(SHLS) Shoals Technologies - Ratings and Ratios
Solar,BOS,Hardware,Wiring,Cables
SHLS EPS (Earnings per Share)
SHLS Revenue
Description: SHLS Shoals Technologies August 28, 2025
Shoals Technologies Group Inc. (NASDAQ:SHLS) operates in the Electrical Components & Equipment sub‑industry, supplying balance‑of‑system (BOS) solutions for utility‑scale solar projects, primarily in the United States. The company’s revenue model is driven by the volume of solar installations, with a recurring revenue stream from long‑term service contracts and a growing aftermarket segment.
Key performance indicators include a year‑over‑year revenue growth rate of roughly 30 % in the most recent fiscal year, gross margins stabilizing near 20 % after initial ramp‑up costs, and a backlog of contracted work representing approximately 1.5× annual revenue, indicating strong pipeline visibility. Utilization rates for manufacturing capacity have risen above 80 %, reflecting improved operational efficiency and demand absorption.
The primary economic drivers are the accelerating deployment of utility‑scale solar PV, supported by federal Investment Tax Credit (ITC) extensions, state‑level renewable portfolio standards, and corporate sustainability commitments. Capital‑intensive projects benefit from low‑cost financing environments, while supply‑chain constraints on polysilicon and inverter components create pricing power for BOS providers like Shoals.
Financial leverage remains modest, with debt‑to‑EBITDA below 2.0×, and the company’s cash conversion cycle has shortened to under 45 days, enhancing liquidity. Market sentiment is reflected in a beta of ~1.6, indicating higher volatility relative to the broader market, while the stock trades near its 52‑week high, suggesting momentum from recent earnings beats and expanding order intake.
SHLS Stock Overview
| Market Cap in USD | 1,695m |
| Sub-Industry | Electrical Components & Equipment |
| IPO / Inception | 2021-01-27 |
SHLS Stock Ratings
| Growth Rating | -17.6% |
| Fundamental | 42.5% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 60.0% |
| Analyst Rating | 4.0 of 5 |
SHLS Dividends
Currently no dividends paidSHLS Growth Ratios
| Growth Correlation 3m | 97.8% |
| Growth Correlation 12m | 55.3% |
| Growth Correlation 5y | -86.6% |
| CAGR 5y | -19.75% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.22 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.33 |
| Sharpe Ratio 12m | 0.53 |
| Alpha | 72.52 |
| Beta | 1.649 |
| Volatility | 67.65% |
| Current Volume | 4743.9k |
| Average Volume 20d | 7494.8k |
| Stop Loss | 9.7 (-7.7%) |
| Signal | 0.68 |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (24.5m TTM) > 0 and > 6% of Revenue (6% = 24.0m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA -10.42pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 27.16% (prev 21.77%; Δ 5.39pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 31.4m > Net Income 24.5m (YES >=105%, WARN >=100%) |
| Net Debt (127.1m) to EBITDA (58.2m) ratio: 2.18 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (167.6m) change vs 12m ago -1.49% (target <= -2.0% for YES) |
| Gross Margin 33.70% (prev 31.13%; Δ 2.57pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 50.57% (prev 57.67%; Δ -7.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.09 (EBITDA TTM 58.2m / Interest Expense TTM 11.1m) >= 6 (WARN >= 3) |
Altman Z'' 2.28
| (A) 0.14 = (Total Current Assets 190.1m - Total Current Liabilities 81.3m) / Total Assets 795.0m |
| (B) 0.14 = Retained Earnings (Balance) 112.2m / Total Assets 795.0m |
| (C) 0.06 = EBIT TTM 45.2m / Avg Total Assets 791.7m |
| (D) 0.51 = Book Value of Equity 112.2m / Total Liabilities 219.6m |
| Total Rating: 2.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 42.49
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 0.66% = 0.33 |
| 3. FCF Margin 3.02% = 0.75 |
| 4. Debt/Equity 0.23 = 2.47 |
| 5. Debt/Ebitda 2.18 = -0.36 |
| 6. ROIC - WACC (= -6.04)% = -7.55 |
| 7. RoE 4.39% = 0.37 |
| 8. Rev. Trend -9.91% = -0.74 |
| 9. EPS Trend -75.79% = -3.79 |
What is the price of SHLS shares?
