9 USD
+0.15 (+1.69%)
9.02 USD
+0.02 (+0.22%)
ARRY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 91 industry peers in the Electrical Equipment industry. ARRY has a medium profitability rating, but doesn't score so well on its financial health evaluation. An interesting combination arises when we look at growth and value: ARRY is growing strongly while it also seems undervalued.
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.
In multiple years ARRY reported negative operating cash flow during the last 5 years.
1.2 Ratios
ARRY's Return On Assets of -5.72% is fine compared to the rest of the industry. ARRY outperforms 60.44% of its industry peers.
Looking at the Return On Equity, with a value of -22.77%, ARRY is in line with its industry, outperforming 56.04% of the companies in the same industry.
ARRY has a better Return On Invested Capital (9.59%) than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.72% | ||
| ROE | -22.77% | ||
| ROIC | 9.59% |
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 (10.70%) than 80.22% of its industry peers.
In the last couple of years the Operating Margin of ARRY has declined.
The Gross Margin of ARRY (26.82%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ARRY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.7% | ||
| PM (TTM) | N/A | ||
| GM | 26.82% |
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.
ARRY has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ARRY has more shares outstanding
Compared to 1 year ago, ARRY has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.86 indicates that ARRY is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.86, ARRY perfoms like the industry average, outperforming 58.24% of the companies in the same industry.
The Debt to FCF ratio of ARRY is 7.72, which is on the high side as it means it would take ARRY, 7.72 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ARRY (7.72) is better than 69.23% of its industry peers.
A Debt/Equity ratio of 1.63 is on the high side and indicates that ARRY has dependencies on debt financing.
The Debt to Equity ratio of ARRY (1.63) is worse than 64.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 7.72 | ||
| Altman-Z | 1.86 |
ROIC/WACC1.3
WACC7.36%
2.3 Liquidity
A Current Ratio of 1.89 indicates that ARRY should not have too much problems paying its short term obligations.
ARRY has a Current ratio (1.89) which is in line with its industry peers.
ARRY has a Quick Ratio of 1.50. 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 (1.50) is better than 63.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
ARRY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.25%, which is quite impressive.
ARRY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 65.57% yearly.
The Revenue has grown by 35.75% in the past year. This is a very strong growth!
ARRY shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.17% yearly.
EPS 1Y (TTM)31.25%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%76.47%
Revenue 1Y (TTM)35.75%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%70.04%
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 11.61% yearly.
The Revenue is expected to grow by 11.95% on average over the next years. This is quite good.
EPS Next Y16.11%
EPS Next 2Y22.06%
EPS Next 3Y20.1%
EPS Next 5Y11.61%
Revenue Next Year39.03%
Revenue Next 2Y25.39%
Revenue Next 3Y18.93%
Revenue Next 5Y11.95%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
ARRY is valuated reasonably with a Price/Earnings ratio of 10.71.
95.60% of the companies in the same industry are more expensive than ARRY, based on the Price/Earnings ratio.
ARRY is valuated cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.24, the valuation of ARRY can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 95.60% of the companies listed in the same industry.
