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Array Technologies Inc
NASDAQ:ARRY

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Array Technologies Inc
NASDAQ:ARRY
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Price: 8.08 USD 6.74% Market Closed
Market Cap: $1.2B

EV/OCF

16.6
Current
33%
More Expensive
vs 3-y average of 12.5

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
16.6
=
Enterprise Value
$1.5B
/
Operating Cash Flow
$101.8m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
16.6
=
Enterprise Value
$1.5B
/
Operating Cash Flow
$101.8m

Valuation Scenarios

Array Technologies Inc is trading above its 3-year average

If EV/OCF returns to its 3-Year Average (12.5), the stock would be worth $6.07 (25% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-45%
Maximum Upside
+44%
Average Downside
7%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 16.6 $8.08
0%
3-Year Average 12.5 $6.07
-25%
5-Year Average 9.1 $4.41
-45%
Industry Average 23.9 $11.62
+44%
Country Average 16.7 $8.11
+0%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
US
Array Technologies Inc
NASDAQ:ARRY
1.2B USD 16.6 -11
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
2T CNY 13.3 26
FR
Schneider Electric SE
PAR:SU
154B EUR 27.1 37
CH
Abb Ltd
SIX:ABBN
134.9B CHF 32.6 37.8
IE
Eaton Corporation PLC
NYSE:ETN
160.5B USD 37.6 39.3
US
Vertiv Holdings Co
NYSE:VRT
116.7B USD 55.8 87.6
US
Emerson Electric Co
NYSE:EMR
80.2B USD 28.5 34.7
KR
LG Energy Solution Ltd
KRX:373220
113.4T KRW 27.9 -101.4
JP
Fujikura Ltd
TSE:5803
9.9T JPY 106.6 68.8
US
AMETEK Inc
NYSE:AME
52.8B USD 29.6 35.7
US
Rockwell Automation Inc
NYSE:ROK
45.7B USD 35.4 46.3
P/E Multiple
Earnings Growth PEG
US
Array Technologies Inc
NASDAQ:ARRY
Average P/E: 45.9
Negative Multiple: -11
N/A N/A
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
26
22%
1.2
FR
Schneider Electric SE
PAR:SU
37
23%
1.6
CH
Abb Ltd
SIX:ABBN
37.8
13%
2.9
IE
Eaton Corporation PLC
NYSE:ETN
39.3
19%
2.1
US
Vertiv Holdings Co
NYSE:VRT
87.6
43%
2
US
Emerson Electric Co
NYSE:EMR
34.7
25%
1.4
KR
LG Energy Solution Ltd
KRX:373220
Negative Multiple: -101.4 N/A N/A
JP
Fujikura Ltd
TSE:5803
68.8
44%
1.6
US
AMETEK Inc
NYSE:AME
35.7
14%
2.5
US
Rockwell Automation Inc
NYSE:ROK
46.3
26%
1.8

Market Distribution

In line with most companies in the United States of America
Percentile
50th
Based on 9 518 companies
50th percentile
16.6
Low
0 — 11.7
Typical Range
11.7 — 23.6
High
23.6 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 11.7
Median 16.7
70th Percentile 23.6
Max 3 178 983.5

Array Technologies Inc
Glance View

Array Technologies, Inc. manufactures ground-mounting systems used in solar energy projects. The company is headquartered in Albuquerque, New Mexico and currently employs 471 full-time employees. The company went IPO on 2020-10-15. The firm's principal product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker. Its trackers use a design that allows one motor to drive multiple rows of solar panels through articulated driveline joints. The firm sells its products to engineering, procurement and construction firms (EPCs) that build solar energy projects and to solar developers, independent power producers and utilities. Its DuraTrack HZ v3 is a single axis tracker and incorporates features, such as single bolt per module mounting system. The firm's SmarTrack software uses site-specific historical weather and energy production data, in combination with machine learning algorithms, to identify the position for a solar array in real time to enhance its energy production.

ARRY Intrinsic Value
12.7 USD
Undervaluation 36%
Intrinsic Value
Price $8.08
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