FIRST SOLAR INC (1FSLR.MI) Fundamental Analysis & Valuation

BIT:1FSLR • US3364331070

Current stock price

177.32 EUR
-7.18 (-3.89%)
Last:

This 1FSLR.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. 1FSLR.MI Profitability Analysis

1.1 Basic Checks

  • 1FSLR had positive earnings in the past year.
  • 1FSLR had a positive operating cash flow in the past year.
  • Of the past 5 years 1FSLR 4 years were profitable.
  • 1FSLR had a positive operating cash flow in each of the past 5 years.
1FSLR.MI Yearly Net Income VS EBIT VS OCF VS FCF1FSLR.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B 2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.41%, 1FSLR is in line with its industry, outperforming 56.25% of the companies in the same industry.
  • The Return On Equity of 1FSLR (15.53%) is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 10.69%, 1FSLR perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
Industry RankSector Rank
ROA 10.41%
ROE 15.53%
ROIC 10.69%
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
ROIC(3y)N/A
ROIC(5y)N/A
1FSLR.MI Yearly ROA, ROE, ROIC1FSLR.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • 1FSLR has a Profit Margin of 27.73%. This is in the better half of the industry: 1FSLR outperforms 75.00% of its industry peers.
  • 1FSLR's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 29.81%, 1FSLR is in the better half of the industry, outperforming 70.31% of the companies in the same industry.
  • 1FSLR's Operating Margin has improved in the last couple of years.
  • 1FSLR's Gross Margin of 40.05% is on the low side compared to the rest of the industry. 1FSLR is outperformed by 68.75% of its industry peers.
  • In the last couple of years the Gross Margin of 1FSLR has grown nicely.
Industry RankSector Rank
OM 29.81%
PM (TTM) 27.73%
GM 40.05%
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
1FSLR.MI Yearly Profit, Operating, Gross Margins1FSLR.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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5

2. 1FSLR.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 1FSLR is destroying value.
  • 1FSLR has more shares outstanding than it did 1 year ago.
  • 1FSLR has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, 1FSLR has an improved debt to assets ratio.
1FSLR.MI Yearly Shares Outstanding1FSLR.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
1FSLR.MI Yearly Total Debt VS Total Assets1FSLR.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • 1FSLR has an Altman-Z score of 4.63. This indicates that 1FSLR is financially healthy and has little risk of bankruptcy at the moment.
  • With a Altman-Z score value of 4.63, 1FSLR perfoms like the industry average, outperforming 54.69% of the companies in the same industry.
  • 1FSLR has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
  • 1FSLR has a Debt to FCF ratio of 1.28. This is in the better half of the industry: 1FSLR outperforms 65.63% of its industry peers.
  • A Debt/Equity ratio of 0.06 indicates that 1FSLR is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.06, 1FSLR belongs to the top of the industry, outperforming 82.81% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.28
Altman-Z 4.63
ROIC/WACC0.96
WACC11.11%
1FSLR.MI Yearly LT Debt VS Equity VS FCF1FSLR.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • 1FSLR has a Current Ratio of 1.91. This is a normal value and indicates that 1FSLR is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.91, 1FSLR is doing worse than 71.88% of the companies in the same industry.
  • A Quick Ratio of 1.55 indicates that 1FSLR should not have too much problems paying its short term obligations.
  • 1FSLR has a Quick ratio of 1.55. This is in the lower half of the industry: 1FSLR underperforms 68.75% of its industry peers.
Industry RankSector Rank
Current Ratio 1.91
Quick Ratio 1.55
1FSLR.MI Yearly Current Assets VS Current Liabilites1FSLR.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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7

3. 1FSLR.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.05% over the past year.
  • The Earnings Per Share has been growing by 52.90% on average over the past years. This is a very strong growth
  • The Revenue has grown by 31.16% in the past year. This is a very strong growth!
  • 1FSLR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.55% yearly.
EPS 1Y (TTM)8.05%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%26.57%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%

3.2 Future

  • 1FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.14% yearly.
  • Based on estimates for the next years, 1FSLR will show a quite strong growth in Revenue. The Revenue will grow by 13.30% on average per year.
EPS Next Y19.76%
EPS Next 2Y35.65%
EPS Next 3Y32.21%
EPS Next 5Y25.14%
Revenue Next Year21.81%
Revenue Next 2Y20.97%
Revenue Next 3Y18.73%
Revenue Next 5Y13.3%

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.
1FSLR.MI Yearly Revenue VS Estimates1FSLR.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
1FSLR.MI Yearly EPS VS Estimates1FSLR.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 10 20 30

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8

4. 1FSLR.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.82 indicates a correct valuation of 1FSLR.
  • 92.19% of the companies in the same industry are more expensive than 1FSLR, based on the Price/Earnings ratio.
  • 1FSLR is valuated rather cheaply when we compare the Price/Earnings ratio to 25.60, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 8.99, the valuation of 1FSLR can be described as reasonable.
  • 93.75% of the companies in the same industry are more expensive than 1FSLR, based on the Price/Forward Earnings ratio.
  • 1FSLR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.84.
Industry RankSector Rank
PE 15.82
Fwd PE 8.99
1FSLR.MI Price Earnings VS Forward Price Earnings1FSLR.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1FSLR is valued cheaply inside the industry as 82.81% of the companies are valued more expensively.
  • 84.38% of the companies in the same industry are more expensive than 1FSLR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 35.97
EV/EBITDA 10.21
1FSLR.MI Per share data1FSLR.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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.
  • 1FSLR's earnings are expected to grow with 32.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.8
PEG (5Y)0.3
EPS Next 2Y35.65%
EPS Next 3Y32.21%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. 1FSLR.MI Dividend Analysis

5.1 Amount

  • 1FSLR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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1FSLR.MI Fundamentals: All Metrics, Ratios and Statistics

FIRST SOLAR INC

BIT:1FSLR (2/25/2026, 7:00:00 PM)

177.32

-7.18 (-3.89%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-24
Earnings (Next)04-27
Inst Owners99.25%
Inst Owner ChangeN/A
Ins Owners5.3%
Ins Owner ChangeN/A
Market Cap19.03B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts74.29
Price Target238.88 (34.72%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)7.64%
Min EPS beat(2)-2.26%
Max EPS beat(2)17.54%
EPS beat(4)1
Avg EPS beat(4)-8%
Min EPS beat(4)-23.86%
Max EPS beat(4)17.54%
EPS beat(8)5
Avg EPS beat(8)0.2%
EPS beat(12)8
Avg EPS beat(12)6.46%
EPS beat(16)10
Avg EPS beat(16)-20.46%
Revenue beat(2)2
Avg Revenue beat(2)2.29%
Min Revenue beat(2)0.18%
Max Revenue beat(2)4.39%
Revenue beat(4)3
Avg Revenue beat(4)1.11%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)4.39%
Revenue beat(8)5
Avg Revenue beat(8)-1.53%
Revenue beat(12)6
Avg Revenue beat(12)-3.33%
Revenue beat(16)7
Avg Revenue beat(16)-6.2%
PT rev (1m)0.53%
PT rev (3m)19.18%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-8.69%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-3.95%
Revenue NQ rev (1m)-0.5%
Revenue NQ rev (3m)-12.45%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-3.22%
Valuation
Industry RankSector Rank
PE 15.82
Fwd PE 8.99
P/S 4.38
P/FCF 35.97
P/OCF 13.59
P/B 2.45
P/tB 2.47
EV/EBITDA 10.21
EPS(TTM)11.21
EY6.32%
EPS(NY)19.72
Fwd EY11.12%
FCF(TTM)4.93
FCFY2.78%
OCF(TTM)13.04
OCFY7.36%
SpS40.51
BVpS72.31
TBVpS71.65
PEG (NY)0.8
PEG (5Y)0.3
Graham Number135.05
Profitability
Industry RankSector Rank
ROA 10.41%
ROE 15.53%
ROCE 14.52%
ROIC 10.69%
ROICexc 13.25%
ROICexgc 13.38%
OM 29.81%
PM (TTM) 27.73%
GM 40.05%
FCFM 12.17%
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
ROICexgc growth 3Y23.05%
ROICexgc 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-Score5
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.28
Debt/EBITDA 0.25
Cap/Depr 197.21%
Cap/Sales 20.03%
Interest Coverage 250
Cash Conversion 80.56%
Profit Quality 43.88%
Current Ratio 1.91
Quick Ratio 1.55
Altman-Z 4.63
F-Score5
WACC11.11%
ROIC/WACC0.96
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)8.05%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%26.57%
EPS Next Y19.76%
EPS Next 2Y35.65%
EPS Next 3Y32.21%
EPS Next 5Y25.14%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year21.81%
Revenue Next 2Y20.97%
Revenue Next 3Y18.73%
Revenue Next 5Y13.3%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year43.7%
EBIT Next 3Y37.73%
EBIT Next 5Y26.95%
FCF growth 1Y215.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y94.43%
OCF growth 3Y72.43%
OCF growth 5Y47.54%

FIRST SOLAR INC / 1FSLR.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FIRST SOLAR INC?

ChartMill assigns a fundamental rating of 6 / 10 to 1FSLR.MI.


Can you provide the valuation status for FIRST SOLAR INC?

ChartMill assigns a valuation rating of 8 / 10 to FIRST SOLAR INC (1FSLR.MI). This can be considered as Undervalued.


How profitable is FIRST SOLAR INC (1FSLR.MI) stock?

FIRST SOLAR INC (1FSLR.MI) has a profitability rating of 5 / 10.


What is the earnings growth outlook for FIRST SOLAR INC?

The Earnings per Share (EPS) of FIRST SOLAR INC (1FSLR.MI) is expected to grow by 19.76% in the next year.