JinkoSolar Holding Company Limited American Depositary Shares (each representing 4)
Find Ratings ReportsJINKOSOLAR HOLDING CO's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. JINKOSOLAR HOLDING CO 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.
During the same period, stockholders' equity ("net worth") has increased by 20.01% 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.
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 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 4971.95 | 4584.15 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 83.25 | 120.06 |
Net Income ($mil) | 17.75 | 96.22 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3899.82 | 2946.24 |
Total Assets ($mil) | 19156.41 | 15754.6 |
Total Debt ($mil) | 8009.76 | 6927.5 |
Equity ($mil) | 2842.67 | 2368.69 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 12.8 | 14.09 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 1.67 | 2.62 |
Sales Turnover | 0.87 | 0.77 |
Return on Assets | 2.53 | 0.57 |
Return on Equity | 17.1 | 3.8 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.04 | 1.05 |
Debt/Capital | 0.74 | 0.75 |
Interest Expense | 30.64 | 17.87 |
Interest Coverage | 2.72 | 6.72 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 52.14 | 47.71 |
Div / share | 1.5 | 0.0 |
EPS | 0.08 | 0.85 |
Book value / share | 54.52 | 49.65 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 917288.0 | 1070159.0 |
HOLD. JINKOSOLAR HOLDING CO's P/E ratio indicates a significant discount compared to an average of 53.12 for the Computer and Electronic Product Manufacturing subsector and a significant discount compared to the S&P 500 average of 28.36. For additional comparison, its price-to-book ratio of 0.46 indicates a significant discount versus the S&P 500 average of 4.75 and a significant discount versus the subsector average of 24.51. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, JINKOSOLAR HOLDING CO proves to trade at a discount to investment alternatives.
Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
JKS 3.17 | Peers 53.12 | JKS NA | Peers 44.85 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. JKS 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 |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
JKS 4.22 | Peers 26.38 | JKS 0.10 | Peers 2.00 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. JKS 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. JKS trades at a significant discount to its peers. |
|||||||||||||||||||||||
Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
JKS 0.46 | Peers 24.51 | JKS 19725.00 | Peers 126.18 | |||||||||||||||||||||
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. JKS 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. JKS is expected to have an earnings growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||
Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
JKS 0.08 | Peers 14.55 | JKS 38.87 | Peers 27.83 | |||||||||||||||||||||
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. JKS is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. JKS has a sales growth rate that significantly exceeds its peers. |
|||||||||||||||||||||||