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FTC SOLAR INC (FTCI) Stock Fundamental Analysis

NASDAQ:FTCI - Nasdaq - US30320C1036 - Common Stock - Currency: USD

3.29  +0.04 (+1.23%)

After market: 3.21 -0.08 (-2.43%)

Fundamental Rating

2

Taking everything into account, FTCI scores 2 out of 10 in our fundamental rating. FTCI was compared to 93 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.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year FTCI has reported negative net income.
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.
FTCI Yearly Net Income VS EBIT VS OCF VS FCFFTCI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 -20M -40M -60M -80M -100M

1.2 Ratios

With a Return On Assets value of -51.86%, FTCI is not doing good in the industry: 73.91% of the companies in the same industry are doing better.
With a Return On Equity value of -156.37%, FTCI is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
Industry RankSector 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
FTCI Yearly ROA, ROE, ROICFTCI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 -2K -4K -6K -8K

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for FTCI so they could not be analyzed.
Industry RankSector 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
FTCI Yearly Profit, Operating, Gross MarginsFTCI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 -20 -40 -60 -80

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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 less shares outstanding
FTCI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FTCI Yearly Shares OutstandingFTCI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
FTCI Yearly Total Debt VS Total AssetsFTCI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 50M 100M 150M 200M

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.
FTCI has a Altman-Z score of -5.68. This is amonst the worse of the industry: FTCI underperforms 80.43% 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 RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -5.68
ROIC/WACCN/A
WACC9.06%
FTCI Yearly LT Debt VS Equity VS FCFFTCI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 50M -50M 100M -100M

2.3 Liquidity

FTCI has a Current Ratio of 1.33. This is a normal value and indicates that FTCI is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.33, FTCI is not doing good in the industry: 70.65% of the companies in the same industry are doing better.
A Quick Ratio of 1.07 indicates that FTCI should not have too much problems paying its short term obligations.
FTCI has a Quick ratio of 1.07. This is comparable to the rest of the industry: FTCI outperforms 42.39% of its industry peers.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 1.07
FTCI Yearly Current Assets VS Current LiabilitesFTCI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 50M 100M 150M 200M

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3. Growth

3.1 Past

The earnings per share for FTCI have decreased strongly by -800.00% in the last year.
Looking at the last year, FTCI shows a very negative growth in Revenue. The Revenue has decreased by -55.88% in the last year.
Measured over the past years, FTCI shows a very negative growth in Revenue. The Revenue has been decreasing by -12.16% on average per year.
EPS 1Y (TTM)-800%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1150%
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.
The Revenue is expected to grow by 33.84% on average over the next years. This is a very strong growth
EPS Next Y-1154.48%
EPS Next 2Y-148.98%
EPS Next 3Y-15.67%
EPS Next 5Y36.53%
Revenue Next Year-63.96%
Revenue Next 2Y4.09%
Revenue Next 3Y21.99%
Revenue Next 5Y33.84%

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.
FTCI Yearly Revenue VS EstimatesFTCI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M
FTCI Yearly EPS VS EstimatesFTCI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 -2 -4 -6

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4. Valuation

4.1 Price/Earnings Ratio

FTCI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year FTCI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FTCI Price Earnings VS Forward Price EarningsFTCI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FTCI Per share dataFTCI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4

4.3 Compensation for Growth

A cheap valuation may be justified as FTCI's earnings are expected to decrease with -15.67% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-148.98%
EPS Next 3Y-15.67%

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5. Dividend

5.1 Amount

FTCI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FTC SOLAR INC

NASDAQ:FTCI (2/24/2025, 8:00:00 PM)

After market: 3.21 -0.08 (-2.43%)

3.29

+0.04 (+1.23%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)03-11 2025-03-11/amc
Inst Owners5.61%
Inst Owner Change-99.93%
Ins Owners17.31%
Ins Owner Change0.99%
Market Cap42.28M
Analysts76.36
Price Target7.75 (135.56%)
Short Float %10.76%
Short Ratio4.94
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.31%
Min EPS beat(2)-15%
Max EPS beat(2)-1.62%
EPS beat(4)0
Avg EPS beat(4)-6.35%
Min EPS beat(4)-15%
Max EPS beat(4)-1.62%
EPS beat(8)2
Avg EPS beat(8)-6.17%
EPS beat(12)3
Avg EPS beat(12)-12.3%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-6.81%
Min Revenue beat(2)-14.04%
Max Revenue beat(2)0.43%
Revenue beat(4)1
Avg Revenue beat(4)-4.74%
Min Revenue beat(4)-14.04%
Max Revenue beat(4)0.43%
Revenue beat(8)4
Avg Revenue beat(8)-5.2%
Revenue beat(12)5
Avg Revenue beat(12)-3.15%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-13.96%
PT rev (3m)776.89%
EPS NQ rev (1m)-1021.75%
EPS NQ rev (3m)-7301.46%
EPS NY rev (1m)-2.64%
EPS NY rev (3m)-1007.66%
Revenue NQ rev (1m)-2.09%
Revenue NQ rev (3m)-80.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-18.82%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.74
P/FCF N/A
P/OCF N/A
P/B 1.39
P/tB 1.85
EV/EBITDA N/A
EPS(TTM)-2.88
EYN/A
EPS(NY)-1.8
Fwd EYN/A
FCF(TTM)-2.02
FCFYN/A
OCF(TTM)-1.89
OCFYN/A
SpS4.46
BVpS2.37
TBVpS1.78
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -51.86%
ROE -156.37%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score3
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 106.67%
Cap/Sales 2.98%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.33
Quick Ratio 1.07
Altman-Z -5.68
F-Score3
WACC9.06%
ROIC/WACCN/A
Cap/Depr(3y)205.72%
Cap/Depr(5y)228.41%
Cap/Sales(3y)0.61%
Cap/Sales(5y)0.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-800%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1150%
EPS Next Y-1154.48%
EPS Next 2Y-148.98%
EPS Next 3Y-15.67%
EPS Next 5Y36.53%
Revenue 1Y (TTM)-55.88%
Revenue growth 3Y-12.16%
Revenue growth 5YN/A
Sales Q2Q%-66.82%
Revenue Next Year-63.96%
Revenue Next 2Y4.09%
Revenue Next 3Y21.99%
Revenue Next 5Y33.84%
EBIT growth 1Y13.33%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year6.92%
EBIT Next 3Y27.7%
EBIT Next 5Y26.81%
FCF growth 1Y71.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y72.88%
OCF growth 3YN/A
OCF growth 5YN/A