268.25 USD
-1.44 (-0.53%)
268.25 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to FSLR. FSLR was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. FSLR has an excellent profitability rating, but there are some minor concerns on its financial health. An interesting combination arises when we look at growth and value: FSLR is growing strongly while it also seems undervalued. These ratings would make FSLR suitable for value and growth 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.
Of the past 5 years FSLR 4 years were profitable.
Each year in the past 5 years FSLR had a positive operating cash flow.
1.2 Ratios
FSLR has a better Return On Assets (10.41%) than 79.65% of its industry peers.
Looking at the Return On Equity, with a value of 15.53%, FSLR is in the better half of the industry, outperforming 78.76% of the companies in the same industry.
With an excellent Return On Invested Capital value of 11.26%, FSLR belongs to the best of the industry, outperforming 84.07% 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
With an excellent Profit Margin value of 27.73%, FSLR belongs to the best of the industry, outperforming 84.96% of the companies in the same industry.
In the last couple of years the Profit Margin of FSLR has grown nicely.
FSLR has a Operating Margin of 29.81%. This is amongst the best in the industry. FSLR outperforms 89.38% of its industry peers.
FSLR's Operating Margin has improved in the last couple of years.
FSLR has a Gross Margin of 40.05%. This is comparable to the rest of the industry: FSLR outperforms 42.48% of its industry peers.
FSLR's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FSLR is still 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 5.55. This indicates that FSLR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of FSLR (5.55) is comparable to the rest of the industry.
FSLR has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.28, FSLR is doing good in the industry, outperforming 72.57% of the companies in the same industry.
A Debt/Equity ratio of 0.06 indicates that FSLR is not too dependend on debt financing.
The Debt to Equity ratio of FSLR (0.06) is better than 61.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 5.55 |
ROIC/WACC1.05
WACC10.69%
2.3 Liquidity
A Current Ratio of 1.91 indicates that FSLR should not have too much problems paying its short term obligations.
FSLR has a worse Current ratio (1.91) than 75.22% of its industry peers.
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.
Looking at the Quick ratio, with a value of 1.55, FSLR is doing worse than 74.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
FSLR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.05%, which is quite good.
The Earnings Per Share has been growing by 52.90% on average over the past years. This is a very strong growth
Looking at the last year, FSLR shows a very strong growth in Revenue. 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.
Based on estimates for the next years, FSLR will show a quite strong growth in Revenue. The Revenue will grow by 13.24% on average per year.
EPS Next Y19.75%
EPS Next 2Y35.88%
EPS Next 3Y31.82%
EPS Next 5Y25.29%
Revenue Next Year21.88%
Revenue Next 2Y21.5%
Revenue Next 3Y18.93%
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
A Price/Earnings ratio of 20.60 indicates a rather expensive valuation of FSLR.
FSLR's Price/Earnings ratio is rather cheap when compared to the industry. FSLR is cheaper than 87.61% of the companies in the same industry.
FSLR is valuated rather cheaply when we compare the Price/Earnings ratio to 26.84, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.67, which indicates a very decent valuation of FSLR.
FSLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FSLR is cheaper than 97.35% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.40, FSLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.6 | ||
| Fwd PE | 11.67 |
4.2 Price Multiples
84.07% of the companies in the same industry are more expensive than FSLR, based on the Enterprise Value to EBITDA ratio.
67.26% of the companies in the same industry are more expensive than FSLR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.84 | ||
| EV/EBITDA | 13.59 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FSLR may justify a higher PE ratio.
A more expensive valuation may be justified as FSLR's earnings are expected to grow with 31.82% in the coming years.
PEG (NY)1.04
PEG (5Y)0.39
EPS Next 2Y35.88%
EPS Next 3Y31.82%
5. Dividend
5.1 Amount
No dividends for FSLR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
268.25
-1.44 (-0.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners104.73%
Inst Owner Change1.13%
Ins Owners5.3%
Ins Owner Change-0.65%
Market Cap28.79B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target275.38 (2.66%)
Short Float %9.86%
Short Ratio4.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)0.72%
PT rev (3m)23.77%
EPS NQ rev (1m)-0.46%
EPS NQ rev (3m)-9.79%
EPS NY rev (1m)-0.94%
EPS NY rev (3m)-4.64%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)-11.37%
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)-3.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.6 | ||
| Fwd PE | 11.67 | ||
| P/S | 5.7 | ||
| P/FCF | 46.84 | ||
| P/OCF | 17.7 | ||
| P/B | 3.19 | ||
| P/tB | 3.22 | ||
| EV/EBITDA | 13.59 |
EPS(TTM)13.02
EY4.85%
EPS(NY)22.99
Fwd EY8.57%
FCF(TTM)5.73
FCFY2.13%
OCF(TTM)15.15
OCFY5.65%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)1.04
PEG (5Y)0.39
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 | 5.55 |
F-Score5
WACC10.69%
ROIC/WACC1.05
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 Y19.75%
EPS Next 2Y35.88%
EPS Next 3Y31.82%
EPS Next 5Y25.29%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year21.88%
Revenue Next 2Y21.5%
Revenue Next 3Y18.93%
Revenue Next 5Y13.24%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year43.76%
EBIT Next 3Y37.78%
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 6 / 10 to FSLR.
What is the valuation status of FIRST SOLAR INC (FSLR) stock?
ChartMill assigns a valuation rating of 7 / 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 7 / 10.
Can you provide the PE and PB ratios for FSLR stock?
The Price/Earnings (PE) ratio for FIRST SOLAR INC (FSLR) is 20.6 and the Price/Book (PB) ratio is 3.19.