Shoals Technologies Group
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
11.108.216.996.69
Price/Sales ratio
1.100.950.970.92
Earnings per Share (EPS)
$0.54$0.74$0.87$0.91

Historical Multiples (2018 – 2023)

2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
574.24197.48147.05690.3622.1363.8121.69690.36
Price/Sales ratio
47.8634.3628.2912.778.635.218.4612.77
Price/Book Value ratio
35.9033.12-26.961.06K9.694.689.50-26.96
Price/Cash Flow ratio
1.65K137.2391.81-666.8671.5927.7470.18-666.86
Price/Free Cash Flow ratio
3.11K144.0897.65-331.6877.8131.3476.27-331.68
Price/Earnings Growth ratio
N/A1.103.67-8.290.00-0.810.00-8.29
Dividend Yield
0.21%0.28%7.57%N/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
27.14%30.59%37.91%38.76%40.16%34.42%40.16%37.91%
Operating Profit Margin
10.68%18.63%21.23%16.99%52.16%16.16%20.28%16.99%
Pretax Profit Margin
8.33%17.40%19.23%1.89%46.49%11.23%46.49%19.23%
Net Profit Margin
8.33%17.40%19.23%1.84%39.03%8.17%39.03%19.23%
Effective Tax Rate
102.10%7.10%10.39%2.13%5.91%22.34%5.91%2.13%
Return on Assets
4.66%13.40%17.28%0.92%21.45%4.73%21.45%17.28%
Return On Equity
6.25%16.77%-18.33%154.48%43.79%7.33%149.76%-18.33%
Return on Capital Employed
6.36%16.51%21.77%9.17%31.44%10.51%12.23%9.17%
Liquidity Ratios
Current Ratio
N/AN/A2.32N/AN/AN/A2.912.32
Quick Ratio
2.401.531.701.741.531.881.121.74
Cash ratio
0.000.280.410.150.160.240.160.15
Days of Sales Outstanding
91.4975.2664.0477.0975.12109.9256.4677.09
Days of Inventory outstanding
48.0132.1550.64107.25135.9260.11135.9250.64
Operating Cycle
139.50107.42114.69184.34211.05170.03149.85114.69
Days of Payables Outstanding
29.8837.7949.0155.8617.6816.3817.6855.86
Cash Conversion Cycle
109.6269.6365.67128.48193.36153.6472.2865.67
Debt Ratios
Debt Ratio
0.210.131.830.570.400.210.490.57
Debt Equity Ratio
0.280.17-1.9496.760.820.331.00-1.94
Long-term Debt to Capitalization
0.200.082.070.980.440.240.440.98
Total Debt to Capitalization
0.220.142.050.980.450.240.450.98
Interest Coverage Ratio
N/AN/A10.61N/AN/AN/A3.57N/A
Cash Flow to Debt Ratio
0.071.380.15-0.010.160.500.160.15
Company Equity Multiplier
1.341.25-1.06167.022.041.542.04-1.06
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.020.250.30-0.010.120.180.12-0.01
Free Cash Flow / Operating Cash Flow Ratio
0.530.950.942.010.920.880.922.01
Cash Flow Coverage Ratio
0.071.380.15-0.010.160.500.160.15
Short Term Coverage Ratio
0.852.8015.45-2.0419.7245.9719.7215.45
Dividend Payout Ratio
123.29%55.63%1113.68%N/AN/AN/AN/AN/A