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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 : 8/10

vs
industry
vs
history
Cash to Debt 5.11
FSLR's Cash to Debt is ranked higher than
79% of the 1122 Companies
in the Global Solar industry.

( Industry Median: 1.96 vs. FSLR: 5.11 )
FSLR' s 10-Year Cash to Debt Range
Min: 0.28   Max: No Debt
Current: 5.11

Equity to Asset 0.74
FSLR's Equity to Asset is ranked higher than
79% of the 1095 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. FSLR: 0.74 )
FSLR' s 10-Year Equity to Asset Range
Min: 0.13   Max: 0.83
Current: 0.74

0.13
0.83
Interest Coverage 195.61
FSLR's Interest Coverage is ranked higher than
62% of the 660 Companies
in the Global Solar industry.

( Industry Median: 2416.00 vs. FSLR: 195.61 )
FSLR' s 10-Year Interest Coverage Range
Min: 2.75   Max: 9999.99
Current: 195.61

2.75
9999.99
F-Score: 3
Z-Score: 3.07
M-Score: -1.58
WACC vs ROIC
21.42%
7.93%
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 : 6/10

vs
industry
vs
history
Operating margin (%) 9.05
FSLR's Operating margin (%) is ranked higher than
85% of the 1107 Companies
in the Global Solar industry.

( Industry Median: 4.84 vs. FSLR: 9.05 )
FSLR' s 10-Year Operating margin (%) Range
Min: -4517.14   Max: 35.17
Current: 9.05

-4517.14
35.17
Net-margin (%) 8.57
FSLR's Net-margin (%) is ranked higher than
87% of the 1107 Companies
in the Global Solar industry.

( Industry Median: 4.02 vs. FSLR: 8.57 )
FSLR' s 10-Year Net-margin (%) Range
Min: -5351.84   Max: 31.42
Current: 8.57

-5351.84
31.42
ROE (%) 5.87
FSLR's ROE (%) is ranked higher than
76% of the 1108 Companies
in the Global Solar industry.

( Industry Median: 4.89 vs. FSLR: 5.87 )
FSLR' s 10-Year ROE (%) Range
Min: -148.15   Max: 30.73
Current: 5.87

-148.15
30.73
ROA (%) 4.07
FSLR's ROA (%) is ranked higher than
80% of the 1123 Companies
in the Global Solar industry.

( Industry Median: 2.77 vs. FSLR: 4.07 )
FSLR' s 10-Year ROA (%) Range
Min: -390.11   Max: 23.43
Current: 4.07

-390.11
23.43
ROC (Joel Greenblatt) (%) 13.38
FSLR's ROC (Joel Greenblatt) (%) is ranked higher than
82% of the 1119 Companies
in the Global Solar industry.

( Industry Median: 7.91 vs. FSLR: 13.38 )
FSLR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -449.79   Max: 67.9
Current: 13.38

-449.79
67.9
Revenue Growth (3Y)(%) 5.40
FSLR's Revenue Growth (3Y)(%) is ranked higher than
76% of the 791 Companies
in the Global Solar industry.

( Industry Median: -1.80 vs. FSLR: 5.40 )
FSLR' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 195.4
Current: 5.4

0
195.4
EBITDA Growth (3Y)(%) -15.40
FSLR's EBITDA Growth (3Y)(%) is ranked higher than
96% of the 570 Companies
in the Global Solar industry.

( Industry Median: -6.40 vs. FSLR: -15.40 )
FSLR' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 202.2
Current: -15.4

0
202.2
EPS Growth (3Y)(%) -21.60
FSLR's EPS Growth (3Y)(%) is ranked lower than
162% of the 488 Companies
in the Global Solar industry.

