ARRAY TECHNOLOGIES INC (ARRY) Fundamental Analysis & Valuation

NASDAQ:ARRY • US04271T1007

Current stock price

7.41 USD
-0.52 (-6.56%)
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

  • ARRY has a Return On Assets (-7.72%) which is in line with its industry peers.
  • ARRY has a Return On Equity of -43.03%. This is comparable to the rest of the industry: ARRY outperforms 46.74% of its industry peers.
  • With an excellent Return On Invested Capital value of 7.58%, ARRY belongs to the best of the industry, outperforming 81.52% of the companies in the same industry.
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

  • ARRY has a better Operating Margin (8.03%) than 76.09% of its industry peers.
  • ARRY's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 25.55%, ARRY perfoms like the industry average, outperforming 54.35% of the companies in the same 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.
  • ARRY has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 1.73. 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 (1.73) which is in line with its industry peers.
  • 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.
  • ARRY has a better Debt to FCF ratio (8.91) than 67.39% of its industry peers.
  • ARRY has a Debt/Equity ratio of 2.69. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 2.69, ARRY is doing worse than 72.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF 8.91
Altman-Z 1.73
ROIC/WACC0.97
WACC7.85%
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.
  • The Current ratio of ARRY (2.31) is better than 64.13% 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.
  • The Quick ratio of ARRY (1.91) is better than 76.09% 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
  • The Revenue has grown by 40.22% in the past year. This is a very strong growth!
  • 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

  • Based on estimates for the next years, ARRY will show a small growth in Earnings Per Share. The EPS will grow by 4.38% on average per year.
  • The Revenue is expected to grow by 6.11% on average over the next years.
EPS Next Y6.23%
EPS Next 2Y15.5%
EPS Next 3Y14.09%
EPS Next 5Y4.38%
Revenue Next Year14.48%
Revenue Next 2Y11.23%
Revenue Next 3Y9.22%
Revenue Next 5Y6.11%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 11.06, which indicates a very decent valuation of ARRY.
  • ARRY's Price/Earnings ratio is rather cheap when compared to the industry. ARRY is cheaper than 96.74% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, ARRY is valued rather cheaply.
  • The Price/Forward Earnings ratio is 10.41, which indicates a very decent valuation of ARRY.
  • Based on the Price/Forward Earnings ratio, ARRY is valued cheaper than 95.65% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. ARRY is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.06
Fwd PE 10.41
ARRY Price Earnings VS Forward Price EarningsARRY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • ARRY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ARRY is cheaper than 93.48% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 94.57% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.21
EV/EBITDA 11.18
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.
  • A more expensive valuation may be justified as ARRY's earnings are expected to grow with 14.09% in the coming years.
PEG (NY)1.77
PEG (5Y)N/A
EPS Next 2Y15.5%
EPS Next 3Y14.09%

More info and screens

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

0

5. ARRY Dividend Analysis

5.1 Amount

  • No dividends for ARRY!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ARRY Fundamentals: All Metrics, Ratios and Statistics

ARRAY TECHNOLOGIES INC

NASDAQ:ARRY (4/29/2026, 1:05:06 PM)

7.41

-0.52 (-6.56%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Industry Strength78.26
Industry Growth70.81
Earnings (Last)02-25
Earnings (Next)05-06
Inst Owners134.8%
Inst Owner Change-1.46%
Ins Owners0.61%
Ins Owner Change11.82%
Market Cap1.13B
Revenue(TTM)1.28B
Net Income(TTM)-112.03M
Analysts75.63
Price Target10.12 (36.57%)
Short Float %16.7%
Short Ratio4.1
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)-10.65%
PT rev (3m)-9.68%
EPS NQ rev (1m)-10.22%
EPS NQ rev (3m)-129.43%
EPS NY rev (1m)-1.86%
EPS NY rev (3m)-19.09%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-40.26%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.34%
Valuation
Industry RankSector Rank
PE 11.06
Fwd PE 10.41
P/S 0.88
P/FCF 14.21
P/OCF 11.14
P/B 4.36
P/tB N/A
EV/EBITDA 11.18
EPS(TTM)0.67
EY9.04%
EPS(NY)0.71
Fwd EY9.61%
FCF(TTM)0.52
FCFY7.04%
OCF(TTM)0.67
OCFY8.98%
SpS8.39
BVpS1.7
TBVpS-0.74
PEG (NY)1.77
PEG (5Y)N/A
Graham Number5.0645 (-31.65%)
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 1.73
F-Score5
WACC7.85%
ROIC/WACC0.97
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 5Y4.38%
Revenue 1Y (TTM)40.22%
Revenue growth 3Y-7.78%
Revenue growth 5Y8.03%
Sales Q2Q%-17.87%
Revenue Next Year14.48%
Revenue Next 2Y11.23%
Revenue Next 3Y9.22%
Revenue Next 5Y6.11%
EBIT growth 1Y2.16%
EBIT growth 3YN/A
EBIT growth 5Y1.6%
EBIT Next Year78.86%
EBIT Next 3Y31.87%
EBIT Next 5Y16.34%
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%.