256.655 USD
-5.91 (-2.25%)
We assign a fundamental rating of 7 out of 10 to FSLR. FSLR was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. FSLR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. FSLR is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, FSLR could be worth investigating further for value and growth and quality 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.
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.
1.2 Ratios
FSLR has a Return On Assets of 10.41%. This is amongst the best in the industry. FSLR outperforms 82.14% of its industry peers.
Looking at the Return On Equity, with a value of 15.53%, FSLR belongs to the top of the industry, outperforming 80.36% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 11.26%, FSLR belongs to the top of the industry, outperforming 84.82% 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 has a better Profit Margin (27.73%) than 88.39% of its industry peers.
FSLR's Profit Margin has improved in the last couple of years.
FSLR has a Operating Margin of 29.81%. This is amongst the best in the industry. FSLR outperforms 90.18% of its industry peers.
In the last couple of years the Operating Margin of FSLR has grown nicely.
The Gross Margin of FSLR (40.05%) is comparable to the rest of the industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FSLR is still 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
The debt/assets ratio for FSLR has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.45 indicates that FSLR is not in any danger for bankruptcy at the moment.
FSLR's Altman-Z score of 5.45 is fine compared to the rest of the industry. FSLR outperforms 62.50% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 1.28, FSLR is in the better half of the industry, outperforming 72.32% of the companies in the same industry.
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 | 5.45 |
ROIC/WACC1.09
WACC10.35%
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 74.11% 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 72.32% of its industry peers.
FSLR does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| 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%.
FSLR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.55% yearly.
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 25.29% on average over the next years. This is a very strong growth
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 Y20.89%
EPS Next 2Y36.43%
EPS Next 3Y32.59%
EPS Next 5Y25.29%
Revenue Next Year23.08%
Revenue Next 2Y21.26%
Revenue Next 3Y18.94%
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
A Price/Earnings ratio of 19.71 indicates a rather expensive valuation of FSLR.
Based on the Price/Earnings ratio, FSLR is valued cheaply inside the industry as 86.61% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.15, FSLR is valued a bit cheaper.
With a Price/Forward Earnings ratio of 11.08, the valuation of FSLR can be described as very reasonable.
99.11% 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 (36.22), we can say FSLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.71 | ||
| Fwd PE | 11.08 |
4.2 Price Multiples
84.82% of the companies in the same industry are more expensive than FSLR, based on the Enterprise Value to EBITDA ratio.
FSLR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FSLR is cheaper than 66.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.82 | ||
| EV/EBITDA | 13.22 |
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 excellent profitability rating of FSLR may justify a higher PE ratio.
FSLR's earnings are expected to grow with 32.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.94
PEG (5Y)0.37
EPS Next 2Y36.43%
EPS Next 3Y32.59%
5. Dividend
5.1 Amount
FSLR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:FSLR (12/3/2025, 1:42:02 PM)
256.655
-5.91 (-2.25%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners106.4%
Inst Owner Change1.09%
Ins Owners5.34%
Ins Owner Change-0.7%
Market Cap27.54B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts81.28
Price Target273.42 (6.53%)
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)22.15%
PT rev (3m)25.31%
EPS NQ rev (1m)-7.71%
EPS NQ rev (3m)-9.33%
EPS NY rev (1m)-3.04%
EPS NY rev (3m)-3.53%
Revenue NQ rev (1m)-11.21%
Revenue NQ rev (3m)-11.35%
Revenue NY rev (1m)-2.21%
Revenue NY rev (3m)-2.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.71 | ||
| Fwd PE | 11.08 | ||
| P/S | 5.45 | ||
| P/FCF | 44.82 | ||
| P/OCF | 16.94 | ||
| P/B | 3.05 | ||
| P/tB | 3.08 | ||
| EV/EBITDA | 13.22 |
EPS(TTM)13.02
EY5.07%
EPS(NY)23.17
Fwd EY9.03%
FCF(TTM)5.73
FCFY2.23%
OCF(TTM)15.15
OCFY5.9%
SpS47.07
BVpS84.01
TBVpS83.25
PEG (NY)0.94
PEG (5Y)0.37
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 | 5.45 |
F-Score5
WACC10.35%
ROIC/WACC1.09
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 Y20.89%
EPS Next 2Y36.43%
EPS Next 3Y32.59%
EPS Next 5Y25.29%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year23.08%
Revenue Next 2Y21.26%
Revenue Next 3Y18.94%
Revenue Next 5Y13.24%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year50.42%
EBIT Next 3Y37.57%
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 7 / 10 to FSLR.
What is the valuation status of FIRST SOLAR INC (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 8 / 10.
Can you provide the PE and PB ratios for FSLR stock?
The Price/Earnings (PE) ratio for FIRST SOLAR INC (FSLR) is 19.71 and the Price/Book (PB) ratio is 3.05.