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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 6.12
FSLR's Cash to Debt is ranked higher than
66% of the 835 Companies
in the Global Solar industry.

( Industry Median: 1.85 vs. FSLR: 6.12 )
Ranked among companies with meaningful Cash to Debt only.
FSLR' s 10-Year Cash to Debt Range
Min: 0.28  Med: 4.44 Max: N/A
Current: 6.12
Equity to Asset 0.75
FSLR's Equity to Asset is ranked higher than
69% of the 811 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. FSLR: 0.75 )
Ranked among companies with meaningful Equity to Asset only.
FSLR' s 10-Year Equity to Asset Range
Min: 0.13  Med: 0.73 Max: 0.83
Current: 0.75
0.13
0.83
Interest Coverage 214.01
FSLR's Interest Coverage is ranked lower than
55% of the 501 Companies
in the Global Solar industry.

( Industry Median: 2007.22 vs. FSLR: 214.01 )
Ranked among companies with meaningful Interest Coverage only.
FSLR' s 10-Year Interest Coverage Range
Min: 2.75  Med: 204.81 Max: 9999.99
Current: 214.01
2.75
9999.99
F-Score: 5
Z-Score: 3.19
M-Score: -3.23
WACC vs ROIC
26.19%
6.16%
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 (%) 7.38
FSLR's Operating margin (%) is ranked higher than
60% of the 826 Companies
in the Global Solar industry.

( Industry Median: 4.72 vs. FSLR: 7.38 )
Ranked among companies with meaningful Operating margin (%) only.
FSLR' s 10-Year Operating margin (%) Range
Min: -4517.14  Med: 6.61 Max: 35.17
Current: 7.38
-4517.14
35.17
Net-margin (%) 7.65
FSLR's Net-margin (%) is ranked higher than
65% of the 826 Companies
in the Global Solar industry.

( Industry Median: 4.00 vs. FSLR: 7.65 )
Ranked among companies with meaningful Net-margin (%) only.
FSLR' s 10-Year Net-margin (%) Range
Min: -5351.84  Med: 2.94 Max: 31.42
Current: 7.65
-5351.84
31.42
ROE (%) 4.62
FSLR's ROE (%) is ranked lower than
52% of the 817 Companies
in the Global Solar industry.

( Industry Median: 5.15 vs. FSLR: 4.62 )
Ranked among companies with meaningful ROE (%) only.
FSLR' s 10-Year ROE (%) Range
Min: -148.15  Med: 8.33 Max: 30.73
Current: 4.62
-148.15
30.73
ROA (%) 3.39
FSLR's ROA (%) is ranked higher than
52% of the 838 Companies
in the Global Solar industry.

( Industry Median: 2.94 vs. FSLR: 3.39 )
Ranked among companies with meaningful ROA (%) only.
FSLR' s 10-Year ROA (%) Range
Min: -390.11  Med: 1.17 Max: 23.43
Current: 3.39
-390.11
23.43
ROC (Joel Greenblatt) (%) 10.48
FSLR's ROC (Joel Greenblatt) (%) is ranked higher than
52% of the 834 Companies
in the Global Solar industry.

( Industry Median: 9.21 vs. FSLR: 10.48 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FSLR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -448.4  Med: 12.45 Max: 71.92
Current: 10.48
-448.4
71.92
Revenue Growth (3Y)(%) 1.30
FSLR's Revenue Growth (3Y)(%) is ranked higher than
59% of the 516 Companies
in the Global Solar industry.

( Industry Median: -1.80 vs. FSLR: 1.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FSLR' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: 28.40 Max: 195.4
Current: 1.3
0
195.4
EBITDA Growth (3Y)(%) 46.90
FSLR's EBITDA Growth (3Y)(%) is ranked higher than
93% of the 390 Companies
in the Global Solar industry.

