Logo image of 1FSLR.MI

FIRST SOLAR INC (1FSLR.MI) Stock Fundamental Analysis

BIT:1FSLR - Euronext Milan - US3364331070 - Common Stock - Currency: EUR

152  -13.66 (-8.25%)

Fundamental Rating

6

Overall 1FSLR gets a fundamental rating of 6 out of 10. We evaluated 1FSLR against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. 1FSLR has an excellent profitability rating, but there are some minor concerns on its financial health. 1FSLR is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

Quickly go to:

7

1. Profitability

1.1 Basic Checks

In the past year 1FSLR was profitable.
1FSLR had a positive operating cash flow in the past year.
1FSLR had positive earnings in 4 of the past 5 years.
Each year in the past 5 years 1FSLR had a positive operating cash flow.
1FSLR.MI Yearly Net Income VS EBIT VS OCF VS FCF1FSLR.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

1.2 Ratios

1FSLR's Return On Assets of 10.44% is fine compared to the rest of the industry. 1FSLR outperforms 65.38% of its industry peers.
1FSLR has a Return On Equity (15.45%) which is comparable to the rest of the industry.
1FSLR's Return On Invested Capital of 10.57% is fine compared to the rest of the industry. 1FSLR outperforms 61.54% of its industry peers.
Industry RankSector Rank
ROA 10.44%
ROE 15.45%
ROIC 10.57%
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
ROIC(3y)N/A
ROIC(5y)N/A
1FSLR.MI Yearly ROA, ROE, ROIC1FSLR.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

1FSLR's Profit Margin of 29.72% is amongst the best of the industry. 1FSLR outperforms 86.54% of its industry peers.
1FSLR's Profit Margin has improved in the last couple of years.
The Operating Margin of 1FSLR (32.25%) is better than 86.54% of its industry peers.
1FSLR's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 43.61%, 1FSLR perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
1FSLR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 32.25%
PM (TTM) 29.72%
GM 43.61%
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
1FSLR.MI Yearly Profit, Operating, Gross Margins1FSLR.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

More info and screens

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1FSLR is destroying value.
The number of shares outstanding for 1FSLR remains at a similar level compared to 1 year ago.
1FSLR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, 1FSLR has an improved debt to assets ratio.
1FSLR.MI Yearly Shares Outstanding1FSLR.MI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
1FSLR.MI Yearly Total Debt VS Total Assets1FSLR.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

1FSLR has an Altman-Z score of 4.40. This indicates that 1FSLR is financially healthy and has little risk of bankruptcy at the moment.
1FSLR has a Altman-Z score of 4.40. This is comparable to the rest of the industry: 1FSLR outperforms 50.00% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that 1FSLR is not too dependend on debt financing.
1FSLR has a better Debt to Equity ratio (0.04) than 88.46% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Altman-Z 4.4
ROIC/WACC0.95
WACC11.13%
1FSLR.MI Yearly LT Debt VS Equity VS FCF1FSLR.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

1FSLR has a Current Ratio of 1.93. This is a normal value and indicates that 1FSLR is financially healthy and should not expect problems in meeting its short term obligations.
1FSLR has a Current ratio of 1.93. This is in the lower half of the industry: 1FSLR underperforms 61.54% of its industry peers.
A Quick Ratio of 1.39 indicates that 1FSLR should not have too much problems paying its short term obligations.
1FSLR has a worse Quick ratio (1.39) than 63.46% of its industry peers.
Industry RankSector Rank
Current Ratio 1.93
Quick Ratio 1.39
1FSLR.MI Yearly Current Assets VS Current Liabilites1FSLR.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

More info and screens

7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 27.88% over the past year.
1FSLR 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, 1FSLR shows a quite strong growth in Revenue. The Revenue has grown by 19.42% in the last year.
Measured over the past years, 1FSLR shows a small growth in Revenue. The Revenue has been growing by 6.55% on average per year.
EPS 1Y (TTM)27.88%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%-11.36%
Revenue 1Y (TTM)19.42%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%6.35%

3.2 Future

1FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.13% yearly.
The Revenue is expected to grow by 12.27% on average over the next years. This is quite good.
EPS Next Y22.8%
EPS Next 2Y34.46%
EPS Next 3Y28.99%
EPS Next 5Y22.13%
Revenue Next Year19.92%
Revenue Next 2Y19.54%
Revenue Next 3Y16.8%
Revenue Next 5Y12.27%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
1FSLR.MI Yearly Revenue VS Estimates1FSLR.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2B 4B 6B
1FSLR.MI Yearly EPS VS Estimates1FSLR.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 10 20 30

