FIRST SOLAR INC (FSLR) Stock Fundamental Analysis

NASDAQ:FSLR • US3364331070

220.45 USD
-7.29 (-3.2%)
At close: Feb 12, 2026
220.45 USD
0 (0%)
After Hours: 2/12/2026, 4:49:50 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, FSLR scores 6 out of 10 in our fundamental rating. FSLR was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. While FSLR belongs to the best of the industry regarding profitability, 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. This makes FSLR very considerable for value and growth investing!


Dividend Valuation Growth Profitability Health

7

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.
  • FSLR had a positive operating cash flow in each of the past 5 years.
FSLR Yearly Net Income VS EBIT VS OCF VS FCFFSLR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.41%, FSLR belongs to the top of the industry, outperforming 80.53% 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 RankSector 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
FSLR Yearly ROA, ROE, ROICFSLR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • FSLR has a better Profit Margin (27.73%) than 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 of 40.05%. This is comparable to the rest of the industry: FSLR outperforms 42.48% of its industry peers.
  • In the last couple of years the Gross Margin of FSLR has grown nicely.
Industry RankSector 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%
FSLR Yearly Profit, Operating, Gross MarginsFSLR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

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.
  • Compared to 1 year ago, FSLR has about the same amount of shares outstanding.
  • The number of shares outstanding for FSLR has been increased compared to 5 years ago.
  • FSLR has a better debt/assets ratio than last year.
FSLR Yearly Shares OutstandingFSLR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
FSLR Yearly Total Debt VS Total AssetsFSLR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 4.95 indicates that FSLR is not in any danger for bankruptcy at the moment.
  • FSLR has a Altman-Z score (4.95) 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 has a Debt to FCF ratio of 1.28. This is in the better half of the industry: FSLR outperforms 70.80% 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.
  • The Debt to Equity ratio of FSLR (0.06) is better than 61.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.28
Altman-Z 4.95
ROIC/WACC1.03
WACC10.95%
FSLR Yearly LT Debt VS Equity VS FCFFSLR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

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.
  • Looking at the Current ratio, with a value of 1.91, FSLR is doing worse than 76.11% 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.
  • FSLR has a Quick ratio of 1.55. This is in the lower half of the industry: FSLR underperforms 73.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.91
Quick Ratio 1.55
FSLR Yearly Current Assets VS Current LiabilitesFSLR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

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.
  • FSLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 52.90% yearly.
  • 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

  • Based on estimates for the next years, FSLR will show a very strong growth in Earnings Per Share. The EPS will grow by 25.14% on average per year.
  • The Revenue is expected to grow by 13.30% on average over the next years. This is quite good.
EPS Next Y19.76%
EPS Next 2Y35.65%
EPS Next 3Y32.21%
EPS Next 5Y25.14%
Revenue Next Year21.81%
Revenue Next 2Y20.97%
Revenue Next 3Y18.73%
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.
FSLR Yearly Revenue VS EstimatesFSLR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
FSLR Yearly EPS VS EstimatesFSLR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 10 20 30

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.93, which indicates a correct valuation of FSLR.
  • Based on the Price/Earnings ratio, FSLR is valued cheaply inside the industry as 93.81% of the companies are valued more expensively.
  • FSLR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.18.
  • The Price/Forward Earnings ratio is 9.62, which indicates a very decent valuation of FSLR.
  • 97.35% of the companies in the same industry are more expensive than FSLR, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of FSLR to the average of the S&P500 Index (28.01), we can say FSLR is valued rather cheaply.
Industry RankSector Rank
PE 16.93
Fwd PE 9.62
FSLR Price Earnings VS Forward Price EarningsFSLR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

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 cheaply inside the industry as 80.53% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 38.5
EV/EBITDA 11.36
FSLR Per share dataFSLR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

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.
  • A more expensive valuation may be justified as FSLR's earnings are expected to grow with 32.21% in the coming years.
PEG (NY)0.86
PEG (5Y)0.32
EPS Next 2Y35.65%
EPS Next 3Y32.21%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for FSLR!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

FIRST SOLAR INC

NASDAQ:FSLR (2/12/2026, 4:49:50 PM)

After market: 220.45 0 (0%)

220.45

-7.29 (-3.2%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-30
Earnings (Next)02-24
Inst Owners104.86%
Inst Owner Change-2.33%
Ins Owners5.3%
Ins Owner Change-0.65%
Market Cap23.66B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target281.25 (27.58%)
Short Float %8.33%
Short Ratio3.98
Dividend
Industry RankSector 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)2.13%
PT rev (3m)17.55%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-8.48%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-3.95%
Revenue NQ rev (1m)-0.5%
Revenue NQ rev (3m)-12.25%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-3.22%
Valuation
Industry RankSector Rank
PE 16.93
Fwd PE 9.62
P/S 4.68
P/FCF 38.5
P/OCF 14.55
P/B 2.62
P/tB 2.65
EV/EBITDA 11.36
EPS(TTM)13.02
EY5.91%
EPS(NY)22.91
Fwd EY10.39%
FCF(TTM)5.73
FCFY2.6%
OCF(TTM)15.15
OCFY6.87%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)0.86
PEG (5Y)0.32
Graham Number156.88
Profitability
Industry RankSector 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 RankSector 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 4.95
F-Score5
WACC10.95%
ROIC/WACC1.03
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 Y19.76%
EPS Next 2Y35.65%
EPS Next 3Y32.21%
EPS Next 5Y25.14%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year21.81%
Revenue Next 2Y20.97%
Revenue Next 3Y18.73%
Revenue Next 5Y13.3%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year43.7%
EBIT Next 3Y37.73%
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 19.76% in the next year.