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Shoals Technologies Group Inc

Technology US SHLS

4.445USD
0.29(7.11%)

Last update at 2024-11-20T20:49:00Z

Day Range

4.074.53
LowHigh

52 Week Range

6.2928.34
LowHigh

Fundamentals

  • Previous Close 4.15
  • Market Cap1371.88M
  • Volume4100799
  • P/E Ratio47.35
  • Dividend Yield-%
  • EBITDA75.54M
  • Revenue TTM474.66M
  • Revenue Per Share TTM2.79
  • Gross Profit TTM 131.31M
  • Diluted EPS TTM0.17

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 152.00M 4.03M 33.77M 25.14M 8.65M
Minority interest -15.40200M 1.60M - - -
Net income 127.61M 3.94M 33.77M 25.14M 8.65M
Selling general administrative 55.91M 37.89M 21.01M 9.06M 8.90M
Selling and marketing expenses - - - - -
Gross profit 131.31M 82.64M 66.55M 44.21M 28.17M
Reconciled depreciation 10.51M 10.05M 9.40M 9.16M 8.99M
Ebit 170.54M 36.23M 37.28M 26.93M 11.09M
Ebitda 181.05M 44.62M 46.68M 36.09M 20.08M
Depreciation and amortization 10.51M 8.39M 9.40M 9.16M 8.99M
Non operating income net other - -15.99000M - - -
Operating income 170.54M 36.23M 37.28M 26.93M 11.09M
Other operating expenses 260.61M 176.98M 138.24M 117.57M 92.66M
Interest expense 18.54M 14.55M 3.51M 1.79M 2.44M
Tax provision 8.99M 0.09M - - -
Interest income - - - - -
Net interest income -18.53800M -14.54900M -3.51000M -1.78700M -2.44000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 8.99M 0.09M 3.51M 1.79M -
Total revenue 326.94M 213.21M 175.52M 144.50M 103.75M
Total operating expenses 64.98M 46.41M 29.27M 17.28M 17.08M
Cost of revenue 195.63M 130.57M 108.97M 100.28M 75.58M
Total other income expense net -18.53800M -32.20200M -3.51000M -1.78700M -2.44000M
Discontinued operations - - - - -
Net income from continuing ops 143.01M 5.61M 33.77M 25.14M 8.65M
Net income applicable to common shares 127.61M 2.35M 33.77M 25.14M 8.65M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 855.50M 594.89M 426.41M 195.31M 187.61M
Intangible assets 48.67M 56.59M 65.24M 71.99M 79.97M
Earning assets - - - - -
Other current assets 4.42M 4.63M 5.04M 0.15M 0.80M
Total liab 310.50M 293.91M 433.91M 379.43M 37.70M
Total stockholder equity 545.00M 291.37M 2.55M -184.12300M 149.91M
Deferred long term liab - - - 3.70M -
Other current liab 52.87M 17.88M 9.57M 5.97M 1.26M
Common stock 0.00200M 0.00200M 0.00200M -184.12300M 149.91M
Capital stock 0.00200M 0.00200M 0.00200M - -
Retained earnings 74.45M 34.48M -93.13300M - -
Other liab - 0.96M 157.31M - -
Good will 69.94M 69.94M 69.44M 50.18M 50.18M
Other assets - 293.90M 182.72M 4.24M -
Cash 22.71M 8.77M 5.01M 10.07M 7.08M
Cash and equivalents - - - - -
Total current liabilities 92.63M 52.62M 31.55M 24.10M 24.54M
Current deferred revenue 22.23M 23.26M - - -
Net debt 161.99M 230.30M 242.05M 348.76M 18.97M
Short term debt 3.14M 2.00M 2.00M 3.50M 12.89M
Short long term debt 2.00M 2.00M 2.00M 3.50M 12.89M
Short long term debt total 184.70M 239.06M 247.05M 358.83M 26.05M
Other stockholder equity 470.54M 256.89M 95.68M -184.12300M 152.55M
Property plant equipment - 20.93M 15.57M 12.76M 10.95M
Total current assets 227.19M 153.54M 93.45M 56.15M 46.51M
Long term investments - - - - -
Net tangible assets - 164.85M -132.11900M -306.28700M 19.76M
Short term investments - - - - -
Net receivables 147.25M 67.29M 45.03M 30.80M 29.80M
Long term debt 179.44M 237.06M 55.14M 355.33M 13.16M
Inventory 52.80M 72.85M 38.37M 15.12M 8.83M
Accounts payable 14.40M 9.48M 19.98M 14.63M 10.38M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - -10.05100M - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.00000M - - - -2.64400M
Additional paid in capital - - - - -
Common stock total equity - - 0.00200M - -
Preferred stock total equity - - - - -
Retained earnings total equity - - -93.13300M - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 2.30M 6.33M 5.76M 4.24M -
Deferred long term asset charges - - - - -
Non current assets total 628.31M 441.36M 332.97M 139.16M 141.10M
Capital lease obligations - - - - -
Long term debt total - - 55.14M - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -3.65700M -17.03500M -3.23600M -1.71900M -1.40500M
Change to liabilities 10.39M -8.38800M 4.25M 4.20M -0.65600M
Total cashflows from investing activities -3.65700M -17.03500M -3.23600M -1.71900M -1.40500M
Net borrowings -9.14000M -117.70400M 343.75M -13.50000M -8.50000M
Total cash from financing activities -36.58900M 20.60M -47.85500M -27.48900M -19.16100M
Change to operating activities 10.91M -4.17000M 5.35M -0.14600M 0.31M
Net income 143.01M 3.94M 33.77M 25.14M 8.65M
Change in cash -0.79100M -0.51600M 2.99M 6.97M -17.56500M
Begin period cash flow 9.56M 10.07M 7.08M 0.11M 17.67M
End period cash flow 8.77M 9.56M 10.07M 7.08M 0.11M
Total cash from operating activities 39.45M -4.08300M 54.08M 36.18M 3.00M
Issuance of capital stock 42.94M 559.90M - - -
Depreciation 10.51M 10.05M 9.40M 9.16M 8.99M
Other cashflows from investing activities -0.50300M -12.90900M -0.50300M -0.50300M -
Dividends paid 7.76M 4.84M -376.04600M -13.98900M 10.66M
Change to inventory -36.92700M -17.18800M -6.47500M -0.69400M -4.44700M
Change to account receivables -19.20700M 0.82M 0.29M -0.47300M -9.83800M
Sale purchase of stock - 144.82M - - -
Other cashflows from financing activities -24.39200M -372.54500M 374.44M 2.50M 10.00M
Change to netincome -62.01900M 8.44M 8.44M 0.30M -0.04000M
Capital expenditures 3.15M 4.13M 3.24M 1.72M 1.41M
Change receivables - 0.82M - - -
Cash flows other operating - -7.73500M - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - -0.51600M - - -
Change in working capital -38.01100M -34.15600M 2.12M 1.54M -14.63400M
Stock based compensation 16.11M 11.29M 8.25M - -
Other non cash items -100.57000M 4.60M 0.35M 0.34M -0.00200M
Free cash flow 36.30M -8.20900M 50.85M 34.46M 1.60M

