ARRAY TECHNOLOGIES INC (ARRY) Fundamental Analysis & Valuation

NASDAQ:ARRY • US04271T1007

Current stock price

7.435 USD
+0.43 (+6.21%)
Last:

This ARRY fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. ARRY Profitability Analysis

1.1 Basic Checks

  • In the past year ARRY was profitable.
  • ARRY had a positive operating cash flow in the past year.
  • In the past 5 years ARRY reported 4 times negative net income.
  • ARRY had a positive operating cash flow in 4 of the past 5 years.
ARRY Yearly Net Income VS EBIT VS OCF VS FCFARRY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -7.72%, ARRY is in line with its industry, outperforming 52.75% of the companies in the same industry.
  • With a Return On Equity value of -43.03%, ARRY perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
  • The Return On Invested Capital of ARRY (7.58%) is better than 81.32% of its industry peers.
Industry RankSector Rank
ROA -7.72%
ROE -43.03%
ROIC 7.58%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ARRY Yearly ROA, ROE, ROICARRY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60 -80 -100

1.3 Margins

  • The Operating Margin of ARRY (8.03%) is better than 75.82% of its industry peers.
  • In the last couple of years the Operating Margin of ARRY has declined.
  • ARRY has a Gross Margin (25.55%) which is comparable to the rest of the industry.
  • ARRY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.03%
PM (TTM) N/A
GM 25.55%
OM growth 3YN/A
OM growth 5Y-5.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.55%
GM growth 5Y1.91%
ARRY Yearly Profit, Operating, Gross MarginsARRY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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4

2. ARRY Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ARRY is destroying value.
  • There is no outstanding debt for ARRY. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ARRY Yearly Shares OutstandingARRY Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
ARRY Yearly Total Debt VS Total AssetsARRY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • ARRY has an Altman-Z score of 1.66. This is a bad value and indicates that ARRY is not financially healthy and even has some risk of bankruptcy.
  • ARRY has a Altman-Z score (1.66) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of ARRY is 8.91, which is on the high side as it means it would take ARRY, 8.91 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 8.91, ARRY is doing good in the industry, outperforming 68.13% of the companies in the same industry.
  • ARRY has a Debt/Equity ratio of 2.69. This is a high value indicating a heavy dependency on external financing.
  • ARRY's Debt to Equity ratio of 2.69 is on the low side compared to the rest of the industry. ARRY is outperformed by 73.63% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF 8.91
Altman-Z 1.66
ROIC/WACC0.98
WACC7.7%
ARRY Yearly LT Debt VS Equity VS FCFARRY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M

2.3 Liquidity

  • ARRY has a Current Ratio of 2.31. This indicates that ARRY is financially healthy and has no problem in meeting its short term obligations.
  • ARRY has a Current ratio of 2.31. This is in the better half of the industry: ARRY outperforms 63.74% of its industry peers.
  • ARRY has a Quick Ratio of 1.91. This is a normal value and indicates that ARRY is financially healthy and should not expect problems in meeting its short term obligations.
  • ARRY's Quick ratio of 1.91 is fine compared to the rest of the industry. ARRY outperforms 75.82% of its industry peers.
Industry RankSector Rank
Current Ratio 2.31
Quick Ratio 1.91
ARRY Yearly Current Assets VS Current LiabilitesARRY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. ARRY Growth Analysis

3.1 Past

  • ARRY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.56%, which is quite good.
  • The Earnings Per Share has been growing by 24.17% on average over the past years. This is a very strong growth
  • Looking at the last year, ARRY shows a very strong growth in Revenue. The Revenue has grown by 40.22%.
  • ARRY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.03% yearly.
EPS 1Y (TTM)13.56%
EPS 3Y24.17%
EPS 5YN/A
EPS Q2Q%-106.25%
Revenue 1Y (TTM)40.22%
Revenue growth 3Y-7.78%
Revenue growth 5Y8.03%
Sales Q2Q%-17.87%

3.2 Future

  • ARRY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.77% yearly.
  • Based on estimates for the next years, ARRY will show a small growth in Revenue. The Revenue will grow by 5.88% on average per year.
EPS Next Y6.23%
EPS Next 2Y15.5%
EPS Next 3Y14.09%
EPS Next 5Y4.77%
Revenue Next Year14.48%
Revenue Next 2Y11.2%
Revenue Next 3Y9.13%
Revenue Next 5Y5.88%

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.
ARRY Yearly Revenue VS EstimatesARRY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B
ARRY Yearly EPS VS EstimatesARRY Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.2 0.4 0.6 0.8 1

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7

4. ARRY Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.10, which indicates a very decent valuation of ARRY.
  • Compared to the rest of the industry, the Price/Earnings ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 95.60% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of ARRY to the average of the S&P500 Index (27.18), we can say ARRY is valued rather cheaply.
  • ARRY is valuated reasonably with a Price/Forward Earnings ratio of 10.45.
  • Based on the Price/Forward Earnings ratio, ARRY is valued cheaply inside the industry as 95.60% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of ARRY to the average of the S&P500 Index (37.96), we can say ARRY is valued rather cheaply.
Industry RankSector Rank
PE 11.1
Fwd PE 10.45
ARRY Price Earnings VS Forward Price EarningsARRY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ARRY is valued cheaper than 94.51% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ARRY is valued cheaper than 95.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.24
EV/EBITDA 10.22
ARRY Per share dataARRY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • ARRY's earnings are expected to grow with 14.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.78
PEG (5Y)N/A
EPS Next 2Y15.5%
EPS Next 3Y14.09%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ARRY Dividend Analysis

