Ameresco (NYSE:AMRC) - Share price, News & Analysis

AMRC fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

AMRC Stock Overview

Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally.

Rewards

Earnings are forecast to grow 15.5% per year

Earnings grew by 30% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Ameresco Competitors

Arcosa

NYSE:ACA

US$2.3b

NV5 Global

NasdaqCM:NVEE

US$1.8b

Comfort Systems USA

NYSE:FIX

US$3.0b

Dycom Industries

NYSE:DY

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Ameresco
Historical stock prices
Current Share Price	US$47.86
52 Week High	US$101.86
52 Week Low	US$42.53
Beta	1.02
1 Month Change	-23.47%
3 Month Change	-42.62%
1 Year Change	-26.17%
3 Year Change	224.47%
5 Year Change	533.91%
Change since IPO	370.60%

Recent News & Updates

Jun 07

Ameresco (NYSE:AMRC) Is Looking To Continue Growing Its Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

	AMRC	US Construction	US Market
7D	6.1%	7.4%	6.6%
1Y	-26.2%	-2.9%	-18.4%

Return vs Industry: AMRC underperformed the US Construction industry which returned -2.9% over the past year.

Return vs Market: AMRC underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is AMRC's price volatile compared to industry and market?
AMRC volatility
AMRC Average Weekly Movement	10.9%
Construction Industry Average Movement	5.9%
Market Average Movement	8.1%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.2%

Stable Share Price: AMRC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: AMRC's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	1,272	George Sakellaris	https://www.ameresco.com

Ameresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. The company operates through U.S.

Ameresco Fundamentals Summary

How do Ameresco's earnings and revenue compare to its market cap?
AMRC fundamental statistics
Market Cap	US$2.45b
Earnings (TTM)	US$76.56m
Revenue (TTM)	US$1.44b

32.4x

P/E Ratio

1.7x

P/S Ratio

Is AMRC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMRC income statement (TTM)
Revenue	US$1.44b
Cost of Revenue	US$1.19b
Gross Profit	US$251.83m
Other Expenses	US$175.27m
Earnings	US$76.56m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.48
Gross Margin	17.52%
Net Profit Margin	5.33%
Debt/Equity Ratio	169.6%

How did AMRC perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AMRC. This is calculated by dividing AMRC's market cap by their current preferred multiple.
What is AMRC's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$2.45b

AMRC 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/Revenue	2.7x
Enterprise Value/EBITDA	24.3x
PEG Ratio	2.1x

Price to Earnings Ratio vs Peers

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

AMRC PE Ratio vs Peers

The above table shows the PE ratio for AMRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	30.7x
ACA Arcosa	30.9x	22.4%	US$2.3b
NVEE NV5 Global	35.1x	17.0%	US$1.8b
FIX Comfort Systems USA	14.6x	-0.02%	US$3.0b
DY Dycom Industries	42x	46.4%	US$2.8b
AMRC Ameresco	32x	15.5%	US$2.4b

Forward PE

Price-To-Earnings vs Peers: AMRC is expensive based on its Price-To-Earnings Ratio (32x) compared to the peer average (30.7x).

Price to Earnings Ratio vs Industry

How does AMRC's PE Ratio compare vs other companies in the US Construction Industry?

Price-To-Earnings vs Industry: AMRC is expensive based on its Price-To-Earnings Ratio (32x) compared to the US Construction industry average (23.9x)

Price to Earnings Ratio vs Fair Ratio

What is AMRC'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.

AMRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	32.4x
Fair PE Ratio	24.1x

Price-To-Earnings vs Fair Ratio: AMRC is expensive based on its Price-To-Earnings Ratio (32x) compared to the estimated Fair Price-To-Earnings Ratio (24.1x).

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate AMRC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AMRC's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: AMRC is poor value based on its PEG Ratio (2.1x)

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Future Growth

How is Ameresco forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

15.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMRC's forecast earnings growth (15.5% per year) is above the savings rate (1.9%).

Earnings vs Market: AMRC's earnings (15.5% per year) are forecast to grow faster than the US market (13.9% per year).

High Growth Earnings: AMRC's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMRC's revenue is expected to decline over the next 3 years (-4.7% per year).

High Growth Revenue: AMRC's revenue is forecast to decline over the next 3 years (-4.7% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AMRC's Return on Equity is forecast to be low in 3 years time (12.8%).

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Past Performance

How has Ameresco performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

22.4%

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 (5.3%) are lower than last year (5.5%).

Past Earnings Growth Analysis

Earnings Trend: AMRC's earnings have grown significantly by 22.4% per year over the past 5 years.

Accelerating Growth: AMRC's earnings growth over the past year (30%) exceeds its 5-year average (22.4% per year).

Earnings vs Industry: AMRC earnings growth over the past year (30%) exceeded the Construction industry -0.1%.

Return on Equity

High ROE: AMRC's Return on Equity (11.1%) is considered low.

Discover strong past performing companies

Financial Health

How is Ameresco's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: AMRC's short term assets ($845.2M) exceed its short term liabilities ($395.1M).

Long Term Liabilities: AMRC's short term assets ($845.2M) do not cover its long term liabilities ($1.4B).

Debt to Equity History and Analysis

Debt Level: AMRC's net debt to equity ratio (160.9%) is considered high.

Reducing Debt: AMRC's debt to equity ratio has increased from 113.1% to 169.6% 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 (5.4x coverage).

Balance Sheet

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Dividend

What is Ameresco current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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.

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AMRC has not reported any payouts.

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Management

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

3.7yrs

Average management tenure

CEO

George Sakellaris (74 yo)

22.42yrs

Tenure

US$7,046,400

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 ($USD7.05M) is about average for companies of similar size in the US market ($USD6.88M).

Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: AMRC's management team is considered experienced (3.7 years average tenure).

Board Members

Experienced Board: AMRC's board of directors are seasoned and experienced ( 11.1 years average tenure).

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: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/27 00:00
End of Day Share Price	2022/06/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31