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 93 industry peers in the Electrical Equipment industry. Both the profitability and the financial health of ARRY get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on ARRY.
1. Profitability
1.1 Basic Checks
ARRY had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of -19.81%, ARRY is in line with its industry, outperforming 50.54% of the companies in the same industry.
ARRY's Return On Equity of -87.28% is in line compared to the rest of the industry. ARRY outperforms 43.01% of its industry peers.
With an excellent Return On Invested Capital value of 9.12%, ARRY belongs to the best of the industry, outperforming 81.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.81% | ||
| ROE | -87.28% | ||
| ROIC | 9.12% |
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
The Operating Margin of ARRY (11.25%) is better than 79.57% of its industry peers.
ARRY's Operating Margin has declined in the last couple of years.
ARRY has a Gross Margin of 29.96%. This is in the better half of the industry: ARRY outperforms 69.89% of its industry peers.
ARRY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.25% | ||
| PM (TTM) | N/A | ||
| GM | 29.96% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ARRY is creating some value.
ARRY has more shares outstanding than it did 1 year ago.
The number of shares outstanding for ARRY has been increased compared to 5 years ago.
Compared to 1 year ago, ARRY has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.77, we must say that ARRY is in the distress zone and has some risk of bankruptcy.
ARRY has a Altman-Z score of 1.77. This is comparable to the rest of the industry: ARRY outperforms 55.91% of its industry peers.
The Debt to FCF ratio of ARRY is 9.07, which is on the high side as it means it would take ARRY, 9.07 years of fcf income to pay off all of its debts.
ARRY's Debt to FCF ratio of 9.07 is fine compared to the rest of the industry. ARRY outperforms 69.89% of its industry peers.
ARRY has a Debt/Equity ratio of 1.99. This is a high value indicating a heavy dependency on external financing.
ARRY has a Debt to Equity ratio of 1.99. This is in the lower half of the industry: ARRY underperforms 75.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 9.07 | ||
| Altman-Z | 1.77 |
ROIC/WACC1.24
WACC7.33%
2.3 Liquidity
ARRY has a Current Ratio of 2.39. This indicates that ARRY is financially healthy and has no problem in meeting its short term obligations.
ARRY has a Current ratio of 2.39. This is in the better half of the industry: ARRY outperforms 66.67% of its industry peers.
A Quick Ratio of 1.93 indicates that ARRY should not have too much problems paying its short term obligations.
ARRY's Quick ratio of 1.93 is fine compared to the rest of the industry. ARRY outperforms 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.39 | ||
| Quick Ratio | 1.93 |
3. Growth
3.1 Past
The earnings per share for ARRY have decreased strongly by -30.16% in the last year.
Measured over the past years, ARRY shows a very strong growth in Earnings Per Share. The EPS has been growing by 65.57% on average per year.
ARRY shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.31%.
The Revenue has been growing slightly by 7.17% on average over the past years.
EPS 1Y (TTM)-30.16%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%116.67%
Revenue 1Y (TTM)-21.31%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%97.1%
3.2 Future
Based on estimates for the next years, ARRY will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.01% on average per year.
ARRY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.73% yearly.
EPS Next Y10.23%
EPS Next 2Y19.96%
EPS Next 3Y16.2%
EPS Next 5Y12.01%
Revenue Next Year22.45%
Revenue Next 2Y17.73%
Revenue Next 3Y14.99%
Revenue Next 5Y10.73%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
A Price/Earnings ratio of 11.21 indicates a reasonable valuation of ARRY.
92.47% of the companies in the same industry are more expensive than ARRY, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.41. ARRY is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 8.72 indicates a reasonable valuation of ARRY.
ARRY's Price/Forward Earnings ratio is rather cheap when compared to the industry. ARRY is cheaper than 95.70% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, ARRY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.21 | ||
| Fwd PE | 8.72 |
4.2 Price Multiples
ARRY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ARRY is cheaper than 94.62% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ARRY is valued cheaper than 90.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.08 | ||
| EV/EBITDA | 8.73 |
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 16.20% in the coming years.
