Overall FSLR gets a fundamental rating of 6 out of 10. We evaluated FSLR against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. FSLR scores excellent on profitability, but there are some minor concerns on its financial health. FSLR is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, FSLR could be worth investigating further for value and growth investing!.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year FSLR was profitable.
FSLR had a positive operating cash flow in the past year.
Of the past 5 years FSLR 4 years were profitable.
In the past 5 years FSLR always reported a positive cash flow from operatings.

1.2 Ratios

FSLR has a Return On Assets of 10.41%. This is in the better half of the industry: FSLR outperforms 79.65% of its industry peers.
FSLR has a Return On Equity of 15.53%. This is in the better half of the industry: FSLR outperforms 78.76% of its industry peers.
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

The Profit Margin of FSLR (27.73%) is better than 84.96% of its industry peers.
FSLR's Profit Margin has improved in the last couple of years.
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%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

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.
FSLR has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FSLR has more shares outstanding
FSLR has a better debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 4.89 indicates that FSLR is not in any danger for bankruptcy at the moment.
FSLR has a Altman-Z score (4.89) which is in line with its industry peers.
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.
FSLR has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
FSLR has a better Debt to Equity ratio (0.06) than 61.95% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.06
Debt/FCF	1.28
Altman-Z	4.89

ROIC/WACC1.03

WACC10.91%

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 76.11% 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 has a Quick ratio of 1.55. This is in the lower half of the industry: FSLR underperforms 75.22% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.91
Quick Ratio	1.55

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

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%.
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

FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.14% yearly.
FSLR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.30% yearly.

EPS Next Y19.73%

EPS Next 2Y35.69%

EPS Next 3Y32.43%

EPS Next 5Y25.14%

Revenue Next Year21.79%

Revenue Next 2Y21.13%

Revenue Next 3Y18.71%

Revenue Next 5Y13.3%

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.
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.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 17.32, which indicates a rather expensive current valuation of FSLR.
Compared to the rest of the industry, the Price/Earnings ratio of FSLR indicates a rather cheap valuation: FSLR is cheaper than 93.81% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.30. FSLR is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 9.84, which indicates a very decent valuation of FSLR.
Based on the Price/Forward Earnings ratio, FSLR is valued cheaper than 98.23% of the companies in the same industry.
FSLR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.57.

		Industry Rank	Sector Rank
PE	17.32
Fwd PE	9.84

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FSLR is valued cheaper than 92.04% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FSLR is valued a bit cheaper than the industry average as 79.65% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	39.38
EV/EBITDA	11.17

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.
FSLR has a very decent profitability rating, which may justify a higher PE ratio.
FSLR's earnings are expected to grow with 32.43% in the coming years. This may justify a more expensive valuation.