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

BIT:1FSLR • US3364331070

Current stock price

171.4 EUR
+6.4 (+3.88%)
Last:

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

7

1. 1FSLR.MI Profitability Analysis

1.1 Basic Checks

  • In the past year 1FSLR was profitable.
  • In the past year 1FSLR had a positive cash flow from operations.
  • 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.
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

  • 1FSLR has a better Return On Assets (11.47%) than 61.97% of its industry peers.
  • 1FSLR has a Return On Equity (16.02%) which is in line with its industry peers.
  • 1FSLR has a Return On Invested Capital of 10.82%. This is comparable to the rest of the industry: 1FSLR outperforms 56.34% of its industry peers.
  • 1FSLR had an Average Return On Invested Capital over the past 3 years of 9.52%. This is significantly below the industry average of 14.74%.
  • The 3 year average ROIC (9.52%) for 1FSLR is below the current ROIC(10.82%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 11.47%
ROE 16.02%
ROIC 10.82%
ROA(3y)10.05%
ROA(5y)7.19%
ROE(3y)14.88%
ROE(5y)10.35%
ROIC(3y)9.52%
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

  • With an excellent Profit Margin value of 29.28%, 1FSLR belongs to the best of the industry, outperforming 80.28% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 1FSLR has grown nicely.
  • 1FSLR's Operating Margin of 30.59% is amongst the best of the industry. 1FSLR outperforms 81.69% of its industry peers.
  • 1FSLR's Operating Margin has improved in the last couple of years.
  • 1FSLR has a worse Gross Margin (40.62%) than 67.61% of its industry peers.
  • 1FSLR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 30.59%
PM (TTM) 29.28%
GM 40.62%
OM growth 3YN/A
OM growth 5Y20.72%
PM growth 3YN/A
PM growth 5Y14.79%
GM growth 3Y102.73%
GM growth 5Y10.1%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. 1FSLR.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1FSLR is destroying value.
  • The number of shares outstanding for 1FSLR has been increased compared to 1 year ago.
  • The number of shares outstanding for 1FSLR has been increased compared to 5 years ago.
  • 1FSLR has a better debt/assets ratio than last year.
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 5.25. This indicates that 1FSLR is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of 1FSLR (5.25) is comparable to the rest of the industry.
  • The Debt to FCF ratio of 1FSLR is 0.45, which is an excellent value as it means it would take 1FSLR, only 0.45 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 0.45, 1FSLR belongs to the best of the industry, outperforming 81.69% of the companies in the same industry.
  • 1FSLR has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.03, 1FSLR belongs to the top of the industry, outperforming 87.32% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.45
Altman-Z 5.25
ROIC/WACC0.93
WACC11.64%
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

  • A Current Ratio of 2.67 indicates that 1FSLR has no problem at all paying its short term obligations.
  • With a Current ratio value of 2.67, 1FSLR perfoms like the industry average, outperforming 59.15% of the companies in the same industry.
  • 1FSLR has a Quick Ratio of 2.35. This indicates that 1FSLR is financially healthy and has no problem in meeting its short term obligations.
  • 1FSLR has a better Quick ratio (2.35) than 78.87% of its industry peers.
Industry RankSector Rank
Current Ratio 2.67
Quick Ratio 2.35
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. 1FSLR.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 14.14% over the past year.
  • 1FSLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 30.39% yearly.
  • The Revenue has grown by 24.09% in the past year. This is a very strong growth!
  • The Revenue has been growing by 14.00% on average over the past years. This is quite good.
EPS 1Y (TTM)14.14%
EPS 3YN/A
EPS 5Y30.39%
EPS Q2Q%32.6%
Revenue 1Y (TTM)24.09%
Revenue growth 3Y25.84%
Revenue growth 5Y14%
Sales Q2Q%11.15%

3.2 Future

  • Based on estimates for the next years, 1FSLR will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.46% on average per year.
  • Based on estimates for the next years, 1FSLR will show a small growth in Revenue. The Revenue will grow by 7.76% on average per year.
EPS Next Y30.85%
EPS Next 2Y30.85%
EPS Next 3Y27.32%
EPS Next 5Y15.46%
Revenue Next Year4.46%
Revenue Next 2Y9.71%
Revenue Next 3Y9.57%
Revenue Next 5Y7.76%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less 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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Find the best growth stocksShow best growing peers

8

4. 1FSLR.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.10, which indicates a correct valuation of 1FSLR.
  • Based on the Price/Earnings ratio, 1FSLR is valued cheaply inside the industry as 91.55% of the companies are valued more expensively.
  • 1FSLR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.34.
  • The Price/Forward Earnings ratio is 10.77, which indicates a very decent valuation of 1FSLR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 1FSLR indicates a rather cheap valuation: 1FSLR is cheaper than 95.77% of the companies listed in the same industry.
  • 1FSLR is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.18, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.1
Fwd PE 10.77
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

  • 95.77% of the companies in the same industry are more expensive than 1FSLR, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, 1FSLR is valued cheaper than 92.96% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.1
EV/EBITDA 8.99
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.
  • 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 27.32% in the coming years.
PEG (NY)0.46
PEG (5Y)0.46
EPS Next 2Y30.85%
EPS Next 3Y27.32%

More info and screens

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

0

5. 1FSLR.MI Dividend Analysis

5.1 Amount

  • No dividends for 1FSLR!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

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

FIRST SOLAR INC

BIT:1FSLR (4/13/2026, 7:00:00 PM)

171.4

+6.4 (+3.88%)

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 Cap18.39B
Revenue(TTM)5.22B
Net Income(TTM)1.53B
Analysts74.29
Price Target238.88 (39.37%)
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)0
Avg EPS beat(2)-5.1%
Min EPS beat(2)-7.93%
Max EPS beat(2)-2.26%
EPS beat(4)1
Avg EPS beat(4)-4.01%
Min EPS beat(4)-23.4%
Max EPS beat(4)17.54%
EPS beat(8)4
Avg EPS beat(8)-1.01%
EPS beat(12)7
Avg EPS beat(12)1.12%
EPS beat(16)9
Avg EPS beat(16)-21.81%
Revenue beat(2)2
Avg Revenue beat(2)2.87%
Min Revenue beat(2)0.18%
Max Revenue beat(2)5.57%
Revenue beat(4)3
Avg Revenue beat(4)2.2%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)5.57%
Revenue beat(8)6
Avg Revenue beat(8)0.89%
Revenue beat(12)7
Avg Revenue beat(12)-2.82%
Revenue beat(16)8
Avg Revenue beat(16)-5.66%
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 14.1
Fwd PE 10.77
P/S 4.12
P/FCF 18.1
P/OCF 10.45
P/B 2.25
P/tB 2.27
EV/EBITDA 8.99
EPS(TTM)12.16
EY7.09%
EPS(NY)15.91
Fwd EY9.28%
FCF(TTM)9.47
FCFY5.52%
OCF(TTM)16.41
OCFY9.57%
SpS41.63
BVpS76.07
TBVpS75.42
PEG (NY)0.46
PEG (5Y)0.46
Graham Number144.27
Profitability
Industry RankSector Rank
ROA 11.47%
ROE 16.02%
ROCE 14.43%
ROIC 10.82%
ROICexc 14.58%
ROICexgc 14.73%
OM 30.59%
PM (TTM) 29.28%
GM 40.62%
FCFM 22.75%
ROA(3y)10.05%
ROA(5y)7.19%
ROE(3y)14.88%
ROE(5y)10.35%
ROIC(3y)9.52%
ROIC(5y)N/A
ROICexc(3y)12.27%
ROICexc(5y)N/A
ROICexgc(3y)12.4%
ROICexgc(5y)N/A
ROCE(3y)12.69%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y21.96%
ROICexc growth 3YN/A
ROICexc growth 5Y22.1%
OM growth 3YN/A
OM growth 5Y20.72%
PM growth 3YN/A
PM growth 5Y14.79%
GM growth 3Y102.73%
GM growth 5Y10.1%
F-Score7
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.45
Debt/EBITDA 0.15
Cap/Depr 164.37%
Cap/Sales 16.67%
Interest Coverage 250
Cash Conversion 96.76%
Profit Quality 77.69%
Current Ratio 2.67
Quick Ratio 2.35
Altman-Z 5.25
F-Score7
WACC11.64%
ROIC/WACC0.93
Cap/Depr(3y)324.99%
Cap/Depr(5y)303.58%
Cap/Sales(3y)31.58%
Cap/Sales(5y)29.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.14%
EPS 3YN/A
EPS 5Y30.39%
EPS Q2Q%32.6%
EPS Next Y30.85%
EPS Next 2Y30.85%
EPS Next 3Y27.32%
EPS Next 5Y15.46%
Revenue 1Y (TTM)24.09%
Revenue growth 3Y25.84%
Revenue growth 5Y14%
Sales Q2Q%11.15%
Revenue Next Year4.46%
Revenue Next 2Y9.71%
Revenue Next 3Y9.57%
Revenue Next 5Y7.76%
EBIT growth 1Y14.57%
EBIT growth 3YN/A
EBIT growth 5Y37.62%
EBIT Next Year56.59%
EBIT Next 3Y34.45%
EBIT Next 5Y18.19%
FCF growth 1Y485.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.89%
OCF growth 3Y33.05%
OCF growth 5Y123.24%

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 7 / 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 30.85% in the next year.