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FIRST SOLAR INC (1FSLR.MI) Stock Fundamental Analysis

Europe - Euronext Milan - BIT:1FSLR - US3364331070 - Common Stock

208 EUR
-22 (-9.57%)
Last: 1/7/2026, 7:00:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to 1FSLR. 1FSLR was compared to 71 industry peers in the Semiconductors & Semiconductor Equipment industry. 1FSLR has an average financial health and profitability rating. 1FSLR is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make 1FSLR suitable for value and growth investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year 1FSLR was profitable.
  • In the past year 1FSLR had a positive cash flow from operations.
  • Of the past 5 years 1FSLR 4 years were profitable.
  • Each year in the past 5 years 1FSLR had a positive operating cash flow.
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 0 500M -500M 1B

1.2 Ratios

  • With a decent Return On Assets value of 10.41%, 1FSLR is doing good in the industry, outperforming 60.56% of the companies in the same industry.
  • 1FSLR has a Return On Equity (15.53%) which is in line with its industry peers.
  • 1FSLR's Return On Invested Capital of 10.69% is fine compared to the rest of the industry. 1FSLR outperforms 60.56% of its industry peers.
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 0 5 -5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 27.73%, 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 has a better Operating Margin (29.81%) than 74.65% of its industry peers.
  • In the last couple of years the Operating Margin of 1FSLR has grown nicely.
  • 1FSLR has a Gross Margin of 40.05%. This is in the lower half of the industry: 1FSLR underperforms 67.61% 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 0 10 -10 20 30 40

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1FSLR is destroying value.
  • 1FSLR has about the same amout of 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 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 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 5.16 indicates that 1FSLR is not in any danger for bankruptcy at the moment.
  • 1FSLR has a Altman-Z score (5.16) which is comparable to the rest of the 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.
  • Looking at the Debt to FCF ratio, with a value of 1.28, 1FSLR is in the better half of the industry, outperforming 64.79% of the companies in the same industry.
  • A Debt/Equity ratio of 0.06 indicates that 1FSLR is not too dependend on debt financing.
  • The Debt to Equity ratio of 1FSLR (0.06) is better than 83.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.28
Altman-Z 5.16
ROIC/WACC1
WACC10.71%
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 0 2B 4B 6B

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.
  • The Current ratio of 1FSLR (1.91) is worse than 70.42% of its industry peers.
  • A Quick Ratio of 1.55 indicates that 1FSLR should not have too much problems paying its short term obligations.
  • The Quick ratio of 1FSLR (1.55) is worse than 67.61% 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 1B 2B 3B 4B 5B

7

3. Growth

3.1 Past

  • 1FSLR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.05%, which is quite good.
  • 1FSLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 52.90% yearly.
  • Looking at the last year, 1FSLR shows a very strong growth in Revenue. The Revenue has grown by 31.16%.
  • 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

  • Based on estimates for the next years, 1FSLR will show a very strong growth in Earnings Per Share. The EPS will grow by 25.14% on average per year.
  • 1FSLR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.30% yearly.
EPS Next Y19.75%
EPS Next 2Y35.88%
EPS Next 3Y31.82%
EPS Next 5Y25.14%
Revenue Next Year21.88%
Revenue Next 2Y21.5%
Revenue Next 3Y18.93%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.62, 1FSLR is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1FSLR indicates a rather cheap valuation: 1FSLR is cheaper than 87.32% of the companies listed in the same industry.
  • 1FSLR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.33, which is the current average of the S&P500 Index.
  • 1FSLR is valuated reasonably with a Price/Forward Earnings ratio of 10.55.
  • Based on the Price/Forward Earnings ratio, 1FSLR is valued cheaper than 95.77% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.12. 1FSLR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 18.62
Fwd PE 10.55
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

4.2 Price Multiples

  • 78.87% 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 a bit cheaper than the industry average as 71.83% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 42.33
EV/EBITDA 12.14
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

  • 1FSLR's 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.
  • 1FSLR's earnings are expected to grow with 31.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.94
PEG (5Y)0.35
EPS Next 2Y35.88%
EPS Next 3Y31.82%

0

5. Dividend

5.1 Amount

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

FIRST SOLAR INC

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

208

-22 (-9.57%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-30
Earnings (Next)02-23
Inst Owners104.86%
Inst Owner ChangeN/A
Ins Owners5.3%
Ins Owner ChangeN/A
Market Cap22.32B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target227.02 (9.14%)
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)13.4%
PT rev (3m)18.56%
EPS NQ rev (1m)-0.71%
EPS NQ rev (3m)-10.04%
EPS NY rev (1m)-0.94%
EPS NY rev (3m)-4.64%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)-12.15%
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)-3.39%
Valuation
Industry RankSector Rank
PE 18.62
Fwd PE 10.55
P/S 5.15
P/FCF 42.33
P/OCF 16
P/B 2.89
P/tB 2.91
EV/EBITDA 12.14
EPS(TTM)11.17
EY5.37%
EPS(NY)19.72
Fwd EY9.48%
FCF(TTM)4.91
FCFY2.36%
OCF(TTM)13
OCFY6.25%
SpS40.39
BVpS72.09
TBVpS71.43
PEG (NY)0.94
PEG (5Y)0.35
Graham Number134.6
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 5.16
F-Score5
WACC10.71%
ROIC/WACC1
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 Y19.75%
EPS Next 2Y35.88%
EPS Next 3Y31.82%
EPS Next 5Y25.14%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year21.88%
Revenue Next 2Y21.5%
Revenue Next 3Y18.93%
Revenue Next 5Y13.3%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year43.76%
EBIT Next 3Y37.78%
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 FAQ

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

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


What is the valuation status for 1FSLR stock?

ChartMill assigns a valuation rating of 7 / 10 to FIRST SOLAR INC (1FSLR.MI). This can be considered as Undervalued.


What is the profitability of 1FSLR stock?

FIRST SOLAR INC (1FSLR.MI) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for 1FSLR stock?

The Price/Earnings (PE) ratio for FIRST SOLAR INC (1FSLR.MI) is 18.62 and the Price/Book (PB) ratio is 2.89.