ARRY
Array Technologies, Inc. [ARRY] Stock Forecast
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Array Technologies, Inc. (ARRY) Q3 2023 Earnings Call Transcript
Array Technologies, Inc. (NASDAQ:ARRY ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Cody Mueller - IR Kevin Hostetler - CEO Nipul Patel - CFO Conference Call Participants Mark Strouse - JPMorgan Julien Dumoulin-Smith - Bank of America Donovan Schafer - Northland Capital Market Tristan Richardson - Scotiabank Jordan Levy - Trust Securities Brian Lee - Goldman Sachs Colin Rusch - Oppenheimer Joe Osha - Guggenheim Partners Jon Windham - UBS Tom Curran - Seaport Global Securities Philip Shen - ROTH MKM Sean Milligan - Janney Operator Greetings and welcome to Array Technologies' Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.
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ARRY Financial details
ARRY Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 2.44 | 5.38 | 7.18 | 6.58 | 10.93 | |
| Net income per share | -0.51 | 0.33 | 0.49 | -0.39 | 0.03 | |
| Operating cash flow per share | -0.1 | 3.21 | -1.01 | -2.03 | 0.94 | |
| Free cash flow per share | -0.12 | 3.19 | -1.02 | -2.06 | 0.87 | |
| Cash per share | 0.34 | 2.58 | 0.89 | 2.84 | 0.89 | |
| Book value per share | 2.22 | 2.53 | -0.67 | 1.3 | 2.83 | |
| Tangible book value per share | -0.45 | 0.1 | -2.87 | -0.59 | -2.53 | |
| Share holders equity per share | 2.22 | 2.53 | -0.67 | 1.3 | 2.83 | |
| Interest debt per share | 1.46 | 0.97 | 3.65 | 5.84 | 5.29 | |
| Market cap | 4.34B | 4.39B | 5.24B | 2.03B | 2.9B | |
| Enterprise value | 4.46B | 4.18B | 5.56B | 2.39B | 3.52B | |
| P/E ratio | -71.47 | 110.45 | 88.71 | -40.36 | 653.43 | |
| Price to sales ratio | 14.93 | 6.78 | 6 | 2.38 | 1.77 | |
| POCF ratio | -370.33 | 11.37 | -42.88 | -7.73 | 20.47 | |
| PFCF ratio | -314.7 | 11.42 | -42.42 | -7.63 | 22.13 | |
| P/B Ratio | 16.42 | 14.39 | -64.77 | 12.09 | 6.83 | |
| PTB ratio | 16.42 | 14.39 | -64.77 | 12.09 | 6.83 | |
| EV to sales | 15.33 | 6.45 | 6.37 | 2.8 | 2.15 | |
| Enterprise value over EBITDA | -130.98 | 37.74 | 37.87 | 796.96 | 43.36 | |
| EV to operating cash flow | -380.07 | 10.82 | -45.5 | -9.07 | 24.89 | |
| EV to free cash flow | -322.97 | 10.87 | -45 | -8.96 | 26.9 | |
| Earnings yield | -0.01 | 0.01 | 0.01 | -0.02 | 0 | |
| Free cash flow yield | 0 | 0.09 | -0.02 | -0.13 | 0.05 | |
| Debt to equity | 0.59 | 0.32 | -5.29 | 4.29 | 1.79 | |
| Debt to assets | 0.3 | 0.11 | 0.65 | 0.63 | 0.44 | |
| Net debt to EBITDA | -3.36 | -1.92 | 2.18 | 118.02 | 7.7 | |
| Current ratio | 1.29 | 1.05 | 1.3 | 3.47 | 1.79 | |
| Interest coverage | -3.21 | 4.44 | 6.29 | -0.65 | -0.59 | |
| Income quality | 0.19 | 9.71 | -2.07 | 5.22 | 31.93 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0.01 | |
| Payout ratio | 0 | 0 | 0 | -0.16 | 4.21 | |
| Sales general and administrative to revenue | 0.16 | 0.06 | 0.06 | 0.09 | 0.09 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.62 | 0.32 | 0.41 | 0.21 | 0.47 | |
| Capex to operating cash flow | 0.18 | 0 | 0.01 | 0.01 | -0.08 | |