Peer Comparison

Sector: Technology Industry: Solar

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SHLS
Shoals Technologies Group Inc
0.29 7.11% 4.45 47.35 15.38 3.20 2.86 3.52 19.20
FSLR
First Solar Inc
-2.52 1.34% 184.84 28.97 13.44 5.89 2.92 5.44 14.89
ENPH
Enphase Energy Inc
1.77 2.89% 63.13 64.37 38.91 6.95 16.18 6.78 26.01
NXT
Nextracker Inc. Class A Common Stock
1.19 3.27% 37.59 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited
0.02 0.24% 8.40 11.55 14.93 0.22 1.24 0.24 1.12

Reports Covered

Stock Research & News

Profile

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

Shoals Technologies Group Inc

1400 Shoals Way, Portland, TN, United States, 37148

Key Executives

Name Title Year Born
Mr. Jason R. Whitaker CEO, Pres & Director 1980
Ms. Mehgan Peetz Gen. Counsel, Chief Legal Officer & Corp. Sec. 1982
Mr. Jeffery Tolnar SVP of Electric Vehicle Solutions NA
Mr. Dominic Bardos Chief Financial Officer 1965
Mr. John Joseph White Jr. Chief Operating Officer 1966
Mr. Alan D. Neal Chief Technology Officer 1961
Mr. Ben Macias Sr. VP of Sales & Marketing NA
Mr. Alex Stucker Sr. VP of Sales & Bus. Devel. NA
Mr. Kent Miller Sr. VP NA
Mr. Brandon Moss Director & CEO 1980

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