FIRST SOLAR INC (F3A.DE) Fundamental Analysis & Valuation

FRA:F3A • US3364331070

Current stock price

172.84 EUR
-0.02 (-0.01%)
Last:

This F3A.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. F3A.DE Profitability Analysis

1.1 Basic Checks

  • In the past year F3A was profitable.
  • F3A had a positive operating cash flow in the past year.
  • Of the past 5 years F3A 4 years were profitable.
  • Each year in the past 5 years F3A had a positive operating cash flow.
F3A.DE Yearly Net Income VS EBIT VS OCF VS FCFF3A.DE 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 500M -500M 1B 1.5B 2B

1.2 Ratios

  • The Return On Assets of F3A (11.47%) is comparable to the rest of the industry.
  • F3A has a Return On Equity (16.02%) which is in line with its industry peers.
  • The Return On Invested Capital of F3A (10.16%) is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for F3A is significantly below the industry average of 14.50%.
  • The 3 year average ROIC (8.94%) for F3A is below the current ROIC(10.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 11.47%
ROE 16.02%
ROIC 10.16%
ROA(3y)10.05%
ROA(5y)7.19%
ROE(3y)14.88%
ROE(5y)10.35%
ROIC(3y)8.94%
ROIC(5y)N/A
F3A.DE Yearly ROA, ROE, ROICF3A.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 29.28%, F3A belongs to the best of the industry, outperforming 80.60% of the companies in the same industry.
  • F3A's Profit Margin has improved in the last couple of years.
  • F3A has a Operating Margin of 30.59%. This is in the better half of the industry: F3A outperforms 79.10% of its industry peers.
  • F3A's Operating Margin has improved in the last couple of years.
  • The Gross Margin of F3A (40.62%) is worse than 68.66% of its industry peers.
  • F3A's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 30.59%
PM (TTM) 29.28%
GM 40.62%
OM growth 3YN/A
OM growth 5Y20.72%
PM growth 3YN/A
PM growth 5Y14.79%
GM growth 3Y102.73%
GM growth 5Y10.1%
F3A.DE Yearly Profit, Operating, Gross MarginsF3A.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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7

2. F3A.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), F3A is destroying value.
  • Compared to 1 year ago, F3A has more shares outstanding
  • Compared to 5 years ago, F3A has more shares outstanding
  • Compared to 1 year ago, F3A has an improved debt to assets ratio.
F3A.DE Yearly Shares OutstandingF3A.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
F3A.DE Yearly Total Debt VS Total AssetsF3A.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • F3A has an Altman-Z score of 5.23. This indicates that F3A is financially healthy and has little risk of bankruptcy at the moment.
  • F3A has a Altman-Z score (5.23) which is comparable to the rest of the industry.
  • F3A has a debt to FCF ratio of 0.45. This is a very positive value and a sign of high solvency as it would only need 0.45 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 0.45, F3A belongs to the best of the industry, outperforming 80.60% of the companies in the same industry.
  • F3A has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • F3A has a Debt to Equity ratio of 0.03. This is amongst the best in the industry. F3A outperforms 86.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.45
Altman-Z 5.23
ROIC/WACC0.9
WACC11.34%
F3A.DE Yearly LT Debt VS Equity VS FCFF3A.DE 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 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 2.67 indicates that F3A has no problem at all paying its short term obligations.
  • F3A has a Current ratio of 2.67. This is in the better half of the industry: F3A outperforms 62.69% of its industry peers.
  • A Quick Ratio of 2.35 indicates that F3A has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 2.35, F3A is doing good in the industry, outperforming 74.63% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.67
Quick Ratio 2.35
F3A.DE Yearly Current Assets VS Current LiabilitesF3A.DE 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

6

3. F3A.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 14.14% over the past year.
  • Measured over the past years, F3A shows a very strong growth in Earnings Per Share. The EPS has been growing by 30.39% on average per year.
  • The Revenue has grown by 24.09% in the past year. This is a very strong growth!
  • F3A shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.00% yearly.
EPS 1Y (TTM)14.14%
EPS 3YN/A
EPS 5Y30.39%
EPS Q2Q%32.6%
Revenue 1Y (TTM)24.09%
Revenue growth 3Y25.84%
Revenue growth 5Y14%
Sales Q2Q%11.15%

3.2 Future

  • F3A is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.46% yearly.
  • The Revenue is expected to grow by 7.76% on average over the next years.
EPS Next Y30.85%
EPS Next 2Y30.85%
EPS Next 3Y27.32%
EPS Next 5Y15.46%
Revenue Next Year4.46%
Revenue Next 2Y9.71%
Revenue Next 3Y9.57%
Revenue Next 5Y7.76%

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 decreasing.
F3A.DE Yearly Revenue VS EstimatesF3A.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
F3A.DE Yearly EPS VS EstimatesF3A.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 10 20 30

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8

4. F3A.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.03, which indicates a correct valuation of F3A.
  • Based on the Price/Earnings ratio, F3A is valued cheaper than 94.03% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.11, F3A is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 10.72 indicates a reasonable valuation of F3A.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of F3A indicates a rather cheap valuation: F3A is cheaper than 94.03% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of F3A to the average of the S&P500 Index (24.12), we can say F3A is valued rather cheaply.
Industry RankSector Rank
PE 14.03
Fwd PE 10.72
F3A.DE Price Earnings VS Forward Price EarningsF3A.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of F3A indicates a rather cheap valuation: F3A is cheaper than 89.55% of the companies listed in the same industry.
  • F3A's Price/Free Cash Flow ratio is rather cheap when compared to the industry. F3A is cheaper than 89.55% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.01
EV/EBITDA 8.94
F3A.DE Per share dataF3A.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • F3A's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of F3A may justify a higher PE ratio.
  • A more expensive valuation may be justified as F3A's earnings are expected to grow with 27.32% in the coming years.
PEG (NY)0.45
PEG (5Y)0.46
EPS Next 2Y30.85%
EPS Next 3Y27.32%