| Capex to revenue | -0.01 | 0 | 0 | 0 | -0.01 | |
| Capex to depreciation | -0.07 | -0.06 | -0.05 | -0.13 | -0.11 | |
| Stock based compensation to revenue | 0.02 | 0 | 0.01 | 0.02 | 0.01 | |
| Graham number | 5.05 | 4.34 | 2.7 | 3.37 | 1.37 | |
| ROIC | -0.11 | 0.13 | 0.21 | -0.02 | 0.01 | |
| Return on tangible assets | -0.32 | 0.06 | 0.15 | -0.06 | 0 | |
| Graham Net | -1.09 | -1.34 | -3.85 | -2.47 | -4.76 | |
| Working capital | 39.31M | 29.06M | 86.07M | 606.73M | 365.95M | |
| Tangible asset value | -54.01M | 11.91M | -348.89M | -76.22M | -378.7M | |
| Net current asset value | -71.51M | 1.25M | -361.75M | -122.69M | -450.99M | |
| Invested capital | 0.59 | 0.32 | -5.29 | 4.29 | 1.79 | |
| Average receivables | 46.7M | 79.5M | 116.37M | 190.46M | 334.89M | |
| Average payables | 19.33M | 82.77M | 110.25M | 88.49M | 131.22M | |
| Average inventory | 27.59M | 101.6M | 133.24M | 162.06M | 219.41M | |
| Days sales outstanding | 77.98 | 54.58 | 56.82 | 104.82 | 94.67 | |
| Days payables outstanding | 39.25 | 99.49 | 46.31 | 43.59 | 44.11 | |
| Days of inventory on hand | 72.12 | 108.68 | 64.55 | 97.43 | 60.35 | |
| Receivables turnover | 4.68 | 6.69 | 6.42 | 3.48 | 3.86 | |
| Payables turnover | 9.3 | 3.67 | 7.88 | 8.37 | 8.27 | |
| Inventory turnover | 5.06 | 3.36 | 5.65 | 3.75 | 6.05 | |
| ROE | -0.23 | 0.13 | -0.73 | -0.3 | 0.01 | |
| Capex per share | -0.02 | -0.01 | -0.01 | -0.03 | -0.07 |
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q2
| Metric | History | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 2.83 | 3.43 | 2.67 | 2.48 | 3.32 | |
| Net income per share | -0.02 | 0.27 | -0.03 | 0.17 | 0.42 | |
| Operating cash flow per share | -0.07 | 0.7 | 0.6 | 0.3 | 0.13 | |
| Free cash flow per share | -0.08 | 0.68 | 0.57 | 0.28 | 0.1 | |
| Cash per share | 0.34 | 0.42 | 0.89 | 0.97 | 1.02 | |
| Book value per share | 2.4 | 2.32 | 2.82 | 3.43 | 4 | |
| Tangible book value per share | -2.93 | -2.62 | -2.52 | -1.9 | -1.34 | |
| Share holders equity per share | 2.4 | 2.32 | 2.82 | 3.43 | 4 | |
| Interest debt per share | 5.68 | 5.2 | 5.11 | 4.94 | 4.9 | |
| Market cap | 1.65B | 2.49B | 2.91B | 3.32B | 3.46B | |
| Enterprise value | 2.45B | 3.2B | 3.53B | 3.91B | 4.04B | |
| P/E ratio | -148.88 | 15.26 | -138.47 | 31.74 | 13.34 | |
| Price to sales ratio | 3.89 | 4.84 | 7.23 | 8.81 | 6.81 | |
| POCF ratio | -155.03 | 23.78 | 32.43 | 72.42 | 168.36 | |
| PFCF ratio | -135.5 | 24.44 | 33.92 | 79.13 | 230.55 | |
| P/B Ratio | 4.59 | 7.13 | 6.86 | 6.39 | 5.65 | |
| PTB ratio | 4.59 | 7.13 | 6.86 | 6.39 | 5.65 | |
| EV to sales | 5.76 | 6.22 | 8.79 | 10.38 | 7.96 | |
| Enterprise value over EBITDA | 156.28 | 77.77 | 75.6 | 61.56 | 36.67 | |
| EV to operating cash flow | -229.47 | 30.56 | 39.41 | 85.35 | 196.79 | |
| EV to free cash flow | -200.55 | 31.4 | 41.21 | 93.25 | 269.49 | |
| Earnings yield | 0 | 0.02 | 0 | 0.01 | 0.02 | |
| Free cash flow yield | -0.01 | 0.04 | 0.03 | 0.01 | 0 | |
| Debt to equity | 2.35 | 2.21 | 1.79 | 1.43 | 1.21 | |
| Debt to assets | 0.48 | 0.46 | 0.44 | 0.41 | 0.4 | |
| Net debt to EBITDA | 50.69 | 17.24 | 13.37 | 9.33 | 5.3 | |
