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SUNNOVA ENERGY INTERNATIONAL (NOVA) Stock Fundamental Analysis

NYSE:NOVA - New York Stock Exchange, Inc. - US86745K1043 - Common Stock - Currency: USD

1.95  -0.1 (-4.88%)

After market: 1.9301 -0.02 (-1.02%)

Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to NOVA. NOVA was compared to 20 industry peers in the Independent Power and Renewable Electricity Producers industry. Both the profitability and financial health of NOVA have multiple concerns. NOVA is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

NOVA had negative earnings in the past year.
In the past year NOVA has reported a negative cash flow from operations.
In the past 5 years NOVA always reported negative net income.
NOVA had a negative operating cash flow in each of the past 5 years.
NOVA Yearly Net Income VS EBIT VS OCF VS FCFNOVA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 -500M -1B -1.5B -2B

1.2 Ratios

NOVA's Return On Assets of -3.21% is on the low side compared to the rest of the industry. NOVA is outperformed by 73.68% of its industry peers.
NOVA's Return On Equity of -23.23% is on the low side compared to the rest of the industry. NOVA is outperformed by 78.95% of its industry peers.
Industry RankSector Rank
ROA -3.21%
ROE -23.23%
ROIC N/A
ROA(3y)-2.71%
ROA(5y)-4.39%
ROE(3y)-17.23%
ROE(5y)-20.87%
ROIC(3y)N/A
ROIC(5y)N/A
NOVA Yearly ROA, ROE, ROICNOVA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 -10 -20 -30

1.3 Margins

The Gross Margin of NOVA (42.86%) is worse than 63.16% of its industry peers.
NOVA's Gross Margin has declined in the last couple of years.
NOVA does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.86%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.88%
GM growth 5Y-8.9%
NOVA Yearly Profit, Operating, Gross MarginsNOVA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100 -150

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2. Health

2.1 Basic Checks

NOVA does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NOVA has been increased compared to 1 year ago.
The number of shares outstanding for NOVA has been increased compared to 5 years ago.
The debt/assets ratio for NOVA is higher compared to a year ago.
NOVA Yearly Shares OutstandingNOVA Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
NOVA Yearly Total Debt VS Total AssetsNOVA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

NOVA has an Altman-Z score of 0.00. This is a bad value and indicates that NOVA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NOVA (0.00) is worse than 63.16% of its industry peers.
A Debt/Equity ratio of 4.45 is on the high side and indicates that NOVA has dependencies on debt financing.
NOVA's Debt to Equity ratio of 4.45 is on the low side compared to the rest of the industry. NOVA is outperformed by 63.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.45
Debt/FCF N/A
Altman-Z 0
ROIC/WACCN/A
WACC3.92%
NOVA Yearly LT Debt VS Equity VS FCFNOVA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 0 2B -2B 4B 6B

2.3 Liquidity

A Current Ratio of 0.86 indicates that NOVA may have some problems paying its short term obligations.
NOVA has a Current ratio of 0.86. This is comparable to the rest of the industry: NOVA outperforms 42.11% of its industry peers.
NOVA has a Quick Ratio of 0.86. This is a bad value and indicates that NOVA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of NOVA (0.73) is worse than 63.16% of its industry peers.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.73
NOVA Yearly Current Assets VS Current LiabilitesNOVA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

NOVA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -42.33%.
Looking at the last year, NOVA shows a quite strong growth in Revenue. The Revenue has grown by 12.17% in the last year.
The Revenue has been growing by 47.17% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-42.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-84.91%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y64.87%
Revenue growth 5Y47.17%
Sales Q2Q%18.6%

3.2 Future

The Earnings Per Share is expected to grow by 8.56% on average over the next years. This is quite good.
Based on estimates for the next years, NOVA will show a quite strong growth in Revenue. The Revenue will grow by 18.76% on average per year.
EPS Next Y26.38%
EPS Next 2Y18.01%
EPS Next 3Y10.66%
EPS Next 5Y8.56%
Revenue Next Year12.61%
Revenue Next 2Y18.19%
Revenue Next 3Y18.96%
Revenue Next 5Y18.76%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
NOVA Yearly Revenue VS EstimatesNOVA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 500M 1B 1.5B 2B
NOVA Yearly EPS VS EstimatesNOVA Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 -1 -2 -3

