CANADIAN SOLAR INC (CSIQ) Stock Fundamental Analysis

NASDAQ:CSIQ • CA1366351098

16.36 USD
-0.86 (-4.99%)
Last: Mar 3, 2026, 10:56 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

CSIQ gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 115 industry peers in the Semiconductors & Semiconductor Equipment industry. CSIQ may be in some trouble as it scores bad on both profitability and health. CSIQ has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

2

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.
  • Each year in the past 5 years CSIQ has been profitable.
  • 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

  • CSIQ has a Return On Assets of 0.11%. This is comparable to the rest of the industry: CSIQ outperforms 49.57% of its industry peers.
  • Looking at the Return On Equity, with a value of 0.56%, CSIQ is in line with its industry, outperforming 50.43% of the companies in the same 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

  • With a Profit Margin value of 0.27%, CSIQ perfoms like the industry average, outperforming 49.57% 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 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. Health

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.
  • Compared to 5 years ago, CSIQ has more shares outstanding
  • The debt/assets ratio for CSIQ is higher compared to a year ago.
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 worse Altman-Z score (0.62) than 72.17% 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 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 0.62
ROIC/WACCN/A
WACC4.52%
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 Current ratio of 1.07. This is amonst the worse of the industry: CSIQ underperforms 90.43% of its industry peers.
  • A Quick Ratio of 0.86 indicates that CSIQ may have some problems paying its short term obligations.
  • The Quick ratio of CSIQ (0.86) is worse 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

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

4

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.
  • CSIQ shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.37% yearly.
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
  • CSIQ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.23% yearly.
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

  • 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.
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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for CSIQ. In the last year negative earnings were reported.
  • Based on the Price/Forward Earnings ratio of 21.07, the valuation of CSIQ can be described as rather expensive.
  • CSIQ's Price/Forward Earnings ratio is rather cheap when compared to the industry. CSIQ is cheaper than 81.74% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, CSIQ is valued a bit cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 21.07
CSIQ Price Earnings VS Forward Price EarningsCSIQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

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 91.30% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.52
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. Dividend

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

CANADIAN SOLAR INC

NASDAQ:CSIQ (3/3/2026, 10:56:09 AM)

16.36

-0.86 (-4.99%)

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 Cap1.10B
Revenue(TTM)5.90B
Net Income(TTM)16.11M
Analysts51.76
Price Target21.53 (31.6%)
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 21.07
P/S 0.19
P/FCF N/A
P/OCF N/A
P/B 0.38
P/tB 0.39
EV/EBITDA 11.52
EPS(TTM)-2.69
EYN/A
EPS(NY)0.78
Fwd EY4.75%
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
WACC4.52%
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.