FTC SOLAR INC (FTCI)
US30320C1036 - Common Stock
We assign a fundamental rating of 3 out of 10 to FTCI. FTCI was compared to 86 industry peers in the Electrical Equipment industry. While FTCI seems to be doing ok healthwise, there are quite some concerns on its profitability. FTCI is valied quite expensively at the moment, while it does show a decent growth rate.
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.
FTCI had negative earnings in each of the past 5 years.
FTCI had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -40.85%, FTCI is doing worse than 76.19% of the companies in the same industry.
FTCI has a Return On Equity of -80.48%. This is in the lower half of the industry: FTCI underperforms 69.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -40.85% | ||
| ROE | -80.48% | ||
| 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
FTCI has a Gross Margin of 6.53%. This is in the lower half of the industry: FTCI underperforms 71.43% of its industry peers.
In the last couple of years the Gross Margin of FTCI has grown nicely.
The Profit Margin and Operating Margin are not available for FTCI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 6.53% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y50.44%
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.
FTCI has more shares outstanding than it did 1 year ago.
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
Based on the Altman-Z score of -2.65, we must say that FTCI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of FTCI (-2.65) is worse than 80.95% 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 | -2.65 |
ROIC/WACCN/A
WACC10.64%
2.3 Liquidity
FTCI has a Current Ratio of 1.98. 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 Current ratio (1.98) which is comparable to the rest of the industry.
A Quick Ratio of 1.91 indicates that FTCI should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.91, FTCI is doing good in the industry, outperforming 72.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.98 | ||
| Quick Ratio | 1.91 |
3. Growth
3.1 Past
FTCI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 56.06%, which is quite impressive.
Looking at the last year, FTCI shows a small growth in Revenue. The Revenue has grown by 3.17% 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)56.06%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q27.27%
Revenue 1Y (TTM)3.17%
Revenue growth 3Y-12.16%
Revenue growth 5YN/A
Revenue growth Q2Q-11.45%
3.2 Future
The Earnings Per Share is expected to grow by 36.53% on average over the next years. This is a very strong growth
FTCI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 41.55% yearly.
EPS Next Y44.43%
EPS Next 2Y43.84%
EPS Next 3Y41.68%
EPS Next 5Y36.53%
Revenue Next Year25.23%
Revenue Next 2Y52.77%
Revenue Next 3Y45.07%
Revenue Next 5Y41.55%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 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
A more expensive valuation may be justified as FTCI's earnings are expected to grow with 41.68% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.84%
EPS Next 3Y41.68%
5. Dividend
5.1 Amount
FTCI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FTC SOLAR INC
NASDAQ:FTCI (5/2/2024, 7:00:00 PM)
After market: 0.47 +0 (+0.79%)0.4663
+0.02 (+4.29%)
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 Cap58.57M
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 | -40.85% | ||
| ROE | -80.48% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 6.53% | ||
| 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 Turnover1.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.98 | ||
| Quick Ratio | 1.91 | ||
| 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)
Growth
EPS 1Y (TTM)56.06%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y44.43%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.17%
Revenue growth 3Y-12.16%
Revenue growth 5Y
Revenue growth 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