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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 0.28
CSIQ's Cash to Debt is ranked lower than
81% of the 835 Companies
in the Global Solar industry.

( Industry Median: 1.78 vs. CSIQ: 0.28 )
Ranked among companies with meaningful Cash to Debt only.
CSIQ' s 10-Year Cash to Debt Range
Min: 0.11  Med: 0.41 Max: No Debt
Current: 0.28
Equity to Asset 0.21
CSIQ's Equity to Asset is ranked lower than
94% of the 809 Companies
in the Global Solar industry.

( Industry Median: 0.62 vs. CSIQ: 0.21 )
Ranked among companies with meaningful Equity to Asset only.
CSIQ' s 10-Year Equity to Asset Range
Min: 0.12  Med: 0.32 Max: 0.87
Current: 0.21
0.12
0.87
Interest Coverage 7.49
CSIQ's Interest Coverage is ranked lower than
80% of the 502 Companies
in the Global Solar industry.

( Industry Median: 1169.55 vs. CSIQ: 7.49 )
Ranked among companies with meaningful Interest Coverage only.
CSIQ' s 10-Year Interest Coverage Range
Min: 0.16  Med: 5.43 Max: 9999.99
Current: 7.49
0.16
9999.99
F-Score: 5
Z-Score: 1.49
WACC vs ROIC
14.95%
20.41%
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 (%) 11.38
CSIQ's Operating margin (%) is ranked higher than
73% of the 826 Companies
in the Global Solar industry.

( Industry Median: 4.52 vs. CSIQ: 11.38 )
Ranked among companies with meaningful Operating margin (%) only.
CSIQ' s 10-Year Operating margin (%) Range
Min: -11.01  Med: 7.91 Max: 28.55
Current: 11.38
-11.01
28.55
Net-margin (%) 7.69
CSIQ's Net-margin (%) is ranked higher than
65% of the 826 Companies
in the Global Solar industry.

( Industry Median: 4.08 vs. CSIQ: 7.69 )
Ranked among companies with meaningful Net-margin (%) only.
CSIQ' s 10-Year Net-margin (%) Range
Min: -15.1  Med: 3.38 Max: 20.76
Current: 7.69
-15.1
20.76
ROE (%) 37.56
CSIQ's ROE (%) is ranked higher than
97% of the 814 Companies
in the Global Solar industry.

( Industry Median: 5.46 vs. CSIQ: 37.56 )
Ranked among companies with meaningful ROE (%) only.
CSIQ' s 10-Year ROE (%) Range
Min: -51.65  Med: 7.49 Max: 76.63
Current: 37.56
-51.65
76.63
ROA (%) 8.09
CSIQ's ROA (%) is ranked higher than
77% of the 837 Companies
in the Global Solar industry.

( Industry Median: 2.83 vs. CSIQ: 8.09 )
Ranked among companies with meaningful ROA (%) only.
CSIQ' s 10-Year ROA (%) Range
Min: -12.01  Med: 2.08 Max: 31.68
Current: 8.09
-12.01
31.68
ROC (Joel Greenblatt) (%) 31.89
CSIQ's ROC (Joel Greenblatt) (%) is ranked higher than
78% of the 835 Companies
in the Global Solar industry.

( Industry Median: 9.42 vs. CSIQ: 31.89 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CSIQ' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -16.58  Med: 7.14 Max: 527.05
Current: 31.89
-16.58
527.05
Revenue Growth (3Y)(%) 4.20
CSIQ's Revenue Growth (3Y)(%) is ranked higher than
65% of the 551 Companies
in the Global Solar industry.

( Industry Median: -1.50 vs. CSIQ: 4.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CSIQ' s 10-Year Revenue Growth (3Y)(%) Range
Min: -1.4  Med: 55.80 Max: 165.7
Current: 4.2
-1.4
165.7
EBITDA Growth (3Y)(%) 134.60
CSIQ's EBITDA Growth (3Y)(%) is ranked higher than
99% of the 419 Companies
in the Global Solar industry.

