NYSE:AMRC

Stock Analysis Report

Executive Summary

Ameresco, Inc. provides comprehensive energy services for businesses and organizations in North America and Europe.

Snowflake

Fundamentals

Limited growth with questionable track record.


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


Market Performance


7 Day Return

0.3%

AMRC

4.8%

US Construction

3.4%

US Market


1 Year Return

14.6%

AMRC

3.3%

US Construction

5.4%

US Market

Return vs Industry: AMRC exceeded the US Construction industry which returned 3.3% over the past year.

Return vs Market: AMRC exceeded the US Market which returned 5.4% over the past year.


Shareholder returns

AMRCIndustryMarket
7 Day0.3%4.8%3.4%
30 Day-4.7%-0.07%-1.0%
90 Day1.1%0.9%-0.4%
1 Year14.6%14.6%4.1%3.3%7.7%5.4%
3 Year183.7%183.7%24.2%21.4%46.2%36.8%
5 Year95.0%95.0%22.6%18.4%65.6%47.5%

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

Valuation

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

18.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate AMRC's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate AMRC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AMRC is poor value based on its PE Ratio (18.7x) compared to the Construction industry average (17.2x).

PE vs Market: AMRC is poor value based on its PE Ratio (18.7x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: AMRC is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: AMRC is overvalued based on its PB Ratio (1.7x) compared to the US Construction industry average (1.7x).


Next Steps

Future Growth

How is Ameresco forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMRC's forecast earnings growth (14% per year) is above the savings rate (2.7%).

Earnings vs Market: AMRC's earnings (14% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: AMRC's revenue (7.8% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: AMRC's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

44.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AMRC's earnings have grown significantly by 44.1% per year over the past 5 years.

Accelerating Growth: AMRC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AMRC had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Construction industry average (2.6%).


Return on Equity

High ROE: AMRC's Return on Equity (7.8%) is considered low.


Return on Assets

ROA vs Industry: AMRC's Return on Assets is below or equal to the Construction industry average last year.


Return on Capital Employed

ROCE Improving: AMRC has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Ameresco's financial position?


Financial Position Analysis

Short Term Liabilities: AMRC's short term assets ($348.7M) exceeds its short term liabilities ($231.1M)

Long Term Liabilities: AMRC's short term assets (348.7M) do not cover its long term liabilities (456.4M)


Debt to Equity History and Analysis

Debt Level: AMRC's debt to equity ratio (99%) is considered high

Reducing Debt: AMRC's debt to equity ratio has increased from 57.2% to 99% 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 (3.9x coverage).


Balance Sheet

Inventory Level: AMRC has a high level of physical assets or inventory.

Debt Coverage by Assets: AMRC's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Ameresco's salary, the management and board of directors tenure and is there insider trading?

9.4yrs

Average management tenure


CEO

George Sakellaris (72yo)

19.8yrs

Tenure

US$1,168,353

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 ($USD1.17M) is below average for companies of similar size in the US market ($USD2.70M).

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


Management Age and Tenure

9.4yrs

Average Tenure

54yo

Average Age

Experienced Management: AMRC's management team is seasoned and experienced (9.4 years average tenure).


Board Age and Tenure

8.4yrs

Average Tenure

63yo

Average Age

Experienced Board: AMRC's board of directors are considered experienced (8.4 years average tenure).


Insider Trading

Insider Buying: AMRC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$13,89016 Aug 19
Thomas Murley
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$13.89
BuyUS$56,61214 Aug 19
Jennifer Miller
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,000
Max PriceUS$14.15
BuyUS$7,55010 May 19
Thomas Murley
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares500
Max PriceUS$15.10
BuyUS$60,75408 May 19
Nickolas Stavropoulos
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,000
Max PriceUS$15.19
BuyUS$29,20011 Dec 18
Thomas Murley
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$14.60
SellUS$30,80206 Dec 18
Francis Wisneski
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$15.40
BuyUS$31,00004 Dec 18
Jennifer Miller
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$15.50
SellUS$47,40304 Dec 18
Francis Wisneski
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$15.80
SellUS$46,28709 Nov 18
Francis Wisneski
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$15.43
SellUS$88,08005 Nov 18
Francis Wisneski
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,516
Max PriceUS$16.00

Ownership Breakdown


Management Team

  • George Sakellaris (72yo)

    Founder

    • Tenure: 19.8yrs
    • Compensation: US$1.17m
  • Joseph DeManche (62yo)

    Executive Vice President of Engineering & Operations

    • Tenure: 17.8yrs
    • Compensation: US$561.15k
  • David Corrsin (60yo)

    Executive VP

    • Tenure: 19.8yrs
  • Michael Bakas (50yo)

    Executive Vice President of Distributed Energy Systems

    • Tenure: 0yrs
    • Compensation: US$552.78k
  • David Anderson (58yo)

    Executive VP & Director

    • Tenure: 19.8yrs
    • Compensation: US$438.92k
  • Nicole Bulgarino (46yo)

    Executive VP & GM of Federal Solutions

    • Tenure: 0yrs
    • Compensation: US$592.83k
  • Spencer Hole (50yo)

    Senior VP & CFO

    • Tenure: 0.3yrs
  • Mark Chiplock (49yo)

    VP, Corporate Controller & Chief Accounting Officer

    • Tenure: 1yrs
    • Compensation: US$1.28m
  • Leila Dillon

    Vice President of Marketing & Communications

    • Tenure: 0.8yrs
  • Lauren Todd

    Vice President of Human Resources & Operations

    • Tenure: 0.8yrs

Board Members

  • Joseph Sutton (72yo)

    Lead Director

    • Tenure: 8.4yrs
    • Compensation: US$101.36k
  • George Sakellaris (72yo)

    Founder

    • Tenure: 19.8yrs
    • Compensation: US$1.17m
  • Nick Stavropoulos (61yo)

    Independent Director

    • Tenure: 0.5yrs
  • Tom Murley (62yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$88.86k
  • David Corrsin (60yo)

    Executive VP

    • Tenure: 19.8yrs
  • David Anderson (58yo)

    Executive VP & Director

    • Tenure: 19.8yrs
    • Compensation: US$438.92k
  • Jennifer Miller (63yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$97.36k
  • Frank Wisneski (72yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: US$106.86k
  • Doug Foy (72yo)

    Independent Director

    • Tenure: 9.4yrs
    • Compensation: US$98.86k

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$671.595m
  • Shares outstanding: 46.41m
  • Website: https://www.ameresco.com

Number of Employees


Location

  • Ameresco, Inc.
  • 111 Speen Street
  • Suite 410
  • Framingham
  • Massachusetts
  • 1701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMRCNYSE (New York Stock Exchange)YesClass A Common StockUSUSDJul 2010
4AMDB (Deutsche Boerse AG)YesClass A Common StockDEEURJul 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, ass ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:58
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.