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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.40
CSIQ's Cash to Debt is ranked lower than
51% of the 1124 Companies
in the Global Solar industry.

( Industry Median: 1.92 vs. CSIQ: 0.40 )
CSIQ' s 10-Year Cash to Debt Range
Min: 0.11   Max: No Debt
Current: 0.4

Equity to Asset 0.22
CSIQ's Equity to Asset is ranked lower than
62% of the 1097 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. CSIQ: 0.22 )
CSIQ' s 10-Year Equity to Asset Range
Min: 0.12   Max: 0.87
Current: 0.22

0.12
0.87
Interest Coverage 2.83
CSIQ's Interest Coverage is ranked lower than
61% of the 645 Companies
in the Global Solar industry.

( Industry Median: 10000.00 vs. CSIQ: 2.83 )
CSIQ' s 10-Year Interest Coverage Range
Min: 0.16   Max: 9999.99
Current: 2.83

0.16
9999.99
F-Score: 7
Z-Score: 1.75
M-Score: -2.23
WACC vs ROIC
14.37%
17.86%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 11.71
CSIQ's Operating margin (%) is ranked higher than
84% of the 1109 Companies
in the Global Solar industry.

( Industry Median: 4.71 vs. CSIQ: 11.71 )
CSIQ' s 10-Year Operating margin (%) Range
Min: -11.01   Max: 28.55
Current: 11.71

-11.01
28.55
Net-margin (%) 7.32
CSIQ's Net-margin (%) is ranked higher than
78% of the 1109 Companies
in the Global Solar industry.

( Industry Median: 3.91 vs. CSIQ: 7.32 )
CSIQ' s 10-Year Net-margin (%) Range
Min: -15.1   Max: 20.76
Current: 7.32

-15.1
20.76
ROE (%) 37.60
CSIQ's ROE (%) is ranked higher than
99% of the 1109 Companies
in the Global Solar industry.

( Industry Median: 4.89 vs. CSIQ: 37.60 )
CSIQ' s 10-Year ROE (%) Range
Min: -51.65   Max: 76.63
Current: 37.6

-51.65
76.63
ROA (%) 6.79
CSIQ's ROA (%) is ranked higher than
82% of the 1125 Companies
in the Global Solar industry.

( Industry Median: 2.74 vs. CSIQ: 6.79 )
CSIQ' s 10-Year ROA (%) Range
Min: -12.01   Max: 31.68
Current: 6.79

-12.01
31.68
ROC (Joel Greenblatt) (%) 28.07
CSIQ's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 1121 Companies
in the Global Solar industry.

( Industry Median: 7.91 vs. CSIQ: 28.07 )
CSIQ' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -11.78   Max: 527.05
Current: 28.07

-11.78
527.05
Revenue Growth (3Y)(%) -1.40
CSIQ's Revenue Growth (3Y)(%) is ranked higher than
72% of the 787 Companies
in the Global Solar industry.

( Industry Median: -1.80 vs. CSIQ: -1.40 )
CSIQ' s 10-Year Revenue Growth (3Y)(%) Range
Min: -1.4   Max: 165.7
Current: -1.4

-1.4
165.7
EBITDA Growth (3Y)(%) 9.50
CSIQ's EBITDA Growth (3Y)(%) is ranked higher than
85% of the 562 Companies
in the Global Solar industry.

( Industry Median: -6.50 vs. CSIQ: 9.50 )
CSIQ' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -7.2   Max: 177.2
Current: 9.5

-7.2
177.2
EPS Growth (3Y)(%) -18.40
CSIQ's EPS Growth (3Y)(%) is ranked higher than
65% of the 486 Companies
in the Global Solar industry.

