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Also traded in: Germany, Switzerland, UK

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 : 5/10

vs
industry
vs
history
Cash to Debt 0.20
CSIQ's Cash to Debt is ranked lower than
86% of the 855 Companies
in the Global Solar industry.

( Industry Median: 1.66 vs. CSIQ: 0.20 )
Ranked among companies with meaningful Cash to Debt only.
CSIQ' s Cash to Debt Range Over the Past 10 Years
Min: 0.11  Med: 0.4 Max: No Debt
Current: 0.2
Equity to Asset 0.19
CSIQ's Equity to Asset is ranked lower than
94% of the 844 Companies
in the Global Solar industry.

( Industry Median: 0.62 vs. CSIQ: 0.19 )
Ranked among companies with meaningful Equity to Asset only.
CSIQ' s Equity to Asset Range Over the Past 10 Years
Min: 0.12  Med: 0.25 Max: 0.87
Current: 0.19
0.12
0.87
Interest Coverage 3.69
CSIQ's Interest Coverage is ranked lower than
84% of the 655 Companies
in the Global Solar industry.

( Industry Median: 51.25 vs. CSIQ: 3.69 )
Ranked among companies with meaningful Interest Coverage only.
CSIQ' s Interest Coverage Range Over the Past 10 Years
Min: 0.16  Med: 2.4 Max: 7.49
Current: 3.69
0.16
7.49
F-Score: 1
Z-Score: 0.95
WACC vs ROIC
8.53%
6.54%
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 : 5/10

vs
industry
vs
history
Operating margin (%) 6.12
CSIQ's Operating margin (%) is ranked higher than
56% of the 852 Companies
in the Global Solar industry.

( Industry Median: 4.22 vs. CSIQ: 6.12 )
Ranked among companies with meaningful Operating margin (%) only.
CSIQ' s Operating margin (%) Range Over the Past 10 Years
Min: -11.01  Med: 2.52 Max: 12.37
Current: 6.12
-11.01
12.37
Net-margin (%) 4.45
CSIQ's Net-margin (%) is ranked higher than
54% of the 851 Companies
in the Global Solar industry.

( Industry Median: 3.18 vs. CSIQ: 4.45 )
Ranked among companies with meaningful Net-margin (%) only.
CSIQ' s Net-margin (%) Range Over the Past 10 Years
Min: -15.1  Med: 0.92 Max: 8.09
Current: 4.45
-15.1
8.09
ROE (%) 18.64
CSIQ's ROE (%) is ranked higher than
88% of the 833 Companies
in the Global Solar industry.

( Industry Median: 4.84 vs. CSIQ: 18.64 )
Ranked among companies with meaningful ROE (%) only.
CSIQ' s ROE (%) Range Over the Past 10 Years
Min: -51.65  Med: 2.75 Max: 43.26
Current: 18.64
-51.65
43.26
ROA (%) 3.55
CSIQ's ROA (%) is ranked higher than
56% of the 859 Companies
in the Global Solar industry.

( Industry Median: 2.35 vs. CSIQ: 3.55 )
Ranked among companies with meaningful ROA (%) only.
CSIQ' s ROA (%) Range Over the Past 10 Years
Min: -12.01  Med: 0.62 Max: 8.67
Current: 3.55
-12.01
8.67
ROC (Joel Greenblatt) (%) 23.04
CSIQ's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 859 Companies
in the Global Solar industry.

( Industry Median: 8.11 vs. CSIQ: 23.04 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CSIQ' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -16.58  Med: 5.86 Max: 27.83
Current: 23.04
-16.58
27.83
Revenue Growth (3Y)(%) 24.20
CSIQ's Revenue Growth (3Y)(%) is ranked higher than
91% of the 735 Companies
in the Global Solar industry.

( Industry Median: 1.60 vs. CSIQ: 24.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CSIQ' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -1.4  Med: 45.6 Max: 165.9
Current: 24.2
-1.4
165.9
» CSIQ's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-11-10)


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

» Details

Guru Trades

Q3 2015

CSIQ Guru Trades in Q3 2015

Signature Select Canadian Fund 90,400 sh (New)
Jim Simons 24,200 sh (-97.93%)
» More
Q4 2015

CSIQ Guru Trades in Q4 2015

Jim Simons Sold Out
» More
Q1 2016

CSIQ Guru Trades in Q1 2016

Signature Select Canadian Fund Sold Out
» More
Q2 2016

CSIQ Guru Trades in Q2 2016

Mario Gabelli 12,150 sh (New)
» 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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Business Description

Industry: Semiconductors » Solar
Compare:NAS:SEDG, NAS:RUN, NYSE:JKS, NYSE:TSL, NAS:HQCL, OTCPK:CSSXF, NAS:JASO, NYSE:VSLR, NAS:SPI, NYSE:SOL, NAS:SPWR, OTCPK:SEYMF, OTCPK:SRWRY, OTCPK:CMHXF, NYSE:YGE, OTCPK:OPVS, NAS:SUNW, OTCPK:QTMM, OTCPK:SVLT, OTCPK:EVOMY » details
Traded in other countries:L5A.Germany, CSIQ.Switzerland, 0QY7.UK,
Canadian Solar Inc is a solar power company. The Company designs, develops and manufactures solar wafers, cells and solar power products.