( Industry Median: -1.40 vs. FSLR: 46.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
FSLR' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: -30.80 Max: 202.2
Current: 46.9
0
202.2
» FSLR's 10-Y Financials

Financials


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

» Details

Guru Trades

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 (+300.00%)
Jim Simons 685,100 sh (+6.05%)
Chris Davis 4,030 sh (unchged)
John Hussman 250,000 sh (unchged)
Steven Cohen 124,900 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)
George Soros Sold Out
Paul Tudor Jones Sold Out
Louis Moore Bacon Sold Out
Joel Greenblatt 26,623 sh (-14.76%)
John Hussman 150,000 sh (-40.00%)
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)
Steven Cohen Sold Out
Chris Davis Sold Out
Joel Greenblatt Sold Out
» More
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
» 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) 20.71
FSLR's P/E(ttm) is ranked lower than
54% of the 556 Companies
in the Global Solar industry.

( Industry Median: 20.60 vs. FSLR: 20.71 )
Ranked among companies with meaningful P/E(ttm) only.
FSLR' s 10-Year P/E(ttm) Range
Min: 5.39  Med: 19.87 Max: 386.17
Current: 20.71
5.39
386.17
Forward P/E 11.55
FSLR's Forward P/E is ranked higher than
75% of the 291 Companies
in the Global Solar industry.

( Industry Median: 17.21 vs. FSLR: 11.55 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 22.90
FSLR's PE(NRI) is ranked lower than
55% of the 550 Companies
in the Global Solar industry.

( Industry Median: 20.50 vs. FSLR: 22.90 )
Ranked among companies with meaningful PE(NRI) only.
FSLR' s 10-Year PE(NRI) Range
Min: 5.39  Med: 19.86 Max: 411.92
Current: 22.9
5.39
411.92
P/B 0.90
FSLR's P/B is ranked higher than
77% of the 823 Companies
in the Global Solar industry.

( Industry Median: 1.74 vs. FSLR: 0.90 )
Ranked among companies with meaningful P/B only.
FSLR' s 10-Year P/B Range
Min: 0.3  Med: 3.29 Max: 21.25
Current: 0.9
0.3
21.25
P/S 1.57
FSLR's P/S is ranked lower than
54% of the 853 Companies
in the Global Solar industry.

( Industry Median: 1.60 vs. FSLR: 1.57 )
Ranked among companies with meaningful P/S only.
FSLR' s 10-Year P/S Range
Min: 0.33  Med: 4.41 Max: 51.11
Current: 1.57
0.33
51.11
PFCF 14.65
FSLR's PFCF is ranked higher than
59% of the 438 Companies
in the Global Solar industry.

( Industry Median: 19.40 vs. FSLR: 14.65 )
Ranked among companies with meaningful PFCF only.
FSLR' s 10-Year PFCF Range
Min: 4.27  Med: 28.40 Max: 5418
Current: 14.65
4.27
5418
POCF 7.98
FSLR's POCF is ranked higher than
68% of the 569 Companies
in the Global Solar industry.

( Industry Median: 14.17 vs. FSLR: 7.98 )
Ranked among companies with meaningful POCF only.
FSLR' s 10-Year POCF Range
Min: 1.65  Med: 17.14 Max: 341.09
Current: 7.98
1.65
341.09
EV-to-EBIT 16.99
FSLR's EV-to-EBIT is ranked lower than
54% of the 559 Companies
in the Global Solar industry.

( Industry Median: 15.54 vs. FSLR: 16.99 )
Ranked among companies with meaningful EV-to-EBIT only.
FSLR' s 10-Year EV-to-EBIT Range
Min: -67.3  Med: 15.45 Max: 348.6
Current: 16.99
-67.3
348.6
Shiller P/E 13.80
FSLR's Shiller P/E is ranked higher than
79% of the 251 Companies
in the Global Solar industry.

( Industry Median: 30.81 vs. FSLR: 13.80 )
Ranked among companies with meaningful Shiller P/E only.
FSLR' s 10-Year Shiller P/E Range
Min: 3.78  Med: 15.27 Max: 62.64
Current: 13.8
3.78
62.64
Current Ratio 3.20
FSLR's Current Ratio is ranked higher than
64% of the 826 Companies
in the Global Solar industry.

( Industry Median: 2.45 vs. FSLR: 3.20 )
Ranked among companies with meaningful Current Ratio only.
FSLR' s 10-Year Current Ratio Range
Min: 0.78  Med: 3.19 Max: 7.46
Current: 3.2
0.78
7.46
Quick Ratio 2.69
FSLR's Quick Ratio is ranked higher than
67% of the 826 Companies
in the Global Solar industry.

