American Superconductor Corporation logo AMSC - American Superconductor Corporation

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STRONG
BUY
0
BUY 8
HOLD 6
SELL 1
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| PRICE TARGET: $52.00 DETAILS
HIGH: $68.00
LOW: $33.00
MEDIAN: $55.00
CONSENSUS: $52.00
UPSIDE: 0.31%
Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 222.8 145.6 106.0 108.4 87.1 63.8 56.2 48.4 75.2 96.0 70.5 84.1 87.4 76.5 286.6 316.0 182.8 112.4 52.2 50.9 58.3 41.3 21.0 11.7 16.8 15.1 11.3 15.1 10.6 7.1 4.3 3.9
Cost of Revenue 161.0 110.4 97.5 94.9 69.7 54.4 42.2 44.6 64.4 74.0 67.4 72.9 71.9 82.9 308.2 201.0 130.9 80.4 52.7 53.4 57.9 44.3 32.2 19.4 14.1 12.4 12.0 14.3 10.6 7.3 2.9 2.9
Gross Profit 61.9 35.3 8.5 13.5 17.5 9.4 14.0 3.8 10.8 22.0 3.1 11.3 15.5 (6.3) (21.6) 115.0 51.9 32.0 (0.5) (2.6) 0.4 (3.0) (11.2) (7.7) 2.7 2.7 (0.8) 0.8 (0.0) (0.2) 1.4 1
Operating Expenses
R&D Expenses 11.4 8.0 9.0 10.5 11.0 9.6 9.9 11.6 12.5 12.3 11.9 12.2 15.3 27.3 32.5 23.6 19.7 15.7 17.5 15.0 9.0 14.1 21.9 27.8 22.8 13.2 10.4 8.6 8.5 5.3 4.6 3.8
SG&A Expenses 43.1 31.6 28.7 27.5 25.3 22.7 22.0 22.6 25.7 28.9 29.2 37.2 49.7 72.1 72.4 50.4 37.5 28.8 17.9 11.0 11.7 8.7 16.2 16.3 14.2 6.7 6.1 4.9 4.3 3.3 2.9 2.4
Other Expenses 8.4 7.1 3.9 (3.4) 4.3 0.3 (51.9) 1.8 0.2 0.9 14.5 3.3 8.2 30.7 51.5 2.3 2.9 12.5 0.7 5.0 0 0 39.2 9.7 0 2.3 0 0.2 0.7 0 1.5 1
Operating Expenses 62.9 46.7 41.5 34.6 40.6 32.6 (20.0) 36.0 38.4 42.1 55.6 52.7 73.2 130.1 156.4 76.3 60.1 56.9 36.0 30.9 20.8 22.7 77.3 53.8 37.0 22.1 16.5 13.7 13.5 8.7 9 7.2
Operating Income
Operating Income (1.1) (11.4) (33.0) (21.1) (23.2) (23.1) 34.0 (32.2) (27.5) (20.1) (52.5) (41.4) (57.7) (136.4) (178.0) 38.7 (8.2) (24.9) (36.5) (33.5) (20.3) (25.7) (88.5) (61.6) (34.4) (19.5) (17.3) (12.9) (13.5) (8.9) (7.6) (6.2)
Interest Expense 0 0 0 0 0 0 0 0 0.4 1.0 1.9 9.7 14.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 3.7 1.3 0.3 0.1 0.4 1.3 1.1 0.1 0 0 0 0 0 0.2 0.8 0.8 2.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 12.1 (2.0) (26.5) (21.6) (14.8) (18.8) (13.6) (19.1) (20.0) (11.4) (37.6) (27.8) (36.8) (91.2) (116.7) 48.9 1.2 (7.3) (31.3) (25.6) (12.2) (18.1) (80.4) (50.4) (30.3) (17.2) (15.3) (10.6) (10.8) (7.2) (6.1) (5.2)
EBIT 5.6 (6.5) (31.9) (26.9) (20.1) (23.1) (18.2) (30.6) (27.5) (19.3) (47.2) (38.4) (49.8) (106.7) (128.0) 39.1 (7.2) (17.4) (36.0) (33.5) (20.3) (25.7) (88.5) (55.9) (34.4) (19.5) (17.3) (12.8) (12.8) (8.9) (7.6) (6.2)
