First Solar, Inc. (FSLR)

NASDAQ: FSLR · IEX Real-Time Price · USD
168.80
+1.35 (0.81%)
At close: Mar 28, 2024, 4:00 PM
168.71
-0.09 (-0.05%)
After-hours: Mar 28, 2024, 7:58 PM EDT

Total Valuation

First Solar has a market cap or net worth of $18.11 billion. The enterprise value is $16.57 billion.

Market Cap 18.11B
Enterprise Value 16.57B

Important Dates

The last earnings date was Tuesday, February 28, 2023, after market close.

Earnings Date Feb 28, 2023
Ex-Dividend Date n/a

Share Statistics

First Solar has 106.85 million shares outstanding. The number of shares has increased by 0.77% in one year.

Shares Outstanding 106.85M
Shares Change (YoY) +0.77%
Shares Change (QoQ) +0.01%
Owned by Insiders (%) 5.73%
Owned by Institutions (%) 92.12%
Float 100.59M

Valuation Ratios

The trailing PE ratio is 21.81 and the forward PE ratio is 12.22. First Solar's PEG ratio is 0.37.

PE Ratio 21.81
Forward PE 12.22
PS Ratio 5.46
Forward PS 3.94
PB Ratio 2.71
P/FCF Ratio n/a
PEG Ratio 0.37
Financial Ratio History

Enterprise Valuation

EV / Earnings 19.95
EV / Sales 4.99
EV / EBITDA 13.67
EV / EBIT 18.33
EV / FCF n/a

Financial Position

The company has a current ratio of 3.55, with a Debt / Equity ratio of 0.08.

Current Ratio 3.55
Quick Ratio 2.12
Debt / Equity 0.08
Debt / EBITDA 0.46
Debt / FCF n/a
Interest Coverage 69.75

Financial Efficiency

Return on equity (ROE) is 13.30% and return on invested capital (ROIC) is 10.94%.

Return on Equity (ROE) 13.30%
Return on Assets (ROA) 8.90%
Return on Capital (ROIC) 10.94%
Revenue Per Employee $495,314
Profits Per Employee $123,997
Employee Count 6,700
Asset Turnover 0.35
Inventory Turnover 2.05

Taxes

In the past 12 months, First Solar has paid $60.51 million in taxes.

Income Tax 60.51M
Effective Tax Rate 6.79%

Stock Price Statistics

The stock price has decreased by -19.62% in the last 52 weeks. The beta is 1.41, so First Solar's price volatility has been higher than the market average.

Beta (1Y) 1.41
52-Week Price Change -19.62%
50-Day Moving Average 151.85
200-Day Moving Average 166.00
Relative Strength Index (RSI) 66.61
Average Volume (30 Days) 2,066,498

Short Selling Information

The latest short interest is 4.78 million, so 4.48% of the outstanding shares have been sold short.

Short Interest 4.78M
Short Previous Month 5.86M
Short % of Shares Out 4.48%
Short % of Float 4.76%
Short Ratio (days to cover) 1.96

Income Statement

In the last 12 months, First Solar had revenue of $3.32 billion and earned $830.78 million in profits. Earnings per share was $7.74.

Revenue 3.32B
Gross Profit 1.30B
Operating Income 850.38M
Pretax Income 891.29M
Net Income 830.78M
EBITDA 1.21B
EBIT 904.26M
Earnings Per Share (EPS) $7.74
Full Income Statement

Balance Sheet

The company has $2.10 billion in cash and $560.31 million in debt, giving a net cash position of $1.54 billion or $14.43 per share.

Cash & Cash Equivalents 2.10B
Total Debt 560.31M
Net Cash 1.54B
Net Cash Per Share $14.43
Equity / Book Value 6.69B
Book Value Per Share 62.59
Working Capital 3.33B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $602.26 million and capital expenditures -$1.39 billion, giving a free cash flow of -$784.52 million.

Operating Cash Flow 602.26M
Capital Expenditures -1.39B
Free Cash Flow -784.52M
FCF Per Share -$7.35
Full Cash Flow Statement

Margins

Gross margin is 39.19%, with operating and profit margins of 25.62% and 25.03%.

Gross Margin 39.19%
Operating Margin 25.62%
Pretax Margin 26.86%
Profit Margin 25.03%
EBITDA Margin 36.53%
EBIT Margin 27.25%
FCF Margin -23.64%

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 -0.77%
Shareholder Yield -0.77%
Earnings Yield 4.59%
FCF Yield -4.33%
Dividend Details

Analyst Forecast

The average price target for First Solar is $230.26, which is 36.41% higher than the current price. The consensus rating is "Buy".

Price Target $230.26
Price Target Difference 36.41%
Analyst Consensus Buy
Analyst Count 24
Revenue Growth Forecast (5Y) 18.19%
EPS Growth Forecast (5Y) 38.26%
Stock Forecasts

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 4.48 and a Piotroski F-Score of 5.

Altman Z-Score 4.48
Piotroski F-Score 5