Altus Power Inc
NYSE:AMPS
Intrinsic Value
Altus Power, Inc. operates as a clean electrification company. [ Read More ]
The intrinsic value of one AMPS stock under the Base Case scenario is 3.53 USD. Compared to the current market price of 4.78 USD, Altus Power Inc is Overvalued by 26%.
Valuation Backtest
Altus Power Inc
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Fundamental Analysis
Altus Power Expands Solar Leadership, Reaffirms Growth
2023-Q3 Earnings Call
During a challenging market with limited traditional bank financing, Altus Power seizes expansion opportunities, fueled by rising power prices and sustainability objectives. They've crafted a competitive funding structure with insurance partners, culminating in the announcement of a $200 million innovative construction facility with Blackstone. Altus added 22 megawatts in Q3, totalling 721 megawatts, up 91% from the previous year, and completed 53 megawatts of assets in 2023. They forecast completing roughly 75 megawatts by year-end. The company has also acquired a 121-megawatt portfolio to further market penetration, primarily in the Southeast U.S., planning a $120 million purchase with Blackstone funding and available cash. Altus Power remains focused on profitable growth, reaffirming their guidance range of $97 to $103 million and an adjusted EBITDA margin in the mid- to high 50s.
Balance Sheet Decomposition
Altus Power Inc
Current Assets | 228.8m |
Cash & Short-Term Investments | 160.8m |
Receivables | 17.1m |
Other Current Assets | 50.9m |
Non-Current Assets | 1.9B |
PP&E | 1.8B |
Intangibles | 47.6m |
Other Non-Current Assets | 21.1m |
Current Liabilities | 106.5m |
Accounts Payable | 7.3m |
Accrued Liabilities | 15.5m |
Other Current Liabilities | 83.6m |
Non-Current Liabilities | 1.5B |
Long-Term Debt | 1.2B |
Other Non-Current Liabilities | 373.5m |
Earnings Waterfall
Altus Power Inc
Revenue
|
155.2m
USD
|
Cost of Revenue
|
-29.6m
USD
|
Gross Profit
|
125.5m
USD
|
Operating Expenses
|
-103.3m
USD
|
Operating Income
|
22.3m
USD
|
Other Expenses
|
-31.6m
USD
|
Net Income
|
-9.4m
USD
|
Free Cash Flow Analysis
Altus Power Inc
What is Free Cash Flow?
AMPS Profitability Score
Profitability Due Diligence
Altus Power Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
Score
Altus Power Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
AMPS Solvency Score
Solvency Due Diligence
Altus Power Inc's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Score
Altus Power Inc's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
AMPS Price Targets Summary
Altus Power Inc
According to Wall Street analysts, the average 1-year price target for AMPS is 8.93 USD with a low forecast of 7.07 USD and a high forecast of 10.5 USD.
Ownership
AMPS Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
AMPS Price
Altus Power Inc
Average Annual Return | -20.43% |
Standard Deviation of Annual Returns | 29.03% |
Max Drawdown | -71% |
Market Capitalization | 760m USD |
Shares Outstanding | 159 990 000 |
Percentage of Shares Shorted | 12.5% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Altus Power, Inc. operates as a clean electrification company. The company is headquartered in Stamford, Connecticut and currently employs 44 full-time employees. The company went IPO on 2020-12-15. The Solar energy facilities are owned by the Company in project specific limited liability companies (the Solar Facility Subsidiaries). Its services range from on-site solar generation to Community Solar, energy storage, and electric vehicle (EV) charging, all of which are tailored to each client's needs and energy usage. The company offers solutions for schools, hospitals, nonprofits, municipals, and large corporate facilities. The company utilizes the space for solar development and provide clean energy to the local community. The company offers the tools to equip property with clean, renewable energy, and gain the opportunity to benefit of power provision.
Contact
IPO
Employees
Officers
The intrinsic value of one AMPS stock under the Base Case scenario is 3.53 USD.
Compared to the current market price of 4.78 USD, Altus Power Inc is Overvalued by 26%.