Array Technologies, Inc.

NasdaqGM:ARRY Stock Report

Market Cap: US$1.8b

Array Technologies Valuation

Is ARRY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ARRY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ARRY ($11.76) is trading below our estimate of fair value ($19.44)

Significantly Below Fair Value: ARRY is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ARRY?

Other financial metrics that can be useful for relative valuation.

ARRY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA12.1x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does ARRY's PE Ratio compare to its peers?

The above table shows the PE ratio for ARRY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.9x
POWL Powell Industries
16.6x4.5%US$1.7b
SHLS Shoals Technologies Group
38.4x29.8%US$1.2b
VICR Vicor
56.3x46.0%US$1.6b
THR Thermon Group Holdings
20.2x14.6%US$1.0b
ARRY Array Technologies
31.3x25.6%US$1.8b

Price-To-Earnings vs Peers: ARRY is good value based on its Price-To-Earnings Ratio (31.3x) compared to the peer average (32.9x).


Price to Earnings Ratio vs Industry

How does ARRY's PE Ratio compare vs other companies in the US Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ARRY is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the US Electrical industry average (19.7x).


Price to Earnings Ratio vs Fair Ratio

What is ARRY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ARRY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.3x
Fair PE Ratio33.2x

Price-To-Earnings vs Fair Ratio: ARRY is good value based on its Price-To-Earnings Ratio (31.3x) compared to the estimated Fair Price-To-Earnings Ratio (33.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ARRY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.76
US$18.35
+56.1%
23.5%US$29.00US$11.00n/a27
Jul ’25US$9.57
US$19.63
+105.1%
26.3%US$36.00US$12.00n/a28
Jun ’25US$14.18
US$19.83
+39.9%
25.9%US$36.00US$12.00n/a27
May ’25US$12.46
US$20.33
+63.1%
26.9%US$36.00US$12.00n/a26
Apr ’25US$14.69
US$20.32
+38.3%
27.6%US$36.00US$12.00n/a25
Mar ’25US$14.14
US$20.69
+46.3%
27.5%US$36.00US$12.00n/a24
Feb ’25US$13.72
US$24.54
+78.9%
26.1%US$36.00US$15.00n/a24
Jan ’25US$16.80
US$25.73
+53.1%
21.6%US$36.00US$17.00n/a24
Dec ’24US$16.27
US$26.54
+63.1%
19.4%US$38.00US$17.00n/a23
Nov ’24US$16.75
US$30.48
+82.0%
17.1%US$38.00US$21.00n/a22
Oct ’24US$22.19
US$30.88
+39.2%
17.4%US$38.00US$18.00n/a21
Sep ’24US$24.95
US$29.93
+20.0%
18.2%US$38.00US$16.00n/a21
Aug ’24US$18.83
US$28.21
+49.8%
16.8%US$37.00US$16.00n/a21
Jul ’24US$22.60
US$27.93
+23.6%
16.3%US$37.00US$17.00US$9.5720
Jun ’24US$22.86
US$27.45
+20.1%
15.2%US$35.00US$17.00US$14.1819
May ’24US$19.77
US$27.32
+38.2%
14.9%US$35.00US$17.00US$12.4619
Apr ’24US$21.88
US$27.39
+25.2%
15.7%US$35.00US$16.00US$14.6918
Mar ’24US$18.30
US$27.71
+51.4%
16.9%US$36.00US$16.00US$14.1417
Feb ’24US$22.49
US$26.69
+18.7%
20.4%US$36.00US$16.00US$13.7216
Jan ’24US$19.33
US$26.80
+38.6%
20.9%US$36.00US$16.00US$16.8015
Dec ’23US$20.46
US$26.77
+30.8%
22.5%US$36.00US$16.00US$16.2713
Nov ’23US$18.43
US$25.85
+40.2%
19.7%US$35.00US$17.00US$16.7513
Oct ’23US$16.58
US$26.46
+59.6%
19.4%US$35.00US$17.00US$22.1913
Sep ’23US$21.46
US$24.77
+15.4%
19.5%US$35.00US$17.00US$24.9513
Aug ’23US$15.94
US$17.00
+6.7%
29.0%US$28.00US$7.00US$18.8312
Jul ’23US$11.09
US$16.50
+48.8%
33.6%US$26.00US$7.00US$22.6012

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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