ARRY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.71 | ||
| Fwd PE | 10.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ARRY is valued cheaply inside the industry as 95.60% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ARRY is valued cheaply inside the industry as 91.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.58 | ||
| EV/EBITDA | 9.68 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ARRY's earnings are expected to grow with 20.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y22.06%
EPS Next 3Y20.1%
5. Dividend
5.1 Amount
No dividends for ARRY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
9
+0.15 (+1.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners136.7%
Inst Owner Change0%
Ins Owners0.5%
Ins Owner Change0.2%
Market Cap1.37B
Revenue(TTM)1.33B
Net Income(TTM)-92.11M
Analysts76.36
Price Target11.13 (23.67%)
Short Float %25.7%
Short Ratio6.11
Dividend
| Industry Rank | Sector 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)2
Avg EPS beat(2)35.33%
Min EPS beat(2)25.01%
Max EPS beat(2)45.64%
EPS beat(4)3
Avg EPS beat(4)25.95%
Min EPS beat(4)-9.27%
Max EPS beat(4)45.64%
EPS beat(8)7
Avg EPS beat(8)70.72%
EPS beat(12)11
Avg EPS beat(12)118.82%
EPS beat(16)14
Avg EPS beat(16)104.93%
Revenue beat(2)2
Avg Revenue beat(2)23.14%
Min Revenue beat(2)22.27%
Max Revenue beat(2)24.01%
Revenue beat(4)4
Avg Revenue beat(4)14.72%
Min Revenue beat(4)0.51%
Max Revenue beat(4)24.01%
Revenue beat(8)7
Avg Revenue beat(8)9.8%
Revenue beat(12)10
Avg Revenue beat(12)8.59%
Revenue beat(16)14
Avg Revenue beat(16)10.07%
PT rev (1m)0.35%
PT rev (3m)22.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-99.86%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-0.31%
Revenue NQ rev (1m)-0.98%
Revenue NQ rev (3m)-9.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.71 | ||
| Fwd PE | 10.24 | ||
| P/S | 1.03 | ||
| P/FCF | 15.58 | ||
| P/OCF | 11.88 | ||
| P/B | 3.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.68 |
EPS(TTM)0.84
EY9.33%
EPS(NY)0.88
Fwd EY9.77%
FCF(TTM)0.58
FCFY6.42%
OCF(TTM)0.76
OCFY8.42%
SpS8.73
BVpS2.65
TBVpS-0.56
PEG (NY)0.66
PEG (5Y)N/A
Graham Number7.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.72% | ||
| ROE | -22.77% | ||
| ROCE | 12.38% | ||
| ROIC | 9.59% | ||
| ROICexc | 11.87% | ||
| ROICexgc | 25.04% | ||
| OM | 10.7% | ||
| PM (TTM) | N/A | ||
| GM | 26.82% | ||
| FCFM | 6.62% |
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 7.72 | ||
| Debt/EBITDA | 3.52 | ||
| Cap/Depr | 61.76% | ||
| Cap/Sales | 2.06% | ||
| Interest Coverage | 5.22 | ||
| Cash Conversion | 61.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.89 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 1.86 |
F-Score5
WACC7.36%
ROIC/WACC1.3
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)31.25%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%76.47%
EPS Next Y16.11%
EPS Next 2Y22.06%
EPS Next 3Y20.1%
EPS Next 5Y11.61%
Revenue 1Y (TTM)35.75%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%70.04%
Revenue Next Year39.03%
Revenue Next 2Y25.39%
Revenue Next 3Y18.93%
Revenue Next 5Y11.95%
EBIT growth 1Y32.64%
EBIT growth 3YN/A
EBIT growth 5Y3.88%
EBIT Next Year483.29%
EBIT Next 3Y97.21%
EBIT Next 5Y49.43%
FCF growth 1Y-59.88%
FCF growth 3YN/A
FCF growth 5Y-18.84%
OCF growth 1Y-50.86%
OCF growth 3YN/A
OCF growth 5Y-16.79%
ARRAY TECHNOLOGIES INC / ARRY FAQ
What is the ChartMill fundamental rating of ARRAY TECHNOLOGIES INC (ARRY) stock?
ChartMill assigns a fundamental rating of 5 / 10 to ARRY.
What is the valuation status of ARRAY TECHNOLOGIES INC (ARRY) stock?
ChartMill assigns a valuation rating of 8 / 10 to ARRAY TECHNOLOGIES INC (ARRY). This can be considered as Undervalued.
Can you provide the profitability details for ARRAY TECHNOLOGIES INC?
ARRAY TECHNOLOGIES INC (ARRY) has a profitability rating of 4 / 10.
Can you provide the financial health for ARRY stock?
The financial health rating of ARRAY TECHNOLOGIES INC (ARRY) is 3 / 10.
Is the dividend of ARRAY TECHNOLOGIES INC sustainable?
The dividend rating of ARRAY TECHNOLOGIES INC (ARRY) is 0 / 10 and the dividend payout ratio is 0%.