Taking everything into account, CSIQ scores 2 out of 10 in our fundamental rating. CSIQ was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of CSIQ have multiple concerns. CSIQ is valied quite expensively at the moment, while it does show a decent growth rate.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year CSIQ has reported negative net income.
CSIQ had a negative operating cash flow in the past year.
Each year in the past 5 years CSIQ has been profitable.
In multiple years CSIQ reported negative operating cash flow during the last 5 years.

1.2 Ratios

CSIQ's Return On Assets of 0.11% is in line compared to the rest of the industry. CSIQ outperforms 51.33% of its industry peers.
With a Return On Equity value of 0.56%, CSIQ perfoms like the industry average, outperforming 51.33% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	0.11%
ROE	0.56%
ROIC	N/A

ROA(3y)1.74%

ROA(5y)1.75%

ROE(3y)8.12%

ROE(5y)7.8%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

The Profit Margin of CSIQ (0.27%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CSIQ has declined.
CSIQ has a Gross Margin of 18.97%. This is amonst the worse of the industry: CSIQ underperforms 81.42% of its industry peers.
In the last couple of years the Gross Margin of CSIQ has declined.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	0.27%
GM	18.97%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-30.67%

PM growth 5Y-35.43%

GM growth 3Y-1.09%

GM growth 5Y-5.77%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

CSIQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
CSIQ has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CSIQ has more shares outstanding
Compared to 1 year ago, CSIQ has a worse debt to assets ratio.

2.2 Solvency

CSIQ has an Altman-Z score of 0.63. This is a bad value and indicates that CSIQ is not financially healthy and even has some risk of bankruptcy.
CSIQ's Altman-Z score of 0.63 is on the low side compared to the rest of the industry. CSIQ is outperformed by 73.45% of its industry peers.
CSIQ has a Debt/Equity ratio of 1.60. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.60, CSIQ is doing worse than 89.38% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	1.6
Debt/FCF	N/A
Altman-Z	0.63

ROIC/WACCN/A

WACC5.06%

2.3 Liquidity

CSIQ has a Current Ratio of 1.07. 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 1.07. This is amonst the worse of the industry: CSIQ underperforms 90.27% of its industry peers.
A Quick Ratio of 0.86 indicates that CSIQ may have some problems paying its short term obligations.
CSIQ has a worse Quick ratio (0.86) than 89.38% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.07
Quick Ratio	0.86

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

CSIQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27000.00%.
The earnings per share for CSIQ have been decreasing by -28.29% on average. This is quite bad
Looking at the last year, CSIQ shows a decrease in Revenue. The Revenue has decreased by -4.46% in the last year.
CSIQ shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.37% yearly.

EPS 1Y (TTM)-27000%

EPS 3Y-26.92%

EPS 5Y-28.29%

EPS Q2Q%66.67%

Revenue 1Y (TTM)-4.46%

Revenue growth 3Y4.33%

Revenue growth 5Y13.37%

Sales Q2Q%-1.34%

3.2 Future

Based on estimates for the next years, CSIQ will show a very strong growth in Earnings Per Share. The EPS will grow by 52.21% on average per year.
The Revenue is expected to grow by 7.23% on average over the next years.

EPS Next Y11.59%

EPS Next 2Y62.85%

EPS Next 3Y43.37%

EPS Next 5Y52.21%

Revenue Next Year-6.68%

Revenue Next 2Y10.13%

Revenue Next 3Y11.06%

Revenue Next 5Y7.23%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for CSIQ. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 23.89 indicates a rather expensive valuation of CSIQ.
CSIQ's Price/Forward Earnings ratio is rather cheap when compared to the industry. CSIQ is cheaper than 83.19% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.26, CSIQ is valued at the same level.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	23.89

4.2 Price Multiples

CSIQ's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CSIQ is cheaper than 89.38% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	12.11

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CSIQ's earnings are expected to grow with 43.37% in the coming years. This may justify a more expensive valuation.