CANADIAN SOLAR INC (CSIQ) Fundamental Analysis & Valuation

NASDAQ:CSIQ • CA1366351098

Current stock price

13.15 USD
+0.43 (+3.38%)
Last:

This CSIQ fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. CSIQ Profitability Analysis

1.1 Basic Checks

  • In the past year CSIQ has reported negative net income.
  • In the past year CSIQ has reported a negative cash flow from operations.
  • Of the past 5 years CSIQ 4 years were profitable.
  • The reported operating cash flow has been mixed in the past 5 years: CSIQ reported negative operating cash flow in multiple years.
CSIQ Yearly Net Income VS EBIT VS OCF VS FCFCSIQ 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 2025 0 -1B -2B

1.2 Ratios

  • CSIQ's Return On Assets of -0.69% is in line compared to the rest of the industry. CSIQ outperforms 48.70% of its industry peers.
  • CSIQ has a Return On Equity (-3.71%) which is comparable to the rest of the industry.
  • The Return On Invested Capital of CSIQ (0.33%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -0.69%
ROE -3.71%
ROIC 0.33%
ROA(3y)0.63%
ROA(5y)1.17%
ROE(3y)2.76%
ROE(5y)5.19%
ROIC(3y)N/A
ROIC(5y)N/A
CSIQ Yearly ROA, ROE, ROICCSIQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • Looking at the Operating Margin, with a value of 0.77%, CSIQ is in line with its industry, outperforming 48.70% of the companies in the same industry.
  • In the last couple of years the Operating Margin of CSIQ has declined.
  • With a Gross Margin value of 18.34%, CSIQ is not doing good in the industry: 79.13% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of CSIQ has declined.
Industry RankSector Rank
OM 0.77%
PM (TTM) N/A
GM 18.34%
OM growth 3Y-41.8%
OM growth 5Y-32.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.74%
GM growth 5Y-1.56%
CSIQ Yearly Profit, Operating, Gross MarginsCSIQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

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1

2. CSIQ Health Analysis

2.1 Basic Checks

  • CSIQ has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for CSIQ remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, CSIQ has more shares outstanding
  • The debt/assets ratio for CSIQ is higher compared to a year ago.
CSIQ Yearly Shares OutstandingCSIQ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
CSIQ Yearly Total Debt VS Total AssetsCSIQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • Based on the Altman-Z score of 0.57, we must say that CSIQ is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of CSIQ (0.57) is worse than 77.39% of its industry peers.
  • CSIQ has a Debt/Equity ratio of 1.75. This is a high value indicating a heavy dependency on external financing.
  • CSIQ has a Debt to Equity ratio of 1.75. This is amonst the worse of the industry: CSIQ underperforms 92.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.75
Debt/FCF N/A
Altman-Z 0.57
ROIC/WACC0.06
WACC5.21%
CSIQ Yearly LT Debt VS Equity VS FCFCSIQ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

2.3 Liquidity

  • CSIQ has a Current Ratio of 1.02. This is a normal value and indicates that CSIQ is financially healthy and should not expect problems in meeting its short term obligations.
  • CSIQ has a Current ratio of 1.02. This is amonst the worse of the industry: CSIQ underperforms 91.30% of its industry peers.
  • A Quick Ratio of 0.83 indicates that CSIQ may have some problems paying its short term obligations.
  • The Quick ratio of CSIQ (0.83) is worse than 90.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 0.83
CSIQ Yearly Current Assets VS Current LiabilitesCSIQ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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

4

3. CSIQ Growth Analysis

3.1 Past

  • The earnings per share for CSIQ have decreased strongly by -73.26% in the last year.
  • CSIQ shows a decrease in Revenue. In the last year, the revenue decreased by -6.65%.
  • CSIQ shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.98% yearly.
EPS 1Y (TTM)-73.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.27%
Revenue 1Y (TTM)-6.65%
Revenue growth 3Y-9.18%
Revenue growth 5Y9.98%
Sales Q2Q%-19.99%

3.2 Future

  • CSIQ is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.87% yearly.
  • The Revenue is expected to grow by 9.74% on average over the next years. This is quite good.
EPS Next Y91.82%
EPS Next 2Y52.67%
EPS Next 3Y38.49%
EPS Next 5Y38.87%
Revenue Next Year18.95%
Revenue Next 2Y16.24%
Revenue Next 3Y13.2%
Revenue Next 5Y9.74%

3.3 Evolution

  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
CSIQ Yearly Revenue VS EstimatesCSIQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B 8B
CSIQ Yearly EPS VS EstimatesCSIQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 2 -2 4 6 8

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1

4. CSIQ Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for CSIQ. In the last year negative earnings were reported.
  • Also next year CSIQ is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
CSIQ Price Earnings VS Forward Price EarningsCSIQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
CSIQ Per share dataCSIQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60 80