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.

Ratios

vs
industry
vs
history
P/E(ttm) 4.95
CSIQ's P/E(ttm) is ranked higher than
97% of the 568 Companies
in the Global Solar industry.

( Industry Median: 20.54 vs. CSIQ: 4.95 )
Ranked among companies with meaningful P/E(ttm) only.
CSIQ' s P/E(ttm) Range Over the Past 10 Years
Min: 2.71  Med: 10.93 Max: 144.09
Current: 4.95
2.71
144.09
PE(NRI) 4.95
CSIQ's PE(NRI) is ranked higher than
98% of the 564 Companies
in the Global Solar industry.

( Industry Median: 20.93 vs. CSIQ: 4.95 )
Ranked among companies with meaningful PE(NRI) only.
CSIQ' s PE(NRI) Range Over the Past 10 Years
Min: 2.71  Med: 10.93 Max: 144.09
Current: 4.95
2.71
144.09
P/B 0.88
CSIQ's P/B is ranked higher than
80% of the 827 Companies
in the Global Solar industry.

( Industry Median: 1.66 vs. CSIQ: 0.88 )
Ranked among companies with meaningful P/B only.
CSIQ' s P/B Range Over the Past 10 Years
Min: 0.19  Med: 1.55 Max: 8.08
Current: 0.88
0.19
8.08
P/S 0.23
CSIQ's P/S is ranked higher than
94% of the 834 Companies
in the Global Solar industry.

( Industry Median: 1.52 vs. CSIQ: 0.23 )
Ranked among companies with meaningful P/S only.
CSIQ' s P/S Range Over the Past 10 Years
Min: 0.05  Med: 0.47 Max: 3.5
Current: 0.23
0.05
3.5
EV-to-EBIT 9.80
CSIQ's EV-to-EBIT is ranked higher than
73% of the 557 Companies
in the Global Solar industry.

( Industry Median: 16.61 vs. CSIQ: 9.80 )
Ranked among companies with meaningful EV-to-EBIT only.
CSIQ' s EV-to-EBIT Range Over the Past 10 Years
Min: -372  Med: 10 Max: 432.9
Current: 9.8
-372
432.9
EV-to-EBITDA 8.98
CSIQ's EV-to-EBITDA is ranked higher than
60% of the 620 Companies
in the Global Solar industry.

( Industry Median: 11.59 vs. CSIQ: 8.98 )
Ranked among companies with meaningful EV-to-EBITDA only.
CSIQ' s EV-to-EBITDA Range Over the Past 10 Years
Min: -372  Med: 9.4 Max: 432.9
Current: 8.98
-372
432.9
Shiller P/E 44.06
CSIQ's Shiller P/E is ranked lower than
53% of the 100 Companies
in the Global Solar industry.

( Industry Median: 40.93 vs. CSIQ: 44.06 )
Ranked among companies with meaningful Shiller P/E only.
CSIQ' s Shiller P/E Range Over the Past 10 Years
Min: 43.03  Med: 154.6 Max: 1295
Current: 44.06
43.03
1295
Current Ratio 0.81
CSIQ's Current Ratio is ranked lower than
92% of the 852 Companies
in the Global Solar industry.

( Industry Median: 2.25 vs. CSIQ: 0.81 )
Ranked among companies with meaningful Current Ratio only.
CSIQ' s Current Ratio Range Over the Past 10 Years
Min: 0.81  Med: 1.2 Max: 7.38
Current: 0.81
0.81
7.38
Quick Ratio 0.70
CSIQ's Quick Ratio is ranked lower than
87% of the 852 Companies
in the Global Solar industry.

( Industry Median: 1.73 vs. CSIQ: 0.70 )
Ranked among companies with meaningful Quick Ratio only.
CSIQ' s Quick Ratio Range Over the Past 10 Years
Min: 0.68  Med: 0.93 Max: 4.87
Current: 0.7
0.68
4.87
Days Inventory 50.13
CSIQ's Days Inventory is ranked higher than
73% of the 821 Companies
in the Global Solar industry.

