SolarMax Technology, Inc. (SMXT) AI Stock Analysis

• Market Cap: $52.15M
• Dividend Yield: N/A
• Average Volume (3M): 190.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: -48.65%
• EPS Growth: 13.64%
• Country: US
• Employees: 76
• Sector: General
• Sector Strength: N/A
• Industry: Solar
• EPS (TTM): -0.03
• Shares Outstanding: 47,407,608
• 10 Day Avg. Volume: 65,077
• 30 Day Avg. Volume: 190,086
• PEG Ratio: -0.05
• Price to Book (P/B): -3.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.66
• Enterprise Value/Market Cap: 1.64
• Enterprise Value/Revenue: 0.76
• Enterprise Value/Gross Profit: 20.37
• Enterprise Value/Ebitda: -0.97
• 1Y Price Target: $1.00
• Price Target Upside: -4.76% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: $1.00 ▼(-4.76%Downside)

SolarMax Technology, Inc. has a low stock score primarily due to severe financial distress, including negative equity and consistent losses. Technical indicators are bearish, and valuation metrics suggest the stock is undervalued due to its financial struggles. The lack of earnings call data and corporate events further emphasizes the need for caution.

SolarMax Technology, Inc. Business Overview & Revenue Model

Company Description

SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; financing the sale of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects. It serves residential, commercial, and government customers. The Company was incorporated in 2008 and is based in Riverside, California.

How the Company Makes Money

SolarMax Technology, Inc. generates revenue through several key streams. The primary source is the sale and installation of solar power systems, which includes both residential and commercial projects. The company also offers financing options, allowing customers to purchase systems through loans or leasing agreements, contributing to its income. Additionally, the company may receive revenue from maintenance and repair services provided to existing customers. Strategic partnerships with manufacturers and suppliers of solar panels and related equipment also play a significant role in reducing costs and enhancing margins, thus contributing to the company's profitability. Furthermore, any government incentives or rebates for renewable energy adoption can also impact the company's earnings positively.

SolarMax Technology, Inc. Financial Statement Overview

Summary

SolarMax Technology, Inc. faces significant financial difficulties across all verticals. The income statement reflects continued losses and declining revenue, while the balance sheet shows a precarious position with negative equity. Although cash flow statements indicate some investment inflows, core cash generation remains problematic. The overall financial health suggests high risk, emphasizing the need for strategic adjustments to improve financial stability and growth.

Income Statement

The income statement reflects a challenging financial performance with consistent net losses and declining revenues over recent years. The gross profit margin stands at approximately 17.4% for TTM, which is relatively low. The net profit margin is negative due to substantial net losses. Revenue has decreased significantly from 2020, indicating struggles with growth and market position.

Balance Sheet

The balance sheet reveals financial instability with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is negative due to negative equity, highlighting potential financial risk. The equity ratio is also negative, reinforcing concerns about financial structure and solvency.

Cash Flow

Cash flow statements show negative operating and free cash flows, indicating cash outflows exceed inflows from operations. The increase in investing cash flow for TTM suggests asset sales or investments, but overall cash flow stability remains a concern. Operating cash flow to net income ratio is negative due to consistent losses, underscoring cash generation issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.99M	54.14M	44.72M	37.74M	131.58M
Gross Profit	2.31M	11.15M	7.48M	5.95M	16.45M
EBITDA	-30.19M	3.56M	-3.63M	-1.26M	5.22M
Net Income	-34.96M	434.79K	-6.87M	-3.32M	974.05K
Balance Sheet
Total Assets	38.63M	48.66M	61.48M	72.02M	96.14M
Cash, Cash Equivalents and Short-Term Investments	7.12M	2.54M	3.82M	9.89M	17.01M
Total Debt	34.84M	41.88M	47.98M	48.53M	57.47M
Total Liabilities	53.71M	64.54M	77.69M	80.46M	101.57M
Stockholders Equity	-15.08B	-15.89M	-16.21M	-8.45M	-5.22M
Cash Flow
Free Cash Flow	-9.13M	3.79M	-2.06M	-5.35M	-23.27M
Operating Cash Flow	-9.13M	3.81M	-1.97M	-5.35M	-23.17M
Investing Cash Flow	-6.32M	-6.55K	-280.52K	2.03M	11.22M
Financing Cash Flow	13.31M	-5.05M	-7.50M	-5.07M	23.50M

SolarMax Technology, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMXT, the sentiment is Negative. The current price of 1.05 is below the 20-day moving average (MA) of 1.09, below the 50-day MA of 1.12, and below the 200-day MA of 1.25, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.51 is Neutral, neither overbought nor oversold. The STOCH value of 48.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMXT.

SolarMax Technology, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	56 Neutral	$6.14B	22.14	-28.61%	4.89%	10.73%	-32.66%
SOL	55 Neutral	$99.05M	―	-1.63%	―	-19.52%	64.89%
TYGO	54 Neutral	$80.19M	―	-200.49%	―	-39.94%	-38.95%
MAXN	50 Neutral	$78.57M	―	307.38%	―	-54.68%	63.56%
ZEO	45 Neutral	$134.60M	―	-9.81%	―	207.24%	61.40%
SPRU	42 Neutral	$23.53M	―	-49.28%	―	8.97%	-68.08%
SMXT	41 Neutral	$52.15M	―		―	-48.65%	13.64%