Skycorp Solar Group Limited (PN) 10-Year Financial Performance & Capital Metrics

PN • • Industrial / General

EnergySolarSolar System Components & Balance of SystemsBalance of System Components

AboutSkycorp Solar Group Limited operates as a holding company. The Company, through its subsidiaries, manufactures and markets solar cables, connectors, energy storage systems, inverters, batteries, and AC modules.Show more

Revenue $50M -1.9%
EBITDA $2M -49.1%
Net Income $471K -57.2%
EPS (Diluted) 0.02 -58.2%
Gross Margin 13.1% -22.8%
EBITDA Margin 3.2% -48.1%
Operating Margin 2.25% -57.9%
Net Margin 0.94% -56.4%
ROE 2.63% -60.8%
ROIC 5.34% -61.0%
Debt/Equity 0.15 -28.0%
Interest Coverage 5.53 -81.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 1.2x book value
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Weak momentum: RS Rating 14 (bottom 14%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y7.34%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-39.11%

TTM-

EPS CAGR

10Y-

5Y-

3Y-39.11%

TTM-

ROCE

10Y Avg15.87%

5Y Avg15.87%

3Y Avg14.25%

Latest6.05%

Peer Comparison

Balance of System Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SHLSShoals Technologies Group, Inc.	1.57B	9.37	66.93	-18.35%	7.67%	5.64%	4.59%	0.26
PNSkycorp Solar Group Limited	11.32M	0.81	47.65	-1.87%	0.94%	2.63%	10.53%	0.15

Profit & Loss

	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	40.32M	59.06M	50.82M	49.86M
Revenue Growth %	-	0.46%	-0.14%	-0.02%
Cost of Goods Sold+	32.56M	50.06M	42.19M	43.33M
COGS % of Revenue	0.81%	0.85%	0.83%	0.87%
Gross Profit+	7.76M	9M	8.62M	6.53M
Gross Margin %	0.19%	0.15%	0.17%	0.13%
Gross Profit Growth %	-	0.16%	-0.04%	-0.24%
Operating Expenses+	4.63M	5.8M	5.9M	5.41M
OpEx % of Revenue	0.11%	0.1%	0.12%	0.11%
Selling, General & Admin	4.62M	5.48M	5.3M	3.54M
SG&A % of Revenue	0.11%	0.09%	0.1%	0.07%
Research & Development	11.38K	318.31K	607.48K	1.87M
R&D % of Revenue	0%	0.01%	0.01%	0.04%
Other Operating Expenses	0	0	0	0
Operating Income+	3.13M	3.2M	2.72M	1.12M
Operating Margin %	0.08%	0.05%	0.05%	0.02%
Operating Income Growth %	-	0.02%	-0.15%	-0.59%
EBITDA+	3.2M	3.37M	3.14M	1.6M
EBITDA Margin %	0.08%	0.06%	0.06%	0.03%
EBITDA Growth %	-	0.05%	-0.07%	-0.49%
D&A (Non-Cash Add-back)	64.8K	166.08K	420.17K	475.89K
EBIT	3.11M	3.28M	2.65M	1.48M
Net Interest Income+	-2.29K	-33.25K	-51.25K	-151.73K
Interest Income	17.34K	21.3K	37.48K	50.97K
Interest Expense	19.63K	54.55K	88.73K	202.69K
Other Income/Expense	-42.98K	24.39K	-157.92K	154.1K
Pretax Income+	3.09M	3.22M	2.56M	1.28M
Pretax Margin %	0.08%	0.05%	0.05%	0.03%
Income Tax+	808.17K	1.07M	752.07K	109.8K
Effective Tax Rate %	0.67%	0.5%	0.43%	0.37%
Net Income+	2.09M	1.62M	1.1M	470.99K
Net Margin %	0.05%	0.03%	0.02%	0.01%
Net Income Growth %	-	-0.22%	-0.32%	-0.57%
Net Income (Continuing)	2.28M	2.15M	1.81M	1.17M
Discontinued Operations	0	0	0	0
Minority Interest	677.3K	1.09M	1.75M	2.34M
EPS (Diluted)+	0.08	0.06	0.04	0.02
EPS Growth %	-	-0.22%	-0.3%	-0.58%
EPS (Basic)	0.08	0.06	0.04	0.02
Diluted Shares Outstanding	27.7M	27.7M	27.7M	27.7M
Basic Shares Outstanding	27M	27.7M	27.7M	27.7M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	25.86M	32.27M	27.24M	25.43M
Cash & Short-Term Investments	1.65M	3.45M	5.64M	5.17M
Cash Only	1.65M	3.45M	5.64M	5.17M
Short-Term Investments	0	0	0	0
Accounts Receivable	1.66M	8.54M	11.51M	13.55M
Days Sales Outstanding	15.05	52.79	82.67	99.19
Inventory	5.83M	9M	4.03M	2.6M
Days Inventory Outstanding	65.37	65.64	34.89	21.88
Other Current Assets	549.9K	905.21K	426.27K	439.67K
Total Non-Current Assets+	100.28K	575.29K	2.36M	6.52M
Property, Plant & Equipment	100.28K	575.29K	652.65K	642.93K
Fixed Asset Turnover	402.10x	102.66x	77.86x	77.56x
Goodwill	0	0	0	0
Intangible Assets	0	0	1.71M	1.74M
Long-Term Investments	0	0	0	4.14M
Other Non-Current Assets	0	0	0	0
Total Assets+	25.96M	32.85M	29.6M	31.95M
Asset Turnover	1.55x	1.80x	1.72x	1.56x
Asset Growth %	-	0.27%	-0.1%	0.08%
Total Current Liabilities+	10.84M	16.91M	11.72M	12.76M
Accounts Payable	2.54M	3.17M	2.49M	1.32M
Days Payables Outstanding	28.43	23.15	21.56	11.09
Short-Term Debt	529.88K	2.11M	2.62M	2.36M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	0
Current Ratio	2.38x	1.91x	2.32x	1.99x
Quick Ratio	1.85x	1.38x	1.98x	1.79x
Cash Conversion Cycle	51.99	95.28	96	109.98
Total Non-Current Liabilities+	0	244.37K	844.99K	427.42K
Long-Term Debt	0	0	763.71K	427.42K
Capital Lease Obligations	0	244.37K	81.28K	0
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	0	0	0	0
Total Liabilities	10.84M	17.15M	12.57M	13.19M
Total Debt+	543.49K	2.51M	3.63M	2.88M
Net Debt	-1.1M	-942.16K	-2.02M	-2.29M
Debt / Equity	0.04x	0.16x	0.21x	0.15x
Debt / EBITDA	0.17x	0.75x	1.16x	1.80x
Net Debt / EBITDA	-0.35x	-0.28x	-0.64x	-1.43x
Interest Coverage	159.61x	58.66x	30.63x	5.53x
Total Equity+	15.12M	15.69M	17.03M	18.76M
Equity Growth %	-	0.04%	0.09%	0.1%
Book Value per Share	0.55	0.57	0.61	0.68
Total Shareholders' Equity	14.44M	14.6M	15.29M	16.42M
Common Stock	50K	2.5K	2.5K	2.5K
Retained Earnings	11.09M	12.7M	13.8M	14.28M
Treasury Stock	0	0	0	0
Accumulated OCI	1.32M	-141.03K	-551.87K	109.08K
Minority Interest	677.3K	1.09M	1.75M	2.34M

