FIRST SOLAR INC (FSLR) Stock Fundamental Analysis
USA - NASDAQ:FSLR - US3364331070 - Common Stock
253.08 USD
-3.51 (-1.37%)
254.99 USD
+1.91 (+0.75%)
FSLR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. FSLR scores excellent on profitability, but there are some minor concerns on its financial health. FSLR is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, FSLR could be worth investigating further for value and growth investing!.
1. Profitability
1.1 Basic Checks
In the past year FSLR was profitable.
FSLR had a positive operating cash flow in the past year.
FSLR had positive earnings in 4 of the past 5 years.
In the past 5 years FSLR always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 10.41%, FSLR belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
With a decent Return On Equity value of 15.53%, FSLR is doing good in the industry, outperforming 79.46% of the companies in the same industry.
FSLR has a Return On Invested Capital of 11.26%. This is amongst the best in the industry. FSLR outperforms 84.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.41% | ||
| ROE | 15.53% | ||
| ROIC | 11.26% |
ROA(3y)6.05%
ROA(5y)6.01%
ROE(3y)9.29%
ROE(5y)8.59%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 27.73%, FSLR belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
In the last couple of years the Profit Margin of FSLR has grown nicely.
FSLR has a better Operating Margin (29.81%) than 90.18% of its industry peers.
FSLR's Operating Margin has improved in the last couple of years.
FSLR has a Gross Margin (40.05%) which is comparable to the rest of the industry.
FSLR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
FSLR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
FSLR has about the same amout of shares outstanding than it did 1 year ago.
FSLR has more shares outstanding than it did 5 years ago.
FSLR has a better debt/assets ratio than last year.
2.2 Solvency
FSLR has an Altman-Z score of 5.31. This indicates that FSLR is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 5.31, FSLR is doing good in the industry, outperforming 61.61% of the companies in the same industry.
FSLR 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.
With a decent Debt to FCF ratio value of 1.28, FSLR is doing good in the industry, outperforming 72.32% of the companies in the same industry.
FSLR has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
FSLR's Debt to Equity ratio of 0.06 is fine compared to the rest of the industry. FSLR outperforms 60.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 5.31 |
ROIC/WACC1.06
WACC10.67%
2.3 Liquidity
A Current Ratio of 1.91 indicates that FSLR should not have too much problems paying its short term obligations.
With a Current ratio value of 1.91, FSLR is not doing good in the industry: 73.21% of the companies in the same industry are doing better.
FSLR has a Quick Ratio of 1.55. This is a normal value and indicates that FSLR is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.55, FSLR is doing worse than 70.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.05% over the past year.
FSLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 52.90% yearly.
FSLR shows a strong growth in Revenue. In the last year, the Revenue has grown by 31.16%.
FSLR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.55% yearly.
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
FSLR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.29% yearly.
FSLR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.02% yearly.
EPS Next Y20.89%
EPS Next 2Y36.43%
EPS Next 3Y32.59%
EPS Next 5Y25.29%
Revenue Next Year23.08%
Revenue Next 2Y21.26%
Revenue Next 3Y18.94%
Revenue Next 5Y13.02%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.44, FSLR is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of FSLR indicates a rather cheap valuation: FSLR is cheaper than 86.61% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.89, FSLR is valued a bit cheaper.
FSLR is valuated reasonably with a Price/Forward Earnings ratio of 10.92.
FSLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FSLR is cheaper than 98.21% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, FSLR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 10.92 |
4.2 Price Multiples
84.82% of the companies in the same industry are more expensive than FSLR, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FSLR indicates a somewhat cheap valuation: FSLR is cheaper than 66.96% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.17 | ||
| EV/EBITDA | 12.7 |
4.3 Compensation for Growth
FSLR'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 FSLR may justify a higher PE ratio.
FSLR's earnings are expected to grow with 32.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.93
PEG (5Y)0.37
EPS Next 2Y36.43%
EPS Next 3Y32.59%
5. Dividend
5.1 Amount
No dividends for FSLR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
253.08
-3.51 (-1.37%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners106.4%
Inst Owner Change0.97%
Ins Owners5.34%
Ins Owner Change-24.05%
Market Cap27.14B
Revenue(TTM)5.05B
Net Income(TTM)1.40B
Analysts81.28
Price Target239.26 (-5.46%)
Short Float %8.31%
Short Ratio3.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)6.89%
PT rev (3m)12.11%
EPS NQ rev (1m)-8.46%
EPS NQ rev (3m)-10%
EPS NY rev (1m)-3.73%
EPS NY rev (3m)-1.57%
Revenue NQ rev (1m)-11.5%
Revenue NQ rev (3m)-12.22%
Revenue NY rev (1m)-2.45%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 10.92 | ||
| P/S | 5.37 | ||
| P/FCF | 44.17 | ||
| P/OCF | 16.69 | ||
| P/B | 3.01 | ||
| P/tB | 3.04 | ||
| EV/EBITDA | 12.7 |
EPS(TTM)13.02
EY5.14%
EPS(NY)23.17
Fwd EY9.16%
FCF(TTM)5.73
FCFY2.26%
OCF(TTM)15.16
OCFY5.99%
SpS47.09
BVpS84.06
TBVpS83.29
PEG (NY)0.93
PEG (5Y)0.37
Graham Number156.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.41% | ||
| ROE | 15.53% | ||
| ROCE | 14.52% | ||
| ROIC | 11.26% | ||
| ROICexc | 13.96% | ||
| ROICexgc | 14.09% | ||
| 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 Rank | Sector 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 | 5.31 |
F-Score5
WACC10.67%
ROIC/WACC1.06
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 Y20.89%
EPS Next 2Y36.43%
EPS Next 3Y32.59%
EPS Next 5Y25.29%
Revenue 1Y (TTM)31.16%
Revenue growth 3Y12.89%
Revenue growth 5Y6.55%
Sales Q2Q%79.67%
Revenue Next Year23.08%
Revenue Next 2Y21.26%
Revenue Next 3Y18.94%
Revenue Next 5Y13.02%
EBIT growth 1Y13.37%
EBIT growth 3Y46.92%
EBIT growth 5Y47.27%
EBIT Next Year50.42%
EBIT Next 3Y37.57%
EBIT Next 5Y26.64%
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 / FSLR FAQ
What is the fundamental rating for FSLR stock?
ChartMill assigns a fundamental rating of 6 / 10 to FSLR.
What is the valuation status of FIRST SOLAR INC (FSLR) stock?
ChartMill assigns a valuation rating of 8 / 10 to FIRST SOLAR INC (FSLR). This can be considered as Undervalued.
Can you provide the profitability details for FIRST SOLAR INC?
FIRST SOLAR INC (FSLR) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for FSLR stock?
The Price/Earnings (PE) ratio for FIRST SOLAR INC (FSLR) is 19.44 and the Price/Book (PB) ratio is 3.01.