CANADIAN SOLAR INC (CSIQ) Fundamental Analysis & Valuation

NASDAQ:CSIQ • CA1366351098

Current stock price

15.29 USD
+0.57 (+3.87%)
At close:
15.3992 USD
+0.11 (+0.71%)
After Hours:

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

2

1. CSIQ Profitability Analysis

1.1 Basic Checks

  • In the past year CSIQ has reported negative net income.
  • CSIQ had a negative operating cash flow in the past year.
  • Of the past 5 years CSIQ 4 years were profitable.
  • In multiple years CSIQ reported negative operating cash flow during the last 5 years.
CSIQ Yearly Net Income VS EBIT VS OCF VS FCFCSIQ 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 -1B -2B

1.2 Ratios

  • The Return On Assets of CSIQ (-0.69%) is comparable to the rest of the industry.
  • CSIQ has a Return On Equity of -3.71%. This is comparable to the rest of the industry: CSIQ outperforms 42.61% of its industry peers.
  • CSIQ has a Return On Invested Capital (0.33%) which is in line with its industry peers.
Industry RankSector Rank
ROA -0.69%
ROE -3.71%
ROIC 0.33%
ROA(3y)0.63%
ROA(5y)1.17%
ROE(3y)2.76%
ROE(5y)5.19%
ROIC(3y)N/A
ROIC(5y)N/A
CSIQ Yearly ROA, ROE, ROICCSIQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • CSIQ has a Operating Margin of 0.77%. This is comparable to the rest of the industry: CSIQ outperforms 47.83% of its industry peers.
  • In the last couple of years the Operating Margin of CSIQ has declined.
  • CSIQ has a Gross Margin of 18.34%. This is in the lower half of the industry: CSIQ underperforms 77.39% of its industry peers.
  • CSIQ's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 0.77%
PM (TTM) N/A
GM 18.34%
OM growth 3Y-39.55%
OM growth 5Y-31.2%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.74%
GM growth 5Y-1.56%
CSIQ Yearly Profit, Operating, Gross MarginsCSIQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

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0

2. CSIQ Health Analysis

2.1 Basic Checks

  • CSIQ has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • CSIQ has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for CSIQ has been increased compared to 5 years ago.
  • The debt/assets ratio for CSIQ is higher compared to a year ago.
CSIQ Yearly Shares OutstandingCSIQ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
CSIQ Yearly Total Debt VS Total AssetsCSIQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • Based on the Altman-Z score of 0.57, we must say that CSIQ is in the distress zone and has some risk of bankruptcy.
  • CSIQ has a Altman-Z score of 0.57. This is in the lower half of the industry: CSIQ underperforms 79.13% of its industry peers.
  • CSIQ has a Debt/Equity ratio of 1.75. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.75, CSIQ is doing worse than 92.17% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.75
Debt/FCF N/A
Altman-Z 0.57
ROIC/WACC0.09
WACC3.79%
CSIQ Yearly LT Debt VS Equity VS FCFCSIQ 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 -2B

2.3 Liquidity

  • A Current Ratio of 1.02 indicates that CSIQ should not have too much problems paying its short term obligations.
  • CSIQ's Current ratio of 1.02 is on the low side compared to the rest of the industry. CSIQ is outperformed by 91.30% of its industry peers.
  • CSIQ has a Quick Ratio of 1.02. This is a bad value and indicates that CSIQ is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.83, CSIQ is doing worse than 90.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 0.83
CSIQ Yearly Current Assets VS Current LiabilitesCSIQ 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

3

3. CSIQ Growth Analysis

3.1 Past

  • The earnings per share for CSIQ have decreased strongly by -73.26% in the last year.
  • Looking at the last year, CSIQ shows a decrease in Revenue. The Revenue has decreased by -6.65% in the last year.
  • CSIQ shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.98% yearly.
EPS 1Y (TTM)-73.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.27%
Revenue 1Y (TTM)-6.65%
Revenue growth 3Y-9.18%
Revenue growth 5Y9.98%
Sales Q2Q%-19.99%

3.2 Future

  • Based on estimates for the next years, CSIQ will show a very strong growth in Earnings Per Share. The EPS will grow by 38.87% on average per year.
  • The Revenue is expected to grow by 7.37% on average over the next years.
EPS Next Y91.82%
EPS Next 2Y52.67%
EPS Next 3Y38.49%
EPS Next 5Y38.87%
Revenue Next Year18.63%
Revenue Next 2Y16.24%
Revenue Next 3Y12.61%
Revenue Next 5Y7.37%

3.3 Evolution

  • 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.
CSIQ Yearly Revenue VS EstimatesCSIQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B 8B
CSIQ Yearly EPS VS EstimatesCSIQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 2 -2 4 6 8

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2

4. CSIQ Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for CSIQ. In the last year negative earnings were reported.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for CSIQ. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
CSIQ Price Earnings VS Forward Price EarningsCSIQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50

4.2 Price Multiples

  • CSIQ's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CSIQ is cheaper than 96.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.75
CSIQ Per share dataCSIQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60 80

