257.61 USD
+0.33 (+0.13%)
257.216 USD
-0.39 (-0.15%)
FSLR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While FSLR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FSLR is growing strongly while it also seems undervalued. This is an interesting combination These ratings would make FSLR suitable for value and growth investing!
1. Profitability
1.1 Basic Checks
In the past year FSLR was profitable.
FSLR had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 10.41%, FSLR belongs to the top of the industry, outperforming 80.36% of the companies in the same industry.
FSLR's Return On Equity of 15.53% is fine compared to the rest of the industry. FSLR outperforms 78.57% of its industry peers.
FSLR has a Return On Invested Capital of 11.26%. This is amongst the best in the industry. FSLR outperforms 83.93% of its industry peers.
| 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 85.71% 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.
FSLR's Gross Margin of 40.05% is in line compared to the rest of the industry. FSLR outperforms 43.75% of its industry peers.
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
FSLR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, FSLR has about the same amount of shares outstanding.
Compared to 5 years ago, FSLR has more shares outstanding
Compared to 1 year ago, FSLR has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.38 indicates that FSLR is not in any danger for bankruptcy at the moment.
FSLR has a Altman-Z score (5.38) which is in line with its industry peers.
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.
FSLR has a better Debt to FCF ratio (1.28) than 72.32% of its industry peers.
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 | 5.38 |
ROIC/WACC1.08
WACC10.43%
2.3 Liquidity
A Current Ratio of 1.91 indicates that FSLR should not have too much problems paying its short term obligations.
FSLR's Current ratio of 1.91 is on the low side compared to the rest of the industry. FSLR is outperformed by 75.89% of its industry peers.
A Quick Ratio of 1.55 indicates that FSLR should not have too much problems paying its short term obligations.
FSLR's Quick ratio of 1.55 is on the low side compared to the rest of the industry. FSLR is outperformed by 74.11% of its industry peers.
| 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.
Measured over the past years, FSLR shows a very strong growth in Earnings Per Share. The EPS has been growing by 52.90% on average per year.
The Revenue has grown by 31.16% in the past year. This is a very strong growth!
Measured over the past years, FSLR shows a small growth in Revenue. The Revenue has been growing by 6.55% on average per year.
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
The Earnings Per Share is expected to grow by 25.29% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 13.24% on average over the next years. This is quite good.
EPS Next Y19.94%
EPS Next 2Y35.92%
EPS Next 3Y32.41%
EPS Next 5Y25.29%
Revenue Next Year22.09%
Revenue Next 2Y21.53%
Revenue Next 3Y18.94%
Revenue Next 5Y13.24%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
FSLR is valuated rather expensively with a Price/Earnings ratio of 19.79.
Compared to the rest of the industry, the Price/Earnings ratio of FSLR indicates a rather cheap valuation: FSLR is cheaper than 89.29% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.49. FSLR is valued slightly cheaper when compared to this.
FSLR is valuated reasonably with a Price/Forward Earnings ratio of 11.20.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FSLR indicates a rather cheap valuation: FSLR is cheaper than 99.11% of the companies listed in the same industry.
FSLR is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 11.2 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSLR is valued cheaply inside the industry as 86.61% of the companies are valued more expensively.
69.64% 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 | 44.98 | ||
| EV/EBITDA | 12.95 |
4.3 Compensation for Growth
FSLR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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 32.41% in the coming years.
PEG (NY)0.99
PEG (5Y)0.37
EPS Next 2Y35.92%
EPS Next 3Y32.41%
5. Dividend
5.1 Amount
No dividends for FSLR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
257.61
+0.33 (+0.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners104.73%
Inst Owner Change1.11%
Ins Owners5.3%
Ins Owner Change-0.65%
Market Cap27.64B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target273.42 (6.14%)
Short Float %9.16%
Short Ratio4.13
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)14.28%
PT rev (3m)23.86%
EPS NQ rev (1m)-0.25%
EPS NQ rev (3m)-9.37%
EPS NY rev (1m)-0.78%
EPS NY rev (3m)-4.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.77%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-3.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.79 | ||
| Fwd PE | 11.2 | ||
| P/S | 5.47 | ||
| P/FCF | 44.98 | ||
| P/OCF | 17 | ||
| P/B | 3.07 | ||
| P/tB | 3.09 | ||
| EV/EBITDA | 12.95 |
EPS(TTM)13.02
EY5.05%
EPS(NY)23
Fwd EY8.93%
FCF(TTM)5.73
FCFY2.22%
OCF(TTM)15.15
OCFY5.88%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)0.99
PEG (5Y)0.37
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 | 5.38 |
F-Score5
WACC10.43%
ROIC/WACC1.08
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 Y19.94%
EPS Next 2Y35.92%
EPS Next 3Y32.41%
EPS Next 5Y25.29%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year22.09%
Revenue Next 2Y21.53%
Revenue Next 3Y18.94%
Revenue Next 5Y13.24%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year43.83%
EBIT Next 3Y37.7%
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 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 7 / 10.
Can you provide the PE and PB ratios for FSLR stock?
The Price/Earnings (PE) ratio for FIRST SOLAR INC (FSLR) is 19.79 and the Price/Book (PB) ratio is 3.07.