SUNRUN INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.99 USD | -7.20% |
|
-0.83% | -38.92% |
| May. 10 | UBS Trims Sunrun Price Target to $14 From $15, Maintains Neutral Rating | MT |
| May. 10 | Deutsche Bank Adjusts Sunrun Price Target to $12 From $12.50, Maintains Hold Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,630 | 13,705 | 7,100 | 5,119 | 4,277 | 2,864 | - | - |
| Enterprise Value (EV) 1 | 3,978 | 18,157 | 13,329 | 13,083 | 14,270 | 14,867 | 16,936 | 19,579 |
| P/E ratio | 65.8 x | -56 x | -87.9 x | 30 x | -2.65 x | -10.3 x | -11.7 x | -11.8 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.9 x | 14.9 x | 4.41 x | 2.21 x | 1.89 x | 1.32 x | 1.14 x | 0.96 x |
| EV / Revenue | 4.63 x | 19.7 x | 8.28 x | 5.64 x | 6.31 x | 6.86 x | 6.75 x | 6.57 x |
| EV / EBITDA | -139 x | -81.7 x | -47.9 x | -62 x | -62 x | -90.4 x | -126 x | -67.6 x |
| EV / FCF | -3.81 x | -14.1 x | -5.32 x | -15.1 x | -4.16 x | -4.63 x | -4.6 x | -5.08 x |
| FCF Yield | -26.3% | -7.07% | -18.8% | -6.63% | -24% | -21.6% | -21.7% | -19.7% |
| Price to Book | 1.7 x | 2.3 x | 1.14 x | 0.77 x | 0.82 x | 0.49 x | 0.48 x | 0.5 x |
| Nbr of stocks (in thousands) | 118,058 | 197,530 | 207,005 | 213,104 | 217,879 | 221,663 | - | - |
| Reference price 2 | 13.81 | 69.38 | 34.30 | 24.02 | 19.63 | 12.92 | 12.92 | 12.92 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/17/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 858.6 | 922.2 | 1,610 | 2,321 | 2,260 | 2,166 | 2,510 | 2,981 |
| EBITDA 1 | -28.58 | -222.2 | -278.1 | -211.1 | -230.3 | -164.4 | -134.1 | -289.6 |
| EBIT 1 | -215.7 | -465.1 | -666.2 | -662.2 | -762 | -683 | -655.7 | -613.3 |
| Operating Margin | -25.13% | -50.44% | -41.38% | -28.53% | -33.72% | -31.53% | -26.13% | -20.57% |
| Earnings before Tax (EBT) 1 | -399.2 | -687.5 | -971.3 | -847.4 | -2,696 | -1,396 | -1,567 | -1,803 |
| Net income 1 | 26.34 | -173.4 | -79.42 | 173.4 | -1,604 | -196.1 | -239.4 | -263.6 |
| Net margin | 3.07% | -18.8% | -4.93% | 7.47% | -71% | -9.05% | -9.54% | -8.84% |
| EPS 2 | 0.2100 | -1.240 | -0.3900 | 0.8000 | -7.410 | -1.251 | -1.104 | -1.095 |
| Free Cash Flow 1 | -1,045 | -1,285 | -2,503 | -867 | -3,429 | -3,208 | -3,684 | -3,854 |
| FCF margin | -121.72% | -139.29% | -155.49% | -37.35% | -151.73% | -148.08% | -146.78% | -129.25% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 2/17/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 435.2 | 495.8 | 584.6 | 631.9 | 609.2 | 589.8 | 590.2 | 563.2 | 516.6 | 458.2 | 524.1 | 599.6 | 612.9 | 557.1 | 603.3 |
| EBITDA 1 | -105.9 | -75.34 | -48.18 | -17.62 | -70 | -104.6 | -79.16 | -50.72 | 4.155 | -32.6 | -20.62 | -45.93 | -49.43 | -26.37 | 4.853 |
| EBIT 1 | -208 | -181.4 | -155.3 | -136.2 | -189.2 | -227.7 | -205.9 | -189.5 | -138.9 | -183.1 | -147.7 | -169.5 | -184.7 | -168.5 | -143.6 |
| Operating Margin | -47.78% | -36.6% | -26.57% | -21.56% | -31.06% | -38.6% | -34.89% | -33.64% | -26.88% | -39.97% | -28.18% | -28.26% | -30.13% | -30.25% | -23.81% |
| Earnings before Tax (EBT) 1 | -293.1 | -159.7 | -206.5 | -155.5 | -325.6 | -395.4 | -322 | -1,441 | -537 | -285.4 | -332.2 | -354.7 | -396.5 | -388.2 | -355.1 |
| Net income 1 | -38.52 | -87.78 | -12.43 | 210.6 | 63.02 | -240.4 | 55.47 | -1,069 | -350.1 | -87.82 | -74.39 | -56.13 | -74.04 | -42.57 | -33.41 |
| Net margin | -8.85% | -17.7% | -2.13% | 33.32% | 10.35% | -40.75% | 9.4% | -189.9% | -67.78% | -19.17% | -14.19% | -9.36% | -12.08% | -7.64% | -5.54% |
| EPS 2 | -0.1900 | -0.4200 | -0.0600 | 0.9600 | 0.2900 | -1.120 | 0.2500 | -4.920 | -1.600 | -0.4000 | -0.3310 | -0.3595 | -0.3864 | -0.3269 | -0.1986 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/17/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/22/23 | 5/3/23 | 8/2/23 | 11/1/23 | 2/21/24 | 5/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,347 | 4,452 | 6,229 | 7,964 | 9,993 | 12,003 | 14,072 | 16,715 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -82.14 x | -20.04 x | -22.4 x | -37.72 x | -43.39 x | -73.01 x | -104.9 x | -57.73 x |
| Free Cash Flow 1 | -1,045 | -1,285 | -2,503 | -867 | -3,429 | -3,208 | -3,684 | -3,854 |
| ROE (net income / shareholders' equity) | 2.75% | -4.92% | -1.29% | 2.67% | -26.9% | -7.04% | -4.72% | 0.81% |
| ROA (Net income/ Total Assets) | 0.5% | -1.72% | -0.51% | 0.97% | -8.08% | -1.08% | -0.33% | 0.8% |
| Assets 1 | 5,278 | 10,095 | 15,434 | 17,876 | 19,860 | 18,182 | 71,577 | -32,951 |
| Book Value Per Share 2 | 8.140 | 30.20 | 30.00 | 31.30 | 23.80 | 26.40 | 27.00 | 25.90 |
| Cash Flow per Share 2 | -1.650 | -2.280 | -3.980 | -3.880 | -3.790 | -2.900 | -3.630 | -4.040 |
| Capex 1 | 815 | 967 | 1,686 | 2,011 | 2,608 | 2,608 | 3,115 | 3,350 |
| Capex / Sales | 94.95% | 104.81% | 104.73% | 86.63% | 115.41% | 120.37% | 124.12% | 112.36% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/17/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
12.92
USD
Average target price
19.56
USD
Spread / Average Target
+51.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -38.89% | 2.86B | |
| +41.34% | 26.95B | |
| -14.59% | 20.47B | |
| -11.66% | 16.49B | |
| -6.51% | 14.55B | |
| -7.90% | 11.28B | |
| +21.70% | 7.68B | |
| -14.10% | 7.5B | |
| +10.72% | 7.3B | |
| -27.17% | 6.86B |
- Stock Market
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- Financials Sunrun Inc.
