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Shoals Technologies Group Inc

Technology US SHLS

8.26USD
-0.23(2.71%)

Last update at 2024-04-25T20:06:00Z

Day Range

8.158.34
LowHigh

52 Week Range

12.1130.10
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 152.00M 4.03M 33.77M 25.14M 8.65M
Minority interest -15.40200M 1.60M - - -
Net income 127.61M 3.94M 33.77M 25.14M 8.65M
Selling general administrative 55.91M 37.89M 21.01M 9.06M 8.90M
Selling and marketing expenses - - - - -
Gross profit 131.31M 82.64M 66.55M 44.21M 28.17M
Reconciled depreciation 10.51M 10.05M 9.40M 9.16M 8.99M
Ebit 170.54M 36.23M 37.28M 26.93M 11.09M
Ebitda 181.05M 44.62M 46.68M 36.09M 20.08M
Depreciation and amortization 10.51M 8.39M 9.40M 9.16M 8.99M
Non operating income net other - -15.99000M - - -
Operating income 170.54M 36.23M 37.28M 26.93M 11.09M
Other operating expenses 260.61M 176.98M 138.24M 117.57M 92.66M
Interest expense 18.54M 14.55M 3.51M 1.79M 2.44M
Tax provision 8.99M 0.09M - - -
Interest income - - - - -
Net interest income -18.53800M -14.54900M -3.51000M -1.78700M -2.44000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 8.99M 0.09M 3.51M 1.79M -
Total revenue 326.94M 213.21M 175.52M 144.50M 103.75M
Total operating expenses 64.98M 46.41M 29.27M 17.28M 17.08M
Cost of revenue 195.63M 130.57M 108.97M 100.28M 75.58M
Total other income expense net -18.53800M -32.20200M -3.51000M -1.78700M -2.44000M
Discontinued operations - - - - -
Net income from continuing ops 143.01M 5.61M 33.77M 25.14M 8.65M
Net income applicable to common shares 127.61M 2.35M 33.77M 25.14M 8.65M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 594.89M 426.41M 195.31M 187.61M 185.53M
Intangible assets 56.59M 65.24M 71.99M 79.97M 87.96M
Earning assets - - - - -
Other current assets 4.63M 5.04M 0.15M 0.80M 0.94M
Total liab 293.91M 433.91M 379.43M 37.70M 47.25M
Total stockholder equity 291.37M 2.55M -184.12300M 149.91M 138.28M
Deferred long term liab - - 3.70M - -
Other current liab 17.88M 9.57M 5.97M 1.26M 1.55M
Common stock 0.00200M 0.00200M -184.12300M 149.91M 138.28M
Capital stock 0.00200M 0.00200M - - -
Retained earnings 34.48M -93.13300M - - -
Other liab 0.96M 157.31M - - -
Good will 69.94M 69.44M 50.18M 50.18M 50.18M
Other assets 293.90M 182.72M 4.24M - -
Cash 8.77M 5.01M 10.07M 7.08M 0.11M
Cash and equivalents - - - - -
Total current liabilities 52.62M 31.55M 24.10M 24.54M 11.23M
Current deferred revenue 23.26M - - - -
Net debt 230.30M 242.05M 348.76M 18.97M 39.41M
Short term debt 2.00M 2.00M 3.50M 12.89M 3.50M
Short long term debt 2.00M 2.00M 3.50M 12.89M 3.50M
Short long term debt total 239.06M 247.05M 358.83M 26.05M 39.52M
Other stockholder equity 256.89M 95.68M -184.12300M 152.55M 139.75M
Property plant equipment 20.93M 15.57M 12.76M 10.95M 10.41M
Total current assets 153.54M 93.45M 56.15M 46.51M 36.99M
Long term investments - - - - -
Net tangible assets 164.85M -132.11900M -306.28700M 19.76M 0.15M
Short term investments - - - - -
Net receivables 67.29M 45.03M 30.80M 29.80M 26.01M
Long term debt 237.06M 55.14M 355.33M 13.16M 36.02M
Inventory 72.85M 38.37M 15.12M 8.83M 9.94M
Accounts payable 9.48M 19.98M 14.63M 10.38M 6.19M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - -10.05100M - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -2.64400M -1.46500M
Additional paid in capital - - - - -
Common stock total equity - 0.00200M - - -
Preferred stock total equity - - - - -
Retained earnings total equity - -93.13300M - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 6.33M 5.76M 4.24M - -
Deferred long term asset charges - - - - -
Non current assets total 441.36M 332.97M 139.16M 141.10M 148.54M
Capital lease obligations - - - - -
Long term debt total - 55.14M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -3.65700M -17.03500M -3.23600M -1.71900M -1.40500M
Change to liabilities 10.39M -8.38800M 4.25M 4.20M -0.65600M
Total cashflows from investing activities -3.65700M -17.03500M -3.23600M -1.71900M -1.40500M
Net borrowings -9.14000M -117.70400M 343.75M -13.50000M -8.50000M
Total cash from financing activities -36.58900M 20.60M -47.85500M -27.48900M -19.16100M
Change to operating activities 10.91M -4.17000M 5.35M -0.14600M 0.31M
Net income 143.01M 3.94M 33.77M 25.14M 8.65M
Change in cash -0.79100M -0.51600M 2.99M 6.97M -17.56500M
Begin period cash flow 9.56M 10.07M 7.08M 0.11M 17.67M
End period cash flow 8.77M 9.56M 10.07M 7.08M 0.11M
Total cash from operating activities 39.45M -4.08300M 54.08M 36.18M 3.00M
Issuance of capital stock 42.94M 559.90M - - -
Depreciation 10.51M 10.05M 9.40M 9.16M 8.99M
Other cashflows from investing activities -0.50300M -12.90900M -0.50300M -0.50300M -
Dividends paid 7.76M 4.84M -376.04600M -13.98900M 10.66M
Change to inventory -36.92700M -17.18800M -6.47500M -0.69400M -4.44700M
Change to account receivables -19.20700M 0.82M 0.29M -0.47300M -9.83800M
Sale purchase of stock - 144.82M - - -
Other cashflows from financing activities -24.39200M -372.54500M 374.44M 2.50M 10.00M
Change to netincome -62.01900M 8.44M 8.44M 0.30M -0.04000M
Capital expenditures 3.15M 4.13M 3.24M 1.72M 1.41M
Change receivables - 0.82M - - -
Cash flows other operating - -7.73500M - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - -0.51600M - - -
Change in working capital -38.01100M -34.15600M 2.12M 1.54M -14.63400M
Stock based compensation 16.11M 11.29M 8.25M - -
Other non cash items -100.57000M 4.60M 0.35M 0.34M -0.00200M
Free cash flow 36.30M -8.20900M 50.85M 34.46M 1.60M