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

0

5. F3A.DE Dividend Analysis

5.1 Amount

  • F3A does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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F3A.DE Fundamentals: All Metrics, Ratios and Statistics

FIRST SOLAR INC

FRA:F3A (3/17/2026, 7:00:00 PM)

172.84

-0.02 (-0.01%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-24
Earnings (Next)04-27
Inst Owners99.25%
Inst Owner ChangeN/A
Ins Owners5.3%
Ins Owner ChangeN/A
Market Cap18.55B
Revenue(TTM)5.22B
Net Income(TTM)1.53B
Analysts74.29
Price Target239.23 (38.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-5.1%
Min EPS beat(2)-7.93%
Max EPS beat(2)-2.26%
EPS beat(4)1
Avg EPS beat(4)-4.01%
Min EPS beat(4)-23.4%
Max EPS beat(4)17.54%
EPS beat(8)4
Avg EPS beat(8)-1.01%
EPS beat(12)7
Avg EPS beat(12)1.12%
EPS beat(16)9
Avg EPS beat(16)-21.81%
Revenue beat(2)2
Avg Revenue beat(2)2.87%
Min Revenue beat(2)0.18%
Max Revenue beat(2)5.57%
Revenue beat(4)3
Avg Revenue beat(4)2.2%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)5.57%
Revenue beat(8)6
Avg Revenue beat(8)0.89%
Revenue beat(12)7
Avg Revenue beat(12)-2.82%
Revenue beat(16)8
Avg Revenue beat(16)-5.66%
PT rev (1m)2.5%
PT rev (3m)1.83%
EPS NQ rev (1m)-32.19%
EPS NQ rev (3m)-34.1%
EPS NY rev (1m)-18.83%
EPS NY rev (3m)-19.16%
Revenue NQ rev (1m)-15.47%
Revenue NQ rev (3m)-17.25%
Revenue NY rev (1m)-13.08%
Revenue NY rev (3m)-13.88%
Valuation
Industry RankSector Rank
PE 14.03
Fwd PE 10.72
P/S 4.1
P/FCF 18.01
P/OCF 10.4
P/B 2.24
P/tB 2.26
EV/EBITDA 8.94
EPS(TTM)12.32
EY7.13%
EPS(NY)16.13
Fwd EY9.33%
FCF(TTM)9.59
FCFY5.55%
OCF(TTM)16.62
OCFY9.62%
SpS42.18
BVpS77.08
TBVpS76.42
PEG (NY)0.45
PEG (5Y)0.46
Graham Number146.17
Profitability
Industry RankSector Rank
ROA 11.47%
ROE 16.02%
ROCE 14.43%
ROIC 10.16%
ROICexc 13.69%
ROICexgc 13.83%
OM 30.59%
PM (TTM) 29.28%
GM 40.62%
FCFM 22.75%
ROA(3y)10.05%
ROA(5y)7.19%
ROE(3y)14.88%
ROE(5y)10.35%
ROIC(3y)8.94%
ROIC(5y)N/A
ROICexc(3y)11.51%
ROICexc(5y)N/A
ROICexgc(3y)11.64%
ROICexgc(5y)N/A
ROCE(3y)12.69%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y21.96%
ROICexc growth 3YN/A
ROICexc growth 5Y22.1%
OM growth 3YN/A
OM growth 5Y20.72%
PM growth 3YN/A
PM growth 5Y14.79%
GM growth 3Y102.73%
GM growth 5Y10.1%
F-Score7
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.45
Debt/EBITDA 0.15
Cap/Depr 164.37%
Cap/Sales 16.67%
Interest Coverage 250
Cash Conversion 96.76%
Profit Quality 77.69%
Current Ratio 2.67
Quick Ratio 2.35
Altman-Z 5.23
F-Score7
WACC11.34%
ROIC/WACC0.9
Cap/Depr(3y)324.99%
Cap/Depr(5y)303.58%
Cap/Sales(3y)31.58%
Cap/Sales(5y)29.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.14%
EPS 3YN/A
EPS 5Y30.39%
EPS Q2Q%32.6%
EPS Next Y30.85%
EPS Next 2Y30.85%
EPS Next 3Y27.32%
EPS Next 5Y15.46%
Revenue 1Y (TTM)24.09%
Revenue growth 3Y25.84%
Revenue growth 5Y14%
Sales Q2Q%11.15%
Revenue Next Year4.46%
Revenue Next 2Y9.71%
Revenue Next 3Y9.57%
Revenue Next 5Y7.76%
EBIT growth 1Y14.57%
EBIT growth 3YN/A
EBIT growth 5Y37.62%
EBIT Next Year56.59%
EBIT Next 3Y34.45%
EBIT Next 5Y18.19%
FCF growth 1Y485.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y68.89%
OCF growth 3Y33.05%
OCF growth 5Y123.24%

FIRST SOLAR INC / F3A.DE Fundamental Analysis FAQ

What is the fundamental rating for F3A stock?

ChartMill assigns a fundamental rating of 6 / 10 to F3A.DE.


Can you provide the valuation status for FIRST SOLAR INC?

ChartMill assigns a valuation rating of 8 / 10 to FIRST SOLAR INC (F3A.DE). This can be considered as Undervalued.


Can you provide the profitability details for FIRST SOLAR INC?

FIRST SOLAR INC (F3A.DE) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for F3A stock?

The Price/Earnings (PE) ratio for FIRST SOLAR INC (F3A.DE) is 14.03 and the Price/Book (PB) ratio is 2.24.