4.3 Compensation for Growth

  • A more expensive valuation may be justified as CSIQ's earnings are expected to grow with 38.49% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.67%
EPS Next 3Y38.49%

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

0

5. CSIQ Dividend Analysis

5.1 Amount

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

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CSIQ Fundamentals: All Metrics, Ratios and Statistics

CANADIAN SOLAR INC

NASDAQ:CSIQ (4/14/2026, 10:15:08 AM)

13.15

+0.43 (+3.38%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-19
Earnings (Next)05-13
Inst Owners41.87%
Inst Owner Change-0.14%
Ins Owners21.18%
Ins Owner Change0.15%
Market Cap880.66M
Revenue(TTM)5.60B
Net Income(TTM)-104.13M
Analysts54.12
Price Target17.11 (30.11%)
Short Float %30.61%
Short Ratio6.34
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.96%
Min EPS beat(2)-105.85%
Max EPS beat(2)85.92%
EPS beat(4)2
Avg EPS beat(4)-30.04%
Min EPS beat(4)-105.85%
Max EPS beat(4)85.92%
EPS beat(8)3
Avg EPS beat(8)-25.65%
EPS beat(12)5
Avg EPS beat(12)-25.63%
EPS beat(16)9
Avg EPS beat(16)10.15%
Revenue beat(2)1
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-11.92%
Max Revenue beat(2)6.7%
Revenue beat(4)2
Avg Revenue beat(4)-3.24%
Min Revenue beat(4)-14.75%
Max Revenue beat(4)7.03%
Revenue beat(8)4
Avg Revenue beat(8)-3.67%
Revenue beat(12)4
Avg Revenue beat(12)-4.17%
Revenue beat(16)6
Avg Revenue beat(16)-3.94%
PT rev (1m)-20.55%
PT rev (3m)-20.55%
EPS NQ rev (1m)-163.24%
EPS NQ rev (3m)-352.76%
EPS NY rev (1m)-126.28%
EPS NY rev (3m)-121.73%
Revenue NQ rev (1m)-37.91%
Revenue NQ rev (3m)-40.42%
Revenue NY rev (1m)-8.7%
Revenue NY rev (3m)-8.64%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.16
P/FCF N/A
P/OCF N/A
P/B 0.31
P/tB 0.32
EV/EBITDA N/A
EPS(TTM)-2.49
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)-24.55
FCFYN/A
OCF(TTM)-3.77
OCFYN/A
SpS83.55
BVpS41.93
TBVpS41.45
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.69%
ROE -3.71%
ROCE 0.46%
ROIC 0.33%
ROICexc 0.38%
ROICexgc 0.38%
OM 0.77%
PM (TTM) N/A
GM 18.34%
FCFM N/A
ROA(3y)0.63%
ROA(5y)1.17%
ROE(3y)2.76%
ROE(5y)5.19%
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 3Y-58.78%
ROICexgc growth 5Y-39.24%
ROICexc growth 3Y-58.78%
ROICexc growth 5Y-39.2%
OM growth 3Y-41.8%
OM growth 5Y-32.75%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.74%
GM growth 5Y-1.56%
F-Score2
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 1.75
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 24.87%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.02
Quick Ratio 0.83
Altman-Z 0.57
F-Score2
WACC5.21%
ROIC/WACC0.06
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)25.37%
Cap/Sales(5y)18.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-73.26%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.27%
EPS Next Y91.82%
EPS Next 2Y52.67%
EPS Next 3Y38.49%
EPS Next 5Y38.87%
Revenue 1Y (TTM)-6.65%
Revenue growth 3Y-9.18%
Revenue growth 5Y9.98%
Sales Q2Q%-19.99%
Revenue Next Year18.95%
Revenue Next 2Y16.24%
Revenue Next 3Y13.2%
Revenue Next 5Y9.74%
EBIT growth 1Y243.47%
EBIT growth 3Y-47.14%
EBIT growth 5Y-26.03%
EBIT Next Year3607.17%
EBIT Next 3Y261.38%
EBIT Next 5Y131.19%
FCF growth 1Y40.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y71.45%
OCF growth 3YN/A
OCF growth 5YN/A

CANADIAN SOLAR INC / CSIQ Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for CANADIAN SOLAR INC?

ChartMill assigns a fundamental rating of 2 / 10 to CSIQ.


What is the valuation status of CANADIAN SOLAR INC (CSIQ) stock?

ChartMill assigns a valuation rating of 1 / 10 to CANADIAN SOLAR INC (CSIQ). This can be considered as Overvalued.


How profitable is CANADIAN SOLAR INC (CSIQ) stock?

CANADIAN SOLAR INC (CSIQ) has a profitability rating of 2 / 10.


Is the dividend of CANADIAN SOLAR INC sustainable?

The dividend rating of CANADIAN SOLAR INC (CSIQ) is 0 / 10 and the dividend payout ratio is 0%.