FTCI Stock Overview
FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally.
FTC Solar Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$4.57|
|52 Week High||US$13.98|
|52 Week Low||US$2.12|
|1 Month Change||10.12%|
|3 Month Change||-24.96%|
|1 Year Change||-62.23%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-67.95%|
Recent News & Updates
A First Look At FTC Solar
Today, we take our first look at FTC Solar Inc., a company that has been challenged with most of the solar industry here in 2022. The stock has seen some recent insider buying and analysts project much better times for the company in 2023. An investment analysis follows in the paragraphs below.
Earnings Update: FTC Solar, Inc. (NASDAQ:FTCI) Just Reported And Analysts Are Trimming Their Forecasts
It's shaping up to be a tough period for FTC Solar, Inc. ( NASDAQ:FTCI ), which a week ago released some disappointing...
|FTCI||US Electrical||US Market|
Return vs Industry: FTCI underperformed the US Electrical industry which returned -26.9% over the past year.
Return vs Market: FTCI underperformed the US Market which returned -18.4% over the past year.
|FTCI Average Weekly Movement||19.7%|
|Electrical Industry Average Movement||11.6%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: FTCI is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 20% a week.
Volatility Over Time: FTCI's weekly volatility has increased from 14% to 20% over the past year.
About the Company
FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites.
FTC Solar Fundamentals Summary
|FTCI fundamental statistics|
Is FTCI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FTCI income statement (TTM)|
|Cost of Revenue||US$296.32m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-1.27|
|Net Profit Margin||-49.90%|
How did FTCI perform over the long term?See historical performance and comparison
Is FTCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FTCI?
Other financial metrics that can be useful for relative valuation.
|What is FTCI's n/a Ratio?|
Price to Sales Ratio vs Peers
How does FTCI's PS Ratio compare to its peers?
|FTCI PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: FTCI is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (14.1x).
Price to Earnings Ratio vs Industry
How does FTCI's PE Ratio compare vs other companies in the U.S. Electrical Industry?
Price-To-Sales vs Industry: FTCI is good value based on its Price-To-Sales Ratio (1.8x) compared to the US Electrical industry average (1.8x)
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.
|Current PS Ratio||1.8x|
|Fair PS Ratio||1x|
Price-To-Sales vs Fair Ratio: FTCI is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (1x).
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: FTCI ($4.57) is trading above our estimate of fair value ($1.2)
Significantly Below Fair Value: FTCI is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FTCI's PEG Ratio to determine if it is good value.
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How is FTC Solar forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTCI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: FTCI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FTCI is expected to become profitable in the next 3 years.
Revenue vs Market: FTCI's revenue (33.2% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: FTCI's revenue (33.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FTCI's Return on Equity is forecast to be high in 3 years time (29.4%)
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How has FTC Solar performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: FTCI is currently unprofitable.
Growing Profit Margin: FTCI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if FTCI's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare FTCI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FTCI is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (31.2%).
Return on Equity
High ROE: FTCI has a negative Return on Equity (-105.52%), as it is currently unprofitable.
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How is FTC Solar's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: FTCI's short term assets ($204.3M) exceed its short term liabilities ($84.5M).
Long Term Liabilities: FTCI's short term assets ($204.3M) exceed its long term liabilities ($6.8M).
Debt to Equity History and Analysis
Debt Level: FTCI is debt free.
Reducing Debt: FTCI had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FTCI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FTCI has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 115.5% each year.
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What is FTC Solar current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FTCI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FTCI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FTCI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FTCI's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as FTCI has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sean Hunkler (59 yo)
Mr. Sean Hunkler serves as President, Chief Executive Officer and Director since FTC Solar, Inc. since September 24, 2021. He served as Executive Vice President of Global Operations at Western Digital Corp...
CEO Compensation Analysis
Compensation vs Market: Sean's total compensation ($USD14.72M) is above average for companies of similar size in the US market ($USD2.83M).
Compensation vs Earnings: Insufficient data to compare Sean's compensation with company performance.
Experienced Management: FTCI's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Experienced Board: FTCI's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FTCI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.4%.
FTC Solar, Inc.'s employee growth, exchange listings and data sources
- Name: FTC Solar, Inc.
- Ticker: FTCI
- Exchange: NasdaqGM
- Founded: 2017
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Implied Market Cap: US$456.134m
- Shares outstanding: 99.81m
- Website: https://ftcsolar.com
Number of Employees
- FTC Solar, Inc.
- 9050 North Capital of Texas Highway
- Suite I-260
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.