HA SUSTAINABLE INFRASTRUCTUR (HASI) Stock Fundamental Analysis
NYSE:HASI - New York Stock Exchange, Inc. - US41068X1000 - Common Stock - Currency: USD
Taking everything into account, HASI scores 5 out of 10 in our fundamental rating. HASI was compared to 101 industry peers in the Financial Services industry. HASI has an average financial health and profitability rating. HASI is quite expensive at the moment. It does show a decent growth rate. Finally HASI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year HASI was profitable.
HASI had a positive operating cash flow in the past year.
Each year in the past 5 years HASI has been profitable.
HASI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HASI has a Return On Assets of 4.53%. This is in the better half of the industry: HASI outperforms 74.26% of its industry peers.
HASI has a Return On Equity of 13.72%. This is in the better half of the industry: HASI outperforms 63.37% of its industry peers.
HASI has a Return On Invested Capital of 0.44%. This is in the lower half of the industry: HASI underperforms 69.31% of its industry peers.
HASI had an Average Return On Invested Capital over the past 3 years of 0.37%. This is significantly below the industry average of 7.51%.
The last Return On Invested Capital (0.44%) for HASI is above the 3 year average (0.37%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.53% | ||
| ROE | 13.72% | ||
| ROIC | 0.44% |
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
ROIC(3y)0.37%
ROIC(5y)0.44%
1.3 Margins
HASI has a Profit Margin of 65.51%. This is amongst the best in the industry. HASI outperforms 98.02% of its industry peers.
HASI's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 7.79%, HASI is doing worse than 64.36% of the companies in the same industry.
In the last couple of years the Operating Margin of HASI has declined.
With a Gross Margin value of 37.84%, HASI perfoms like the industry average, outperforming 55.45% of the companies in the same industry.
In the last couple of years the Gross Margin of HASI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.79% | ||
| PM (TTM) | 65.51% | ||
| GM | 37.84% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HASI is destroying value.
The number of shares outstanding for HASI has been increased compared to 1 year ago.
HASI has more shares outstanding than it did 5 years ago.
HASI has a better debt/assets ratio than last year.
2.2 Solvency
HASI has an Altman-Z score of 0.96. This is a bad value and indicates that HASI is not financially healthy and even has some risk of bankruptcy.
HASI's Altman-Z score of 0.96 is in line compared to the rest of the industry. HASI outperforms 57.43% of its industry peers.
The Debt to FCF ratio of HASI is 751.80, which is on the high side as it means it would take HASI, 751.80 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 751.80, HASI is doing worse than 62.38% of the companies in the same industry.
A Debt/Equity ratio of 1.88 is on the high side and indicates that HASI has dependencies on debt financing.
HASI has a worse Debt to Equity ratio (1.88) than 64.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 751.8 | ||
| Altman-Z | 0.96 |
ROIC/WACC0.05
WACC9.11%
2.3 Liquidity
HASI has a Current Ratio of 11.25. This indicates that HASI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of HASI (11.25) is better than 97.03% of its industry peers.
A Quick Ratio of 11.25 indicates that HASI has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 11.25, HASI belongs to the best of the industry, outperforming 97.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.25 | ||
| Quick Ratio | 11.25 |
3. Growth
3.1 Past
HASI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.86%, 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 11.68% yearly.
Looking at the last year, HASI shows a very strong growth in Revenue. The Revenue has grown by 53.01%.
Measured over the past years, HASI shows a very strong growth in Revenue. The Revenue has been growing by 22.06% on average per year.
EPS 1Y (TTM)10.86%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%16.98%
Revenue 1Y (TTM)53.01%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%62.94%
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 8.73% on average per year.
The Revenue is expected to decrease by -4.30% on average over the next years.
EPS Next Y7.13%
EPS Next 2Y8.62%
EPS Next 3Y9.2%
EPS Next 5Y8.73%
Revenue Next Year8.14%
Revenue Next 2Y9.96%
Revenue Next 3Y14.5%
Revenue Next 5Y-4.3%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.21, HASI is valued correctly.
Based on the Price/Earnings ratio, HASI is valued a bit cheaper than 60.40% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. HASI is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 11.40, which indicates a very decent valuation of HASI.
HASI's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.10. HASI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.21 | ||
| Fwd PE | 11.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HASI is valued a bit more expensive than the industry average as 69.31% of the companies are valued more cheaply.
61.39% of the companies in the same industry are cheaper than HASI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 608.22 | ||
| EV/EBITDA | 200.01 |
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)1.71
PEG (5Y)1.05
EPS Next 2Y8.62%
EPS Next 3Y9.2%
5. Dividend
5.1 Amount
HASI has a Yearly Dividend Yield of 5.84%, which is a nice return.
