Loading...

We've got a brand new version of Simply Wall St! Try it out

Atlantica Yield

Nasdaq:AY
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AY
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
AY Share Price and Events
7 Day Returns
4.8%
NasdaqGS:AY
1.9%
US Renewable Energy
0.5%
US Market
1 Year Returns
30.1%
NasdaqGS:AY
19.9%
US Renewable Energy
12.8%
US Market
AY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atlantica Yield (AY) 4.8% 4.4% 6.9% 30.1% 40.7% -12.3%
US Renewable Energy 1.9% 2.7% 12.1% 19.9% 51.9% -0.9%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • AY outperformed the Renewable Energy industry which returned 19.9% over the past year.
  • AY outperformed the Market in United States of America which returned 12.8% over the past year.
Price Volatility
AY
Industry
5yr Volatility vs Market

AY Value

 Is Atlantica Yield undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Atlantica Yield to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Atlantica Yield.

NasdaqGS:AY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:AY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.459 (1 + (1- 19%) (235.52%))
1.225
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.225 * 6.65%)
10.88%

Discounted Cash Flow Calculation for NasdaqGS:AY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Atlantica Yield is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:AY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.88%)
2020 414.92 Est @ -1.49% 374.22
2021 414.01 Est @ -0.22% 336.76
2022 416.76 Est @ 0.66% 305.74
2023 422.11 Est @ 1.28% 279.29
2024 429.36 Est @ 1.72% 256.21
2025 438.04 Est @ 2.02% 235.75
2026 447.82 Est @ 2.23% 217.37
2027 458.49 Est @ 2.38% 200.72
2028 469.90 Est @ 2.49% 185.53
2029 481.93 Est @ 2.56% 171.61
Present value of next 10 years cash flows $2,563.00
NasdaqGS:AY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $481.93 × (1 + 2.73%) ÷ (10.88% – 2.73%)
$6,076.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,076.50 ÷ (1 + 10.88%)10
$2,163.81
NasdaqGS:AY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,563.00 + $2,163.81
$4,726.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,726.81 / 101.60
$46.52
NasdaqGS:AY Discount to Share Price
Calculation Result
Value per share (USD) From above. $46.52
Current discount Discount to share price of $25.19
= -1 x ($25.19 - $46.52) / $46.52
45.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Atlantica Yield is available for.
Intrinsic value
46%
Share price is $25.19 vs Future cash flow value of $46.52
Current Discount Checks
For Atlantica Yield to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atlantica Yield's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Atlantica Yield's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Atlantica Yield's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atlantica Yield's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.18
NasdaqGS:AY Share Price ** NasdaqGS (2019-11-13) in USD $25.19
North America Renewable Energy Industry PE Ratio Median Figure of 12 Publicly-Listed Renewable Energy Companies 25.22x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Atlantica Yield.

NasdaqGS:AY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AY Share Price ÷ EPS (both in USD)

= 25.19 ÷ -0.18

-140.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atlantica Yield is loss making, we can't compare its value to the North America Renewable Energy industry average.
  • Atlantica Yield is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Atlantica Yield's expected growth come at a high price?
Raw Data
NasdaqGS:AY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -140.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
32.6%per year
North America Renewable Energy Industry PEG Ratio Median Figure of 10 Publicly-Listed Renewable Energy Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Atlantica Yield, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Atlantica Yield's assets?
Raw Data
NasdaqGS:AY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $14.70
NasdaqGS:AY Share Price * NasdaqGS (2019-11-13) in USD $25.19
United States of America Renewable Energy Industry PB Ratio Median Figure of 15 Publicly-Listed Renewable Energy Companies 1.52x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqGS:AY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AY Share Price ÷ Book Value per Share (both in USD)

= 25.19 ÷ 14.70

1.71x

* Primary Listing of Atlantica Yield.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atlantica Yield is overvalued based on assets compared to the US Renewable Energy industry average.
X
Value checks
We assess Atlantica Yield's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Renewable Energy industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Renewable Energy industry average (and greater than 0)? (1 check)
  5. Atlantica Yield has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AY Future Performance

