FTC SOLAR, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.52 USD | +10.17% |
|
+2.85% | -24.94% |
| May. 15 | FTC Solar, Inc. Announces New Sales and Leadership Appointments | CI |
| May. 13 | Piper Sandler Trims FTC Solar Price Target to $0.40 From $0.50, Maintains Neutral Rating | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 642.5 | 276.8 | 86.6 | 65.51 | - | - |
| Enterprise Value (EV) 1 | 540.3 | 232.4 | 61.37 | 78.83 | 40.86 | 10.99 |
| P/E ratio | -6.1 x | -2.73 x | -1.57 x | -2.45 x | -10.8 x | 4.33 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.37 x | 2.25 x | 0.68 x | 0.52 x | 0.27 x | 0.17 x |
| EV / Revenue | 2 x | 1.89 x | 0.48 x | 0.63 x | 0.17 x | 0.03 x |
| EV / EBITDA | -9.67 x | -3.5 x | -1.8 x | -2.94 x | 9.76 x | 0.42 x |
| EV / FCF | -4.04 x | -4.19 x | -1.15 x | -7.92 x | -5.73 x | - |
| FCF Yield | -24.8% | -23.9% | -87.1% | -12.6% | -17.4% | - |
| Price to Book | 4.9 x | 4.24 x | 1.39 x | 1.57 x | 1.36 x | 0.83 x |
| Nbr of stocks (in thousands) | 84,985 | 103,285 | 125,006 | 125,979 | - | - |
| Reference price 2 | 7.560 | 2.680 | 0.6928 | 0.5200 | 0.5200 | 0.5200 |
| Announcement Date | 3/15/22 | 2/28/23 | 3/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 187.4 | 270.5 | 123.1 | 127 | 125.1 | 242.1 | 375.2 |
| EBITDA 1 | - | -55.86 | -66.42 | -34.15 | -26.79 | 4.188 | 26.43 |
| EBIT 1 | - | -56.02 | -99.57 | -50.78 | -39.17 | -9.463 | 9.928 |
| Operating Margin | - | -20.71% | -80.91% | -39.98% | -31.3% | -3.91% | 2.65% |
| Earnings before Tax (EBT) 1 | - | -106.4 | -99.18 | -50.63 | -28.76 | -7.203 | 9.654 |
| Net income 1 | -15.92 | -106.6 | -99.61 | -50.29 | -26.26 | -6.448 | 7.724 |
| Net margin | -8.5% | -39.4% | -80.94% | -39.6% | -20.99% | -2.66% | 2.06% |
| EPS 2 | -0.2315 | -1.240 | -0.9800 | -0.4400 | -0.2123 | -0.0480 | 0.1200 |
| Free Cash Flow 1 | - | -133.9 | -55.5 | -53.47 | -9.948 | -7.126 | - |
| FCF margin | - | -49.49% | -45.09% | -42.1% | -7.95% | -2.94% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/10/21 | 3/15/22 | 2/28/23 | 3/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 101.7 | 49.55 | 30.72 | 16.57 | 26.22 | 40.89 | 32.36 | 30.55 | 23.2 | 12.59 | 13.04 | 41.24 | 58.51 | 42.1 | 52.92 |
| EBITDA 1 | -16.36 | -19.96 | -17.74 | -17.73 | -10.98 | -7.152 | -7.239 | -9.706 | -10.05 | -10.66 | -10.99 | -4.748 | -0.6451 | -3.557 | -0.5397 |
| EBIT 1 | -16.49 | -27.78 | -25.24 | -26.69 | -19.86 | -12.4 | -10.37 | -16.28 | -11.74 | -12.5 | -13.76 | -8.114 | -4.559 | -8.46 | -3.473 |
| Operating Margin | -16.21% | -56.06% | -82.16% | -161.08% | -75.75% | -30.31% | -32.04% | -53.28% | -50.58% | -99.32% | -105.53% | -19.68% | -7.79% | -20.1% | -6.56% |
| Earnings before Tax (EBT) 1 | -23.85 | -27.72 | -25.59 | -25.79 | -20.08 | -11.63 | -10.54 | -16.77 | -11.69 | -8.782 | -13.12 | -5.586 | -1.696 | -8.319 | -1.941 |
| Net income 1 | -23.88 | -27.79 | -25.68 | -25.64 | -20.5 | -11.76 | -10.41 | -16.94 | -11.18 | -8.771 | -12.02 | -4.51 | -1.16 | -6.216 | -1.955 |
| Net margin | -23.48% | -56.09% | -83.6% | -154.69% | -78.19% | -28.76% | -32.18% | -55.44% | -48.17% | -69.68% | -92.19% | -10.94% | -1.98% | -14.77% | -3.7% |
| EPS 2 | -0.2500 | -0.2800 | -0.2600 | -0.2500 | -0.2000 | -0.1100 | -0.0900 | -0.1400 | -0.0900 | -0.0700 | -0.0959 | -0.0414 | -0.0120 | -0.0416 | -0.0213 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/15/22 | 5/10/22 | 8/9/22 | 11/9/22 | 2/28/23 | 5/10/23 | 8/9/23 | 11/8/23 | 3/13/24 | 5/10/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 13.3 | - | - |
| Net Cash position 1 | - | 102 | 44.4 | 25.2 | - | 24.6 | 54.5 |
| Leverage (Debt/EBITDA) | - | - | - | - | -0.4971 x | - | - |
| Free Cash Flow 1 | - | -134 | -55.5 | -53.5 | -9.95 | -7.13 | - |
| ROE (net income / shareholders' equity) | - | -75.3% | -64.7% | -53% | -46.9% | -48.7% | 46.5% |
| ROA (Net income/ Total Assets) | - | -36% | -35.9% | -26.6% | -37.3% | -24.2% | - |
| Assets 1 | - | 296 | 277.4 | 189.4 | 70.41 | 26.65 | - |
| Book Value Per Share 2 | - | 1.540 | 0.6300 | 0.5000 | 0.3300 | 0.3800 | 0.6300 |
| Cash Flow per Share 2 | - | -1.540 | -0.5400 | -0.4600 | -0.1300 | 0.1000 | - |
| Capex 1 | - | 1.03 | 0.99 | 0.82 | 1.02 | 0.87 | 0.8 |
| Capex / Sales | - | 0.38% | 0.8% | 0.64% | 0.82% | 0.36% | 0.21% |
| Announcement Date | 3/10/21 | 3/15/22 | 2/28/23 | 3/13/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
0.52
USD
Average target price
0.9786
USD
Spread / Average Target
+88.19%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.94% | 65.51M | |
| +30.35% | 141B | |
| +39.60% | 134B | |
| +17.83% | 65.6B | |
| +5.60% | 40.31B | |
| +108.47% | 37.48B | |
| +6.42% | 32.01B | |
| -12.78% | 30.87B | |
| +8.77% | 28.89B | |
| +40.02% | 28B |
- Stock Market
- Equities
- FTCI Stock
- Financials FTC Solar, Inc.
