Canadian Solar Inc

Find Ratings Reports
CSIQ : NASDAQ : Technology
$13.645 up 0.34 | 2.6%
Today's Range: 13.333 - 13.81
Avg. Daily Volume: 1237200.0
05/25/17 - 11:33 AM ET

Financial Analysis


CANADIAN SOLAR INC's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its industry. CANADIAN SOLAR INC has very weak liquidity. Currently, the Quick Ratio is 0.40 which clearly shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 8.02% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)668.431120.28
EBITDA ($mil)-40.59130.61
EBIT ($mil)-59.84105.88
Net Income ($mil)-13.3362.3


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)998.561087.79
Total Assets ($mil)5406.614417.25
Total Debt ($mil)2687.372413.73
Equity ($mil)884.68818.97


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin10.220.1
EBITDA Margin-6.0711.65
Operating Margin-8.959.45
Sales Turnover0.530.79
Return on Assets1.23.89
Return on Equity7.3720.98
Debt Q4 FY16 Q4 FY15
Current Ratio1.020.85
Debt/Capital0.750.75
Interest Expense22.917.07
Interest Coverage-2.616.2


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)57.8355.97
Div / share0.00.0
EPS-0.231.05
Book value / share15.314.63
Institutional Own % n/a n/a
Avg Daily Volume1340439.01266494.0

Valuation


HOLD. CANADIAN SOLAR INC's P/E ratio indicates a significant discount compared to an average of 27.49 for the Semiconductors & Semiconductor Equipment industry and a significant discount compared to the S&P 500 average of 25.02. For additional comparison, its price-to-book ratio of 0.82 indicates a significant discount versus the S&P 500 average of 3.00 and a significant discount versus the industry average of 4.91. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, CANADIAN SOLAR INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CSIQ 11.29 Peers 27.49   CSIQ NM Peers 17.49

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

CSIQ is trading at a significant discount to its peers.

 

Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

CSIQ's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CSIQ 7.44 Peers 20.43   CSIQ 0.22 Peers 1.12

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

CSIQ is trading at a significant discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

CSIQ trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CSIQ 0.82 Peers 4.91   CSIQ -62.12 Peers 8.74

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

CSIQ is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, CSIQ is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CSIQ 0.25 Peers 4.89   CSIQ -17.73 Peers 27.09

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

CSIQ is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

CSIQ significantly trails its peers on the basis of sales growth

 

 

Latest Stock Upgrades/Downgrades