HA SUSTAINABLE INFRASTRUCTUR (HASI) Fundamental Analysis & Valuation

NYSE:HASI • US41068X1000

Current stock price

36.25 USD
+0.84 (+2.37%)
At close:
36.25 USD
0 (0%)
After Hours:

This HASI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. HASI Profitability Analysis

1.1 Basic Checks

  • In the past year HASI was profitable.
  • In the past year HASI had a positive cash flow from operations.
  • HASI had positive earnings in each of the past 5 years.
  • Each year in the past 5 years HASI 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 2025 0 100M -100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.25%, HASI is in line with its industry, outperforming 58.16% of the companies in the same industry.
  • HASI has a Return On Equity of 7.16%. This is comparable to the rest of the industry: HASI outperforms 43.88% of its industry peers.
Industry RankSector Rank
ROA 2.25%
ROE 7.16%
ROIC N/A
ROA(3y)2.44%
ROA(5y)2.24%
ROE(3y)7.58%
ROE(5y)6.67%
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 2025 0 2 4 6 8

1.3 Margins

  • The Profit Margin of HASI (46.05%) is better than 87.76% of its industry peers.
  • HASI's Profit Margin has been stable in the last couple of years.
  • With a Gross Margin value of 26.99%, HASI perfoms like the industry average, outperforming 48.98% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HASI has declined.
Industry RankSector Rank
OM N/A
PM (TTM) 46.05%
GM 26.99%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y39.37%
PM growth 5Y1.11%
GM growth 3Y-19.54%
GM growth 5Y-11.84%
HASI Yearly Profit, Operating, Gross MarginsHASI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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4

2. HASI Health Analysis

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
  • The number of shares outstanding for HASI has been increased compared to 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 2025 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 2025 2B 4B 6B 8B

2.2 Solvency

  • HASI has an Altman-Z score of 0.92. This is a bad value and indicates that HASI is not financially healthy and even has some risk of bankruptcy.
  • HASI has a Altman-Z score (0.92) which is comparable to the rest of the industry.
  • HASI has a debt to FCF ratio of 30.31. This is a negative value and a sign of low solvency as HASI would need 30.31 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 30.31, HASI is doing worse than 61.22% of the companies in the same industry.
  • A Debt/Equity ratio of 1.97 is on the high side and indicates that HASI has dependencies on debt financing.
  • HASI has a worse Debt to Equity ratio (1.97) than 66.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF 30.31
Altman-Z 0.92
ROIC/WACCN/A
WACC7.35%
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 2025 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 7.64 indicates that HASI has no problem at all paying its short term obligations.
  • HASI has a Current ratio of 7.64. This is amongst the best in the industry. HASI outperforms 95.92% of its industry peers.
  • A Quick Ratio of 7.64 indicates that HASI has no problem at all paying its short term obligations.
  • HASI's Quick ratio of 7.64 is amongst the best of the industry. HASI outperforms 95.92% of its industry peers.
Industry RankSector Rank
Current Ratio 7.64
Quick Ratio 7.64
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 2025 1B 2B 3B

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

5

3. HASI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 10.61% over the past year.
  • The Earnings Per Share has been growing by 11.54% on average over the past years. This is quite good.
  • The Revenue for HASI has decreased by -18.17% in the past year. This is quite bad
  • Measured over the past years, HASI shows a quite strong growth in Revenue. The Revenue has been growing by 16.47% on average per year.
EPS 1Y (TTM)10.61%
EPS 3Y9.22%
EPS 5Y11.54%
EPS Q2Q%8.06%
Revenue 1Y (TTM)-18.17%
Revenue growth 3Y18.66%
Revenue growth 5Y16.47%
Sales Q2Q%13.34%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.14% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.80% on average over the next years.
EPS Next Y11.16%
EPS Next 2Y10.48%
EPS Next 3Y10.96%
EPS Next 5Y10.14%
Revenue Next Year382.99%
Revenue Next 2Y43.78%
Revenue Next 3Y81.07%
Revenue Next 5Y6.8%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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. HASI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.38, the valuation of HASI can be described as correct.
  • HASI's Price/Earnings ratio is in line with the industry average.
  • HASI is valuated rather cheaply when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 12.03, HASI is valued correctly.
  • The rest of the industry has a similar Price/Forward Earnings ratio as HASI.
  • HASI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.38
Fwd PE 12.03
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

  • HASI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 27.67
EV/EBITDA N/A
HASI Per share dataHASI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)1.16
EPS Next 2Y10.48%
EPS Next 3Y10.96%

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

7

5. HASI Dividend Analysis

5.1 Amount

  • HASI has a Yearly Dividend Yield of 4.76%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.61, HASI pays a bit more dividend than its industry peers.
  • HASI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 4.76%