 How is Atlantica Yield expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atlantica Yield expected to grow at an attractive rate?
  • Atlantica Yield's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Atlantica Yield's earnings growth is expected to exceed the United States of America market average.
  • Atlantica Yield's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AY Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:AY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 32.6%
NasdaqGS:AY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.4%
United States of America Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 23.1%
United States of America Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:AY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:AY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,520 544 170 1
2022-12-31 1,443 599 149 1
2021-12-31 1,349 579 148 2
2020-12-31 1,197 524 118 3
2019-12-31 1,066 468 59 1
2019-11-14
NasdaqGS:AY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,030 384 -18
2019-06-30 1,059 387 -9
2019-03-31 1,062 367 37
2018-12-31 1,068 401 42
2018-09-30 1,108 397 -34
2018-06-30 1,065 445 -57
2018-03-31 1,070 430 -105
2017-12-31 1,030 386 -112
2017-09-30 999 360 28
2017-06-30 1,003 321 31
2017-03-31 970 336 9
2016-12-31 978 334 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atlantica Yield's earnings are expected to grow significantly at over 20% yearly.
  • Atlantica Yield's revenue is expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:AY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Atlantica Yield Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.49 1.49 1.49 1.00
2022-12-31 1.40 1.40 1.40 1.00
2021-12-31 1.51 1.83 1.11 3.00
2020-12-31 1.13 1.49 0.86 4.00
2019-12-31 0.54 0.67 0.45 3.00
2019-11-14
NasdaqGS:AY Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.18
2019-06-30 -0.09
2019-03-31 0.37
2018-12-31 0.42
2018-09-30 -0.34
2018-06-30 -0.57
2018-03-31 -1.05
2017-12-31 -1.12
2017-09-30 0.28
2017-06-30 0.31
2017-03-31 0.09
2016-12-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Atlantica Yield is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Atlantica Yield's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Atlantica Yield has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AY Past Performance

  How has Atlantica Yield performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Atlantica Yield's growth in the last year to its industry (Renewable Energy).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Atlantica Yield does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Atlantica Yield's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Atlantica Yield's 1-year growth to the North America Renewable Energy industry average as it is not currently profitable.
Earnings and Revenue History
Atlantica Yield's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Atlantica Yield Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,029.89 -18.08 19.61
2019-06-30 1,058.63 -8.80 15.59
2019-03-31 1,062.28 37.40 15.35
2018-12-31 1,068.00 41.60 15.13
2018-09-30 1,108.27 -33.87 21.40
2018-06-30 1,065.37 -57.07 20.91
2018-03-31 1,070.09 -104.80 19.87
2017-12-31 1,029.52 -111.80 18.85
2017-09-30 998.85 28.07 17.39
2017-06-30 1,003.32 31.12 17.15
2017-03-31 970.02 9.38 16.56
2016-12-31 978.25 -4.86 14.74
2016-09-30 978.62 -224.54 13.57
2016-06-30 949.69 -231.69 9.90
2016-03-31 879.15 -220.46 7.53
2015-12-31 791.88 -209.01 5.85
2015-09-30 635.38 7.42 2.68
2015-06-30 467.24 24.18 1.66
2015-03-31 412.86 8.97 0.53
2014-12-31 368.78 -3.38 1.66
2014-09-30 71.50 -10.71 1.87
2014-06-30 97.91 -50.82 2.69
2014-03-31 525.31 -25.41 3.58
2013-12-31 215.72 -3.42 2.45
2012-12-31 108.94 1.34 1.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Atlantica Yield has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Atlantica Yield used its assets less efficiently than the North America Renewable Energy industry average last year based on Return on Assets.
  • It is difficult to establish if Atlantica Yield improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Atlantica Yield's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Renewable Energy industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Atlantica Yield has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AY Health

 How is Atlantica Yield's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Atlantica Yield's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atlantica Yield is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Atlantica Yield's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Atlantica Yield's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Atlantica Yield Company Filings, last reported 1 month ago.