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

1FSLR is valuated correctly with a Price/Earnings ratio of 14.13.
Compared to the rest of the industry, the Price/Earnings ratio of 1FSLR indicates a somewhat cheap valuation: 1FSLR is cheaper than 78.85% of the companies listed in the same industry.
1FSLR is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.66, the valuation of 1FSLR can be described as very cheap.
1FSLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. 1FSLR is cheaper than 92.31% of the companies in the same industry.
1FSLR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.17.
Industry RankSector Rank
PE 14.13
Fwd PE 7.66
1FSLR.MI Price Earnings VS Forward Price Earnings1FSLR.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, 1FSLR is valued a bit cheaper than 63.46% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.88
1FSLR.MI Per share data1FSLR.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

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.
1FSLR has a very decent profitability rating, which may justify a higher PE ratio.
1FSLR's earnings are expected to grow with 28.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.62
PEG (5Y)0.27
EPS Next 2Y34.46%
EPS Next 3Y28.99%

More info and screens

0

5. Dividend

5.1 Amount

1FSLR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

FIRST SOLAR INC

BIT:1FSLR (5/20/2025, 7:00:00 PM)

152

-13.66 (-8.25%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)04-29 2025-04-29/amc
Earnings (Next)07-28 2025-07-28/amc
Inst Owners93.02%
Inst Owner ChangeN/A
Ins Owners6.81%
Ins Owner ChangeN/A
Market Cap16.30B
Analysts80.45
Price Target173.64 (14.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)0
Avg EPS beat(2)-23.63%
Min EPS beat(2)-23.86%
Max EPS beat(2)-23.4%
EPS beat(4)2
Avg EPS beat(4)-6.01%
Min EPS beat(4)-23.86%
Max EPS beat(4)18.48%
EPS beat(8)6
Avg EPS beat(8)8.47%
EPS beat(12)7
Avg EPS beat(12)-30.04%
EPS beat(16)10
Avg EPS beat(16)-20.76%
Revenue beat(2)1
Avg Revenue beat(2)-0.07%
Min Revenue beat(2)-1.34%
Max Revenue beat(2)1.21%
Revenue beat(4)2
Avg Revenue beat(4)-3.48%
Min Revenue beat(4)-19.01%
Max Revenue beat(4)5.22%
Revenue beat(8)4
Avg Revenue beat(8)-2.34%
Revenue beat(12)5
Avg Revenue beat(12)-5.12%
Revenue beat(16)5
Avg Revenue beat(16)-7.52%
PT rev (1m)-22.67%
PT rev (3m)-32.85%
EPS NQ rev (1m)-5.03%
EPS NQ rev (3m)-44.4%
EPS NY rev (1m)-18.11%
EPS NY rev (3m)-28.2%
Revenue NQ rev (1m)-2.22%
Revenue NQ rev (3m)-21.55%
Revenue NY rev (1m)-8.02%
Revenue NY rev (3m)-9.17%
Valuation
Industry RankSector Rank
PE 14.13
Fwd PE 7.66
P/S 4.34
P/FCF N/A
P/OCF 54
P/B 2.26
P/tB 2.28
EV/EBITDA 9.88
EPS(TTM)10.76
EY7.08%
EPS(NY)19.85
Fwd EY13.06%
FCF(TTM)-8.03
FCFYN/A
OCF(TTM)2.81
OCFY1.85%
SpS35.01
BVpS67.33
TBVpS66.65
PEG (NY)0.62
PEG (5Y)0.27
Profitability
Industry RankSector Rank
ROA 10.44%
ROE 15.45%
ROCE 14.09%
ROIC 10.57%
ROICexc 11.63%
ROICexgc 11.74%
OM 32.25%
PM (TTM) 29.72%
GM 43.61%
FCFM N/A
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
ROICexcg growth 3Y23.05%
ROICexcg 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-Score6
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF N/A
Debt/EBITDA 0.2
Cap/Depr 287.4%
Cap/Sales 30.98%
Interest Coverage 250
Cash Conversion 18.69%
Profit Quality N/A
Current Ratio 1.93
Quick Ratio 1.39
Altman-Z 4.4
F-Score6
WACC11.13%
ROIC/WACC0.95
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)27.88%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%-11.36%
EPS Next Y22.8%
EPS Next 2Y34.46%
EPS Next 3Y28.99%
EPS Next 5Y22.13%
Revenue 1Y (TTM)19.42%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%6.35%
Revenue Next Year19.92%
Revenue Next 2Y19.54%
Revenue Next 3Y16.8%
Revenue Next 5Y12.27%
EBIT growth 1Y23.68%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year47.81%
EBIT Next 3Y36.37%
EBIT Next 5Y24.98%
FCF growth 1Y-586.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-64.99%
OCF growth 3Y72.43%
OCF growth 5Y47.54%