( Industry Median: -8.90 vs. FSLR: -21.60 )
FSLR' s 10-Year EPS Growth (3Y)(%) Range
Min: 0   Max: 375.6
Current: -21.6

0
375.6
» FSLR's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

FSLR Guru Trades in Q1 2014

George Soros 25,000 sh (New)
Jim Simons 646,013 sh (+278.89%)
John Hussman 250,000 sh (unchged)
Chris Davis 4,030 sh (unchged)
Jeremy Grantham Sold Out
David Dreman 1,260 sh (-16.39%)
Steven Cohen 22,659 sh (-49.65%)
Joel Greenblatt 79,906 sh (-64.44%)
» More
Q2 2014

FSLR Guru Trades in Q2 2014

Louis Moore Bacon 10,000 sh (New)
Paul Tudor Jones 5,742 sh (New)
George Soros 100,000 sh (+300%)
Jim Simons 685,100 sh (+6.05%)
John Hussman 250,000 sh (unchged)
Steven Cohen 124,900 sh (unchged)
Chris Davis 4,030 sh (unchged)
David Dreman Sold Out
Joel Greenblatt 31,234 sh (-60.91%)
» More
Q3 2014

FSLR Guru Trades in Q3 2014

Chris Davis 4,030 sh (unchged)
Louis Moore Bacon Sold Out
Paul Tudor Jones Sold Out
George Soros Sold Out
Joel Greenblatt 26,623 sh (-14.76%)
John Hussman 150,000 sh (-40%)
Steven Cohen 46,200 sh (-63.01%)
Jim Simons 68,900 sh (-89.94%)
» More
Q4 2014

FSLR Guru Trades in Q4 2014

Paul Tudor Jones 8,700 sh (New)
Jim Simons 71,900 sh (+4.35%)
John Hussman 150,000 sh (unchged)
John Burbank 8,300 sh (unchged)
Joel Greenblatt Sold Out
Steven Cohen Sold Out
Chris Davis Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with FSLR

(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
Joel Greenblatt 2014-12-31 Sold Out 0.02%$40.9 - $64.1 $ 61.1120%0
Chris Davis 2014-12-31 Sold Out $40.9 - $64.1 $ 61.1120%0
John Hussman 2014-09-30 Reduce -40%0.56%$61.45 - $72.78 $ 61.11-10%150000
George Soros 2014-09-30 Sold Out 0.05%$61.45 - $72.78 $ 61.11-10%0
Joel Greenblatt 2014-06-30 Reduce -60.91%0.05%$58.63 - $73.34 $ 61.11-8%31234
George Soros 2014-06-30 Add 300%0.04%$58.63 - $73.34 $ 61.11-8%100000
David Dreman 2014-06-30 Sold Out 0.01%$58.63 - $73.34 $ 61.11-8%0
Joel Greenblatt 2014-03-31 Reduce -64.44%0.19%$47.73 - $73.87 $ 61.1110%79906
George Soros 2014-03-31 New Buy0.02%$47.73 - $73.87 $ 61.1110%25000
John Hussman 2013-12-31 Reduce -50%0.55%$41.6 - $64.28 $ 61.1111%250000
Joel Greenblatt 2013-12-31 Add 446.93%0.24%$41.6 - $64.28 $ 61.1111%224711
David Dreman 2013-12-31 New Buy0.01%$41.6 - $64.28 $ 61.1111%1507
Chris Davis 2013-12-31 New Buy$41.6 - $64.28 $ 61.1111%4030
John Hussman 2013-09-30 Add 42.45%0.33%$36.47 - $50.27 $ 61.1145%500000
Joel Greenblatt 2013-09-30 Reduce -51.95%0.08%$36.47 - $50.27 $ 61.1145%41086
John Hussman 2013-06-30 New Buy0.71%$26.1 - $56.4 $ 61.1137%351000
Joel Greenblatt 2013-06-30 Add 205.19%0.11%$26.1 - $56.4 $ 61.1137%85499
Ruane Cunniff 2013-06-30 Sold Out 0.09%$26.1 - $56.4 $ 61.1137%0
Brian Rogers 2013-03-31 Sold Out 0.16%$24.7 - $36.13 $ 61.11104%0
Joel Greenblatt 2013-03-31 New Buy0.04%$24.7 - $36.13 $ 61.11104%28015
Ruane Cunniff 2012-12-31 Reduce -28.86%0.04%$20.07 - $33.03 $ 61.11135%536865
John Hussman 2012-09-30 Sold Out 0.12%$14 - $24.77 $ 61.11227%0
Lee Ainslie 2012-03-31 Sold Out 1.4%$24.53 - $49.03 $ 61.1182%0
Brian Rogers 2012-03-31 Add 200%0.11%$24.53 - $49.03 $ 61.1182%1500000
John Hussman 2012-03-31 Reduce -24.16%0.07%$24.53 - $49.03 $ 61.1182%430000
John Burbank 2012-03-31 Sold Out 0.0033%$24.53 - $49.03 $ 61.1182%0
Brian Rogers 2011-12-31 New Buy0.08%$30.5 - $64.73 $ 61.1130%500000
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 23.00
FSLR's P/E(ttm) is ranked higher than
88% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 57.00 vs. FSLR: 23.00 )
FSLR' s 10-Year P/E(ttm) Range
Min: 5.39   Max: 386.17
Current: 23

