HASIHA Sustainable Infrastructure Capital, Inc.
Investors, NEC
- Revenue
- $401M
- 4.4% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $4.8B
- Employees
- 178
- $2M revenue each
- Net debt / EBITDA
- —
- −$82M net debt
- AI in 10-K
- 2.3
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo91% of net incomeCash flow under 80% of net income
- Dilutive SBCNo7% of revenueOver 10% of revenue
- Payouts exceed cash flowYes125% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$2M · 71st pctBottom quartile of its SIC industry
- Quiet on AINo2.3 per 10K words · 60th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$4.8B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$5M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $213M | $240M | $320M | $384M | $401M | 4.4% |
| Net income | $127M | $42M | $149M | $200M | $185M | 7.7% |
| Operating cash flow | $13M | $230K | $100M | $6M | $167M | 2759% |
| Stock-based comp | $17M | $20M | $20M | $26M | $30M | 17% |
| Dividends | $114M | $132M | $160M | $192M | $210M | 9.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $5M · 2
- Net
- −$5M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 63 | 42 |
| FY2024 | — | — | 106 | 81 |
| FY2023 | — | — | 103 | 111 |
| FY2022 | — | — | 101 | 101 |
| FY2021 | — | — | 177 | 134 |