FTC SOLAR, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.4289 USD | +6.77% |
|
+9.78% | -38.09% |
| Mar. 15 | North American Morning Briefing : Inflation -2- | DJ |
| Mar. 14 | H.C. Wainwright Trims Price Target on FTC Solar to $1.50 From $2.50, Keeps Buy Rating | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 642.5 | 276.8 | 86.6 | 53.88 | - | - |
| Enterprise Value (EV) 1 | 540.3 | 232.4 | 61.37 | 68.49 | 12.02 | -22.81 |
| P/E ratio | -6.1 x | -2.73 x | -1.57 x | -1.59 x | -3.56 x | 4.9 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 2.37 x | 2.25 x | 0.68 x | 0.38 x | 0.21 x | 0.14 x |
| EV / Revenue | 2 x | 1.89 x | 0.48 x | 0.48 x | 0.05 x | -0.06 x |
| EV / EBITDA | -9.67 x | -3.5 x | -1.8 x | -2.73 x | -19.3 x | -0.8 x |
| EV / FCF | -4.04 x | -4.19 x | -1.15 x | -17.5 x | -0.73 x | -0.84 x |
| FCF Yield | -24.8% | -23.9% | -87.1% | -5.71% | -138% | -119% |
| Price to Book | 4.9 x | 4.24 x | 1.39 x | 1.16 x | 0.87 x | 0.57 x |
| Nbr of stocks (in thousands) | 84,985 | 103,285 | 125,006 | 125,614 | - | - |
| Reference price 2 | 7.560 | 2.680 | 0.6928 | 0.4289 | 0.4289 | 0.4289 |
| 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 | 142.7 | 254.7 | 387.5 |
| EBITDA 1 | - | -55.86 | -66.42 | -34.15 | -25.07 | -0.6242 | 28.39 |
| EBIT 1 | - | -56.02 | -99.57 | -50.78 | -37.48 | -19.59 | 9.928 |
| Operating Margin | - | -20.71% | -80.91% | -39.98% | -26.26% | -7.69% | 2.56% |
| Earnings before Tax (EBT) 1 | - | -106.4 | -99.18 | -50.63 | -39.51 | -22.75 | 9.654 |
| Net income 1 | -15.92 | -106.6 | -99.61 | -50.29 | -34.93 | -17.56 | 7.724 |
| Net margin | -8.5% | -39.4% | -80.94% | -39.6% | -24.47% | -6.89% | 1.99% |
| EPS 2 | -0.2315 | -1.240 | -0.9800 | -0.4400 | -0.2696 | -0.1204 | 0.0876 |
| Free Cash Flow 1 | - | -133.9 | -55.5 | -53.47 | -3.912 | -16.56 | 27.11 |
| FCF margin | - | -49.49% | -45.09% | -42.1% | -2.74% | -6.5% | 7% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 95.51% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 351.04% |
| 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 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 52.99 | 101.7 | 49.55 | 30.72 | 16.57 | 26.22 | 40.89 | 32.36 | 30.55 | 23.2 | 12.82 | 22.27 | 45.31 | 62.31 | 44.95 |
| EBITDA 1 | -16.09 | -16.36 | -19.96 | -17.74 | -17.73 | -10.98 | -7.152 | -7.239 | -9.706 | -10.05 | -11.54 | -8.45 | -4.32 | -0.774 | -4.33 |
| EBIT 1 | -16.43 | -16.49 | -27.78 | -25.24 | -26.69 | -19.86 | -12.4 | -10.37 | -16.28 | -11.74 | -13.85 | -10.88 | -7.9 | -4.817 | -10.02 |
| Operating Margin | -31.01% | -16.21% | -56.06% | -82.16% | -161.08% | -75.75% | -30.31% | -32.04% | -53.28% | -50.58% | -108.07% | -48.84% | -17.44% | -7.73% | -22.29% |
| Earnings before Tax (EBT) 1 | -22.87 | -23.85 | -27.72 | -25.59 | -25.79 | -20.08 | -11.63 | -10.54 | -16.77 | -11.69 | -14.13 | -11.28 | -8.391 | -5.607 | -11.63 |
| Net income 1 | -22.92 | -23.88 | -27.79 | -25.68 | -25.64 | -20.5 | -11.76 | -10.41 | -16.94 | -11.18 | -13.24 | -10.25 | -7.262 | -4.199 | -8.608 |
| Net margin | -43.24% | -23.48% | -56.09% | -83.6% | -154.69% | -78.19% | -28.76% | -32.18% | -55.44% | -48.17% | -103.26% | -46.02% | -16.03% | -6.74% | -19.15% |
| EPS 2 | -0.2400 | -0.2500 | -0.2800 | -0.2600 | -0.2500 | -0.2000 | -0.1100 | -0.0900 | -0.1400 | -0.0900 | -0.1082 | -0.0802 | -0.0528 | -0.0299 | -0.0599 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 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 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 14.6 | - | - |
| Net Cash position 1 | - | 102 | 44.4 | 25.2 | - | 41.9 | 76.7 |
| Leverage (Debt/EBITDA) | - | - | - | - | -0.5832 x | - | - |
| Free Cash Flow 1 | - | -134 | -55.5 | -53.5 | -3.91 | -16.6 | 27.1 |
| ROE (net income / shareholders' equity) | - | -75.3% | -64.7% | -53% | -56.8% | -51.6% | 38.4% |
| ROA (Net income/ Total Assets) | - | -36% | -35.9% | -26.6% | -34.8% | -26.1% | - |
| Assets 1 | - | 296 | 277.4 | 189.4 | 100.4 | 67.28 | - |
| Book Value Per Share 2 | - | 1.540 | 0.6300 | 0.5000 | 0.3700 | 0.4900 | 0.7600 |
| Cash Flow per Share 2 | - | -1.540 | -0.5400 | -0.4600 | -0.1100 | 0.1000 | - |
| Capex 1 | - | 1.03 | 0.99 | 0.82 | 0.93 | 1.35 | 0.8 |
| Capex / Sales | - | 0.38% | 0.8% | 0.64% | 0.65% | 0.53% | 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
0.4289
USD
Average target price
0.9929
USD
Spread / Average Target
+131.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -38.09% | 53.88M | |
| +4.53% | 149B | |
| +34.66% | 130B | |
| +19.57% | 130B | |
| +12.90% | 62.82B | |
| +7.65% | 41.04B | |
| +94.65% | 35B | |
| -9.78% | 32.1B | |
| +6.26% | 32.1B | |
| +3.97% | 27.31B |
- Stock Market
- Equities
- FTCI Stock
- Financials FTC Solar, Inc.
