SUNRUN INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.96 USD | +0.50% |
|
+11.80% | -38.95% |
| May. 01 | Truist Securities Sunrun's Price Target to $12 From $14, Hold Rating Kept | MT |
| Apr. 15 | Sunrun Chief Revenue Officer Paul Dickson Adds President Title | 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 | 2,638 | - | - |
| Enterprise Value (EV) 1 | 3,978 | 18,157 | 13,329 | 13,083 | 14,270 | 14,691 | 16,678 | 19,228 |
| P/E ratio | 65.8 x | -56 x | -87.9 x | 30 x | -2.65 x | -13.4 x | -15.8 x | -31 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.9 x | 14.9 x | 4.41 x | 2.21 x | 1.89 x | 1.18 x | 1.03 x | 0.87 x |
| EV / Revenue | 4.63 x | 19.7 x | 8.28 x | 5.64 x | 6.31 x | 6.58 x | 6.48 x | 6.36 x |
| EV / EBITDA | -139 x | -81.7 x | -47.9 x | -62 x | -62 x | -74.6 x | -353 x | -111 x |
| EV / FCF | -3.81 x | -14.1 x | -5.32 x | -15.1 x | -4.16 x | -4.75 x | -4.39 x | -4.7 x |
| FCF Yield | -26.3% | -7.07% | -18.8% | -6.63% | -24% | -21.1% | -22.8% | -21.3% |
| Price to Book | 1.7 x | 2.3 x | 1.14 x | 0.77 x | 0.82 x | 0.46 x | 0.44 x | 0.41 x |
| Nbr of stocks (in thousands) | 118,058 | 197,530 | 207,005 | 213,104 | 217,879 | 221,661 | - | - |
| Reference price 2 | 13.81 | 69.38 | 34.30 | 24.02 | 19.63 | 11.90 | 11.90 | 11.90 |
| 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 | 2,234 | 2,572 | 3,023 |
| EBITDA 1 | -28.58 | -222.2 | -278.1 | -211.1 | -230.3 | -196.9 | -47.28 | -172.5 |
| EBIT 1 | -215.7 | -465.1 | -666.2 | -662.2 | -762 | -683.1 | -659.9 | -495 |
| Operating Margin | -25.13% | -50.44% | -41.38% | -28.53% | -33.72% | -30.58% | -25.65% | -16.38% |
| Earnings before Tax (EBT) 1 | -399.2 | -687.5 | -971.3 | -847.4 | -2,696 | -1,464 | -1,547 | -1,631 |
| Net income 1 | 26.34 | -173.4 | -79.42 | 173.4 | -1,604 | -193.5 | -167.2 | -99.18 |
| Net margin | 3.07% | -18.8% | -4.93% | 7.47% | -71% | -8.66% | -6.5% | -3.28% |
| EPS 2 | 0.2100 | -1.240 | -0.3900 | 0.8000 | -7.410 | -0.8905 | -0.7544 | -0.3845 |
| Free Cash Flow 1 | -1,045 | -1,285 | -2,503 | -867 | -3,429 | -3,092 | -3,798 | -4,094 |
| FCF margin | -121.72% | -139.29% | -155.49% | -37.35% | -151.73% | -138.44% | -147.65% | -135.45% |
| 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 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 438.8 | 435.2 | 495.8 | 584.6 | 631.9 | 609.2 | 589.8 | 590.2 | 563.2 | 516.6 | 472.6 | 557.4 | 616 | 622 | 562.3 |
| EBITDA 1 | -39.07 | -105.9 | -75.34 | -48.18 | -17.62 | -70 | -104.6 | -79.16 | -50.72 | 4.155 | -35.21 | -55.83 | -53.24 | -32.74 | -18 |
| EBIT 1 | -137.9 | -208 | -181.4 | -155.3 | -136.2 | -189.2 | -227.7 | -205.9 | -189.5 | -138.9 | -152.2 | -174.4 | -181.6 | -182.4 | -184 |
| Operating Margin | -31.43% | -47.78% | -36.6% | -26.57% | -21.56% | -31.06% | -38.6% | -34.89% | -33.64% | -26.88% | -32.22% | -31.29% | -29.48% | -29.32% | -32.73% |
| Earnings before Tax (EBT) 1 | -231.4 | -293.1 | -159.7 | -206.5 | -155.5 | -325.6 | -395.4 | -322 | -1,441 | -537 | -344.6 | -362.6 | -365.8 | -396.2 | -411.4 |
| Net income 1 | 24.13 | -38.52 | -87.78 | -12.43 | 210.6 | 63.02 | -240.4 | 55.47 | -1,069 | -350.1 | -87.46 | -64.46 | -55.37 | -62.62 | -52.2 |
| Net margin | 5.5% | -8.85% | -17.7% | -2.13% | 33.32% | 10.35% | -40.75% | 9.4% | -189.9% | -67.78% | -18.51% | -11.56% | -8.99% | -10.07% | -9.28% |
| EPS 2 | 0.1100 | -0.1900 | -0.4200 | -0.0600 | 0.9600 | 0.2900 | -1.120 | 0.2500 | -4.920 | -1.600 | -0.3432 | -0.2019 | -0.1752 | -0.3192 | -0.3173 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 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 | - | - | - | - | - |
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 | 12,053 | 14,040 | 16,590 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -82.14 x | -20.04 x | -22.4 x | -37.72 x | -43.39 x | -61.21 x | -297 x | -96.16 x |
| Free Cash Flow 1 | -1,045 | -1,285 | -2,503 | -867 | -3,429 | -3,092 | -3,798 | -4,095 |
| ROE (net income / shareholders' equity) | 2.75% | -4.92% | -1.29% | 2.67% | -26.9% | -8.42% | -3.56% | 1.26% |
| ROA (Net income/ Total Assets) | 0.5% | -1.72% | -0.51% | 0.97% | -8.08% | -1.14% | -0.43% | 0.8% |
| Assets 1 | 5,278 | 10,095 | 15,434 | 17,876 | 19,860 | 16,997 | 39,143 | -12,398 |
| Book Value Per Share 2 | 8.140 | 30.20 | 30.00 | 31.30 | 23.80 | 26.10 | 27.00 | 29.20 |
| Cash Flow per Share 2 | -1.650 | -2.280 | -3.980 | -3.880 | -3.790 | -5.550 | -4.440 | - |
| Capex 1 | 815 | 967 | 1,686 | 2,011 | 2,608 | 2,755 | 3,138 | 3,365 |
| Capex / Sales | 94.95% | 104.81% | 104.73% | 86.63% | 115.41% | 123.34% | 122% | 111.31% |
| 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
28
Last Close Price
11.9
USD
Average target price
20.4
USD
Spread / Average Target
+71.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -39.38% | 2.64B | |
| +11.19% | 20.5B | |
| -20.52% | 19.06B | |
| -13.58% | 15.54B | |
| -13.30% | 13.5B | |
| -14.56% | 10.47B | |
| +40.52% | 8.03B | |
| -17.35% | 7.22B | |
| +26.32% | 6.47B | |
| -31.37% | 6.46B |
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- Financials Sunrun Inc.