JINKOSOLAR HOLDING CO-ADR (JKS) Stock Fundamental Analysis
NYSE:JKS - New York Stock Exchange, Inc. - US47759T1007 - ADR - Currency: USD
We assign a fundamental rating of 3 out of 10 to JKS. JKS was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of JKS have multiple concerns. JKS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year JKS was profitable.
JKS had positive earnings in each of the past 5 years.
JKS had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
JKS has a worse Return On Assets (-1.53%) than 60.91% of its industry peers.
With a Return On Equity value of -10.18%, JKS is not doing good in the industry: 68.18% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.53% | ||
| ROE | -10.18% | ||
| ROIC | N/A |
ROA(3y)1.06%
ROA(5y)0.92%
ROE(3y)7.15%
ROE(5y)6.05%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Profit Margin of JKS has declined.
JKS's Gross Margin of 8.39% is on the low side compared to the rest of the industry. JKS is outperformed by 90.91% of its industry peers.
JKS's Gross Margin has declined in the last couple of years.
JKS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 8.39% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-67.68%
PM growth 5Y-54.4%
GM growth 3Y-12.56%
GM growth 5Y-9.8%
2. Health
2.1 Basic Checks
JKS does not have a ROIC to compare to the WACC, probably because it is not profitable.
JKS has less shares outstanding than it did 1 year ago.
JKS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, JKS has an improved debt to assets ratio.
2.2 Solvency
JKS has a Debt/Equity ratio of 2.37. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of JKS (2.37) is worse than 94.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.37 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC1.44%
2.3 Liquidity
JKS has a Current Ratio of 1.33. This is a normal value and indicates that JKS is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.33, JKS is not doing good in the industry: 85.45% of the companies in the same industry are doing better.
A Quick Ratio of 1.07 indicates that JKS should not have too much problems paying its short term obligations.
JKS has a Quick ratio of 1.07. This is amonst the worse of the industry: JKS underperforms 85.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
JKS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -74.20%.
Measured over the past years, JKS shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.87% on average per year.
JKS shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -29.85%.
The Revenue has been growing by 25.40% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-74.2%
EPS 3Y13.84%
EPS 5Y-2.87%
EPS Q2Q%-334.93%
Revenue 1Y (TTM)-29.85%
Revenue growth 3Y31.23%
Revenue growth 5Y25.4%
Sales Q2Q%333.76%
3.2 Future
JKS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.23% yearly.
JKS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.16% yearly.
EPS Next Y-326.4%
EPS Next 2Y-3.27%
EPS Next 3Y39.23%
EPS Next 5YN/A
Revenue Next Year-22.25%
Revenue Next 2Y2.94%
Revenue Next 3Y8.16%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.09, which indicates a very decent valuation of JKS.
Based on the Price/Earnings ratio, JKS is valued cheaply inside the industry as 98.18% of the companies are valued more expensively.
JKS is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
JKS is valuated reasonably with a Price/Forward Earnings ratio of 8.64.
98.18% of the companies in the same industry are more expensive than JKS, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.70, JKS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.09 | ||
| Fwd PE | 8.64 |
4.2 Price Multiples
JKS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. JKS is cheaper than 71.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.75 |
4.3 Compensation for Growth
A more expensive valuation may be justified as JKS's earnings are expected to grow with 39.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.27%
EPS Next 3Y39.23%
5. Dividend
5.1 Amount
JKS has a Yearly Dividend Yield of 13.35%, which is a nice return.
Compared to an average industry Dividend Yield of 2.28, JKS pays a better dividend. On top of this JKS pays more dividend than 100.00% of the companies listed in the same industry.
JKS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.35% |
5.2 History
JKS does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
DPN/A
EPS Next 2Y-3.27%
EPS Next 3Y39.23%
21.59
+0.37 (+1.74%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners31.67%
Inst Owner Change12.43%
Ins Owners4.9%
Ins Owner ChangeN/A
Market Cap1.12B
Analysts48.57
Price Target24.47 (13.34%)
Short Float %56.57%
Short Ratio6.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.35% |
Yearly Dividend1.47
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-43.81%
Min Revenue beat(2)-87.9%
Max Revenue beat(2)0.27%
Revenue beat(4)1
Avg Revenue beat(4)-65.21%
Min Revenue beat(4)-88.31%
Max Revenue beat(4)0.27%
Revenue beat(8)1
Avg Revenue beat(8)-75.41%
Revenue beat(12)4
Avg Revenue beat(12)-47.56%
Revenue beat(16)5
Avg Revenue beat(16)-37.13%
PT rev (1m)0%
PT rev (3m)-14.03%
EPS NQ rev (1m)-80.11%
EPS NQ rev (3m)-1814.23%
EPS NY rev (1m)0%
EPS NY rev (3m)-486.86%
Revenue NQ rev (1m)1.64%
Revenue NQ rev (3m)-28.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-29.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.09 | ||
| Fwd PE | 8.64 | ||
| P/S | 0.1 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.43 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | 17.75 |
EPS(TTM)2.67
EY12.37%
EPS(NY)2.5
Fwd EY11.57%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS224.43
BVpS49.73
TBVpS43.54
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.53% | ||
| ROE | -10.18% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 8.39% | ||
| FCFM | N/A |
ROA(3y)1.06%
ROA(5y)0.92%
ROE(3y)7.15%
ROE(5y)6.05%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-67.68%
PM growth 5Y-54.4%
GM growth 3Y-12.56%
GM growth 5Y-9.8%
F-ScoreN/A
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.37 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 14.22 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | N/A |
F-ScoreN/A
WACC1.44%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-74.2%
EPS 3Y13.84%
EPS 5Y-2.87%
EPS Q2Q%-334.93%
EPS Next Y-326.4%
EPS Next 2Y-3.27%
EPS Next 3Y39.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-29.85%
Revenue growth 3Y31.23%
Revenue growth 5Y25.4%
Sales Q2Q%333.76%
Revenue Next Year-22.25%
Revenue Next 2Y2.94%
Revenue Next 3Y8.16%
Revenue Next 5YN/A
EBIT growth 1Y-189.31%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year430.72%
EBIT Next 3Y131.27%
EBIT Next 5YN/A
FCF growth 1Y-45.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y21.87%
OCF growth 3Y239.49%
OCF growth 5Y64.22%