FTC Solar, Inc.

DB:6YK Stock Report

Market Cap: €50.7m

FTC Solar Valuation

Is 6YK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 6YK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 6YK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 6YK's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6YK?

Key metric: As 6YK is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 6YK. This is calculated by dividing 6YK's market cap by their current revenue.
What is 6YK's PS Ratio?
PS Ratio0.9x
SalesUS$57.35m
Market CapUS$52.77m

Price to Sales Ratio vs Peers

How does 6YK's PS Ratio compare to its peers?

The above table shows the PS ratio for 6YK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
HNL Dr. Hönle
0.5x6.8%€53.2m
VAR1 Varta
0.1x4.3%€95.7m
CY1K SBF
0.6x9.0%€25.0m
CEA FRIWO
2.3xn/a€213.9m
6YK FTC Solar
0.9x45.5%€52.8m

Price-To-Sales vs Peers: 6YK is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does 6YK's PS Ratio compare vs other companies in the DE Electrical Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
VAR1 Varta
0.1x4.3%US$99.47m
C0M Compleo Charging Solutions
0.1x27.6%US$15.58m
No more companies available in this PS range
6YK 0.9xIndustry Avg. 1.0xNo. of Companies3PS00.81.62.43.24+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 6YK is good value based on its Price-To-Sales Ratio (0.9x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is 6YK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6YK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: 6YK is expensive based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 6YK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.35
€0.84
+136.4%
54.5%€1.42€0.38n/a6
Nov ’25€0.48
€0.75
+57.3%
64.4%€1.36€0.24n/a6
Oct ’25€0.60
€0.72
+19.5%
64.9%€1.37€0.25n/a7
Sep ’25€0.19
€0.72
+284.8%
64.9%€1.37€0.25n/a7
Aug ’25€0.35
€0.90
+159.2%
63.0%€1.84€0.37n/a7
Jul ’25€0.29
€0.90
+211.6%
63.0%€1.84€0.37n/a7
Jun ’25€0.44
€0.90
+105.2%
63.0%€1.84€0.37n/a7
May ’25€0.38
€0.92
+144.0%
60.8%€1.86€0.42n/a7
Apr ’25€0.52
€0.93
+77.2%
58.9%€1.84€0.41n/a7
Mar ’25€0.47
€1.17
+146.9%
60.7%€2.28€0.18n/a8
Feb ’25€0.46
€1.17
+157.5%
60.7%€2.28€0.18n/a8
Jan ’25€0.63
€1.17
+85.0%
60.7%€2.28€0.18n/a8
Dec ’24€0.60
€1.21
+103.2%
60.0%€2.34€0.19n/a8
Nov ’24€1.01
€3.93
+290.7%
49.9%€8.50€1.42€0.488
Oct ’24€1.15
€3.93
+241.9%
45.3%€8.25€2.29€0.608
Sep ’24€1.70
€3.93
+131.0%
45.3%€8.25€2.29€0.198
Aug ’24€3.46
€4.29
+24.3%
35.7%€8.14€2.71€0.358
Jul ’24€2.91
€4.37
+50.6%
36.9%€8.40€2.80€0.298
Jun ’24€2.56
€4.37
+71.2%
36.9%€8.40€2.80€0.448
May ’24€2.49
€4.21
+69.4%
35.7%€8.22€2.74€0.389
Apr ’24€2.04
€4.44
+117.6%
35.6%€8.30€2.77€0.528
Mar ’24€2.84
€4.57
+61.0%
40.0%€8.44€1.88€0.478
Feb ’24€2.48
€4.14
+67.1%
46.8%€8.29€1.84€0.468
Jan ’24€2.36
€4.54
+92.2%
46.2%€8.71€1.94€0.638
Dec ’23€2.08
€4.54
+118.0%
46.2%€8.71€1.94€0.608
Nov ’23€2.10
€6.52
+210.5%
43.5%€12.15€2.03€1.018

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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