ATLANTICA SUSTAINABLE INFRAS (AY) Stock Fundamental Analysis
NASDAQ:AY - Nasdaq - GB00BLP5YB54 - Common Stock - Currency: USD
Taking everything into account, AY scores 5 out of 10 in our fundamental rating. AY was compared to 20 industry peers in the Independent Power and Renewable Electricity Producers industry. There are concerns on the financial health of AY while its profitability can be described as average. AY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
AY had positive earnings in the past year.
In the past year AY had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AY reported negative net income in multiple years.
Each year in the past 5 years AY had a positive operating cash flow.
1.2 Ratios
AY has a Return On Assets of 0.35%. This is comparable to the rest of the industry: AY outperforms 45.45% of its industry peers.
Looking at the Return On Equity, with a value of 2.32%, AY is in line with its industry, outperforming 45.45% of the companies in the same industry.
AY's Return On Invested Capital of 3.65% is fine compared to the rest of the industry. AY outperforms 68.18% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AY is in line with the industry average of 3.79%.
The last Return On Invested Capital (3.65%) for AY is above the 3 year average (3.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.35% | ||
| ROE | 2.32% | ||
| ROIC | 3.65% |
ROA(3y)0.04%
ROA(5y)0.18%
ROE(3y)0.25%
ROE(5y)1.13%
ROIC(3y)3%
ROIC(5y)3.33%
1.3 Margins
AY's Profit Margin of 2.59% is in line compared to the rest of the industry. AY outperforms 45.45% of its industry peers.
In the last couple of years the Profit Margin of AY has remained more or less at the same level.
AY's Operating Margin of 30.88% is amongst the best of the industry. AY outperforms 81.82% of its industry peers.
AY's Operating Margin has declined in the last couple of years.
AY's Gross Margin of 97.65% is amongst the best of the industry. AY outperforms 100.00% of its industry peers.
AY's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.88% | ||
| PM (TTM) | 2.59% | ||
| GM | 97.65% |
OM growth 3Y-5.48%
OM growth 5Y-7.83%
PM growth 3Y49.34%
PM growth 5Y-0.21%
GM growth 3Y1.16%
GM growth 5Y0.67%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AY is destroying value.
The number of shares outstanding for AY remains at a similar level compared to 1 year ago.
AY has more shares outstanding than it did 5 years ago.
AY has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.66, we must say that AY is in the distress zone and has some risk of bankruptcy.
AY has a better Altman-Z score (0.66) than 68.18% of its industry peers.
AY has a debt to FCF ratio of 25.70. This is a negative value and a sign of low solvency as AY would need 25.70 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 25.70, AY is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
AY has a Debt/Equity ratio of 3.76. This is a high value indicating a heavy dependency on external financing.
AY's Debt to Equity ratio of 3.76 is on the low side compared to the rest of the industry. AY is outperformed by 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 25.7 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.67
WACC5.44%
2.3 Liquidity
A Current Ratio of 1.25 indicates that AY should not have too much problems paying its short term obligations.
AY has a Current ratio (1.25) which is in line with its industry peers.
A Quick Ratio of 1.20 indicates that AY should not have too much problems paying its short term obligations.
AY has a Quick ratio of 1.20. This is comparable to the rest of the industry: AY outperforms 59.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
AY shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.56%.
Measured over the past 5 years, AY shows a small growth in Earnings Per Share. The EPS has been growing by 0.48% on average per year.
The Revenue has been growing slightly by 5.25% in the past year.
Measured over the past years, AY shows a small growth in Revenue. The Revenue has been growing by 1.05% on average per year.
EPS 1Y (TTM)-32.56%
EPS 3Y47.83%
EPS 5Y0.48%
EPS Q2Q%-22.22%
Revenue 1Y (TTM)5.25%
Revenue growth 3Y2.77%
Revenue growth 5Y1.05%
Sales Q2Q%14.34%
3.2 Future
Based on estimates for the next years, AY will show a very strong growth in Earnings Per Share. The EPS will grow by 29.87% on average per year.
AY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.93% yearly.
EPS Next Y-33.79%
EPS Next 2Y42.67%
EPS Next 3Y49.96%
EPS Next 5Y29.87%
Revenue Next Year2.26%
Revenue Next 2Y5.75%
Revenue Next 3Y5.78%
Revenue Next 5Y5.93%
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 accelerating.
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
AY is valuated quite expensively with a Price/Earnings ratio of 75.83.
AY's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of AY to the average of the S&P500 Index (28.88), we can say AY is valued expensively.
AY is valuated quite expensively with a Price/Forward Earnings ratio of 25.72.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AY indicates a rather cheap valuation: AY is cheaper than 81.82% of the companies listed in the same industry.
AY's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 21.20.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.83 | ||
| Fwd PE | 25.72 |
4.2 Price Multiples
90.91% of the companies in the same industry are more expensive than AY, based on the Enterprise Value to EBITDA ratio.
90.91% of the companies in the same industry are more expensive than AY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.04 | ||
| EV/EBITDA | 9.24 |
4.3 Compensation for Growth
AY has a very decent profitability rating, which may justify a higher PE ratio.
