ARRAY TECHNOLOGIES INC (ARRY) Stock Fundamental Analysis
NASDAQ:ARRY - Nasdaq - US04271T1007 - Common Stock - Currency: USD
Overall ARRY gets a fundamental rating of 5 out of 10. We evaluated ARRY against 97 industry peers in the Electrical Equipment industry. ARRY has only an average score on both its financial health and profitability. ARRY is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year ARRY was profitable.
In the past year ARRY had a positive cash flow from operations.
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 (-20.76%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of -102.50%, ARRY is doing worse than 62.89% of the companies in the same industry.
The Return On Invested Capital of ARRY (7.91%) is better than 81.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.76% | ||
| ROE | -102.5% | ||
| ROIC | 7.91% |
ROA(3y)-6.1%
ROA(5y)-3.02%
ROE(3y)-32.93%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ARRY has a better Operating Margin (11.02%) than 80.41% of its industry peers.
In the last couple of years the Operating Margin of ARRY has declined.
ARRY's Gross Margin of 32.50% is fine compared to the rest of the industry. ARRY outperforms 75.26% of its industry peers.
ARRY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.02% | ||
| PM (TTM) | N/A | ||
| GM | 32.5% |
OM growth 3YN/A
OM growth 5Y-3.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.56%
GM growth 5Y6.91%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ARRY is still creating some value.
The number of shares outstanding for ARRY has been increased compared to 1 year ago.
The number of shares outstanding for ARRY has been increased compared to 5 years ago.
ARRY has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.33, we must say that ARRY is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of ARRY (1.33) is comparable to the rest of the industry.
ARRY has a debt to FCF ratio of 5.00. This is a neutral value as ARRY would need 5.00 years to pay back of all of its debts.
The Debt to FCF ratio of ARRY (5.00) is better than 71.13% of its industry peers.
A Debt/Equity ratio of 2.24 is on the high side and indicates that ARRY has dependencies on debt financing.
The Debt to Equity ratio of ARRY (2.24) is worse than 74.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 5 | ||
| Altman-Z | 1.33 |
ROIC/WACC1.18
WACC6.7%
2.3 Liquidity
ARRY has a Current Ratio of 2.28. This indicates that ARRY is financially healthy and has no problem in meeting its short term obligations.
ARRY has a Current ratio of 2.28. This is in the better half of the industry: ARRY outperforms 68.04% of its industry peers.
ARRY has a Quick Ratio of 1.82. 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 1.82 is fine compared to the rest of the industry. ARRY outperforms 72.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.28 | ||
| Quick Ratio | 1.82 |
3. Growth
3.1 Past
ARRY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.02%.
The Earnings Per Share has been growing by 65.57% on average over the past years. This is a very strong growth
ARRY shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -41.91%.
ARRY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.17% yearly.
EPS 1Y (TTM)-48.02%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%-23.81%
Revenue 1Y (TTM)-41.91%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%-19.43%
3.2 Future
ARRY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.75% yearly.
The Revenue is expected to grow by 10.55% on average over the next years. This is quite good.
EPS Next Y6.98%
EPS Next 2Y17.78%
EPS Next 3Y14.72%
EPS Next 5Y8.75%
Revenue Next Year20.29%
Revenue Next 2Y16.44%
Revenue Next 3Y14.28%
Revenue Next 5Y10.55%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.71, the valuation of ARRY can be described as very cheap.
94.85% of the companies in the same industry are more expensive than ARRY, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.64, ARRY is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.21, the valuation of ARRY can be described as very cheap.
Based on the Price/Forward Earnings ratio, ARRY is valued cheaply inside the industry as 95.88% of the companies are valued more expensively.
ARRY is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.71 | ||
| Fwd PE | 7.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ARRY is valued cheaply inside the industry as 93.81% of the companies are valued more expensively.
