Market Cap
US$13.0m
Last Updated
2020/07/11 00:13 UTC
Data Sources
Company Financials +
Executive Summary
Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Washington.
Risk Analysis
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Adequate balance sheet and overvalued.
Share Price & News
How has Sunworks's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SUNW's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.2%
SUNW
-0.7%
US Electrical
1.3%
US Market
1 Year Return
-78.9%
SUNW
4.1%
US Electrical
6.1%
US Market
Return vs Industry: SUNW underperformed the US Electrical industry which returned 4.1% over the past year.
Return vs Market: SUNW underperformed the US Market which returned 6.1% over the past year.
Shareholder returns
| SUNW | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | -0.7% | 1.3% |
| 30 Day | 55.1% | -6.3% | -0.3% |
| 90 Day | 110.5% | 16.4% | 16.6% |
| 1 Year | -78.9%-78.9% | 6.3%4.1% | 8.4%6.1% |
| 3 Year | -94.2%-94.2% | 15.7%9.0% | 35.8%26.9% |
| 5 Year | -96.2%-96.2% | 9.6%0.9% | 62.7%44.7% |
Price Volatility Vs. Market
How volatile is Sunworks's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Can We Make Of Sunworks' (NASDAQ:SUNW) CEO Compensation?4 months ago | Simply Wall St
Do Directors Own Sunworks, Inc. (NASDAQ:SUNW) Shares?5 months ago | Simply Wall St
What Did Sunworks, Inc.'s (NASDAQ:SUNW) CEO Take Home Last Year?Valuation
Is Sunworks undervalued compared to its fair value and its price relative to the market?
1.36x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SUNW's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SUNW's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SUNW is unprofitable, so we can't compare its PE Ratio to the US Electrical industry average.
PE vs Market: SUNW is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SUNW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SUNW is good value based on its PB Ratio (1.4x) compared to the US Electrical industry average (2.4x).
Next Steps
Future Growth
How is Sunworks forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
69.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SUNW is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SUNW is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SUNW is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: SUNW's revenue is expected to decline over the next 3 years (-5.5% per year).
High Growth Revenue: SUNW's revenue is forecast to decline over the next 3 years (-5.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SUNW's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Sunworks performed over the past 5 years?
4.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SUNW is currently unprofitable.
Growing Profit Margin: SUNW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SUNW is unprofitable, but has reduced losses over the past 5 years at a rate of 4.3% per year.
Accelerating Growth: Unable to compare SUNW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SUNW is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (-14.4%).
Return on Equity
High ROE: SUNW has a negative Return on Equity (-119.62%), as it is currently unprofitable.
Next Steps
Financial Health
How is Sunworks's financial position?
Financial Position Analysis
Short Term Liabilities: SUNW's short term assets ($20.5M) exceed its short term liabilities ($17.4M).
Long Term Liabilities: SUNW's short term assets ($20.5M) exceed its long term liabilities ($952.0K).
Debt to Equity History and Analysis
Debt Level: SUNW's debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: SUNW's debt to equity ratio has increased from 6.5% to 22.9% over the past 5 years.
Balance Sheet
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: SUNW has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SUNW has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 36.7% each year.
Next Steps
Dividend
What is Sunworks's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SUNW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SUNW'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 SUNW's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SUNW's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SUNW's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Chuck Cargile (55yo)
3.25yrs
Tenure
US$577,700
Compensation
Mr. Charles F. Cargile, also known as Chuck, has been the Chief Executive Officer of Sunworks, Inc. since April 2, 2017 and has been its Chairman since January 29, 2020. Mr. Cargile has been an Executive A ...
CEO Compensation Analysis
Compensation vs Market: Chuck's total compensation ($USD577.70K) is about average for companies of similar size in the US market ($USD620.12K).
Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3.25yrs | US$577.70k | 0.51% $65.6k | |
| Interim Chief Financial Officer | 1.42yrs | US$191.60k | 0.013% $1.7k | |
| Chief Scientist | 18.5yrs | US$60.00k | no data | |
| Director of Business Development | 13.42yrs | no data | no data | |
| Chief Scientific Advisor | no data | no data | no data | |
| Managing Director | 3.75yrs | no data | no data | |
| Controller | no data | no data | no data | |
| President of Commercial Solar | no data | no data | no data |
3.8yrs
Average Tenure
64yo
Average Age
Experienced Management: SUNW's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3.25yrs | US$577.70k | 0.51% $65.6k | |
| Independent Director | 2.17yrs | US$39.57k | no data | |
| Independent Director | 2.25yrs | US$39.57k | no data | |
| Independent Director | 0.75yr | US$16.14k | no data | |
| Independent Director | 3.67yrs | US$39.57k | no data |
2.2yrs
Average Tenure
55yo
Average Age
Experienced Board: SUNW's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 319.5%.
Top Shareholders
Company Information
Sunworks, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sunworks, Inc.
- Ticker: SUNW
- Exchange: NasdaqCM
- Founded: 2002
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$12.954m
- Shares outstanding: 16.63m
- Website: https://sunworksusa.com
Number of Employees
Location
- Sunworks, Inc.
- 1030 Winding Creek Road
- Suite 100
- Roseville
- California
- 95678
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SUNW | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Feb 2006 |
| 7SL2 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 2006 |
Biography
Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Washington. The company also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger projects. In addition, it offers a range of installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was founded in 2002 and is headquartered in Roseville, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/11 00:13 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.