283.91 USD
+16.93 (+6.34%)
Overall FSLR gets a fundamental rating of 6 out of 10. We evaluated FSLR against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. While FSLR has a great profitability rating, there are some minor concerns on its financial health. FSLR is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make FSLR a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
FSLR had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 10.41%, FSLR is in the better half of the industry, outperforming 79.65% of the companies in the same industry.
The Return On Equity of FSLR (15.53%) is better than 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
FSLR's Profit Margin of 27.73% is amongst the best of the industry. FSLR outperforms 84.96% of its industry peers.
In the last couple of years the Profit Margin of FSLR has grown nicely.
FSLR's Operating Margin of 29.81% is amongst the best of 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 (40.05%) which is in line with 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%
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.
The number of shares outstanding for FSLR has been increased compared to 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 5.52 indicates that FSLR is not in any danger for bankruptcy at the moment.
FSLR has a Altman-Z score (5.52) 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'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.
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 61.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 5.52 |
ROIC/WACC1.06
WACC10.66%
2.3 Liquidity
FSLR has a Current Ratio of 1.91. This is a normal value and indicates that FSLR is financially healthy and should not expect problems in meeting 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.
FSLR has a worse Quick ratio (1.55) than 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.
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
FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.29% yearly.
Based on estimates for the next years, FSLR will show a quite strong growth in Revenue. The Revenue will grow by 13.24% on average per year.
EPS Next Y19.75%
EPS Next 2Y35.88%
EPS Next 3Y31.82%
EPS Next 5Y25.29%
Revenue Next Year21.88%
Revenue Next 2Y21.5%
Revenue Next 3Y18.93%
Revenue Next 5Y13.24%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 21.81.
Based on the Price/Earnings ratio, FSLR is valued cheaper than 88.50% of the companies in the same industry.
FSLR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.39.
With a Price/Forward Earnings ratio of 12.35, FSLR is valued correctly.
97.35% of the companies in the same industry are more expensive than FSLR, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.84, FSLR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.81 | ||
| Fwd PE | 12.35 |
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 83.19% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSLR indicates a somewhat cheap valuation: FSLR is cheaper than 66.37% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.58 | ||
| EV/EBITDA | 13.45 |
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.
FSLR's earnings are expected to grow with 31.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.1
PEG (5Y)0.41
EPS Next 2Y35.88%
EPS Next 3Y31.82%
5. Dividend
5.1 Amount
FSLR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NASDAQ:FSLR (12/22/2025, 2:48:55 PM)
283.91
+16.93 (+6.34%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners104.73%
Inst Owner Change1.13%
Ins Owners5.3%
Ins Owner Change-0.65%
Market Cap30.47B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target275.38 (-3%)
Short Float %9.86%
Short Ratio4.61
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)15.1%
PT rev (3m)23.77%
EPS NQ rev (1m)-0.46%
EPS NQ rev (3m)-9.79%
EPS NY rev (1m)-0.94%
EPS NY rev (3m)-4.64%
Revenue NQ rev (1m)-0.68%
Revenue NQ rev (3m)-11.37%
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)-3.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.81 | ||
| Fwd PE | 12.35 | ||
| P/S | 6.03 | ||
| P/FCF | 49.58 | ||
| P/OCF | 18.73 | ||
| P/B | 3.38 | ||
| P/tB | 3.41 | ||
| EV/EBITDA | 13.45 |
EPS(TTM)13.02
EY4.59%
EPS(NY)22.99
Fwd EY8.1%
FCF(TTM)5.73
FCFY2.02%
OCF(TTM)15.15
OCFY5.34%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)1.1
PEG (5Y)0.41
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 | 5.52 |
F-Score5
WACC10.66%
ROIC/WACC1.06
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 5Y25.29%
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 5Y13.24%
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 21.81 and the Price/Book (PB) ratio is 3.38.