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Sunworks

Nasdaq:SUNW
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUNW
Nasdaq
$14M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Sunworks, Inc., through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The last earnings update was 45 days ago. More info.


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  • Sunworks has significant price volatility in the past 3 months.
SUNW Share Price and Events
Price Volatility
SUNW
Industry
5yr Volatility vs Market

Value

 Is Sunworks undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Sunworks. This is due to cash flow or dividend data being unavailable. The share price is $0.558.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sunworks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sunworks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SUNW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $-0.38
NasdaqCM:SUNW Share Price ** NasdaqCM (2018-09-21) in USD $0.56
United States of America Electrical Industry PE Ratio Median Figure of 29 Publicly-Listed Electrical Companies 19.73x
United States of America Market PE Ratio Median Figure of 3,049 Publicly-Listed Companies 20.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sunworks.

NasdaqCM:SUNW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SUNW Share Price ÷ EPS (both in USD)

= 0.56 ÷ -0.38

-1.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunworks is loss making, we can't compare its value to the US Electrical industry average.
  • Sunworks is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Sunworks's expected growth come at a high price?
Raw Data
NasdaqCM:SUNW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
107.6%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 1.66x
United States of America Market PEG Ratio Median Figure of 2,046 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NasdaqCM:SUNW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= -1.46x ÷ 107.6%

-0.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunworks is loss making, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sunworks's assets?
Raw Data
NasdaqCM:SUNW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $0.46
NasdaqCM:SUNW Share Price * NasdaqCM (2018-09-21) in USD $0.56
United States of America Electrical Industry PB Ratio Median Figure of 60 Publicly-Listed Electrical Companies 1.82x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 2.02x
NasdaqCM:SUNW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SUNW Share Price ÷ Book Value per Share (both in USD)

= 0.56 ÷ 0.46

1.21x

* Primary Listing of Sunworks.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunworks is good value based on assets compared to the US Electrical industry average.
X
Value checks
We assess Sunworks's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Sunworks has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sunworks expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
107.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sunworks expected to grow at an attractive rate?
  • Sunworks's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Sunworks's earnings growth is expected to exceed the United States of America market average.
  • Sunworks's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SUNW Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:SUNW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 107.6%
NasdaqCM:SUNW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 16.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:SUNW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:SUNW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 96 -1 2 1
2019-12-31 90 1 0 2
2018-12-31 81 -5 -3 2
NasdaqCM:SUNW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 72 -3 -9
2018-03-31 77 -2 -6
2017-12-31 77 -4 -7
2017-09-30 77 1 -7
2017-06-30 75 -3 -12
2017-03-31 81 0 -12
2016-12-31 86 2 -9
2016-09-30 85 0 -5
2016-06-30 87 1 3
2016-03-31 67 -4 2
2015-12-31 54 1 1
2015-09-30 42 -3 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sunworks's earnings are expected to grow significantly at over 20% yearly.
  • Sunworks's revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:SUNW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Sunworks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SUNW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.06 0.06 0.06 1.00
2019-12-31 0.02 0.04 0.00 2.00
2018-12-31 -0.13 -0.11 -0.15 2.00
NasdaqCM:SUNW Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 -0.38
2018-03-31 -0.27
2017-12-31 -0.32
2017-09-30 -0.34
2017-06-30 -0.54
2017-03-31 -0.57
2016-12-31 -0.46
2016-09-30 -0.23
2016-06-30 0.16
2016-03-31 0.12
2015-12-31 0.06
2015-09-30 -0.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sunworks is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sunworks's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sunworks has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sunworks performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sunworks's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sunworks does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Sunworks's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sunworks's 1-year growth to the US Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Sunworks's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sunworks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SUNW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 71.53 -8.90 17.42
2018-03-31 76.55 -6.05 18.29
2017-12-31 77.45 -7.22 19.57
2017-09-30 76.60 -7.46 21.36
2017-06-30 75.36 -11.58 26.96
2017-03-31 81.34 -11.91 29.63
2016-12-31 86.42 -9.38 29.81
2016-09-30 85.30 -4.54 28.50 0.00
2016-06-30 87.47 2.95 21.82 0.01
2016-03-31 67.48 2.08 17.09 0.05
2015-12-31 53.71 1.06 14.57 0.05
2015-09-30 41.63 -7.42 10.74 0.08
2015-06-30 28.34 -22.58 8.81 0.10
2015-03-31 24.80 -22.24 6.79 0.08
2014-12-31 20.19 -24.87 4.98 0.11
2014-09-30 14.96 -19.18 4.27 0.11
2014-06-30 8.52 -6.92 2.78 0.11
2014-03-31 1.05 -7.75 1.82 0.11
2013-12-31 -3.81 0.97 0.11
2013-09-30 -3.12 1.15 0.11
2013-06-30 -1.92 1.28 0.12
2013-03-31 -1.69 1.29 0.13
2012-12-31 -2.04 1.32 0.16
2012-09-30 -1.57 1.33 0.16
2012-06-30 -1.67 1.35 0.18
2012-03-31 -1.66 1.37 0.17
2011-12-31 -1.55 1.36 0.13
2011-09-30 -1.42 1.25 0.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Sunworks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sunworks has efficiently used its assets last year compared to the US Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sunworks improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sunworks's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sunworks has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sunworks's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sunworks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sunworks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sunworks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sunworks's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sunworks Company Filings, last reported 2 months ago.