ARRY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ARRY is cheaper than 97.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.13 | ||
| EV/EBITDA | 6.34 |
4.3 Compensation for Growth
ARRY's 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 14.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.11
PEG (5Y)N/A
EPS Next 2Y17.78%
EPS Next 3Y14.72%
5. Dividend
5.1 Amount
ARRY does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:ARRY (4/24/2025, 3:18:55 PM)
4.55
+0.22 (+5.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners124.24%
Inst Owner Change-1.76%
Ins Owners0.27%
Ins Owner Change3.8%
Market Cap693.92M
Analysts76.36
Price Target8.68 (90.77%)
Short Float %14.06%
Short Ratio3.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)5.9%
Min EPS beat(2)-9.27%
Max EPS beat(2)21.06%
EPS beat(4)3
Avg EPS beat(4)92.38%
Min EPS beat(4)-9.27%
Max EPS beat(4)281%
EPS beat(8)7
Avg EPS beat(8)161.64%
EPS beat(12)11
Avg EPS beat(12)138.48%
EPS beat(16)12
Avg EPS beat(16)138.23%
Revenue beat(2)1
Avg Revenue beat(2)-0.98%
Min Revenue beat(2)-2.47%
Max Revenue beat(2)0.51%
Revenue beat(4)3
Avg Revenue beat(4)3.41%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)8.26%
Revenue beat(8)6
Avg Revenue beat(8)4.66%
Revenue beat(12)10
Avg Revenue beat(12)8.49%
Revenue beat(16)11
Avg Revenue beat(16)4.78%
PT rev (1m)-9.78%
PT rev (3m)-17.12%
EPS NQ rev (1m)3.88%
EPS NQ rev (3m)-7.55%
EPS NY rev (1m)-21.73%
EPS NY rev (3m)-22.9%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)15.96%
Revenue NY rev (1m)-0.45%
Revenue NY rev (3m)-2.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.71 | ||
| Fwd PE | 7.21 | ||
| P/S | 0.76 | ||
| P/FCF | 5.13 | ||
| P/OCF | 4.51 | ||
| P/B | 2.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.34 |
EPS(TTM)0.59
EY12.97%
EPS(NY)0.63
Fwd EY13.87%
FCF(TTM)0.89
FCFY19.51%
OCF(TTM)1.01
OCFY22.19%
SpS6
BVpS1.89
TBVpS-0.35
PEG (NY)1.11
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.76% | ||
| ROE | -102.5% | ||
| ROCE | 10.21% | ||
| ROIC | 7.91% | ||
| ROICexc | 12.5% | ||
| ROICexgc | 27.56% | ||
| OM | 11.02% | ||
| PM (TTM) | N/A | ||
| GM | 32.5% | ||
| FCFM | 14.78% |
ROA(3y)-6.1%
ROA(5y)-3.02%
ROE(3y)-32.93%
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 3YN/A
ROICexc growth 5Y-46.48%
OM growth 3YN/A
OM growth 5Y-3.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y49.56%
GM growth 5Y6.91%
F-Score3
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 5 | ||
| Debt/EBITDA | 4.21 | ||
| Cap/Depr | 35.21% | ||
| Cap/Sales | 2.03% | ||
| Interest Coverage | 2.61 | ||
| Cash Conversion | 100.2% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.28 | ||
| Quick Ratio | 1.82 | ||
| Altman-Z | 1.33 |
F-Score3
WACC6.7%
ROIC/WACC1.18
Cap/Depr(3y)25.56%
Cap/Depr(5y)18.91%
Cap/Sales(3y)1.25%
Cap/Sales(5y)0.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-48.02%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%-23.81%
EPS Next Y6.98%
EPS Next 2Y17.78%
EPS Next 3Y14.72%
EPS Next 5Y8.75%
Revenue 1Y (TTM)-41.91%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%-19.43%
Revenue Next Year20.29%
Revenue Next 2Y16.44%
Revenue Next 3Y14.28%
Revenue Next 5Y10.55%
EBIT growth 1Y-52.88%
EBIT growth 3YN/A
EBIT growth 5Y3.88%
EBIT Next Year476.61%
EBIT Next 3Y92.67%
EBIT Next 5Y51.4%
FCF growth 1Y-37.01%
FCF growth 3YN/A
FCF growth 5Y-18.84%
OCF growth 1Y-33.62%
OCF growth 3YN/A
OCF growth 5Y-16.79%