Income Before Tax 2.4 (10.8) (34.8) (21.0) (23.5) (16.9) 33.1 (32.9) (26.2) (20.7) (48.8) (55.4) (66.4) (135.5) (170.3) 36.8 (7.9) (22.6) (34.8) 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax Expense (3.7) 0.3 0.2 (1.8) (0.8) 0.2 6.4 (0.2) 1.1 2.4 (0.2) 0.9 (0.3) 1.4 16.0 20.5 8.7 2.9 (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income 6.0 (11.1) (35.0) (19.2) (22.7) (17.1) 26.8 (32.8) (27.4) (23.1) (48.7) (56.3) (66.1) (136.8) (186.3) 16.2 (16.6) (25.4) (34.7) (30.9) (19.7) (26.7) (87.6) (57.0) (21.7) (17.6) (15.3) (12.4) (13.4) (7.3) (5.8) (5.4)
Per Share Data
EPS (Basic) 0.16 -0.37 -1.26 -0.71 -0.95 -0.81 1.32 -1.73 -1.98 -1.76 -5.74 -8.98 -12.46 -26.91 -39.55 3.70 -3.89 -6.50 -10.43 -9.45 -6.97 -11.05 -42.07 -27.92 -10.77 -11.12 -10.13 -10.62 -9.93 -7.71 -6.90 -6.78
EPS (Diluted) 0.16 -0.37 -1.26 -0.71 -0.95 -0.81 1.29 -1.73 -1.98 -1.76 -5.74 -8.98 -12.46 -26.91 -39.55 3.60 -3.89 -6.50 -10.43 -9.45 -6.97 -11.05 -42.07 -27.92 -10.77 -11.12 -10.13 -10.62 -9.93 -7.71 -6.90 -6.78
Shares Outstanding 37.0 29.8 27.8 27.2 23.9 21.0 20.3 18.9 13.8 13.1 8.5 6.3 5.3 5.1 4.7 4.4 4.3 3.9 3.3 3.3 2.8 2.4 2.1 2.0 2.0 1.6 1.5 1.2 1.0 0.9 0.8 0.8
Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 79.5 90.5 23.4 40.6 67.8 24.7 77.5 34.1 26.8 39.3 87.6 70.7 38.6 31.2 18.5 37.2 89.1 126.9 25.0 1.8 0.6 4.1 1.5 6.4
Short-Term Investments 0 0 0 0 5.1 30.1 0 0 0 0 60.2 39.3 40.6 15.0 0 0 0 0 0 0 0 0 0 0
Net Receivables 46.2 26.3 30.7 20.3 13.3 17.0 10.7 10.4 8.0 19.3 62.2 50.1 5.5 8.6 5.4 7.6 13.4 7.3 4.1 3.0 2.9 2.1 2.5 0.8
Inventory 71.2 41.9 37.0 23.7 13.3 19.0 12.1 19.8 17.5 18.5 35.9 35.1 6.9 4.9 5.1 13.2 14.3 9.2 5.0 3.2 1.1 0.8 0.7 0.1
Other Current Assets 9.7 7.8 15.2 2.8 2.2 0.5 3.1 2.9 0.8 0.5 1.8 1.2 0 0 0 0 0 1.9 0 0 2.4 0 0.2 0.2
Total Current Assets 206.5 166.5 106.2 94.3 105.2 94.3 103.4 67.2 55.7 83.3 263.0 212.5 92.7 60.6 30.3 58.7 117.4 144.3 34.6 8.6 4.9 7.2 4.9 7.5
Non-Current Assets
Property, Plant & Equipment 42.4 13.4 15.2 17.2 12.7 11.9 9.0 12.5 43.4 49.8 64.3 54.8 51.3 56.6 61.0 97.7 42.3 9.8 6.1 4.4 3.3 3.5 3.8 3.5
Goodwill 48.2 43.5 43.5 43.5 34.6 1.7 1.7 1.7 0 0 36.7 26.2 1.1 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 5.9 6.4 8.5 11.3 9.2 3.5 2.9 3.2 0.3 0.9 7.8 8.9 5.4 1.1 1.1 1.1 1.1 0 0 0 0 0 0.1 0.1
Long-Term Investments 1.1 0 0 0 0 5.0 0.7 2.6 0.2 0.9 7.3 (1.2) 8,360.2 6,360.0 1,561.1 31,028.7 0 0 0 0 0 0 0 0
Other Non-Current Assets 5.2 1.9 1.1 6.4 5.9 6.0 0.3 0.4 0.2 0.3 19.3 6.7 8.4 11.5 9.5 40.3 79.1 94.8 7.4 6.5 15.5 22.3 31.7 34.9
