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Sunworks

DB:7SL2
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7SL2
DB
$2M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Washington. The last earnings update was 1 day ago. More info.


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  • Sunworks has significant price volatility in the past 3 months.
7SL2 Share Price and Events
7 Day Returns
3.7%
DB:7SL2
1.8%
DE Electrical
2.2%
DE Market
1 Year Returns
-90.4%
DB:7SL2
-8.9%
DE Electrical
-17.2%
DE Market
7SL2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sunworks (7SL2) 3.7% -45.7% -69.6% -90.4% -96.7% -98.7%
DE Electrical 1.8% -20.6% -35.7% -8.9% -41.9% -42.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 7SL2 underperformed the Electrical industry which returned -8.9% over the past year.
  • 7SL2 underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
7SL2
Industry
5yr Volatility vs Market

7SL2 Value

 Is Sunworks undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sunworks to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sunworks.

DB:7SL2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:7SL2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (268.36%))
2.668
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:7SL2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sunworks is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:7SL2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 1.10 Analyst x1 1.00
2021 1.10 Analyst x1 0.90
2022 1.10 Est @ -0.12% 0.81
2023 1.10 Est @ -0.2% 0.74
2024 1.09 Est @ -0.26% 0.66
2025 1.09 Est @ -0.3% 0.60
2026 1.09 Est @ -0.32% 0.54
2027 1.08 Est @ -0.34% 0.49
2028 1.08 Est @ -0.36% 0.44
2029 1.08 Est @ -0.37% 0.40
Present value of next 10 years cash flows $6.00
DB:7SL2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1.08 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$9.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $9.85 ÷ (1 + 10.49%)10
$3.63
DB:7SL2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.00 + $3.63
$9.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9.63 / 5.28
$1.82
DB:7SL2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7SL2 represents 0.88853x of NasdaqCM:SUNW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88853x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.82 x 0.88853
€1.62
Value per share (EUR) From above. €1.62
Current discount Discount to share price of €0.33
= -1 x (€0.33 - €1.62) / €1.62
79.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sunworks is available for.
Intrinsic value
>50%
Share price is €0.33 vs Future cash flow value of €1.62
Current Discount Checks
For Sunworks to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sunworks's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sunworks's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sunworks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sunworks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7SL2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.00
NasdaqCM:SUNW Share Price ** NasdaqCM (2020-03-31) in USD $0.38
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 24.37x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sunworks.

DB:7SL2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SUNW Share Price ÷ EPS (both in USD)

= 0.38 ÷ 0.00

-182.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunworks is loss making, we can't compare its value to the DE Electrical industry average.
  • Sunworks is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Sunworks's expected growth come at a high price?
Raw Data
DB:7SL2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -182.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
137.7%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1.01x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sunworks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sunworks's assets?
Raw Data
DB:7SL2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.24
NasdaqCM:SUNW Share Price * NasdaqCM (2020-03-31) in USD $0.38
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.77x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:7SL2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SUNW Share Price ÷ Book Value per Share (both in USD)

= 0.38 ÷ 1.24

0.3x

* Primary Listing of Sunworks.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sunworks is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Sunworks's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Sunworks has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

7SL2 Future Performance

 How is Sunworks expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
137.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sunworks expected to grow at an attractive rate?
  • Sunworks's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Sunworks's earnings growth is expected to exceed the Germany market average.
  • Sunworks's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7SL2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7SL2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 137.7%
DB:7SL2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 15.4%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 68.3%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:7SL2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7SL2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 83 1 1 1
2020-12-31 78 1 -1 1
2020-04-01
DB:7SL2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 60 -9
2019-09-30 65 -4 -8
2019-06-30 65 -2 -7
2019-03-31 67 -3 -9
2018-12-31 71 -6 -6
2018-09-30 71 -6 -7
2018-06-30 72 -2 -9
2018-03-31 77 -2 -6
2017-12-31 77 -4 -7
2017-09-30 77 1 -7
2017-06-30 75 -3 -12
2017-03-31 81 0 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sunworks's earnings are expected to grow significantly at over 20% yearly.
  • Sunworks's revenue is expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:7SL2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sunworks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7SL2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.17 0.17 0.17 1.00
2020-12-31 -0.17 -0.17 -0.17 1.00
2020-04-01
DB:7SL2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.00
2019-09-30 -1.94
2019-06-30 -1.83
2019-03-31 -2.33
2018-12-31 -1.61
2018-09-30 -2.13
2018-06-30 -2.68
2018-03-31 -1.86
2017-12-31 -2.27
2017-09-30 -2.40
2017-06-30 -3.80
2017-03-31 -4.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sunworks is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sunworks's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sunworks has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