( Industry Median: -8.80 vs. CSIQ: -18.40 )
CSIQ' s 10-Year EPS Growth (3Y)(%) Range
Min: -18.4   Max: 106.4
Current: -18.4

-18.4
106.4
» CSIQ's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

CSIQ Guru Trades in Q1 2014

Louis Moore Bacon 25,000 sh (New)
Steven Cohen 127,000 sh (+93.87%)
Jim Simons Sold Out
» More
Q2 2014

CSIQ Guru Trades in Q2 2014

Steven Cohen 461,400 sh (unchged)
Louis Moore Bacon 17,857 sh (-28.57%)
» More
Q3 2014

CSIQ Guru Trades in Q3 2014

Paul Tudor Jones 6,782 sh (New)
Jim Simons 6,902 sh (New)
Louis Moore Bacon Sold Out
Steven Cohen 119,900 sh (-74.01%)
» More
Q4 2014

CSIQ Guru Trades in Q4 2014

Mario Gabelli 8,750 sh (New)
Steven Cohen 179,700 sh (+49.87%)
Jim Simons Sold Out
Paul Tudor Jones Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with CSIQ

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2014-12-31 New Buy$21.11 - $34.78 $ 29.639%8750
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 9.40
CSIQ's P/E(ttm) is ranked higher than
96% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 57.60 vs. CSIQ: 9.40 )
CSIQ' s 10-Year P/E(ttm) Range
Min: 2.71   Max: 81.7
Current: 9.4

2.71
81.7
PE(NRI) 9.50
CSIQ's PE(NRI) is ranked higher than
96% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 58.00 vs. CSIQ: 9.50 )
CSIQ' s 10-Year PE(NRI) Range
Min: 2.71   Max: 83.42
Current: 9.5

2.71
83.42
P/B 2.75
CSIQ's P/B is ranked higher than
58% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 2.10 vs. CSIQ: 2.75 )
CSIQ' s 10-Year P/B Range
Min: 0.19   Max: 9.55
Current: 2.75

0.19
9.55
P/S 0.68
CSIQ's P/S is ranked higher than
86% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 1.98 vs. CSIQ: 0.68 )
CSIQ' s 10-Year P/S Range
Min: 0.05   Max: 4.38
Current: 0.68

0.05
4.38
PFCF 7.66
CSIQ's PFCF is ranked higher than
95% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 117.74 vs. CSIQ: 7.66 )
CSIQ' s 10-Year PFCF Range
Min: 4.99   Max: 10.81
Current: 7.66

4.99
10.81
POCF 6.87
CSIQ's POCF is ranked higher than
89% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 23.77 vs. CSIQ: 6.87 )
CSIQ' s 10-Year POCF Range
Min: 1.73   Max: 147
Current: 6.87

1.73
147
EV-to-EBIT 7.21
CSIQ's EV-to-EBIT is ranked higher than
95% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 37.40 vs. CSIQ: 7.21 )
CSIQ' s 10-Year EV-to-EBIT Range
Min: -436.4   Max: 248.4
Current: 7.21

-436.4
248.4
Current Ratio 1.20
CSIQ's Current Ratio is ranked lower than
54% of the 1115 Companies
in the Global Solar industry.

( Industry Median: 2.54 vs. CSIQ: 1.20 )
CSIQ' s 10-Year Current Ratio Range
Min: 0.9   Max: 7.38
Current: 1.2

0.9
7.38
Quick Ratio 0.99
CSIQ's Quick Ratio is ranked higher than
50% of the 1115 Companies
in the Global Solar industry.