Compared to an average industry Dividend Yield of 3.95, HASI pays a better dividend. On top of this HASI pays more dividend than 89.11% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, HASI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.84% |
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 in the last 3 years.
Dividend Growth(5Y)4.07%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
HASI pays out 59.97% of its income as dividend. This is a bit on the high side, but may be sustainable.
HASI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.97%
EPS Next 2Y8.62%
EPS Next 3Y9.2%
29.92
+1.16 (+4.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners112.24%
Inst Owner Change6.83%
Ins Owners2.38%
Ins Owner Change-0.93%
Market Cap3.56B
Analysts83.48
Price Target39.58 (32.29%)
Short Float %11.31%
Short Ratio11.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.84% |
Yearly Dividend1.66
Dividend Growth(5Y)4.07%
DP59.97%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.13%
Min EPS beat(2)-5.93%
Max EPS beat(2)6.19%
EPS beat(4)3
Avg EPS beat(4)7.12%
Min EPS beat(4)-5.93%
Max EPS beat(4)17.3%
EPS beat(8)4
Avg EPS beat(8)3.23%
EPS beat(12)6
Avg EPS beat(12)3.63%
EPS beat(16)9
Avg EPS beat(16)6.18%
Revenue beat(2)1
Avg Revenue beat(2)5.85%
Min Revenue beat(2)-1.29%
Max Revenue beat(2)12.99%
Revenue beat(4)3
Avg Revenue beat(4)14.94%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)31.38%
Revenue beat(8)6
Avg Revenue beat(8)9.77%
Revenue beat(12)10
Avg Revenue beat(12)35.08%
Revenue beat(16)14
Avg Revenue beat(16)52.54%
PT rev (1m)-1.29%
PT rev (3m)-1.68%
EPS NQ rev (1m)5.93%
EPS NQ rev (3m)-0.9%
EPS NY rev (1m)0.71%
EPS NY rev (3m)-2.32%
Revenue NQ rev (1m)1.83%
Revenue NQ rev (3m)0.73%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)1.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.21 | ||
| Fwd PE | 11.4 | ||
| P/S | 7.27 | ||
| P/FCF | 608.22 | ||
| P/OCF | 608.22 | ||
| P/B | 1.52 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 200.01 |
EPS(TTM)2.45
EY8.19%
EPS(NY)2.62
Fwd EY8.77%
FCF(TTM)0.05
FCFY0.16%
OCF(TTM)0.05
OCFY0.16%
SpS4.11
BVpS19.64
TBVpS19.64
PEG (NY)1.71
PEG (5Y)1.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.53% | ||
| ROE | 13.72% | ||
| ROCE | 0.56% | ||
| ROIC | 0.44% | ||
| ROICexc | 0.45% | ||
| ROICexgc | 0.45% | ||
| OM | 7.79% | ||
| PM (TTM) | 65.51% | ||
| GM | 37.84% | ||
| FCFM | 1.2% |
ROA(3y)1.97%
ROA(5y)2.26%
ROE(3y)6.02%
ROE(5y)6.59%
ROIC(3y)0.37%
ROIC(5y)0.44%
ROICexc(3y)0.38%
ROICexc(5y)0.46%
ROICexgc(3y)0.38%
ROICexgc(5y)0.47%
ROCE(3y)0.47%
ROCE(5y)0.56%
ROICexcg growth 3Y-6.75%
ROICexcg growth 5Y-19.12%
ROICexc growth 3Y-6.28%
ROICexc growth 5Y-18.91%
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-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.88 | ||
| Debt/FCF | 751.8 | ||
| Debt/EBITDA | 112.39 | ||
| Cap/Depr | 0% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 0.2 | ||
| Cash Conversion | 14.95% | ||
| Profit Quality | 1.83% | ||
| Current Ratio | 11.25 | ||
| Quick Ratio | 11.25 | ||
| Altman-Z | 0.96 |
F-Score6
WACC9.11%
ROIC/WACC0.05
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)10.86%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%16.98%
EPS Next Y7.13%
EPS Next 2Y8.62%
EPS Next 3Y9.2%
EPS Next 5Y8.73%
Revenue 1Y (TTM)53.01%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%62.94%
Revenue Next Year8.14%
Revenue Next 2Y9.96%
Revenue Next 3Y14.5%
Revenue Next 5Y-4.3%
EBIT growth 1Y-7.88%
EBIT growth 3Y12.76%
EBIT growth 5Y0.11%
EBIT Next Year8.59%
EBIT Next 3Y8.75%
EBIT Next 5YN/A
FCF growth 1Y-94.13%
FCF growth 3Y-23.96%
FCF growth 5Y-27.64%
OCF growth 1Y-94.13%
OCF growth 3Y-23.96%
OCF growth 5Y-27.64%