Shoals Technologies Group Inc
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions, a plug-and-play cable and cabinet solutions; homeruns, interconnection, and extension soluti… Read more
Shoals Technologies Group Inc (SHLS) - Net Assets
Latest net assets as of September 2025: $589.64 Million USD
Based on the latest financial reports, Shoals Technologies Group Inc (SHLS) has net assets worth $589.64 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($851.79 Million) and total liabilities ($262.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $589.64 Million |
| % of Total Assets | 69.22% |
| Annual Growth Rate | 26.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 114.01 |
Shoals Technologies Group Inc - Net Assets Trend (2018–2024)
This chart illustrates how Shoals Technologies Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shoals Technologies Group Inc (2018–2024)
The table below shows the annual net assets of Shoals Technologies Group Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $556.80 Million | +2.17% |
| 2023-12-31 | $545.00 Million | +81.07% |
| 2022-12-31 | $300.99 Million | +4114.26% |
| 2021-12-31 | $-7.50 Million | +95.93% |
| 2020-12-31 | $-184.12 Million | -222.83% |
| 2019-12-31 | $149.91 Million | +8.41% |
| 2018-12-31 | $138.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shoals Technologies Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9857900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $98.58 Million | 17.70% |
| Common Stock | $2.00K | 0.00% |
| Other Components | $458.22 Million | 82.30% |
| Total Equity | $556.80 Million | 100.00% |
Shoals Technologies Group Inc Competitors by Market Cap
The table below lists competitors of Shoals Technologies Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinocare Inc
SHE:300298
|
$952.60 Million |
|
Standard Lithium Ltd
NYSE MKT:SLI
|
$952.68 Million |
|
Arcos Dorados Holdings Inc
NYSE:ARCO
|
$952.86 Million |
|
Kent Gida Maddeleri Sanayi ve Ticaret AS
IS:KENT
|
$953.15 Million |
|
ChemoMetec A/S
CO:CHEMM
|
$951.64 Million |
|
VIMEO INC. DL-01
F:4KS
|
$951.29 Million |
|
Jiangsu Lihua Animal Husbandry Co Ltd
SHE:300761
|
$950.98 Million |
|
Camel Group Co Ltd
SHG:601311
|
$950.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shoals Technologies Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 544,996,000 to 556,800,000, a change of 11,804,000 (2.2%).
- Net income of 24,127,000 contributed positively to equity growth.
- Share repurchases of 25,331,000 reduced equity.
- Other factors increased equity by 13,008,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $24.13 Million | +4.33% |
| Share Repurchases | $25.33 Million | -4.55% |
| Other Changes | $13.01 Million | +2.34% |
| Total Change | $- | 2.17% |
Book Value vs Market Value Analysis
This analysis compares Shoals Technologies Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.43x to 1.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.83 | $6.17 | x |
| 2019-12-31 | $0.90 | $6.17 | x |
| 2020-12-31 | $-1.15 | $6.17 | x |
| 2021-12-31 | $0.02 | $6.17 | x |
| 2022-12-31 | $1.74 | $6.17 | x |
| 2023-12-31 | $3.31 | $6.17 | x |
| 2024-12-31 | $3.30 | $6.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shoals Technologies Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.04%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.42x
- Recent ROE (4.33%) is below the historical average (24.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 6.25% | 8.33% | 0.56x | 1.34x | $-5.18 Million |
| 2019 | 16.77% | 17.40% | 0.77x | 1.25x | $10.15 Million |
| 2020 | 0.00% | 19.24% | 0.90x | 0.00x | $52.18 Million |
| 2021 | 91.97% | 1.10% | 0.50x | 167.02x | $2.09 Million |
| 2022 | 43.80% | 39.03% | 0.55x | 2.04x | $98.47 Million |
| 2023 | 7.33% | 8.18% | 0.58x | 1.55x | $-14.53 Million |
| 2024 | 4.33% | 6.04% | 0.50x | 1.42x | $-31.55 Million |
Industry Comparison
This section compares Shoals Technologies Group Inc's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shoals Technologies Group Inc (SHLS) | $589.64 Million | 6.25% | 0.44x | $952.43 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |