Logo image of FTCI

FTC SOLAR INC (FTCI) Stock Fundamental Analysis

NASDAQ:FTCI - Nasdaq - US30320C3016 - Common Stock - Currency: USD

4.5  -0.01 (-0.22%)

Fundamental Rating

2

Taking everything into account, FTCI scores 2 out of 10 in our fundamental rating. FTCI was compared to 94 industry peers in the Electrical Equipment industry. Both the profitability and financial health of FTCI have multiple concerns. FTCI is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

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 2024 0 -20M -40M -60M -80M -100M

1.2 Ratios

FTCI has a Return On Assets of -51.93%. This is in the lower half of the industry: FTCI underperforms 74.47% of its industry peers.
FTCI has a worse Return On Equity (-281.13%) than 76.60% of its industry peers.
Industry RankSector Rank
ROA -51.93%
ROE -281.13%
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

More info and screens

2

2. Health

2.1 Basic Checks

FTCI does not have a ROIC to compare to the WACC, probably because it is not profitable.
FTCI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FTCI has more shares outstanding
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 -6.39. This is a bad value and indicates that FTCI is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -6.39, FTCI is doing worse than 82.98% of the companies in the same industry.
FTCI has a Debt/Equity ratio of 0.65. This is a neutral value indicating FTCI is somewhat dependend on debt financing.
FTCI has a Debt to Equity ratio (0.65) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z -6.39
ROIC/WACCN/A
WACC8.71%
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

FTCI has a Current Ratio of 1.40. This is a normal value and indicates that FTCI is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of FTCI (1.40) is worse than 60.64% of its industry peers.
FTCI has a Quick Ratio of 1.26. This is a normal value and indicates that FTCI is financially healthy and should not expect problems in meeting its short term obligations.
FTCI has a Quick ratio (1.26) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.4
Quick Ratio 1.26
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

More info and screens

4

3. Growth

3.1 Past

The earnings per share for FTCI have decreased strongly by -14.19% in the last year.
Looking at the last year, FTCI shows a very negative growth in Revenue. The Revenue has decreased by -43.69% in the last year.
FTCI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.26% yearly.
EPS 1Y (TTM)-14.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%6.67%
Revenue 1Y (TTM)-43.69%
Revenue growth 3Y-44.06%
Revenue growth 5Y-2.26%
Sales Q2Q%65.27%

3.2 Future

FTCI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.81% yearly.
FTCI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 56.96% yearly.
EPS Next Y42.06%
EPS Next 2Y39.48%
EPS Next 3Y36.46%
EPS Next 5Y17.81%
Revenue Next Year110.37%
Revenue Next 2Y113.18%
Revenue Next 3Y99.76%
Revenue Next 5Y56.96%

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 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

More info and screens

1

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 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 20 -20 40

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 more expensive valuation may be justified as FTCI's earnings are expected to grow with 36.46% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.48%
EPS Next 3Y36.46%

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

FTC SOLAR INC

NASDAQ:FTCI (6/12/2025, 10:52:36 AM)

4.5

-0.01 (-0.22%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)05-01 2025-05-01/bmo
Earnings (Next)08-06 2025-08-06/amc
Inst Owners5.61%
Inst Owner Change-1.91%
Ins Owners17.31%
Ins Owner Change0.6%
Market Cap58.81M
Analysts76.36
Price Target4.41 (-2%)
Short Float %15.88%
Short Ratio10.05
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)1
Avg EPS beat(2)0.66%
Min EPS beat(2)-7.89%
Max EPS beat(2)9.2%
EPS beat(4)1
Avg EPS beat(4)-3.83%
Min EPS beat(4)-15%
Max EPS beat(4)9.2%
EPS beat(8)1
Avg EPS beat(8)-9.16%
EPS beat(12)4
Avg EPS beat(12)-4.42%
EPS beat(16)5
Avg EPS beat(16)-12.3%
Revenue beat(2)2
Avg Revenue beat(2)9.91%
Min Revenue beat(2)8.34%
Max Revenue beat(2)11.48%
Revenue beat(4)3
Avg Revenue beat(4)1.55%
Min Revenue beat(4)-14.04%
Max Revenue beat(4)11.48%
Revenue beat(8)4
Avg Revenue beat(8)-3.71%
Revenue beat(12)6
Avg Revenue beat(12)-2.84%
Revenue beat(16)8
Avg Revenue beat(16)-1.16%
PT rev (1m)1.53%
PT rev (3m)-43.09%
EPS NQ rev (1m)-9.14%
EPS NQ rev (3m)-43.33%
EPS NY rev (1m)-3.46%
EPS NY rev (3m)-16.03%
Revenue NQ rev (1m)7.78%
Revenue NQ rev (3m)-28.97%
Revenue NY rev (1m)2.91%
Revenue NY rev (3m)-30.02%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.06
P/FCF N/A
P/OCF N/A
P/B 3.79
P/tB 7.04
EV/EBITDA N/A
EPS(TTM)-3.54
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)-2.4
OCFYN/A
SpS4.25
BVpS1.19
TBVpS0.64
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -51.93%
ROE -281.13%
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
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-Score1
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 82.6%
Cap/Sales 2.33%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.4
Quick Ratio 1.26
Altman-Z -6.39
F-Score1
WACC8.71%
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)-14.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%6.67%
EPS Next Y42.06%
EPS Next 2Y39.48%
EPS Next 3Y36.46%
EPS Next 5Y17.81%
Revenue 1Y (TTM)-43.69%
Revenue growth 3Y-44.06%
Revenue growth 5Y-2.26%
Sales Q2Q%65.27%
Revenue Next Year110.37%
Revenue Next 2Y113.18%
Revenue Next 3Y99.76%
Revenue Next 5Y56.96%
EBIT growth 1Y0.1%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year41.26%
EBIT Next 3Y35.25%
EBIT Next 5Y21.56%
FCF growth 1Y-219.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-222.27%
OCF growth 3YN/A
OCF growth 5YN/A