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4. Valuation

4.1 Price/Earnings Ratio

NOVA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year NOVA is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NOVA Price Earnings VS Forward Price EarningsNOVA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150 200

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NOVA Per share dataNOVA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.01%
EPS Next 3Y10.66%

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0

5. Dividend

5.1 Amount

No dividends for NOVA!.
Industry RankSector Rank
Dividend Yield N/A

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SUNNOVA ENERGY INTERNATIONAL

NYSE:NOVA (2/21/2025, 8:04:01 PM)

After market: 1.9301 -0.02 (-1.02%)

1.95

-0.1 (-4.88%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)10-30 2024-10-30/amc
Earnings (Next)03-03 2025-03-03/amc
Inst Owners106.57%
Inst Owner Change-14.4%
Ins Owners2.02%
Ins Owner Change0.43%
Market Cap243.65M
Analysts75.33
Price Target7.8 (300%)
Short Float %31.65%
Short Ratio4.08
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.8%
Min EPS beat(2)-73.88%
Max EPS beat(2)87.49%
EPS beat(4)2
Avg EPS beat(4)-160%
Min EPS beat(4)-677.74%
Max EPS beat(4)87.49%
EPS beat(8)3
Avg EPS beat(8)-99.2%
EPS beat(12)4
Avg EPS beat(12)-75.09%
EPS beat(16)4
Avg EPS beat(16)-90.89%
Revenue beat(2)0
Avg Revenue beat(2)-2.44%
Min Revenue beat(2)-3.65%
Max Revenue beat(2)-1.23%
Revenue beat(4)0
Avg Revenue beat(4)-9.68%
Min Revenue beat(4)-19.05%
Max Revenue beat(4)-1.23%
Revenue beat(8)2
Avg Revenue beat(8)-1.93%
Revenue beat(12)4
Avg Revenue beat(12)4.7%
Revenue beat(16)6
Avg Revenue beat(16)3.22%
PT rev (1m)-14.71%
PT rev (3m)-33.21%
EPS NQ rev (1m)-9.3%
EPS NQ rev (3m)-5.82%
EPS NY rev (1m)-3.95%
EPS NY rev (3m)1.16%
Revenue NQ rev (1m)-0.99%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.3
P/FCF N/A
P/OCF N/A
P/B 0.14
P/tB 0.15
EV/EBITDA N/A
EPS(TTM)-3.06
EYN/A
EPS(NY)-2.06
Fwd EYN/A
FCF(TTM)-17.04
FCFYN/A
OCF(TTM)-2.26
OCFYN/A
SpS6.48
BVpS14.24
TBVpS13.34
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.21%
ROE -23.23%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.86%
FCFM N/A
ROA(3y)-2.71%
ROA(5y)-4.39%
ROE(3y)-17.23%
ROE(5y)-20.87%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-11.88%
GM growth 5Y-8.9%
F-Score4
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 4.45
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 769.62%
Cap/Sales 228%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.86
Quick Ratio 0.73
Altman-Z 0
F-Score4
WACC3.92%
ROIC/WACCN/A
Cap/Depr(3y)720.68%
Cap/Depr(5y)782.12%
Cap/Sales(3y)213.11%
Cap/Sales(5y)265.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-84.91%
EPS Next Y26.38%
EPS Next 2Y18.01%
EPS Next 3Y10.66%
EPS Next 5Y8.56%
Revenue 1Y (TTM)12.17%
Revenue growth 3Y64.87%
Revenue growth 5Y47.17%
Sales Q2Q%18.6%
Revenue Next Year12.61%
Revenue Next 2Y18.19%
Revenue Next 3Y18.96%
Revenue Next 5Y18.76%
EBIT growth 1Y-56.07%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year544.59%
EBIT Next 3Y97.63%
EBIT Next 5Y59.29%
FCF growth 1Y-81.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.84%
OCF growth 3YN/A
OCF growth 5YN/A