4.3 Compensation for Growth

  • CSIQ's earnings are expected to grow with 38.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.67%
EPS Next 3Y38.49%

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

0

5. CSIQ Dividend Analysis

5.1 Amount

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

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CSIQ Fundamentals: All Metrics, Ratios and Statistics

CANADIAN SOLAR INC

NASDAQ:CSIQ (4/30/2026, 8:00:02 PM)

After market: 15.3992 +0.11 (+0.71%)

15.29

+0.57 (+3.87%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Industry Strength100
Industry Growth0.75
Earnings (Last)03-19
Earnings (Next)05-14
Inst Owners41.87%
Inst Owner Change-1.35%
Ins Owners21.18%
Ins Owner Change0.15%
Market Cap1.04B
Revenue(TTM)5.60B
Net Income(TTM)-104.13M
Analysts54.12
Price Target16.5 (7.91%)
Short Float %30.54%
Short Ratio6.15
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.96%
Min EPS beat(2)-105.85%
Max EPS beat(2)85.92%
EPS beat(4)2
Avg EPS beat(4)-30.04%
Min EPS beat(4)-105.85%
Max EPS beat(4)85.92%
EPS beat(8)3
Avg EPS beat(8)-25.65%
EPS beat(12)5
Avg EPS beat(12)-25.63%
EPS beat(16)9
Avg EPS beat(16)10.15%
Revenue beat(2)1
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-11.92%
Max Revenue beat(2)6.7%
Revenue beat(4)2
Avg Revenue beat(4)-3.24%
Min Revenue beat(4)-14.75%
Max Revenue beat(4)7.03%
Revenue beat(8)4
Avg Revenue beat(8)-3.67%
Revenue beat(12)4
Avg Revenue beat(12)-4.17%
Revenue beat(16)6
Avg Revenue beat(16)-3.94%
PT rev (1m)-23.39%
PT rev (3m)-23.39%
EPS NQ rev (1m)-29.61%
EPS NQ rev (3m)-352.76%
EPS NY rev (1m)-126.28%
EPS NY rev (3m)-121.73%
Revenue NQ rev (1m)-19.08%
Revenue NQ rev (3m)-40.42%
Revenue NY rev (1m)-9.46%
Revenue NY rev (3m)-8.95%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.19
P/FCF N/A
P/OCF N/A
P/B 0.37
P/tB 0.37
EV/EBITDA 9.75
EPS(TTM)-2.49
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)-24.24
FCFYN/A
OCF(TTM)-3.73
OCFYN/A
SpS82.5
BVpS41.4
TBVpS40.93
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -0.69%
ROE -3.71%
ROCE 0.46%
ROIC 0.33%
ROICexc 0.38%
ROICexgc 0.38%
OM 0.77%
PM (TTM) N/A
GM 18.34%
FCFM N/A
ROA(3y)0.63%
ROA(5y)1.17%
ROE(3y)2.76%
ROE(5y)5.19%
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 3Y-57.19%
ROICexgc growth 5Y-37.84%
ROICexc growth 3Y-57.18%
ROICexc growth 5Y-37.8%
OM growth 3Y-39.55%
OM growth 5Y-31.2%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.74%
GM growth 5Y-1.56%
F-Score2
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 1.75
Debt/FCF N/A
Debt/EBITDA 8.21
Cap/Depr 250.69%
Cap/Sales 24.87%
Interest Coverage 0.25
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.02
Quick Ratio 0.83
Altman-Z 0.57
F-Score2
WACC3.79%
ROIC/WACC0.09
Cap/Depr(3y)373.51%
Cap/Depr(5y)308.03%
Cap/Sales(3y)25.37%
Cap/Sales(5y)18.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-73.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.27%
EPS Next Y91.82%
EPS Next 2Y52.67%
EPS Next 3Y38.49%
EPS Next 5Y38.87%
Revenue 1Y (TTM)-6.65%
Revenue growth 3Y-9.18%
Revenue growth 5Y9.98%
Sales Q2Q%-19.99%
Revenue Next Year18.63%
Revenue Next 2Y16.24%
Revenue Next 3Y12.61%
Revenue Next 5Y7.37%
EBIT growth 1Y243.47%
EBIT growth 3Y-45.1%
EBIT growth 5Y-24.33%
EBIT Next Year3607.17%
EBIT Next 3Y261.38%
EBIT Next 5Y127.93%
FCF growth 1Y40.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y71.45%
OCF growth 3YN/A
OCF growth 5YN/A

CANADIAN SOLAR INC / CSIQ Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 2 / 10 to CSIQ.


What is the valuation status of CANADIAN SOLAR INC (CSIQ) stock?

ChartMill assigns a valuation rating of 2 / 10 to CANADIAN SOLAR INC (CSIQ). This can be considered as Overvalued.


How profitable is CANADIAN SOLAR INC (CSIQ) stock?

CANADIAN SOLAR INC (CSIQ) has a profitability rating of 2 / 10.


Is the dividend of CANADIAN SOLAR INC sustainable?

The dividend rating of CANADIAN SOLAR INC (CSIQ) is 0 / 10 and the dividend payout ratio is 0%.