CANADIAN SOLAR INC (CSIQ) Fundamental Analysis & Valuation

NASDAQ:CSIQ • CA1366351098

16.98 USD
+0.32 (+1.92%)
Last: Mar 4, 2026, 01:50 PM
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This CSIQ fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to CSIQ. CSIQ was compared to 115 industry peers in the Semiconductors & Semiconductor Equipment industry. CSIQ has a bad profitability rating. Also its financial health evaluation is rather negative. CSIQ is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. CSIQ Profitability Analysis

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.
  • 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 0 -1B -2B

1.2 Ratios

  • The Return On Assets of CSIQ (0.11%) is comparable to the rest of the industry.
  • CSIQ has a Return On Equity (0.56%) which is comparable to the rest of the industry.
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

  • The Profit Margin of CSIQ (0.27%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of CSIQ has declined.
  • CSIQ has a worse Gross Margin (18.97%) than 80.00% 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

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.
  • The number of shares outstanding for CSIQ has been increased compared to 1 year ago.
  • CSIQ has more shares outstanding than it did 5 years ago.
  • CSIQ has a worse debt/assets ratio than last year.
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

  • CSIQ has an Altman-Z score of 0.62. 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 0.62. This is in the lower half of the industry: CSIQ underperforms 72.17% of its industry peers.
  • CSIQ has a Debt/Equity ratio of 1.60. This is a high value indicating a heavy dependency on external financing.
  • CSIQ's Debt to Equity ratio of 1.60 is on the low side compared to the rest of the industry. CSIQ is outperformed by 91.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF N/A
Altman-Z 0.62
ROIC/WACCN/A
WACC4.45%
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

  • A Current Ratio of 1.07 indicates that CSIQ should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.07, CSIQ is doing worse than 90.43% of the companies in the same industry.
  • 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.
  • Looking at the Quick ratio, with a value of 0.86, CSIQ is doing worse than 88.70% of the companies in the same industry.
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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. CSIQ Growth Analysis

3.1 Past

  • The earnings per share for CSIQ have decreased strongly by -27000.00% 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 -28.29% on average per year.
  • CSIQ shows a decrease in Revenue. In the last year, the revenue decreased by -4.46%.
  • 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)-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

  • The Earnings Per Share is expected to grow by 52.21% on average over the next years. This is a very strong growth
  • 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 Y15.17%
EPS Next 2Y59.35%
EPS Next 3Y43.71%
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.
  • 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 4 6 8

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3

4. CSIQ Valuation Analysis

4.1 Price/Earnings Ratio

  • CSIQ reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 21.87, which indicates a rather expensive current valuation of CSIQ.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CSIQ indicates a rather cheap valuation: CSIQ is cheaper than 82.61% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of CSIQ to the average of the S&P500 Index (24.95), we can say CSIQ is valued inline with the index average.
Industry RankSector Rank
PE N/A
Fwd PE 21.87
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

  • 90.43% of the companies in the same industry are more expensive than CSIQ, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.44
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CSIQ's earnings are expected to grow with 43.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y59.35%
EPS Next 3Y43.71%

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

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CSIQ Fundamentals: All Metrics, Ratios and Statistics

CANADIAN SOLAR INC

NASDAQ:CSIQ (3/4/2026, 1:50:35 PM)

16.98

+0.32 (+1.92%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-13
Earnings (Next)03-19
Inst Owners40.01%
Inst Owner Change5.6%
Ins Owners21.18%
Ins Owner ChangeN/A
Market Cap1.14B
Revenue(TTM)5.90B
Net Income(TTM)16.11M
Analysts51.76
Price Target21.53 (26.8%)
Short Float %27.09%
Short Ratio3.82
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)31.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.51%
EPS NY rev (1m)4.05%
EPS NY rev (3m)-25.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.48%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 21.87
P/S 0.19
P/FCF N/A
P/OCF N/A
P/B 0.4
P/tB 0.4
EV/EBITDA 11.44
EPS(TTM)-2.69
EYN/A
EPS(NY)0.78
Fwd EY4.57%
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 0.62
F-Score5
WACC4.45%
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)-27000%
EPS 3Y-26.92%
EPS 5Y-28.29%
EPS Q2Q%66.67%
EPS Next Y15.17%
EPS Next 2Y59.35%
EPS Next 3Y43.71%
EPS Next 5Y52.21%
Revenue 1Y (TTM)-4.46%
Revenue growth 3Y4.33%
Revenue growth 5Y13.37%
Sales Q2Q%-1.34%
Revenue Next Year-6.68%
Revenue Next 2Y10.16%
Revenue Next 3Y11.22%
Revenue Next 5Y7.23%
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 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 3 / 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.


How financially healthy is CANADIAN SOLAR INC?

The financial health rating of CANADIAN SOLAR INC (CSIQ) is 0 / 10.