HA SUSTAINABLE INFRASTRUCTUR (HASI)
US41068X1000 - Common Stock
We assign a fundamental rating of 5 out of 10 to HASI. HASI was compared to 99 industry peers in the Financial Services industry. HASI has only an average score on both its financial health and profitability. HASI has a decent growth rate and is not valued too expensively. HASI also has an excellent dividend rating.
1. Profitability
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 4 of the past 5 years.
HASI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.10%, HASI is in the better half of the industry, outperforming 76.77% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.07%, HASI is in the better half of the industry, outperforming 71.72% of the companies in the same industry.
With a Return On Invested Capital value of 0.60%, HASI is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
HASI had an Average Return On Invested Capital over the past 3 years of 0.41%. This is significantly below the industry average of 7.84%.
The 3 year average ROIC (0.41%) for HASI is below the current ROIC(0.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.1% | ||
| ROE | 15.07% | ||
| ROIC | 0.6% |
ROA(3y)2.05%
ROA(5y)2.37%
ROE(3y)5.9%
ROE(5y)6.61%
ROIC(3y)0.41%
ROIC(5y)0.59%
1.3 Margins
HASI has a Profit Margin of 71.71%. This is amongst the best in the industry. HASI outperforms 98.99% of its industry peers.
HASI's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 9.75%, HASI perfoms like the industry average, outperforming 42.42% of the companies in the same industry.
HASI's Operating Margin has declined in the last couple of years.
The Gross Margin of HASI (38.22%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of HASI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.75% | ||
| PM (TTM) | 71.71% | ||
| GM | 38.22% |
OM growth 3Y-8.9%
OM growth 5Y-3.62%
PM growth 3Y1.95%
PM growth 5Y10.11%
GM growth 3Y-2.79%
GM growth 5Y0.75%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HASI is destroying value.
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.
2.2 Solvency
HASI has an Altman-Z score of 0.97. 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 of 0.97. This is comparable to the rest of the industry: HASI outperforms 57.58% of its industry peers.
The Debt to FCF ratio of HASI is 162.60, which is on the high side as it means it would take HASI, 162.60 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of HASI (162.60) is worse than 60.61% of its industry peers.
A Debt/Equity ratio of 1.83 is on the high side and indicates that HASI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.83, HASI is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 162.6 | ||
| Altman-Z | 0.97 |
ROIC/WACC0.08
WACC7.1%
2.3 Liquidity
HASI has a Current Ratio of 12.51. This indicates that HASI is financially healthy and has no problem in meeting its short term obligations.
HASI's Current ratio of 12.51 is amongst the best of the industry. HASI outperforms 96.97% of its industry peers.
A Quick Ratio of 12.51 indicates that HASI has no problem at all paying its short term obligations.
HASI's Quick ratio of 12.51 is amongst the best of the industry. HASI outperforms 96.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 12.51 | ||
| Quick Ratio | 12.51 |
3. Growth
3.1 Past
HASI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.77%, which is quite good.
The Earnings Per Share has been growing by 9.72% on average over the past years. This is quite good.
Looking at the last year, HASI shows a very strong growth in Revenue. The Revenue has grown by 62.80%.
Measured over the past years, HASI shows a quite strong growth in Revenue. The Revenue has been growing by 18.07% on average per year.
EPS 1Y (TTM)9.77%
EPS 3Y12.07%
EPS 5Y9.72%
EPS Q2Q%-16.13%
Revenue 1Y (TTM)62.8%
Revenue growth 3Y19.62%
Revenue growth 5Y18.07%
Sales Q2Q%50.78%
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 8.21% on average per year.
Based on estimates for the next years, HASI will show a small growth in Revenue. The Revenue will grow by 1.85% on average per year.
EPS Next Y10.9%
EPS Next 2Y8.81%
EPS Next 3Y8.94%
EPS Next 5Y8.21%
Revenue Next Year48.43%
Revenue Next 2Y26.32%
Revenue Next 3Y21.81%
Revenue Next 5Y1.85%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.76, the valuation of HASI can be described as reasonable.
Based on the Price/Earnings ratio, HASI is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
HASI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
The Price/Forward Earnings ratio is 10.61, which indicates a very decent 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 (23.69), we can say HASI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.76 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
HASI's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. HASI is more expensive than 64.65% of the companies in the same industry.
62.63% 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 | 129.81 | ||
| EV/EBITDA | 155.56 |
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)1.08
PEG (5Y)1.21
EPS Next 2Y8.81%
EPS Next 3Y8.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.11%, HASI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.93, HASI pays a better dividend. On top of this HASI pays more dividend than 93.94% 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 | 6.11% |
5.2 History
The dividend of HASI has a limited annual growth rate of 4.47%.
