Financial Contrast: Atlantica Yield PLC (ABY) and Its Competitors
Atlantica Yield PLC (NASDAQ: ABY) is one of 83 publicly-traded companies in the “Electric Utilities” industry, but how does it compare to its peers? We will compare Atlantica Yield PLC to related companies based on the strength of its valuation, institutional ownership, risk, dividends, analyst recommendations, earnings and profitability.
Atlantica Yield PLC pays an annual dividend of $1.04 per share and has a dividend yield of 5.2%. Atlantica Yield PLC pays out 346.7% 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 104.0% of their earnings in the form of a dividend.
Volatility & Risk
Atlantica Yield PLC has a beta of 1.12, suggesting that its share price is 12% more volatile than the S&P 500. Comparatively, Atlantica Yield PLC’s peers have a beta of 0.70, suggesting that their average share price is 30% less volatile than the S&P 500.
This is a breakdown of recent ratings and target prices for Atlantica Yield PLC and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Atlantica Yield PLC||0||1||2||0||2.67|
|Atlantica Yield PLC Competitors||692||3227||2431||52||2.29|
Atlantica Yield PLC currently has a consensus target price of $22.33, suggesting a potential upside of 11.53%. As a group, “Electric Utilities” companies have a potential upside of 5.00%. Given Atlantica Yield PLC’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Atlantica Yield PLC is more favorable than its peers.
Valuation and Earnings
This table compares Atlantica Yield PLC and its peers revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Atlantica Yield PLC||$1.00 billion||$697.25 million||66.75|
|Atlantica Yield PLC Competitors||$7.30 billion||$2.15 billion||30.23|
Atlantica Yield PLC’s peers have higher revenue and earnings than Atlantica Yield PLC. Atlantica Yield PLC 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.
Insider and Institutional Ownership
47.8% of Atlantica Yield PLC shares are held by institutional investors. Comparatively, 65.6% of shares of all “Electric Utilities” companies are held by institutional investors. 2.9% of shares of all “Electric Utilities” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This table compares Atlantica Yield PLC and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Atlantica Yield PLC||3.15%||1.58%||0.30%|
|Atlantica Yield PLC Competitors||-10.95%||3.26%||0.51%|
Atlantica Yield PLC peers beat Atlantica Yield PLC on 8 of the 15 factors compared.
About Atlantica Yield PLC
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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