Logo image of CSIQ

CANADIAN SOLAR INC (CSIQ) Stock Fundamental Analysis

NASDAQ:CSIQ - Nasdaq - CA1366351098 - Common Stock - Currency: USD

10.24  +0.2 (+1.99%)

After market: 10.232 -0.01 (-0.08%)

Fundamental Rating

2

CSIQ gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of CSIQ have multiple concerns. CSIQ is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

2

1. Profitability

1.1 Basic Checks

In the past year CSIQ was profitable.
CSIQ had a negative operating cash flow in the past year.
CSIQ had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: CSIQ reported negative operating cash flow in multiple 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M -1B

1.2 Ratios

CSIQ has a Return On Assets of 0.01%. This is comparable to the rest of the industry: CSIQ outperforms 44.44% of its industry peers.
CSIQ has a Return On Equity of 0.03%. This is comparable to the rest of the industry: CSIQ outperforms 44.44% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.96%, CSIQ is in line with its industry, outperforming 46.30% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CSIQ is significantly below the industry average of 11.31%.
Industry RankSector Rank
ROA 0.01%
ROE 0.03%
ROIC 0.96%
ROA(3y)2.08%
ROA(5y)2.33%
ROE(3y)9.45%
ROE(5y)10%
ROIC(3y)3.73%
ROIC(5y)4.08%
CSIQ Yearly ROA, ROE, ROICCSIQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

CSIQ has a Profit Margin (0.01%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CSIQ has declined.
CSIQ has a Operating Margin of 1.58%. This is comparable to the rest of the industry: CSIQ outperforms 47.22% of its industry peers.
In the last couple of years the Operating Margin of CSIQ has declined.
CSIQ has a Gross Margin of 16.13%. This is amonst the worse of the industry: CSIQ underperforms 84.26% of its industry peers.
In the last couple of years the Gross Margin of CSIQ has declined.
Industry RankSector Rank
OM 1.58%
PM (TTM) 0.01%
GM 16.13%
OM growth 3Y-4.74%
OM growth 5Y-13.03%
PM growth 3Y-5.15%
PM growth 5Y-10.67%
GM growth 3Y-5.38%
GM growth 5Y-4.07%
CSIQ Yearly Profit, Operating, Gross MarginsCSIQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

More info and screens

1

2. Health

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.
There is no outstanding debt for CSIQ. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
CSIQ Yearly Shares OutstandingCSIQ Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
CSIQ Yearly Total Debt VS Total AssetsCSIQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

CSIQ has an Altman-Z score of 0.70. This is a bad value and indicates that CSIQ is not financially healthy and even has some risk of bankruptcy.
CSIQ has a Altman-Z score of 0.70. This is in the lower half of the industry: CSIQ underperforms 75.00% of its industry peers.
CSIQ has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
CSIQ has a Debt to Equity ratio of 1.13. This is amonst the worse of the industry: CSIQ underperforms 87.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 0.7
ROIC/WACC0.24
WACC4.08%
CSIQ Yearly LT Debt VS Equity VS FCFCSIQ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B 2B

2.3 Liquidity

A Current Ratio of 1.06 indicates that CSIQ should not have too much problems paying its short term obligations.
CSIQ's Current ratio of 1.06 is on the low side compared to the rest of the industry. CSIQ is outperformed by 90.74% of its industry peers.
CSIQ has a Quick Ratio of 1.06. This is a bad value and indicates that CSIQ is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.85, CSIQ is not doing good in the industry: 87.96% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 0.85
CSIQ Yearly Current Assets VS Current LiabilitesCSIQ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

More info and screens

4

3. Growth

3.1 Past

CSIQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -99.80%.
The Revenue for CSIQ has decreased by -21.68% in the past year. This is quite bad
The Revenue has been growing by 15.25% on average over the past years. This is quite good.
EPS 1Y (TTM)-99.8%
EPS 3Y16.72%
EPS 5Y0%
EPS Q2Q%-165.62%
Revenue 1Y (TTM)-21.68%
Revenue growth 3Y29.86%
Revenue growth 5Y15.25%
Sales Q2Q%-18.34%

3.2 Future

Based on estimates for the next years, CSIQ will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.43% on average per year.
Based on estimates for the next years, CSIQ will show a small growth in Revenue. The Revenue will grow by 7.43% on average per year.
EPS Next Y-89%
EPS Next 2Y-42.97%
EPS Next 3Y-20.59%
EPS Next 5Y16.43%
Revenue Next Year-19.23%
Revenue Next 2Y-1.47%
Revenue Next 3Y3.95%
Revenue Next 5Y7.43%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CSIQ Yearly Revenue VS EstimatesCSIQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B 8B 10B
CSIQ Yearly EPS VS EstimatesCSIQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 2 4 6 8

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 1024.00, CSIQ can be considered very expensive at the moment.
CSIQ's Price/Earnings ratio is a bit more expensive when compared to the industry. CSIQ is more expensive than 66.67% of the companies in the same industry.
CSIQ's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.35.
The Forward Price/Earnings Ratio is negative for CSIQ. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 1024
Fwd PE N/A
CSIQ Price Earnings VS Forward Price EarningsCSIQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 200 400 600 800 1K