Fundamentals

  • Previous Close 8.49
  • Market Cap2714.11M
  • Volume2619721
  • P/E Ratio18.56
  • Dividend Yield-%
  • EBITDA80.76M
  • Revenue TTM453.15M
  • Revenue Per Share TTM2.99
  • Gross Profit TTM 131.31M
  • Diluted EPS TTM0.86

Peer Comparison

Sector: Technology Industry: Solar

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SHLS
Shoals Technologies Group Inc		 -0.23 2.71% 8.26 18.56 16.86 5.94 4.97 6.15 15.06
FSLR
First Solar Inc		 -2.46 1.39% 175.02 39.84 12.55 5.95 2.81 5.20 20.42
ENPH
Enphase Energy Inc		 0.66 0.62% 107.83 31.09 35.34 6.24 16.69 6.06 22.00
NXT
Nextracker Inc. Class A Common Stock		 -0.93 2.12% 42.98 24.02 19.30 3.43 15.50 1.19 9.14
SEDG
SolarEdge Technologies Inc		 -1.25 2.16% 56.61 26.21 144.93 1.55 2.16 1.43 14.72

Reports Covered

Stock Research & News

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Profile

Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle charging applications in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, and wire management solutions. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.

Shoals Technologies Group Inc

1400 Shoals Way, Portland, TN, United States, 37148

Key Executives

Name Title Year Born
Mr. Jason R. Whitaker CEO, Pres & Director 1980
Ms. Mehgan Peetz Gen. Counsel, Chief Legal Officer & Corp. Sec. 1982
Mr. Jeffery Tolnar SVP of Electric Vehicle Solutions NA
Mr. Dominic Bardos Chief Financial Officer 1965
Mr. John Joseph White Jr. Chief Operating Officer 1966
Mr. Alan D. Neal Chief Technology Officer 1961
Mr. Ben Macias Sr. VP of Sales & Marketing NA
Mr. Alex Stucker Sr. VP of Sales & Bus. Devel. NA
Mr. Kent Miller Sr. VP NA

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