FTC Solar Valuation

Is FTCI 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 FTCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FTCI. This is calculated by dividing FTCI's market cap by their current revenue.
What is FTCI's PS Ratio?
PS Ratio0.8x
SalesUS$57.35m
Market CapUS$48.55m

Price to Sales Ratio vs Peers

How does FTCI's PS Ratio compare to its peers?

The above table shows the PS ratio for FTCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
ZEO Zeo Energy
0.08xn/aUS$7.8m
SMXT SolarMax Technology
1.9xn/aUS$51.2m
OESX Orion Energy Systems
0.3x15.5%US$26.8m
LNKS Linkers Industries
10.4xn/aUS$67.3m
FTCI FTC Solar
0.8x45.2%US$48.6m

Price-To-Sales vs Peers: FTCI is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (3.2x).


Price to Sales Ratio vs Industry

How does FTCI's PS Ratio compare vs other companies in the US Electrical Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
BW Babcock & Wilcox Enterprises
0.2x-0.03%US$186.75m
TPIC TPI Composites
0.07x14.1%US$101.78m
CBAT CBAK Energy Technology
0.4x21.1%US$80.94m
STEM Stem
0.2x31.0%US$65.36m
FTCI 0.8xIndustry Avg. 2.0xNo. of Companies26PS02.44.87.29.612+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FTCI is good value based on its Price-To-Sales Ratio (0.8x) compared to the US Electrical industry average (2x).


Price to Sales Ratio vs Fair Ratio

What is FTCI'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.

FTCI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: FTCI is expensive based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


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 FTCI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.36
US$0.88
+145.4%
54.5%US$1.50US$0.40n/a6
Nov ’25US$0.56
US$0.83
+47.2%
64.4%US$1.50US$0.27n/a6
Oct ’25US$0.59
US$0.78
+33.2%
64.9%US$1.50US$0.27n/a7
Sep ’25US$0.24
US$0.78
+230.1%
64.9%US$1.50US$0.27n/a7
Aug ’25US$0.41
US$0.98
+138.3%
63.0%US$2.00US$0.40n/a7
Jul ’25US$0.30
US$0.98
+222.5%
63.0%US$2.00US$0.40n/a7
Jun ’25US$0.52
US$0.98
+88.9%
63.0%US$2.00US$0.40n/a7
May ’25US$0.45
US$0.99
+122.1%
60.8%US$2.00US$0.45n/a7
Apr ’25US$0.53
US$1.01
+91.4%
58.9%US$2.00US$0.45n/a7
Mar ’25US$0.51
US$1.29
+153.7%
60.7%US$2.50US$0.20n/a8
Feb ’25US$0.52
US$1.29
+145.5%
60.7%US$2.50US$0.20n/a8
Jan ’25US$0.69
US$1.29
+85.8%
60.7%US$2.50US$0.20n/a8
Dec ’24US$0.69
US$1.29
+88.4%
60.0%US$2.50US$0.20n/a8
Nov ’24US$1.05
US$4.16
+296.4%
49.9%US$9.00US$1.50US$0.568
Oct ’24US$1.28
US$4.29
+235.0%
45.3%US$9.00US$2.50US$0.598
Sep ’24US$1.99
US$4.29
+115.5%
45.3%US$9.00US$2.50US$0.248
Aug ’24US$3.75
US$4.75
+26.7%
35.7%US$9.00US$3.00US$0.418
Jul ’24US$3.22
US$4.69
+45.6%
36.9%US$9.00US$3.00US$0.308
Jun ’24US$2.78
US$4.69
+68.6%
36.9%US$9.00US$3.00US$0.528
May ’24US$2.64
US$4.61
+74.7%
35.7%US$9.00US$3.00US$0.459
Apr ’24US$2.25
US$4.81
+113.9%
35.6%US$9.00US$3.00US$0.538
Mar ’24US$2.89
US$4.88
+68.7%
40.0%US$9.00US$2.00US$0.518
Feb ’24US$2.82
US$4.50
+59.6%
46.8%US$9.00US$2.00US$0.528
Jan ’24US$2.68
US$4.69
+74.9%
46.2%US$9.00US$2.00US$0.698
Dec ’23US$2.28
US$4.69
+105.6%
46.2%US$9.00US$2.00US$0.698
Nov ’23US$2.02
US$6.44
+218.7%
43.5%US$12.00US$2.00US$1.058

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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