7SL2 Past Performance

  How has Sunworks performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sunworks's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sunworks does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Sunworks's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sunworks's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Sunworks's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sunworks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7SL2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 59.83 -9.19 14.64
2019-09-30 64.71 -7.65 14.09
2019-06-30 65.45 -6.84 13.66
2019-03-31 66.79 -8.55 14.70
2018-12-31 70.97 -5.74 15.14
2018-09-30 71.01 -7.32 16.17
2018-06-30 71.53 -8.90 17.42
2018-03-31 76.55 -6.05 18.29
2017-12-31 77.45 -7.22 19.57
2017-09-30 76.60 -7.46 21.36
2017-06-30 75.36 -11.58 26.96
2017-03-31 81.34 -11.91 29.63
2016-12-31 86.42 -9.38 29.81
2016-09-30 85.30 -4.54 28.50 0.00
2016-06-30 87.47 2.95 21.82 0.01
2016-03-31 67.48 2.08 17.09 0.05
2015-12-31 53.71 1.06 14.57 0.05
2015-09-30 41.63 -7.42 10.74 0.08
2015-06-30 28.34 -22.58 8.81 0.10
2015-03-31 24.80 -22.24 6.79 0.08
2014-12-31 20.19 -24.87 4.98 0.11
2014-09-30 14.96 -19.18 4.27 0.11
2014-06-30 8.52 -6.92 2.78 0.11
2014-03-31 1.05 -7.75 1.82 0.11
2013-12-31 -3.81 0.97 0.11
2013-09-30 -3.12 1.15 0.11
2013-06-30 -1.92 1.28 0.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Sunworks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sunworks has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sunworks improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sunworks's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sunworks has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

7SL2 Health

 How is Sunworks's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sunworks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sunworks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sunworks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sunworks's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sunworks Company Filings, last reported 3 months ago.

DB:7SL2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 8.44 3.82 3.15
2019-09-30 8.30 3.95 2.16
2019-06-30 6.91 4.08 3.15
2019-03-31 5.59 4.70 1.54
2018-12-31 10.00 4.89 3.63
2018-09-30 11.72 5.09 3.64
2018-06-30 11.82 5.33 4.75
2018-03-31 12.76 1.90 1.56
2017-12-31 15.66 1.96 6.36
2017-09-30 18.52 2.25 6.38
2017-06-30 20.18 2.24 4.17
2017-03-31 18.78 2.22 4.20
2016-12-31 21.20 2.33 11.07
2016-09-30 24.58 1.92 6.66
2016-06-30 26.77 1.37 7.66
2016-03-31 23.94 3.39 6.42
2015-12-31 23.54 3.86 12.04
2015-09-30 16.85 2.33 9.26
2015-06-30 15.42 2.09 9.33
2015-03-31 16.18 1.03 11.23
2014-12-31 1.96 1.78 0.41
2014-09-30 -10.68 1.74 1.29
2014-06-30 -0.80 1.31 1.23
2014-03-31 -2.11 0.72 0.34
2013-12-31 -3.45 0.52 0.01
2013-09-30 -2.28 0.40 0.10
2013-06-30 -1.02 0.29 0.04
  • Sunworks's level of debt (45.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (83.6% vs 45.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Sunworks has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Sunworks has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Sunworks's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sunworks has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

7SL2 Dividends

 What is Sunworks's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sunworks dividends.
If you bought €2,000 of Sunworks shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sunworks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sunworks's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:7SL2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:7SL2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-01

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sunworks has not reported any payouts.
  • Unable to verify if Sunworks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sunworks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sunworks has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sunworks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sunworks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sunworks has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

7SL2 Management

 What is the CEO of Sunworks's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chuck Cargile
COMPENSATION $604,400
AGE 54
TENURE AS CEO 3 years
CEO Bio

