CANADIAN SOLAR INC (CSIQ) Fundamental Analysis & Valuation

NASDAQ:CSIQ • CA1366351098

Current stock price

13.92 USD
-0.2 (-1.42%)
At close:
14.5 USD
+0.58 (+4.17%)
Pre-Market:

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

  • CSIQ had negative earnings in the past year.
  • In the past year CSIQ has reported a negative cash flow from operations.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -1B -2B

1.2 Ratios

  • CSIQ has a Return On Assets of -0.69%. This is comparable to the rest of the industry: CSIQ outperforms 48.70% of its industry peers.
  • With a Return On Equity value of -3.71%, CSIQ perfoms like the industry average, outperforming 42.61% of the companies in the same industry.
  • With a Return On Invested Capital value of 0.33%, CSIQ perfoms like the industry average, outperforming 46.96% of the companies in the same industry.
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 (0.77%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of CSIQ has declined.
  • Looking at the Gross Margin, with a value of 18.34%, CSIQ is doing worse than 77.39% of the companies in the same industry.
  • 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.
  • Compared to 1 year ago, CSIQ has more shares outstanding
  • The number of shares outstanding for CSIQ has been increased compared to 5 years ago.
  • Compared to 1 year ago, CSIQ has a worse debt to assets ratio.
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.
  • The Altman-Z score of CSIQ (0.57) is worse than 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.
  • CSIQ has a Debt to Equity ratio of 1.75. This is amonst the worse of the industry: CSIQ underperforms 92.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.75
Debt/FCF N/A
Altman-Z 0.57
ROIC/WACC0.09
WACC3.65%
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

  • CSIQ has a Current Ratio of 1.02. This is a normal value and indicates that CSIQ is financially healthy and should not expect problems in meeting 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.
  • A Quick Ratio of 0.83 indicates that CSIQ may have some problems paying its short term obligations.
  • CSIQ has a Quick ratio of 0.83. This is amonst the worse of the industry: CSIQ underperforms 90.43% of its industry peers.
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

  • CSIQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -73.26%.
  • Looking at the last year, CSIQ shows a decrease in Revenue. The Revenue has decreased by -6.65% in the last year.
  • Measured over the past years, CSIQ shows a quite strong growth in Revenue. The Revenue has been growing by 9.98% on average per year.
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

  • CSIQ is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.87% yearly.
  • Based on estimates for the next years, CSIQ will show a small growth in Revenue. The Revenue will grow by 7.37% on average per year.
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

  • CSIQ reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year CSIQ is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CSIQ indicates a rather cheap valuation: CSIQ is cheaper than 96.52% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.66
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 (4/27/2026, 8:00:01 PM)

Premarket: 14.5 +0.58 (+4.17%)

13.92

-0.2 (-1.42%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-19
Earnings (Next)05-14
Inst Owners41.87%
Inst Owner Change-1.35%
Ins Owners21.18%
Ins Owner Change0.15%
Market Cap944.05M
Revenue(TTM)5.60B
Net Income(TTM)-104.13M
Analysts54.12
Price Target16.5 (18.53%)
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 0.17
P/FCF N/A
P/OCF N/A
P/B 0.34
P/tB 0.34
EV/EBITDA 9.66
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
WACC3.65%
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%.