SHOALS TECHNOLOGIES GROUP -A (SHLS) Fundamental Analysis & Valuation

NASDAQ:SHLS • US82489W1071

5.71 USD
-0.14 (-2.39%)
At close: Mar 6, 2026
5.66 USD
-0.05 (-0.88%)
After Hours: 3/6/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This SHLS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, SHLS scores 5 out of 10 in our fundamental rating. SHLS was compared to 91 industry peers in the Electrical Equipment industry. Both the profitability and the financial health of SHLS get a neutral evaluation. Nothing too spectacular is happening here. SHLS has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. SHLS Profitability Analysis

1.1 Basic Checks

  • SHLS had positive earnings in the past year.
  • SHLS had a positive operating cash flow in the past year.
  • Each year in the past 5 years SHLS has been profitable.
  • Of the past 5 years SHLS 4 years had a positive operating cash flow.
SHLS Yearly Net Income VS EBIT VS OCF VS FCFSHLS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.71%, SHLS is in the better half of the industry, outperforming 73.63% of the companies in the same industry.
  • SHLS has a better Return On Equity (5.60%) than 72.53% of its industry peers.
  • The Return On Invested Capital of SHLS (4.82%) is better than 73.63% of its industry peers.
  • SHLS had an Average Return On Invested Capital over the past 3 years of 5.53%. This is below the industry average of 9.66%.
Industry RankSector Rank
ROA 3.71%
ROE 5.6%
ROIC 4.82%
ROA(3y)3.83%
ROA(5y)6.7%
ROE(3y)5.75%
ROE(5y)29.9%
ROIC(3y)5.53%
ROIC(5y)6.16%
SHLS Yearly ROA, ROE, ROICSHLS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

1.3 Margins

  • The Profit Margin of SHLS (7.06%) is better than 76.92% of its industry peers.
  • SHLS's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 11.86%, SHLS belongs to the best of the industry, outperforming 82.42% of the companies in the same industry.
  • SHLS's Operating Margin has declined in the last couple of years.
  • SHLS has a Gross Margin of 35.03%. This is in the better half of the industry: SHLS outperforms 76.92% of its industry peers.
  • In the last couple of years the Gross Margin of SHLS has declined.
Industry RankSector Rank
OM 11.86%
PM (TTM) 7.06%
GM 35.03%
OM growth 3Y-16.37%
OM growth 5Y-11.01%
PM growth 3Y-43.44%
PM growth 5Y-18.18%
GM growth 3Y-4.46%
GM growth 5Y-1.56%
SHLS Yearly Profit, Operating, Gross MarginsSHLS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. SHLS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SHLS is destroying value.
  • SHLS has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SHLS has more shares outstanding
  • SHLS has a better debt/assets ratio than last year.
SHLS Yearly Shares OutstandingSHLS Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
SHLS Yearly Total Debt VS Total AssetsSHLS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 3.04 indicates that SHLS is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.04, SHLS is in the better half of the industry, outperforming 65.93% of the companies in the same industry.
  • A Debt/Equity ratio of 0.23 indicates that SHLS is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.23, SHLS is in the better half of the industry, outperforming 67.03% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Altman-Z 3.04
ROIC/WACC0.59
WACC8.21%
SHLS Yearly LT Debt VS Equity VS FCFSHLS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

2.3 Liquidity

  • SHLS has a Current Ratio of 2.03. This indicates that SHLS is financially healthy and has no problem in meeting its short term obligations.
  • SHLS has a Current ratio of 2.03. This is comparable to the rest of the industry: SHLS outperforms 56.04% of its industry peers.
  • SHLS has a Quick Ratio of 1.32. This is a normal value and indicates that SHLS is financially healthy and should not expect problems in meeting its short term obligations.
  • SHLS has a Quick ratio (1.32) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.03
Quick Ratio 1.32
SHLS Yearly Current Assets VS Current LiabilitesSHLS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. SHLS Growth Analysis

