FIRST SOLAR INC (F3A.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:F3A • US3364331070

185.76 EUR
-13.24 (-6.65%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall F3A gets a fundamental rating of 5 out of 10. We evaluated F3A against 63 industry peers in the Semiconductors & Semiconductor Equipment industry. F3A has only an average score on both its financial health and profitability. An interesting combination arises when we look at growth and value: F3A is growing strongly while it also seems undervalued. These ratings could make F3A a good candidate for value and growth investing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

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.
  • In the past 5 years F3A always reported a positive cash flow from operatings.
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 0 500M -500M 1B

1.2 Ratios

  • F3A has a Return On Assets (10.41%) which is in line with its industry peers.
  • With a Return On Equity value of 15.53%, F3A perfoms like the industry average, outperforming 50.79% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 10.04%, F3A is in line with its industry, outperforming 52.38% of the companies in the same industry.
Industry RankSector Rank
ROA 10.41%
ROE 15.53%
ROIC 10.04%
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
ROIC(3y)N/A
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 0 5 -5 10 15

1.3 Margins

  • F3A's Profit Margin of 27.73% is fine compared to the rest of the industry. F3A outperforms 74.60% of its industry peers.
  • In the last couple of years the Profit Margin of F3A has grown nicely.
  • Looking at the Operating Margin, with a value of 29.81%, F3A is in the better half of the industry, outperforming 69.84% of the companies in the same industry.
  • In the last couple of years the Operating Margin of F3A has grown nicely.
  • The Gross Margin of F3A (40.05%) is worse than 69.84% of its industry peers.
  • F3A's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 29.81%
PM (TTM) 27.73%
GM 40.05%
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
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 0 10 -10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), F3A is destroying value.
  • The number of shares outstanding for F3A remains at a similar level compared to 1 year ago.
  • F3A has more shares outstanding than it did 5 years ago.
  • 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 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 2B 4B 6B 8B 10B

2.2 Solvency

  • F3A has an Altman-Z score of 5.05. This indicates that F3A is financially healthy and has little risk of bankruptcy at the moment.
  • F3A's Altman-Z score of 5.05 is in line compared to the rest of the industry. F3A outperforms 50.79% of its industry peers.
  • F3A has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
  • F3A has a better Debt to FCF ratio (1.28) than 63.49% of its industry peers.
  • F3A has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of F3A (0.06) is better than 82.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.28
Altman-Z 5.05
ROIC/WACC0.93
WACC10.82%
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 0 2B 4B 6B

2.3 Liquidity

  • F3A has a Current Ratio of 1.91. This is a normal value and indicates that F3A is financially healthy and should not expect problems in meeting its short term obligations.
  • F3A has a worse Current ratio (1.91) than 76.19% of its industry peers.
  • A Quick Ratio of 1.55 indicates that F3A should not have too much problems paying its short term obligations.
  • The Quick ratio of F3A (1.55) is worse than 74.60% of its industry peers.
Industry RankSector Rank
Current Ratio 1.91
Quick Ratio 1.55
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 1B 2B 3B 4B 5B

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

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 8.05% 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 52.90% on average per year.
  • The Revenue has grown by 31.16% in the past year. This is a very strong growth!
  • The Revenue has been growing slightly by 6.55% on average over the past years.
EPS 1Y (TTM)8.05%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%26.57%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%

3.2 Future

  • F3A is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.14% yearly.
  • F3A is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.30% yearly.
EPS Next Y19.73%
EPS Next 2Y35.69%
EPS Next 3Y32.43%
EPS Next 5Y25.14%
Revenue Next Year21.79%
Revenue Next 2Y21.13%
Revenue Next 3Y18.71%
Revenue Next 5Y13.3%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 16.83, the valuation of F3A can be described as correct.
  • F3A's Price/Earnings ratio is rather cheap when compared to the industry. F3A is cheaper than 84.13% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of F3A to the average of the S&P500 Index (27.92), we can say F3A is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 9.56, which indicates a very decent valuation of F3A.
  • F3A's Price/Forward Earnings ratio is rather cheap when compared to the industry. F3A is cheaper than 92.06% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. F3A is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 16.83
Fwd PE 9.56
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 50

4.2 Price Multiples

  • F3A's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. F3A is cheaper than 74.60% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of F3A indicates a somewhat cheap valuation: F3A is cheaper than 74.60% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 38.27
EV/EBITDA 11.74
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.
  • F3A's earnings are expected to grow with 32.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.85
PEG (5Y)0.32
EPS Next 2Y35.69%
EPS Next 3Y32.43%

