First Solar Statistics
Total Valuation
First Solar has a market cap or net worth of $23.20 billion. The enterprise value is $21.83 billion.
| Market Cap | 23.20B |
| Enterprise Value | 21.83B |
Important Dates
The next estimated earnings date is Thursday, July 25, 2024, after market close.
| Earnings Date | Jul 25, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
First Solar has 107.04 million shares outstanding. The number of shares has increased by 0.24% in one year.
| Shares Outstanding | 107.04M |
| Shares Change (YoY) | +0.24% |
| Shares Change (QoQ) | -0.10% |
| Owned by Insiders (%) | 5.67% |
| Owned by Institutions (%) | 92.34% |
| Float | 100.94M |
Valuation Ratios
The trailing PE ratio is 22.72 and the forward PE ratio is 14.27. First Solar's PEG ratio is 0.41.
| PE Ratio | 22.72 |
| Forward PE | 14.27 |
| PS Ratio | 6.51 |
| Forward PS | 4.80 |
| PB Ratio | 3.36 |
| P/FCF Ratio | n/a |
| PEG Ratio | 0.41 |
Enterprise Valuation
| EV / Earnings | 21.30 |
| EV / Sales | 6.12 |
| EV / EBITDA | 14.93 |
| EV / EBIT | 19.27 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 2.41, with a Debt / Equity ratio of 0.09.
| Current Ratio | 2.41 |
| Quick Ratio | 1.51 |
| Debt / Equity | 0.09 |
| Debt / EBITDA | 0.42 |
| Debt / FCF | n/a |
| Interest Coverage | 52.86 |
Financial Efficiency
Return on equity (ROE) is 15.80% and return on invested capital (ROIC) is 13.17%.
| Return on Equity (ROE) | 15.80% |
| Return on Assets (ROA) | 10.30% |
| Return on Capital (ROIC) | 13.17% |
| Revenue Per Employee | $532,004 |
| Profits Per Employee | $152,960 |
| Employee Count | 6,700 |
| Asset Turnover | 0.36 |
| Inventory Turnover | 1.81 |
Taxes
In the past 12 months, First Solar has paid $86.30 million in taxes.
| Income Tax | 86.30M |
| Effective Tax Rate | 7.77% |
Stock Price Statistics
The stock price has increased by +13.24% in the last 52 weeks. The beta is 1.48, so First Solar's price volatility has been higher than the market average.
| Beta (5Y) | 1.48 |
| 52-Week Price Change | +13.24% |
| 50-Day Moving Average | 230.58 |
| 200-Day Moving Average | 175.01 |
| Relative Strength Index (RSI) | 33.18 |
| Average Volume (20 Days) | 3,168,043 |
Short Selling Information
The latest short interest is 5.59 million, so 5.22% of the outstanding shares have been sold short.
| Short Interest | 5.59M |
| Short Previous Month | 5.63M |
| Short % of Shares Out | 5.22% |
| Short % of Float | 5.53% |
| Short Ratio (days to cover) | 1.44 |
Income Statement
In the last 12 months, First Solar had revenue of $3.56 billion and earned $1.02 billion in profits. Earnings per share was $9.54.
| Revenue | 3.56B |
| Gross Profit | 1.53B |
| Operating Income | 1.07B |
| Pretax Income | 1.11B |
| Net Income | 1.02B |
| EBITDA | 1.46B |
| EBIT | 1.13B |
| Earnings Per Share (EPS) | $9.54 |
Balance Sheet
The company has $1.99 billion in cash and $619.60 million in debt, giving a net cash position of $1.37 billion or $12.80 per share.
| Cash & Cash Equivalents | 1.99B |
| Total Debt | 619.60M |
| Net Cash | 1.37B |
| Net Cash Per Share | $12.80 |
| Equity (Book Value) | 6.90B |
| Book Value Per Share | 64.48 |
| Working Capital | 2.48B |
Cash Flow
In the last 12 months, operating cash flow was $904.58 million and capital expenditures -$1.43 billion, giving a free cash flow of -$524.69 million.
| Operating Cash Flow | 904.58M |
| Capital Expenditures | -1.43B |
| Free Cash Flow | -524.69M |
| FCF Per Share | -$4.91 |
Margins
Gross margin is 43.05%, with operating and profit margins of 30.14% and 28.75%.
| Gross Margin | 43.05% |
| Operating Margin | 30.14% |
| Pretax Margin | 31.17% |
| Profit Margin | 28.75% |
| EBITDA Margin | 41.02% |
| EBIT Margin | 31.77% |
| FCF Margin | -14.72% |
Dividends & Yields
First Solar does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | n/a |
| Buyback Yield | -0.24% |
| Shareholder Yield | -0.24% |
| Earnings Yield | 4.42% |
| FCF Yield | -2.26% |
Analyst Forecast
The average price target for First Solar is $268.13, which is 23.72% higher than the current price. The consensus rating is "Buy".
| Price Target | $268.13 |
| Price Target Difference | 23.72% |
| Analyst Consensus | Buy |
| Analyst Count | 26 |
| Revenue Growth Forecast (5Y) | 18.55% |
| EPS Growth Forecast (5Y) | 35.00% |
Stock Splits
This stock does not have any record of stock splits.
| Last Split Date | n/a |
| Split Type | n/a |
| Split Ratio | n/a |
Scores
First Solar has an Altman Z-Score of 5.11 and a Piotroski F-Score of 5.
| Altman Z-Score | 5.11 |
| Piotroski F-Score | 5 |