Mr. Charles F. Cargile, also known as Chuck, has been the Chief Executive Officer of Sunworks, Inc. since April 2, 2017 and has been its Chairman since January 29, 2020. Mr. Cargile has been an Executive Advisor to MKS Industries since July 2016. Mr. Cargile served as the Chief Financial Officer of Newport Corp. since October 2000 until July 2016 and served as its Treasurer since April 2013 until April 2016. He served as Senior Vice President of Newport Corp. since July 2004 and served as its Treasurer from February 2005 to April 2010. He joined Newport Corp., in October 2000 and served as its Vice President since October 2000. He served as Principal Accounting Officer and Corporate Controller of BW/IP International Inc. since 1996. Mr. Cargile served as Director of Corporate Accounting of BW/IP Inc. from March 1996 to December 1996 and Manager of Operations and Financial Analysis from 1992 to March 1996. He served as Vice President, Finance and Corporate Development for York International Corporation from 1998 to 2000. He joined York in November 1998 and served in a number of executive positions, including Corporate Controller and Chief Accounting Officer, until his promotion to Vice President, Finance and Corporate Development in February 2000. He served as Corporate Controller and Principal Accounting Officer of BW/IP Inc. (now Flowserve Corporation), holding company of BW/IP International Inc. from 1992 to November 1998. He has an extensive background in financial and strategic planning, public company mergers and acquisitions (M&A), operations, information technology and capital structure management. He has 25 years of public company experience. He has been an Independent Director of Photon Control Inc. since March 31, 2017. He has been a Director of Sunworks, Inc. since September 2, 2016. He served as a Director of Netlist Inc. from August 2013 to December 26, 2017 and served as its Lead Independent Director until December 26, 2017. He served as a Director of Reed's, Inc. from November 29, 2016 to January 6, 2018. He has been a Director of Ebridge, Inc. since December 2, 2010. He has a Professional Director Certification from the American College of Corporate Directors. Mr. Cargile holds a Bachelor of Science degree in Accounting from Oklahoma State University and a Master's degree in Business Administration from the Marshall School Of Business at the University of Southern California.

CEO Compensation
  • Chuck's compensation has increased whilst company is loss making.
  • Chuck's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sunworks management team in years:

3.5
Average Tenure
54
Average Age
  • The tenure for the Sunworks management team is about average.
Management Team

Chuck Cargile

TITLE
Chairman & CEO
COMPENSATION
$604K
AGE
54
TENURE
3 yrs

Phil Radmilovic

TITLE
Chief Financial Officer
COMPENSATION
$193K
AGE
37
TENURE
1.9 yrs

Gerry Nadler

TITLE
Chief Scientist
COMPENSATION
$60K
AGE
76
TENURE
18.3 yrs

Chris Outwater

TITLE
Director of Business Development
TENURE
13.2 yrs

Nadir Dagli

TITLE
Chief Scientific Advisor

Charles Cunningham

TITLE
Managing Director
TENURE
3.5 yrs

Amanda Sanchez

TITLE
Controller

Kirk Short

TITLE
President of Commercial Solar
Board of Directors Tenure

Average tenure and age of the Sunworks board of directors in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the Sunworks board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chuck Cargile

TITLE
Chairman & CEO
COMPENSATION
$604K
AGE
54
TENURE
0.3 yrs

Rhone Resch

TITLE
Independent Director
COMPENSATION
$51K
AGE
52
TENURE
3.4 yrs

Daniel Gross

TITLE
Independent Director
COMPENSATION
$77K
AGE
49
TENURE
2 yrs

Stan Speer

TITLE
Independent Director
COMPENSATION
$73K
AGE
58
TENURE
1.9 yrs

Judith Hall

TITLE
Independent Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sunworks's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sunworks has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

7SL2 News

Simply Wall St News

7SL2 Company Info

Description

Sunworks, Inc., through its subsidiaries, provides photovoltaic based power systems for the agricultural, commercial, industrial, public works, and residential markets in California, Massachusetts, Nevada, Oregon, New Jersey, and Washington. The company also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger projects. In addition, it offers a range of installation services, including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance services to its solar energy customers. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was founded in 2002 and is headquartered in Roseville, California.

Details
Name: Sunworks, Inc.
7SL2
Exchange: DB
Founded: 2002
$1,807,042
5,281,279
Website: http://sunworksusa.com
Address: Sunworks, Inc.
1030 Winding Creek Road,
Suite 100,
Roseville,
California, 95678,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SUNW Common Stock Nasdaq Capital Market US USD 03. Feb 2006
DB 7SL2 Common Stock Deutsche Boerse AG DE EUR 03. Feb 2006
Number of employees
Current staff
Staff numbers
208
Sunworks employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 03:30
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/31
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.