| Current ratio | 1.76 | 1.7 | 1.79 | 1.84 | 2.09 | |
| Interest coverage | -1.11 | 2.12 | 1.67 | 5 | 9.52 | |
| Income quality | 3.84 | 2.57 | -17.08 | 1.75 | 0.32 | |
| Dividend Yield | 0 | 0.01 | 0.01 | 0 | 0 | |
| Payout ratio | 0 | 0.46 | -3.56 | 0 | 0 | |
| Sales general and administrative to revenue | 0.07 | 0.08 | 0.09 | 0.1 | 0.08 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.45 | 0.44 | 0.47 | 0.45 | 0.44 | |
| Capex to operating cash flow | 0.14 | -0.03 | -0.04 | -0.08 | -0.27 | |
| Capex to revenue | 0 | -0.01 | -0.01 | -0.01 | -0.01 | |
| Capex to depreciation | -0.06 | -0.12 | -0.15 | -0.27 | -0.42 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Graham number | 1 | 3.77 | 1.49 | 3.64 | 6.18 | |
| ROIC | 0 | 0.01 | -0.01 | 0.03 | 0.05 | |
| Return on tangible assets | 0 | 0.04 | -0.01 | 0.03 | 0.06 | |
| Graham Net | -5.62 | -5.06 | -4.74 | -4.53 | -3.95 | |
| Working capital | 392.65M | 358.68M | 365.95M | 396.05M | 473.29M | |
| Tangible asset value | -440.29M | -394.34M | -378.7M | -288.16M | -204.49M | |
| Net current asset value | -507.19M | -460.65M | -450.99M | -408.15M | -332.25M | |
| Invested capital | 2.35 | 2.21 | 1.79 | 1.43 | 1.21 | |
| Average receivables | 448.06M | 486.03M | 461.33M | 421.3M | 460.28M | |
| Average payables | 210.11M | 216.06M | 185.13M | 185.51M | 194.61M | |
| Average inventory | 314.48M | 299.86M | 251.47M | 243.89M | 230.74M | |
| Days sales outstanding | 100.42 | 87.01 | 95.07 | 99.82 | 89.1 | |
| Days payables outstanding | 55.37 | 41.36 | 47.7 | 65.5 | 47.46 | |
| Days of inventory on hand | 78.65 | 55.84 | 65.26 | 83.15 | 52.05 | |
| Receivables turnover | 0.9 | 1.03 | 0.95 | 0.9 | 1.01 | |
| Payables turnover | 1.63 | 2.18 | 1.89 | 1.37 | 1.9 | |
| Inventory turnover | 1.14 | 1.61 | 1.38 | 1.08 | 1.73 | |
| ROE | -0.01 | 0.12 | -0.01 | 0.05 | 0.11 | |
| Capex per share | -0.01 | -0.02 | -0.03 | -0.03 | -0.04 |
ARRY Frequently Asked Questions
What is Array Technologies, Inc. stock symbol ?
Array Technologies, Inc. is a US stock , located in Albuquerque of Nm and trading under the symbol ARRY
Is Array Technologies, Inc. buy or a sell ?
7 stock analysts have 7 predictions with a medium analyst target price of $22.29. The lowest prediction is $14 and the highest is $30
What is ARRY stock prediction ?
What is Array Technologies, Inc. stock quote today ?
Array Technologies, Inc. stock price is $15.81 today.
Is Array Technologies, Inc. stock public?
Yes, Array Technologies, Inc. is a publicly traded company.
Company Profile
- Volume Average 5.33M
- Market Capitalization 2.39B
- Employee 1.06K
- CEO Mr. Kevin G. Hostetler
- Headquarters Albuquerque,NM,US
- IPO Date 2020-10-15
-
Website
https://arraytechinc.com 
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally. Its products include DuraTrack HZ v3, a single-axis solar tracking system; and SmarTrack, a machine learning software that is used to identify the optimal position for a solar array in real time to increase energy production. The company was founded in 1989 and is headquartered in Albuquerque, New Mexico.
