Hannon Armstrong Sustainable Infrastructure Capital
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
18.8817.568.958.91
Price/Sales ratio
10.128.724.021.86
Earnings per Share (EPS)
$1.45$1.56$3.07$3.09

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
30.5973.1352.2139.2624.1825.2155.7133.5661.1018.8714.5225.21
Price/Sales ratio
10.3718.5318.1819.4212.1014.5332.1719.5016.318.780.0314.53
Price/Book Value ratio
1.091.351.341.891.252.193.812.751.551.340.002.19
Price/Cash Flow ratio
57.3731.4213.45103.4117.1069.7462.65319.2711.02K28.170.1769.74
Price/Free Cash Flow ratio
57.3731.4213.45103.4117.1069.7462.65319.2711.02K28.170.1769.74
Price/Earnings Growth ratio
-0.18-1.420.990.500.620.43-5.800.86-0.870.080.720.62
Dividend Yield
4.64%5.42%6.46%5.63%7.06%4.20%2.17%2.67%5.21%5.68%4.54%4.54%
Profitability Indicator Ratios
Gross Profit Margin
-37039.83%-53361.56%-44773.65%-31488.39%-30769.11%-20235.09%-26367.53%-24213.61%-40708.77%79.88%79.01%-30769.11%
Operating Profit Margin
-65.40%-74.03%-64.58%-48.83%-47.11%63.35%55.81%65.97%105.77%70.10%70.46%-47.11%
Pretax Profit Margin
34.59%25.96%35.41%51.16%52.88%63.61%56.05%66.32%31.70%57.01%0.37%63.61%
Net Profit Margin
33.92%25.34%34.83%49.45%50.03%57.63%57.75%58.09%26.69%46.53%0.26%57.63%
Effective Tax Rate
0.26%1.44%0.94%2.77%4.87%8.99%-3.47%11.87%14.97%17.33%27.88%4.87%
Return on Assets
0.95%0.54%0.83%1.37%1.92%3.41%2.38%3.05%0.87%2.27%0.00%3.41%
Return On Equity
3.56%1.85%2.56%4.82%5.19%8.70%6.84%8.19%2.54%7.11%0.03%8.70%
Return on Capital Employed
-1.85%-1.60%-1.57%-1.36%-1.84%3.84%2.34%3.56%3.65%3.50%0.86%-1.84%
Liquidity Ratios
Current Ratio
557.25327.32147.25313.74191.170.100.43N/AN/AN/AN/A0.10
Quick Ratio
53.9055.51-1.18-2.37-3.00-4.20-3.14-2.06-0.7418.62N/A-3.00
Cash ratio
5.102.381.162.230.580.114.771.980.590.38N/A0.11
Days of Sales Outstanding
7.28K9.11K9.04K5.92KN/A2.99K3.10K2.42K4.87K3.40K12.86K12.86K
Days of Inventory outstanding
N/A-3.2120.7319.8715.0017.6416.3113.1411.75KN/AN/A17.64
Operating Cycle
7.28K9.10K9.06K5.94K15.003.00K3.12K2.43K16.62K3.40K12.86K15.00
Days of Payables Outstanding
0.390.380.480.470.510.680.570.440.43376.124.620.51
Cash Conversion Cycle
7.28K9.10K9.06K5.94K14.483.00K3.12K2.43K16.62K3.02K12.86K14.48
Debt Ratios
Debt Ratio
N/AN/A0.550.630.57N/AN/A0.010.620.63N/AN/A
Debt Equity Ratio
N/AN/A1.702.231.55N/AN/A0.031.822.00N/AN/A
Long-term Debt to Capitalization
N/AN/A0.630.690.60N/AN/AN/A0.640.66N/AN/A
Total Debt to Capitalization
N/AN/A0.630.690.60N/AN/A0.030.640.66N/AN/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A0.00N/AN/AN/A250.48N/A
Cash Flow to Debt Ratio
N/AN/A0.050.000.04N/AN/A0.260.000.02N/AN/A
Company Equity Multiplier
3.753.433.053.522.682.542.872.682.923.132.872.68
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.180.581.350.180.700.200.510.060.000.310.210.21
Free Cash Flow / Operating Cash Flow Ratio
111111111111
Cash Flow Coverage Ratio
N/AN/A0.050.000.04N/AN/A0.260.000.02N/AN/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A0.26N/A5.86N/AN/A
Dividend Payout Ratio
141.96%396.97%337.70%221.13%170.74%105.93%121.17%89.67%318.53%107.35%85.05%105.93%