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Also traded in: Argentina, Germany, Mexico, 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 : 9/10

vs
industry
vs
history
Cash to Debt 6.28
FSLR's Cash to Debt is ranked higher than
65% of the 861 Companies
in the Global Solar industry.

( Industry Median: 1.74 vs. FSLR: 6.28 )
Ranked among companies with meaningful Cash to Debt only.
FSLR' s Cash to Debt Range Over the Past 10 Years
Min: 0.28  Med: 5.03 Max: N/A
Current: 6.28
Equity to Asset 0.76
FSLR's Equity to Asset is ranked higher than
70% of the 851 Companies
in the Global Solar industry.

( Industry Median: 0.64 vs. FSLR: 0.76 )
Ranked among companies with meaningful Equity to Asset only.
FSLR' s Equity to Asset Range Over the Past 10 Years
Min: 0.13  Med: 0.74 Max: 0.83
Current: 0.76
0.13
0.83
Interest Coverage 65.83
FSLR's Interest Coverage is ranked higher than
60% of the 567 Companies
in the Global Solar industry.

( Industry Median: 31.71 vs. FSLR: 65.83 )
Ranked among companies with meaningful Interest Coverage only.
FSLR' s Interest Coverage Range Over the Past 10 Years
Min: 2.75  Med: 162.43 Max: 9999.99
Current: 65.83
2.75
9999.99
F-Score: 6
Z-Score: 3.53
M-Score: -1.96
WACC vs ROIC
21.07%
18.70%
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 (%) 19.00
FSLR's Operating margin (%) is ranked higher than
90% of the 854 Companies
in the Global Solar industry.

( Industry Median: 4.26 vs. FSLR: 19.00 )
Ranked among companies with meaningful Operating margin (%) only.
FSLR' s Operating margin (%) Range Over the Past 10 Years
Min: -2.48  Med: 13.48 Max: 35.17
Current: 19
-2.48
35.17
Net-margin (%) 19.67
FSLR's Net-margin (%) is ranked higher than
91% of the 854 Companies
in the Global Solar industry.

( Industry Median: 3.64 vs. FSLR: 19.67 )
Ranked among companies with meaningful Net-margin (%) only.
FSLR' s Net-margin (%) Range Over the Past 10 Years
Min: -2.86  Med: 13.49 Max: 31.42
Current: 19.67
-2.86
31.42
ROE (%) 14.58
FSLR's ROE (%) is ranked higher than
79% of the 838 Companies
in the Global Solar industry.

( Industry Median: 5.13 vs. FSLR: 14.58 )
Ranked among companies with meaningful ROE (%) only.
FSLR' s ROE (%) Range Over the Past 10 Years
Min: -2.66  Med: 9.54 Max: 30.73
Current: 14.58
-2.66
30.73
ROA (%) 10.99
FSLR's ROA (%) is ranked higher than
85% of the 864 Companies
in the Global Solar industry.

( Industry Median: 2.78 vs. FSLR: 10.99 )
Ranked among companies with meaningful ROA (%) only.
FSLR' s ROA (%) Range Over the Past 10 Years
Min: -1.59  Med: 6.82 Max: 23.43
Current: 10.99
-1.59
23.43
ROC (Joel Greenblatt) (%) 40.60
FSLR's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 863 Companies
in the Global Solar industry.

( Industry Median: 8.59 vs. FSLR: 40.60 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FSLR' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -2.4  Med: 27.18 Max: 71.92
Current: 40.6
-2.4
71.92
Revenue Growth (3Y)(%) -3.20
FSLR's Revenue Growth (3Y)(%) is ranked lower than
62% of the 738 Companies
in the Global Solar industry.

( Industry Median: 1.00 vs. FSLR: -3.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FSLR' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 22.65 Max: 196.4
Current: -3.2
0
196.4
EBITDA Growth (3Y)(%) 41.40
FSLR's EBITDA Growth (3Y)(%) is ranked higher than
87% of the 553 Companies
in the Global Solar industry.

( Industry Median: 3.70 vs. FSLR: 41.40 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FSLR' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -23.10 Max: 202.2
Current: 41.4
0
202.2
» FSLR's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-08-04)


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

» Details

Guru Trades

Q1 2015

FSLR Guru Trades in Q1 2015

Joel Greenblatt 834,087 sh (New)
Chris Davis 4,030 sh (New)
Paul Tudor Jones 61,755 sh (+609.83%)
John Hussman 150,000 sh (unchged)
Jim Simons Sold Out
» More
Q2 2015

FSLR Guru Trades in Q2 2015

Steven Cohen 250,400 sh (New)
Jim Simons 260,100 sh (New)
John Hussman 150,000 sh (unchged)
Chris Davis Sold Out
Paul Tudor Jones 9,900 sh (-83.97%)
Joel Greenblatt 56,372 sh (-93.24%)
» More
Q3 2015

FSLR Guru Trades in Q3 2015

Paul Tudor Jones 14,700 sh (+48.48%)
Jim Simons Sold Out
John Hussman 100,000 sh (-33.33%)
Steven Cohen 161,900 sh (-35.34%)
Joel Greenblatt 9,112 sh (-83.84%)
» More
Q4 2015

FSLR Guru Trades in Q4 2015

Chris Davis 4,030 sh (New)
John Hussman 150,000 sh (+50.00%)
Paul Tudor Jones 20,167 sh (+37.19%)
Joel Greenblatt Sold Out
Steven Cohen 121,500 sh (-24.95%)
» 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%)

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Ratios

vs
industry
vs
history
P/E(ttm) 6.82
FSLR's P/E(ttm) is ranked higher than
92% of the 589 Companies
in the Global Solar industry.

