HA SUSTAINABLE INFRASTRUCTUR (HASI) Stock Fundamental Analysis

NYSE:HASI • US41068X1000

37.28 USD
+0.15 (+0.4%)
At close: Feb 20, 2026
37.28 USD
0 (0%)
After Hours: 2/20/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to HASI. HASI was compared to 97 industry peers in the Financial Services industry. While HASI seems to be doing ok healthwise, there are quite some concerns on its profitability. HASI is valued expensive and it does not seem to be growing. HASI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year HASI was profitable.
  • HASI had a negative operating cash flow in the past year.
  • Of the past 5 years HASI 4 years were profitable.
  • Of the past 5 years HASI 4 years had a positive operating cash flow.
HASI Yearly Net Income VS EBIT VS OCF VS FCFHASI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

  • With a decent Return On Assets value of 3.73%, HASI is doing good in the industry, outperforming 71.13% of the companies in the same industry.
  • HASI has a Return On Equity of 11.74%. This is in the better half of the industry: HASI outperforms 64.95% of its industry peers.
Industry RankSector Rank
ROA 3.73%
ROE 11.74%
ROIC N/A
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
ROIC(3y)N/A
ROIC(5y)N/A
HASI Yearly ROA, ROE, ROICHASI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • The Profit Margin of HASI (79.02%) is better than 96.91% of its industry peers.
  • In the last couple of years the Profit Margin of HASI has declined.
  • In the last couple of years the Operating Margin of HASI has declined.
  • The Gross Margin of HASI (28.30%) is comparable to the rest of the industry.
  • HASI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 79.02%
GM 28.3%
OM growth 3Y-7.29%
OM growth 5Y-17.98%
PM growth 3Y-4.26%
PM growth 5Y-1.79%
GM growth 3Y-4.98%
GM growth 5Y-7.58%
HASI Yearly Profit, Operating, Gross MarginsHASI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • HASI does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for HASI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
HASI Yearly Shares OutstandingHASI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
HASI Yearly Total Debt VS Total AssetsHASI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.88, we must say that HASI is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.88, HASI perfoms like the industry average, outperforming 57.73% of the companies in the same industry.
  • HASI has a Debt/Equity ratio of 1.97. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.97, HASI is doing worse than 65.98% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF N/A
Altman-Z 0.88
ROIC/WACCN/A
WACC7.56%
HASI Yearly LT Debt VS Equity VS FCFHASI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 3.45 indicates that HASI has no problem at all paying its short term obligations.
  • The Current ratio of HASI (3.45) is better than 86.60% of its industry peers.
  • HASI has a Quick Ratio of 3.45. This indicates that HASI is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 3.45, HASI belongs to the top of the industry, outperforming 86.60% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.45
Quick Ratio 3.45
HASI Yearly Current Assets VS Current LiabilitesHASI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • HASI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.61%, which is quite good.
  • HASI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.54% yearly.
EPS 1Y (TTM)10.61%
EPS 3Y9.22%
EPS 5Y11.54%
EPS Q2Q%8.06%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%13.34%

3.2 Future

  • Based on estimates for the next years, HASI will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.70% on average per year.
  • The Revenue is expected to grow by 0.65% on average over the next years.
EPS Next Y6.32%
EPS Next 2Y9.44%
EPS Next 3Y9.65%
EPS Next 5Y9.7%
Revenue Next Year14.93%
Revenue Next 2Y14.23%
Revenue Next 3Y13.87%
Revenue Next 5Y0.65%

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 stable.
HASI Yearly Revenue VS EstimatesHASI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
HASI Yearly EPS VS EstimatesHASI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 13.76, which indicates a correct valuation of HASI.
  • HASI's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 26.99. HASI is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 12.94 indicates a correct valuation of HASI.
  • The rest of the industry has a similar Price/Forward Earnings ratio as HASI.
  • When comparing the Price/Forward Earnings ratio of HASI to the average of the S&P500 Index (28.06), we can say HASI is valued rather cheaply.
Industry RankSector Rank
PE 13.76
Fwd PE 12.94
HASI Price Earnings VS Forward Price EarningsHASI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
HASI Per share dataHASI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HASI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.18
PEG (5Y)1.19
EPS Next 2Y9.44%
EPS Next 3Y9.65%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. Dividend

5.1 Amount

  • HASI has a Yearly Dividend Yield of 4.50%, which is a nice return.
  • HASI's Dividend Yield is rather good when compared to the industry average which is at 2.28. HASI pays more dividend than 84.54% of the companies in the same industry.
  • HASI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 4.5%

5.2 History

  • The dividend of HASI has a limited annual growth rate of 4.07%.
  • HASI has paid a dividend for at least 10 years, which is a reliable track record.
  • HASI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.07%
Div Incr Years6
Div Non Decr Years11
HASI Yearly Dividends per shareHASI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • HASI pays out 67.27% of its income as dividend. This is not a sustainable payout ratio.
  • HASI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP67.27%
EPS Next 2Y9.44%
EPS Next 3Y9.65%
HASI Yearly Income VS Free CF VS DividendHASI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M
HASI Dividend Payout.HASI Dividend Payout, showing the Payout Ratio.HASI Dividend Payout.PayoutRetained Earnings

