NasdaqGS:AY

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Atlantica Sustainable Infrastructure

Executive Summary

Atlantica Sustainable Infrastructure plc acquires, owns, and manages renewable energy, natural gas, transmission and transportation infrastructures, and water assets in the United States, Canada, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. More Details


Snowflake Analysis

Fair value with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: AY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: AY's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

2.6%

AY

-7.8%

US Renewable Energy

-0.7%

US Market


1 Year Return

27.8%

AY

31.7%

US Renewable Energy

36.6%

US Market

Return vs Industry: AY underperformed the US Renewable Energy industry which returned 31.7% over the past year.

Return vs Market: AY underperformed the US Market which returned 36.6% over the past year.


Shareholder returns

AYIndustryMarket
7 Day2.6%-7.8%-0.7%
30 Day-11.0%-5.6%4.3%
90 Day6.1%10.5%8.1%
1 Year35.3%27.8%35.8%31.7%39.6%36.6%
3 Year119.7%80.8%72.6%58.7%53.5%43.7%
5 Year204.6%130.4%188.9%139.9%123.7%98.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Atlantica Sustainable Infrastructure undervalued compared to its fair value and its price relative to the market?

26.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AY ($36.82) is trading below our estimate of fair value ($50.06)

Significantly Below Fair Value: AY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AY's PE Ratio (59.8x) is in line with the US Renewable Energy industry average.

PE vs Market: AY is poor value based on its PE Ratio (59.8x) compared to the US market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: AY is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: AY is good value based on its PB Ratio (2.6x) compared to the US Renewable Energy industry average (2.8x).


Next Steps

Future Growth

How is Atlantica Sustainable Infrastructure forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AY's forecast earnings growth (19.6% per year) is above the savings rate (2%).

Earnings vs Market: AY's earnings (19.6% per year) are forecast to grow slower than the US market (19.8% per year).

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

Revenue vs Market: AY's revenue (10.3% per year) is forecast to grow faster than the US market (10.3% per year).

High Growth Revenue: AY's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AY's Return on Equity is forecast to be low in 3 years time (14.8%).


Next Steps

Past Performance

How has Atlantica Sustainable Infrastructure performed over the past 5 years?

55.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AY has a large one-off gain of $52.4M impacting its September 30 2020 financial results.

Growing Profit Margin: AY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AY has become profitable over the past 5 years, growing earnings by 55.8% per year.

Accelerating Growth: AY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-62.3%).


Return on Equity

High ROE: AY's Return on Equity (3.9%) is considered low.


Next Steps

Financial Health

How is Atlantica Sustainable Infrastructure's financial position?


Financial Position Analysis

Short Term Liabilities: AY's short term assets ($1.4B) exceed its short term liabilities ($784.5M).

Long Term Liabilities: AY's short term assets ($1.4B) do not cover its long term liabilities ($7.4B).


Debt to Equity History and Analysis

Debt Level: AY's debt to equity ratio (400.1%) is considered high.

Reducing Debt: AY's debt to equity ratio has increased from 320.4% to 400.1% over the past 5 years.

Debt Coverage: AY's debt is not well covered by operating cash flow (5.3%).

Interest Coverage: AY's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Atlantica Sustainable Infrastructure current dividend yield, its reliability and sustainability?

4.56%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AY's dividend (4.56%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: AY's dividend (4.56%) is in the top 25% of dividend payers in the US market (3.72%)


Stability and Growth of Payments

Stable Dividend: AY has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AY's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (269.8%), AY's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AY's dividends in 3 years are not forecast to be well covered by earnings (186.6% payout ratio).


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Santiago Seage Medela (51 yo)

4.83yrs

Tenure

US$2,524,100

Compensation

Mr. Santiago Seage Medela serves as the Chairman and Chief Executive Officer of Abengoa Solar Australia Pty Limited and Abengoa Solar, S.A. Mr. Medela has been the Chief Executive Officer of Atlantica Sust...


CEO Compensation Analysis

Compensation vs Market: Santiago's total compensation ($USD2.52M) is below average for companies of similar size in the US market ($USD4.96M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Santiago Seage Medela
CEO & Executive Director4.83yrsUS$2.52m0.018%
$ 736.5k
Francisco Martinez-Davis
Chief Financial Officer5.17yrsUS$101.97kno data
Leire Pérez
Director6.67yrsno datano data
Irene Hernandez
Chief of Complianceno datano datano data
Stevens Moore
Vice President of Strategy & Corporate Developmentno datano datano data
Marta Jorge
Director of Strategic Projectsno datano datano data

5.2yrs

Average Tenure

49yo

Average Age

Experienced Management: AY's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Santiago Seage Medela
CEO & Executive Director4.83yrsUS$2.52m0.018%
$ 736.5k
Michael Forsayeth
Independent Director0.83yrUS$100.00kno data
Arun Banskota
Director0.92yrno datano data
William Aziz
Independent Director0.83yrUS$106.70kno data
Michael Woollcombe
Interim Independent Chairman of the Board1.17yrsUS$150.00kno data
Brenda Eprile
Independent Director0.83yrUS$110.00kno data
George Trisic
Director0.42yrno datano data
Debora Del Favero
Independent Director0.83yrUS$106.70kno data

0.8yrs

Average Tenure

60yo

Average Age

Experienced Board: AY's board of directors are not considered experienced ( 0.8 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: 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 8.9%.


Top Shareholders

Company Information

Atlantica Sustainable Infrastructure plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlantica Sustainable Infrastructure plc
  • Ticker: AY
  • Exchange: NasdaqGS
  • Founded: 2013
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: US$4.076b
  • Shares outstanding: 110.69m
  • Website: https://www.atlantica.com

Number of Employees


Location

  • Atlantica Sustainable Infrastructure plc
  • Great West House
  • GW1, 17th Floor
  • Brentford
  • Greater London
  • TW8 9DF
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AYNasdaqGS (Nasdaq Global Select)YesOrdinary SharesUSUSDJun 2014
AY3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2014
AY NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 2014

Biography

Atlantica Sustainable Infrastructure plc acquires, owns, and manages renewable energy, natural gas, transmission and transportation infrastructures, and water assets in the United States, Canada, Mexico, P...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 01:11
End of Day Share Price2021/03/02 00:00
Earnings2020/09/30
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.