5.39
386.17
Forward P/E 11.42
FSLR's Forward P/E is ranked higher than
96% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. FSLR: 11.42 )
N/A
PE(NRI) 23.10
FSLR's PE(NRI) is ranked higher than
88% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 56.70 vs. FSLR: 23.10 )
FSLR' s 10-Year PE(NRI) Range
Min: 5.39   Max: 411.92
Current: 23.1

5.39
411.92
P/B 1.28
FSLR's P/B is ranked higher than
81% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 2.05 vs. FSLR: 1.28 )
FSLR' s 10-Year P/B Range
Min: 0.3   Max: 21.25
Current: 1.28

0.3
21.25
P/S 1.97
FSLR's P/S is ranked higher than
67% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 1.99 vs. FSLR: 1.97 )
FSLR' s 10-Year P/S Range
Min: 0.33   Max: 51.11
Current: 1.97

0.33
51.11
EV-to-EBIT 12.06
FSLR's EV-to-EBIT is ranked higher than
90% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 40.75 vs. FSLR: 12.06 )
FSLR' s 10-Year EV-to-EBIT Range
Min: -67.3   Max: 348.6
Current: 12.06

-67.3
348.6
Shiller P/E 16.29
FSLR's Shiller P/E is ranked higher than
96% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. FSLR: 16.29 )
FSLR' s 10-Year Shiller P/E Range
Min: 3.81   Max: 62.36
Current: 16.29

3.81
62.36
Current Ratio 3.54
FSLR's Current Ratio is ranked higher than
77% of the 1113 Companies
in the Global Solar industry.

( Industry Median: 2.54 vs. FSLR: 3.54 )
FSLR' s 10-Year Current Ratio Range
Min: 0.78   Max: 7.46
Current: 3.54

0.78
7.46
Quick Ratio 3.06
FSLR's Quick Ratio is ranked higher than
78% of the 1113 Companies
in the Global Solar industry.

( Industry Median: 1.94 vs. FSLR: 3.06 )
FSLR' s 10-Year Quick Ratio Range
Min: 0.58   Max: 7.14
Current: 3.06

0.58
7.14
Days Inventory 57.29
FSLR's Days Inventory is ranked higher than
78% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 90.39 vs. FSLR: 57.29 )
FSLR' s 10-Year Days Inventory Range
Min: 35.68   Max: 68.32
Current: 57.29

35.68
68.32
Days Sales Outstanding 95.14
FSLR's Days Sales Outstanding is ranked higher than
96% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 70.27 vs. FSLR: 95.14 )
FSLR' s 10-Year Days Sales Outstanding Range
Min: 8.34   Max: 149.72
Current: 95.14

