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.

6

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.
  • Of the past 5 years 1FSLR 4 years were profitable.
  • 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

  • The Return On Assets of 1FSLR (11.47%) is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 16.02%, 1FSLR is in line with its industry, outperforming 52.31% of the companies in the same industry.
  • The Return On Invested Capital of 1FSLR (10.82%) is comparable to the rest of the industry.
  • 1FSLR had an Average Return On Invested Capital over the past 3 years of 9.52%. This is significantly below the industry average of 14.97%.
  • 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

  • 1FSLR has a Profit Margin of 29.28%. This is in the better half of the industry: 1FSLR outperforms 75.38% of its industry peers.
  • In the last couple of years the Profit Margin of 1FSLR has grown nicely.
  • 1FSLR has a better Operating Margin (30.59%) than 76.92% of its industry peers.
  • In the last couple of years the Operating Margin of 1FSLR has grown nicely.
  • 1FSLR has a Gross Margin of 40.62%. This is in the lower half of the industry: 1FSLR underperforms 69.23% of its industry peers.
  • In the last couple of years the Gross Margin of 1FSLR has grown nicely.
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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7

2. 1FSLR.MI Health Analysis

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 more shares outstanding
  • 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

  • An Altman-Z score of 5.26 indicates that 1FSLR is not in any danger for bankruptcy at the moment.
  • 1FSLR has a worse Altman-Z score (5.26) than 67.69% of its industry peers.
  • 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.
  • The Debt to FCF ratio of 1FSLR (0.45) is better than 80.00% of its industry peers.
  • A Debt/Equity ratio of 0.03 indicates that 1FSLR is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.03, 1FSLR belongs to the top of the industry, outperforming 86.15% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.45
Altman-Z 5.26
ROIC/WACC0.9
WACC12.03%
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.
  • 1FSLR's Current ratio of 2.67 is in line compared to the rest of the industry. 1FSLR outperforms 53.85% of its industry peers.
  • 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 Quick ratio of 2.35. This is in the better half of the industry: 1FSLR outperforms 80.00% 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.
  • Measured over the past years, 1FSLR shows a very strong growth in Earnings Per Share. The EPS has been growing by 30.39% on average per year.
  • Looking at the last year, 1FSLR shows a very strong growth in Revenue. The Revenue has grown by 24.09%.
  • 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 14.93% on average per year.
  • 1FSLR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.18% yearly.
EPS Next Y26.95%
EPS Next 2Y29.15%
EPS Next 3Y26.9%
EPS Next 5Y14.93%
Revenue Next Year1.75%
Revenue Next 2Y9%
Revenue Next 3Y9.09%
Revenue Next 5Y7.18%

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 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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8

4. 1FSLR.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.13, the valuation of 1FSLR can be described as correct.
  • 1FSLR's Price/Earnings ratio is rather cheap when compared to the industry. 1FSLR is cheaper than 92.31% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of 1FSLR to the average of the S&P500 Index (26.51), we can say 1FSLR is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 11.13, the valuation of 1FSLR can be described as very reasonable.
  • 93.85% 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 valuation a bit cheaper than the S&P500 average which is at 21.41.
Industry RankSector Rank
PE 14.13
Fwd PE 11.13
1FSLR.MI Price Earnings VS Forward Price Earnings1FSLR.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 96.92% of the companies in the same industry are more expensive than 1FSLR, based on the Enterprise Value to EBITDA ratio.
  • 1FSLR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. 1FSLR is cheaper than 93.85% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.17
EV/EBITDA 9.03
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 has a very decent profitability rating, which may justify a higher PE ratio.
  • 1FSLR's earnings are expected to grow with 26.90% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.52
PEG (5Y)0.46
EPS Next 2Y29.15%
EPS Next 3Y26.9%

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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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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
Industry Strength93.17
Industry Growth91.93
Earnings (Last)02-24
Earnings (Next)04-30
Inst Owners99.63%
Inst Owner ChangeN/A
Ins Owners5.31%
Ins Owner ChangeN/A
Market Cap18.42B
Revenue(TTM)5.22B
Net Income(TTM)1.53B
Analysts73.88
Price Target214.37 (25.07%)
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)-10.26%
PT rev (3m)-13.52%
EPS NQ rev (1m)-4%
EPS NQ rev (3m)-33.75%
EPS NY rev (1m)-2.98%
EPS NY rev (3m)-21.52%
Revenue NQ rev (1m)-0.75%
Revenue NQ rev (3m)-16.73%
Revenue NY rev (1m)-2.59%
Revenue NY rev (3m)-15.74%
Valuation
Industry RankSector Rank
PE 14.13
Fwd PE 11.13
P/S 4.13
P/FCF 18.17
P/OCF 10.49
P/B 2.26
P/tB 2.28
EV/EBITDA 9.03
EPS(TTM)12.13
EY7.08%
EPS(NY)15.4
Fwd EY8.99%
FCF(TTM)9.43
FCFY5.5%
OCF(TTM)16.35
OCFY9.54%
SpS41.47
BVpS75.79
TBVpS75.14
PEG (NY)0.52
PEG (5Y)0.46
Graham Number143.824 (-16.09%)
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 5.26
F-Score7
WACC12.03%
ROIC/WACC0.9
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 Y26.95%
EPS Next 2Y29.15%
EPS Next 3Y26.9%
EPS Next 5Y14.93%
Revenue 1Y (TTM)24.09%
Revenue growth 3Y25.84%
Revenue growth 5Y14%
Sales Q2Q%11.15%
Revenue Next Year1.75%
Revenue Next 2Y9%
Revenue Next 3Y9.09%
Revenue Next 5Y7.18%
EBIT growth 1Y14.57%
EBIT growth 3YN/A
EBIT growth 5Y37.62%
EBIT Next Year60.69%
EBIT Next 3Y35.28%
EBIT Next 5Y16.67%
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 6 / 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 26.95% in the next year.