CANADIAN SOLAR INC (CSIQ) Fundamental Analysis & Valuation

NASDAQ:CSIQ • CA1366351098

Current stock price

18.41 USD
+0.38 (+2.11%)
At close:
18.2507 USD
-0.16 (-0.87%)
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.
  • CSIQ had a negative operating cash flow in the past year.
  • In the past 5 years CSIQ has always been profitable.
  • 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

  • CSIQ has a Return On Assets of 0.11%. This is comparable to the rest of the industry: CSIQ outperforms 50.43% of its industry peers.
  • CSIQ's Return On Equity of 0.56% is in line compared to the rest of the industry. CSIQ outperforms 51.30% of 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.
  • In the last couple of years the Profit Margin of CSIQ has declined.
  • 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

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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.
  • 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.
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 0.62, we must say that CSIQ is in the distress zone and 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 74.78% 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 91.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF N/A
Altman-Z 0.62
ROIC/WACCN/A
WACC4.65%
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.
  • With a Current ratio value of 1.07, CSIQ is not doing good in the industry: 90.43% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.86 indicates that CSIQ may have some problems paying 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

  • CSIQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27000.00%.
  • 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 -4.46% 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)-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.
  • 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

  • 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

  • The Price/Earnings Ratio is negative for CSIQ. In the last year negative earnings were reported.
  • CSIQ is valuated rather expensively with a Price/Forward Earnings ratio of 23.72.
  • Based on the Price/Forward Earnings ratio, CSIQ is valued a bit cheaper than 77.39% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, CSIQ is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 23.72
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

  • CSIQ's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CSIQ is cheaper than 89.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.63
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

  • The 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 43.71% in the coming years.
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%

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Find the best dividend stocksShow peers with best dividend

CSIQ Fundamentals: All Metrics, Ratios and Statistics

CANADIAN SOLAR INC

NASDAQ:CSIQ (3/13/2026, 8:18:49 PM)

After market: 18.2507 -0.16 (-0.87%)

18.41

+0.38 (+2.11%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-13
Earnings (Next)03-19
Inst Owners41.81%
Inst Owner Change5.64%
Ins Owners21.18%
Ins Owner ChangeN/A
Market Cap1.23B
Revenue(TTM)5.90B
Net Income(TTM)16.11M
Analysts51.76
Price Target21.53 (16.95%)
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)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 23.72
P/S 0.21
P/FCF N/A
P/OCF N/A
P/B 0.43
P/tB 0.43
EV/EBITDA 11.63
EPS(TTM)-2.69
EYN/A
EPS(NY)0.78
Fwd EY4.22%
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
WACC4.65%
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 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 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.