CANADIAN SOLAR INC (CSIQ) Stock Fundamental Analysis
NASDAQ:CSIQ - Nasdaq - CA1366351098 - Common Stock - Currency: USD
CSIQ gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. CSIQ has a bad profitability rating. Also its financial health evaluation is rather negative. CSIQ is not valued too expensively and it also shows a decent growth rate.
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
Looking at the Return On Assets, with a value of -0.07%, CSIQ is in line with its industry, outperforming 45.45% of the companies in the same industry.
CSIQ has a Return On Equity of -0.37%. This is comparable to the rest of the industry: CSIQ outperforms 43.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.07% | ||
| ROE | -0.37% | ||
| 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
In the last couple of years the Profit Margin of CSIQ has declined.
CSIQ has a Gross Margin of 15.14%. This is amonst the worse of the industry: CSIQ underperforms 86.36% of its industry peers.
In the last couple of years the Gross Margin of CSIQ has declined.
CSIQ 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 | 15.14% |
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%
2. Health
2.1 Basic Checks
CSIQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CSIQ has been increased compared to 1 year ago.
The number of shares outstanding for CSIQ has been increased compared to 5 years ago.
Compared to 1 year ago, CSIQ has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.62, we must say that CSIQ is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CSIQ (0.62) is worse than 71.82% of its industry peers.
CSIQ has a Debt/Equity ratio of 1.37. This is a high value indicating a heavy dependency on external financing.
CSIQ has a worse Debt to Equity ratio (1.37) than 91.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.62 |
ROIC/WACCN/A
WACC3.89%
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 91.82% of its industry peers.
CSIQ has a Quick Ratio of 1.07. This is a bad value and indicates that CSIQ is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CSIQ (0.80) is worse than 91.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
The earnings per share for CSIQ have decreased strongly by -193.75% in the last year.
CSIQ shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -28.29% yearly.
Looking at the last year, CSIQ shows a very negative growth in Revenue. The Revenue has decreased by -19.06% 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)-193.75%
EPS 3Y-26.92%
EPS 5Y-28.29%
EPS Q2Q%-663.16%
Revenue 1Y (TTM)-19.06%
Revenue growth 3Y4.33%
Revenue growth 5Y13.37%
Sales Q2Q%-9.97%
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.
CSIQ is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.99% yearly.
EPS Next Y107.79%
EPS Next 2Y72.37%
EPS Next 3Y54.99%
EPS Next 5Y52.21%
Revenue Next Year3.2%
Revenue Next 2Y12.53%
Revenue Next 3Y12.21%
Revenue Next 5Y8.99%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 negative for CSIQ. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 8.58, which indicates a very decent valuation of CSIQ.
99.09% of the companies in the same industry are more expensive than CSIQ, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.28, CSIQ is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CSIQ is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.06 |
4.3 Compensation for Growth
CSIQ's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CSIQ's earnings are expected to grow with 54.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y72.37%
EPS Next 3Y54.99%
5. Dividend
5.1 Amount
CSIQ does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
12
+0.28 (+2.39%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners48.83%
Inst Owner Change-1.04%
Ins Owners21.18%
Ins Owner ChangeN/A
Market Cap803.64M
Analysts71.76
Price Target13.03 (8.58%)
Short Float %10.9%
Short Ratio4.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-692.5%
Min EPS beat(2)-1389.64%
Max EPS beat(2)4.63%
EPS beat(4)1
Avg EPS beat(4)-367.83%
Min EPS beat(4)-1389.64%
Max EPS beat(4)4.63%
EPS beat(8)3
Avg EPS beat(8)-34.38%
EPS beat(12)7
Avg EPS beat(12)6.9%
EPS beat(16)10
Avg EPS beat(16)32.65%
Revenue beat(2)1
Avg Revenue beat(2)0.97%
Min Revenue beat(2)-5.1%
Max Revenue beat(2)7.03%
Revenue beat(4)2
Avg Revenue beat(4)-2.66%
Min Revenue beat(4)-13.65%
Max Revenue beat(4)7.03%
Revenue beat(8)3
Avg Revenue beat(8)-3.47%
Revenue beat(12)5
Avg Revenue beat(12)-3.06%
Revenue beat(16)5
Avg Revenue beat(16)-3.78%
PT rev (1m)-1.71%
PT rev (3m)-17.48%
EPS NQ rev (1m)-11.57%
EPS NQ rev (3m)631.04%
EPS NY rev (1m)0%
EPS NY rev (3m)241.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.12%
Revenue NY rev (1m)1.4%
Revenue NY rev (3m)-12.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.58 | ||
| P/S | 0.14 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.29 | ||
| P/tB | 0.29 | ||
| EV/EBITDA | 13.06 |
EPS(TTM)-2.7
EYN/A
EPS(NY)1.4
Fwd EY11.65%
FCF(TTM)-39.92
FCFYN/A
OCF(TTM)-12.81
OCFYN/A
SpS87.52
BVpS41.35
TBVpS40.86
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.07% | ||
| ROE | -0.37% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 15.14% | ||
| FCFM | 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
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-30.67%
PM growth 5Y-35.43%
GM growth 3Y-1.09%
GM growth 5Y-5.77%
F-Score1
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 10.33 | ||
| Cap/Depr | 362.09% | ||
| Cap/Sales | 30.98% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 0.62 |
F-Score1
WACC3.89%
ROIC/WACCN/A
Cap/Depr(3y)379.19%
Cap/Depr(5y)289.93%
Cap/Sales(3y)19.88%
Cap/Sales(5y)15.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-193.75%
EPS 3Y-26.92%
EPS 5Y-28.29%
EPS Q2Q%-663.16%
EPS Next Y107.79%
EPS Next 2Y72.37%
EPS Next 3Y54.99%
EPS Next 5Y52.21%
Revenue 1Y (TTM)-19.06%
Revenue growth 3Y4.33%
Revenue growth 5Y13.37%
Sales Q2Q%-9.97%
Revenue Next Year3.2%
Revenue Next 2Y12.53%
Revenue Next 3Y12.21%
Revenue Next 5Y8.99%
EBIT growth 1Y-137.55%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year436.59%
EBIT Next 3Y96.51%
EBIT Next 5Y67.37%
FCF growth 1Y-227.73%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-229.32%
OCF growth 3YN/A
OCF growth 5YN/A