FIRST SOLAR INC (1FSLR.MI) Stock Fundamental Analysis
Europe - BIT:1FSLR - US3364331070 - Common Stock
175.84 EUR
+7.92 (+4.72%)
We assign a fundamental rating of 5 out of 10 to 1FSLR. 1FSLR was compared to 56 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of 1FSLR get a neutral evaluation. Nothing too spectacular is happening here. 1FSLR is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year 1FSLR was profitable.
1FSLR had a positive operating cash flow in the past year.
1FSLR had positive earnings in 4 of the past 5 years.
In the past 5 years 1FSLR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 9.78%, 1FSLR is in line with its industry, outperforming 58.93% of the companies in the same industry.
The Return On Equity of 1FSLR (14.71%) is comparable to the rest of the industry.
1FSLR has a Return On Invested Capital (9.82%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 14.71% | ||
| ROIC | 9.82% |
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
1FSLR has a better Profit Margin (28.95%) than 82.14% of its industry peers.
In the last couple of years the Profit Margin of 1FSLR has grown nicely.
1FSLR has a better Operating Margin (31.35%) than 82.14% of its industry peers.
In the last couple of years the Operating Margin of 1FSLR has grown nicely.
The Gross Margin of 1FSLR (42.76%) is comparable to the rest of the industry.
1FSLR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.35% | ||
| PM (TTM) | 28.95% | ||
| GM | 42.76% |
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
2. Health
2.1 Basic Checks
1FSLR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, 1FSLR has about the same amount of shares outstanding.
1FSLR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, 1FSLR has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.65 indicates that 1FSLR is not in any danger for bankruptcy at the moment.
1FSLR has a Altman-Z score of 4.65. This is comparable to the rest of the industry: 1FSLR outperforms 46.43% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that 1FSLR is not too dependend on debt financing.
1FSLR has a better Debt to Equity ratio (0.09) than 69.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.65 |
ROIC/WACC0.87
WACC11.26%
2.3 Liquidity
1FSLR has a Current Ratio of 1.90. This is a normal value and indicates that 1FSLR is financially healthy and should not expect problems in meeting its short term obligations.
1FSLR has a worse Current ratio (1.90) than 60.71% of its industry peers.
1FSLR has a Quick Ratio of 1.41. This is a normal value and indicates that 1FSLR is financially healthy and should not expect problems in meeting its short term obligations.
1FSLR has a Quick ratio of 1.41. This is in the lower half of the industry: 1FSLR underperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
1FSLR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.30%, which is quite good.
Measured over the past years, 1FSLR shows a very strong growth in Earnings Per Share. The EPS has been growing by 52.90% on average per year.
Looking at the last year, 1FSLR shows a quite strong growth in Revenue. The Revenue has grown by 15.39% in the last year.
Measured over the past years, 1FSLR shows a small growth in Revenue. The Revenue has been growing by 6.55% on average per year.
EPS 1Y (TTM)8.3%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%-2.15%
Revenue 1Y (TTM)15.39%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%8.58%
3.2 Future
The Earnings Per Share is expected to grow by 21.64% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.61% on average over the next years. This is quite good.
EPS Next Y25.31%
EPS Next 2Y38.02%
EPS Next 3Y31.8%
EPS Next 5Y21.64%
Revenue Next Year26.12%
Revenue Next 2Y22.47%
Revenue Next 3Y19.04%
Revenue Next 5Y11.61%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.06, the valuation of 1FSLR can be described as rather expensive.
1FSLR's Price/Earnings ratio is a bit cheaper when compared to the industry. 1FSLR is cheaper than 78.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of 1FSLR to the average of the S&P500 Index (27.20), we can say 1FSLR is valued slightly cheaper.
A Price/Forward Earnings ratio of 8.72 indicates a reasonable valuation of 1FSLR.
Based on the Price/Forward Earnings ratio, 1FSLR is valued cheaper than 94.64% of the companies in the same industry.
1FSLR is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.71, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.06 | ||
| Fwd PE | 8.72 |
4.2 Price Multiples
1FSLR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. 1FSLR is cheaper than 67.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.7 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of 1FSLR may justify a higher PE ratio.
