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FTCI (FTC Solar) Book Value per Share : $0.35 (As of Jun. 2024)


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What is FTC Solar Book Value per Share?

FTC Solar's book value per share for the quarter that ended in Jun. 2024 was $0.35.

During the past 12 months, FTC Solar's average Book Value Per Share Growth Rate was -53.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 76.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of FTC Solar was 76.20% per year. The lowest was 76.20% per year. And the median was 76.20% per year.

FTC Solar's current price is $0.5283. Its book value per share for the quarter that ended in Jun. 2024 was $0.35. Hence, today's PB Ratio of FTC Solar is 1.52.

During the past 5 years, the highest P/B Ratio of FTC Solar was 2268.33. The lowest was 0.59. And the median was 3.32.


FTC Solar Book Value per Share Historical Data

The historical data trend for FTC Solar's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FTC Solar Book Value per Share Chart

FTC Solar Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Book Value per Share
-0.12 0.09 1.54 0.63 0.50

FTC Solar Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.59 0.50 0.44 0.35

Competitive Comparison of FTC Solar's Book Value per Share

For the Solar subindustry, FTC Solar's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FTC Solar's PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's PB Ratio distribution charts can be found below:

* The bar in red indicates where FTC Solar's PB Ratio falls into.



FTC Solar Book Value per Share Calculation

FTC Solar's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(62.47-0.00)/125.45
=0.50

FTC Solar's Book Value Per Share for the quarter that ended in Jun. 2024 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(44.24-0.00)/127.00
=0.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.


FTC Solar  (NAS:FTCI) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


FTC Solar Book Value per Share Related Terms

Thank you for viewing the detailed overview of FTC Solar's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


FTC Solar Business Description

Traded in Other Exchanges
Address
9020 North Capital of Texas Highway, Suite I-260, Austin, TX, USA, 78759
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
Executives
Ahmad R Chatila director 3901 NO. FIRST STREET, SAN JOSE CA 95134
Quiroga Cortes Isidoro Alfonso director 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Patrick Cook officer: CHIEF FINANCIAL OFFICER 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Tamara Mullings director C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Robert Phelps Morris officer: CHIEF FINANCIAL OFFICER C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759
Shaker Sadasivam director P O BOX 8, SAINT PETERS MO 63376
William A Priddy director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Cathy Behnen officer: CHIEF ACCOUNTING OFFICER 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sasan Aminpour officer: Chief Operating Officer C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Arc Family Trust 10 percent owner 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Kristian Nolde officer: VP, MARKETING AND STRATEGY 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
David Springer director, 10 percent owner 2718 LOYAGA DRIVE, ROUND ROCK TX 78681
Nagendra Cherukupalli officer: CHIEF TECHNOLOGY OFFICER 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sean Hunkler director, officer: PRESIDENT AND CEO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thurman J Rodgers director 535 EASTVIEW WAY, WOODSIDE CA 94062