Stock ARRY ARRAY TECHNOLOGIES, INC.
Add to a list
To use this feature you must be a member
Log inSign up

Financials Array Technologies, Inc.

Equities

ARRY

US04271T1007

Renewable Energy Equipment & Services

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-05-31 pm EDT 		5-day change 1st Jan Change
14.18 USD -0.07% Intraday chart for Array Technologies, Inc. +4.34% -15.60%
May. 23 Morgan Stanley Adjusts Price Target on Array Technologies to $17 From $18, Maintains Equalweight Rating MT
May. 17 Wells Fargo Cuts Price Target on Array Technologies to $14 From $16, Maintains Equalweight Rating MT

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,479 2,119 2,909 2,540 2,152 - -
Enterprise Value (EV) 1 5,798 2,472 3,545 3,022 2,441 2,355 2,064
P/E ratio 88 x -30.8 x -66.7 x 30 x 21.2 x 14.5 x 15.9 x
Yield - - - - - - -
Capitalization / Revenue 6.28 x 2.48 x 1.78 x 1.61 x 1.6 x 1.32 x 1.22 x
EV / Revenue 6.64 x 2.9 x 2.16 x 1.92 x 1.82 x 1.44 x 1.17 x
EV / EBITDA 36.1 x 57.2 x 27.5 x 10.5 x 8.14 x 6.39 x 5.46 x
EV / FCF -46.9 x -9.27 x 27.1 x 14.1 x 18.9 x 11.4 x 9.45 x
FCF Yield -2.13% -10.8% 3.69% 7.11% 5.29% 8.74% 10.6%
Price to Book -67.7 x 12.1 x 23.3 x 9.8 x 4.38 x 3.41 x 2.69 x
Nbr of stocks (in thousands) 126,994 135,027 150,491 151,216 151,769 - -
Reference price 2 43.14 15.69 19.33 16.80 14.18 14.18 14.18
Announcement Date 3/9/21 4/5/22 3/21/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 647.9 872.7 853.3 1,638 1,577 1,345 1,634 1,766
EBITDA 1 - 160.5 43.22 128.7 288.1 300 368.6 377.8
EBIT 1 - 133.1 -24.74 -18.13 214.1 234 282.8 305.4
Operating Margin - 15.25% -2.9% -1.11% 13.58% 17.4% 17.31% 17.29%
Earnings before Tax (EBT) 1 - 77.78 -61.12 -4.952 177.2 196.1 251.3 266
Net income 1 39.74 59.07 -66.12 -43.62 85.55 106.3 153.8 139.3
Net margin 6.13% 6.77% -7.75% -2.66% 5.43% 7.9% 9.41% 7.89%
EPS 2 - 0.4900 -0.5100 -0.2900 0.5600 0.6694 0.9769 0.8904
Free Cash Flow 1 - -123.5 -266.5 130.9 215 129.2 205.9 218.4
FCF margin - -14.16% -31.24% 7.99% 13.64% 9.61% 12.6% 12.37%
FCF Conversion (EBITDA) - - - 101.66% 74.61% 43.08% 55.86% 57.81%
FCF Conversion (Net income) - - - - 251.28% 121.6% 133.89% 156.74%
Dividend per Share 2 - - - - - - - -
Announcement Date 10/8/20 3/9/21 4/5/22 3/21/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 219.9 300.6 424.9 515 402.1 376.8 507.7 350.4 341.6 153.4 236 422.6 509.9 300.1 397.7
EBITDA 1 0.453 0.737 25.94 55.42 51.7 66.97 115.6 57.39 48.18 26.25 42.05 101.3 129.8 58.71 87
EBIT 1 -20.01 -32.16 -6.844 18.52 16.35 47.46 96.24 40.2 30.22 8.414 25.72 83.42 112 35.62 62.07
Operating Margin -9.1% -10.7% -1.61% 3.6% 4.07% 12.6% 18.96% 11.47% 8.85% 5.48% 10.9% 19.74% 21.96% 11.87% 15.61%
Earnings before Tax (EBT) 1 -27.13 -34.5 -16.97 51.97 8.548 36.01 87.21 30.44 22.36 3.469 17.84 71.93 105.7 34.6 59.02
Net income 1 -32.14 -33.66 -14.96 28.56 -17.26 13.65 52.02 10.12 6.01 -11.34 4.438 44.37 67.39 19 31.79
Net margin -14.62% -11.2% -3.52% 5.55% -4.29% 3.62% 10.25% 2.89% 1.76% -7.39% 1.88% 10.5% 13.22% 6.33% 7.99%
EPS 2 -0.2500 -0.2300 -0.1000 0.1900 -0.1100 0.0900 0.3400 0.0700 0.0400 -0.0700 0.0267 0.2966 0.4349 0.0686 0.2024
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 4/5/22 5/10/22 8/9/22 11/8/22 3/21/23 5/9/23 8/8/23 11/7/23 2/27/24 5/9/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 320 354 636 481 289 203 -
Net Cash position 1 - - - - - - - 87.7
Leverage (Debt/EBITDA) - 1.992 x 8.182 x 4.938 x 1.671 x 0.9624 x 0.551 x -
Free Cash Flow 1 - -124 -267 131 215 129 206 218
ROE (net income / shareholders' equity) - 100% 20% 208% 89.3% 39.3% 34.6% 36.1%
ROA (Net income/ Total Assets) - 14.2% 0.97% 4.02% 10% 6.22% 11.8% -
Assets 1 - 415.1 -6,812 -1,085 852.4 1,708 1,308 -
Book Value Per Share 2 - -0.6400 1.290 0.8300 1.710 3.240 4.160 5.280
Cash Flow per Share 2 - -1.010 -2.020 0.9400 1.530 1.170 1.930 1.330
Capex 1 - 1.34 3.36 10.6 17 24.8 28 28.4
Capex / Sales - 0.15% 0.39% 0.65% 1.08% 1.85% 1.71% 1.61%
Announcement Date 10/8/20 3/9/21 4/5/22 3/21/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Array Technologies, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
14.18 USD
Average target price
19.98 USD
Spread / Average Target
+40.91%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Renewable Energy Equipment & Services

1st Jan change Capi.
ARRAY TECHNOLOGIES, INC. Stock Array Technologies, Inc.
-15.60% 2.15B
SIEMENS ENERGY AG Stock Siemens Energy AG
+106.83% 21.05B
SUNGROW POWER SUPPLY CO., LTD. Stock Sungrow Power Supply Co., Ltd.
+12.67% 20.01B
TRINA SOLAR CO., LTD. Stock Trina Solar Co., Ltd.
-22.64% 6.6B
MING YANG SMART ENERGY GROUP LIMITED Stock Ming Yang Smart Energy Group Limited
-18.90% 3.03B
GOODWE TECHNOLOGIES CO., LTD. Stock GoodWe Technologies Co., Ltd.
-21.31% 2.45B
NEL ASA Stock Nel ASA
+16.11% 1.27B
SHENZHEN HOPEWIND ELECTRIC CO., LTD. Stock Shenzhen Hopewind Electric Co., Ltd.
-28.92% 1.09B
AZAD ENGINEERING LIMITED Stock Azad Engineering Limited
+116.11% 1.06B
SMART GÜNES ENERJISI TEKNOLOJILERI ARASTIRMA VE GELISTIRME ÜRETIM SANAYI VE TICARET Stock Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret
-9.14% 943M
Other Renewable Energy Equipment & Services
  1. Stock Market
  2. Equities
  3. ARRY Stock
  4. Financials Array Technologies, Inc.