A more expensive valuation may be justified as 1FSLR's earnings are expected to grow with 31.80% in the coming years.
PEG (NY)0.67
PEG (5Y)0.32
EPS Next 2Y38.02%
EPS Next 3Y31.8%
5. Dividend
5.1 Amount
No dividends for 1FSLR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT:1FSLR (9/10/2025, 7:00:00 PM)
175.84
+7.92 (+4.72%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners97.05%
Inst Owner ChangeN/A
Ins Owners5.37%
Ins Owner ChangeN/A
Market Cap18.86B
Analysts81.78
Price Target190.1 (8.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.93%
Min EPS beat(2)-23.4%
Max EPS beat(2)17.54%
EPS beat(4)2
Avg EPS beat(4)-6.25%
Min EPS beat(4)-23.86%
Max EPS beat(4)17.54%
EPS beat(8)6
Avg EPS beat(8)2.86%
EPS beat(12)8
Avg EPS beat(12)1.19%
EPS beat(16)10
Avg EPS beat(16)-22.2%
Revenue beat(2)1
Avg Revenue beat(2)1.53%
Min Revenue beat(2)-1.34%
Max Revenue beat(2)4.39%
Revenue beat(4)2
Avg Revenue beat(4)-3.69%
Min Revenue beat(4)-19.01%
Max Revenue beat(4)4.39%
Revenue beat(8)4
Avg Revenue beat(8)-3.08%
Revenue beat(12)5
Avg Revenue beat(12)-4.82%
Revenue beat(16)6
Avg Revenue beat(16)-7.24%
PT rev (1m)14.6%
PT rev (3m)9.48%
EPS NQ rev (1m)-3.1%
EPS NQ rev (3m)-19.69%
EPS NY rev (1m)2.03%
EPS NY rev (3m)2.04%
Revenue NQ rev (1m)11.07%
Revenue NQ rev (3m)2.52%
Revenue NY rev (1m)4.2%
Revenue NY rev (3m)5.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.06 | ||
| Fwd PE | 8.72 | ||
| P/S | 5.11 | ||
| P/FCF | N/A | ||
| P/OCF | 74.25 | ||
| P/B | 2.6 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 11.7 |
EPS(TTM)10.31
EY5.86%
EPS(NY)20.16
Fwd EY11.46%
FCF(TTM)-7.47
FCFYN/A
OCF(TTM)2.37
OCFY1.35%
SpS34.42
BVpS67.72
TBVpS67.07
PEG (NY)0.67
PEG (5Y)0.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 14.71% | ||
| ROCE | 13.61% | ||
| ROIC | 9.82% | ||
| ROICexc | 11.04% | ||
| ROICexgc | 11.14% | ||
| OM | 31.35% | ||
| PM (TTM) | 28.95% | ||
| GM | 42.76% | ||
| FCFM | N/A |
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y23.05%
ROICexcg growth 5Y27.37%
ROICexc growth 3Y23.15%
ROICexc growth 5Y27.62%
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
F-Score3
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.41 | ||
| Cap/Depr | 255.41% | ||
| Cap/Sales | 28.58% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 16.17% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.41 | ||
| Altman-Z | 4.65 |
F-Score3
WACC11.26%
ROIC/WACC0.87
Cap/Depr(3y)381.88%
Cap/Depr(5y)306.48%
Cap/Sales(3y)37.52%
Cap/Sales(5y)29.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.3%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%-2.15%
EPS Next Y25.31%
EPS Next 2Y38.02%
EPS Next 3Y31.8%
EPS Next 5Y21.64%
Revenue 1Y (TTM)15.39%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%8.58%
Revenue Next Year26.12%
Revenue Next 2Y22.47%
Revenue Next 3Y19.04%
Revenue Next 5Y11.61%
EBIT growth 1Y6.46%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year49.77%
EBIT Next 3Y36.71%
EBIT Next 5Y25.56%
FCF growth 1Y-87.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-62.64%
OCF growth 3Y72.43%
OCF growth 5Y47.54%