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HA SUSTAINABLE INFRASTRUCTUR

NYSE:HASI (2/20/2026, 8:04:00 PM)

After market: 37.28 0 (0%)

37.28

+0.15 (+0.4%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners108.46%
Inst Owner Change-0.61%
Ins Owners1.89%
Ins Owner Change0%
Market Cap4.70B
Revenue(TTM)N/A
Net Income(TTM)305.80M
Analysts83.64
Price Target40.87 (9.63%)
Short Float %8.99%
Short Ratio10.93
Dividend
Industry RankSector Rank
Dividend Yield 4.5%
Yearly Dividend1.66
Dividend Growth(5Y)4.07%
DP67.27%
Div Incr Years6
Div Non Decr Years11
Ex-Date04-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.85%
Min EPS beat(2)-6.3%
Max EPS beat(2)14%
EPS beat(4)3
Avg EPS beat(4)3.88%
Min EPS beat(4)-6.3%
Max EPS beat(4)14%
EPS beat(8)5
Avg EPS beat(8)3.39%
EPS beat(12)6
Avg EPS beat(12)2.48%
EPS beat(16)9
Avg EPS beat(16)4.08%
Revenue beat(2)1
Avg Revenue beat(2)-4.12%
Min Revenue beat(2)-9.12%
Max Revenue beat(2)0.88%
Revenue beat(4)2
Avg Revenue beat(4)0.59%
Min Revenue beat(4)-9.12%
Max Revenue beat(4)12.99%
Revenue beat(8)4
Avg Revenue beat(8)4.74%
Revenue beat(12)8
Avg Revenue beat(12)11.35%
Revenue beat(16)12
Avg Revenue beat(16)31.28%
PT rev (1m)0.9%
PT rev (3m)3.89%
EPS NQ rev (1m)-0.49%
EPS NQ rev (3m)-8.48%
EPS NY rev (1m)0.33%
EPS NY rev (3m)2.84%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)-2.42%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-75.36%
Valuation
Industry RankSector Rank
PE 13.76
Fwd PE 12.94
P/S 12.15
P/FCF N/A
P/OCF N/A
P/B 1.8
P/tB 1.8
EV/EBITDA N/A
EPS(TTM)2.71
EY7.27%
EPS(NY)2.88
Fwd EY7.73%
FCF(TTM)-0.73
FCFYN/A
OCF(TTM)-0.73
OCFYN/A
SpS3.07
BVpS20.66
TBVpS20.66
PEG (NY)2.18
PEG (5Y)1.19
Graham Number35.49
Profitability
Industry RankSector Rank
ROA 3.73%
ROE 11.74%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 79.02%
GM 28.3%
FCFM N/A
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
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)0.47%
ROCE(5y)0.56%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-7.29%
OM growth 5Y-17.98%
PM growth 3Y-4.26%
PM growth 5Y-1.79%
GM growth 3Y-4.98%
GM growth 5Y-7.58%
F-Score2
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.45
Quick Ratio 3.45
Altman-Z 0.88
F-Score2
WACC7.56%
ROIC/WACCN/A
Cap/Depr(3y)38.01%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.63%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.61%
EPS 3Y9.22%
EPS 5Y11.54%
EPS Q2Q%8.06%
EPS Next Y6.32%
EPS Next 2Y9.44%
EPS Next 3Y9.65%
EPS Next 5Y9.7%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%13.34%
Revenue Next Year14.93%
Revenue Next 2Y14.23%
Revenue Next 3Y13.87%
Revenue Next 5Y0.65%
EBIT growth 1Y-153.08%
EBIT growth 3Y12.76%
EBIT growth 5Y0.11%
EBIT Next Year58.77%
EBIT Next 3Y19.55%
EBIT Next 5Y2.29%
FCF growth 1Y-480.86%
FCF growth 3Y-23.96%
FCF growth 5Y-27.64%
OCF growth 1Y-420.25%
OCF growth 3Y-23.96%
OCF growth 5Y-27.64%

HA SUSTAINABLE INFRASTRUCTUR / HASI FAQ

What is the ChartMill fundamental rating of HA SUSTAINABLE INFRASTRUCTUR (HASI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to HASI.


What is the valuation status for HASI stock?

ChartMill assigns a valuation rating of 2 / 10 to HA SUSTAINABLE INFRASTRUCTUR (HASI). This can be considered as Overvalued.


Can you provide the profitability details for HA SUSTAINABLE INFRASTRUCTUR?

HA SUSTAINABLE INFRASTRUCTUR (HASI) has a profitability rating of 3 / 10.


What is the valuation of HA SUSTAINABLE INFRASTRUCTUR based on its PE and PB ratios?

The Price/Earnings (PE) ratio for HA SUSTAINABLE INFRASTRUCTUR (HASI) is 13.76 and the Price/Book (PB) ratio is 1.8.


How sustainable is the dividend of HA SUSTAINABLE INFRASTRUCTUR (HASI) stock?

The dividend rating of HA SUSTAINABLE INFRASTRUCTUR (HASI) is 8 / 10 and the dividend payout ratio is 67.27%.