Cash Flow

	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	314.27K	10.98M	549.26K	1.6M
Operating CF Margin %	0.01%	0.19%	0.01%	0.03%
Operating CF Growth %	-	33.95%	-0.95%	1.91%
Net Income	2.28M	2.15M	1.81M	1.17M
Depreciation & Amortization	64.8K	166.08K	420.17K	475.89K
Stock-Based Compensation	0	0	0	0
Deferred Taxes	0	0	0	0
Other Non-Cash Items	618.27K	117.41K	115.63K	307.5K
Working Capital Changes	-2.65M	8.55M	-1.79M	-352.12K
Change in Receivables	955.64K	-723.89K	-6.11M	-3.79M
Change in Inventory	5.74M	-4.04M	4.9M	1.55M
Change in Payables	5.29M	951.39K	-622.71K	-1.24M
Cash from Investing+	-115.54K	-168.06K	-2.27M	-4.43M
Capital Expenditures	-118.37K	-168.06K	-303.41K	-239.82K
CapEx % of Revenue	0%	0%	0.01%	0%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	2.83K	0	-1.97M	-165.53K
Cash from Financing+	272.5K	-7.77M	3.52M	1.87M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	423.98K	-8.69M	2.36M	1.54M
Net Change in Cash	-	-	-	-
Free Cash Flow+	195.9K	10.82M	-1.72M	1.19M
FCF Margin %	0%	0.18%	-0.03%	0.02%
FCF Growth %	-	54.22%	-1.16%	1.69%
FCF per Share	0.01	0.39	-0.06	0.04
FCF Conversion (FCF/Net Income)	0.15x	6.79x	0.50x	3.39x
Interest Paid	18.14K	54.55K	88.73K	202.69K
Taxes Paid	68.24K	212.17K	43.46K	32.2K

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	13.8%	10.5%	6.72%	2.63%
Return on Invested Capital (ROIC)	16.77%	16.69%	13.7%	5.34%
Gross Margin	19.25%	15.24%	16.97%	13.1%
Net Margin	5.17%	2.74%	2.16%	0.94%
Debt / Equity	0.04x	0.16x	0.21x	0.15x
Interest Coverage	159.61x	58.66x	30.63x	5.53x
FCF Conversion	0.15x	6.79x	0.50x	3.39x
Revenue Growth	-	46.46%	-13.96%	-1.87%

Frequently Asked Questions

Valuation & Price

Skycorp Solar Group Limited (PN) has a price-to-earnings (P/E) ratio of 47.6x. This suggests investors expect higher future growth.

Growth & Financials

Skycorp Solar Group Limited (PN) reported $49.9M in revenue for fiscal year 2024. This represents a 24% increase from $40.3M in 2021.

Skycorp Solar Group Limited (PN) saw revenue decline by 1.9% over the past year.

Yes, Skycorp Solar Group Limited (PN) is profitable, generating $0.5M in net income for fiscal year 2024 (0.9% net margin).

Dividend & Returns

Skycorp Solar Group Limited (PN) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.

Skycorp Solar Group Limited (PN) generated $1.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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