3.1 Past

  • SHLS shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.06%.
  • Measured over the past years, SHLS shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.03% on average per year.
  • Looking at the last year, SHLS shows a quite strong growth in Revenue. The Revenue has grown by 19.07% in the last year.
  • Measured over the past years, SHLS shows a very strong growth in Revenue. The Revenue has been growing by 22.05% on average per year.
EPS 1Y (TTM)6.06%
EPS 3Y-4.35%
EPS 5Y-1.03%
EPS Q2Q%25%
Revenue 1Y (TTM)19.07%
Revenue growth 3Y13.29%
Revenue growth 5Y22.05%
Sales Q2Q%38.64%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.65% on average over the next years. This is quite good.
  • Based on estimates for the next years, SHLS will show a quite strong growth in Revenue. The Revenue will grow by 8.20% on average per year.
EPS Next Y15.37%
EPS Next 2Y21.14%
EPS Next 3Y21.37%
EPS Next 5Y12.65%
Revenue Next Year24.33%
Revenue Next 2Y17.59%
Revenue Next 3Y15.17%
Revenue Next 5Y8.2%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SHLS Yearly Revenue VS EstimatesSHLS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 200M 400M 600M 800M
SHLS Yearly EPS VS EstimatesSHLS Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0.2 0.4 0.6 0.8

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Find the best growth stocksShow best growing peers

5

4. SHLS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.31 indicates a correct valuation of SHLS.
  • 89.01% of the companies in the same industry are more expensive than SHLS, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, SHLS is valued a bit cheaper.
  • SHLS is valuated correctly with a Price/Forward Earnings ratio of 14.14.
  • 86.81% of the companies in the same industry are more expensive than SHLS, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of SHLS to the average of the S&P500 Index (24.57), we can say SHLS is valued slightly cheaper.
Industry RankSector Rank
PE 16.31
Fwd PE 14.14
SHLS Price Earnings VS Forward Price EarningsSHLS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHLS indicates a rather cheap valuation: SHLS is cheaper than 83.52% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.8
SHLS Per share dataSHLS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • SHLS's earnings are expected to grow with 21.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.06
PEG (5Y)N/A
EPS Next 2Y21.14%
EPS Next 3Y21.37%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SHLS Dividend Analysis

5.1 Amount

  • No dividends for SHLS!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

SHLS Fundamentals: All Metrics, Ratios and Statistics

SHOALS TECHNOLOGIES GROUP -A

NASDAQ:SHLS (3/6/2026, 8:00:02 PM)

After market: 5.66 -0.05 (-0.88%)

