Taking everything into account, CSIQ scores 2 out of 10 in our fundamental rating. CSIQ was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of CSIQ have multiple concerns. CSIQ is valied quite expensively at the moment, while it does show a decent growth rate.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

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.
CSIQ had positive earnings in each of the past 5 years.
In multiple years CSIQ reported negative operating cash flow during the last 5 years.

1.2 Ratios

CSIQ has a Return On Assets of 0.11%. This is comparable to the rest of the industry: CSIQ outperforms 51.33% of its industry peers.
With a Return On Equity value of 0.56%, CSIQ perfoms like the industry average, outperforming 51.33% of the companies in the same industry.

		Industry Rank	Sector 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

1.3 Margins

Looking at the Profit Margin, with a value of 0.27%, CSIQ is in line with its industry, outperforming 51.33% of the companies in the same industry.
CSIQ's Profit Margin has declined in the last couple of years.
CSIQ's Gross Margin of 18.97% is on the low side compared to the rest of the industry. CSIQ is outperformed by 81.42% of its industry peers.
In the last couple of years the Gross Margin of CSIQ has declined.

		Industry Rank	Sector 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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
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.

2.2 Solvency

Based on the Altman-Z score of 0.63, we must say that CSIQ is in the distress zone and has some risk of bankruptcy.
CSIQ's Altman-Z score of 0.63 is on the low side compared to the rest of the industry. CSIQ is outperformed by 74.34% of its industry peers.
A Debt/Equity ratio of 1.60 is on the high side and indicates that CSIQ has dependencies on debt financing.
CSIQ has a worse Debt to Equity ratio (1.60) than 89.38% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.6
Debt/FCF	N/A
Altman-Z	0.63

ROIC/WACCN/A

WACC4.72%

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's Current ratio of 1.07 is on the low side compared to the rest of the industry. CSIQ is outperformed by 90.27% of its industry peers.
A Quick Ratio of 0.86 indicates that CSIQ may have some problems paying its short term obligations.
With a Quick ratio value of 0.86, CSIQ is not doing good in the industry: 89.38% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
Current Ratio	1.07
Quick Ratio	0.86

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

CSIQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27000.00%.
Measured over the past years, CSIQ shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -28.29% on average per year.
The Revenue has decreased by -4.46% in the past year.
The Revenue has been growing by 13.37% on average over the past years. This is quite good.

EPS 1Y (TTM)-27000%

EPS 3Y-26.92%

EPS 5Y-28.29%

EPS Q2Q%66.67%

Revenue 1Y (TTM)-4.46%

Revenue growth 3Y4.33%

Revenue growth 5Y13.37%

Sales Q2Q%-1.34%

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.
Based on estimates for the next years, CSIQ will show a small growth in Revenue. The Revenue will grow by 7.23% on average per year.

EPS Next Y11.59%

EPS Next 2Y62.85%

EPS Next 3Y43.37%

EPS Next 5Y52.21%

Revenue Next Year-6.68%

Revenue Next 2Y10.16%

Revenue Next 3Y11.22%

Revenue Next 5Y7.23%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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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 20.37, CSIQ is valued on the expensive side.
84.07% of the companies in the same industry are more expensive than CSIQ, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 25.57. CSIQ is valued slightly cheaper when compared to this.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	20.37

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CSIQ is valued cheaply inside the industry as 89.38% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	11.78

4.3 Compensation for Growth

CSIQ's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as CSIQ's earnings are expected to grow with 43.37% in the coming years.