HA SUSTAINABLE INFRASTRUCTUR (HASI) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:HASI • US41068X1000

35.13 USD
+0.51 (+1.47%)
At close: Jan 29, 2026
35.2 USD
+0.07 (+0.2%)
After Hours: 1/29/2026, 8:24:17 PM
Fundamental Rating

4

Taking everything into account, HASI scores 4 out of 10 in our fundamental rating. HASI was compared to 97 industry peers in the Financial Services industry. HASI has an average financial health and profitability rating. HASI is valied quite expensively at the moment, while it does show a decent growth rate. Finally HASI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • HASI had positive earnings in the past year.
  • HASI had a negative operating cash flow in the past year.
  • HASI had positive earnings in each of the past 5 years.
  • In the past 5 years HASI always reported a positive cash flow from operatings.
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

  • HASI has a better Return On Assets (3.73%) than 73.20% of its industry peers.
  • HASI's Return On Equity of 11.74% is fine compared to the rest of the industry. HASI outperforms 63.92% 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 97.94% of its industry peers.
  • HASI's Profit Margin has declined in the last couple of years.
  • In the last couple of years the Operating Margin of HASI has declined.
  • HASI has a Gross Margin of 28.30%. This is comparable to the rest of the industry: HASI outperforms 48.45% of its industry peers.
  • 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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4

2. Health

2.1 Basic Checks

  • HASI does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, HASI has more shares outstanding
  • HASI has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HASI has an improved debt to assets ratio.
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 0.96, we must say that HASI is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.96, HASI perfoms like the industry average, outperforming 57.73% of the companies in the same industry.
  • HASI has a Debt/Equity ratio of 1.99. This is a high value indicating a heavy dependency on external financing.
  • HASI's Debt to Equity ratio of 1.99 is on the low side compared to the rest of the industry. HASI is outperformed by 67.01% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF N/A
Altman-Z 0.96
ROIC/WACCN/A
WACC7.48%
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 11.03 indicates that HASI has no problem at all paying its short term obligations.
  • HASI has a better Current ratio (11.03) than 96.91% of its industry peers.
  • HASI has a Quick Ratio of 11.03. This indicates that HASI is financially healthy and has no problem in meeting its short term obligations.
  • HASI's Quick ratio of 11.03 is amongst the best of the industry. HASI outperforms 96.91% of its industry peers.
Industry RankSector Rank
Current Ratio 11.03
Quick Ratio 11.03
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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5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 12.71% over the past year.
  • The Earnings Per Share has been growing by 11.68% on average over the past years. This is quite good.
  • The Revenue for HASI has decreased by -18.48% in the past year. This is quite bad
  • HASI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.06% yearly.
EPS 1Y (TTM)12.71%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%53.85%
Revenue 1Y (TTM)-18.48%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%25.9%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.92% on average over the next years. This is quite good.
  • The Revenue is expected to decrease by -3.69% on average over the next years.
EPS Next Y10.6%
EPS Next 2Y8.47%
EPS Next 3Y9.81%
EPS Next 5Y9.92%
Revenue Next Year6.5%
Revenue Next 2Y10.6%
Revenue Next 3Y11.57%
Revenue Next 5Y-3.69%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
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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3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 13.21, HASI is valued correctly.
  • The rest of the industry has a similar Price/Earnings ratio as HASI.
  • When comparing the Price/Earnings ratio of HASI to the average of the S&P500 Index (28.39), we can say HASI is valued rather cheaply.
  • A Price/Forward Earnings ratio of 12.19 indicates a correct valuation of HASI.
  • HASI's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of HASI to the average of the S&P500 Index (25.72), we can say HASI is valued rather cheaply.
Industry RankSector Rank
PE 13.21
Fwd PE 12.19
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

  • HASI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.25
PEG (5Y)1.13
EPS Next 2Y8.47%
EPS Next 3Y9.81%

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8

5. Dividend

5.1 Amount

  • HASI has a Yearly Dividend Yield of 4.86%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.09, HASI pays a better dividend. On top of this HASI pays more dividend than 85.57% of the companies listed in the same industry.
  • HASI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.86%

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 0.5 1 1.5

5.3 Sustainability

  • 67.27% of the earnings are spent on dividend by HASI. 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 2Y8.47%
EPS Next 3Y9.81%
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 / 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 3 / 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 4 / 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 13.21 and the Price/Book (PB) ratio is 1.7.


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%.