NasdaqGS:AY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,697.05 5,974.85 824.16
2019-06-30 1,741.26 6,043.55 748.08
2019-03-31 1,665.00 6,107.47 896.16
2018-12-31 1,756.11 6,054.34 872.38
2018-09-30 1,893.23 6,123.34 981.72
2018-06-30 1,864.23 6,143.85 872.36
2018-03-31 1,895.14 6,511.45 965.11
2017-12-31 1,895.45 6,448.02 879.53
2017-09-30 2,039.38 6,645.96 928.66
2017-06-30 2,013.13 6,509.74 750.50
2017-03-31 1,940.89 6,423.53 796.45
2016-12-31 1,959.11 6,347.93 822.85
2016-09-30 1,974.05 6,756.19 815.46
2016-06-30 1,968.95 6,622.66 696.23
2016-03-31 1,986.47 6,928.76 720.24
2015-12-31 2,023.50 6,520.26 736.07
2015-09-30 2,277.97 7,296.96 827.53
2015-06-30 2,420.43 6,059.42 528.16
2015-03-31 1,838.19 4,431.55 267.44
2014-12-31 1,839.63 4,370.41 583.57
2014-09-30 1,891.43 2,626.61 265.11
2014-06-30 1,898.26 2,644.29 217.35
2014-03-31 1,485.99 3,265.46 809.68
2013-12-31 1,287.20 3,426.30 624.03
2012-12-31 1,139.81 1,723.19 97.50
  • Atlantica Yield's level of debt (352.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (139.9% vs 352.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Atlantica Yield has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Atlantica Yield has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -9.5% per year.
X
Financial health checks
We assess Atlantica Yield's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Atlantica Yield has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AY Dividends

 What is Atlantica Yield's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.51%
Current annual income from Atlantica Yield dividends. Estimated to be 7.11% next year.
If you bought $2,000 of Atlantica Yield shares you are expected to receive $130 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Atlantica Yield's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Atlantica Yield's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).
Upcoming dividend payment

Purchase Atlantica Yield before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:AY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:AY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.00 1.00
2022-12-31 1.95 1.00
2021-12-31 1.82 4.00
2020-12-31 1.73 6.00
2019-12-31 1.68 1.00
2019-11-14
NasdaqGS:AY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-07 1.640 6.646
2019-08-07 1.600 6.670
2019-05-10 1.560 6.960
2019-02-28 1.480 7.427
2018-11-05 1.440 7.519
2018-08-06 1.360 6.688
2018-05-14 1.280 6.395
2018-03-07 1.240 6.252
2017-11-13 1.160 5.490
2017-08-04 1.040 4.931
2017-08-03 1.040 4.699
2017-05-15 1.000 4.820
2017-02-28 1.000 4.831
2017-02-27 1.000 4.591
2016-11-14 0.652 3.308
2016-08-05 0.580 3.111
2016-05-13 0.580 3.127
2016-03-01 0.000 0.000
2016-02-29 0.000 0.000
2015-07-30 1.600 8.757
2015-02-23 1.037 3.067
2015-01-16 1.040 3.102
2015-01-12 1.040 3.366
2014-12-11 1.040 3.913
2014-11-14 1.040 3.724

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atlantica Yield has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Atlantica Yield only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Atlantica Yield's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess Atlantica Yield's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Atlantica Yield afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atlantica Yield has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AY Management

 What is the CEO of Atlantica Yield's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Santiago Seage Medela
COMPENSATION $2,511,100
AGE 50
TENURE AS CEO 3.5 years
CEO Bio

Mr. Santiago Seage Medela serves as the Chairman and Chief Executive Officer of Abengoa Solar Australia Pty Limited and Abengoa Solar, S.A. Mr. Medela has been the Chief Executive Officer of Atlantica Yield plc (formerly Known as Abengoa Yield plc) since May 11, 2016 and as its Director since December 19, 2018. He served as Managing Director of Atlantica Yield plc since November 25, 2015 until May 19, 2016 and also as its Director since 2014. He served as the Chief Executive Officer at Abengoa SA from May 2015 and as its First Vice Chairman from July 27, 2015 to November 27, 2015. He served as Concessiones Executive Vice President of Abengoa SA. Mr. Medela served as Chief Executive Officer at Abengoa Yield plc (Atlantica Yield plc) from December 17, 2013 to May 18, 2015. He served as an Executive Vice President of Solar at Abengoa SA since 2006 and also served as its Director of Solar Business Group. He serves as the President of Santiago Seage at Abengoa SA. He served as the Chairman and Chief Executive Officer of Solar Business Unit at Abengoa SA. He served as Corporate Strategy & Development Director of Abengoa SA until December 31, 2008. He served as the Chairman of the Board at Abengoa Yield plc from May 18, 2015 to November 25, 2015. He serves as a Director of Abengoa Bioenergy Corporation and Abengoa Bioenergy of Indiana, LLC. He served as a Director at Abengoa SA until November 27, 2015. He served as a Director of Soitec Solar GmbH. Mr. Medela holds a degree in Business Management from ICADE University in Madrid.