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)4.47%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
54.90% of the earnings are spent on dividend by HASI. This is a bit on the high side, but may be sustainable.
The dividend of HASI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP54.9%
EPS Next 2Y8.81%
EPS Next 3Y8.94%
HA SUSTAINABLE INFRASTRUCTUR
NYSE:HASI (1/3/2025, 8:04:00 PM)
After market: 27.76 0 (0%)27.76
+0.61 (+2.25%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners105.1%
Inst Owner Change4.02%
Ins Owners2.43%
Ins Owner Change-0.85%
Market Cap3.30B
Analysts81.9
Price Target40.33 (45.28%)
Short Float %11.22%
Short Ratio10.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.11% |
Dividend Growth(5Y)4.47%
DP54.9%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.5%
Min EPS beat(2)-5.93%
Max EPS beat(2)10.92%
EPS beat(4)2
Avg EPS beat(4)2.9%
Min EPS beat(4)-10.69%
Max EPS beat(4)17.3%
EPS beat(8)3
Avg EPS beat(8)1.79%
EPS beat(12)6
Avg EPS beat(12)4.14%
EPS beat(16)9
Avg EPS beat(16)6.27%
Revenue beat(2)1
Avg Revenue beat(2)7.7%
Min Revenue beat(2)-1.29%
Max Revenue beat(2)16.69%
Revenue beat(4)2
Avg Revenue beat(4)8.88%
Min Revenue beat(4)-11.26%
Max Revenue beat(4)31.38%
Revenue beat(8)6
Avg Revenue beat(8)16.72%
Revenue beat(12)10
Avg Revenue beat(12)41.51%
Revenue beat(16)14
Avg Revenue beat(16)58.9%
PT rev (1m)-0.53%
PT rev (3m)-0.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.81%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-1.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.28%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)-1.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.76 | ||
| Fwd PE | 10.61 | ||
| P/S | 6.95 | ||
| P/FCF | 129.81 | ||
| P/OCF | 129.81 | ||
| P/B | 1.46 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 155.56 |
EPS(TTM)2.36
EY8.5%
EPS(NY)2.62
Fwd EY9.43%
FCF(TTM)0.21
FCFY0.77%
OCF(TTM)0.21
OCFY0.77%
SpS4
BVpS19.01
TBVpS19.01
PEG (NY)1.08
PEG (5Y)1.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.1% | ||
| ROE | 15.07% | ||
| ROCE | 0.72% | ||
| ROIC | 0.6% | ||
| ROICexc | 0.61% | ||
| ROICexgc | 0.61% | ||
| OM | 9.75% | ||
| PM (TTM) | 71.71% | ||
| GM | 38.22% | ||
| FCFM | 5.35% |
ROA(3y)2.05%
ROA(5y)2.37%
ROE(3y)5.9%
ROE(5y)6.61%
ROIC(3y)0.41%
ROIC(5y)0.59%
ROICexc(3y)0.43%
ROICexc(5y)0.61%
ROICexgc(3y)0.44%
ROICexgc(5y)0.63%
ROCE(3y)0.49%
ROCE(5y)0.71%
ROICexcg growth 3Y-14.39%
ROICexcg growth 5Y-9.86%
ROICexc growth 3Y-13.97%
ROICexc growth 5Y-8.76%
OM growth 3Y-8.9%
OM growth 5Y-3.62%
PM growth 3Y1.95%
PM growth 5Y10.11%
GM growth 3Y-2.79%
GM growth 5Y0.75%
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 162.6 | ||
| Debt/EBITDA | 87.23 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.24 | ||
| Cash Conversion | 53.65% | ||
| Profit Quality | 7.46% | ||
| Current Ratio | 12.51 | ||
| Quick Ratio | 12.51 | ||
| Altman-Z | 0.97 |
F-Score6
WACC7.1%
ROIC/WACC0.08
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)9.77%
EPS 3Y12.07%
EPS 5Y9.72%
EPS Q2Q%-16.13%
EPS Next Y10.9%
EPS Next 2Y8.81%
EPS Next 3Y8.94%
EPS Next 5Y8.21%
Revenue 1Y (TTM)62.8%
Revenue growth 3Y19.62%
Revenue growth 5Y18.07%
Sales Q2Q%50.78%
Revenue Next Year48.43%
Revenue Next 2Y26.32%
Revenue Next 3Y21.81%
Revenue Next 5Y1.85%
EBIT growth 1Y67.27%
EBIT growth 3Y8.97%
EBIT growth 5Y13.79%
EBIT Next Year33.68%
EBIT Next 3Y21.64%
EBIT Next 5Y13.15%
FCF growth 1Y-54.31%
FCF growth 3Y10.8%
FCF growth 5Y26.53%
OCF growth 1Y-54.31%
OCF growth 3Y10.8%
OCF growth 5Y11.14%