Atlantica Sustainable Infrastructure plc's (NASDAQ:AY) P/S Is Still On The Mark Following 26% Share Price Bounce

Simply Wall St.05-12

The Atlantica Sustainable Infrastructure plc (NASDAQ:AY) share price has done very well over the last month, posting an excellent gain of 26%. Not all shareholders will be feeling jubilant, since ...

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Not all shareholders will be feeling jubilant, since ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/utilities/nasdaq-ay/atlantica-sustainable-infrastructure/news/atlantica-sustainable-infrastructure-plcs-nasdaqay-ps-is-sti\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Atlantica Sustainable Infrastructure plc's (NASDAQ:AY) P/S Is Still On The Mark Following 26% Share Price Bounce</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAtlantica Sustainable Infrastructure plc's (NASDAQ:AY) P/S Is Still On The Mark Following 26% Share Price Bounce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-12 22:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/utilities/nasdaq-ay/atlantica-sustainable-infrastructure/news/atlantica-sustainable-infrastructure-plcs-nasdaqay-ps-is-sti><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Atlantica Sustainable Infrastructure plc (NASDAQ:AY) share price has done very well over the last month, posting an excellent gain of 26%.    Not all shareholders will be feeling jubilant, since ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/utilities/nasdaq-ay/atlantica-sustainable-infrastructure/news/atlantica-sustainable-infrastructure-plcs-nasdaqay-ps-is-sti\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4133","symbol_name":"新能源发电业者","start_time":0,"source_url":"https://simplywall.st/stocks/us/utilities/nasdaq-ay/atlantica-sustainable-infrastructure/news/atlantica-sustainable-infrastructure-plcs-nasdaqay-ps-is-sti","article_id":"2435896350","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9621063-choice2-main-header/1585186854995"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435896350","pubTimestamp":1715525585,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"The Atlantica Sustainable Infrastructure plc ( NASDAQ:AY ) share price has done very well over the last month, posting...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4133":"新能源发电业者","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","QLD":"纳指两倍做多ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","AY":"Atlantica Yield PLC","NDAQ":"纳斯达克OMX交易所","BK4588":"碎股","PSQ":"纳指反向ETF","BK4112":"金融交易所和数据","QQQ":"纳指100ETF","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF","QID":"纳指两倍做空ETF"},"translate_title":"Atlantica Sustainable Infrastructure plc（纳斯达克：AY）的市盈率在股价反弹26%后仍保持在预期水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AY":1,".IXIC":1,"NDAQ":1,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"The Atlantica Sustainable Infrastructure plc (NASDAQ:AY) share price has done very well over the last month, posting an excellent gain of 26%.    Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 13% in the last twelve months.    Even after such a large jump in price, there still wouldn't be many who think Atlantica Sustainable Infrastructure's price-to-sales (or \"P/S\") ratio of 2.4x is worth a mention when it essentially matches the median P/S in the United States' Renewable Energy industry.  Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.      See our latest analysis for Atlantica Sustainable Infrastructure NasdaqGS:AY Price to Sales Ratio vs Industry May 12th 2024 What Does Atlantica Sustainable Infrastructure's Recent Performance Look Like?  With its revenue growth in positive territory compared to the declining revenue of most other companies, Atlantica Sustainable Infrastructure has been doing quite well of late.   One possibility is that the P/S ratio is moderate because investors think the company's revenue will be less resilient moving forward.  If not, then existing shareholders have reason to be feeling optimistic about the future direction of the share price.     If you'd like to see what analysts are forecasting going forward, you should check out our free report on Atlantica Sustainable Infrastructure.  What Are Revenue Growth Metrics Telling Us About The P/S?   In order to justify its P/S ratio, Atlantica Sustainable Infrastructure would need to produce growth that's similar to the industry.   Retrospectively, the last year delivered virtually the same number to the company's top line as the year before.   The longer-term trend has been no better as the company has no revenue growth to show for over the last three years either.  So it seems apparent to us that the company has struggled to grow revenue meaningfully over that time.     Turning to the outlook, the next three years should generate growth of 5.3%  per annum as estimated by the seven analysts watching the company.  With the industry predicted to deliver 6.8% growth  per year, the company is positioned for a comparable revenue result.  With this in mind, it makes sense that Atlantica Sustainable Infrastructure's P/S is closely matching its industry peers.  It seems most investors are expecting to see average future growth and are only willing to pay a moderate amount for the stock.    The Bottom Line On Atlantica Sustainable Infrastructure's P/S  Atlantica Sustainable Infrastructure appears to be back in favour with a solid price jump bringing its P/S back in line with other companies in the industry      Using the price-to-sales ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.  A Atlantica Sustainable Infrastructure's P/S seems about right to us given the knowledge that analysts are forecasting a revenue outlook that is similar to the Renewable Energy industry.  At this stage investors feel the potential for an improvement or deterioration in revenue isn't great enough to push P/S in a higher or lower direction.  If all things remain constant, the possibility of a drastic share price movement remains fairly remote.      Don't forget that there may be other risks. For instance, we've identified 3 warning signs for Atlantica Sustainable Infrastructure  (1 shouldn't be ignored) you should be aware of.   If you're unsure about the strength of Atlantica Sustainable Infrastructure's business, why not explore our interactive list of stocks with solid business fundamentals for some other companies you may have missed. Valuation is complex, but we're helping make it simple.Find out whether Atlantica Sustainable Infrastructure is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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