( Industry Median: -1.30 vs. CSIQ: 134.60 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CSIQ' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -4.1  Med: 27.90 Max: 177.2
Current: 134.6
-4.1
177.2
» CSIQ's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

CSIQ Guru Trades in Q3 2014

Jim Simons 6,902 sh (New)
Paul Tudor Jones 6,782 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
Q1 2015

CSIQ Guru Trades in Q1 2015

Jim Simons 158,400 sh (New)
Steven Cohen Sold Out
Mario Gabelli 6,100 sh (-30.29%)
» More
Q2 2015

CSIQ Guru Trades in Q2 2015

Jim Simons 1,167,302 sh (+636.93%)
Mario Gabelli 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%)

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Ratios

vs
industry
vs
history
P/E(ttm) 4.20
CSIQ's P/E(ttm) is ranked higher than
97% of the 548 Companies
in the Global Solar industry.

( Industry Median: 16.70 vs. CSIQ: 4.20 )
Ranked among companies with meaningful P/E(ttm) only.
CSIQ' s 10-Year P/E(ttm) Range
Min: 2.71  Med: 15.36 Max: 81.7
Current: 4.2
2.71
81.7
PE(NRI) 4.30
CSIQ's PE(NRI) is ranked higher than
97% of the 548 Companies
in the Global Solar industry.

( Industry Median: 16.60 vs. CSIQ: 4.30 )
Ranked among companies with meaningful PE(NRI) only.
CSIQ' s 10-Year PE(NRI) Range
Min: 2.71  Med: 15.44 Max: 83.42
Current: 4.3
2.71
83.42
P/B 1.36
CSIQ's P/B is ranked higher than
50% of the 801 Companies
in the Global Solar industry.

( Industry Median: 1.40 vs. CSIQ: 1.36 )
Ranked among companies with meaningful P/B only.
CSIQ' s 10-Year P/B Range
Min: 0.19  Med: 1.70 Max: 8.09
Current: 1.36
0.19
8.09
P/S 0.33
CSIQ's P/S is ranked higher than
89% of the 826 Companies
in the Global Solar industry.

( Industry Median: 1.28 vs. CSIQ: 0.33 )
Ranked among companies with meaningful P/S only.
CSIQ' s 10-Year P/S Range
Min: 0.05  Med: 0.57 Max: 3.77
Current: 0.33
0.05
3.77
EV-to-EBIT 5.23
CSIQ's EV-to-EBIT is ranked higher than
85% of the 561 Companies
in the Global Solar industry.

( Industry Median: 12.47 vs. CSIQ: 5.23 )
Ranked among companies with meaningful EV-to-EBIT only.
CSIQ' s 10-Year EV-to-EBIT Range
Min: -436.4  Med: 6.70 Max: 248.4
Current: 5.23
-436.4
248.4
Shiller P/E 161.57
CSIQ's Shiller P/E is ranked lower than
95% of the 253 Companies
in the Global Solar industry.

( Industry Median: 26.10 vs. CSIQ: 161.57 )
Ranked among companies with meaningful Shiller P/E only.
CSIQ' s 10-Year Shiller P/E Range
Min: 12.56  Med: 70.36 Max: 276.33
Current: 161.57
12.56
276.33
Current Ratio 0.96
CSIQ's Current Ratio is ranked lower than
88% of the 825 Companies
in the Global Solar industry.

( Industry Median: 2.23 vs. CSIQ: 0.96 )
Ranked among companies with meaningful Current Ratio only.
CSIQ' s 10-Year Current Ratio Range
Min: 0.9  Med: 1.30 Max: 7.38
Current: 0.96
0.9
7.38
Quick Ratio 0.74
CSIQ's Quick Ratio is ranked lower than
86% of the 825 Companies
in the Global Solar industry.

