A Business at a Glance
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HA Sustainable Infrastructure Capital, Inc.
HASI
$5.0B
Mkt Cap
$38.37
+0.05%
HA Sustainable Infrastructure Capital, Inc. (HASI) has a current P/E ratio of 27.2, compared to its historical median P/E of 25.6. The stock is currently considered Fair based on its historical valuation range.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a 5-year average return on invested capital (ROIC) of 6.2%. This is below average and may indicate limited pricing power.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a market capitalization of $5.0B. It is classified as a mid-cap stock.
Yes, HA Sustainable Infrastructure Capital, Inc. (HASI) pays a dividend with a trailing twelve-month yield of 4.22%.
Based on historical P/E analysis, HA Sustainable Infrastructure Capital, Inc. (HASI) appears fair. The current P/E of 27.2 is 6% above its historical median of 25.6. The estimated fair value CAGR (P/E method) is 2.2%.
HA Sustainable Infrastructure Capital, Inc. (HASI) operates in the Investors, Nec industry, within the Financials sector.
COMPANY OVERVIEW HASI is an investor in sustainable infrastructure assets advancing the energy transition. Our investment strategy is focused on actively partnering with clients to deploy capital primarily in income-generating real assets that are supported by long-term recurring cash flows. This strategy has enabled us to generate attractive risk-adjusted returns and provide stockholders with diversified exposure to the energy transition. We are internally managed by an executive team that has extensive relevant industry knowledge and experience, and oversees a team of over 170 full-time investment, operating, and technical professionals. We have long-standing, programmatic relationships with some of the leading U.S. clean energy project developers, owners and operators, utilities, and energy service companies, which provide recurring, investment and fee-generating opportunities, while also enabling scale benefits and operational and transactional efficiencies.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 401M | 401M | 384M | 320M | 240M | 213M |
| Net Income | 183M | 183M | 199M | 148M | 41M | 126M |
| EPS | $1.41 | $1.41 | $1.62 | $1.42 | $0.47 | $1.51 |
| Free Cash Flow | 167M | 167M | 5.9M | 100M | -4.3M | 13M |
| ROIC | 5.7% | 6.6% | 8.7% | 7.0% | 2.0% | 6.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.27 | 0.27 | 1.31 | 1.08 | 0.26 | 0.31 |
| Dividends/Share | $1.62 | $1.62 | $1.57 | $1.53 | $1.52 | $1.36 |
| Operating Income | 273M | 273M | 274M | 182M | 49M | 145M |
| Operating Margin | 68.3% | 68.3% | 71.4% | 57.0% | 20.6% | 67.8% |
| ROE | 6.9% | 7.2% | 8.7% | 7.8% | 2.5% | 9.1% |
| Shares Outstanding | 130M | 130M | 123M | 104M | 87M | 83M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 45M | 59M | 81M | 106M | 139M | 142M | 187M | 213M | 240M | 320M | 384M | 401M | 401M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 5.9M | 7.3M | 8.3M | 11M | 15M | 15M | 15M | 20M | 30M | 31M | 33M | 31M | 31M |
