Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). FTC Solar's share price for the quarter that ended in Mar. 2024 was $0.539. FTC Solar's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 125.95 Mil. Therefore, FTC Solar's market cap for the quarter that ended in Mar. 2024 was $67.89 Mil.
FTC Solar's quarterly market cap
declined
from Sep. 2023 ($159.94 Mil) to Dec. 2023 ($86.91 Mil) and
declined
from Dec. 2023 ($86.91 Mil) to Mar. 2024 ($67.89 Mil).
FTC Solar's annual market cap
declined
from Dec. 2021 ($700.20 Mil) to Dec. 2022 ($281.49 Mil) and
declined
from Dec. 2022 ($281.49 Mil) to Dec. 2023 ($86.91 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. FTC Solar's Enterprise Value for Today is $48.66 Mil.
FTC Solar Market Cap Historical Data
The historical data trend for FTC Solar's Market Cap 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.
For the Solar subindustry, FTC Solar's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Market Cap distribution charts can be found below:
* The bar in red indicates where FTC Solar's Market Cap falls into.
FTC Solar Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
FTC Solar's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
FTC Solar (NAS:FTCI) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
FTC Solar Market Cap Related Terms
Thank you for viewing the detailed overview of FTC Solar's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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