JA Solar Holdings Co Ltd

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JASO : NASDAQ : Technology
$6.41 0.0 | 0.0%
Today's Range: 6.36 - 6.52
Avg. Daily Volume: 507700.0
06/28/17 - 3:59 PM ET

Financial Analysis


JA SOLAR HOLDINGS CO LTD's gross profit margin for the first quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. JA SOLAR HOLDINGS CO LTD has weak liquidity. Currently, the Quick Ratio is 0.64 which 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.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.41% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)536.44538.11
EBITDA ($mil)0.00.0
EBIT ($mil)11.6334.63
Net Income ($mil)1.1824.3


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)441.95513.36
Total Assets ($mil)2863.52718.41
Total Debt ($mil)892.48838.58
Equity ($mil)940.04926.9


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin11.7416.58
EBITDA Margin0.00.0
Operating Margin2.176.44
Sales Turnover0.790.82
Return on Assets2.634.22
Return on Equity8.0112.39
Debt Q1 FY17 Q1 FY16
Current Ratio1.081.29
Debt/Capital0.490.48
Interest Expense12.110.43
Interest Coverage0.963.32


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)47.5747.57
Div / share0.00.0
EPS0.020.43
Book value / share19.7619.48
Institutional Own % n/a n/a
Avg Daily Volume540642.0375297.0

Valuation


HOLD. JA SOLAR HOLDINGS CO LTD's P/E ratio indicates a significant discount compared to an average of 27.56 for the Semiconductors & Semiconductor Equipment industry and a significant discount compared to the S&P 500 average of 25.75. For additional comparison, its price-to-book ratio of 0.33 indicates a significant discount versus the S&P 500 average of 3.09 and a significant discount versus the industry average of 5.29. 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, JA SOLAR HOLDINGS CO LTD 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
JASO 3.82 Peers 27.56   JASO NA Peers 18.89

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

JASO is trading at a significant discount to its peers.

 

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

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
JASO 15.93 Peers 22.40   JASO NM Peers 1.23

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

JASO is trading at a significant premium to 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.

JASO's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
JASO 0.33 Peers 5.29   JASO -14.22 Peers 14.91

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.

JASO 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, JASO 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
JASO 0.14 Peers 5.19   JASO 1.18 Peers 24.62

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.

JASO 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.

JASO significantly trails its peers on the basis of sales growth

 

 

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