ARRAY TECHNOLOGIES INC (ARRY) Fundamental Analysis & Valuation

NASDAQ:ARRY • US04271T1007

Current stock price

7.33 USD
+0.05 (+0.69%)
At close:
7.3 USD
-0.03 (-0.41%)
After Hours:

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

  • ARRY had positive earnings in the past year.
  • ARRY had a positive operating cash flow in the past year.
  • In the past 5 years ARRY reported 4 times negative net income.
  • Of the past 5 years ARRY 4 years had a positive operating cash flow.
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's Return On Assets of -7.72% is in line compared to the rest of the industry. ARRY outperforms 58.70% of its industry peers.
  • With a Return On Equity value of -43.03%, ARRY perfoms like the industry average, outperforming 47.83% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 7.58%, ARRY belongs to the top 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's Operating Margin of 8.03% is fine compared to the rest of the industry. ARRY outperforms 77.17% of its industry peers.
  • In the last couple of years the Operating Margin of ARRY has declined.
  • Looking at the Gross Margin, with a value of 25.55%, ARRY is in line with its industry, outperforming 52.17% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ARRY has grown nicely.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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

  • Based on the Altman-Z score of 1.68, we must say that ARRY is in the distress zone and has some risk of bankruptcy.
  • ARRY has a Altman-Z score (1.68) which is in line with its industry peers.
  • ARRY has a debt to FCF ratio of 8.91. This is a slightly negative value and a sign of low solvency as ARRY would need 8.91 years to pay back of all of its debts.
  • The Debt to FCF ratio of ARRY (8.91) is better than 69.57% of its industry peers.
  • A Debt/Equity ratio of 2.69 is on the high side and indicates that ARRY has dependencies on debt financing.
  • ARRY has a Debt to Equity ratio of 2.69. This is in the lower half of the industry: ARRY underperforms 67.39% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.69
Debt/FCF 8.91
Altman-Z 1.68
ROIC/WACC0.97
WACC7.83%
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's Current ratio of 2.31 is fine compared to the rest of the industry. ARRY outperforms 65.22% 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 has a better Quick ratio (1.91) than 77.17% 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.
  • ARRY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.17% yearly.
  • Looking at the last year, ARRY shows a very strong growth in Revenue. The Revenue has grown by 40.22%.
  • Measured over the past years, ARRY shows a quite strong growth in Revenue. The Revenue has been growing by 8.03% on average per year.
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

  • The Earnings Per Share is expected to grow by 4.77% on average over the next years.
  • ARRY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.88% yearly.
EPS Next Y8.24%
EPS Next 2Y15.44%
EPS Next 3Y14.1%
EPS Next 5Y4.77%
Revenue Next Year14.41%
Revenue Next 2Y11.13%
Revenue Next 3Y9%
Revenue Next 5Y5.88%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 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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8

4. ARRY Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.94, the valuation of ARRY can be described as reasonable.
  • Based on the Price/Earnings ratio, ARRY is valued cheaper than 94.57% of the companies in the same industry.
  • ARRY's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.88.
  • ARRY is valuated reasonably with a Price/Forward Earnings ratio of 10.11.
  • Based on the Price/Forward Earnings ratio, ARRY is valued cheaper than 91.30% of the companies in the same industry.
  • ARRY is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.94
Fwd PE 10.11
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 93.48% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ARRY is valued cheaper than 95.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.04
EV/EBITDA 10.51
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

  • ARRY's 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 14.10% in the coming years.
PEG (NY)1.33
PEG (5Y)N/A
EPS Next 2Y15.44%
EPS Next 3Y14.1%

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%

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ARRY Fundamentals: All Metrics, Ratios and Statistics

ARRAY TECHNOLOGIES INC

NASDAQ:ARRY (3/27/2026, 8:01:09 PM)

After market: 7.3 -0.03 (-0.41%)

7.33

+0.05 (+0.69%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners133.18%
Inst Owner Change-6.39%
Ins Owners0.51%
Ins Owner Change11.82%
Market Cap1.12B
Revenue(TTM)1.28B
Net Income(TTM)-112.03M
Analysts75.63
Price Target11.33 (54.57%)
Short Float %17.67%
Short Ratio3.97
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)0.73%
PT rev (3m)2.16%
EPS NQ rev (1m)-126.7%
EPS NQ rev (3m)-126.77%
EPS NY rev (1m)-17.29%
EPS NY rev (3m)-16.53%
Revenue NQ rev (1m)-40.05%
Revenue NQ rev (3m)-39.85%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)1.71%
Valuation
Industry RankSector Rank
PE 10.94
Fwd PE 10.11
P/S 0.87
P/FCF 14.04
P/OCF 11.01
P/B 4.3
P/tB N/A
EV/EBITDA 10.51
EPS(TTM)0.67
EY9.14%
EPS(NY)0.73
Fwd EY9.89%
FCF(TTM)0.52
FCFY7.12%
OCF(TTM)0.67
OCFY9.08%
SpS8.4
BVpS1.7
TBVpS-0.74
PEG (NY)1.33
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 1.68
F-Score5
WACC7.83%
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 Y8.24%
EPS Next 2Y15.44%
EPS Next 3Y14.1%
EPS Next 5Y4.77%
Revenue 1Y (TTM)40.22%
Revenue growth 3Y-7.78%
Revenue growth 5Y8.03%
Sales Q2Q%-17.87%
Revenue Next Year14.41%
Revenue Next 2Y11.13%
Revenue Next 3Y9%
Revenue Next 5Y5.88%
EBIT growth 1Y2.16%
EBIT growth 3YN/A
EBIT growth 5Y1.6%
EBIT Next Year83.43%
EBIT Next 3Y31.81%
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 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 4 / 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%.