5.71

-0.14 (-2.39%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)02-24
Earnings (Next)05-04
Inst Owners116.5%
Inst Owner Change1.73%
Ins Owners0.8%
Ins Owner Change3.86%
Market Cap956.14M
Revenue(TTM)475.33M
Net Income(TTM)33.57M
Analysts79.23
Price Target10.92 (91.24%)
Short Float %6.59%
Short Ratio2.35
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-18.33%
Min EPS beat(2)-28.81%
Max EPS beat(2)-7.85%
EPS beat(4)1
Avg EPS beat(4)-10.4%
Min EPS beat(4)-28.81%
Max EPS beat(4)18.92%
EPS beat(8)3
Avg EPS beat(8)-5.97%
EPS beat(12)6
Avg EPS beat(12)-0.74%
EPS beat(16)10
Avg EPS beat(16)6.66%
Revenue beat(2)2
Avg Revenue beat(2)0.88%
Min Revenue beat(2)0.03%
Max Revenue beat(2)1.73%
Revenue beat(4)4
Avg Revenue beat(4)2.94%
Min Revenue beat(4)0.03%
Max Revenue beat(4)6.14%
Revenue beat(8)7
Avg Revenue beat(8)2.21%
Revenue beat(12)9
Avg Revenue beat(12)1.6%
Revenue beat(16)11
Avg Revenue beat(16)1.77%
PT rev (1m)3.56%
PT rev (3m)2.78%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)-2.27%
EPS NY rev (1m)-0.49%
EPS NY rev (3m)4.32%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.19%
Valuation
Industry RankSector Rank
PE 16.31
Fwd PE 14.14
P/S 2.01
P/FCF N/A
P/OCF 56.02
P/B 1.59
P/tB 1.93
EV/EBITDA 15.8
EPS(TTM)0.35
EY6.13%
EPS(NY)0.4
Fwd EY7.07%
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)0.1
OCFY1.78%
SpS2.84
BVpS3.58
TBVpS2.97
PEG (NY)1.06
PEG (5Y)N/A
Graham Number5.31
Profitability
Industry RankSector Rank
ROA 3.71%
ROE 5.6%
ROCE 7.26%
ROIC 4.82%
ROICexc 4.87%
ROICexgc 5.63%
OM 11.86%
PM (TTM) 7.06%
GM 35.03%
FCFM N/A
ROA(3y)3.83%
ROA(5y)6.7%
ROE(3y)5.75%
ROE(5y)29.9%
ROIC(3y)5.53%
ROIC(5y)6.16%
ROICexc(3y)5.67%
ROICexc(5y)6.29%
ROICexgc(3y)6.71%
ROICexgc(5y)8.08%
ROCE(3y)8.32%
ROCE(5y)9.27%
ROICexgc growth 3Y-19.6%
ROICexgc growth 5Y-38.46%
ROICexc growth 3Y-16.14%
ROICexc growth 5Y-20.55%
OM growth 3Y-16.37%
OM growth 5Y-11.01%
PM growth 3Y-43.44%
PM growth 5Y-18.18%
GM growth 3Y-4.46%
GM growth 5Y-1.56%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.23
Debt/FCF N/A
Debt/EBITDA 1.95
Cap/Depr 239.15%
Cap/Sales 6.95%
Interest Coverage 6.19
Cash Conversion 24.31%
Profit Quality N/A
Current Ratio 2.03
Quick Ratio 1.32
Altman-Z 3.04
F-Score5
WACC8.21%
ROIC/WACC0.59
Cap/Depr(3y)135.36%
Cap/Depr(5y)95.43%
Cap/Sales(3y)3.74%
Cap/Sales(5y)2.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.06%
EPS 3Y-4.35%
EPS 5Y-1.03%
EPS Q2Q%25%
EPS Next Y15.37%
EPS Next 2Y21.14%
EPS Next 3Y21.37%
EPS Next 5Y12.65%
Revenue 1Y (TTM)19.07%
Revenue growth 3Y13.29%
Revenue growth 5Y22.05%
Sales Q2Q%38.64%
Revenue Next Year24.33%
Revenue Next 2Y17.59%
Revenue Next 3Y15.17%
Revenue Next 5Y8.2%
EBIT growth 1Y10.19%
EBIT growth 3Y-5.26%
EBIT growth 5Y8.62%
EBIT Next Year64.16%
EBIT Next 3Y31.52%
EBIT Next 5Y17.64%
FCF growth 1Y-122.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-78.77%
OCF growth 3Y-24.37%
OCF growth 5Y-20.6%

SHOALS TECHNOLOGIES GROUP -A / SHLS FAQ

Can you provide the ChartMill fundamental rating for SHOALS TECHNOLOGIES GROUP -A?

ChartMill assigns a fundamental rating of 5 / 10 to SHLS.


Can you provide the valuation status for SHOALS TECHNOLOGIES GROUP -A?

ChartMill assigns a valuation rating of 5 / 10 to SHOALS TECHNOLOGIES GROUP -A (SHLS). This can be considered as Fairly Valued.


Can you provide the profitability details for SHOALS TECHNOLOGIES GROUP -A?

SHOALS TECHNOLOGIES GROUP -A (SHLS) has a profitability rating of 5 / 10.


What is the financial health of SHOALS TECHNOLOGIES GROUP -A (SHLS) stock?

The financial health rating of SHOALS TECHNOLOGIES GROUP -A (SHLS) is 5 / 10.