Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023)
Shoals Technologies (SHLS) posted FCF Payout Ratio of 0.33 for Q1 2023, up 19.68% on a QoQ basis from 0.28 in Q3 2022, and up 402.4% year-over-year from 0.07 in Q1 2022.
Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023) Analysis & Trends
Shoals Technologies' FCF Payout Ratio history runs 4 years deep, the most recent figure standing at 0.33 for Q1 2023.
- Quarterly FCF Payout Ratio rose 402.4% year-over-year to 0.33 in Q1 2023, while the trailing twelve-month figure through Dec 2023 was 0.03 (down 86.63% YoY) and the FY2023 annual result came in at 0.03, down 86.63% from the prior year.
- FCF Payout Ratio was 0.33 for Q1 2023 at Shoals Technologies, up from 0.28 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 41.58 in Q3 2021 and bottomed at 289.85 in Q4 2021.
- A 4-year average of 22.24 and a median of 0.18 in 2022 frame the typical range for FCF Payout Ratio.
- Peak annual rise in FCF Payout Ratio reached 344908.03% in 2021, while the deepest fall reached 1296.02% in 2021.
- Shoals Technologies' FCF Payout Ratio stood at 24.23 in 2020, then slumped by 1296.02% to 289.85 in 2021, then surged by 100.1% to 0.28 in 2022, then advanced by 19.68% to 0.33 in 2023.
- Business Quant data shows SHLS's FCF Payout Ratio at 0.33 in Q1 2023, 0.28 in Q3 2022, and 0.09 in Q2 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | - |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | - |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | - |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 7.41 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | - |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | - |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | - |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 0.33 |
| Sep 30, 2022 | 0.28 |
| Jun 30, 2022 | 0.09 |
| Mar 31, 2022 | -0.11 |
| Dec 31, 2021 | -289.85 |
| Sep 30, 2021 | 41.58 |
| Jun 30, 2021 | 1.06 |
| Dec 31, 2020 | 24.23 |
| Sep 30, 2020 | -0.01 |
| Mar 31, 2020 | 0.01 |