NasdaqCM:SUNW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 11.82 5.33 4.75
2018-03-31 12.76 1.90 1.56
2017-12-31 15.66 1.96 6.36
2017-09-30 18.52 2.25 6.38
2017-06-30 20.18 2.24 4.17
2017-03-31 18.78 2.22 4.20
2016-12-31 21.20 2.33 11.07
2016-09-30 24.58 1.92 6.66
2016-06-30 26.77 1.37 7.66
2016-03-31 23.94 3.39 6.42
2015-12-31 23.54 3.86 12.04
2015-09-30 16.85 2.33 9.26
2015-06-30 15.42 2.09 9.33
2015-03-31 16.18 1.03 11.23
2014-12-31 1.96 1.78 0.41
2014-09-30 -10.68 1.74 1.29
2014-06-30 -0.80 1.31 1.23
2014-03-31 -2.11 0.72 0.34
2013-12-31 -3.45 0.52 0.01
2013-09-30 -2.28 0.40 0.10
2013-06-30 -1.02 0.29 0.04
2013-03-31 -0.82 0.24 0.01
2012-12-31 -0.89 0.12 0.03
2012-09-30 -0.22 0.06 0.01
2012-06-30 -0.21 0.11
2012-03-31 -0.15 0.09
2011-12-31 0.00 0.01
2011-09-30 -0.00 0.00 0.01
  • Sunworks's level of debt (45.1%) compared to net worth is high (greater than 40%).
  • Sunworks had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
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.

  • Whilst loss making Sunworks has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Sunworks has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -94.9% per year.
X
Financial health checks
We assess Sunworks's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sunworks has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sunworks's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sunworks dividends.
If you bought $2,000 of Sunworks shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sunworks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sunworks's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:SUNW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1973 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.7%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.3%
United States of America Top 25% Dividend Yield 75th Percentile 3.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:SUNW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sunworks has not reported any payouts.
  • Unable to verify if Sunworks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sunworks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sunworks has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sunworks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sunworks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sunworks has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sunworks's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chuck Cargile, image provided by Google.
Chuck Cargile
COMPENSATION $581,889
AGE 53
TENURE AS CEO 1.4 years
CEO Bio

