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FTC SOLAR INC (FTCI) Stock Fundamental Analysis

USA - NASDAQ:FTCI - US30320C3016 - Common Stock

8.43 USD
-0.57 (-6.33%)
Last: 11/20/2025, 8:00:00 PM
Fundamental Rating

1

We assign a fundamental rating of 1 out of 10 to FTCI. FTCI was compared to 91 industry peers in the Electrical Equipment industry. FTCI may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, FTCI is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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0

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.
In the past 5 years FTCI always reported negative net income.
FTCI had negative operating cash flow in 4 of the past 5 years.
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 2024 0 -20M -40M -60M -80M -100M

1.2 Ratios

FTCI's Return On Assets of -56.47% is on the low side compared to the rest of the industry. FTCI is outperformed by 76.92% of its industry peers.
Looking at the Return On Equity, with a value of -518.06%, FTCI is doing worse than 76.92% of the companies in the same industry.
Industry RankSector Rank
ROA -56.47%
ROE -518.06%
ROIC N/A
ROA(3y)-56.34%
ROA(5y)-47.03%
ROE(3y)-161.87%
ROE(5y)-154.44%
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 2024 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 2024 0 -20 -40 -60 -80 -100

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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.
The number of shares outstanding for FTCI has been increased compared to 1 year ago.
The number of shares outstanding for FTCI has been increased compared to 5 years ago.
Compared to 1 year ago, FTCI has a worse debt to assets ratio.
FTCI Yearly Shares OutstandingFTCI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FTCI Yearly Total Debt VS Total AssetsFTCI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

FTCI has an Altman-Z score of -6.27. This is a bad value and indicates that FTCI is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FTCI (-6.27) is worse than 80.22% of its industry peers.
A Debt/Equity ratio of 1.20 is on the high side and indicates that FTCI has dependencies on debt financing.
FTCI has a Debt to Equity ratio of 1.20. This is in the lower half of the industry: FTCI underperforms 70.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.2
Debt/FCF N/A
Altman-Z -6.27
ROIC/WACCN/A
WACC8.59%
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 2024 0 50M -50M 100M -100M

2.3 Liquidity

A Current Ratio of 1.16 indicates that FTCI should not have too much problems paying its short term obligations.
FTCI's Current ratio of 1.16 is on the low side compared to the rest of the industry. FTCI is outperformed by 67.03% of its industry peers.
A Quick Ratio of 1.04 indicates that FTCI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.04, FTCI perfoms like the industry average, outperforming 50.55% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 1.04
FTCI Yearly Current Assets VS Current LiabilitesFTCI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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3. Growth

3.1 Past

FTCI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.56%, which is quite impressive.
Looking at the last year, FTCI shows a very negative growth in Revenue. The Revenue has decreased by -62.71% in the last year.
Measured over the past years, FTCI shows a decrease in Revenue. The Revenue has been decreasing by -2.26% on average per year.
EPS 1Y (TTM)20.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%64%
Revenue 1Y (TTM)-62.71%
Revenue growth 3Y-44.06%
Revenue growth 5Y-2.26%
Sales Q2Q%156.81%

3.2 Future

The Earnings Per Share is expected to grow by 17.81% on average over the next years. This is quite good.
Based on estimates for the next years, FTCI will show a very strong growth in Revenue. The Revenue will grow by 56.96% on average per year.
EPS Next Y27.28%
EPS Next 2Y41.97%
EPS Next 3Y34.54%
EPS Next 5Y17.81%
Revenue Next Year96.69%
Revenue Next 2Y128.35%
Revenue Next 3Y90.2%
Revenue Next 5Y56.96%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 100M 200M 300M 400M 500M
FTCI Yearly EPS VS EstimatesFTCI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4 -6

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FTCI. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 151.17 indicates a quite expensive valuation of FTCI.
62.64% of the companies in the same industry are more expensive than FTCI, based on the Price/Forward Earnings ratio.
FTCI is valuated expensively when we compare the Price/Forward Earnings ratio to 34.08, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 151.17
FTCI Price Earnings VS Forward Price EarningsFTCI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150

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

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
FTCI's earnings are expected to grow with 34.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.97%
EPS Next 3Y34.54%

