First Solar Inc

Find Ratings Reports
FSLR : NASDAQ : Technology
$47.77 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 2492500.0
08/17/17 - 4:00 PM ET

Financial Analysis


FIRST SOLAR INC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased. FIRST SOLAR INC is extremely liquid. Currently, the Quick Ratio is 5.72 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 8.84% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties 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 Q2 FY17 Q2 FY16
Net Sales ($mil)623.331016.42
EBITDA ($mil)61.01141.99
EBIT ($mil)32.2185.29
Net Income ($mil)51.96-11.42


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)2245.981707.95
Total Assets ($mil)6680.297544.02
Total Debt ($mil)426.95272.85
Equity ($mil)5291.315804.65


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin22.4123.49
EBITDA Margin9.7813.96
Operating Margin5.178.39
Sales Turnover0.40.54
Return on Assets-7.199.24
Return on Equity-9.0812.01
Debt Q2 FY17 Q2 FY16
Current Ratio6.823.23
Debt/Capital0.070.04
Interest Expense6.598.47
Interest Coverage4.8910.06


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)104.4102.35
Div / share0.00.0
EPS0.5-0.11
Book value / share50.6956.71
Institutional Own % n/a n/a
Avg Daily Volume2626653.03941025.0

Valuation


HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.92 indicates a significant discount versus the S&P 500 average of 3.03 and a significant discount versus the industry average of 5.26. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. After reviewing these and other key valuation criteria, FIRST 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
FSLR NM Peers 32.34   FSLR 8.75 Peers 18.74

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

FSLR's P/E is negative making this valuation measure meaningless.

 

Discount. 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.

FSLR is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
FSLR 37.25 Peers 21.20   FSLR NA Peers 1.19

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

FSLR is trading at a valuation on par with its peers.

 

Neutral. 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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FSLR 0.92 Peers 5.26   FSLR -167.79 Peers 51.58

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.

FSLR 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, FSLR 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
FSLR 1.82 Peers 5.04   FSLR -34.65 Peers 26.68

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.

FSLR 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.

FSLR significantly trails its peers on the basis of sales growth

 

 

Latest Stock Upgrades/Downgrades