Total Non-Current Assets 104.0 66.3 69.4 79.6 63.6 29.8 15.9 21.0 44.5 52.0 137.2 96.6 66.2 69.2 71.7 139.1 122.5 104.6 13.5 10.9 18.7 25.8 35.6 38.5
Total Assets 310.5 232.8 175.6 173.9 168.9 124.1 119.3 88.2 100.2 135.3 400.2 309.1 158.9 129.9 102.0 197.8 239.9 248.9 48.1 19.6 23.6 33 40.5 46
Current Liabilities
Account Payables 6.7 4.5 13.9 13.2 5.4 10.0 2.9 3.1 3.2 5.8 33.8 23.9 3.7 11.5 9.8 20.8 8.6 6.3 4.2 3.3 4.3 1.3 1.4 1.3
Short-Term Debt 0 0.0 0.1 0.1 0 0 0 0 1.5 2.6 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0
Deferred Revenue 66.8 50.7 43.6 22.8 13.3 18.4 7.6 13.5 14.3 12 20.0 21.1 2.0 2.9 1.1 1.1 0 0.4 0 0.2 0 0 0 0
Other Current Liabilities 14.7 15.7 12.4 8.9 14.1 5.7 9.1 6.6 6.8 11.7 21.1 21.1 0 14,433.0 10,899.0 21,819.9 0 0 0 0 (3.6) 0.0 0.6 0.5
Total Current Liabilities 99.8 78.8 84.1 54.0 40.7 41.0 28.4 27.3 32.2 41.0 104.3 81.3 15.4 14.4 10.9 21.8 8.6 6.7 4.2 3.6 2.2 1.3 2 1.8
Non-Current Liabilities
Long-Term Debt 0 0 0.0 0.1 0 0 0 0 0 1.4 0 0 0 0 0 0 0 0 0 3.1 0 0 0 0
Deferred Tax Liabilities 1.6 0.3 0.2 0.3 0.3 0.2 1.7 0.1 0.1 0.1 1.2 0.8 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.4 0.2 0 0 3.2 3.8 3.8 1.3 0 0 0 (0.0) 0 0
Total Non-Current Liabilities 13.6 9.4 9.7 10.5 11.5 10.9 9.8 8.6 7.8 10.8 14.9 5.9 0 0 3.2 3.8 3.8 1.3 0 3.1 0 0 0 0
Total Liabilities 113.4 88.2 93.8 64.5 52.3 51.9 38.1 35.9 40.0 51.8 119.2 87.2 15.4 14.4 14.2 25.6 12.4 8.0 4.2 6.7 2.2 1.3 2 1.8
Stockholders' Equity
Common Stock 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.2 0.1 0.1 0.4 0.4 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0 0 0
Retained Earnings (1,060.6) (1,066.7) (1,055.5) (1,020.5) (1,001.3) (978.6) (961.5) (988.3) (955.6) (928.2) (410.9) (427.1) (319.5) (299.8) (273.1) (185.5) (128.5) (106.8) (89.2) (73.9) (42.1) (31.7) (24.4) (18.6)
Accumulated Other Comprehensive Income 1.6 1.6 1.6 (0.3) (0.3) (0.2) (0.0) 0.9 (0.5) 0.7 (7.0) (4.5) (0.9) (0.7) (0.3) (0.3) 0.0 (1.3) (1.0) (1.3) (0.7) (5.6) (4.1) (2.7)
Total Stockholders' Equity 197.1 144.6 81.8 109.4 116.6 72.2 81.2 52.2 60.2 83.5 281.0 221.9 143.5 115.5 87.8 172.2 227.6 240.9 44.0 12.9 21.4 31.7 38.5 44.2
Total Liabilities & Equity 310.5 232.8 175.6 173.9 168.9 124.1 119.3 88.2 100.2 135.3 400.2 309.1 158.9 129.9 102.0 197.8 239.9 248.9 48.1 19.6 23.6 33 40.5 46
Debt Metrics
Total Debt 3.4 2.7 3.1 3.8 3.9 3.4 0 0 1.5 4.0 0 0 0 0 0 0 0 0 0 3.2 0 0 0 0