AY's earnings are expected to grow with 49.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)156.96
EPS Next 2Y42.67%
EPS Next 3Y49.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.09%, AY is a good candidate for dividend investing.
AY's Dividend Yield is rather good when compared to the industry average which is at 8.20. AY pays more dividend than 90.91% of the companies in the same industry.
AY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.09% |
5.2 History
The dividend of AY has a limited annual growth rate of 4.49%.
AY has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of AY decreased recently.
Dividend Growth(5Y)4.49%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AY pays out 688.97% of its income as dividend. This is not a sustainable payout ratio.
AY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP688.97%
EPS Next 2Y42.67%
EPS Next 3Y49.96%
21.99
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners52.02%
Inst Owner Change-0.13%
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap2.55B
Analysts45
Price Target22.27 (1.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.09% |
Yearly Dividend1.78
Dividend Growth(5Y)4.49%
DP688.97%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-56.75%
Min EPS beat(2)-65.15%
Max EPS beat(2)-48.35%
EPS beat(4)2
Avg EPS beat(4)15.74%
Min EPS beat(4)-65.15%
Max EPS beat(4)109.23%
EPS beat(8)5
Avg EPS beat(8)16.85%
EPS beat(12)5
Avg EPS beat(12)-14.06%
EPS beat(16)5
Avg EPS beat(16)-36.05%
Revenue beat(2)1
Avg Revenue beat(2)0.8%
Min Revenue beat(2)-2.37%
Max Revenue beat(2)3.97%
Revenue beat(4)1
Avg Revenue beat(4)-0.86%
Min Revenue beat(4)-2.82%
Max Revenue beat(4)3.97%
Revenue beat(8)1
Avg Revenue beat(8)-5.44%
Revenue beat(12)1
Avg Revenue beat(12)-7.24%
Revenue beat(16)4
Avg Revenue beat(16)-4.29%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-30.64%
EPS NQ rev (3m)-1172.71%
EPS NY rev (1m)-15.62%
EPS NY rev (3m)-1.82%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-13.55%
Revenue NY rev (1m)-3.05%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 75.83 | ||
| Fwd PE | 25.72 | ||
| P/S | 2.2 | ||
| P/FCF | 12.04 | ||
| P/OCF | 6.98 | ||
| P/B | 1.98 | ||
| P/tB | 1.98 | ||
| EV/EBITDA | 9.24 |
EPS(TTM)0.29
EY1.32%
EPS(NY)0.85
Fwd EY3.89%
FCF(TTM)1.83
FCFY8.31%
OCF(TTM)3.15
OCFY14.33%
SpS9.99
BVpS11.13
TBVpS11.13
PEG (NY)N/A
PEG (5Y)156.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.35% | ||
| ROE | 2.32% | ||
| ROCE | 4.61% | ||
| ROIC | 3.65% | ||
| ROICexc | 3.97% | ||
| ROICexgc | 3.97% | ||
| OM | 30.88% | ||
| PM (TTM) | 2.59% | ||
| GM | 97.65% | ||
| FCFM | 18.29% |
ROA(3y)0.04%
ROA(5y)0.18%
ROE(3y)0.25%
ROE(5y)1.13%
ROIC(3y)3%
ROIC(5y)3.33%
ROICexc(3y)3.28%
ROICexc(5y)3.67%
ROICexgc(3y)3.28%
ROICexgc(5y)3.67%
ROCE(3y)3.81%
ROCE(5y)4.23%
ROICexcg growth 3Y0.91%
ROICexcg growth 5Y-4.34%
ROICexc growth 3Y0.91%
ROICexc growth 5Y-4.34%
OM growth 3Y-5.48%
OM growth 5Y-7.83%
PM growth 3Y49.34%
PM growth 5Y-0.21%
GM growth 3Y1.16%
GM growth 5Y0.67%
F-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.76 | ||
| Debt/FCF | 25.7 | ||
| Debt/EBITDA | 6.25 | ||
| Cap/Depr | 36.79% | ||
| Cap/Sales | 13.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 47.15% | ||
| Profit Quality | 707.13% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 0.66 |
F-Score5
WACC5.44%
ROIC/WACC0.67
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.56%
EPS 3Y47.83%
EPS 5Y0.48%
EPS Q2Q%-22.22%
EPS Next Y-33.79%
EPS Next 2Y42.67%
EPS Next 3Y49.96%
EPS Next 5Y29.87%
Revenue 1Y (TTM)5.25%
Revenue growth 3Y2.77%
Revenue growth 5Y1.05%
Sales Q2Q%14.34%
Revenue Next Year2.26%
Revenue Next 2Y5.75%
Revenue Next 3Y5.78%
Revenue Next 5Y5.93%
EBIT growth 1Y2.3%
EBIT growth 3Y-2.86%
EBIT growth 5Y-6.86%
EBIT Next Year131.09%
EBIT Next 3Y36.27%
EBIT Next 5Y26.32%
FCF growth 1Y-61.35%
FCF growth 3Y-8.86%
FCF growth 5Y-3.72%
OCF growth 1Y-36.82%
OCF growth 3Y-3.97%
OCF growth 5Y-0.65%