HA Sustainable Infrastructure Capital, Inc. (HASI) is a publicly traded company in the Financial Services — Asset Management industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
HA Sustainable Infrastructure Capital, Inc. (HASI) specializes in providing financial capital and making investments in initiatives that address climate change. The company funnels its resources into projects and assets developed by businesses operating in the renewable energy, energy efficiency, and wider sustainable infrastructure sectors.
Is HA Sustainable Infrastructure Capital, Inc. stock overvalued or undervalued in 2026?
On the earnings the consensus expects for 2027 ($3.33 per share), HA Sustainable Infrastructure Capital, Inc. (HASI) trades at 11.5× earnings (P/E), below the median of the 321 financial services companies over $2bn in Kaplio's universe. The P/E on the last twelve months (72.2×) is based on earnings per share of $0.53, far from what is expected; that is why this range uses expected earnings. At the decade median (32.9×) $110 (+186 %); at its sector median (12.9×) $43 (+12 %).
Kaplio overview: HA Sustainable Infrastructure Capital, Inc.
Market cap $5B · 52 weeks $28 – $43 (11 % below the high) · P/E 72.2× · 2027 est. P/E 11.5× · Dividend 4.4 % · 7 years rising · Next earnings November 5, 2026 · expected EPS $0.73 · Closing price, Nov 2 · accounts published Aug 6.
- Valuation: 2027 est. P/E 11.5× (fairly priced).
- Business: ROE 3.4 % (weak).
- Balance sheet: Debt/Equity 2.32 (fragile).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
On those earnings: at the decade median (32.9×) $110 (+186 %); at its sector median (12.9×) $43 (+12 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
P/E calculated by Kaplio with 12-month GAAP earnings; the data provider reports 59.3×.
Note: earnings per share over the last twelve months ($0.53) are far from the consensus for 2027 ($3.33); that is why this range uses expected earnings.
What matters in financial services: 1 of 5 pass
- 5y revenue growth 0.1 %, fails.
- Operating margin −6.8 %, fails.
- ROE 3.4 %, fails.
- Debt / Equity 2.32, fails.
- P/E vs own 5y 72.2×, info.
- FCF / Net Income 90.7 %, passes, near the threshold.
Against its peers (reference peers) — HA Sustainable Infrastructure Capital, Inc.: P/E 72.2×; EV/EBITDA —; ROIC -0.1 %; $4.9B. Golub Capital BDC, Inc. (P/E 23.4×; EV/EBITDA 19.8×; ROIC 4.8 %; $3.3B), Hercules Capital, Inc. (P/E 9.0×; EV/EBITDA 12.8×; ROIC 9.0 %; $3.1B), Associated Banc-Corp (P/E 10.8×; EV/EBITDA 8.2×; ROIC 4.8 %; $5.2B).
Expensive or cheap against its last ten years?
P/E at each close: today 72.2× · median 32.9× · minimum 13.3× · maximum 80.6× · cheap below 22.7× · expensive above 50.1×. Earnings over the last 12 months are distorted: today's P/E compared with its history is not representative.
Dividend
fragile · Yield 4.4 % ($1.71 per share in 2025) · Years raising it 7 · 5-year growth +4 % a year · Free cash flow coverage 0.5× · With $1,000 invested today you'd collect $44.30 a year ($3.69 a month).
Profitability
| Return on Equity | 3.39% |
| Return on Invested Capital | -0.12% |
| Return on Assets | 0.96% |
| Gross Margin | 27.69% |
| Operating Margin | -3.67% |
| Net Margin | 18.61% |
Financial Health
| Debt / Equity | 2.32 |
| Current Ratio | 41.65 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.96 |
Price Performance
| 1 month | +5.57% |
| 3 months | +0.31% |
| Year-to-date | +21.83% |
| 1 year | +36.12% |
| 3 years | +75.97% |
| 5 years | -39.30% |
| 10 years | +91.83% |
Dividend History
Paid in the last 12 months: $1.695 per share in 4 payments.
| Date | Amount |
|---|---|
| October 2, 2026 | $0.425 |
| July 2, 2026 | $0.425 |
| April 2, 2026 | $0.425 |
| December 29, 2025 | $0.42 |
| October 3, 2025 | $0.42 |
| July 2, 2025 | $0.42 |
| April 4, 2025 | $0.42 |
| December 30, 2024 | $0.415 |
| October 4, 2024 | $0.415 |
| July 3, 2024 | $0.415 |
Amounts adjusted for stock splits.
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Explore sector: Financial Services · Asset Management
More sections of HASI: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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