( Industry Median: 19.32 vs. FSLR: 6.82 )
Ranked among companies with meaningful P/E(ttm) only.
FSLR' s P/E(ttm) Range Over the Past 10 Years
Min: 5.39  Med: 18.39 Max: 386.17
Current: 6.82
5.39
386.17
Forward P/E 15.53
FSLR's Forward P/E is ranked lower than
62% of the 118 Companies
in the Global Solar industry.

( Industry Median: 14.95 vs. FSLR: 15.53 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 6.82
FSLR's PE(NRI) is ranked higher than
92% of the 587 Companies
in the Global Solar industry.

( Industry Median: 19.30 vs. FSLR: 6.82 )
Ranked among companies with meaningful PE(NRI) only.
FSLR' s PE(NRI) Range Over the Past 10 Years
Min: 5.39  Med: 18.38 Max: 411.92
Current: 6.82
5.39
411.92
P/B 0.92
FSLR's P/B is ranked higher than
73% of the 833 Companies
in the Global Solar industry.

( Industry Median: 1.55 vs. FSLR: 0.92 )
Ranked among companies with meaningful P/B only.
FSLR' s P/B Range Over the Past 10 Years
Min: 0.3  Med: 2.36 Max: 21.54
Current: 0.92
0.3
21.54
P/S 1.36
FSLR's P/S is ranked higher than
50% of the 841 Companies
in the Global Solar industry.

( Industry Median: 1.44 vs. FSLR: 1.36 )
Ranked among companies with meaningful P/S only.
FSLR' s P/S Range Over the Past 10 Years
Min: 0.33  Med: 3.49 Max: 49.21
Current: 1.36
0.33
49.21
POCF 46.56
FSLR's POCF is ranked lower than
91% of the 505 Companies
in the Global Solar industry.

( Industry Median: 11.69 vs. FSLR: 46.56 )
Ranked among companies with meaningful POCF only.
FSLR' s POCF Range Over the Past 10 Years
Min: 1.65  Med: 16.54 Max: 344.12
Current: 46.56
1.65
344.12
EV-to-EBIT 4.67
FSLR's EV-to-EBIT is ranked higher than
92% of the 566 Companies
in the Global Solar industry.

( Industry Median: 15.25 vs. FSLR: 4.67 )
Ranked among companies with meaningful EV-to-EBIT only.
FSLR' s EV-to-EBIT Range Over the Past 10 Years
Min: -97.2  Med: 14.10 Max: 243.4
Current: 4.67
-97.2
243.4
EV-to-EBITDA 3.56
FSLR's EV-to-EBITDA is ranked higher than
89% of the 632 Companies
in the Global Solar industry.

( Industry Median: 10.66 vs. FSLR: 3.56 )
Ranked among companies with meaningful EV-to-EBITDA only.
FSLR' s EV-to-EBITDA Range Over the Past 10 Years
Min: -7.3  Med: 11.40 Max: 171.6
Current: 3.56
-7.3
171.6
PEG 0.85
FSLR's PEG is ranked higher than
70% of the 145 Companies
in the Global Solar industry.

( Industry Median: 1.66 vs. FSLR: 0.85 )
Ranked among companies with meaningful PEG only.
FSLR' s PEG Range Over the Past 10 Years
Min: 0.06  Med: 0.13 Max: 0.17
Current: 0.85
0.06
0.17
Shiller P/E 14.07
FSLR's Shiller P/E is ranked higher than
88% of the 101 Companies
in the Global Solar industry.

( Industry Median: 37.49 vs. FSLR: 14.07 )
Ranked among companies with meaningful Shiller P/E only.
FSLR' s Shiller P/E Range Over the Past 10 Years
Min: 12.96  Med: 19.23 Max: 28
Current: 14.07
12.96
28
Current Ratio 3.08
FSLR's Current Ratio is ranked higher than
61% of the 853 Companies
in the Global Solar industry.

( Industry Median: 2.42 vs. FSLR: 3.08 )
Ranked among companies with meaningful Current Ratio only.
FSLR' s Current Ratio Range Over the Past 10 Years
Min: 0.78  Med: 3.20 Max: 7.46
Current: 3.08
0.78
7.46
Quick Ratio 2.66
FSLR's Quick Ratio is ranked higher than
66% of the 853 Companies
in the Global Solar industry.

