FTC SOLAR INC (FTCI)
US30320C1036 - Common Stock
We assign a fundamental rating of 2 out of 10 to FTCI. FTCI was compared to 90 industry peers in the Electrical Equipment industry. FTCI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FTCI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FTCI had negative earnings in the past year.
In the past year FTCI has reported a negative cash flow from operations.
FTCI had negative earnings in each of the past 5 years.
In the past 5 years FTCI reported 4 times negative operating cash flow.
1.2 Ratios
With a Return On Assets value of -51.86%, FTCI is not doing good in the industry: 75.28% of the companies in the same industry are doing better.
The Return On Equity of FTCI (-156.37%) is worse than 71.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -51.86% | ||
| ROE | -156.37% | ||
| ROIC | N/A |
ROA(3y)-52.95%
ROA(5y)-44.21%
ROE(3y)-101.62%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for FTCI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FTCI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FTCI has been increased compared to 1 year ago.
There is no outstanding debt for FTCI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
Based on the Altman-Z score of -5.68, we must say that FTCI is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -5.68, FTCI is not doing good in the industry: 82.02% of the companies in the same industry are doing better.
There is no outstanding debt for FTCI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -5.68 |
ROIC/WACCN/A
WACC9.67%
2.3 Liquidity
A Current Ratio of 1.33 indicates that FTCI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.33, FTCI is not doing good in the industry: 76.40% of the companies in the same industry are doing better.
FTCI has a Quick Ratio of 1.07. This is a normal value and indicates that FTCI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.07, FTCI is in line with its industry, outperforming 40.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
The earnings per share for FTCI have decreased strongly by -12.50% in the last year.
The Revenue for FTCI has decreased by -55.88% in the past year. This is quite bad
FTCI shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -12.16% yearly.
EPS 1Y (TTM)-12.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25%
Revenue 1Y (TTM)-55.88%
Revenue growth 3Y-12.16%
Revenue growth 5YN/A
Sales Q2Q%-66.82%
3.2 Future
Based on estimates for the next years, FTCI will show a very strong growth in Earnings Per Share. The EPS will grow by 36.53% on average per year.
FTCI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 33.39% yearly.
EPS Next Y-13.26%
EPS Next 2Y26.66%
EPS Next 3Y28.92%
EPS Next 5Y36.53%
Revenue Next Year-55.6%
Revenue Next 2Y8.62%
Revenue Next 3Y30.86%
Revenue Next 5Y33.39%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
FTCI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FTCI. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as FTCI's earnings are expected to grow with 28.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.66%
EPS Next 3Y28.92%
5. Dividend
5.1 Amount
FTCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FTC SOLAR INC
NASDAQ:FTCI (11/27/2024, 8:39:47 PM)
After market: 0.34 +0.01 (+3.88%)0.3273
-0.03 (-9.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap41.82M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -51.86% | ||
| ROE | -156.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-12.5%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-13.26%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-55.88%
Revenue growth 3Y-12.16%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y