Mr. Charles F. Cargile, also known as Chuck, has been the Chief Executive Officer of Sunworks, Inc. since April 2, 2017. Mr. Cargile has been an Executive Advisor to MKS Industries since July 2016. Mr. Cargile served as the Chief Financial Officer of Newport Corp. since October 2000 until July 2016 and served as its Treasurer since April 2013 until April 2016. He served as Senior Vice President of Newport Corp. since July 2004 and served as its Treasurer from February 2005 to April 2010. He joined Newport Corp., in October 2000 and served as its Vice President since October 2000. He served as Principal Accounting Officer and Corporate Controller of BW/IP International Inc. since 1996. Mr. Cargile served as Director of Corporate Accounting of BW/IP Inc. from March 1996 to December 1996 and Manager of Operations and Financial Analysis from 1992 to March 1996. He served as Vice President, Finance and Corporate Development for York International Corporation from 1998 to 2000. He joined York in November 1998 and served in a number of executive positions, including Corporate Controller and Chief Accounting Officer, until his promotion to Vice President, Finance and Corporate Development in February 2000. He served as Corporate Controller and Principal Accounting Officer of BW/IP Inc. (now Flowserve Corporation), holding company of BW/IP International Inc. from 1992 to November 1998. He has an extensive background in financial and strategic planning, public company mergers and acquisitions (M&A), operations, information technology and capital structure management. He has 25 years of public company experience. He has been a Director of Photon Control Inc. since March 31, 2017. He has been a Director of Sunworks, Inc. since September 2, 2016. He served as a Director of Netlist Inc. from August 2013 to December 26, 2017 and served as its Lead Independent Director until December 26, 2017. He served as a Director of Reed's, Inc. from November 29, 2016 to January 6, 2018. He has been a Director of Ebridge, Inc. since December 2, 2010. He has a Professional Director Certification from the American College of Corporate Directors. Mr. Cargile holds a Bachelor of Science degree in Accounting from Oklahoma State University and a Master's degree in Business Administration from the Marshall School Of Business at the University of Southern California.

CEO Compensation
  • Chuck's compensation has been consistent with company performance over the past year.
  • Chuck's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Sunworks management team in years:

1.9
Average Tenure
39
Average Age
  • The average tenure for the Sunworks management team is less than 2 years, this suggests a new team.
Management Team

Chuck Cargile

TITLE
CEO & Director
COMPENSATION
$582K
AGE
53
TENURE
1.4 yrs

Phil Radmilovic

TITLE
Chief Financial Officer
AGE
36
TENURE
0.3 yrs

Gerry Nadler

TITLE
Chief Scientist
COMPENSATION
$60K
AGE
75
TENURE
16.7 yrs

Chris Outwater

TITLE
Director of Business Development
TENURE
11.6 yrs

Nadir Dagli

TITLE
Chief Scientific Advisor

Charles Cunningham

TITLE
Managing Director
TENURE
1.9 yrs

Amanda Sanchez

TITLE
Controller

Emil Beitpolous

TITLE
President of Residential Solar
COMPENSATION
$2M
AGE
39

Kirk Short

TITLE
President of Commercial Solar

Mikhail Podnebesnyy

TITLE
Director of Engineering
COMPENSATION
$2M
AGE
38
Board of Directors Tenure

Average tenure and age of the Sunworks board of directors in years:

0.4
Average Tenure
52
Average Age
  • The average tenure for the Sunworks board of directors is less than 3 years, this suggests a new board.
Board of Directors

Josh Schechter

TITLE
Chairman
AGE
45
TENURE
0.3 yrs

Chuck Cargile

TITLE
CEO & Director
COMPENSATION
$582K
AGE
53
TENURE
2 yrs

Rhone Resch

TITLE
Director
COMPENSATION
$46K
AGE
51
TENURE
1.8 yrs

Daniel Gross

TITLE
Independent Director
TENURE
0.4 yrs

Stan Speer

TITLE
Director
AGE
57
TENURE
0.3 yrs
Recent Insider Trading
  • More shares have been bought than sold by Sunworks insiders in the past 3 months, but not in substantial volumes.
Who owns this company?
X
Management checks
We assess Sunworks's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sunworks has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Should You Care About Sunworks Inc’s (NASDAQ:SUNW) Cash Levels?

