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Shoals Technologies Group - Stock

Shoals Technologies Group P/S 2024

Shoals Technologies Group P/S

2.48

Ticker

SHLS

ISIN

US82489W1071

As of Jul 7, 2024, Shoals Technologies Group's P/S ratio stood at 2.48, a -69.65% change from the 8.17 P/S ratio recorded in the previous year.

The Shoals Technologies Group P/S history

Shoals Technologies Group Aktienanalyse

What does Shoals Technologies Group do?

Shoals Technologies Group Inc is a company specializing in the manufacturing and selling of electronic components for solar installations. It was founded in 1996 and is headquartered in Portland, Tennessee, USA. Shoals Technologies was founded by Dean Solon and Joe Pritzel, who recognized the need for efficient solar wiring and established the company to address this gap. The company's business model revolves around producing and selling electronic components for solar installations, with a focus on PV string monitoring and safety devices, MBB interconnections, and solutions for photovoltaic systems. The company's main divisions include String Routing Systems (SRS), Quick Mounting Systems (QMS), and Voltage Testing. SRS devices monitor and supervise solar installations, measuring panel power consumption and providing an overview of system performance. QMS products are easy to install and help save time and money during solar installation. Shoals Technologies' voltage testing is essential for ensuring proper functioning of solar systems and detecting faults. The company's products are used in over 50 countries and cater to solar plant operators, installers, and module manufacturers. Shoals Technologies aims to provide reliable, efficient, and cost-effective solutions for the solar industry. The company has a history of innovation and growth, continuously developing new products and services to meet customer demands. In 2016, Shoals Technologies acquired a production facility in China to expand its reach in the Asian solar industry. Shortly after, the company went public and is currently listed on NASDAQ under the ticker symbol SHLS. Shoals Technologies strives to shape the future of solar energy through innovative products and technologies. They see themselves as pioneers in the industry, committed to supporting global customers in generating clean and sustainable energy. Shoals Technologies Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Shoals Technologies Group's P/S Ratio

Shoals Technologies Group's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Shoals Technologies Group's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Shoals Technologies Group's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Shoals Technologies Group’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Shoals Technologies Group stock

What is the price-to-earnings ratio of Shoals Technologies Group?

The price-earnings ratio of Shoals Technologies Group is currently 2.48.

How has the price-earnings ratio of Shoals Technologies Group changed compared to last year?

The price-to-earnings ratio of Shoals Technologies Group has increased by -69.65% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Shoals Technologies Group high compared to other companies?

Yes, the price-to-earnings ratio of Shoals Technologies Group is high compared to other companies.

How does an increase in the price-earnings ratio of Shoals Technologies Group affect the company?

An increase in the price-earnings ratio of Shoals Technologies Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Shoals Technologies Group affect the company?

A decrease in the price-earnings ratio of Shoals Technologies Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Shoals Technologies Group?

Some factors that influence the price-earnings ratio of Shoals Technologies Group are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Shoals Technologies Group pay?

Over the past 12 months, Shoals Technologies Group paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Shoals Technologies Group is expected to pay a dividend of 0 USD.

What is the dividend yield of Shoals Technologies Group?

The current dividend yield of Shoals Technologies Group is .

When does Shoals Technologies Group pay dividends?

Shoals Technologies Group pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Shoals Technologies Group?

Shoals Technologies Group paid dividends every year for the past 0 years.

What is the dividend of Shoals Technologies Group?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Shoals Technologies Group located?

Shoals Technologies Group is assigned to the 'Industry' sector.

Wann musste ich die Aktien von Shoals Technologies Group kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Shoals Technologies Group from 7/7/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 7/7/2024.

When did Shoals Technologies Group pay the last dividend?

The last dividend was paid out on 7/7/2024.

What was the dividend of Shoals Technologies Group in the year 2023?

In the year 2023, Shoals Technologies Group distributed 0 USD as dividends.

In which currency does Shoals Technologies Group pay out the dividend?

The dividends of Shoals Technologies Group are distributed in USD.

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Andere Kennzahlen von Shoals Technologies Group

Our stock analysis for Shoals Technologies Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shoals Technologies Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.