JINKOSOLAR HOLDING CO-ADR (JKS)
US47759T1007 - ADR
We assign a fundamental rating of 4 out of 10 to JKS. JKS was compared to 107 industry peers in the Semiconductors & Semiconductor Equipment industry. There are concerns on the financial health of JKS while its profitability can be described as average. JKS is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year JKS was profitable.
In the past 5 years JKS has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: JKS reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of JKS (2.54%) is comparable to the rest of the industry.
JKS has a better Return On Equity (17.10%) than 78.30% of its industry peers.
JKS's Return On Invested Capital of 6.28% is fine compared to the rest of the industry. JKS outperforms 60.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years for JKS is significantly below the industry average of 11.07%.
The 3 year average ROIC (3.11%) for JKS is below the current ROIC(6.28%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.54% | ||
| ROE | 17.1% | ||
| ROIC | 6.28% |
ROA(3y)1.38%
ROA(5y)1.29%
ROE(3y)9.23%
ROE(5y)7.93%
ROIC(3y)3.11%
ROIC(5y)3.95%
1.3 Margins
JKS has a Profit Margin (2.90%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of JKS has grown nicely.
Looking at the Operating Margin, with a value of 5.67%, JKS is in line with its industry, outperforming 50.00% of the companies in the same industry.
JKS's Operating Margin has improved in the last couple of years.
The Gross Margin of JKS (16.05%) is worse than 85.85% of its industry peers.
In the last couple of years the Gross Margin of JKS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.67% | ||
| PM (TTM) | 2.9% | ||
| GM | 16.05% |
OM growth 3Y1.62%
OM growth 5Y16.57%
PM growth 3Y64.32%
PM growth 5Y12.37%
GM growth 3Y-2.97%
GM growth 5Y2.72%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), JKS is creating some value.
The number of shares outstanding for JKS has been increased compared to 1 year ago.
Compared to 5 years ago, JKS has more shares outstanding
JKS has a better debt/assets ratio than last year.
2.2 Solvency
JKS has an Altman-Z score of 1.20. This is a bad value and indicates that JKS is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of JKS (1.20) is worse than 73.58% of its industry peers.
JKS has a Debt/Equity ratio of 2.30. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.30, JKS is doing worse than 90.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.3 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.2 |
ROIC/WACC1.61
WACC3.91%
2.3 Liquidity
JKS has a Current Ratio of 1.04. This is a normal value and indicates that JKS is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.04, JKS is not doing good in the industry: 90.57% of the companies in the same industry are doing better.
A Quick Ratio of 0.81 indicates that JKS may have some problems paying its short term obligations.
With a Quick ratio value of 0.81, JKS is not doing good in the industry: 88.68% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 1345.53% over the past year.
The Earnings Per Share has been growing by 56.68% on average over the past years. This is a very strong growth
Looking at the last year, JKS shows a very strong growth in Revenue. The Revenue has grown by 20.74%.
The Revenue has been growing by 36.50% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)1345.53%
EPS 3Y50.74%
EPS 5Y56.68%
EPS growth Q2Q47.56%
Revenue 1Y (TTM)20.74%
Revenue growth 3Y50.05%
Revenue growth 5Y36.5%
Revenue growth Q2Q7.98%
3.2 Future
The Earnings Per Share is expected to grow by 18.84% on average over the next years. This is quite good.
JKS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.13% yearly.
EPS Next Y-54.43%
EPS Next 2Y-11.24%
EPS Next 3Y-0.94%
EPS Next 5Y18.84%
Revenue Next Year2.73%
Revenue Next 2Y11.85%
Revenue Next 3Y12.52%
Revenue Next 5Y13.13%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 2.08, the valuation of JKS can be described as very cheap.
Based on the Price/Earnings ratio, JKS is valued cheaper than 99.06% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.76, JKS is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 4.57, the valuation of JKS can be described as very cheap.
Based on the Price/Forward Earnings ratio, JKS is valued cheaply inside the industry as 99.06% of the companies are valued more expensively.
JKS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.08 | ||
| Fwd PE | 4.57 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.04
EPS Next 2Y-11.24%
EPS Next 3Y-0.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.17%, JKS is a good candidate for dividend investing.
In the last 3 months the price of JKS has falen by -21.94%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
JKS's Dividend Yield is rather good when compared to the industry average which is at 1.95. JKS pays more dividend than 99.06% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, JKS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
5.2 History
JKS does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y-11.24%
EPS Next 3Y-0.94%
JINKOSOLAR HOLDING CO-ADR
NYSE:JKS (4/19/2024, 7:04:00 PM)
After market: 21.56 0 (0%)21.56
-0.1 (-0.46%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.11B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.08 | ||
| Fwd PE | 4.57 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.54% | ||
| ROE | 17.1% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.67% | ||
| PM (TTM) | 2.9% | ||
| GM | 16.05% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.3 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)1345.53%
EPS 3Y50.74%
EPS 5Y
EPS growth Q2Q
EPS Next Y-54.43%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)20.74%
Revenue growth 3Y50.05%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y