(HASI) Hannon Armstrong - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 5.190m USD | Total Return: 69.8% in 12m
Avg Turnover: 41.3M
EPS Trend: 92.7%
Qual. Beats: 1
Rev. Trend: 81.9%
Qual. Beats: 0
Warnings
P/E ratio 101.5
Below Avwap Earnings
Tailwinds
No distinct edge detected
HA Sustainable Infrastructure Capital (HASI) is a specialized investment firm focused on climate solutions within the United States. The company provides capital through equity, debt, and receivables to three primary segments: Behind-the-Meter energy efficiency, Grid-Connected renewable energy (solar and wind), and Fuels, Transport, and Nature projects. Operating as a Real Estate Investment Trust (REIT), the company facilitates the transition to lower-carbon infrastructure by financing assets that reduce energy consumption or sequester carbon.
The business model relies on long-term, predictable cash flows generated from a diverse portfolio of sustainable assets, often involving high-credit-quality obligors. Unlike traditional energy companies, HASI functions as a capital provider rather than an owner-operator of utility-scale plants. For deeper insights into these financial structures, review the latest performance metrics on ValueRay. The sustainable infrastructure sector has seen increased growth due to federal tax incentives and corporate decarbonization mandates.
- Spread between asset yields and borrowing costs dictates net interest margin
- Federal interest rate pivots impact valuation and cost of capital for projects
- Expansion of behind-the-meter and grid-connected renewable energy project pipelines
- Regulatory shifts in federal tax credits influence sustainable infrastructure investment volume
- Credit quality of municipal and corporate counterparties affects long-term portfolio performance
| Net Income: 56.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -255.5 > 1.0 |
| NWC/Revenue: 529.1% < 20% (prev 493.3%; Δ 35.87% < -1%) |
| CFO/TA 0.03 > 3% & CFO 245.3m > Net Income 56.0m |
| Net Debt (5.20b) to EBITDA (413.7m): 12.56 < 3 |
| Current Ratio: 470.6 > 1.5 & < 3 |
| Outstanding Shares: last quarter (127.6m) vs 12m ago -7.52% < -2% |
| Gross Margin: 73.65% > 18% (prev 0.65%; Δ 7.30k% > 0.5%) |
| Asset Turnover: 9.06% > 50% (prev 7.70%; Δ 1.36% > 0%) |
| Interest Coverage Ratio: 1.34 > 6 (EBITDA TTM 413.7m / Interest Expense TTM 308.8m) |
| A: 0.46 (Total Current Assets 3.77b - Total Current Liabilities 8.00m) / Total Assets 8.20b |
| B: -0.05 (Retained Earnings -449.9m / Total Assets 8.20b) |
| C: 0.05 (EBIT TTM 412.9m / Avg Total Assets 7.84b) |
| D: -0.07 (Book Value of Equity -409.9m / Total Liabilities 5.67b) |
| Altman-Z'' = 3.10 = A |
As of May 31, 2026, the stock is trading at USD 41.00 with a total of 737,955 shares traded.
Over the past week, the price has changed by +0.84%,
over one month by +1.38%,
over three months by +13.55% and
over the past year by +69.84%.
Hannon Armstrong has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy HASI.
- StrongBuy: 10
- Buy: 4
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48.7 | 18.9% |
P/E Trailing = 101.525
P/E Forward = 13.4953
P/S = 59.037
P/B = 2.1245
P/EG = 1.4202
Revenue TTM = 710.0m USD
EBIT TTM = 412.9m USD
EBITDA TTM = 413.7m USD
Long Term Debt = 5.34b USD (estimated: total debt 5.35b - short term 8.00m)
Short Term Debt = 8.00m USD (from shortTermDebt, last quarter)
Debt = 5.35b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.20b USD (calculated: Debt 5.35b - CCE 151.5m)
Enterprise Value = 10.4b USD (5.19b + Debt 5.35b - CCE 151.5m)
Interest Coverage Ratio = 1.34 (Ebit TTM 412.9m / Interest Expense TTM 308.8m)
EV/FCF = 301.7x (Enterprise Value 10.4b / FCF TTM 34.4m)
FCF Yield = 0.33% (FCF TTM 34.4m / Enterprise Value 10.4b)
FCF Margin = 4.85% (FCF TTM 34.4m / Revenue TTM 710.0m)
Net Margin = 7.88% (Net Income TTM 56.0m / Revenue TTM 710.0m)
Gross Margin = 73.65% ((Revenue TTM 710.0m - Cost of Revenue TTM 187.1m) / Revenue TTM)
Gross Margin QoQ = 71.42% (prev none%)
Tobins Q-Ratio = 1.27 (Enterprise Value 10.4b / Total Assets 8.20b)
Interest Expense / Debt = 5.78% (Interest Expense 308.8m / Debt 5.35b)
Taxrate = 31.17% (85.2m / 273.5m)
NOPAT = 284.2m (EBIT 412.9m * (1 - 31.17%))
Current Ratio = 11.17 (Total Current Assets 3.77b / Total Current Liabilities 337.1m)
Debt / Equity = 2.19 (Debt 5.35b / totalStockholderEquity, last quarter 2.44b)
Debt / EBITDA = 12.56 (Net Debt 5.20b / EBITDA 413.7m)
Debt / FCF = 150.9 (Net Debt 5.20b / FCF TTM 34.4m)
Total Stockholder Equity = 2.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.71% (Net Income 56.0m / Total Assets 8.20b)
RoE = 1.88% (Net Income TTM 56.0m / Total Stockholder Equity 2.98b)
RoCE = 4.96% (EBIT 412.9m / Capital Employed (Equity 2.98b + L.T.Debt 5.34b))
RoIC = 3.53% (NOPAT 284.2m / Invested Capital 8.05b)
WACC = 6.58% (E(5.19b)/V(10.5b) * Re(9.26%) + D(5.35b)/V(10.5b) * Rd(5.78%) * (1-Tc(0.31)))
Discount Rate = 9.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 43.19 | Cagr: 7.40%
[DCF] Terminal Value 73.10% ; FCFF base≈7.67b ; Y1≈6.73b ; Y5≈5.44b
[DCF] Fair Price = 642.2 (EV 87.3b - Net Debt 5.20b = Equity 82.1b / Shares 127.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 92.71 | EPS CAGR: 10.51% | SUE: 1.56 | # QB: 1
Revenue Correlation: 81.92 | Revenue CAGR: 36.68% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.74 | Chg30d=-1.74% | Revisions=-33% | Analysts=15
EPS next Quarter (2026-09-30): EPS=0.74 | Chg30d=-1.54% | Revisions=-38% | Analysts=15
EPS current Year (2026-12-31): EPS=3.00 | Chg30d=+1.98% | Revisions=+71% | GrowthEPS=+11.1% | GrowthRev=+44.3%
EPS next Year (2027-12-31): EPS=3.33 | Chg30d=+2.59% | Revisions=+54% | GrowthEPS=+11.1% | GrowthRev=+72.1%
[Analyst] Revisions Ratio: +71%