CANADIAN SOLAR INC (CSIQ) Fundamental Analysis & Valuation

NASDAQ:CSIQ • CA1366351098

Current stock price

14.26 USD
+0.73 (+5.4%)
At close:
14.23 USD
-0.03 (-0.21%)
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

  • 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.
  • 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 0 -1B -2B

1.2 Ratios

  • With a Return On Assets value of 0.11%, CSIQ perfoms like the industry average, outperforming 50.43% of the companies in the same industry.
  • CSIQ has a Return On Equity (0.56%) which is in line with its industry peers.
Industry RankSector Rank
ROA 0.11%
ROE 0.56%
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
CSIQ Yearly ROA, ROE, ROICCSIQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 0.27%, CSIQ is in line with its industry, outperforming 50.43% of the companies in the same industry.
  • CSIQ's Profit Margin has declined in the last couple of years.
  • CSIQ has a worse Gross Margin (18.97%) than 79.13% of its industry peers.
  • In the last couple of years the Gross Margin of CSIQ has declined.
Industry RankSector Rank
OM N/A
PM (TTM) 0.27%
GM 18.97%
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%
CSIQ Yearly Profit, Operating, Gross MarginsCSIQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. CSIQ Health Analysis

2.1 Basic Checks

  • CSIQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • CSIQ has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CSIQ Yearly Shares OutstandingCSIQ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.61, we must say that CSIQ is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.61, CSIQ is doing worse than 75.65% of the companies in the same industry.
  • CSIQ has a Debt/Equity ratio of 1.60. This is a high value indicating a heavy dependency on external financing.
  • CSIQ has a Debt to Equity ratio of 1.60. This is amonst the worse of the industry: CSIQ underperforms 91.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF N/A
Altman-Z 0.61
ROIC/WACCN/A
WACC4.18%
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 0 1B -1B 2B -2B 3B

2.3 Liquidity

  • CSIQ has a Current Ratio of 1.07. This is a normal value and indicates that CSIQ is financially healthy and should not expect problems in meeting its short term obligations.
  • CSIQ has a worse Current ratio (1.07) than 90.43% of its industry peers.
  • CSIQ has a Quick Ratio of 1.07. 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 (0.86) than 88.70% of its industry peers.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.86
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 2B 4B 6B

More info and screens

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 -100.00%.
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.93%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-19.99%

3.2 Future

  • The Earnings Per Share is expected to grow by 36.51% on average over the next years. This is a very strong growth
  • CSIQ is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.74% yearly.
EPS Next Y126.95%
EPS Next 2Y57.6%
EPS Next 3Y69.65%
EPS Next 5Y36.51%
Revenue Next Year31.03%
Revenue Next 2Y21.54%
Revenue Next 3Y13.01%
Revenue Next 5Y9.74%

3.3 Evolution

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

More info and screens

Find the best growth stocksShow best growing peers

4

4. CSIQ Valuation Analysis

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 18.37, the valuation of CSIQ can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, CSIQ is valued cheaply inside the industry as 87.83% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.28. CSIQ is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 18.37
CSIQ Price Earnings VS Forward Price EarningsCSIQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CSIQ is valued cheaply inside the industry as 91.30% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.01
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

  • CSIQ's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CSIQ's earnings are expected to grow with 69.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y57.6%
EPS Next 3Y69.65%

More info and screens

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%

More info and screens

Find the best dividend stocksShow peers with best dividend

CSIQ Fundamentals: All Metrics, Ratios and Statistics

CANADIAN SOLAR INC

NASDAQ:CSIQ (3/20/2026, 8:00:01 PM)

After market: 14.23 -0.03 (-0.21%)

14.26

+0.73 (+5.4%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-19
Earnings (Next)N/A
Inst Owners41.81%
Inst Owner Change5.64%
Ins Owners21.18%
Ins Owner ChangeN/A
Market Cap954.99M
Revenue(TTM)N/A
Net Income(TTM)16.11M
Analysts51.76
Price Target21.53 (50.98%)
Short Float %27.58%
Short Ratio4.43
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)-9.47%
Min EPS beat(2)-104.86%
Max EPS beat(2)85.92%
EPS beat(4)2
Avg EPS beat(4)-350.99%
Min EPS beat(4)-1389.64%
Max EPS beat(4)85.92%
EPS beat(8)3
Avg EPS beat(8)-35.82%
EPS beat(12)6
Avg EPS beat(12)-13.19%
EPS beat(16)9
Avg EPS beat(16)13.65%
Revenue beat(2)1
Avg Revenue beat(2)-4.03%
Min Revenue beat(2)-14.75%
Max Revenue beat(2)6.7%
Revenue beat(4)2
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-14.75%
Max Revenue beat(4)7.03%
Revenue beat(8)4
Avg Revenue beat(8)-2.31%
Revenue beat(12)5
Avg Revenue beat(12)-3.16%
Revenue beat(16)6
Avg Revenue beat(16)-3.56%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.88%
EPS NY rev (1m)0%
EPS NY rev (3m)-43.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 18.37
P/S 0.16
P/FCF N/A
P/OCF N/A
P/B 0.33
P/tB 0.34
EV/EBITDA 11.01
EPS(TTM)-2.88
EYN/A
EPS(NY)0.78
Fwd EY5.44%
FCF(TTM)-25.95
FCFYN/A
OCF(TTM)-1.81
OCFYN/A
SpS88.09
BVpS42.83
TBVpS42.35
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.11%
ROE 0.56%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 0.27%
GM 18.97%
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-Score5
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF N/A
Debt/EBITDA 9.55
Cap/Depr 322.43%
Cap/Sales 27.41%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.07
Quick Ratio 0.86
Altman-Z 0.61
F-Score5
WACC4.18%
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)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-12.93%
EPS Next Y126.95%
EPS Next 2Y57.6%
EPS Next 3Y69.65%
EPS Next 5Y36.51%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-19.99%
Revenue Next Year31.03%
Revenue Next 2Y21.54%
Revenue Next 3Y13.01%
Revenue Next 5Y9.74%
EBIT growth 1Y-120.37%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year446.08%
EBIT Next 3Y105.88%
EBIT Next 5Y64.05%
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 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 4 / 10 to CANADIAN SOLAR INC (CSIQ). This can be considered as Fairly Valued.


What is the profitability of CSIQ stock?

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


How financially healthy is CANADIAN SOLAR INC?

The financial health rating of CANADIAN SOLAR INC (CSIQ) is 1 / 10.