CANADIAN SOLAR INC (CSIQ) Stock Fundamental Analysis
USA - NASDAQ:CSIQ - CA1366351098 - Common Stock
25 USD
+3.01 (+13.69%)
25.5 USD
+0.5 (+2%)
Taking everything into account, CSIQ scores 2 out of 10 in our fundamental rating. CSIQ was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. CSIQ may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, CSIQ is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CSIQ has reported negative net income.
In the past year CSIQ has reported a negative cash flow from operations.
Each year in the past 5 years CSIQ has been 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
CSIQ has a Return On Assets (-0.05%) which is in line with its industry peers.
CSIQ has a Return On Equity (-0.24%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.05% | ||
| ROE | -0.24% | ||
| ROIC | N/A |
ROA(3y)1.74%
ROA(5y)1.75%
ROE(3y)8.12%
ROE(5y)7.8%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CSIQ's Profit Margin has declined in the last couple of years.
CSIQ has a worse Gross Margin (18.75%) than 82.14% of its industry peers.
In the last couple of years the Gross Margin of CSIQ has declined.
CSIQ does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 18.75% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.67%
PM growth 5Y-35.43%
GM growth 3Y-1.09%
GM growth 5Y-5.77%
2. Health
2.1 Basic Checks
CSIQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CSIQ has more shares outstanding
Compared to 5 years ago, CSIQ has more shares outstanding
The debt/assets ratio for CSIQ is higher compared to a year ago.
2.2 Solvency
CSIQ has an Altman-Z score of 0.65. This is a bad value and indicates that CSIQ is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.65, CSIQ is doing worse than 74.11% of the companies in the same industry.
CSIQ has a Debt/Equity ratio of 1.58. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.58, CSIQ is doing worse than 91.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.65 |
ROIC/WACCN/A
WACC5.27%
2.3 Liquidity
CSIQ has a Current Ratio of 1.09. This is a normal value and indicates that CSIQ is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.09, CSIQ is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
CSIQ has a Quick Ratio of 1.09. This is a bad value and indicates that CSIQ is not financially healthy enough and could expect problems in meeting its short term obligations.
CSIQ has a worse Quick ratio (0.87) than 88.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
CSIQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -624.07%.
The earnings per share for CSIQ have been decreasing by -28.29% on average. This is quite bad
Looking at the last year, CSIQ shows a decrease in Revenue. The Revenue has decreased by -9.11% in the last year.
Measured over the past years, CSIQ shows a quite strong growth in Revenue. The Revenue has been growing by 13.37% on average per year.
EPS 1Y (TTM)-624.07%
EPS 3Y-26.92%
EPS 5Y-28.29%
EPS Q2Q%-260%
Revenue 1Y (TTM)-9.11%
Revenue growth 3Y4.33%
Revenue growth 5Y13.37%
Sales Q2Q%3.57%
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 52.21% on average per year.
The Revenue is expected to grow by 6.23% on average over the next years.
EPS Next Y40.86%
EPS Next 2Y49.32%
EPS Next 3Y47.15%
EPS Next 5Y52.21%
Revenue Next Year-5.22%
Revenue Next 2Y8.11%
Revenue Next 3Y9.58%
Revenue Next 5Y6.23%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for CSIQ. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 75.63, CSIQ can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CSIQ is on the same level as its industry peers.