( Industry Median: 1.86 vs. FSLR: 2.69 )
Ranked among companies with meaningful Quick Ratio only.
FSLR' s 10-Year Quick Ratio Range
Min: 0.58  Med: 2.67 Max: 7.14
Current: 2.69
0.58
7.14
Days Inventory 71.01
FSLR's Days Inventory is ranked higher than
57% of the 802 Companies
in the Global Solar industry.

( Industry Median: 78.55 vs. FSLR: 71.01 )
Ranked among companies with meaningful Days Inventory only.
FSLR' s 10-Year Days Inventory Range
Min: 35.68  Med: 57.21 Max: 68.32
Current: 71.01
35.68
68.32
Days Sales Outstanding 42.11
FSLR's Days Sales Outstanding is ranked higher than
74% of the 763 Companies
in the Global Solar industry.

( Industry Median: 59.98 vs. FSLR: 42.11 )
Ranked among companies with meaningful Days Sales Outstanding only.
FSLR' s 10-Year Days Sales Outstanding Range
Min: 8.34  Med: 42.35 Max: 149.72
Current: 42.11
8.34
149.72

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 3.11
FSLR's Price/Net Current Asset Value is ranked higher than
57% of the 584 Companies
in the Global Solar industry.

( Industry Median: 4.17 vs. FSLR: 3.11 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
FSLR' s 10-Year Price/Net Current Asset Value Range
Min: 2.99  Med: 14.38 Max: 52.77
Current: 3.11
2.99
52.77
Price/Tangible Book 0.95
FSLR's Price/Tangible Book is ranked higher than
76% of the 789 Companies
in the Global Solar industry.

( Industry Median: 1.88 vs. FSLR: 0.95 )
Ranked among companies with meaningful Price/Tangible Book only.
FSLR' s 10-Year Price/Tangible Book Range
Min: 0.4  Med: 3.64 Max: 19.57
Current: 0.95
0.4
19.57
Price/Projected FCF 0.90
FSLR's Price/Projected FCF is ranked higher than
78% of the 306 Companies
in the Global Solar industry.

( Industry Median: 1.58 vs. FSLR: 0.90 )
Ranked among companies with meaningful Price/Projected FCF only.
FSLR' s 10-Year Price/Projected FCF Range
Min: 0.01  Med: 0.88 Max: 1.59
Current: 0.9
0.01
1.59
Price/Median PS Value 0.36
FSLR's Price/Median PS Value is ranked higher than
97% of the 786 Companies
in the Global Solar industry.

( Industry Median: 1.10 vs. FSLR: 0.36 )
Ranked among companies with meaningful Price/Median PS Value only.
FSLR' s 10-Year Price/Median PS Value Range
Min: 0.1  Med: 1.02 Max: 9.47
Current: 0.36
0.1
9.47
Price/Graham Number 0.93
FSLR's Price/Graham Number is ranked higher than
64% of the 535 Companies
in the Global Solar industry.

( Industry Median: 1.38 vs. FSLR: 0.93 )
Ranked among companies with meaningful Price/Graham Number only.
FSLR' s 10-Year Price/Graham Number Range
Min: 0.41  Med: 1.95 Max: 10.7
Current: 0.93
0.41
10.7
Earnings Yield (Greenblatt) (%) 6.74
FSLR's Earnings Yield (Greenblatt) (%) is ranked higher than
64% of the 824 Companies
in the Global Solar industry.

( Industry Median: 3.20 vs. FSLR: 6.74 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FSLR' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.3  Med: 5.90 Max: 26.4
Current: 6.74
0.3
26.4
Forward Rate of Return (Yacktman) (%) 54.38
FSLR's Forward Rate of Return (Yacktman) (%) is ranked higher than
97% of the 234 Companies
in the Global Solar industry.

( Industry Median: 3.71 vs. FSLR: 54.38 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FSLR' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -7.2  Med: 0.70 Max: 4043
Current: 54.38
-7.2
4043

Business Description

Industry: Semiconductors » Solar
Compare:SPWR, SOL, CSSXF, TSL, LDK » details
Traded in other countries:F3A.Germany, 0R06.UK, FSLR.Argentina, FSLR.Mexico, 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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