CEO Compensation
  • Santiago's compensation has increased whilst company is loss making.
  • Santiago's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Atlantica Yield management team in years:

4.6
Average Tenure
48
Average Age
  • The tenure for the Atlantica Yield management team is about average.
Management Team

Santiago Seage Medela

TITLE
CEO & Director
COMPENSATION
$3M
AGE
50
TENURE
3.5 yrs

Francisco Martinez-Davis

TITLE
Chief Financial Officer
COMPENSATION
$85K
AGE
56
TENURE
3.8 yrs

Leire Pérez

TITLE
Director
TENURE
5.3 yrs

Irene Hernandez

TITLE
Chief of Compliance
AGE
39
TENURE
5.4 yrs

Stevens Moore

TITLE
Vice President of Strategy & Corporate Development
AGE
46

Marta Jorge

TITLE
Director of Strategic Projects
Board of Directors Tenure

Average tenure and age of the Atlantica Yield board of directors in years:

2.4
Average Tenure
63
Average Age
  • The average tenure for the Atlantica Yield board of directors is less than 3 years, this suggests a new board.
Board of Directors

Daniel Villalba

TITLE
Independent Chairman of the Board
COMPENSATION
$160K
AGE
72
TENURE
4 yrs

Santiago Seage Medela

TITLE
CEO & Director
COMPENSATION
$3M
AGE
50
TENURE
0.9 yrs

Jack Robinson

TITLE
Independent Non-Executive Director
COMPENSATION
$118K
AGE
77
TENURE
5.4 yrs

Robert Dove

TITLE
Independent Non-Executive Director
COMPENSATION
$118K
AGE
65
TENURE
2.4 yrs

Francisco Martinez

TITLE
Independent Non-Executive Director
COMPENSATION
$120K
AGE
61
TENURE
2.4 yrs

Andrea Brentan

TITLE
Independent Non-Executive Director
COMPENSATION
$114K
AGE
70
TENURE
2.4 yrs

Ian Robertson

TITLE
Director
AGE
60
TENURE
1.7 yrs

Chris Jarratt

TITLE
Director
AGE
61
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Atlantica Yield's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Atlantica Yield has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AY News

Simply Wall St News

Is It The Right Time To Buy Atlantica Yield plc (NASDAQ:AY)?

Atlantica Yield plc (NASDAQ:AY), a renewable energy company based in United Kingdom,. … Let’s take a look at Atlantica Yield’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change … Check out our latest analysis for Atlantica Yield

Simply Wall St -

Atlantica Yield plc (NASDAQ:AY): What You Have To Know Before Buying For The Upcoming Dividend

Important news for shareholders and potential investors in Atlantica Yield plc (NASDAQ:AY): The dividend payment of $0.32 per share will be distributed into shareholder on 15 June 2018, and the stock will begin trading ex-dividend at an earlier date, 30 May 2018. … See our latest analysis for Atlantica Yield 5 questions to ask before buying a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … Next Steps: After digging a little deeper into Atlantica Yield's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

Simply Wall St -

Atlantica Yield plc (NASDAQ:AY): Ex-Dividend Is In 3 Days, Should You Buy?

Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Atlantica Yield's latest financial data to analyse its dividend attributes. … See our latest analysis for Atlantica Yield How I analyze a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it the top 25% annual dividend yield payer? … Atlantica Yield has a negative payout ratio, which means that it is loss-making, and paying its dividend from its retained earnings.

Simply Wall St -

AY Company Info

Description

Atlantica Yield plc acquires, owns, and manages renewable energy, natural gas power, electric transmission lines, and water assets in the United States, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. As of December 31, 2018, it had 24 assets, including 1,496 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,152 miles of electric transmission lines; and water desalination plants with an aggregate capacity of 10.5 million cubic feet per day. The company was formerly known as Abengoa Yield plc and changed its name to Atlantica Yield plc in May 2016. Atlantica Yield plc was founded in 2013 and is based in Brentford, the United Kingdom.

Details
Name: Atlantica Yield plc
AY
Exchange: NasdaqGS
Founded: 2013
$2,559,345,865
101,601,662
Website: http://www.atlanticayield.com
Address: Atlantica Yield plc
Great West House,
GW1, 17th Floor,
Brentford,
Greater London, TW8 9DF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AY Ordinary Shares Nasdaq Global Select US USD 13. Jun 2014
DB AY3 Ordinary Shares Deutsche Boerse AG DE EUR 13. Jun 2014
Number of employees
Current staff
Staff numbers
217
Atlantica Yield employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 00:24
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.