( Industry Median: 1.92 vs. CSIQ: 0.99 )
CSIQ' s 10-Year Quick Ratio Range
Min: 0.72   Max: 4.87
Current: 0.99

0.72
4.87
Days Inventory 59.81
CSIQ's Days Inventory is ranked higher than
78% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 90.27 vs. CSIQ: 59.81 )
CSIQ' s 10-Year Days Inventory Range
Min: 47.09   Max: 237.02
Current: 59.81

47.09
237.02
Days Sales Outstanding 60.53
CSIQ's Days Sales Outstanding is ranked higher than
74% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 71.40 vs. CSIQ: 60.53 )
CSIQ' s 10-Year Days Sales Outstanding Range
Min: 22.81   Max: 94.55
Current: 60.53

22.81
94.55

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.77
CSIQ's Price/Tangible Book is ranked higher than
64% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 2.78 vs. CSIQ: 2.77 )
CSIQ' s 10-Year Price/Tangible Book Range
Min: 0.25   Max: 6.09
Current: 2.77

0.25
6.09
Price/Median PS Value 1.18
CSIQ's Price/Median PS Value is ranked higher than
67% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 1.17 vs. CSIQ: 1.18 )
CSIQ' s 10-Year Price/Median PS Value Range
Min: 0.11   Max: 6.16
Current: 1.18

0.11
6.16
Price/Graham Number 1.07
CSIQ's Price/Graham Number is ranked higher than
88% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 4.50 vs. CSIQ: 1.07 )
CSIQ' s 10-Year Price/Graham Number Range
Min: 0.59   Max: 2.61
Current: 1.07

0.59
2.61
Earnings Yield (Greenblatt) 13.90
CSIQ's Earnings Yield (Greenblatt) is ranked higher than
95% of the 1110 Companies
in the Global Solar industry.

( Industry Median: 2.90 vs. CSIQ: 13.90 )
CSIQ' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 32.8
Current: 13.9

0.4
32.8

Business Description

Industry: Semiconductors » Solar
Compare:FSLR, SPWR, SOL, CSSXF, TSL » details
Traded in other countries:L5A.Germany, CSIQ.Switzerland,
Canadian Solar Inc was incorporated under the laws of the Province of Ontario, Canada in October 2001. The Company changed its jurisdiction by continuing under the Canadian federal corporate statute, the Canada Business Corporations Act, or CBCA, effective June 1, 2006. As a result, it was governed by the CBCA. The Company is a solar power company. It is vertically integrated provider of solar power products and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The Company designs, develops, and manufactures solar wafers, cells and solar power products. The Company operates its business in two principal reportable business segments, i.e., module segment and project segment. The module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits to third parties. The project segment involves solar power project development, EPC services and O&M services. Its solar power products include standard solar modules and specialty solar products. Its products include solar modules built to general specifications for use in a wide range of residential, commercial and industrial solar power generation systems. Specialty solar products consist of customized solar modules that its customers incorporate into their own products and complete specialty products, such as portable solar home systems. It sells its products primarily under its "Canadian Solar" brand name. Its product lines range from modules of medium power, to high efficiency, high-power output mono-crystalline modules, as well as a range of specialty products. The Company currently sells its products to a diverse customer base in various markets worldwide, including China, Japan, the U.S., Germany, Spain, Italy, France, the Czech Republic, Canada and India, among other countries. Its customers primarily include distributors, system integrators, project developers and installers/EPC companies. The Company competes with international companies such as First Solar and Sharp Solar, and China-based companies such as Yingli, Trina and Jinko. Some of its competitors are developing or producing products based on alternative solar technologies, such as thin film PV materials, that may ultimately have costs similar to, or lower than, the Company's projected costs.
» More Articles for CSIQ

Headlines

Articles On GuruFocus.com
Momentum Performers: Canadian Solar (CSIQ), Office Depot (ODP), Whiting Petroleum (WLL) Feb 03 2015 
Canadian Solar Power: This Company Can Provide Good Returns To Investors Dec 23 2014 
Growth in Solar Power Adoption Is a Long-Term Driver for Canadian Solar Nov 18 2014 
Why This Solar Stock Looks Like a Good Buy for the Long Run Nov 18 2014 
Is Chanos Right About Solar Energy? Nov 23 2011 
Canadian Solar Reports Second Quarter 2009 Results Aug 06 2009 
Sun Still Shines on Trina Solar (TSL) Feb 17 2009 

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