I will take you through Sunworks’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash Sunworks has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … I will be analysing Sunworks’s FCF by looking at its FCF yield and its operating cash flow growth.

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What Investors Should Know About Sunworks Inc's (NASDAQ:SUNW) Financial Strength

Sunworks Inc (NASDAQ:SUNW) is a small-cap stock with a market capitalization of US$25.65m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

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Who Are The Major Shareholders Of Sunworks Inc (NASDAQ:SUNW)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … General Public Ownership The general public holds a substantial 91.08% stake in SUNW, making it a highly popular stock among retail investors. … Next Steps: Institutional ownership in SUNW is not at a level that would concern investors.

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Sunworks Inc (NASDAQ:SUNW): Is It Growing Too Fast?

Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … Cash burn is when a loss-making company spends its equity to fund its expenses before making money from its day-to-day business. … The measure of how fast Sunworks goes through its cash reserves over time is called the cash burn rate.

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Should You Be Concerned With Sunworks Inc's (NASDAQ:SUNW) -64.22% Earnings Drop?

Today I will assess SUNW's recent performance announced on 30 September 2017 and compare these figures to its historical trend and industry movements. … View our latest analysis for Sunworks Was SUNW's recent earnings decline indicative of a tough track record? … For the most up-to-date info, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data.

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What You Must Know About Sunworks Inc's (NASDAQ:SUNW) Financial Strength

How does SUNW’s operating cash flow stack up against its debt? … Moreover, SUNW has generated cash from operations of US$1.83M in the last twelve months, resulting in an operating cash to total debt ratio of 78.56%, indicating that SUNW’s debt is appropriately covered by operating cash. … NasdaqCM:SUNW Historical Debt Feb 13th 18 Is SUNW’s debt level acceptable?

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Should You Be Concerned About Sunworks Inc's (NASDAQ:SUNW) -46.9% Earnings Decline?

Analyzing Sunworks Inc's (NASDAQ:SUNW) track record of past performance is a valuable exercise for investors. … Today I will assess SUNW's recent performance announced on 30 September 2017 and compare these figures to its long-term trend and industry movements. … I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data.

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Next Capital Raising For Sunworks Inc (SUNW)?

Looking at SUNW’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … How fast SUNW runs down its cash supply over time is known as the cash burn rate. … My cash burn analysis suggests that, if SUNW continues to spend its cash reserves at this current high rate, it’ll have to raise capital within the upcoming months, which may be a surprise to some shareholders.

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Who Are The Major Shareholders In Sunworks Inc (SUNW)?

See our latest analysis for SUNW NasdaqCM:SUNW Ownership Summary Nov 4th 17 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … With a low level of institutional ownership, investors in SUNW need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Does Sunworks Inc's (SUNW) Debt Level Pose A Serious Problem?

As cash flow from operation is hindered by adverse events, SUNW may need to liquidate its short-term assets to meet these upcoming payments. … Our analysis shows that SUNW is unable to meet all of its upcoming commitments with its cash and other short-term assets. … In the case of SUNW, the debt-to-equity ratio is 11.08%, which means its debt level does not pose a threat to its operations right now.

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Company Info

Map
Description

Sunworks, Inc., through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial 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.

Details
Name: Sunworks, Inc.
SUNW
Exchange: NasdaqCM
Founded: 2002
$14,336,253
25,692,211
Website: http://sunworksusa.com
Address: Sunworks, Inc.
1030 Winding Creek Road,
Suite 100,
Roseville,
California, 95678,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SUNW Common Stock Nasdaq Capital Market US USD 03. Feb 2006
DB 7SL1 Common Stock Deutsche Boerse AG DE EUR 03. Feb 2006
Number of employees
Current staff
Staff numbers
209
Sunworks employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/09/22 21:22
End of day share price update: 2018/09/21 00:00
Last estimates confirmation: 2018/08/14
Last earnings filing: 2018/08/08
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.