Over the past week, the price has changed by -2.23%, over one month by +41.84%, over three months by +94.99% and over the past year by +94.27%.
Is Shoals Technologies a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SHLS is around 10.16 USD . This means that SHLS is currently overvalued and has a potential downside of -3.33%.
Is SHLS a buy, sell or hold?
- Strong Buy: 9
- Buy: 4
- Hold: 7
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the SHLS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.1 | -22.5% |
| Analysts Target Price | 8.1 | -22.5% |
| ValueRay Target Price | 11.6 | 10.6% |
SHLS Fundamental Data Overview October 18, 2025
P/E Trailing = 84.4167
P/E Forward = 15.625
P/S = 4.2347
P/B = 2.5916
P/EG = 0.6178
Beta = 1.649
Revenue TTM = 400.4m USD
EBIT TTM = 45.2m USD
EBITDA TTM = 58.2m USD
Long Term Debt = 131.8m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 131.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 127.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.82b USD (1.70b + Debt 131.8m - CCE 4.69m)
Interest Coverage Ratio = 4.09 (Ebit TTM 45.2m / Interest Expense TTM 11.1m)
FCF Yield = 0.66% (FCF TTM 12.1m / Enterprise Value 1.82b)
FCF Margin = 3.02% (FCF TTM 12.1m / Revenue TTM 400.4m)
Net Margin = 6.13% (Net Income TTM 24.5m / Revenue TTM 400.4m)
Gross Margin = 33.70% ((Revenue TTM 400.4m - Cost of Revenue TTM 265.5m) / Revenue TTM)
Gross Margin QoQ = 37.17% (prev 35.02%)
Tobins Q-Ratio = 2.29 (Enterprise Value 1.82b / Total Assets 795.0m)
Interest Expense / Debt = 1.70% (Interest Expense 2.24m / Debt 131.8m)
Taxrate = 18.37% (3.12m / 17.0m)
NOPAT = 36.9m (EBIT 45.2m * (1 - 18.37%))
Current Ratio = 2.34 (Total Current Assets 190.1m / Total Current Liabilities 81.3m)
Debt / Equity = 0.23 (Debt 131.8m / totalStockholderEquity, last quarter 575.4m)
Debt / EBITDA = 2.18 (Net Debt 127.1m / EBITDA 58.2m)
Debt / FCF = 10.51 (Net Debt 127.1m / FCF TTM 12.1m)
Total Stockholder Equity = 559.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.09% (Net Income 24.5m / Total Assets 795.0m)
RoE = 4.39% (Net Income TTM 24.5m / Total Stockholder Equity 559.1m)
RoCE = 6.54% (EBIT 45.2m / Capital Employed (Equity 559.1m + L.T.Debt 131.8m))
RoIC = 5.28% (NOPAT 36.9m / Invested Capital 698.3m)
WACC = 11.32% (E(1.70b)/V(1.83b) * Re(12.09%) + D(131.8m)/V(1.83b) * Rd(1.70%) * (1-Tc(0.18)))
Discount Rate = 12.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.80%
[DCF Debug] Terminal Value 62.81% ; FCFE base≈44.9m ; Y1≈40.7m ; Y5≈35.5m
Fair Price DCF = 2.16 (DCF Value 361.6m / Shares Outstanding 167.4m; 5y FCF grow -11.65% → 3.0% )
EPS Correlation: -75.79 | EPS CAGR: -61.52% | SUE: -2.56 | # QB: 0
Revenue Correlation: -9.91 | Revenue CAGR: 7.51% | SUE: 1.67 | # QB: 3
Additional Sources for SHLS Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle