ARRAY TECHNOLOGIES INC (ARRY)
US04271T1007 - Common Stock
ARRY gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 88 industry peers in the Electrical Equipment industry. ARRY has an average financial health and profitability rating. ARRY has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year ARRY was profitable.
ARRY had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ARRY reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: ARRY reported negative operating cash flow in multiple years.
1.2 Ratios
ARRY has a Return On Assets of -9.52%. This is comparable to the rest of the industry: ARRY outperforms 53.41% of its industry peers.
ARRY has a Return On Equity of -32.56%. This is comparable to the rest of the industry: ARRY outperforms 52.27% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.01%, ARRY is in the better half of the industry, outperforming 79.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.52% | ||
| ROE | -32.56% | ||
| ROIC | 7.01% |
ROA(3y)-1.11%
ROA(5y)2%
ROE(3y)-11.85%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Profit Margin of ARRY has declined.
With a decent Operating Margin value of 10.95%, ARRY is doing good in the industry, outperforming 77.27% of the companies in the same industry.
ARRY's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 30.91%, ARRY is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
ARRY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.95% | ||
| PM (TTM) | N/A | ||
| GM | 30.91% |
OM growth 3Y7.58%
OM growth 5YN/A
PM growth 3Y-7.12%
PM growth 5YN/A
GM growth 3Y4.29%
GM growth 5Y45.89%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ARRY is destroying value.
Compared to 1 year ago, ARRY has more shares outstanding
ARRY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ARRY has been reduced compared to a year ago.
2.2 Solvency
ARRY has an Altman-Z score of 1.60. This is a bad value and indicates that ARRY is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.60, ARRY perfoms like the industry average, outperforming 53.41% of the companies in the same industry.
The Debt to FCF ratio of ARRY is 3.77, which is a good value as it means it would take ARRY, 3.77 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.77, ARRY is in the better half of the industry, outperforming 73.86% of the companies in the same industry.
ARRY has a Debt/Equity ratio of 1.42. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.42, ARRY is not doing good in the industry: 76.14% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 3.77 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.69
WACC10.23%
2.3 Liquidity
ARRY has a Current Ratio of 2.41. This indicates that ARRY is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.41, ARRY is doing good in the industry, outperforming 65.91% of the companies in the same industry.
A Quick Ratio of 1.88 indicates that ARRY should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.88, ARRY is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.41 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
The earnings per share for ARRY have decreased strongly by -37.56% in the last year.
The Earnings Per Share has been growing slightly by 5.44% on average over the past years.
Looking at the last year, ARRY shows a very negative growth in Revenue. The Revenue has decreased by -40.00% in the last year.
The Revenue has been growing by 40.22% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-37.56%
EPS 3Y5.44%
EPS 5YN/A
EPS Q2Q%-17.07%
Revenue 1Y (TTM)-40%
Revenue growth 3Y21.79%
Revenue growth 5Y40.22%
Sales Q2Q%-33.97%
3.2 Future
ARRY is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.23% yearly.
The Revenue is expected to decrease by -1.89% on average over the next years.
EPS Next Y-45.08%
EPS Next 2Y-15.07%
EPS Next 3Y-5.26%
EPS Next 5Y-0.23%
Revenue Next Year-41.25%
Revenue Next 2Y-14.38%
Revenue Next 3Y-6.34%
Revenue Next 5Y-1.89%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.52, the valuation of ARRY can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 94.32% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.41. ARRY is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 8.22 indicates a reasonable valuation of ARRY.
Based on the Price/Forward Earnings ratio, ARRY is valued cheaply inside the industry as 96.59% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.69. ARRY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.52 | ||
| Fwd PE | 8.22 |
4.2 Price Multiples
ARRY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ARRY is cheaper than 92.05% of the companies in the same industry.
