JA Solar Holdings Co ADR

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JASO : NASDAQ : Technology
$6.99 | %
Today's Range: 6.96 - 7.06
Avg. Daily Volume: 528,300
07/29/16 - 4:00 PM ET

Financial Analysis


JA SOLAR HOLDINGS CO LTD's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. JA SOLAR HOLDINGS CO LTD has weak liquidity. Currently, the Quick Ratio is 0.75 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.

During the same period, stockholders' equity ("net worth") has increased by 6.43% 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 FY16 Q1 FY15
Net Sales ($mil)538.11387.7
EBITDA ($mil)0.00.0
EBIT ($mil)34.6324.14
Net Income ($mil)24.35.73


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)513.36431.77
Total Assets ($mil)2718.412248.07
Total Debt ($mil)838.58690.92
Equity ($mil)926.9870.82


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin16.5816.09
EBITDA Margin0.00.0
Operating Margin6.446.23
Sales Turnover0.820.82
Return on Assets4.222.7
Return on Equity12.396.97
Debt Q1 FY16 Q1 FY15
Current Ratio1.291.44
Debt/Capital0.480.44
Interest Expense10.4310.74
Interest Coverage3.322.25


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)47.5750.46
Div / share0.00.0
EPS0.430.1
Book value / share19.4817.26
Institutional Own % n/a n/a
Avg Daily Volume534066.0513166.0

Valuation


HOLD. JA SOLAR HOLDINGS CO LTD's P/E ratio indicates a significant discount compared to an average of 35.97 for the Semiconductors & Semiconductor Equipment industry and a significant discount compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 0.36 indicates a significant discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 4.20. 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 3.59 Peers 35.97   JASO NA Peers 26.17

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 5.11 Peers 18.96   JASO 29.92 Peers 2.94

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

JASO is trading at a significant discount to its peers.

 

Premium. 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 trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
JASO 0.36 Peers 4.20   JASO 85.84 Peers -6.14

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.

 

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

JASO is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
JASO 0.15 Peers 4.88   JASO 21.50 Peers 4.47

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.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

JASO has a sales growth rate that significantly exceeds its peers.

 

 

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