Energy Recovery, Inc. provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names.
Flawless balance sheet with limited growth.
Share Price & News
How has Energy Recovery's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ERII has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ERII exceeded the US Machinery industry which returned 2.8% over the past year.
Return vs Market: ERII exceeded the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is Energy Recovery's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StIs Energy Recovery's (NASDAQ:ERII) 225% Share Price Increase Well Justified?
3 weeks ago | Simply Wall StDid Energy Recovery, Inc. (NASDAQ:ERII) Use Debt To Deliver Its ROE Of 10%?
1 month ago | Simply Wall StWhat Does Energy Recovery, Inc.'s (NASDAQ:ERII) P/E Ratio Tell You?
Is Energy Recovery undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ERII ($10.12) is trading above our estimate of fair value ($0.83)
Significantly Below Fair Value: ERII is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ERII is poor value based on its PE Ratio (39.5x) compared to the Machinery industry average (21x).
PE vs Market: ERII is poor value based on its PE Ratio (39.5x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: ERII is poor value based on its PEG Ratio (6.7x)
Price to Book Ratio
PB vs Industry: ERII is overvalued based on its PB Ratio (4.1x) compared to the US Machinery industry average (2.1x).
How is Energy Recovery forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ERII's forecast earnings growth (5.9% per year) is above the savings rate (1.7%).
Earnings vs Market: ERII's earnings (5.9% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: ERII's earnings are forecast to grow, but not significantly.
Revenue vs Market: ERII's revenue (17.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: ERII's revenue (17.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ERII's Return on Equity is forecast to be high in 3 years time
How has Energy Recovery performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERII has a high level of non-cash earnings.
Growing Profit Margin: ERII's current net profit margins (16.4%) are lower than last year (41.3%).
Past Earnings Growth Analysis
Earnings Trend: ERII has become profitable over the past 5 years, growing earnings by 68% per year.
Accelerating Growth: ERII's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ERII had negative earnings growth (-58%) over the past year, making it difficult to compare to the Machinery industry average (0.9%).
Return on Equity
High ROE: ERII's Return on Equity (10.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Energy Recovery's financial position?
Financial Position Analysis
Short Term Liabilities: ERII's short term assets ($123.7M) exceed its short term liabilities ($28.6M).
Long Term Liabilities: ERII's short term assets ($123.7M) exceed its long term liabilities ($27.2M).
Debt to Equity History and Analysis
Debt Level: ERII is debt free.
Reducing Debt: ERII had no debt 5 years ago.
Debt Coverage: ERII has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ERII has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: ERII has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if ERII's debt is covered by short term assets.
What is Energy Recovery's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ERII's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ERII's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ERII's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ERII'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 ERII's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert, Bob Mao (75yo)
Mr. Yu-Lang Mao, also known as Robert & Bob, serves as an Advisor at PAC-LINK Management Corp. Mr. Mao served as the Chairman of the Board and Chief Executive Officer of Ubee Interactive. He completed the ...
|Interim President||0.3yrs||US$135.00k||0.33% $1.8m|
|Chief Financial Officer||1.5yrs||US$1.63m||0.0070% $38.7k|
|Vice President of Operations||5.1yrs||US$783.35k||0.038% $209.0k|
|Senior Vice President of Water||0.08yrs||US$779.55k||0.0029% $15.8k|
|Senior VP of Corporate Development & Operations||0.08yrs||no data||0.018% $101.9k|
|Chief Technology Officer||2.3yrs||no data||0.050% $279.8k|
|Vice President of Investor Relations||0yrs||no data||no data|
|General Counsel||3.7yrs||no data||0.038% $209.4k|
|Vice President of Human Resources||1.1yrs||no data||no data|
|Corporate Controller||1.1yrs||no data||no data|
Experienced Management: ERII's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|Interim President||0.3yrs||US$135.00k||0.33% $1.8m|
|Independent Director||4.7yrs||US$135.00k||0.033% $181.1k|
|Independent Director||24.5yrs||US$145.00k||2.21% $12.2m|
|Independent Director||5yrs||US$140.00k||1.16% $6.4m|
|Independent Director||5yrs||US$150.00k||0.11% $603.6k|
|Independent Director||3.4yrs||US$135.00k||no data|
|Director||0.6yrs||no data||no data|
Experienced Board: ERII's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ERII insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Energy Recovery, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Energy Recovery, Inc.
- Ticker: ERII
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$554.463m
- Shares outstanding: 55.12m
- Website: https://www.energyrecovery.com
Number of Employees
- Energy Recovery, Inc.
- 1717 Doolittle Drive
- San Leandro
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ERII||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jul 2008|
|500||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2008|
Energy Recovery, Inc. provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for small- to medium-sized desalination plants. The company also provides VorTeq solutions for hydraulic fracturing applications; MTeq solutions for mud pumping applications; IsoBoost systems, such as hydraulic turbo chargers, and related controls and automation systems; and IsoGen systems, including hydraulic turbines, and related controls and automation systems. It serves engineering, procurement, and construction firms that design and build large desalination plants; original equipment manufacturers; plant owners and/or operators; oil companies; exploration and production companies; and oilfield service companies. The company operates in the Middle East, Africa, the Americas, Asia, Europe, and internationally. It markets its products through its direct salesforce. Energy Recovery, Inc. was founded in 1992 and is headquartered in San Leandro, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:51|
|End of Day Share Price||2020/02/26 00:00|
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.