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CSIQ is valued cheaper than 86.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.01
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

A cheap valuation may be justified as CSIQ's earnings are expected to decrease with -20.59% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-42.97%
EPS Next 3Y-20.59%

More info and screens

0

5. Dividend

5.1 Amount

CSIQ does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

CANADIAN SOLAR INC

NASDAQ:CSIQ (3/7/2025, 8:16:25 PM)

After market: 10.232 -0.01 (-0.08%)

10.24

+0.2 (+1.99%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)12-05 2024-12-05/bmo
Earnings (Next)03-25 2025-03-25
Inst Owners52.51%
Inst Owner Change-3.54%
Ins Owners21.2%
Ins Owner ChangeN/A
Market Cap677.58M
Analysts71.11
Price Target16.49 (61.04%)
Short Float %26.86%
Short Ratio7.64
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-43.16%
Min EPS beat(2)-62.29%
Max EPS beat(2)-24.03%
EPS beat(4)1
Avg EPS beat(4)279.36%
Min EPS beat(4)-187.15%
Max EPS beat(4)1390.88%
EPS beat(8)4
Avg EPS beat(8)155.7%
EPS beat(12)7
Avg EPS beat(12)135.2%
EPS beat(16)10
Avg EPS beat(16)125.83%
Revenue beat(2)1
Avg Revenue beat(2)-6.29%
Min Revenue beat(2)-13.65%
Max Revenue beat(2)1.08%
Revenue beat(4)2
Avg Revenue beat(4)-3.08%
Min Revenue beat(4)-13.65%
Max Revenue beat(4)1.23%
Revenue beat(8)3
Avg Revenue beat(8)-3.97%
Revenue beat(12)4
Avg Revenue beat(12)-4.24%
Revenue beat(16)6
Avg Revenue beat(16)-3.68%
PT rev (1m)0%
PT rev (3m)-13.82%
EPS NQ rev (1m)116.92%
EPS NQ rev (3m)-72.25%
EPS NY rev (1m)0%
EPS NY rev (3m)-68.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-26.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.29%
Valuation
Industry RankSector Rank
PE 1024
Fwd PE N/A
P/S 0.11
P/FCF N/A
P/OCF N/A
P/B 0.24
P/tB 0.24
EV/EBITDA 9.01
EPS(TTM)0.01
EY0.1%
EPS(NY)-0.17
Fwd EYN/A
FCF(TTM)-38.77
FCFYN/A
OCF(TTM)-11.51
OCFYN/A
SpS93.31
BVpS43.42
TBVpS42.91
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.01%
ROE 0.03%
ROCE 1.26%
ROIC 0.96%
ROICexc 1.3%
ROICexgc 1.3%
OM 1.58%
PM (TTM) 0.01%
GM 16.13%
FCFM N/A
ROA(3y)2.08%
ROA(5y)2.33%
ROE(3y)9.45%
ROE(5y)10%
ROIC(3y)3.73%
ROIC(5y)4.08%
ROICexc(3y)4.8%
ROICexc(5y)5.21%
ROICexgc(3y)4.81%
ROICexgc(5y)5.24%
ROCE(3y)6.04%
ROCE(5y)7.13%
ROICexcg growth 3Y8.82%
ROICexcg growth 5Y-16.54%
ROICexc growth 3Y8.92%
ROICexc growth 5Y-16.47%
OM growth 3Y-4.74%
OM growth 5Y-13.03%
PM growth 3Y-5.15%
PM growth 5Y-10.67%
GM growth 3Y-5.38%
GM growth 5Y-4.07%
F-Score1
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Debt/EBITDA 8.01
Cap/Depr 587.52%
Cap/Sales 29.22%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.06
Quick Ratio 0.85
Altman-Z 0.7
F-Score1
WACC4.08%
ROIC/WACC0.24
Cap/Depr(3y)305.49%
Cap/Depr(5y)251.79%
Cap/Sales(3y)12.19%
Cap/Sales(5y)11.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-99.8%
EPS 3Y16.72%
EPS 5Y0%
EPS Q2Q%-165.62%
EPS Next Y-89%
EPS Next 2Y-42.97%
EPS Next 3Y-20.59%
EPS Next 5Y16.43%
Revenue 1Y (TTM)-21.68%
Revenue growth 3Y29.86%
Revenue growth 5Y15.25%
Sales Q2Q%-18.34%
Revenue Next Year-19.23%
Revenue Next 2Y-1.47%
Revenue Next 3Y3.95%
Revenue Next 5Y7.43%
EBIT growth 1Y-83.42%
EBIT growth 3Y23.71%
EBIT growth 5Y0.24%
EBIT Next Year12.34%
EBIT Next 3Y24.74%
EBIT Next 5Y27.13%
FCF growth 1Y-391.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-25.31%
OCF growth 3YN/A
OCF growth 5Y25.02%