Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023)
Shoals Technologies' (SHLS) quarterly FCF Payout Ratio came in at 0.33 in Q1 2023, up 402.4% YoY from 0.07 in Q1 2022, and up 19.68% on a QoQ basis from 0.28 in Q3 2022.
Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023) Analysis & Trends
Shoals Technologies (SHLS) has 4 years of FCF Payout Ratio data on file, last reported at 0.33 in 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 improved to 0.33 in Q1 2023, from 0.28 in the prior quarter.
- In the past five years, FCF Payout Ratio ranged from a high of 41.58 in Q3 2021 to a low of 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.
- The widest YoY moves for FCF Payout Ratio: up 344908.03% in 2021, down 1296.02% in 2021.
- Tracing SHLS's FCF Payout Ratio over 4 years: stood at 24.23 in 2020, then plunged by 1296.02% to 289.85 in 2021, then soared by 100.1% 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | - |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | - |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -0.38 |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | - |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | - |
| 10 | Toyo | 181.99 Mn | 105.35 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 |