243.73 USD
+0.09 (+0.04%)
243.97 USD
+0.24 (+0.1%)
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 scores excellent on profitability, 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.
- In the past 5 years FSLR always reported a positive cash flow from operatings.
1.2 Ratios
- With a decent Return On Assets value of 10.41%, FSLR is doing good in the industry, outperforming 79.65% of the companies in the same industry.
- 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.
- The Return On Invested Capital of FSLR (11.26%) is better 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
- FSLR has a Profit Margin of 27.73%. This is amongst the best in the industry. FSLR outperforms 84.96% of its industry peers.
- In the last couple of years the Profit Margin of FSLR has grown nicely.
- 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.
- FSLR's Operating Margin has improved in the last couple of years.
- FSLR has a Gross Margin (40.05%) which is comparable to the rest of the industry.
- 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FSLR is 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.
- FSLR has a better debt/assets ratio than last year.
2.2 Solvency
- FSLR has an Altman-Z score of 5.18. This indicates that FSLR is financially healthy and has little risk of bankruptcy at the moment.
- With a Altman-Z score value of 5.18, 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 has a Debt to FCF ratio of 1.28. This is in the better half 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.
- With a decent Debt to Equity ratio value of 0.06, FSLR is doing good in the industry, outperforming 61.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 5.18 |
ROIC/WACC1.05
WACC10.77%
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
- The Earnings Per Share has grown by an nice 8.05% over the past year.
- 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
- FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.14% yearly.
- The Revenue is expected to grow by 13.30% on average over the next years. This is quite good.
EPS Next Y19.73%
EPS Next 2Y35.69%
EPS Next 3Y32.43%
EPS Next 5Y25.14%
Revenue Next Year21.88%
Revenue Next 2Y21.26%
Revenue Next 3Y18.79%
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
- With a Price/Earnings ratio of 18.72, FSLR is valued on the expensive side.
- FSLR's Price/Earnings ratio is rather cheap when compared to the industry. FSLR is cheaper than 92.92% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.38, FSLR is valued a bit cheaper.
- A Price/Forward Earnings ratio of 10.63 indicates a reasonable valuation of FSLR.
- 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's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.72 | ||
| Fwd PE | 10.63 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FSLR indicates a rather cheap valuation: FSLR is cheaper than 88.50% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, FSLR is valued a bit cheaper than the industry average as 76.99% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.56 | ||
| EV/EBITDA | 12.21 |
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.
- 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.
PEG (NY)0.95
PEG (5Y)0.35
EPS Next 2Y35.69%
EPS Next 3Y32.43%
5. Dividend
5.1 Amount
- FSLR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
243.73
+0.09 (+0.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-30 2025-10-30/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners104.86%
Inst Owner Change0.42%
Ins Owners5.3%
Ins Owner Change-0.65%
Market Cap26.15B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target284.51 (16.73%)
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)4.06%
PT rev (3m)27.11%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-10.39%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-4.65%
Revenue NQ rev (1m)-0.44%
Revenue NQ rev (3m)-12.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.72 | ||
| Fwd PE | 10.63 | ||
| P/S | 5.18 | ||
| P/FCF | 42.56 | ||
| P/OCF | 16.08 | ||
| P/B | 2.9 | ||
| P/tB | 2.93 | ||
| EV/EBITDA | 12.21 |
EPS(TTM)13.02
EY5.34%
EPS(NY)22.92
Fwd EY9.4%
FCF(TTM)5.73
FCFY2.35%
OCF(TTM)15.15
OCFY6.22%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)0.95
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 | 5.18 |
F-Score5
WACC10.77%
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 Y19.73%
EPS Next 2Y35.69%
EPS Next 3Y32.43%
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 2Y21.26%
Revenue Next 3Y18.79%
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 19.73% in the next year.