FTCI Valuation

FTC Solar Inc

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5.930

+0.29(5.142%)1D

Overview
Forecast
Valuation
Earnings

FTCI Relative Valuation

FTCI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FTCI is overvalued; if below, it's undervalued.

Historical Valuation

FTC Solar Inc (FTCI) is now in the Undervalued zone, suggesting that its current forward PS ratio of 0.53 is considered Undervalued compared with the five-year average of -24.77. The fair price of FTC Solar Inc (FTCI) is between 6.73 to 23.46 according to relative valuation methord. Compared to the current price of 5.93 USD , FTC Solar Inc is Undervalued By 11.92%.

Relative Value

Fair Zone

6.73-23.46

Current Price：5.93

11.92%

Undervalued

-4.97

Trailing

Forward

-5.56

EV/EBITDA

FTC Solar Inc. (FTCI) has a current EV/EBITDA of -5.56. The 5-year average EV/EBITDA is -21.25. The thresholds are as follows: Strongly Undervalued below -88.13, Undervalued between -88.13 and -54.69, Fairly Valued between 12.20 and -54.69, Overvalued between 12.20 and 45.64, and Strongly Overvalued above 45.64. The current Forward EV/EBITDA of -5.56 falls within the Historic Trend Line -Fairly Valued range.

-3.23

EV/EBIT

FTC Solar Inc. (FTCI) has a current EV/EBIT of -3.23. The 5-year average EV/EBIT is 11.54. The thresholds are as follows: Strongly Undervalued below -173.41, Undervalued between -173.41 and -80.93, Fairly Valued between 104.01 and -80.93, Overvalued between 104.01 and 196.48, and Strongly Overvalued above 196.48. The current Forward EV/EBIT of -3.23 falls within the Historic Trend Line -Fairly Valued range.

0.53

FTC Solar Inc. (FTCI) has a current PS of 0.53. The 5-year average PS is 1.27. The thresholds are as follows: Strongly Undervalued below -0.59, Undervalued between -0.59 and 0.34, Fairly Valued between 2.20 and 0.34, Overvalued between 2.20 and 3.13, and Strongly Overvalued above 3.13. The current Forward PS of 0.53 falls within the Historic Trend Line -Fairly Valued range.

2.59

P/OCF

FTC Solar Inc. (FTCI) has a current P/OCF of 2.59. The 5-year average P/OCF is 1.60. The thresholds are as follows: Strongly Undervalued below -116.24, Undervalued between -116.24 and -57.32, Fairly Valued between 60.52 and -57.32, Overvalued between 60.52 and 119.44, and Strongly Overvalued above 119.44. The current Forward P/OCF of 2.59 falls within the Historic Trend Line -Fairly Valued range.

2.69

P/FCF

FTC Solar Inc. (FTCI) has a current P/FCF of 2.69. The 5-year average P/FCF is -5.28. The thresholds are as follows: Strongly Undervalued below -211.60, Undervalued between -211.60 and -108.44, Fairly Valued between 97.89 and -108.44, Overvalued between 97.89 and 201.05, and Strongly Overvalued above 201.05. The current Forward P/FCF of 2.69 falls within the Historic Trend Line -Fairly Valued range.

FTC Solar Inc (FTCI) has a current Price-to-Book (P/B) ratio of 9.28. Compared to its 3-year average P/B ratio of 2.59 , the current P/B ratio is approximately 258.54% higher. Relative to its 5-year average P/B ratio of 64.77, the current P/B ratio is about -85.68% higher. FTC Solar Inc (FTCI) has a Forward Free Cash Flow (FCF) yield of approximately -36.51%. Compared to its 3-year average FCF yield of -52.80%, the current FCF yield is approximately -30.86% lower. Relative to its 5-year average FCF yield of -42.57% , the current FCF yield is about -14.24% lower.

9.28

P/B

Median3y

2.59

Median5y

64.77

-36.51

FCF Yield

Median3y

-52.80

Median5y

-42.57

Competitors Valuation Multiple

The average P/S ratio for FTCI's competitors is 1.44, providing a benchmark for relative valuation. FTC Solar Inc Corp (FTCI) exhibits a P/S ratio of 0.53, which is -63.21% above the industry average. Given its robust revenue growth of 74.92%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of FTCI increased by 150.53% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -0.76 to -1.55.

The secondary factor is the Revenue Growth, contributed 74.92%to the performance.

Overall, the performance of FTCI in the past 1 year is driven by P/E Change. Which is more unsustainable.

74.92%

11.43M → 19.99M

Revenue Growth

-27.94%

-107.10 → -77.18

Margin Expansion

103.55%

-0.76 → -1.55

P/E Change

150.53%