5.2 History

  • The dividend of HASI has a limited annual growth rate of 3.99%.
  • HASI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HASI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.99%
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

  • 113.73% of the earnings are spent on dividend by HASI. This is not a sustainable payout ratio.
  • The dividend of HASI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP113.73%
EPS Next 2Y10.48%
EPS Next 3Y10.96%
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 2025 0 100M -100M 200M
HASI Dividend Payout.HASI Dividend Payout, showing the Payout Ratio.HASI Dividend Payout.PayoutRetained Earnings

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HASI Fundamentals: All Metrics, Ratios and Statistics

HA SUSTAINABLE INFRASTRUCTUR

NYSE:HASI (3/16/2026, 8:04:00 PM)

After market: 36.25 0 (0%)

36.25

+0.84 (+2.37%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners106.15%
Inst Owner Change-5.78%
Ins Owners1.87%
Ins Owner Change-0.2%
Market Cap4.63B
Revenue(TTM)400.50M
Net Income(TTM)184.45M
Analysts83.64
Price Target44.3 (22.21%)
Short Float %9.26%
Short Ratio11.57
Dividend
Industry RankSector Rank
Dividend Yield 4.76%
Yearly Dividend1.7
Dividend Growth(5Y)3.99%
DP113.73%
Div Incr Years6
Div Non Decr Years11
Ex-Date04-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.24%
Min EPS beat(2)2.47%
Max EPS beat(2)14%
EPS beat(4)3
Avg EPS beat(4)2.95%
Min EPS beat(4)-6.3%
Max EPS beat(4)14%
EPS beat(8)6
Avg EPS beat(8)5.04%
EPS beat(12)7
Avg EPS beat(12)3.14%
EPS beat(16)9
Avg EPS beat(16)3.46%
Revenue beat(2)2
Avg Revenue beat(2)3.53%
Min Revenue beat(2)0.88%
Max Revenue beat(2)6.18%
Revenue beat(4)2
Avg Revenue beat(4)-1.11%
Min Revenue beat(4)-9.12%
Max Revenue beat(4)6.18%
Revenue beat(8)5
Avg Revenue beat(8)6.92%
Revenue beat(12)8
Avg Revenue beat(12)6.14%
Revenue beat(16)12
Avg Revenue beat(16)26.03%
PT rev (1m)8.38%
PT rev (3m)9.35%
EPS NQ rev (1m)2.38%
EPS NQ rev (3m)-0.94%
EPS NY rev (1m)4.55%
EPS NY rev (3m)1.73%
Revenue NQ rev (1m)5.24%
Revenue NQ rev (3m)4.68%
Revenue NY rev (1m)3.46%
Revenue NY rev (3m)1.49%
Valuation
Industry RankSector Rank
PE 13.38
Fwd PE 12.03
P/S 11.56
P/FCF 27.67
P/OCF 27.67
P/B 1.8
P/tB 1.8
EV/EBITDA N/A
EPS(TTM)2.71
EY7.48%
EPS(NY)3.01
Fwd EY8.31%
FCF(TTM)1.31
FCFY3.61%
OCF(TTM)1.31
OCFY3.61%
SpS3.14
BVpS20.16
TBVpS20.16
PEG (NY)1.2
PEG (5Y)1.16
Graham Number35.06
Profitability
Industry RankSector Rank
ROA 2.25%
ROE 7.16%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 46.05%
GM 26.99%
FCFM 41.78%
ROA(3y)2.44%
ROA(5y)2.24%
ROE(3y)7.58%
ROE(5y)6.67%
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 5YN/A
PM growth 3Y39.37%
PM growth 5Y1.11%
GM growth 3Y-19.54%
GM growth 5Y-11.84%
F-Score3
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 1.97
Debt/FCF 30.31
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 90.71%
Current Ratio 7.64
Quick Ratio 7.64
Altman-Z 0.92
F-Score3
WACC7.35%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)53.69%
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 Y11.16%
EPS Next 2Y10.48%
EPS Next 3Y10.96%
EPS Next 5Y10.14%
Revenue 1Y (TTM)-18.17%
Revenue growth 3Y18.66%
Revenue growth 5Y16.47%
Sales Q2Q%13.34%
Revenue Next Year382.99%
Revenue Next 2Y43.78%
Revenue Next 3Y81.07%
Revenue Next 5Y6.8%
EBIT growth 1Y-171.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year13.26%
EBIT Next 3Y-0.05%
EBIT Next 5YN/A
FCF growth 1Y2759.14%
FCF growth 3YN/A
FCF growth 5Y17.95%
OCF growth 1Y2759.14%
OCF growth 3Y799.37%
OCF growth 5Y17.95%

HA SUSTAINABLE INFRASTRUCTUR / HASI Fundamental Analysis 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 13.38 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 7 / 10 and the dividend payout ratio is 113.73%.