FTC Solar (FTC Solar) GF Value Rank : 2 (As of May. 16, 2024)

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What is FTC Solar GF Value Rank?

FTC Solar has the GF Value Rank of 2.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of FTC Solar's GF Value Rank

For the Solar subindustry, FTC Solar's GF Value Rank, along with its competitors' market caps and GF Value Rank 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 GF Value Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's GF Value Rank distribution charts can be found below:

* The bar in red indicates where FTC Solar's GF Value Rank falls into.

FTC Solar GF Value Rank Related Terms

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

FTC Solar (FTC Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (NAS:FTCI) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

6YK:Germany 6YK:Germany

Address

9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.

Executives

Robert Phelps Morris	officer: CHIEF FINANCIAL OFFICER	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759
Ahmad R Chatila	director	3901 NO. FIRST STREET, SAN JOSE CA 95134
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
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
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
South Cone Investments Limited Partnership	10 percent owner	AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1, LAS CONDES, SANTIAGO F3 7550000