NYSE:AMRC

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Questionable track record with concerning outlook.


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

4.9%

AMRC

1.4%

US Construction

-0.4%

US Market


1 Year Return

187.4%

AMRC

7.7%

US Construction

18.3%

US Market

Return vs Industry: AMRC exceeded the US Construction industry which returned 7.7% over the past year.

Return vs Market: AMRC exceeded the US Market which returned 18.3% over the past year.


Shareholder returns

AMRCIndustryMarket
7 Day4.9%1.4%-0.4%
30 Day40.2%15.5%6.6%
90 Day52.2%24.2%8.6%
1 Year187.4%187.4%8.3%7.7%21.0%18.3%
3 Year434.3%434.3%9.7%7.4%42.1%32.7%
5 Year559.6%559.6%59.4%53.5%85.6%64.7%

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?

48.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

Significantly Below Fair Value: 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 (48.4x) compared to the US Construction industry average (20.6x).

PE vs Market: AMRC is poor value based on its PE Ratio (48.4x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: AMRC is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: AMRC is overvalued based on its PB Ratio (4.6x) compared to the US Construction industry average (2x).


Next Steps

Future Growth

How is Ameresco forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

17.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMRC's forecast earnings growth (17.5% per year) is above the savings rate (2.2%).

Earnings vs Market: AMRC's earnings (17.5% per year) are forecast to grow slower than the US market (22.1% per year).

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

Revenue vs Market: AMRC's revenue (9.1% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: AMRC's revenue (9.1% per year) is forecast to grow slower than 20% 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 (9.5%).


Next Steps

Past Performance

How has Ameresco performed over the past 5 years?

35.0%

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 (4.4%) are lower than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: AMRC's earnings have grown significantly by 35% per year over the past 5 years.

Accelerating Growth: AMRC's earnings growth over the past year (16.8%) is below its 5-year average (35% per year).

Earnings vs Industry: AMRC earnings growth over the past year (16.8%) exceeded the Construction industry 14.1%.


Return on Equity

High ROE: AMRC's Return on Equity (9.3%) is considered low.


Next Steps

Financial Health

How is Ameresco's financial position?


Financial Position Analysis

Short Term Liabilities: AMRC's short term assets ($422.4M) exceed its short term liabilities ($273.0M).

Long Term Liabilities: AMRC's short term assets ($422.4M) do not cover its long term liabilities ($710.6M).


Debt to Equity History and Analysis

Debt Level: AMRC's debt to equity ratio (136.6%) is considered high.

Reducing Debt: AMRC's debt to equity ratio has increased from 67.4% to 136.6% 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 not well covered by EBIT (2.9x 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?

1.9yrs

Average management tenure


CEO

George Sakellaris (73 yo)

20.75yrs

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 ($USD3.90M) is about average for companies of similar size in the US market ($USD4.43M).

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


Leadership Team

NamePositionTenureCompensationOwnership
George Sakellaris
Founder20.75yrsUS$3.90m44.76%
$ 913.1m
Spencer Hole
Senior VP & CFO1.25yrsUS$1.06mno data
Mark Chiplock
VP of Finance & Chief Accounting Officer2yrsUS$735.98k0%
$ 0
David Corrsin
Executive VP20.75yrsUS$677.52k1.02%
$ 20.9m
Michael Bakas
Executive Vice President of Distributed Energy Systemsno dataUS$710.88k0%
$ 0
Nicole Bulgarino
Executive VP & GM of Federal Solutionsno dataUS$771.38k0.00072%
$ 14.7k
Leila Dillon
Vice President of Marketing & Communications1.75yrsno datano data
Lauren Todd
Vice President of Human Resources & Operations1.75yrsno datano data
David Anderson
Executive VP & Director20.75yrsUS$438.92k0.15%
$ 3.0m
Louis Maltezos
Executive Vice President11.5yrsUS$413.78kno data
William Cunningham
Senior Vice President of Corporate Government Relations1yrUS$336.01kno data
Jonathan Mancini
Senior Vice President of Solar Project Development of Eastern Region0.33yrno datano data

1.9yrs

Average Tenure

53yo

Average Age

Experienced Management: AMRC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
George Sakellaris
Founder20.75yrsUS$3.90m44.76%
$ 913.1m
David Corrsin
Executive VP20.75yrsUS$677.52k1.02%
$ 20.9m
David Anderson
Executive VP & Director20.75yrsUS$438.92k0.15%
$ 3.0m
Joseph Sutton
Independent Lead Director9.42yrsUS$296.18k0.10%
$ 2.1m
Nickolas Stavropoulos
Independent Director1.5yrsUS$512.72k0.0084%
$ 170.9k
Thomas Murley
Independent Director4yrsUS$286.68k0.022%
$ 448.8k
Jennifer Miller
Independent Director5.75yrsUS$291.18k0.025%
$ 512.8k
Francis Wisneski
Independent Director9.42yrsUS$300.68k0.16%
$ 3.2m
Douglas Foy
Independent Director10.42yrsUS$295.68k0.029%
$ 598.3k

9.4yrs

Average Tenure

64yo

Average Age

Experienced Board: AMRC's board of directors are considered experienced (9.4 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 been diluted in the past year, with total shares outstanding growing by 2.8%.


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$2.040b
  • Shares outstanding: 47.73m
  • 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 Analysis2020/10/24 23:58
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.