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

  • 1FSLR had positive earnings in the past year.
  • In the past year 1FSLR had a positive cash flow from operations.
  • 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 11.47%, 1FSLR is in line with its industry, outperforming 56.92% of the companies in the same industry.
  • 1FSLR has a Return On Equity of 16.02%. This is comparable to the rest of the industry: 1FSLR outperforms 52.31% of its industry peers.
  • 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 15.52%.
  • The last Return On Invested Capital (10.82%) for 1FSLR is above the 3 year average (9.52%), which is a sign of increasing profitability.
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 a decent Profit Margin value of 29.28%, 1FSLR is doing good in the industry, outperforming 75.38% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 1FSLR has grown nicely.
  • Looking at the Operating Margin, with a value of 30.59%, 1FSLR is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
  • 1FSLR's Operating Margin has improved in the last couple of years.
  • 1FSLR's Gross Margin of 40.62% is on the low side compared to the rest of the industry. 1FSLR is outperformed by 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
  • Compared to 5 years ago, 1FSLR has more shares outstanding
  • 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

  • An Altman-Z score of 5.26 indicates that 1FSLR is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 5.26, 1FSLR is doing worse than 67.69% of the companies in the same 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.
  • Looking at the Debt to FCF ratio, with a value of 0.45, 1FSLR is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that 1FSLR is not too dependend on debt financing.
  • 1FSLR has a Debt to Equity ratio of 0.03. This is amongst the best in the industry. 1FSLR outperforms 86.15% of its industry peers.
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

  • 1FSLR has a Current Ratio of 2.67. This indicates that 1FSLR is financially healthy and has no problem in meeting its short term obligations.
  • With a Current ratio value of 2.67, 1FSLR perfoms like the industry average, outperforming 53.85% 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.
  • The Quick ratio of 1FSLR (2.35) is better than 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.
  • The Earnings Per Share has been growing by 30.39% on average over the past years. This is a very strong growth
  • 1FSLR shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.09%.
  • 1FSLR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.00% yearly.
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

  • 1FSLR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.93% yearly.
  • 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

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 decreasing.
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 14.13 indicates a correct valuation of 1FSLR.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1FSLR indicates a rather cheap valuation: 1FSLR is cheaper than 92.31% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.91. 1FSLR is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 11.13 indicates a reasonable valuation of 1FSLR.
  • Based on the Price/Forward Earnings ratio, 1FSLR is valued cheaper than 93.85% of the companies in the same industry.
  • 1FSLR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.99, which is the current average of the S&P500 Index.
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

  • Based on the Enterprise Value to EBITDA ratio, 1FSLR is valued cheaper than 96.92% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, 1FSLR is valued cheaply inside the industry as 93.85% of the companies are valued more expensively.
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

  • 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.
  • A more expensive valuation may be justified as 1FSLR's earnings are expected to grow with 26.90% in the coming years.
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

  • 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 (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)04-30
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.