262.23 USD
+8.81 (+3.48%)
262.22 USD
-0.01 (0%)
Taking everything into account, FSLR scores 6 out of 10 in our fundamental rating. FSLR was compared to 112 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. With these ratings, FSLR could be worth investigating further 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's Return On Assets of 10.41% is amongst the best of the industry. FSLR outperforms 80.36% of its industry peers.
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
FSLR's Profit Margin of 27.73% is amongst the best of the industry. FSLR outperforms 85.71% of its industry peers.
FSLR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 29.81%, FSLR belongs to the top of the industry, outperforming 90.18% of the companies in the same industry.
In the last couple of years the Operating Margin of FSLR has grown nicely.
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.
FSLR has about the same amout of shares outstanding than it did 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
An Altman-Z score of 5.32 indicates that FSLR is not in any danger for bankruptcy at the moment.
FSLR has a Altman-Z score (5.32) which 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.
FSLR's Debt to FCF ratio of 1.28 is fine compared to the rest of the industry. FSLR outperforms 72.32% of its industry peers.
FSLR has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.06, FSLR is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 5.32 |
ROIC/WACC1.07
WACC10.48%
2.3 Liquidity
A Current Ratio of 1.91 indicates that FSLR should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.91, FSLR is doing worse than 75.89% of the companies in the same industry.
A Quick Ratio of 1.55 indicates that FSLR should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.55, FSLR is doing worse than 74.11% 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.
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.
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
FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.29% yearly.
FSLR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.24% yearly.
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
The Price/Earnings ratio is 20.14, which indicates a rather expensive current valuation of FSLR.
Based on the Price/Earnings ratio, FSLR is valued cheaper than 91.07% of the companies in the same industry.
FSLR is valuated rather cheaply when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
FSLR is valuated reasonably with a Price/Forward Earnings ratio of 11.40.
FSLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FSLR is cheaper than 99.11% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of FSLR to the average of the S&P500 Index (23.80), we can say FSLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.14 | ||
| Fwd PE | 11.4 |
4.2 Price Multiples
FSLR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FSLR is cheaper than 86.61% of the companies in the same industry.
FSLR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FSLR is cheaper than 70.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.79 | ||
| EV/EBITDA | 12.73 |
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 32.41% in the coming years.
PEG (NY)1.01
PEG (5Y)0.38
EPS Next 2Y35.92%
EPS Next 3Y32.41%
5. Dividend
5.1 Amount
FSLR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
262.23
+8.81 (+3.48%)
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 Cap28.14B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target273.42 (4.27%)
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 | 20.14 | ||
| Fwd PE | 11.4 | ||
| P/S | 5.57 | ||
| P/FCF | 45.79 | ||
| P/OCF | 17.3 | ||
| P/B | 3.12 | ||
| P/tB | 3.15 | ||
| EV/EBITDA | 12.73 |
EPS(TTM)13.02
EY4.97%
EPS(NY)23
Fwd EY8.77%
FCF(TTM)5.73
FCFY2.18%
OCF(TTM)15.15
OCFY5.78%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)1.01
PEG (5Y)0.38
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 | 5.32 |
F-Score5
WACC10.48%
ROIC/WACC1.07
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 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 20.14 and the Price/Book (PB) ratio is 3.12.