ARRAY TECHNOLOGIES INC (ARRY) Fundamental Analysis & Valuation

NASDAQ:ARRY • US04271T1007

Current stock price

7.93 USD
-0.04 (-0.5%)
At close:
7.93 USD
0 (0%)
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

  • In the past year ARRY was profitable.
  • In the past year ARRY had a positive cash flow from operations.
  • ARRY had negative earnings in 4 of the past 5 years.
  • 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 comparable to the rest of the industry.
  • ARRY has a Return On Equity (-43.03%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of ARRY (7.58%) is better than 81.52% 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

  • Looking at the Operating Margin, with a value of 8.03%, ARRY is in the better half of the industry, outperforming 76.09% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ARRY has declined.
  • ARRY's Gross Margin of 25.55% is in line compared to the rest of the industry. ARRY outperforms 54.35% of its industry peers.
  • 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

  • ARRY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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

  • Based on the Altman-Z score of 1.73, we must say that ARRY is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of ARRY (1.73) 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.
  • ARRY has a Debt to FCF ratio of 8.91. This is in the better half of the industry: ARRY outperforms 67.39% 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.
  • With a Debt to Equity ratio value of 2.69, ARRY is not doing good in the industry: 72.83% of the companies in the same industry are doing better.
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

  • A Current Ratio of 2.31 indicates that ARRY has no problem at all paying its short term obligations.
  • ARRY's Current ratio of 2.31 is fine compared to the rest of the industry. ARRY outperforms 64.13% of its industry peers.
  • A Quick Ratio of 1.91 indicates that ARRY should not have too much problems paying its short term obligations.
  • ARRY's Quick ratio of 1.91 is fine compared to the rest of the industry. ARRY outperforms 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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5

3. ARRY Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.56% over the past year.
  • ARRY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.17% yearly.
  • The Revenue has grown by 40.22% in the past year. This is a very strong growth!
  • 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

  • ARRY is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.38% yearly.
  • ARRY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.11% yearly.
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

  • 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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7

4. ARRY Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.84, the valuation of ARRY can be described as reasonable.
  • Based on the Price/Earnings ratio, ARRY is valued cheaper than 96.74% of the companies in the same industry.
  • ARRY is valuated cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.14, which indicates a very decent valuation of ARRY.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ARRY indicates a rather cheap valuation: ARRY is cheaper than 95.65% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.99, ARRY is valued a bit cheaper.
Industry RankSector Rank
PE 11.84
Fwd PE 11.14
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 94.57% of the companies in the same industry.
  • ARRY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ARRY is cheaper than 94.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.21
EV/EBITDA 11.22
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ARRY does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as ARRY's earnings are expected to grow with 14.09% in the coming years.
PEG (NY)1.9
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 (4/28/2026, 8:13:31 PM)

After market: 7.93 0 (0%)

7.93

-0.04 (-0.5%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)02-25
Earnings (Next)05-06
Inst Owners134.8%
Inst Owner Change-1.46%
Ins Owners0.61%
Ins Owner Change11.82%
Market Cap1.21B
Revenue(TTM)1.28B
Net Income(TTM)-112.03M
Analysts75.63
Price Target10.12 (27.62%)
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 11.84
Fwd PE 11.14
P/S 0.95
P/FCF 15.21
P/OCF 11.92
P/B 4.66
P/tB N/A
EV/EBITDA 11.22
EPS(TTM)0.67
EY8.45%
EPS(NY)0.71
Fwd EY8.98%
FCF(TTM)0.52
FCFY6.58%
OCF(TTM)0.67
OCFY8.39%
SpS8.39
BVpS1.7
TBVpS-0.74
PEG (NY)1.9
PEG (5Y)N/A
Graham Number5.0645 (-36.13%)
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%.