HA SUSTAINABLE INFRASTRUCTUR (HASI) Stock Fundamental Analysis

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

35.85 USD
+0.6 (+1.7%)
At close: Feb 4, 2026
35.85 USD
0 (0%)
After Hours: 2/4/2026, 8:25:31 PM
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. 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.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year HASI was profitable.
  • In the past year HASI has reported a negative cash flow from operations.
  • Each year in the past 5 years HASI has been profitable.
  • 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 0 100M -100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.73%, HASI is in the better half of the industry, outperforming 72.16% of the companies in the same industry.
  • 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

  • With an excellent Profit Margin value of 79.02%, HASI belongs to the best of the industry, outperforming 97.94% of the companies in the same industry.
  • HASI's Profit Margin has declined in the last couple of years.
  • HASI's Operating Margin has declined in the last couple of years.
  • HASI has a Gross Margin (28.30%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of HASI has declined.
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.
  • The number of shares outstanding for HASI has been increased compared to 1 year ago.
  • 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 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

  • 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.
  • With a Altman-Z score value of 0.97, HASI perfoms like the industry average, outperforming 58.76% 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 has a Debt to Equity ratio of 1.99. This is in the lower half of the industry: HASI underperforms 65.98% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF N/A
Altman-Z 0.97
ROIC/WACCN/A
WACC7.57%
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.
  • The Current ratio of HASI (11.03) is better than 97.94% of its industry peers.
  • A Quick Ratio of 11.03 indicates that HASI has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 11.03, HASI belongs to the top of the industry, outperforming 97.94% of the companies in the same industry.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • HASI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.71%, 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 negative growth in Revenue. The Revenue has decreased by -18.48% in the last year.
  • 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.
  • 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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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.48, the valuation of HASI can be described as correct.
  • HASI's Price/Earnings is on the same level as the industry average.
  • HASI is valuated cheaply when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 12.44, the valuation of HASI can be described as correct.
  • HASI's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. HASI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 13.48
Fwd PE 12.44
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)1.27
PEG (5Y)1.15
EPS Next 2Y8.47%
EPS Next 3Y9.81%

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

8

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.78%, HASI is a good candidate for dividend investing.
  • HASI's Dividend Yield is rather good when compared to the industry average which is at 2.00. HASI pays more dividend than 85.57% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, HASI pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.78%

5.2 History

  • The dividend of HASI has a limited annual growth rate of 4.07%.
  • 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)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

  • HASI pays out 67.27% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of HASI is growing, but earnings are growing more, so the dividend growth is 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

More info and screens

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HA SUSTAINABLE INFRASTRUCTUR

NYSE:HASI (2/4/2026, 8:25:31 PM)

After market: 35.85 0 (0%)

35.85

+0.6 (+1.7%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-06
Earnings (Next)02-12
Inst Owners108.46%
Inst Owner Change-1.24%
Ins Owners1.89%
Ins Owner Change0%
Market Cap4.52B
Revenue(TTM)386.99M
Net Income(TTM)305.80M
Analysts83.64
Price Target40.8 (13.81%)
Short Float %9.02%
Short Ratio11.72
Dividend
Industry RankSector Rank
Dividend Yield 4.78%
Yearly Dividend1.66
Dividend Growth(5Y)4.07%
DP67.27%
Div Incr Years6
Div Non Decr Years11
Ex-DateN/A
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)0.72%
PT rev (3m)3.7%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)-9.18%
EPS NY rev (1m)0%
EPS NY rev (3m)1.39%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)-2.42%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)0.14%
Valuation
Industry RankSector Rank
PE 13.48
Fwd PE 12.44
P/S 11.68
P/FCF N/A
P/OCF N/A
P/B 1.74
P/tB 1.74
EV/EBITDA N/A
EPS(TTM)2.66
EY7.42%
EPS(NY)2.88
Fwd EY8.04%
FCF(TTM)-0.73
FCFYN/A
OCF(TTM)-0.73
OCFYN/A
SpS3.07
BVpS20.66
TBVpS20.66
PEG (NY)1.27
PEG (5Y)1.15
Graham Number35.17
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-Score1
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 1.99
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 11.03
Quick Ratio 11.03
Altman-Z 0.97
F-Score1
WACC7.57%
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)12.71%
EPS 3Y9.23%
EPS 5Y11.68%
EPS Q2Q%53.85%
EPS Next Y10.6%
EPS Next 2Y8.47%
EPS Next 3Y9.81%
EPS Next 5Y9.92%
Revenue 1Y (TTM)-18.48%
Revenue growth 3Y21.63%
Revenue growth 5Y22.06%
Sales Q2Q%25.9%
Revenue Next Year6.5%
Revenue Next 2Y10.6%
Revenue Next 3Y11.57%
Revenue Next 5Y-3.69%
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 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 13.48 and the Price/Book (PB) ratio is 1.74.


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%.