CANADIAN SOLAR INC (CSIQ) Stock Fundamental Analysis
NASDAQ:CSIQ - Nasdaq - CA1366351098 - Common Stock - Currency: USD
We assign a fundamental rating of 2 out of 10 to CSIQ. CSIQ was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. CSIQ may be in some trouble as it scores bad on both profitability and health. CSIQ has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CSIQ had negative earnings in the past year.
CSIQ had a negative operating cash flow in the past year.
CSIQ had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: CSIQ reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of CSIQ (-0.07%) is comparable to the rest of the industry.
CSIQ's Return On Equity of -0.37% is in line compared to the rest of the industry. CSIQ outperforms 41.82% 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.
The Profit Margin and Operating Margin are not available for CSIQ so they could not be analyzed.
| 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.
CSIQ has more shares outstanding than it did 1 year ago.
CSIQ has more shares outstanding than it did 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 0.63, we must say that CSIQ is in the distress zone and 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 72.73% 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.
Looking at the Debt to Equity ratio, with a value of 1.37, CSIQ is doing worse than 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.63 |
ROIC/WACCN/A
WACC3.96%
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.
With a Current ratio value of 1.07, CSIQ is not doing good in the industry: 91.82% of the companies in the same industry are doing better.
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.
CSIQ has a worse Quick ratio (0.80) than 92.73% 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.
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 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
The Earnings Per Share is expected to grow by 52.21% on average over the next years. This is a very strong growth
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 2Y11.52%
Revenue Next 3Y10.64%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for CSIQ. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 9.19, the valuation of CSIQ can be described as reasonable.
Based on the Price/Forward Earnings ratio, CSIQ is valued cheaply inside the industry as 99.09% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CSIQ to the average of the S&P500 Index (35.19), we can say CSIQ is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.19 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CSIQ indicates a rather cheap valuation: CSIQ is cheaper than 80.91% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.18 |
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.
A more expensive valuation may be justified as CSIQ's earnings are expected to grow with 54.99% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y72.37%
EPS Next 3Y54.99%
5. Dividend
5.1 Amount
No dividends for CSIQ!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:CSIQ (7/14/2025, 10:26:03 AM)
12.85
+0.14 (+1.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners48.83%
Inst Owner Change0%
Ins Owners21.18%
Ins Owner ChangeN/A
Market Cap860.56M
Analysts71.76
Price Target13.26 (3.19%)
Short Float %17.26%
Short Ratio4.95
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)-1.68%
PT rev (3m)-17.26%
EPS NQ rev (1m)10.72%
EPS NQ rev (3m)700.52%
EPS NY rev (1m)143.54%
EPS NY rev (3m)165.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.12%
Revenue NY rev (1m)1.4%
Revenue NY rev (3m)-13.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.19 | ||
| P/S | 0.15 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.31 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | 13.18 |
EPS(TTM)-2.7
EYN/A
EPS(NY)1.4
Fwd EY10.88%
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 | 0.63 |
F-Score1
WACC3.96%
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 2Y11.52%
Revenue Next 3Y10.64%
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