( Industry Median: 1.84 vs. FSLR: 2.66 )
Ranked among companies with meaningful Quick Ratio only.
FSLR' s Quick Ratio Range Over the Past 10 Years
Min: 0.58  Med: 2.67 Max: 7.14
Current: 2.66
0.58
7.14
Days Inventory 56.58
FSLR's Days Inventory is ranked higher than
67% of the 825 Companies
in the Global Solar industry.

( Industry Median: 80.01 vs. FSLR: 56.58 )
Ranked among companies with meaningful Days Inventory only.
FSLR' s Days Inventory Range Over the Past 10 Years
Min: 40.98  Med: 56.86 Max: 68.32
Current: 56.58
40.98
68.32
Days Sales Outstanding 32.23
FSLR's Days Sales Outstanding is ranked higher than
84% of the 777 Companies
in the Global Solar industry.

( Industry Median: 61.36 vs. FSLR: 32.23 )
Ranked among companies with meaningful Days Sales Outstanding only.
FSLR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 13.16  Med: 42.35 Max: 103.43
Current: 32.23
13.16
103.43
Days Payable 35.66
FSLR's Days Payable is ranked lower than
67% of the 780 Companies
in the Global Solar industry.

( Industry Median: 48.17 vs. FSLR: 35.66 )
Ranked among companies with meaningful Days Payable only.
FSLR' s Days Payable Range Over the Past 10 Years
Min: 21.79  Med: 37.05 Max: 145.06
Current: 35.66
21.79
145.06

Valuation & Return

vs
industry
vs
history
Price/Net Cash 128.90
FSLR's Price/Net Cash is ranked lower than
95% of the 294 Companies
in the Global Solar industry.

( Industry Median: 8.46 vs. FSLR: 128.90 )
Ranked among companies with meaningful Price/Net Cash only.
FSLR' s Price/Net Cash Range Over the Past 10 Years
Min: 15.3  Med: 58.71 Max: 1446
Current: 128.9
15.3
1446
Price/Net Current Asset Value 3.75
FSLR's Price/Net Current Asset Value is ranked lower than
53% of the 582 Companies
in the Global Solar industry.

( Industry Median: 3.71 vs. FSLR: 3.75 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
FSLR' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 2.73  Med: 10.06 Max: 52.77
Current: 3.75
2.73
52.77
Price/Tangible Book 0.97
FSLR's Price/Tangible Book is ranked higher than
75% of the 811 Companies
in the Global Solar industry.

( Industry Median: 1.71 vs. FSLR: 0.97 )
Ranked among companies with meaningful Price/Tangible Book only.
FSLR' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.4  Med: 2.57 Max: 19.73
Current: 0.97
0.4
19.73
Price/Projected FCF 1.08
FSLR's Price/Projected FCF is ranked higher than
57% of the 463 Companies
in the Global Solar industry.

( Industry Median: 1.30 vs. FSLR: 1.08 )
Ranked among companies with meaningful Price/Projected FCF only.
FSLR' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.57  Med: 1.43 Max: 8.58
Current: 1.08
0.57
8.58
Price/Median PS Value 0.39
FSLR's Price/Median PS Value is ranked higher than
95% of the 788 Companies
in the Global Solar industry.

( Industry Median: 1.00 vs. FSLR: 0.39 )
Ranked among companies with meaningful Price/Median PS Value only.
FSLR' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.12  Med: 0.92 Max: 11.79
Current: 0.39
0.12
11.79
Price/Graham Number 0.55
FSLR's Price/Graham Number is ranked higher than
90% of the 571 Companies
in the Global Solar industry.

( Industry Median: 1.27 vs. FSLR: 0.55 )
Ranked among companies with meaningful Price/Graham Number only.
FSLR' s Price/Graham Number Range Over the Past 10 Years
Min: 0.41  Med: 1.72 Max: 10.82
Current: 0.55
0.41
10.82
Earnings Yield (Greenblatt) (%) 21.42
FSLR's Earnings Yield (Greenblatt) (%) is ranked higher than
94% of the 846 Companies
in the Global Solar industry.

( Industry Median: 3.20 vs. FSLR: 21.42 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FSLR' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 6.55 Max: 27.3
Current: 21.42
0.4
27.3
Forward Rate of Return (Yacktman) (%) 64.69
FSLR's Forward Rate of Return (Yacktman) (%) is ranked higher than
99% of the 348 Companies
in the Global Solar industry.

( Industry Median: 5.20 vs. FSLR: 64.69 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FSLR' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -1.7  Med: 1.10 Max: 130.4
Current: 64.69
-1.7
130.4

More Statistics

Revenue(Mil) $3958
EPS $ 7.61
Beta2.68
Short Percentage of Float6.44%
52-Week Range $40.25 - 74.29
Shares Outstanding(Mil)102.25

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 3,830 3,141 3,821
EPS($) 3.97 3.40 4.03
EPS without NRI($) 3.97 3.40 4.03

Business Description

Industry: Semiconductors » Solar
Compare:SZSE:002506, NAS:SPI, NAS:SPWR, HKSE:00968, SHSE:603806 » details
Traded in other countries:FSLR.Argentina, F3A.Germany, FSLR.Mexico, FSLR.Switzerland, 0R06.UK,
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 FSLR

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