273.5 USD
+13.14 (+5.05%)
Taking everything into account, FSLR scores 7 out of 10 in our fundamental rating. FSLR was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making FSLR a very profitable company, without any liquidiy or solvency issues. FSLR is growing strongly while it also seems undervalued. This is an interesting combination These ratings would make FSLR suitable for value and growth and quality investing!
1. Profitability
1.1 Basic Checks
FSLR had positive earnings in the past year.
In the past year FSLR had a positive cash flow from operations.
FSLR had positive earnings in 4 of the past 5 years.
Each year in the past 5 years FSLR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of FSLR (10.41%) is better than 82.14% of its industry peers.
With an excellent Return On Equity value of 15.53%, FSLR belongs to the best of the industry, outperforming 80.36% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 11.26%, FSLR belongs to the top of the industry, outperforming 84.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.41% | ||
| ROE | 15.53% | ||
| ROIC | 11.26% |
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 27.73%, FSLR belongs to the top of the industry, outperforming 88.39% of the companies in the same industry.
FSLR's Profit Margin has improved in the last couple of years.
FSLR has a better Operating Margin (29.81%) than 90.18% of its industry peers.
FSLR's Operating Margin has improved in the last couple of years.
The Gross Margin of FSLR (40.05%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of FSLR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.81% | ||
| PM (TTM) | 27.73% | ||
| GM | 40.05% |
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FSLR is creating some value.
The number of shares outstanding for FSLR remains at a similar level compared to 1 year ago.
FSLR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for FSLR has been reduced compared to a year ago.
2.2 Solvency
FSLR has an Altman-Z score of 5.42. This indicates that FSLR is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 5.42, FSLR is doing good in the industry, outperforming 62.50% of the companies in the same industry.
The Debt to FCF ratio of FSLR is 1.28, which is an excellent value as it means it would take FSLR, only 1.28 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.28, FSLR is in the better half of the industry, outperforming 72.32% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that FSLR is not too dependend on debt financing.
FSLR has a better Debt to Equity ratio (0.06) than 60.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 5.42 |
ROIC/WACC1.06
WACC10.62%
2.3 Liquidity
FSLR has a Current Ratio of 1.91. This is a normal value and indicates that FSLR is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.91, FSLR is doing worse than 74.11% of the companies in the same industry.
FSLR has a Quick Ratio of 1.55. This is a normal value and indicates that FSLR is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of FSLR (1.55) is worse than 72.32% of its industry peers.
FSLR does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.05% over the past year.
FSLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 52.90% yearly.
FSLR shows a strong growth in Revenue. In the last year, the Revenue has grown by 31.16%.
The Revenue has been growing slightly by 6.55% on average over the past years.
EPS 1Y (TTM)8.05%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%26.57%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
3.2 Future
Based on estimates for the next years, FSLR will show a very strong growth in Earnings Per Share. The EPS will grow by 25.29% on average per year.
The Revenue is expected to grow by 13.24% on average over the next years. This is quite good.
EPS Next Y20.89%
EPS Next 2Y36.43%
EPS Next 3Y32.59%
EPS Next 5Y25.29%
Revenue Next Year23.08%
Revenue Next 2Y21.26%
Revenue Next 3Y18.94%
Revenue Next 5Y13.24%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.01, the valuation of FSLR can be described as rather expensive.
FSLR's Price/Earnings ratio is rather cheap when compared to the industry. FSLR is cheaper than 85.71% of the companies in the same industry.
FSLR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.98.
A Price/Forward Earnings ratio of 11.80 indicates a reasonable valuation of FSLR.
FSLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FSLR is cheaper than 98.21% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FSLR to the average of the S&P500 Index (35.79), we can say FSLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.01 | ||
| Fwd PE | 11.8 |
4.2 Price Multiples
FSLR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FSLR is cheaper than 83.04% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSLR indicates a somewhat cheap valuation: FSLR is cheaper than 66.96% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.76 | ||
| EV/EBITDA | 13.1 |
4.3 Compensation for Growth
FSLR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of FSLR may justify a higher PE ratio.
