Head-To-Head Comparison: Atlantica Yield (AY) versus Its Competitors
Atlantica Yield (NASDAQ: AY) is one of 82 publicly-traded companies in the “Electric Utilities” industry, but how does it contrast to its peers? We will compare Atlantica Yield to similar businesses based on the strength of its analyst recommendations, valuation, earnings, institutional ownership, dividends, profitability and risk.
Risk & Volatility
Atlantica Yield has a beta of 1.11, indicating that its stock price is 11% more volatile than the S&P 500. Comparatively, Atlantica Yield’s peers have a beta of 0.63, indicating that their average stock price is 37% less volatile than the S&P 500.
51.0% of Atlantica Yield shares are held by institutional investors. Comparatively, 65.6% of shares of all “Electric Utilities” companies are held by institutional investors. 2.7% of shares of all “Electric Utilities” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Earnings & Valuation
This table compares Atlantica Yield and its peers revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Atlantica Yield||$971.80 million||-$4.85 million||77.32|
|Atlantica Yield Competitors||$7.66 billion||$831.80 million||50.04|
Atlantica Yield’s peers have higher revenue and earnings than Atlantica Yield. Atlantica Yield is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Atlantica Yield pays an annual dividend of $1.16 per share and has a dividend yield of 5.4%. Atlantica Yield pays out 414.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Electric Utilities” companies pay a dividend yield of 3.2% and pay out 102.1% of their earnings in the form of a dividend.
This is a summary of current ratings and recommmendations for Atlantica Yield and its peers, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Atlantica Yield Competitors||538||2977||2394||43||2.33|
Atlantica Yield presently has a consensus target price of $23.75, suggesting a potential upside of 9.70%. As a group, “Electric Utilities” companies have a potential upside of 7.74%. Given Atlantica Yield’s stronger consensus rating and higher possible upside, equities analysts clearly believe Atlantica Yield is more favorable than its peers.
This table compares Atlantica Yield and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Atlantica Yield Competitors||-10.00%||9.28%||2.55%|
Atlantica Yield peers beat Atlantica Yield on 8 of the 15 factors compared.
About Atlantica Yield
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa). Its segments include North America, South America and EMEA. It operates in business sectors, including renewable energy, conventional power, electric transmission lines and water. As of December 31, 2016, it owned or had interests in 21 assets, comprising 1,442 megawatt (MW) of renewable energy generation, 300 MW of conventional power generation, 1,099 miles of electric transmission lines, as well as an exchangeable preferred equity investment in Abengoa Concessoes Brasil Holding S.A., (ACBH). The renewable energy sector includes its activities related to the production electricity from solar power and wind plants.
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