97.73% of the companies in the same industry are more expensive than ARRY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.7 | ||
| EV/EBITDA | 8.48 |
4.3 Compensation for Growth
ARRY's earnings are expected to decrease with -5.26% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.07%
EPS Next 3Y-5.26%
5. Dividend
5.1 Amount
ARRY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ARRAY TECHNOLOGIES INC
NASDAQ:ARRY (1/3/2025, 8:20:31 PM)
After market: 6.76 +0.03 (+0.45%)6.73
-0.01 (-0.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners122.33%
Inst Owner Change4.09%
Ins Owners0.27%
Ins Owner Change0.69%
Market Cap1.02B
Analysts76.25
Price Target10.48 (55.72%)
Short Float %16.18%
Short Ratio3.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)48.89%
Min EPS beat(2)21.06%
Max EPS beat(2)76.73%
EPS beat(4)4
Avg EPS beat(4)115.49%
Min EPS beat(4)21.06%
Max EPS beat(4)281%
EPS beat(8)8
Avg EPS beat(8)165.25%
EPS beat(12)11
Avg EPS beat(12)131.25%
EPS beat(16)13
Avg EPS beat(16)141.33%
Revenue beat(2)1
Avg Revenue beat(2)2.9%
Min Revenue beat(2)-2.47%
Max Revenue beat(2)8.26%
Revenue beat(4)3
Avg Revenue beat(4)4.88%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)8.26%
Revenue beat(8)6
Avg Revenue beat(8)5.53%
Revenue beat(12)10
Avg Revenue beat(12)8.52%
Revenue beat(16)11
Avg Revenue beat(16)5.25%
PT rev (1m)-1.99%
PT rev (3m)-25.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-68.23%
EPS NY rev (1m)-4.04%
EPS NY rev (3m)-9.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-45.94%
Revenue NY rev (1m)-2.15%
Revenue NY rev (3m)-4.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.52 | ||
| Fwd PE | 8.22 | ||
| P/S | 1.04 | ||
| P/FCF | 5.7 | ||
| P/OCF | 5.37 | ||
| P/B | 2.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.48 |
EPS(TTM)0.64
EY9.51%
EPS(NY)0.82
Fwd EY12.16%
FCF(TTM)1.18
FCFY17.54%
OCF(TTM)1.25
OCFY18.62%
SpS6.46
BVpS3.01
TBVpS-0.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.52% | ||
| ROE | -32.56% | ||
| ROCE | 9.05% | ||
| ROIC | 7.01% | ||
| ROICexc | 9.74% | ||
| ROICexgc | 27.47% | ||
| OM | 10.95% | ||
| PM (TTM) | N/A | ||
| GM | 30.91% | ||
| FCFM | 18.26% |
ROA(3y)-1.11%
ROA(5y)2%
ROE(3y)-11.85%
ROE(5y)N/A
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)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-19.68%
ROICexc growth 5YN/A
OM growth 3Y7.58%
OM growth 5YN/A
PM growth 3Y-7.12%
PM growth 5YN/A
GM growth 3Y4.29%
GM growth 5Y45.89%
F-Score4
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 3.77 | ||
| Debt/EBITDA | 4.02 | ||
| Cap/Depr | 20.53% | ||
| Cap/Sales | 1.12% | ||
| Interest Coverage | 2.87 | ||
| Cash Conversion | 118.14% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.41 | ||
| Quick Ratio | 1.88 | ||
| Altman-Z | 1.6 |
F-Score4
WACC10.23%
ROIC/WACC0.69
Cap/Depr(3y)18.2%
Cap/Depr(5y)13.11%
Cap/Sales(3y)0.71%
Cap/Sales(5y)0.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-37.56%
EPS 3Y5.44%
EPS 5YN/A
EPS Q2Q%-17.07%
EPS Next Y-45.08%
EPS Next 2Y-15.07%
EPS Next 3Y-5.26%
EPS Next 5Y-0.23%
Revenue 1Y (TTM)-40%
Revenue growth 3Y21.79%
Revenue growth 5Y40.22%
Sales Q2Q%-33.97%
Revenue Next Year-41.25%
Revenue Next 2Y-14.38%
Revenue Next 3Y-6.34%
Revenue Next 5Y-1.89%
EBIT growth 1Y-43.77%
EBIT growth 3Y31.02%
EBIT growth 5YN/A
EBIT Next Year-16.73%
EBIT Next 3Y6.94%
EBIT Next 5Y6.95%
FCF growth 1Y393.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y456.46%
OCF growth 3YN/A
OCF growth 5YN/A