Net Debt (76.1) (87.8) (20.3) (36.8) (64.0) (21.3) (77.5) (34.1) (25.3) (35.3) (87.6) (70.7) (38.6) (31.2) (18.5) (37.2) (89.1) (126.9) (25.0) 1.3 (0.6) (4.1) (1.5) (6.4)
Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 6.0 (11.1) (35.0) (19.2) (22.7) (17.1) 26.8 (32.8) (27.4) (23.1) (30.9) (19.7) (26.7) (87.6) (57.0) (21.7) (17.6) (15.3) (12.4) (10.4) (7.3) (5.8) (5.4)
Depreciation & Amortization 6.5 4.5 5.4 5.3 5.4 4.3 4.6 11.5 7.5 8.0 7.9 8.2 7.6 8.1 5.5 4.1 2.3 1.9 2.1 1.7 1.6 1.5 1
Stock-Based Compensation 7.8 4.7 4.7 4.7 3.5 1.9 3.0 2.7 2.9 3.2 424.4 0 262.1 14.8 106.1 0 0 0 0 0 0 0 0
Change in Working Capital 4.5 (2.9) (1.4) (3.7) 1.0 (0.2) 4.2 (5.6) 6.5 4.3 (3.8) 1.9 1.0 (6.8) 15.3 (9.5) (5.7) (2.2) (5.2) (0.5) (0.4) (2.1) (0.6)
Other Non-Cash Items 7.7 6.9 3.8 (3.7) 5.4 (3.7) (0.3) 0.8 (0.8) 1.8 0.4 0.3 0.7 46.7 9.7 0.7 0.6 0.5 0.6 0.3 0.1 (0.1) (0.1)
Operating Cash Flow 28.3 2.1 (22.5) (19.0) (8.7) (16.5) 42.7 (24.8) (11.2) (4.6) (19.6) (9.3) (17.4) (39.6) (26.5) (26.4) (20.4) (15.1) (14.9) (8.9) (6) (6.4) (5)
Investing Activities
Capital Expenditure (2.4) (0.9) (1.2) (0.9) (1.8) (3.6) (1.0) (2.5) (0.7) (1.2) (3.0) (1.5) (2.0) (7.8) (63.1) (35.9) (5.9) (3.6) (2.9) (1.4) (1.3) (1.7) (2.8)
Acquisitions (32.9) 0 0 (11.5) (26) 3.0 3.3 0.1 0.4 3.1 0.0 0.1 0.1 0 0 (0.8) 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 (35) (3.3) 15.7 0 0 (88.9) (79.4) (21.2) (0.8) 0 0 (85.3) (0.4) (3) 0 0 0 0
Sales/Maturities of Investments 0 0 0 5.2 30.2 0 0.1 1.2 0.3 3.1 107.5 51.7 1.4 30.1 39.5 21.5 0 0 12.5 6.7 9.9 3.1 12.3
Other Investing Activities 0.1 (0.0) (0.3) 0.1 0.1 0.0 3.0 1.9 0.5 3.0 (0.8) (1.7) (1.6) (1.0) (3.2) (1.9) (0.6) (0.4) (0.3) (0.0) 0 0 (29.8)
Investing Cash Flow (35.2) (1.0) (1.5) (7.2) 2.5 (36.6) 2.2 16.4 0.2 4.9 14.8 (30.8) (23.3) 20.6 (26.8) (17.0) (91.8) (4.5) 6.3 5.3 8.6 1.4 (20.3)
Financing Activities
Net Debt Issuance (0.0) (0.1) (0.1) (0.1) 0 0 0 (1.6) (3.2) (4) 0 0 0 0 0 0 0 (3.2) (0.6) (0.1) 0 0 0
Stock Repurchased (0.1) 0 0 (0.0) (0.9) 0 (0.5) 0 (0.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0.2 0.3 0 0.2 0.3 (0.6) (0.3) (0.1) 2.0 (0.1) (0.1) 0 53,447.6 0 1,405.8 0 0 0 0 0 0.0 0 0
Financing Cash Flow 0.0 65.4 0.2 0.1 50.8 5.8 (0.3) 15.3 (1.1) 18.2 1.4 47.4 53.5 0.4 1.4 5.6 214.1 42.7 9.9 0.1 0 0.5 27.3
Cash Position
Net Change in Cash (6.9) 66.6 (23.8) (26.1) 44.7 (52.3) 43.9 7.3 (12.5) 18.8 (3.4) 7.4 12.8 (18.7) (51.9) (37.9) 101.9 23.1 1.3 (3.5) 2.6 0.5 27.3