CSIQ's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 75.63 |
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 86.61% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.93 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as CSIQ's earnings are expected to grow with 47.15% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.32%
EPS Next 3Y47.15%
5. Dividend
5.1 Amount
CSIQ does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
25
+3.01 (+13.69%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners40.48%
Inst Owner Change0.52%
Ins Owners21.18%
Ins Owner ChangeN/A
Market Cap1.67B
Revenue(TTM)5.92B
Net Income(TTM)-6897000
Analysts71.76
Price Target12.27 (-50.92%)
Short Float %20.44%
Short Ratio4.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-50.11%
Min EPS beat(2)-104.86%
Max EPS beat(2)4.63%
EPS beat(4)1
Avg EPS beat(4)-378.47%
Min EPS beat(4)-1389.64%
Max EPS beat(4)4.63%
EPS beat(8)2
Avg EPS beat(8)-54.25%
EPS beat(12)6
Avg EPS beat(12)-10.08%
EPS beat(16)9
Avg EPS beat(16)16.21%
Revenue beat(2)1
Avg Revenue beat(2)-3.86%
Min Revenue beat(2)-14.75%
Max Revenue beat(2)7.03%
Revenue beat(4)1
Avg Revenue beat(4)-6.62%
Min Revenue beat(4)-14.75%
Max Revenue beat(4)7.03%
Revenue beat(8)3
Avg Revenue beat(8)-4.52%
Revenue beat(12)4
Avg Revenue beat(12)-4.43%
Revenue beat(16)5
Avg Revenue beat(16)-4.57%
PT rev (1m)-4.54%
PT rev (3m)-5.87%
EPS NQ rev (1m)-42.34%
EPS NQ rev (3m)-42.57%
EPS NY rev (1m)27.73%
EPS NY rev (3m)-858.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-16.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 75.63 | ||
| P/S | 0.28 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.59 | ||
| P/tB | 0.59 | ||
| EV/EBITDA | 12.93 |
EPS(TTM)-2.83
EYN/A
EPS(NY)0.33
Fwd EY1.32%
FCF(TTM)-30.57
FCFYN/A
OCF(TTM)-3.59
OCFYN/A
SpS88.39
BVpS42.63
TBVpS42.15
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.05% | ||
| ROE | -0.24% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 18.75% | ||
| FCFM | N/A |
ROA(3y)1.74%
ROA(5y)1.75%
ROE(3y)8.12%
ROE(5y)7.8%
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 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-30.67%
PM growth 5Y-35.43%
GM growth 3Y-1.09%
GM growth 5Y-5.77%
F-Score2
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 10.07 | ||
| Cap/Depr | 360.35% | ||
| Cap/Sales | 30.53% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.87 | ||
| Altman-Z | 0.65 |
F-Score2
WACC5.27%
ROIC/WACCN/A
Cap/Depr(3y)379.19%
Cap/Depr(5y)289.93%
Cap/Sales(3y)19.88%
Cap/Sales(5y)15.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-624.07%
EPS 3Y-26.92%
EPS 5Y-28.29%
EPS Q2Q%-260%
EPS Next Y40.86%
EPS Next 2Y49.32%
EPS Next 3Y47.15%
EPS Next 5Y52.21%
Revenue 1Y (TTM)-9.11%
Revenue growth 3Y4.33%
Revenue growth 5Y13.37%
Sales Q2Q%3.57%
Revenue Next Year-5.22%
Revenue Next 2Y8.11%
Revenue Next 3Y9.58%
Revenue Next 5Y6.23%
EBIT growth 1Y-130.04%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year412.66%
EBIT Next 3Y104.12%
EBIT Next 5Y63.1%
FCF growth 1Y-227.73%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-229.32%
OCF growth 3YN/A
OCF growth 5YN/A
CANADIAN SOLAR INC / CSIQ 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 for CSIQ stock?
ChartMill assigns a valuation rating of 2 / 10 to CANADIAN SOLAR INC (CSIQ). This can be considered as Overvalued.
What is the profitability of CSIQ stock?
CANADIAN SOLAR INC (CSIQ) has a profitability rating of 2 / 10.
What is the expected EPS growth for CANADIAN SOLAR INC (CSIQ) stock?
The Earnings per Share (EPS) of CANADIAN SOLAR INC (CSIQ) is expected to grow by 40.86% in the next year.
Can you provide the dividend sustainability for CSIQ stock?
The dividend rating of CANADIAN SOLAR INC (CSIQ) is 0 / 10 and the dividend payout ratio is 0%.