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FTC SOLAR INC (FTCI) Stock Fundamental Analysis

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

4.88  -0.24 (-4.69%)

Fundamental Rating

2

Overall FTCI gets a fundamental rating of 2 out of 10. We evaluated FTCI against 93 industry peers in the Electrical Equipment industry. FTCI has a bad profitability rating. Also its financial health evaluation is rather negative. 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.
FTCI had a negative operating cash flow in the past year.
FTCI had negative earnings in each of the past 5 years.
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 worse Return On Assets (-51.93%) than 74.19% of its industry peers.
Looking at the Return On Equity, with a value of -281.13%, FTCI is doing worse than 76.34% of the companies in the same industry.
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

FTCI does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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

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.
The number of shares outstanding for FTCI has been increased compared to 5 years ago.
The debt/assets ratio for FTCI is higher compared to a year ago.
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

Based on the Altman-Z score of -6.32, we must say that FTCI is in the distress zone and has some risk of bankruptcy.
FTCI's Altman-Z score of -6.32 is on the low side compared to the rest of the industry. FTCI is outperformed by 82.80% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that FTCI is somewhat dependend on debt financing.
FTCI has a Debt to Equity ratio (0.65) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF N/A
Altman-Z -6.32
ROIC/WACCN/A
WACC8.7%
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 1.40 indicates that FTCI should not have too much problems paying its short term obligations.
FTCI has a worse Current ratio (1.40) than 60.22% 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.
The Quick ratio of FTCI (1.26) is comparable to the rest of the industry.
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

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4

3. Growth

3.1 Past

The earnings per share for FTCI have decreased strongly by -14.19% in the last year.
FTCI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -43.69%.
The Revenue has been decreasing by -2.26% on average over the past years.
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

Based on estimates for the next years, FTCI will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.81% on average per year.
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 Y42.06%
EPS Next 2Y43.08%
EPS Next 3Y36.46%
EPS Next 5Y17.81%
Revenue Next Year105.43%
Revenue Next 2Y128.67%
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

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3

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 28.71 indicates a quite expensive valuation of FTCI.
68.82% of the companies in the same industry are more expensive than FTCI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of FTCI to the average of the S&P500 Index (35.58), we can say FTCI is valued inline with the index average.
Industry RankSector Rank
PE N/A
Fwd PE 28.71
FTCI Price Earnings VS Forward Price EarningsFTCI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FTCI's earnings are expected to grow with 36.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.08%
EPS Next 3Y36.46%

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0

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 (7/14/2025, 8:00:01 PM)

4.88

-0.24 (-4.69%)

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 Owners5.05%
Inst Owner Change0%
Ins Owners28.71%
Ins Owner Change0.84%
Market Cap63.78M
Analysts78
Price Target4.41 (-9.63%)
Short Float %16.32%
Short Ratio11.51
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)0%
PT rev (3m)8.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.59%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.47%
Revenue NY rev (1m)-2.35%
Revenue NY rev (3m)-2.66%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 28.71
P/S 1.15
P/FCF N/A
P/OCF N/A
P/B 4.11
P/tB 7.63
EV/EBITDA N/A
EPS(TTM)-3.54
EYN/A
EPS(NY)0.17
Fwd EY3.48%
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 -6.32
F-Score1
WACC8.7%
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 2Y43.08%
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 Year105.43%
Revenue Next 2Y128.67%
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