FTC Solar, Inc. (FTCI)

FTC Solar Statistics

Total Valuation

FTC Solar has a market cap or net worth of $75.09 million. The enterprise value is $62.20 million.

Market Cap	75.09M
Enterprise Value	62.20M

Important Dates

The next confirmed earnings date is Tuesday, November 12, 2024, before market open.

Earnings Date	Nov 12, 2024
Ex-Dividend Date	n/a

Share Statistics

FTC Solar has 127.72 million shares outstanding. The number of shares has increased by 16.26% in one year.

Current Share Class	n/a
Shares Outstanding	127.72M
Shares Change (YoY)	+16.26%
Shares Change (QoQ)	+0.48%
Owned by Insiders (%)	33.13%
Owned by Institutions (%)	15.88%
Float	73.67M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	0.88
Forward PS	0.41
PB Ratio	1.60
P/FCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	0.80
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.64, with a Debt / Equity ratio of 0.04.

Current Ratio	1.64
Quick Ratio	1.02
Debt / Equity	0.04
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-36.88

Financial Efficiency

Return on equity (ROE) is -78.40% and return on invested capital (ROIC) is -46.93%.

Return on Equity (ROE)	-78.40%
Return on Assets (ROA)	-25.24%
Return on Capital (ROIC)	-46.93%
Revenue Per Employee	$365,099
Profits Per Employee	-$230,638
Employee Count	213
Asset Turnover	0.65
Inventory Turnover	6.74

Taxes

Income Tax	-293,000
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -55.52% in the last 52 weeks. The beta is 1.80, so FTC Solar's price volatility has been higher than the market average.

Beta (5Y)	1.80
52-Week Price Change	-55.52%
50-Day Moving Average	0.47
200-Day Moving Average	0.46
Relative Strength Index (RSI)	50.77
Average Volume (20 Days)	1,238,902

Short Selling Information

The latest short interest is 5.71 million, so 4.47% of the outstanding shares have been sold short.

Short Interest	5.71M
Short Previous Month	3.55M
Short % of Shares Out	4.47%
Short % of Float	7.76%
Short Ratio (days to cover)	2.31

Income Statement

In the last 12 months, FTC Solar had revenue of $77.77 million and -$49.13 million in losses. Loss per share was -$0.41.

Revenue	77.77M
Gross Profit	-128,000
Operating Income	-48.02M
Pretax Income	-49.42M
Net Income	-49.13M
EBITDA	-47.16M
EBIT	-48.02M
Loss Per Share	-$0.41

Balance Sheet

The company has $10.78 million in cash and $1.96 million in debt, giving a net cash position of $8.82 million or $0.07 per share.

Cash & Cash Equivalents	10.78M
Total Debt	1.96M
Net Cash	8.82M
Net Cash Per Share	$0.07
Equity (Book Value)	44.24M
Book Value Per Share	0.35
Working Capital	33.00M

Cash Flow

In the last 12 months, operating cash flow was -$37.48 million and capital expenditures -$1.75 million, giving a free cash flow of -$39.23 million.

Operating Cash Flow	-37.48M
Capital Expenditures	-1.75M
Free Cash Flow	-39.23M
FCF Per Share	-$0.31

Margins

Gross margin is -0.16%, with operating and profit margins of -61.75% and -63.17%.

Gross Margin	-0.16%
Operating Margin	-61.75%
Pretax Margin	-62.70%
Profit Margin	-63.17%
EBITDA Margin	-60.64%
EBIT Margin	-61.75%
FCF Margin	-50.45%

Dividends & Yields

FTC Solar does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-16.26%
Shareholder Yield	-16.26%
Earnings Yield	-69.18%
FCF Yield	-55.25%

Analyst Forecast

The average price target for FTC Solar is $1.04, which is 76.90% higher than the current price. The consensus rating is "Buy".

Price Target	$1.04
Price Target Difference	76.90%
Analyst Consensus	Buy
Analyst Count	6
Revenue Growth Forecast (5Y)	33.90%
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

FTC Solar has an Altman Z-Score of -3.5 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-3.5
Piotroski F-Score	2