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% on a YoY basis from 0.07 in Q1 2022, and up 19.68% quarter-over-quarter from 0.28 in Q3 2022.
Analysis
Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023) Analysis & Trends
Shoals Technologies (SHLS) has reported FCF Payout Ratio for 4 consecutive years, with 0.33 the latest figure, recorded 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 84.9% YoY), and the FY2023 full-year result was 0.03, down 84.9% from the prior year.
- FCF Payout Ratio advanced to 0.33 in Q1 2023 per SHLS's latest filing, from 0.28 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 23.5 in Q4 2020 and bottomed at 289.85 in Q4 2021.
- Historically, FCF Payout Ratio has averaged 24.83 across 4 years, with a median of 0.18 in 2022.
- The widest YoY moves for FCF Payout Ratio: up 3632.97% in 2021, down 53518.74% in 2021.
- Over 4 years, FCF Payout Ratio stood at 23.5 in 2020, then tumbled by 1333.27% 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.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.33, 0.28, and 0.09 for Q1 2023, Q3 2022, and Q2 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | - |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | - |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | - |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | - |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | - |
Historic Data
Download Data
Historic 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 | 23.44 |
| Mar 31, 2021 | -6.67 |
| Dec 31, 2020 | 23.50 |
| Sep 30, 2020 | 0.63 |
| Mar 31, 2020 | 0.01 |