| EBIT | 9.8M | 8.2M | 15M | 32M | 44M | 90M | 80M | 145M | 49M | 182M | 274M | 273M | 273M |
| Op. Margin | 21.6% | 13.9% | 18.3% | 30.1% | 31.5% | 63.6% | 42.8% | 67.8% | 20.6% | 57.0% | 71.4% | 68.3% | 68.3% |
| Net Income | 9.6M | 8.0M | 15M | 29M | 40M | 80M | 82M | 126M | 41M | 148M | 199M | 183M | 183M |
| Net Margin | 21.2% | 13.6% | 18.0% | 27.4% | 28.6% | 56.6% | 43.6% | 59.0% | 17.0% | 46.2% | 51.7% | 45.6% | 45.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 68M | 57M | 69M | 80M | 65M | 65M |
| Returns on Capital | |||||||||||||
| ROIC | 1.9% | 0.9% | 1.2% | 1.9% | 2.3% | 4.9% | 4.7% | 6.6% | 2.0% | 7.0% | 8.7% | 6.6% | 5.7% |
| ROE | 4.5% | 2.3% | 2.9% | 4.8% | 5.5% | 9.2% | 7.6% | 9.1% | 2.5% | 7.8% | 8.7% | 7.2% | 6.9% |
| ROA | 1.2% | 0.6% | 0.9% | 1.5% | 1.8% | 3.5% | 2.8% | 3.3% | 0.9% | 2.6% | 2.9% | 2.4% | 2.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 5.1M | 19M | 57M | 12M | 59M | 29M | 73M | 13M | 230K | 100M | 5.9M | 167M | 167M |
| Free Cash Flow | -23M | -24M | 39M | -159M | 31M | 29M | 73M | 13M | -4.3M | 100M | 5.9M | 167M | 167M |
| Owner Earnings | -2.7M | 3.9M | 39M | -3.1M | 44M | 12M | 53M | -7.5M | -24M | 77M | -21M | 137M | 137M |
| CapEx | 28M | 43M | 18M | 171M | 28M | 0 | 0 | 0 | 4.5M | 0 | 0 | 0 | 0 |
| Maint. CapEx | 2.6M | 4.0M | 7.7M | 3.6M | 4.5M | 3.6M | 3.6M | 3.8M | 4.0M | 3.1M | 1.0M | 780K | 780K |
| Growth CapEx | 25M | 39M | 10M | 167M | 23M | N/A | N/A | N/A | 557K | N/A | N/A | N/A | 0 |
| D&A | 2.6M | 4.0M | 7.7M | 3.6M | 4.5M | 3.6M | 3.6M | 3.8M | 4.0M | 3.1M | 1.0M | 780K | 780K |
| CapEx/OCF | 539.2% | 231.7% | 31.1% | 1459.3% | 46.9% | N/A | N/A | N/A | 1978.3% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 14M | 32M | 49M | 68M | 71M | 86M | 100M | 114M | 132M | 160M | 192M | 210M | 210M |
| Dividend Yield | 8.3% | 8.1% | 8.7% | 9.4% | 9.6% | 6.8% | 4.8% | 3.0% | 4.9% | 6.9% | 5.8% | 5.9% | 4.2% |
| Share Buybacks | 205K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.2M | 11M | 10M | 11M | 10M | 14M | 17M | 17M | 20M | 20M | 26M | 30M | 30M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14M | 461K | 144M | 0 | 200M | 200M |
| Balance Sheet | |||||||||||||
| Net Debt | 519M | 869M | 946M | 1.2B | 902M | 650M | 251M | 236M | 267M | 2.2B | 3.0B | 615M | 615M |
| Cash & Equiv. | 58M | 43M | 29M | 57M | 21M | 6.2M | 286M | 226M | 156M | 63M | 130M | 110M | 110M |
| Long-Term Debt | 321M | 664M | 692M | 1.2B | 835M | 700M | 593M | 430M | 433M | 0 | 0 | 500M | 500M |
| Debt/Equity | 2.32 | 2.11 | 1.70 | 1.99 | 1.36 | 0.78 | 0.49 | 0.31 | 0.26 | 1.08 | 1.31 | 0.27 | 0.27 |
| Interest Coverage | 0.6 | 0.3 | 0.3 | 0.5 | 0.6 | 1.4 | 0.9 | 1.2 | 0.4 | 1.1 | 1.1 | 0.9 | 0.9 |
| Equity | 274M | 432M | 574M | 643M | 805M | 940M | 1.2B | 1.6B | 1.7B | 2.1B | 2.4B | 2.7B | 2.7B |
| Total Assets | 1.0B | 1.5B | 1.7B | 2.3B | 2.2B | 2.4B | 3.5B | 4.1B | 4.8B | 6.6B | 7.1B | 8.2B | 8.2B |
| Total Liabilities | 735M | 1.0B | 1.2B | 1.6B | 1.4B | 1.4B | 2.2B | 2.6B | 3.1B | 4.4B | 4.7B | 5.5B | 5.5B |
| Intangibles | 23M | 27M | 27M | 94M | 96M | 93M | 90M | 87M | 84M | 14M | N/A | N/A | N/A |
