FTC SOLAR INC (FTCI)
US30320C1036 - Common Stock
Taking everything into account, FTCI scores 2 out of 10 in our fundamental rating. FTCI was compared to 91 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.
FTCI had a negative operating cash flow in the past year.
In the past 5 years FTCI always reported negative net income.
In the past 5 years FTCI reported 4 times negative operating cash flow.
1.2 Ratios
With a Return On Assets value of -48.92%, FTCI is not doing good in the industry: 74.44% of the companies in the same industry are doing better.
FTCI has a Return On Equity of -110.96%. This is in the lower half of the industry: FTCI underperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -48.92% | ||
| ROE | -110.96% | ||
| 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.
Compared to 1 year ago, FTCI has more shares outstanding
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
FTCI has an Altman-Z score of -4.26. This is a bad value and indicates that FTCI is not financially healthy and even has some risk of bankruptcy.
FTCI has a Altman-Z score of -4.26. This is in the lower half of the industry: FTCI underperforms 77.78% of its industry peers.
FTCI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -4.26 |
ROIC/WACCN/A
WACC10.61%
2.3 Liquidity
A Current Ratio of 1.64 indicates that FTCI should not have too much problems paying its short term obligations.
FTCI has a worse Current ratio (1.64) than 62.22% of its industry peers.
A Quick Ratio of 1.31 indicates that FTCI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.31, FTCI perfoms like the industry average, outperforming 48.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.31 |
3. Growth
3.1 Past
FTCI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.07%, which is quite good.
The Revenue for FTCI has decreased by -33.06% 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)17.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
Revenue 1Y (TTM)-33.06%
Revenue growth 3Y-12.16%
Revenue growth 5YN/A
Sales Q2Q%-64.68%
3.2 Future
FTCI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.53% yearly.
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
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for FTCI. In the last year negative earnings were reported.
Also next year FTCI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| 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
FTCI's earnings are expected to grow with 28.91% in the coming years. This may justify a more expensive valuation.
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 (11/4/2024, 8:10:23 PM)
After market: 0.541 -0.02 (-2.7%)0.556
-0.01 (-1.19%)
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 Cap70.82M
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 | -48.92% | ||
| ROE | -110.96% | ||
| 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 Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.31 | ||
| 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)17.07%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-13.26%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-33.06%
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