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

0

5. Dividend

5.1 Amount

  • No dividends for F3A!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

FIRST SOLAR INC

FRA:F3A (2/6/2026, 7:00:00 PM)

185.76

-13.24 (-6.65%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-30
Earnings (Next)02-24
Inst Owners104.86%
Inst Owner ChangeN/A
Ins Owners5.3%
Ins Owner ChangeN/A
Market Cap19.93B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts80.43
Price Target247.63 (33.31%)
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)1
Avg EPS beat(2)7.64%
Min EPS beat(2)-2.26%
Max EPS beat(2)17.54%
EPS beat(4)1
Avg EPS beat(4)-8%
Min EPS beat(4)-23.86%
Max EPS beat(4)17.54%
EPS beat(8)5
Avg EPS beat(8)0.2%
EPS beat(12)8
Avg EPS beat(12)6.46%
EPS beat(16)10
Avg EPS beat(16)-20.46%
Revenue beat(2)2
Avg Revenue beat(2)2.29%
Min Revenue beat(2)0.18%
Max Revenue beat(2)4.39%
Revenue beat(4)3
Avg Revenue beat(4)1.11%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)4.39%
Revenue beat(8)5
Avg Revenue beat(8)-1.53%
Revenue beat(12)6
Avg Revenue beat(12)-3.33%
Revenue beat(16)7
Avg Revenue beat(16)-6.2%
PT rev (1m)5.48%
PT rev (3m)29.11%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-8.69%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-3.97%
Revenue NQ rev (1m)-0.5%
Revenue NQ rev (3m)-12.45%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-3.24%
Valuation
Industry RankSector Rank
PE 16.83
Fwd PE 9.56
P/S 4.66
P/FCF 38.27
P/OCF 14.46
P/B 2.61
P/tB 2.63
EV/EBITDA 11.74
EPS(TTM)11.04
EY5.94%
EPS(NY)19.43
Fwd EY10.46%
FCF(TTM)4.85
FCFY2.61%
OCF(TTM)12.84
OCFY6.91%
SpS39.89
BVpS71.21
TBVpS70.56
PEG (NY)0.85
PEG (5Y)0.32
Graham Number133
Profitability
Industry RankSector Rank
ROA 10.41%
ROE 15.53%
ROCE 14.52%
ROIC 10.04%
ROICexc 12.44%
ROICexgc 12.56%
OM 29.81%
PM (TTM) 27.73%
GM 40.05%
FCFM 12.17%
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
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 3Y23.05%
ROICexgc growth 5Y27.37%
ROICexc growth 3Y23.15%
ROICexc growth 5Y27.62%
OM growth 3Y30.14%
OM growth 5Y38.22%
PM growth 3Y24.2%
PM growth 5YN/A
GM growth 3Y20.94%
GM growth 5Y19.76%
F-Score5
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.28
Debt/EBITDA 0.25
Cap/Depr 197.21%
Cap/Sales 20.03%
Interest Coverage 250
Cash Conversion 80.56%
Profit Quality 43.88%
Current Ratio 1.91
Quick Ratio 1.55
Altman-Z 5.05
F-Score5
WACC10.82%
ROIC/WACC0.93
Cap/Depr(3y)381.88%
Cap/Depr(5y)306.48%
Cap/Sales(3y)37.52%
Cap/Sales(5y)29.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.05%
EPS 3Y56.95%
EPS 5Y52.9%
EPS Q2Q%26.57%
EPS Next Y19.73%
EPS Next 2Y35.69%
EPS Next 3Y32.43%
EPS Next 5Y25.14%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year21.79%
Revenue Next 2Y21.13%
Revenue Next 3Y18.71%
Revenue Next 5Y13.3%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year43.7%
EBIT Next 3Y37.73%
EBIT Next 5Y26.95%
FCF growth 1Y215.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y94.43%
OCF growth 3Y72.43%
OCF growth 5Y47.54%

FIRST SOLAR INC / F3A.DE FAQ

What is the fundamental rating for F3A stock?

ChartMill assigns a fundamental rating of 5 / 10 to F3A.DE.


Can you provide the valuation status for FIRST SOLAR INC?

ChartMill assigns a valuation rating of 7 / 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 5 / 10.


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

The Price/Earnings (PE) ratio for FIRST SOLAR INC (F3A.DE) is 16.83 and the Price/Book (PB) ratio is 2.61.