| Retained Earnings | -25M | -53M | -92M | -131M | -163M | -170M | -204M | -194M | -285M | -304M | -297M | -323M | -323M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.43 | 0.21 | 0.32 | 0.57 | 0.75 | 1.24 | 1.10 | 1.51 | 0.47 | 1.42 | 1.62 | 1.41 | 1.41 |
| Owner EPS | -0.12 | 0.10 | 0.85 | -0.06 | 0.83 | 0.18 | 0.71 | -0.09 | -0.27 | 0.74 | -0.17 | 1.06 | 1.06 |
| Book Value | 12.27 | 11.40 | 12.54 | 12.63 | 15.16 | 14.53 | 16.33 | 18.82 | 19.18 | 20.57 | 19.63 | 20.52 | 20.52 |
| Cash Flow/Share | 0.23 | 0.49 | 1.24 | 0.23 | 1.11 | 0.46 | 0.99 | 0.16 | 0.00 | 0.96 | 0.05 | 1.29 | 1.42 |
| Dividends/Share | 0.62 | 0.83 | 1.08 | 1.34 | 1.34 | 1.34 | 1.35 | 1.36 | 1.52 | 1.53 | 1.57 | 1.62 | 1.62 |
| Shares Out. | 22.3M | 37.9M | 45.8M | 50.9M | 53.1M | 64.7M | 74.1M | 83.2M | 86.8M | 104.1M | 122.5M | 129.5M | 129.5M |
| Valuation | |||||||||||||
| P/E Ratio | 18.7 | 54.9 | 36.9 | 28.3 | 18.5 | 19.4 | 45.8 | 28.1 | 50.7 | 17.7 | 15.7 | 23.0 | 27.2 |
| P/FCF | N/A | N/A | 13.8 | N/A | 23.6 | 52.8 | 50.9 | 265.5 | N/A | 26.2 | 533.6 | 25.1 | 29.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 20.4 |
| Price/Book | 0.7 | 1.0 | 0.9 | 1.3 | 0.9 | 1.7 | 3.1 | 2.3 | N/A | 1.2 | 1.3 | 1.6 | 1.9 |
| Price/Sales | 3.7 | 6.7 | 7.0 | 6.9 | 5.3 | 8.9 | 11.1 | 17.5 | 11.2 | 7.2 | 8.7 | 8.9 | 12.4 |
| FCF Yield | -12.5% | -5.6% | 7.3% | -19.4% | 4.2% | 1.9% | 2.0% | 0.4% | -0.2% | 3.8% | 0.2% | 3.9% | 3.4% |
| Market Cap | 180M | 437M | 540M | 822M | 737M | 1.6B | 3.7B | 3.5B | 2.1B | 2.6B | 3.1B | 4.2B | 5.0B |
| Avg. Price | 7.51 | 10.35 | 12.42 | 14.31 | 14.00 | 19.57 | 28.04 | 44.86 | 30.84 | 22.15 | 26.92 | 27.35 | 38.37 |
| Year-End Price | 8.05 | 11.52 | 11.80 | 16.16 | 13.88 | 24.07 | 50.37 | 42.44 | 23.82 | 25.11 | 25.49 | 32.47 | 38.37 |
HA Sustainable Infrastructure Capital, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
HA Sustainable Infrastructure Capital, Inc. trades at 27.2x trailing earnings, compared to its 15-year median P/E of 25.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 30.0x vs a median of 25.7x. The company's 5-year average ROIC is 6.2%. Total shareholder yield (dividends) is 4.2%. At current prices, the estimated annualized return to fair value is -2.4%.
HA Sustainable Infrastructure Capital, Inc. (HASI) reported annual revenue of $401 million in its most recent fiscal year, based on SEC EDGAR filings.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a net profit margin of 45.6%. This is a strong margin indicating high profitability.
HA Sustainable Infrastructure Capital, Inc. (HASI) generated $167 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a debt-to-equity ratio of 0.27. This indicates a conservatively financed balance sheet.
HA Sustainable Infrastructure Capital, Inc. (HASI) reported earnings per share (EPS) of $1.41 in its most recent fiscal year.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a return on equity (ROE) of 7.2%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for HA Sustainable Infrastructure Capital, Inc. (HASI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a book value per share of $20.52, based on its most recent annual SEC filing.