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SUNESUNation Energy Inc.
$2.38$8M
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SUNation Energy Inc. (SUNE) Financial Ratios

Latest Ratios: P/E Ratio -0.5x · EV/EBITDA 13.0x · ROE -66.2%. (2003–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

SUNE Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
Market Cap$8M$3M$1M————————
Enterprise Value$11M$5M$21M————————
P/E Ratio →-0.54——————————
P/S Ratio0.110.040.03————————
P/B Ratio0.240.110.17————————
P/FCF8.752.83—————————
P/OCF8.312.68—————————

P/E links to full P/E history page with 30-year chart

SUNE EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
EV / Revenue—0.080.37————————
EV / EBITDA13.006.54—————————
EV / EBIT———————————
EV / FCF—5.99—————————

SUNE Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
Gross Margin38.3%38.3%35.9%34.8%26.8%100.0%26.1%8.9%7.2%13.3%10.9%
Operating Margin-2.3%-2.3%-21.7%-9.4%-38.0%-12741.2%-61.1%-21.6%-15.6%2.3%-47.9%
Net Profit Margin-15.1%-15.1%-27.9%-10.2%-37.6%-16339.7%-2.1%-47.5%-29.2%-6.0%-56.6%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
ROE-66.2%-66.2%-109.4%-34.1%-111.4%—-0.1%-507.6%-145.3%-22.9%-102.8%
ROA-23.2%-23.2%-30.5%-12.2%-26.7%-166.5%-0.0%-13.0%-10.3%-3.1%-32.4%
ROIC-4.5%-4.5%-28.5%-14.1%-38.6%-3344.5%-0.1%-11.5%-36.1%5.8%-85.0%
ROCE-6.5%-6.5%-45.3%-17.7%-42.9%-212.0%-0.1%-8.2%-7.5%1.6%-38.4%

SUNE Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
Debt / Equity0.410.412.390.970.65——30.913.781.320.77
Debt / EBITDA12.1012.10———————2.51—
Net Debt / Equity—0.122.290.790.57——26.861.310.33-0.02
Net Debt / EBITDA3.453.45———————0.62—
Debt / FCF—3.16—————————
Interest Coverage-0.72-0.72-4.12-1.57-2.34-3.54-163.57-2.21-2.34-0.35-9.11

SUNE Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
Current Ratio1.071.070.410.711.000.0143.640.891.261.281.31
Quick Ratio0.900.900.310.550.770.0143.640.811.131.071.09
Cash Ratio0.470.470.030.160.190.01—0.350.330.550.45
Asset Turnover—1.491.241.370.370.011.720.220.300.540.56
Inventory Turnover17.5017.5013.4614.513.33——9.997.508.867.52
Days Sales Outstanding—24.9735.0823.4485.66——69.3363.9131.8027.27

SUNE Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
Dividend Yield4.7%10.8%—————————
Payout Ratio———————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2014FY 2013FY 2012FY 2011
Earnings Yield———————————
FCF Yield11.4%35.4%—————————
Buyback Yield0.0%0.0%0.4%————————
Total Shareholder Yield4.7%10.8%0.4%————————
Shares Outstanding—$2M$2712$67$45$16$16$14$14$14$14

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidity and capital exhaustion

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Distressed Valuation Reflects Operational Uncertainty

Based on recent financial data, SUNE trades at a price-to-sales multiple of 0.11, a figure that suggests the market is heavily discounting the company's future revenue potential due to persistent net losses and the significant challenges inherent in its regional solar installation business model.

The current P/S ratio of 0.11, when compared to broader industrial peers, indicates that investors are pricing the company as a distressed asset rather than a growth-oriented energy firm. This valuation likely reflects the market's skepticism regarding the company's ability to achieve profitability, as the lack of a forward P/E multiple underscores the absence of near-term earnings visibility.

Capital Efficiency Decaying Under Losses

According to quarterly financial statements, SUNE's ROIC has trended into negative territory, reaching -11.8% in 2026Q1, which highlights a fundamental inability to generate returns on invested capital that exceed the cost of funding its regional solar installation operations.

The consistent decay in ROIC over the last ten quarters suggests that the company's capital allocation strategy, primarily focused on regional roll-ups, has failed to produce the expected synergies. This trend warrants further investigation into whether the company's asset base is being effectively utilized or if the current business model is structurally incapable of compounding capital.

Working Capital Volatility Hinders Operations

As reported in recent filings, the company's cash conversion cycle has exhibited extreme volatility, swinging from a 7-day cycle in 2026Q1 to a -23-day cycle in 2024Q3, indicating significant inconsistencies in managing receivables and inventory within its project-heavy installation business.

The fluctuation in the cash conversion cycle suggests that SUNE struggles to maintain a predictable rhythm in its operational cash flow, likely due to the seasonal nature of its New York and Hawaii markets. Investors should monitor these metrics closely, as the inability to stabilize working capital cycles exacerbates the company's existing liquidity constraints.

Liquidity Position Facing Severe Compression

Based on the most recent quarterly balance sheet, SUNE's current ratio has compressed to 0.72, a level that indicates the company may face significant difficulty in meeting its short-term obligations without additional external financing or a rapid improvement in operational cash generation.

The decline in the quick ratio to 0.49 further underscores the company's reliance on inventory turnover to satisfy current liabilities, which is a risky position given the seasonal demand for solar installations. This liquidity profile appears increasingly vulnerable, suggesting that the company's ability to sustain operations without further dilution is limited.

Misapplication of Revenue-Based Valuation Metrics

Market participants frequently misapply the price-to-sales ratio to SUNE, which obscures the company's underlying cash burn and the high cost of customer acquisition that prevents revenue from translating into sustainable, long-term shareholder value for this specific industrial model.

Using P/S as a primary valuation tool is misleading for a project-based solar installer because it ignores the significant capital intensity and negative operating margins inherent in the business. Analysts should instead focus on the cash burn rate and the unit economics of customer acquisition to better assess the company's true financial health.

Download Financial Ratios Data

Includes 30+ ratios · 18 years · Updated daily

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SUNE — Frequently Asked Questions

Quick answers to the most common questions about buying SUNE stock.

What is SUNation Energy Inc.'s P/E ratio?

SUNation Energy Inc.'s current P/E ratio is -0.5x. This places it at the 50th percentile of its historical range.

What is SUNation Energy Inc.'s EV/EBITDA?

SUNation Energy Inc.'s current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.5x.

What is SUNation Energy Inc.'s ROE?

SUNation Energy Inc.'s return on equity (ROE) is -66.2%. The historical average is -18.8%.

Is SUNE stock overvalued?

Based on historical data, SUNation Energy Inc. is trading at a P/E of -0.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What is SUNation Energy Inc.'s dividend yield?

SUNation Energy Inc.'s current dividend yield is 4.66%.

What are SUNation Energy Inc.'s profit margins?

SUNation Energy Inc. has 38.3% gross margin and -2.3% operating margin.

How much debt does SUNation Energy Inc. have?

SUNation Energy Inc.'s Debt/EBITDA ratio is 12.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.