CANADIAN SOLAR INC (CSIQ)
CA1366351098 - Common Stock
Overall CSIQ gets a fundamental rating of 2 out of 10. We evaluated CSIQ against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of CSIQ have multiple concerns. CSIQ has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
CSIQ had negative earnings in the past year.
CSIQ had a negative operating cash flow in the past year.
Of the past 5 years CSIQ 4 years were profitable.
The reported operating cash flow has been mixed in the past 5 years: CSIQ reported negative operating cash flow in multiple years.
1.2 Ratios
With a Return On Assets value of 0.30%, CSIQ perfoms like the industry average, outperforming 45.37% of the companies in the same industry.
CSIQ's Return On Equity of 1.38% is in line compared to the rest of the industry. CSIQ outperforms 47.22% of its industry peers.
CSIQ has a Return On Invested Capital (2.03%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for CSIQ is significantly below the industry average of 11.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.3% | ||
| ROE | 1.38% | ||
| ROIC | 2.03% |
ROA(3y)2.08%
ROA(5y)2.33%
ROE(3y)9.45%
ROE(5y)10%
ROIC(3y)3.73%
ROIC(5y)4.08%
1.3 Margins
The Profit Margin of CSIQ (0.56%) is comparable to the rest of the industry.
CSIQ's Profit Margin has declined in the last couple of years.
The Operating Margin of CSIQ (2.77%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of CSIQ has declined.
The Gross Margin of CSIQ (16.22%) is worse than 82.41% of its industry peers.
In the last couple of years the Gross Margin of CSIQ has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.77% | ||
| PM (TTM) | 0.56% | ||
| GM | 16.22% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CSIQ is destroying value.
CSIQ has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
CSIQ has an Altman-Z score of 0.83. 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 0.83. This is in the lower half of the industry: CSIQ underperforms 72.22% of its industry peers.
A Debt/Equity ratio of 1.04 is on the high side and indicates that CSIQ has dependencies on debt financing.
With a Debt to Equity ratio value of 1.04, CSIQ is not doing good in the industry: 86.11% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.83 |
ROIC/WACC0.48
WACC4.24%
2.3 Liquidity
A Current Ratio of 1.04 indicates that CSIQ should not have too much problems paying its short term obligations.
CSIQ has a Current ratio of 1.04. This is amonst the worse of the industry: CSIQ underperforms 89.81% of its industry peers.
CSIQ has a Quick Ratio of 1.04. 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 0.82, CSIQ is not doing good in the industry: 86.11% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The earnings per share for CSIQ have decreased strongly by -101.80% in the last year.
Measured over the past years, CSIQ shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -30.77% on average per year.
EPS 1Y (TTM)-101.8%
EPS 3Y-26.43%
EPS 5Y-30.77%
EPS Q2Q%-196.87%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-18.34%
3.2 Future
CSIQ is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 81.59% yearly.
CSIQ is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.59% yearly.
EPS Next Y267.99%
EPS Next 2Y158.88%
EPS Next 3Y155.63%
EPS Next 5Y81.59%
Revenue Next Year22.66%
Revenue Next 2Y18.19%
Revenue Next 3Y22.22%
Revenue Next 5Y13.59%
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.
4. Valuation
4.1 Price/Earnings Ratio
CSIQ reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 6.94, the valuation of CSIQ can be described as very cheap.
99.07% of the companies in the same industry are more expensive than CSIQ, based on the Price/Forward Earnings ratio.
CSIQ is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CSIQ is valued cheaply inside the industry as 93.52% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.52 |
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.
A more expensive valuation may be justified as CSIQ's earnings are expected to grow with 155.63% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y158.88%
EPS Next 3Y155.63%
5. Dividend
5.1 Amount
CSIQ does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CANADIAN SOLAR INC
NASDAQ:CSIQ (12/20/2024, 8:04:08 PM)
After market: 11.56 +0.06 (+0.52%)11.5
+0.74 (+6.88%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners53.53%
Inst Owner Change10.11%
Ins Owners21.2%
Ins Owner ChangeN/A
Market Cap760.96M
Analysts72.22
Price Target19.13 (66.35%)
Short Float %22.23%
Short Ratio4.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)664.3%
Min EPS beat(2)-62.29%
Max EPS beat(2)1390.88%
EPS beat(4)1
Avg EPS beat(4)269.97%
Min EPS beat(4)-187.15%
Max EPS beat(4)1390.88%
EPS beat(8)5
Avg EPS beat(8)174.12%
EPS beat(12)8
Avg EPS beat(12)147.77%
EPS beat(16)11
Avg EPS beat(16)152.6%
Revenue beat(2)2
Avg Revenue beat(2)1.15%
Min Revenue beat(2)1.08%
Max Revenue beat(2)1.23%
Revenue beat(4)2
Avg Revenue beat(4)-2.42%
Min Revenue beat(4)-10.98%
Max Revenue beat(4)1.23%
Revenue beat(8)3
Avg Revenue beat(8)-3.34%
Revenue beat(12)4
Avg Revenue beat(12)-3.88%
Revenue beat(16)7
Avg Revenue beat(16)-2.58%
PT rev (1m)-7.75%
PT rev (3m)-18.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)37.94%
EPS NY rev (1m)-12.07%
EPS NY rev (3m)-71.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.34%
Revenue NY rev (1m)-11.34%
Revenue NY rev (3m)-45.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.94 | ||
| P/S | 0.12 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.29 | ||
| P/tB | 0.29 | ||
| EV/EBITDA | 6.52 |
EPS(TTM)-0.09
EYN/A
EPS(NY)1.66
Fwd EY14.4%
FCF(TTM)-31.39
FCFYN/A
OCF(TTM)-5.64
OCFYN/A
SpS98.43
BVpS40.15
TBVpS39.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.3% | ||
| ROE | 1.38% | ||
| ROCE | 2.75% | ||
| ROIC | 2.03% | ||
| ROICexc | 2.61% | ||
| ROICexgc | 2.62% | ||
| OM | 2.77% | ||
| PM (TTM) | 0.56% | ||
| GM | 16.22% | ||
| 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 Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.67 | ||
| Cap/Depr | 555.03% | ||
| Cap/Sales | 26.17% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 0.83 |
F-Score1
WACC4.24%
ROIC/WACC0.48
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)-101.8%
EPS 3Y-26.43%
EPS 5Y-30.77%
EPS Q2Q%-196.87%
EPS Next Y267.99%
EPS Next 2Y158.88%
EPS Next 3Y155.63%
EPS Next 5Y81.59%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-18.34%
Revenue Next Year22.66%
Revenue Next 2Y18.19%
Revenue Next 3Y22.22%
Revenue Next 5Y13.59%
EBIT growth 1Y-69.65%
EBIT growth 3Y23.71%
EBIT growth 5Y0.24%
EBIT Next Year42.92%
EBIT Next 3Y34.74%
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%