Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023)

Shoals Technologies (SHLS) reported FCF Payout Ratio of 0.33 for Q1 2023, up 402.4% on a YoY basis from 0.07 in Q1 2022, and up 19.68% quarter-over-quarter from 0.28 in Q3 2022.

Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023) Analysis & Trends

Shoals Technologies has reported FCF Payout Ratio for 4 years, with the latest figure at 0.33 in Q1 2023.

  • For the quarter ending Q1 2023, FCF Payout Ratio rose 402.4% year-over-year to 0.33; the trailing twelve-month figure through Dec 2023 stood at 0.03 (down 86.63% YoY), and the FY2023 full-year result was 0.03, down 86.63% from the prior year.
  • FCF Payout Ratio for Q1 2023 stood at 0.33, up from 0.28 in the prior quarter.
  • The five-year high for FCF Payout Ratio was 23.5 in Q4 2020, with the low at 0.11 in Q1 2022.
  • Historically, FCF Payout Ratio has averaged 2.9 across 4 years, with a median of 0.28 in 2021.
  • Annual changes were most pronounced in 2022 — FCF Payout Ratio slumped 91.43% — and 2023, when it jumped 402.4%.
  • Shoals Technologies' FCF Payout Ratio stood at 23.5 in 2020, then plunged by 98.81% to 0.28 in 2021, then dropped by 0.4% to 0.28 in 2022, then rose by 19.68% to 0.33 in 2023.
  • The last three FCF Payout Ratio figures came in at 0.33 (Q1 2023), 0.28 (Q3 2022), and 0.09 (Q2 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn -
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 7.41
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn -
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2023 0.33
Sep 30, 2022 0.28
Jun 30, 2022 0.09
Mar 31, 2022 -0.11
Sep 30, 2021 0.28
Jun 30, 2021 1.06
Dec 31, 2020 23.50
Sep 30, 2020 0.63
Mar 31, 2020 0.01