Hannon Armstrong Sustainable Infrastructure Capital Inc.
HASI is an investor in sustainable infrastructure assets advancing the energy transition. Our investment strategy is focused on actively partnering with clients to deploy capital primarily in income-generating real assets that are supported by long-term recurring cash flows.
$36.32
-$0.22 (-0.60%)
EOD Oct 23, 2026
Revenue growth slowed to 1.5% in the fiscal year ended Dec 2025, essentially flat.
At 62.62x earnings, the multiple leaves limited room for execution misses or growth deceleration.
62.62x earnings, 22.38x FCF. The market is pricing in years of above-average growth, so a slowdown would hit the multiple as well as the earnings.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$457M
▲ +1.5% YoY
Net Income (TTM)
$86M
▼ -7.7% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$209M
▲ +2759.1% YoY
Op. Cash Flow (TTM)
$209M
▲ +2759.1% YoY
Net Debt
$155M
Cash & Equiv.
$250M
5Y CAGR: +15.8%
5Y CAGR: +18.0%
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SourceComputed from the 10-Q filed 4 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Price from market data, last close as of 23 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Hannon Armstrong Sustainable Infrastructure Capital (HASI) overvalued?
At a P/E of 62.6 and a price-to-free-cash-flow of 22.4, Hannon Armstrong Sustainable Infrastructure Capital (HASI) trades below a two-stage DCF intrinsic value of about $72.59 per share, so at $36.32 the stock looks undervalued (99.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Hannon Armstrong Sustainable Infrastructure Capital scores 52/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Hannon Armstrong Sustainable Infrastructure Capital's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $72.59 per share for HASI, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $54.44. At today's $36.32, that puts the stock about 99.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Hannon Armstrong Sustainable Infrastructure Capital a high-quality business?+
Hannon Armstrong Sustainable Infrastructure Capital scores 52 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a mixed business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Hannon Armstrong Sustainable Infrastructure Capital (HASI) pay a dividend, and how much?+
Yes, Hannon Armstrong Sustainable Infrastructure Capital pays a regular dividend of about $1.54 per share per year (typically in quarterly installments), a yield of roughly 4.7% at the current price. That is a payout ratio of about 255.4% of earnings, so the dividend is stretched at this level. Hannon Armstrong Sustainable Infrastructure Capital has grown the dividend at roughly 16.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HASI's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Hannon Armstrong Sustainable Infrastructure Capital a good stock to buy right now?+
That depends on valuation and quality together, not either alone. HASI currently trades below its estimated intrinsic value and scores 52/100 on quality (mixed). It also yields about 4.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Investors, NEC
Spot a number that looks wrong? Check it in HASI's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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