5.1 Amount

  • ARRY does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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ARRY Fundamentals: All Metrics, Ratios and Statistics

ARRAY TECHNOLOGIES INC

NASDAQ:ARRY (4/14/2026, 12:59:59 PM)

7.435

+0.43 (+6.21%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners134.8%
Inst Owner Change0%
Ins Owners0.61%
Ins Owner Change11.82%
Market Cap1.14B
Revenue(TTM)1.28B
Net Income(TTM)-112.03M
Analysts75.63
Price Target10.2 (37.19%)
Short Float %16.18%
Short Ratio4.14
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.99%
Min EPS beat(2)-11.66%
Max EPS beat(2)45.64%
EPS beat(4)3
Avg EPS beat(4)25.36%
Min EPS beat(4)-11.66%
Max EPS beat(4)45.64%
EPS beat(8)6
Avg EPS beat(8)58.87%
EPS beat(12)10
Avg EPS beat(12)116.21%
EPS beat(16)14
Avg EPS beat(16)110.2%
Revenue beat(2)2
Avg Revenue beat(2)14.27%
Min Revenue beat(2)4.52%
Max Revenue beat(2)24.01%
Revenue beat(4)4
Avg Revenue beat(4)15.73%
Min Revenue beat(4)4.52%
Max Revenue beat(4)24.01%
Revenue beat(8)7
Avg Revenue beat(8)9.57%
Revenue beat(12)10
Avg Revenue beat(12)8.35%
Revenue beat(16)14
Avg Revenue beat(16)10.3%
PT rev (1m)-9.9%
PT rev (3m)-8.28%
EPS NQ rev (1m)-1.65%
EPS NQ rev (3m)-127.21%
EPS NY rev (1m)-1.86%
EPS NY rev (3m)-19.03%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-39.83%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)1.78%
Valuation
Industry RankSector Rank
PE 11.1
Fwd PE 10.45
P/S 0.88
P/FCF 14.24
P/OCF 11.17
P/B 4.36
P/tB N/A
EV/EBITDA 10.22
EPS(TTM)0.67
EY9.01%
EPS(NY)0.71
Fwd EY9.57%
FCF(TTM)0.52
FCFY7.02%
OCF(TTM)0.67
OCFY8.96%
SpS8.4
BVpS1.7
TBVpS-0.74
PEG (NY)1.78
PEG (5Y)N/A
Graham Number5.07
Profitability
Industry RankSector Rank
ROA -7.72%
ROE -43.03%
ROCE 9.59%
ROIC 7.58%
ROICexc 9.81%
ROICexgc 17.83%
OM 8.03%
PM (TTM) N/A
GM 25.55%
FCFM 6.22%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-5.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.55%
GM growth 5Y1.91%
F-Score5
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF 8.91
Debt/EBITDA 4.66
Cap/Depr 46.46%
Cap/Sales 1.71%
Interest Coverage 6.42
Cash Conversion 67.69%
Profit Quality N/A
Current Ratio 2.31
Quick Ratio 1.91
Altman-Z 1.66
F-Score5
WACC7.7%
ROIC/WACC0.98
Cap/Depr(3y)37.55%
Cap/Depr(5y)27.25%
Cap/Sales(3y)1.61%
Cap/Sales(5y)1.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.56%
EPS 3Y24.17%
EPS 5YN/A
EPS Q2Q%-106.25%
EPS Next Y6.23%
EPS Next 2Y15.5%
EPS Next 3Y14.09%
EPS Next 5Y4.77%
Revenue 1Y (TTM)40.22%
Revenue growth 3Y-7.78%
Revenue growth 5Y8.03%
Sales Q2Q%-17.87%
Revenue Next Year14.48%
Revenue Next 2Y11.2%
Revenue Next 3Y9.13%
Revenue Next 5Y5.88%
EBIT growth 1Y2.16%
EBIT growth 3YN/A
EBIT growth 5Y1.6%
EBIT Next Year78.86%
EBIT Next 3Y31.87%
EBIT Next 5Y16.16%
FCF growth 1Y-41.05%
FCF growth 3Y-15.2%
FCF growth 5YN/A
OCF growth 1Y-33.9%
OCF growth 3Y-10.4%
OCF growth 5YN/A

ARRAY TECHNOLOGIES INC / ARRY Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ARRAY TECHNOLOGIES INC (ARRY) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ARRY.


What is the valuation status of ARRAY TECHNOLOGIES INC (ARRY) stock?

ChartMill assigns a valuation rating of 7 / 10 to ARRAY TECHNOLOGIES INC (ARRY). This can be considered as Undervalued.


What is the profitability of ARRY stock?

ARRAY TECHNOLOGIES INC (ARRY) has a profitability rating of 4 / 10.


What is the financial health of ARRAY TECHNOLOGIES INC (ARRY) stock?

The financial health rating of ARRAY TECHNOLOGIES INC (ARRY) is 4 / 10.


How sustainable is the dividend of ARRAY TECHNOLOGIES INC (ARRY) stock?

The dividend rating of ARRAY TECHNOLOGIES INC (ARRY) is 0 / 10 and the dividend payout ratio is 0%.