8.34
149.72

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 19.91
FSLR's Price/Net Current Asset Value is ranked higher than
80% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. FSLR: 19.91 )
FSLR' s 10-Year Price/Net Current Asset Value Range
Min: 12.64   Max: 134.03
Current: 19.91

12.64
134.03
Price/Tangible Book 1.33
FSLR's Price/Tangible Book is ranked higher than
82% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 2.48 vs. FSLR: 1.33 )
FSLR' s 10-Year Price/Tangible Book Range
Min: 0.4   Max: 19.57
Current: 1.33

0.4
19.57
Price/DCF (Projected) 1.40
FSLR's Price/DCF (Projected) is ranked higher than
93% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. FSLR: 1.40 )
FSLR' s 10-Year Price/DCF (Projected) Range
Min: 0.69   Max: 7.93
Current: 1.4

0.69
7.93
Price/Median PS Value 0.44
FSLR's Price/Median PS Value is ranked higher than
98% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 1.19 vs. FSLR: 0.44 )
FSLR' s 10-Year Price/Median PS Value Range
Min: 0.09   Max: 9.22
Current: 0.44

0.09
9.22
Price/Graham Number 1.16
FSLR's Price/Graham Number is ranked higher than
90% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 3.83 vs. FSLR: 1.16 )
FSLR' s 10-Year Price/Graham Number Range
Min: 0.41   Max: 10.7
Current: 1.16

0.41
10.7
Earnings Yield (Greenblatt) 8.30
FSLR's Earnings Yield (Greenblatt) is ranked higher than
90% of the 1110 Companies
in the Global Solar industry.

( Industry Median: 2.90 vs. FSLR: 8.30 )
FSLR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 26.4
Current: 8.3

0.3
26.4
Forward Rate of Return (Yacktman) 54.63
FSLR's Forward Rate of Return (Yacktman) is ranked higher than
99% of the 436 Companies
in the Global Solar industry.

( Industry Median: 6.46 vs. FSLR: 54.63 )
FSLR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.2   Max: 130
Current: 54.63

-7.2
130

Business Description

Industry: Semiconductors » Solar
Compare:SPWR, SOL, CSSXF, TSL, LDK » details
Traded in other countries:F3A.Germany, FSLR.Mexico, 0R06.UK, FSLR.Switzerland,
First Solar Inc was incorporated as a Delaware corporation on February 22, 2006. First Solar Holdings, LLC was formed as a Delaware limited liability company in May 2003 to act as the holding company for First Solar, LLC, which was formed in 1999 and renamed First Solar US Manufacturing, LLC in the second quarter of 2006, and other subsidiaries formed during 2003 and later. On February 22, 2006, First Solar Holdings, LLC was incorporated in Delaware as First Solar Holdings, Inc. and, also during the first quarter of 2006, was renamed First Solar, Inc. The Company manufactures and sells solar modules with an advanced thin film semiconductor technology, and it designs, constructs and sells photovoltaic (PV) solar power systems. The Company operations constitute of two segments: systems and components. The components segment involves the design, manufacture, and sale of solar modules which convert sunlight into electricity. Through systems segment, the Company provides complete turn-key PV solar power systems, or solar solutions that draw upon the capabilities, which include (i) project development, (ii) EPC services, (iii) operating and maintenance ("O&M") services, and (iv) project finance expertise. It may provide full EPC service or any combination of individual products and services within the EPC capabilities depending upon the customer and market opportunity. Its systems business is dependent upon successful completion of project development activities including: site selection and acquisition, obtaining in a timely manner the requisite interconnection and transmission studies, environmental and land use permits, maintaining effective site control, and entering into a power purchase agreement with an off-taker of the power to be generated by the project. The renewable energy, solar energy and solar module sectors are highly competitive and continually evolving as participants strive to distinguish themselves within their markets and compete within the larger electric power industry. The Company also faces competition from other EPC companies and joint ventures between EPC companies and solar companies. The Company is subject to various federal, state, local and international laws and regulations.
» More Articles for NAS:FSLR

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