VS Current LiabilitesAMPS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 100M 200M 300M

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6

3. Growth

3.1 Past

AMPS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -55.77%.
AMPS shows a strong growth in Revenue. In the last year, the Revenue has grown by 25.90%.
The Revenue has been growing by 50.74% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-55.77%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%266.67%
Revenue 1Y (TTM)25.9%
Revenue growth 3Y50.74%
Revenue growth 5YN/A
Sales Q2Q%30.17%

3.2 Future

AMPS is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.27% yearly.
The Revenue is expected to grow by 22.89% on average over the next years. This is a very strong growth
EPS Next Y575.45%
EPS Next 2Y-29.93%
EPS Next 3Y-17.27%
EPS Next 5YN/A
Revenue Next Year20.69%
Revenue Next 2Y18.46%
Revenue Next 3Y18.58%
Revenue Next 5Y22.89%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
AMPS Yearly Revenue VS EstimatesAMPS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
AMPS Yearly EPS VS EstimatesAMPS Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.1 -0.1 0.2 -0.2 0.3

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2

4. Valuation

4.1 Price/Earnings Ratio

AMPS is valuated rather expensively with a Price/Earnings ratio of 21.48.
Compared to the rest of the industry, the Price/Earnings ratio of AMPS indicates a somewhat cheap valuation: AMPS is cheaper than 73.68% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, AMPS is valued a bit cheaper.
The Forward Price/Earnings Ratio is negative for AMPS. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 21.48
Fwd PE N/A
AMPS Price Earnings VS Forward Price EarningsAMPS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150 200

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMPS is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 21.28
AMPS Per share dataAMPS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

AMPS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A cheap valuation may be justified as AMPS's earnings are expected to decrease with -17.27% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y-29.93%
EPS Next 3Y-17.27%

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0

5. Dividend

5.1 Amount

AMPS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ALTUS POWER INC

NYSE:AMPS (3/7/2025, 8:04:51 PM)

After market: 4.94 0 (0%)

4.94

+0.02 (+0.41%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)03-17 2025-03-17/amc
Inst Owners52.74%
Inst Owner Change-3.24%
Ins Owners5.96%
Ins Owner Change-0.82%
Market Cap794.35M
Analysts75.38
Price Target5.44 (10.12%)
Short Float %4.75%
Short Ratio1.53
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)444.4%
Min EPS beat(2)235.86%
Max EPS beat(2)652.94%
EPS beat(4)3
Avg EPS beat(4)-68.02%
Min EPS beat(4)-1328.16%
Max EPS beat(4)652.94%
EPS beat(8)6
Avg EPS beat(8)620.5%
EPS beat(12)8
Avg EPS beat(12)459.41%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.33%
Min Revenue beat(2)-9.88%
Max Revenue beat(2)-0.77%
Revenue beat(4)0
Avg Revenue beat(4)-8.62%
Min Revenue beat(4)-23.69%
Max Revenue beat(4)-0.14%
Revenue beat(8)1
Avg Revenue beat(8)-6.65%
Revenue beat(12)4
Avg Revenue beat(12)-3.47%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.16%
PT rev (3m)0.39%
EPS NQ rev (1m)-3.62%
EPS NQ rev (3m)-14.58%
EPS NY rev (1m)-3.11%
EPS NY rev (3m)-5.6%
Revenue NQ rev (1m)-0.9%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 21.48
Fwd PE N/A
P/S 4.27
P/FCF N/A
P/OCF 15.69
P/B 1.54
P/tB 1.71
EV/EBITDA 21.28
EPS(TTM)0.23
EY4.66%
EPS(NY)-0.12
Fwd EYN/A
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)0.31
OCFY6.37%
SpS1.16
BVpS3.2
TBVpS2.9
PEG (NY)0.04
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.58%
ROE 6.89%
ROCE 1.44%
ROIC 1.13%
ROICexc 1.19%
ROICexgc 1.22%
OM 15.51%
PM (TTM) 19.07%
GM 77.24%
FCFM N/A
ROA(3y)1.36%
ROA(5y)0.11%
ROE(3y)4.26%
ROE(5y)-0.22%
ROIC(3y)1.24%
ROIC(5y)1.79%
ROICexc(3y)1.57%
ROICexc(5y)2.08%
ROICexgc(3y)1.62%
ROICexgc(5y)2.14%
ROCE(3y)1.57%
ROCE(5y)2.27%
ROICexcg growth 3Y-22.96%
ROICexcg growth 5YN/A
ROICexc growth 3Y-23.03%
ROICexc growth 5YN/A
OM growth 3Y-21.63%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.97%
GM growth 5YN/A
F-Score4
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 2.29
Debt/FCF N/A
Debt/EBITDA 12.42
Cap/Depr 130.39%
Cap/Sales 46.29%
Interest Coverage 0.49
Cash Conversion 53.35%
Profit Quality N/A
Current Ratio 0.6
Quick Ratio 0.6
Altman-Z 0.36
F-Score4
WACC5.81%
ROIC/WACC0.2
Cap/Depr(3y)183.37%
Cap/Depr(5y)310.76%
Cap/Sales(3y)57.51%
Cap/Sales(5y)81.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-55.77%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%266.67%
EPS Next Y575.45%
EPS Next 2Y-29.93%
EPS Next 3Y-17.27%
EPS Next 5YN/A
Revenue 1Y (TTM)25.9%
Revenue growth 3Y50.74%
Revenue growth 5YN/A
Sales Q2Q%30.17%
Revenue Next Year20.69%
Revenue Next 2Y18.46%
Revenue Next 3Y18.58%
Revenue Next 5Y22.89%
EBIT growth 1Y-7.1%
EBIT growth 3Y18.13%
EBIT growth 5YN/A
EBIT Next Year220.7%
EBIT Next 3Y66.19%
EBIT Next 5Y48.39%
FCF growth 1Y-265.35%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y67.1%
OCF growth 3Y86.16%
OCF growth 5YN/A