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Market Cap

US$3.3b

Last Updated

2021/04/15 23:47 UTC

Data Sources

Company Financials +

Executive Summary

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. More Details


Snowflake Analysis

High growth potential with questionable track record.


Similar Companies

Share Price & News

How has Array Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ARRY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ARRY's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-11.0%

ARRY

-1.6%

US Electrical

1.1%

US Market


1 Year Return

n/a

ARRY

107.2%

US Electrical

56.6%

US Market

Return vs Industry: Insufficient data to determine how ARRY performed against the US Electrical industry.

Return vs Market: Insufficient data to determine how ARRY performed against the US Market.


Shareholder returns

ARRYIndustryMarket
7 Day-11.0%-1.6%1.1%
30 Day-25.2%-6.2%1.7%
90 Day-41.5%-4.6%6.0%
1 Yearn/a110.9%107.2%59.3%56.6%
3 Yearn/a74.1%64.7%62.6%52.2%
5 Yearn/a94.3%79.3%120.6%96.1%

Long-Term Price Volatility Vs. Market

How volatile is Array Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Array Technologies undervalued compared to its fair value and its price relative to the market?

55.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ARRY ($29.07) is trading above our estimate of fair value ($16.19)

Significantly Below Fair Value: ARRY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ARRY is poor value based on its PE Ratio (59.8x) compared to the US Electrical industry average (30.4x).

PE vs Market: ARRY is poor value based on its PE Ratio (59.8x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: ARRY is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: ARRY has negative assets, so we can't compare its PB Ratio to the US Electrical industry average.


Future Growth

How is Array Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

26.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARRY's forecast earnings growth (26% per year) is above the savings rate (2%).

Earnings vs Market: ARRY's earnings (26% per year) are forecast to grow faster than the US market (18.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ARRY's revenue (14.4% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: ARRY's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ARRY's Return on Equity is forecast to be very high in 3 years time (57%).


Past Performance

How has Array Technologies performed over the past 5 years?

47.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ARRY has a high level of non-cash earnings.

Growing Profit Margin: ARRY's current net profit margins (6.8%) are higher than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ARRY's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare ARRY's past year earnings growth to its 5-year average.

Earnings vs Industry: ARRY earnings growth over the past year (47%) exceeded the Electrical industry -8.9%.


Return on Equity

High ROE: ARRY's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Array Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ARRY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ARRY has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ARRY has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ARRY's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: ARRY's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ARRY's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Dividend

What is Array Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ARRY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ARRY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ARRY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ARRY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ARRY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Jim Fusaro (57 yo)

2.83yrs

Tenure

US$3,107,811

Compensation

Mr. James M. Fusaro, also known as Jim, has been Chief Executive Officer at Array Technologies, Inc since June 19, 2018 and also serves as its Director. Mr. Fusaro served as Executive Vice President of Ass...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD3.11M) is below average for companies of similar size in the US market ($USD5.09M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ARRY's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: ARRY's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: ARRY only recently listed within the past 12 months.


Top Shareholders

Company Information

Array Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Array Technologies, Inc.
  • Ticker: ARRY
  • Exchange: NasdaqGM
  • Founded: 1989
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$3.266b
  • Shares outstanding: 126.99m
  • Website: https://arraytechinc.com

Number of Employees


Location

  • Array Technologies, Inc.
  • 3901 Midway Place NE
  • Albuquerque
  • New Mexico
  • 87109
  • United States

Listings


Biography

Array Technologies, Inc. manufactures and supplies solar tracking systems and related products for customers in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis so...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/15 23:47
End of Day Share Price2021/04/15 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.