( Industry Median: 1.72 vs. CSIQ: 0.74 )
Ranked among companies with meaningful Quick Ratio only.
CSIQ' s 10-Year Quick Ratio Range
Min: 0.72  Med: 0.97 Max: 4.87
Current: 0.74
0.72
4.87
Days Inventory 58.57
CSIQ's Days Inventory is ranked higher than
66% of the 802 Companies
in the Global Solar industry.

( Industry Median: 79.04 vs. CSIQ: 58.57 )
Ranked among companies with meaningful Days Inventory only.
CSIQ' s 10-Year Days Inventory Range
Min: 47.09  Med: 69.64 Max: 237.02
Current: 58.57
47.09
237.02
Days Sales Outstanding 38.57
CSIQ's Days Sales Outstanding is ranked higher than
80% of the 767 Companies
in the Global Solar industry.

( Industry Median: 62.19 vs. CSIQ: 38.57 )
Ranked among companies with meaningful Days Sales Outstanding only.
CSIQ' s 10-Year Days Sales Outstanding Range
Min: 22.81  Med: 56.16 Max: 94.55
Current: 38.57
22.81
94.55

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.37
CSIQ's Price/Tangible Book is ranked higher than
55% of the 778 Companies
in the Global Solar industry.

( Industry Median: 1.56 vs. CSIQ: 1.37 )
Ranked among companies with meaningful Price/Tangible Book only.
CSIQ' s 10-Year Price/Tangible Book Range
Min: 0.25  Med: 1.78 Max: 6.09
Current: 1.37
0.25
6.09
Price/Projected FCF 1.70
CSIQ's Price/Projected FCF is ranked lower than
60% of the 313 Companies
in the Global Solar industry.

( Industry Median: 1.39 vs. CSIQ: 1.70 )
Ranked among companies with meaningful Price/Projected FCF only.
CSIQ' s 10-Year Price/Projected FCF Range
Min: 0.44  Med: 2.55 Max: 7
Current: 1.7
0.44
7
Price/Median PS Value 0.58
CSIQ's Price/Median PS Value is ranked higher than
81% of the 778 Companies
in the Global Solar industry.

( Industry Median: 0.91 vs. CSIQ: 0.58 )
Ranked among companies with meaningful Price/Median PS Value only.
CSIQ' s 10-Year Price/Median PS Value Range
Min: 0.11  Med: 0.96 Max: 5.32
Current: 0.58
0.11
5.32
Price/Graham Number 0.49
CSIQ's Price/Graham Number is ranked higher than
92% of the 519 Companies
in the Global Solar industry.

( Industry Median: 1.10 vs. CSIQ: 0.49 )
Ranked among companies with meaningful Price/Graham Number only.
CSIQ' s 10-Year Price/Graham Number Range
Min: 0.59  Med: 1.18 Max: 2.57
Current: 0.49
0.59
2.57
Earnings Yield (Greenblatt) (%) 19.10
CSIQ's Earnings Yield (Greenblatt) (%) is ranked higher than
90% of the 828 Companies
in the Global Solar industry.

( Industry Median: 3.60 vs. CSIQ: 19.10 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CSIQ' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.4  Med: 7.80 Max: 32.8
Current: 19.1
0.4
32.8

Business Description

Industry: Semiconductors » Solar
Compare:FSLR, SPWR, SOL, CSSXF, TSL » details
Traded in other countries:L5A.Germany, 0QY7.UK, 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

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Canadian Solar's Higher Capacity Will Lead to Strong Growth May 12 2015 
This Solar Company Can Be A Good Addition To Portfolio May 11 2015 
Canadian Solar Is a Buy For Long-Term Despite Weak Guidance May 08 2015 
Canadian Solar's Strong Rally Will Continue May 07 2015 
Investing in This Solar Stock Will Lead to Long-Term Gains Mar 29 2015 

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