Ameresco
Market Cap
US$1.3b
Last Updated
2020/07/04 23:54 UTC
Data Sources
Company Financials +
Executive Summary
Ameresco, Inc. provides comprehensive energy services for businesses and organizations in North America and Europe.
Rewards
Risk Analysis
Snowflake Analysis
Acceptable track record and slightly overvalued.
Similar Companies
Share Price & News
How has Ameresco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AMRC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.0%
AMRC
1.4%
US Construction
4.0%
US Market
1 Year Return
92.2%
AMRC
-12.6%
US Construction
4.9%
US Market
Return vs Industry: AMRC exceeded the US Construction industry which returned -12.6% over the past year.
Return vs Market: AMRC exceeded the US Market which returned 5% over the past year.
Shareholder returns
| AMRC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 1.4% | 4.0% |
| 30 Day | 26.4% | -5.4% | 1.3% |
| 90 Day | 80.3% | 28.1% | 29.5% |
| 1 Year | 92.2%92.2% | -12.0%-12.6% | 7.2%4.9% |
| 3 Year | 294.4%294.4% | -7.7%-9.7% | 36.1%27.2% |
| 5 Year | 299.4%299.4% | 18.0%13.7% | 65.3%46.9% |
Price Volatility Vs. Market
How volatile is Ameresco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
A Note On Ameresco, Inc.'s (NYSE:AMRC) ROE and Debt To Equity2 weeks ago | Simply Wall St
Should You Rely On Ameresco's (NYSE:AMRC) Earnings Growth?1 month ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Ameresco, Inc.'s (NYSE:AMRC) P/E RatioValuation
Is Ameresco undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AMRC ($28.2) is trading below our estimate of fair value ($211.38)
Significantly Below Fair Value: AMRC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AMRC is poor value based on its PE Ratio (28.4x) compared to the Construction industry average (13.3x).
PE vs Market: AMRC is poor value based on its PE Ratio (28.4x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: AMRC is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: AMRC is overvalued based on its PB Ratio (3.1x) compared to the US Construction industry average (1.5x).
Next Steps
Future Growth
How is Ameresco forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AMRC's forecast earnings growth (15.2% per year) is above the savings rate (2.2%).
Earnings vs Market: AMRC's earnings (15.2% per year) are forecast to grow slower than the US market (22.8% per year).
High Growth Earnings: AMRC's earnings are forecast to grow, but not significantly.
Revenue vs Market: AMRC's revenue (7.7% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: AMRC's revenue (7.7% 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 AMRC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Ameresco performed over the past 5 years?
35.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AMRC has a high level of non-cash earnings.
Growing Profit Margin: AMRC's current net profit margins (5%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: AMRC's earnings have grown significantly by 35.8% per year over the past 5 years.
Accelerating Growth: AMRC's earnings growth over the past year (32.3%) is below its 5-year average (35.8% per year).
Earnings vs Industry: AMRC earnings growth over the past year (32.3%) exceeded the Construction industry 15.6%.
Return on Equity
High ROE: AMRC's Return on Equity (9.5%) is considered low.
Next Steps
Financial Health
How is Ameresco's financial position?
Financial Position Analysis
Short Term Liabilities: AMRC's short term assets ($438.1M) exceed its short term liabilities ($316.1M).
Long Term Liabilities: AMRC's short term assets ($438.1M) do not cover its long term liabilities ($633.4M).
Debt to Equity History and Analysis
Debt Level: AMRC's debt to equity ratio (132.3%) is considered high.
Reducing Debt: AMRC's debt to equity ratio has increased from 66.6% to 132.3% over the past 5 years.
Debt Coverage: AMRC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AMRC's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Ameresco current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AMRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AMRC'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 AMRC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AMRC'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 AMRC'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?
6.5yrs
Average management tenure
CEO
George Sakellaris (73yo)
20.5yrs
Tenure
US$3,897,493
Compensation
Mr. George P. Sakellaris, P.E., founded Ameresco, Inc. in April 2000 and also has been its Chairman, Chief Executive Officer and President since 2000. Mr. Sakellaris had a vision of creating an energy comp ...
CEO Compensation Analysis
Compensation vs Market: George's total compensation ($USD3.90M) is about average for companies of similar size in the US market ($USD4.70M).
Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.5yrs | US$3.90m | 44.91% $602.4m | |
| Senior VP & CFO | 1yr | US$1.06m | no data | |
| VP of Finance & Chief Accounting Officer | 1.75yrs | US$735.98k | no data | |
| Executive VP | 20.5yrs | US$677.52k | 1.03% $13.8m | |
| Executive Vice President of Distributed Energy Systems | no data | US$710.88k | no data | |
| Executive VP & GM of Federal Solutions | no data | US$771.38k | 0.00072% $9.7k | |
| Vice President of Marketing & Communications | 1.5yrs | no data | no data | |
| Vice President of Human Resources & Operations | 1.5yrs | no data | no data | |
| Executive VP & Director | 20.5yrs | US$438.92k | 0.15% $2.0m | |
| Executive Vice President | 11.25yrs | US$413.78k | 0.063% $846.0k |
6.5yrs
Average Tenure
52yo
Average Age
Experienced Management: AMRC's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.5yrs | US$3.90m | 44.91% $602.4m | |
| Executive VP | 20.5yrs | US$677.52k | 1.03% $13.8m | |
| Executive VP & Director | 20.5yrs | US$438.92k | 0.15% $2.0m | |
| Independent Lead Director | 9.17yrs | US$296.18k | 0.10% $1.4m | |
| Independent Director | 1.25yrs | US$512.72k | 0.0084% $112.8k | |
| Independent Director | 3.75yrs | US$286.68k | 0.022% $296.0k | |
| Independent Director | 5.5yrs | US$291.18k | 0.025% $338.4k | |
| Independent Director | 9.17yrs | US$300.68k | 0.16% $2.1m | |
| Independent Director | 10.17yrs | US$295.68k | 0.029% $394.8k |
9.2yrs
Average Tenure
64yo
Average Age
Experienced Board: AMRC's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AMRC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ameresco, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ameresco, Inc.
- Ticker: AMRC
- Exchange: NYSE
- Founded: 2000
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: US$1.341b
- Shares outstanding: 47.57m
- Website: https://www.ameresco.com
Number of Employees
Location
- Ameresco, Inc.
- 111 Speen Street
- Suite 410
- Framingham
- Massachusetts
- 1701
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AMRC | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Jul 2010 |
| 4AM | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jul 2010 |
Biography
Ameresco, Inc. provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance costs of customers’ facilities. The company’s projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems. It also offers renewable energy products and services, such as the construction of small-scale plants for customers that produce electricity, gas, heat, or cooling from renewable sources of energy; and sells electricity and processed renewable gas fuel, heat, or cooling. In addition, the company provides integrated- photovoltaic (PV) and consulting, and enterprise energy management services; sells solar PV energy products and systems; and owns and operates a wind power project located in County Kerry, Ireland. It serves federal, state, and local governments, as well as healthcare and educational institutions, housing authorities, and commercial and industrial customers. As of December 31, 2019, the company owned and operated 99 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was founded in 2000 and is headquartered in Framingham, Massachusetts.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/04 23:54 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.