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5. Dividend

5.1 Amount

No dividends for FTCI!.
Industry RankSector Rank
Dividend Yield N/A

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FTC SOLAR INC

NASDAQ:FTCI (11/20/2025, 8:00:00 PM)

8.43

-0.57 (-6.33%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-12 2025-11-12/bmo
Earnings (Next)03-30 2026-03-30/amc
Inst Owners4.63%
Inst Owner Change-19.28%
Ins Owners16.09%
Ins Owner Change0.29%
Market Cap125.35M
Revenue(TTM)47.35M
Net Income(TTM)-46.84M
Analysts78
Price Target7.27 (-13.76%)
Short Float %10.51%
Short Ratio5.29
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)-12.77%
Min EPS beat(2)-17.65%
Max EPS beat(2)-7.89%
EPS beat(4)1
Avg EPS beat(4)-7.83%
Min EPS beat(4)-17.65%
Max EPS beat(4)9.2%
EPS beat(8)1
Avg EPS beat(8)-7.42%
EPS beat(12)4
Avg EPS beat(12)-4.99%
EPS beat(16)5
Avg EPS beat(16)-9.51%
Revenue beat(2)1
Avg Revenue beat(2)0.56%
Min Revenue beat(2)-7.22%
Max Revenue beat(2)8.34%
Revenue beat(4)3
Avg Revenue beat(4)3.26%
Min Revenue beat(4)-7.22%
Max Revenue beat(4)11.48%
Revenue beat(8)4
Avg Revenue beat(8)-0.48%
Revenue beat(12)6
Avg Revenue beat(12)-2.87%
Revenue beat(16)7
Avg Revenue beat(16)-2.32%
PT rev (1m)0%
PT rev (3m)38.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-90.8%
EPS NY rev (1m)0.58%
EPS NY rev (3m)-25.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.94%
Revenue NY rev (1m)1.58%
Revenue NY rev (3m)-4.26%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 151.17
P/S 1.95
P/FCF N/A
P/OCF N/A
P/B 13.86
P/tB 70.66
EV/EBITDA N/A
EPS(TTM)-2.86
EYN/A
EPS(NY)0.06
Fwd EY0.66%
FCF(TTM)-2.06
FCFYN/A
OCF(TTM)-2.01
OCFYN/A
SpS4.31
BVpS0.61
TBVpS0.12
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -56.47%
ROE -518.06%
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)-56.34%
ROA(5y)-47.03%
ROE(3y)-161.87%
ROE(5y)-154.44%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score1
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 1.2
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 53.34%
Cap/Sales 1.22%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.16
Quick Ratio 1.04
Altman-Z -6.27
F-Score1
WACC8.59%
ROIC/WACCN/A
Cap/Depr(3y)89.26%
Cap/Depr(5y)247.12%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%64%
EPS Next Y27.28%
EPS Next 2Y41.97%
EPS Next 3Y34.54%
EPS Next 5Y17.81%
Revenue 1Y (TTM)-62.71%
Revenue growth 3Y-44.06%
Revenue growth 5Y-2.26%
Sales Q2Q%156.81%
Revenue Next Year96.69%
Revenue Next 2Y128.35%
Revenue Next 3Y90.2%
Revenue Next 5Y56.96%
EBIT growth 1Y3.81%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year32.48%
EBIT Next 3Y34.78%
EBIT Next 5Y21.56%
FCF growth 1Y38.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y38.99%
OCF growth 3YN/A
OCF growth 5YN/A

FTC SOLAR INC / FTCI FAQ

What is the ChartMill fundamental rating of FTC SOLAR INC (FTCI) stock?

ChartMill assigns a fundamental rating of 1 / 10 to FTCI.


What is the valuation status of FTC SOLAR INC (FTCI) stock?

ChartMill assigns a valuation rating of 1 / 10 to FTC SOLAR INC (FTCI). This can be considered as Overvalued.


Can you provide the profitability details for FTC SOLAR INC?

FTC SOLAR INC (FTCI) has a profitability rating of 0 / 10.


What is the expected EPS growth for FTC SOLAR INC (FTCI) stock?

The Earnings per Share (EPS) of FTC SOLAR INC (FTCI) is expected to grow by 27.28% in the next year.