Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023)
Shoals Technologies posted quarterly FCF Payout Ratio of 0.33 for Q1 2023, up 402.4% year-on-year from 0.07 in Q1 2022, and up 19.68% on a QoQ basis from 0.28 in Q3 2022.
Shoals Technologies (SHLS) has 4 years of FCF Payout Ratio data on file, last reported 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.
- Across five years, FCF Payout Ratio topped out at 23.5 in Q4 2020 and bottomed at 0.11 in Q1 2022.
- The 4-year median for FCF Payout Ratio is 0.28 (2021), against an average of 2.9.
- The widest annual swing landed in 2022, when FCF Payout Ratio plunged 91.43%; it then jumped 402.4% in 2023.
- A 4-year view of FCF Payout Ratio shows it stood at 23.5 in 2020, then tumbled by 98.81% to 0.28 in 2021, then declined by 0.4% to 0.28 in 2022, then gained 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | - |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | - |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | - |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | - |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | - |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 7.41 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | - |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | - |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 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 |
| 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 |