Shoals Technologies Group, Inc.

NasdaqGM:SHLS Stock Report

Market Cap: US$2.0b

Shoals Technologies Group Valuation

Is SHLS 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: SHLS ($11.76) is trading below our estimate of fair value ($28.75)

Significantly Below Fair Value: SHLS is trading below fair value by more than 20%.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SHLS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.4x
Enterprise Value/EBITDA24.2x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does SHLS's PE Ratio compare to its peers?

The above table shows the PE ratio for SHLS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.5x
ARRY Array Technologies
26.7x20.4%US$2.3b
POWL Powell Industries
21.6x11.3%US$1.7b
VICR Vicor
32x1.9%US$1.7b
THR Thermon Group Holdings
21.8x-16.9%US$1.1b
SHLS Shoals Technologies Group
50.1x28.0%US$2.0b

Price-To-Earnings vs Peers: SHLS is expensive based on its Price-To-Earnings Ratio (50.1x) compared to the peer average (25.5x).


Price to Earnings Ratio vs Industry

How does SHLS's PE Ratio compare vs other companies in the US Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SHLS is expensive based on its Price-To-Earnings Ratio (50.1x) compared to the US Electrical industry average (21.8x).


Price to Earnings Ratio vs Fair Ratio

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

SHLS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio50.1x
Fair PE Ratio33.3x

Price-To-Earnings vs Fair Ratio: SHLS is expensive based on its Price-To-Earnings Ratio (50.1x) compared to the estimated Fair Price-To-Earnings Ratio (33.3x).


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 SHLS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.76
US$18.85
+60.3%
21.3%US$26.00US$10.00n/a20
Mar ’25US$13.35
US$18.95
+41.9%
20.5%US$26.00US$10.00n/a20
Feb ’25US$14.17
US$24.11
+70.1%
29.4%US$42.00US$11.00n/a19
Jan ’25US$15.54
US$24.67
+58.7%
29.1%US$42.00US$11.00n/a18
Dec ’24US$14.83
US$25.44
+71.6%
27.3%US$42.00US$11.00n/a18
Nov ’24US$14.45
US$28.35
+96.2%
25.9%US$42.00US$15.00n/a17
Oct ’24US$18.25
US$29.94
+64.0%
23.3%US$42.00US$15.00n/a16
Sep ’24US$20.53
US$30.88
+50.4%
20.1%US$42.00US$20.00n/a16
Aug ’24US$26.11
US$30.94
+18.5%
20.3%US$42.00US$19.00n/a16
Jul ’24US$25.56
US$30.81
+20.5%
19.7%US$42.00US$19.00n/a16
Jun ’24US$24.28
US$30.81
+26.9%
19.7%US$42.00US$19.00n/a16
May ’24US$20.29
US$31.07
+53.1%
17.8%US$41.00US$20.00n/a15
Apr ’24US$22.79
US$31.27
+37.2%
17.6%US$41.00US$20.00n/a15
Mar ’24US$25.15
US$30.87
+22.7%
18.5%US$41.00US$20.00US$13.3515
Feb ’24US$28.07
US$31.00
+10.4%
18.3%US$41.00US$20.00US$14.1715
Jan ’24US$24.67
US$31.32
+27.0%
20.0%US$41.00US$20.00US$15.5414
Dec ’23US$23.30
US$31.65
+35.9%
19.8%US$41.00US$20.00US$14.8313
Nov ’23US$22.88
US$30.19
+32.0%
23.2%US$40.00US$18.00US$14.4513
Oct ’23US$21.55
US$30.19
+40.1%
22.4%US$40.00US$18.00US$18.2513
Sep ’23US$25.63
US$29.36
+14.5%
20.0%US$40.00US$18.00US$20.5314
Aug ’23US$22.39
US$23.73
+6.0%
26.5%US$40.00US$13.50US$26.1113
Jul ’23US$16.29
US$22.89
+40.5%
27.9%US$40.00US$13.50US$25.5614
Jun ’23US$14.94
US$21.82
+46.1%
30.3%US$40.00US$13.50US$24.2814
May ’23US$9.98
US$26.62
+166.7%
30.0%US$44.00US$16.00US$20.2913
Apr ’23US$17.07
US$27.69
+62.2%
26.8%US$44.00US$16.00US$22.7913
Mar ’23US$16.55
US$32.75
+97.9%
26.6%US$44.00US$20.00US$25.1512

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.


Discover undervalued companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.