FSLR's earnings are expected to grow with 32.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
PEG (5Y)0.4
EPS Next 2Y36.43%
EPS Next 3Y32.59%
5. Dividend
5.1 Amount
No dividends for FSLR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:FSLR (11/26/2025, 3:34:00 PM)
273.5
+13.14 (+5.05%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners106.4%
Inst Owner Change1.1%
Ins Owners5.34%
Ins Owner Change-0.78%
Market Cap29.35B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts81.28
Price Target273.42 (-0.03%)
Short Float %8.39%
Short Ratio3.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.64%
Min EPS beat(2)-2.26%
Max EPS beat(2)17.54%
EPS beat(4)1
Avg EPS beat(4)-8%
Min EPS beat(4)-23.86%
Max EPS beat(4)17.54%
EPS beat(8)5
Avg EPS beat(8)0.2%
EPS beat(12)8
Avg EPS beat(12)6.46%
EPS beat(16)10
Avg EPS beat(16)-20.46%
Revenue beat(2)2
Avg Revenue beat(2)2.29%
Min Revenue beat(2)0.18%
Max Revenue beat(2)4.39%
Revenue beat(4)3
Avg Revenue beat(4)1.11%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)4.39%
Revenue beat(8)5
Avg Revenue beat(8)-1.53%
Revenue beat(12)6
Avg Revenue beat(12)-3.33%
Revenue beat(16)7
Avg Revenue beat(16)-6.2%
PT rev (1m)22.15%
PT rev (3m)28.12%
EPS NQ rev (1m)-7.91%
EPS NQ rev (3m)-9.41%
EPS NY rev (1m)-3.04%
EPS NY rev (3m)-1.57%
Revenue NQ rev (1m)-11.4%
Revenue NQ rev (3m)-12.22%
Revenue NY rev (1m)-2.21%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.01 | ||
| Fwd PE | 11.8 | ||
| P/S | 5.81 | ||
| P/FCF | 47.76 | ||
| P/OCF | 18.05 | ||
| P/B | 3.26 | ||
| P/tB | 3.29 | ||
| EV/EBITDA | 13.1 |
EPS(TTM)13.02
EY4.76%
EPS(NY)23.17
Fwd EY8.47%
FCF(TTM)5.73
FCFY2.09%
OCF(TTM)15.15
OCFY5.54%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)1.01
PEG (5Y)0.4
Graham Number156.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.41% | ||
| ROE | 15.53% | ||
| ROCE | 14.52% | ||
| ROIC | 11.26% | ||
| ROICexc | 13.96% | ||
| ROICexgc | 14.09% | ||
| OM | 29.81% | ||
| PM (TTM) | 27.73% | ||
| GM | 40.05% | ||
| FCFM | 12.17% |
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
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 3Y23.05%
ROICexgc growth 5Y27.37%
ROICexc growth 3Y23.15%
ROICexc growth 5Y27.62%
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
F-Score5
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Debt/EBITDA | 0.25 | ||
| Cap/Depr | 197.21% | ||
| Cap/Sales | 20.03% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.56% | ||
| Profit Quality | 43.88% | ||
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.55 | ||
| Altman-Z | 5.42 |
F-Score5
WACC10.62%
ROIC/WACC1.06
Cap/Depr(3y)381.88%
Cap/Depr(5y)306.48%
Cap/Sales(3y)37.52%
Cap/Sales(5y)29.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.05%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%26.57%
EPS Next Y20.89%
EPS Next 2Y36.43%
EPS Next 3Y32.59%
EPS Next 5Y25.29%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year23.08%
Revenue Next 2Y21.26%
Revenue Next 3Y18.94%
Revenue Next 5Y13.24%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year50.42%
EBIT Next 3Y37.57%
EBIT Next 5Y26.95%
FCF growth 1Y215.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y94.43%
OCF growth 3Y72.43%
OCF growth 5Y47.54%
FIRST SOLAR INC / FSLR FAQ
What is the fundamental rating for FSLR stock?
ChartMill assigns a fundamental rating of 7 / 10 to FSLR.
What is the valuation status of FIRST SOLAR INC (FSLR) stock?
ChartMill assigns a valuation rating of 8 / 10 to FIRST SOLAR INC (FSLR). This can be considered as Undervalued.
Can you provide the profitability details for FIRST SOLAR INC?
FIRST SOLAR INC (FSLR) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for FSLR stock?
The Price/Earnings (PE) ratio for FIRST SOLAR INC (FSLR) is 21.01 and the Price/Book (PB) ratio is 3.26.