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Looking for growth without the hefty price tag? Consider NASDAQ:FSLR.

By Mill Chart

Last update: Apr 16, 2024

FIRST SOLAR INC (NASDAQ:FSLR) was identified as an affordable growth stock by our stock screener. NASDAQ:FSLR is showing great growth, but also scores well on profitability, solvency and liquidity. At the same time it seems to be priced reasonably. We'll explore this a bit deeper below.

Assessing Growth for NASDAQ:FSLR

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:FSLR scores a 8 out of 10:

  • FSLR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 677.61%, which is quite impressive.
  • The Earnings Per Share has been growing by 41.80% on average over the past years. This is a very strong growth
  • The Revenue has grown by 26.70% in the past year. This is a very strong growth!
  • FSLR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.14% yearly.
  • FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.26% yearly.
  • Based on estimates for the next years, FSLR will show a quite strong growth in Revenue. The Revenue will grow by 16.62% on average per year.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Deciphering NASDAQ:FSLR's Valuation Rating

ChartMill assigns a proprietary Valuation Rating to each stock. The score is computed by evaluating various valuation aspects, like price to earnings and free cash flow, both absolutely as relative to the market and industry. NASDAQ:FSLR was assigned a score of 6 for valuation:

  • Based on the Price/Earnings ratio, FSLR is valued a bit cheaper than the industry average as 69.81% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FSLR indicates a rather cheap valuation: FSLR is cheaper than 93.40% of the companies listed in the same industry.
  • FSLR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.53, which is the current average of the S&P500 Index.
  • 82.08% of the companies in the same industry are more expensive than FSLR, based on the Enterprise Value to EBITDA ratio.
  • FSLR's 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 58.03% in the coming years.

Deciphering NASDAQ:FSLR's Health Rating

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:FSLR scores a 5 out of 10:

  • An Altman-Z score of 4.59 indicates that FSLR is not in any danger for bankruptcy at the moment.
  • A Debt/Equity ratio of 0.07 indicates that FSLR is not too dependend on debt financing.
  • FSLR's Debt to Equity ratio of 0.07 is fine compared to the rest of the industry. FSLR outperforms 61.32% of its industry peers.
  • A Current Ratio of 3.55 indicates that FSLR has no problem at all paying its short term obligations.
  • A Quick Ratio of 2.92 indicates that FSLR has no problem at all paying its short term obligations.
  • The Quick ratio of FSLR (2.92) is better than 61.32% of its industry peers.

Understanding NASDAQ:FSLR's Profitability

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:FSLR has earned a 6 out of 10:

  • Looking at the Return On Assets, with a value of 8.02%, FSLR is in the better half of the industry, outperforming 68.87% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 12.42%, FSLR is in the better half of the industry, outperforming 66.98% of the companies in the same industry.
  • FSLR's Return On Invested Capital of 7.73% is fine compared to the rest of the industry. FSLR outperforms 66.98% of its industry peers.
  • FSLR has a Profit Margin of 25.04%. This is amongst the best in the industry. FSLR outperforms 84.91% of its industry peers.
  • In the last couple of years the Profit Margin of FSLR has grown nicely.
  • FSLR has a better Operating Margin (26.70%) than 83.02% of its industry peers.
  • In the last couple of years the Operating Margin of FSLR has grown nicely.
  • In the last couple of years the Gross Margin of FSLR has grown nicely.

More Affordable Growth stocks can be found in our Affordable Growth screener.

Our latest full fundamental report of FSLR contains the most current fundamental analsysis.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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FIRST SOLAR INC

NASDAQ:FSLR (5/24/2024, 7:00:00 PM)

After market: 277.01 +0.27 (+0.1%)

276.74

+26.93 (+10.78%)

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