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Hannon Armstrong Sustainable Infrastructure Capital

Market Cap

US$4.2b

Last Updated

2021/04/11 22:15 UTC

Data Sources

Company Financials +

Executive Summary

Hannon Armstrong Sustainable Infrastructure Capital, Inc. More Details


Snowflake Analysis

Acceptable track record with limited growth.


Similar Companies

Share Price & News

How has Hannon Armstrong Sustainable Infrastructure Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HASI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HASI's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-2.0%

HASI

-0.2%

US Mortgage REITs

2.1%

US Market


1 Year Return

118.0%

HASI

60.0%

US Mortgage REITs

56.3%

US Market

Return vs Industry: HASI exceeded the US Mortgage REITs industry which returned 60% over the past year.

Return vs Market: HASI exceeded the US Market which returned 56.3% over the past year.


Shareholder returns

HASIIndustryMarket
7 Day-2.0%-0.2%2.1%
30 Day-9.2%-0.9%2.4%
90 Day-22.9%12.0%6.8%
1 Year125.0%118.0%77.0%60.0%59.1%56.3%
3 Year224.1%180.5%14.0%-16.4%65.7%55.1%
5 Year263.4%179.0%57.2%-7.7%122.3%97.7%

Long-Term Price Volatility Vs. Market

How volatile is Hannon Armstrong Sustainable Infrastructure Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hannon Armstrong Sustainable Infrastructure Capital undervalued compared to its fair value and its price relative to the market?

47.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HASI ($53.65) is trading above our estimate of fair value ($19.26)

Significantly Below Fair Value: HASI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HASI is poor value based on its PE Ratio (47.6x) compared to the US Mortgage REITs industry average (18.4x).

PE vs Market: HASI is poor value based on its PE Ratio (47.6x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: HASI is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: HASI is overvalued based on its PB Ratio (3.4x) compared to the US Mortgage REITs industry average (1x).


Future Growth

How is Hannon Armstrong Sustainable Infrastructure Capital forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HASI's forecast earnings growth (11.8% per year) is above the savings rate (2%).

Earnings vs Market: HASI's earnings (11.8% per year) are forecast to grow slower than the US market (18.6% per year).

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

Revenue vs Market: HASI's revenue (15.1% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: HASI's revenue (15.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HASI's Return on Equity is forecast to be low in 3 years time (10.8%).


Past Performance

How has Hannon Armstrong Sustainable Infrastructure Capital performed over the past 5 years?

45.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HASI has high quality earnings.

Growing Profit Margin: HASI's current net profit margins (96.3%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: HASI's earnings have grown significantly by 45% per year over the past 5 years.

Accelerating Growth: HASI's earnings growth over the past year (1.5%) is below its 5-year average (45% per year).

Earnings vs Industry: HASI earnings growth over the past year (1.5%) exceeded the Mortgage REITs industry -35.3%.


Return on Equity

High ROE: HASI's Return on Equity (6.8%) is considered low.


Financial Health

How is Hannon Armstrong Sustainable Infrastructure Capital's financial position?


Financial Position Analysis

Short Term Liabilities: HASI's short term assets ($1.5B) exceed its short term liabilities ($48.9M).

Long Term Liabilities: HASI's short term assets ($1.5B) do not cover its long term liabilities ($2.2B).


Debt to Equity History and Analysis

Debt Level: HASI's debt to equity ratio (180.9%) is considered high.

Reducing Debt: HASI's debt to equity ratio has reduced from 211.4% to 180.9% over the past 5 years.

Debt Coverage: HASI's debt is not well covered by operating cash flow (3.3%).

Interest Coverage: Insufficient data to determine if HASI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Hannon Armstrong Sustainable Infrastructure Capital current dividend yield, its reliability and sustainability?

2.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HASI's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.26%).

High Dividend: HASI's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (3.5%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HASI has been paying a dividend for less than 10 years.

Growing Dividend: HASI's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (120.8%), HASI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HASI's dividends in 3 years are forecast to be covered by earnings (78.2% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Jeff Eckel (61 yo)

8.25yrs

Tenure

US$5,247,500

Compensation

Mr. Jeffrey Walter Eckel, also known as Jeff, serves as Chairman of Board of Directors of Hannon Armstrong Sustainable Infrastructure Capital, Inc. since 2013. He serves as Chief Executive Officer and Pres...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD5.25M) is about average for companies of similar size in the US market ($USD5.07M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HASI's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: HASI's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HASI 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 18.5%.


Top Shareholders

Company Information

Hannon Armstrong Sustainable Infrastructure Capital, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
  • Ticker: HASI
  • Exchange: NYSE
  • Founded: 1981
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$4.186b
  • Market Cap: US$4.171b
  • Shares outstanding: 78.02m
  • Website: https://www.hannonarmstrong.com

Number of Employees


Location

  • Hannon Armstrong Sustainable Infrastructure Capital, Inc.
  • 1906 Towne Centre Boulevard
  • Suite 370
  • Annapolis
  • Maryland
  • 21401
  • United States

Listings


Biography

Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 22:15
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.