PEG (NY)1.1
PEG (5Y)N/A
EPS Next 2Y19.96%
EPS Next 3Y16.2%
5. Dividend
5.1 Amount
No dividends for ARRY!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:ARRY (7/14/2025, 3:47:08 PM)
7.4
-0.07 (-0.94%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners112.77%
Inst Owner Change0.09%
Ins Owners0.5%
Ins Owner Change10.32%
Market Cap1.13B
Analysts76
Price Target8.74 (18.11%)
Short Float %13.51%
Short Ratio2.44
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)16.58%
Min EPS beat(2)-9.27%
Max EPS beat(2)42.44%
EPS beat(4)3
Avg EPS beat(4)32.74%
Min EPS beat(4)-9.27%
Max EPS beat(4)76.73%
EPS beat(8)7
Avg EPS beat(8)89.33%
EPS beat(12)11
Avg EPS beat(12)136.35%
EPS beat(16)13
Avg EPS beat(16)141.22%
Revenue beat(2)2
Avg Revenue beat(2)6.31%
Min Revenue beat(2)0.51%
Max Revenue beat(2)12.1%
Revenue beat(4)3
Avg Revenue beat(4)4.6%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)12.1%
Revenue beat(8)6
Avg Revenue beat(8)4.34%
Revenue beat(12)10
Avg Revenue beat(12)8.79%
Revenue beat(16)12
Avg Revenue beat(16)5.6%
PT rev (1m)2.14%
PT rev (3m)0.64%
EPS NQ rev (1m)1.19%
EPS NQ rev (3m)8.02%
EPS NY rev (1m)1.47%
EPS NY rev (3m)2.29%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)2.13%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)1.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.21 | ||
| Fwd PE | 8.72 | ||
| P/S | 1.06 | ||
| P/FCF | 15.08 | ||
| P/OCF | 12.08 | ||
| P/B | 3.49 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.73 |
EPS(TTM)0.66
EY8.92%
EPS(NY)0.85
Fwd EY11.47%
FCF(TTM)0.49
FCFY6.63%
OCF(TTM)0.61
OCFY8.28%
SpS6.98
BVpS2.12
TBVpS-0.11
PEG (NY)1.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.81% | ||
| ROE | -87.28% | ||
| ROCE | 11.77% | ||
| ROIC | 9.12% | ||
| ROICexc | 13.87% | ||
| ROICexgc | 28.26% | ||
| OM | 11.25% | ||
| PM (TTM) | N/A | ||
| GM | 29.96% | ||
| FCFM | 7.03% |
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 Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 9.07 | ||
| Debt/EBITDA | 3.83 | ||
| Cap/Depr | 38.15% | ||
| Cap/Sales | 1.74% | ||
| Interest Coverage | 3.5 | ||
| Cash Conversion | 55.49% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.39 | ||
| Quick Ratio | 1.93 | ||
| Altman-Z | 1.77 |
F-Score3
WACC7.33%
ROIC/WACC1.24
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)-30.16%
EPS 3Y65.57%
EPS 5YN/A
EPS Q2Q%116.67%
EPS Next Y10.23%
EPS Next 2Y19.96%
EPS Next 3Y16.2%
EPS Next 5Y12.01%
Revenue 1Y (TTM)-21.31%
Revenue growth 3Y2.38%
Revenue growth 5Y7.17%
Sales Q2Q%97.1%
Revenue Next Year22.45%
Revenue Next 2Y17.73%
Revenue Next 3Y14.99%
Revenue Next 5Y10.73%
EBIT growth 1Y-31.57%
EBIT growth 3YN/A
EBIT growth 5Y3.88%
EBIT Next Year480.08%
EBIT Next 3Y89.94%
EBIT Next 5Y51.43%
FCF growth 1Y-66.76%
FCF growth 3YN/A
FCF growth 5Y-18.84%
OCF growth 1Y-60.65%
OCF growth 3YN/A
OCF growth 5Y-16.79%