( Industry Median: 77.58 vs. CSIQ: 50.13 )
Ranked among companies with meaningful Days Inventory only.
CSIQ' s Days Inventory Range Over the Past 10 Years
Min: 47.09  Med: 64.9 Max: 169.41
Current: 50.13
47.09
169.41
Days Sales Outstanding 37.89
CSIQ's Days Sales Outstanding is ranked higher than
79% of the 776 Companies
in the Global Solar industry.

( Industry Median: 61.72 vs. CSIQ: 37.89 )
Ranked among companies with meaningful Days Sales Outstanding only.
CSIQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.72  Med: 60.59 Max: 92.81
Current: 37.89
26.72
92.81

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -9.00
CSIQ's 3-Year Average Share Buyback Ratio is ranked lower than
76% of the 594 Companies
in the Global Solar industry.

( Industry Median: -2.40 vs. CSIQ: -9.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CSIQ' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -20.9  Med: -9 Max: -0.1
Current: -9
-20.9
-0.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.97
CSIQ's Price/Tangible Book is ranked higher than
77% of the 800 Companies
in the Global Solar industry.

( Industry Median: 1.82 vs. CSIQ: 0.97 )
Ranked among companies with meaningful Price/Tangible Book only.
CSIQ' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.25  Med: 1.7 Max: 6.09
Current: 0.97
0.25
6.09
Price/Projected FCF 1.21
CSIQ's Price/Projected FCF is ranked lower than
99.99% of the 459 Companies
in the Global Solar industry.

( Industry Median: 1.43 vs. CSIQ: 1.21 )
Ranked among companies with meaningful Price/Projected FCF only.
CSIQ' s Price/Projected FCF Range Over the Past 10 Years
Min: 0  Med: 1.77 Max: 4.81
Current: 1.21
0
4.81
Price/Median PS Value 0.48
CSIQ's Price/Median PS Value is ranked higher than
93% of the 772 Companies
in the Global Solar industry.

( Industry Median: 1.08 vs. CSIQ: 0.48 )
Ranked among companies with meaningful Price/Median PS Value only.
CSIQ' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.13  Med: 1.07 Max: 5.99
Current: 0.48
0.13
5.99
Price/Graham Number 0.46
CSIQ's Price/Graham Number is ranked higher than
97% of the 524 Companies
in the Global Solar industry.

( Industry Median: 1.34 vs. CSIQ: 0.46 )
Ranked among companies with meaningful Price/Graham Number only.
CSIQ' s Price/Graham Number Range Over the Past 10 Years
Min: 0.46  Med: 0.99 Max: 3.08
Current: 0.46
0.46
3.08
Earnings Yield (Greenblatt) (%) 10.20
CSIQ's Earnings Yield (Greenblatt) (%) is ranked higher than
82% of the 839 Companies
in the Global Solar industry.

( Industry Median: 2.90 vs. CSIQ: 10.20 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CSIQ' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.2  Med: 7.5 Max: 28.6
Current: 10.2
0.2
28.6

More Statistics

Revenue (TTM) (Mil) $3,497
EPS (TTM) $ 2.64
Beta3.12
Short Percentage of Float14.05%
52-Week Range $12.12 - 29.83
Shares Outstanding (Mil)55.97
» More Articles for NAS:CSIQ

Headlines

Articles On GuruFocus.com
Unlike SunEdison, Canadian Solar Can Manage Its Debt May 25 2016 
Why First Solar Is the Best Company in Sector Apr 27 2016 
SunEdison’s Bankruptcy Looks Inevitable Apr 06 2016 
Should You Bet Big on the Solar Industry? Feb 05 2016 
Yingli Green Energy and its critical financial situation Jul 07 2015 
Trina Solar Is Primed For Growth Jun 12 2015 
A Few Things That Make Canadian Solar A Good Buy Jun 10 2015 
Canadaian Solar Is A Good Buy On The Dip May 28 2015 
Canadian Solar Making Great Foray In The Global Renewable Energy Market May 18 2015 
Canadian Solar's Higher Capacity Will Lead to Strong Growth May 12 2015 

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Canadian Solar (CSIQ) Falls, Barclays Downgrades Aug 24 2016
Understanding Canadian Solar’s Revised Expansion Plan and Financial Position Aug 24 2016
Canadian Solar downgraded by Barclays Aug 24 2016
How Canadian Solar Beat the Analysts’ Estimates for 2Q16 Net Income Aug 24 2016
Canadian Solar (CSIQ) Unit Brings Mustang Project Online Aug 24 2016
Barclays Downgrades Canadian Solar, 'Cautious On Leverage' Aug 24 2016
Solar Industry Braces With Looming Glut Eroding Panel Prices Aug 23 2016
How Did Canadian Solar’s Costs Affect Its Gross Margin in 2Q16? Aug 23 2016
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