Cash at Beginning 92.3 25.7 49.5 75.5 30.9 77.5 34.2 26.8 39.3 20.5 38.6 31.2 18.5 37.2 89.1 126.9 25.0 1.8 0.6 4.1 1.5 5.9 4.3
Cash at End 85.4 92.3 25.7 49.5 75.5 25.2 78.2 34.1 26.8 39.3 35.2 38.6 31.2 18.5 37.2 89.1 126.9 25.0 1.8 0.6 4.1 6.4 31.6
Free Cash Flow 25.9 1.2 (23.7) (19.9) (10.4) (20.1) 41.8 (27.4) (11.9) (5.8) (22.6) (10.7) (19.4) (47.4) (89.6) (62.3) (26.3) (18.7) (17.8) (10.3) (7.3) (8.1) (7.8)
Key Metrics 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 222.8 145.6 106.0 108.4 87.1 63.8 56.2 48.4 75.2 96.0 70.5 84.1 87.4 76.5 286.6 316.0 182.8 112.4 52.2 50.9 58.3 41.3 21.0 11.7 16.8 15.1 11.3 15.1 10.6 7.1 4.3 3.9
Gross Profit 61.9 35.3 8.5 13.5 17.5 9.4 14.0 3.8 10.8 22.0 3.1 11.3 15.5 (6.3) (21.6) 115.0 51.9 32.0 (0.5) (2.6) 0.4 (3.0) (11.2) (7.7) 2.7 2.7 (0.8) 0.8 (0.0) (0.2) 1.4 1
Operating Income (1.1) (11.4) (33.0) (21.1) (23.2) (23.1) 34.0 (32.2) (27.5) (20.1) (52.5) (41.4) (57.7) (136.4) (178.0) 38.7 (8.2) (24.9) (36.5) (33.5) (20.3) (25.7) (88.5) (61.6) (34.4) (19.5) (17.3) (12.9) (13.5) (8.9) (7.6) (6.2)
Net Income 6.0 (11.1) (35.0) (19.2) (22.7) (17.1) 26.8 (32.8) (27.4) (23.1) (48.7) (56.3) (66.1) (136.8) (186.3) 16.2 (16.6) (25.4) (34.7) (30.9) (19.7) (26.7) (87.6) (57.0) (21.7) (17.6) (15.3) (12.4) (13.4) (7.3) (5.8) (5.4)
EPS (Diluted) 0.16 -0.37 -1.26 -0.71 -0.95 -0.81 1.29 -1.73 -1.98 -1.76 -5.74 -8.98 -12.46 -26.91 -39.55 3.60 -3.89 -6.50 -10.43 -9.45 -6.97 -11.05 -42.07 -27.92 -10.77 -11.12 -10.13 -10.62 -9.93 -7.71 -6.90 -6.78
Balance Sheet
Cash & Equivalents 79.5 90.5 23.4 40.6 67.8 24.7 77.5 34.1 26.8 39.3 87.6 70.7 38.6 31.2 18.5 37.2 89.1 126.9 25.0 1.8 0.6 4.1 1.5 6.4
Total Assets 310.5 232.8 175.6 173.9 168.9 124.1 119.3 88.2 100.2 135.3 400.2 309.1 158.9 129.9 102.0 197.8 239.9 248.9 48.1 19.6 23.6 33 40.5 46
Total Debt 3.4 2.7 3.1 3.8 3.9 3.4 0 0 1.5 4.0 0 0 0 0 0 0 0 0 0 3.2 0 0 0 0
Stockholders' Equity 197.1 144.6 81.8 109.4 116.6 72.2 81.2 52.2 60.2 83.5 281.0 221.9 143.5 115.5 87.8 172.2 227.6 240.9 44.0 12.9 21.4 31.7 38.5 44.2
Cash Flow
Operating Cash Flow 28.3 2.1 (22.5) (19.0) (8.7) (16.5) 42.7 (24.8) (11.2) (4.6) (19.6) (9.3) (17.4) (39.6) (26.5) (26.4) (20.4) (15.1) (14.9) (8.9) (6) (6.4) (5)
Capital Expenditure (2.4) (0.9) (1.2) (0.9) (1.8) (3.6) (1.0) (2.5) (0.7) (1.2) (3.0) (1.5) (2.0) (7.8) (63.1) (35.9) (5.9) (3.6) (2.9) (1.4) (1.3) (1.7) (2.8)
Free Cash Flow 25.9 1.2 (23.7) (19.9) (10.4) (20.1) 41.8 (27.4) (11.9) (5.8) (22.6) (10.7) (19.4) (47.4) (89.6) (62.3) (26.3) (18.7) (17.8) (10.3) (7.3) (8.1) (7.8)