237.83 USD
-0.83 (-0.35%)
237.5 USD
-0.33 (-0.14%)
FSLR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals 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 has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! This makes FSLR very considerable 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.
FSLR had positive earnings in 4 of the past 5 years.
In the past 5 years FSLR always reported a positive cash flow from operatings.
1.2 Ratios
FSLR's Return On Assets of 10.41% is fine compared to the rest of the industry. FSLR outperforms 79.65% of its industry peers.
With a decent Return On Equity value of 15.53%, FSLR is doing good in the industry, outperforming 78.76% of the companies in the same industry.
FSLR has a better Return On Invested Capital (11.26%) than 84.07% 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
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.
With an excellent Operating Margin value of 29.81%, FSLR belongs to the best of the industry, outperforming 89.38% of the companies in the same industry.
In the last couple of years the Operating Margin of FSLR has grown nicely.
FSLR has a Gross Margin (40.05%) which is in line with 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.
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 5.11 indicates that FSLR is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 5.11, FSLR perfoms like the industry average, outperforming 58.41% 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.
FSLR's Debt to FCF ratio of 1.28 is fine compared to the rest of the industry. FSLR outperforms 72.57% of its industry peers.
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 61.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 5.11 |
ROIC/WACC1.05
WACC10.73%
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 75.22% 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 74.34% 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.
The Earnings Per Share has been growing by 52.90% on average over the past years. This is a very strong growth
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
The Earnings Per Share is expected to grow by 25.14% on average over the next years. This is a very strong growth
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 Y19.75%
EPS Next 2Y35.88%
EPS Next 3Y31.82%
EPS Next 5Y25.14%
Revenue Next Year21.88%
Revenue Next 2Y21.5%
Revenue Next 3Y18.93%
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.
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 18.27.
92.92% of the companies in the same industry are more expensive than FSLR, based on the Price/Earnings ratio.
FSLR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.35, the valuation of FSLR can be described as reasonable.
Based on the Price/Forward Earnings ratio, FSLR is valued cheaply inside the industry as 98.23% of the companies are valued more expensively.
FSLR is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.27 | ||
| Fwd PE | 10.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FSLR is valued cheaply inside the industry as 89.38% of the companies are valued more expensively.
76.99% 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 | 41.53 | ||
| EV/EBITDA | 11.94 |
4.3 Compensation for Growth
The 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.
FSLR's earnings are expected to grow with 31.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.92
PEG (5Y)0.35
EPS Next 2Y35.88%
EPS Next 3Y31.82%
5. Dividend
5.1 Amount
No dividends for FSLR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
237.83
-0.83 (-0.35%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners104.86%
Inst Owner Change0.39%
Ins Owners5.3%
Ins Owner Change-0.65%
Market Cap25.52B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target275.38 (15.79%)
Short Float %9.61%
Short Ratio4.57
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)23.02%
EPS NQ rev (1m)-0.46%
EPS NQ rev (3m)-10.04%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-4.64%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)-12.15%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-3.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.27 | ||
| Fwd PE | 10.35 | ||
| P/S | 5.05 | ||
| P/FCF | 41.53 | ||
| P/OCF | 15.69 | ||
| P/B | 2.83 | ||
| P/tB | 2.86 | ||
| EV/EBITDA | 11.94 |
EPS(TTM)13.02
EY5.47%
EPS(NY)22.99
Fwd EY9.66%
FCF(TTM)5.73
FCFY2.41%
OCF(TTM)15.15
OCFY6.37%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)0.92
PEG (5Y)0.35
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 | 5.11 |
F-Score5
WACC10.73%
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 5Y25.14%
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 5Y13.3%
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
Can you provide the ChartMill fundamental rating for FIRST SOLAR INC?
ChartMill assigns a fundamental rating of 6 / 10 to FSLR.
What is the valuation status for 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.
What is the financial health of FIRST SOLAR INC (FSLR) stock?
The financial health rating of FIRST SOLAR INC (FSLR) is 5 / 10.
What is the expected EPS growth for FIRST SOLAR INC (FSLR) stock?
The Earnings per Share (EPS) of FIRST SOLAR INC (FSLR) is expected to grow by 19.75% in the next year.