Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
1.43 (1y: -35%)
Market Cap 228.7 M P/E(ttm)
Enterprise Value 2.97 B P/B
LDK- NYSE (USA)
LDK Solar Company, Ltd.
Not Rated
Top Ranked Predictable Companies
$1.43
Switch to:

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 : 3/10

vs
industry		 vs
history
Cash to Debt 0.034
LDK's Cash to Debt is ranked lower than
72% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 4.44 vs. LDK: 0.034 )
LDK' s 10-Year Cash to Debt Range
Min: 0.03   Max: 0.76
Current: 0.03
0.03
0.76
Equity to Asset -0.096
LDK's Equity to Asset is ranked lower than
77% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. LDK: -0.096 )
LDK' s 10-Year Equity to Asset Range
Min: -0.1   Max: 0.53
Current: -0.1
-0.1
0.53
F-Score: 2
Z-Score: -1.49
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 : 3/10

vs
industry		 vs
history
Operating margin (%) -93.60
LDK's Operating margin (%) is ranked lower than
75% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 2.10 vs. LDK: -93.60 )
LDK' s 10-Year Operating margin (%) Range
Min: -93.6   Max: 35.2
Current: -93.6
-93.6
35.2
Net-margin (%) -112.5
LDK's Net-margin (%) is ranked lower than
75% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 1.10 vs. LDK: -112.5 )
LDK' s 10-Year Net-margin (%) Range
Min: -112.5   Max: 28.6
Current: -112.5
-112.5
28.6
ROA (%) -19.3
LDK's ROA (%) is ranked lower than
69% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.80 vs. LDK: -19.3 )
LDK' s 10-Year ROA (%) Range
Min: -19.3   Max: 11
Current: -19.3
-19.3
11
ROC (Joel Greenblatt) (%) -35.10
LDK's ROC (Joel Greenblatt) (%) is ranked lower than
67% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 4.00 vs. LDK: -35.10 )
LDK' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -35.1   Max: 24.4
Current: -35.1
-35.1
24.4
Revenue Growth (%) -10.4
LDK's Revenue Growth (%) is ranked lower than
72% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. LDK: -10.4 )
LDK' s 10-Year Revenue Growth (%) Range
Min: -10.4   Max: 63.6
Current: -10.4
-10.4
63.6
» LDK's 10-Y Financials

Financials


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

» Details

Guru Trades
Q3 2011

LDK Guru Trades in Q3 2011

Jeremy Grantham 89,000 sh (New)
» More
Q4 2011

LDK Guru Trades in Q4 2011

Jeremy Grantham Sold Out
» More
Q4 2012

LDK Guru Trades in Q4 2012

Jim Simons 72,663 sh (New)
» More
Q1 2013

LDK Guru Trades in Q1 2013

Jim Simons Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with LDK

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2010-12-31 Sold Out $9.8 - $13.9 $ 1.43-87%0
Mario Gabelli 2010-09-30 New Buy$5.2 - $10.45 $ 1.43-80%47000
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/S 0.20
LDK's P/S is ranked higher than
95% of the 963 Companies
in the Global Solar industry.

( Industry Median: 1.35 vs. LDK: 0.20 )
LDK' s 10-Year P/S Range
Min: 0.08   Max: 17.78
Current: 0.2
0.08
17.78
EV-to-EBIT 1.6
LDK's EV-to-EBIT is ranked higher than
98% of the 532 Companies
in the Global Solar industry.

( Industry Median: 16.37 vs. LDK: 1.6 )
LDK' s 10-Year EV-to-EBIT Range
Min: 5.5   Max: 365.9
Current: 1.6
5.5
365.9

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 0.8
LDK's Price/Net Current Asset Value is ranked higher than
97% of the 824 Companies
in the Global Solar industry.

( Industry Median: 10.50 vs. LDK: 0.8 )
LDK' s 10-Year Price/Net Current Asset Value Range
Min: 0.8   Max: 24.5
Current: 0.8
0.8
24.5
Price/Median PS Value 0.3
LDK's Price/Median PS Value is ranked higher than
98% of the 861 Companies
in the Global Solar industry.

( Industry Median: 1.00 vs. LDK: 0.3 )
LDK' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 12.8
Current: 0.3
0.3
12.8
Earnings Yield (Greenblatt) 62.70
LDK's Earnings Yield (Greenblatt) is ranked higher than
99% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 2.40 vs. LDK: 62.70 )
LDK' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 61.8
Current: 62.7
0.3
61.8
Forward Rate of Return (Yacktman) -219.49
LDK's Forward Rate of Return (Yacktman) is ranked lower than
75% of the 1003 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. LDK: -219.49 )
LDK' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 86.4   Max: 734.4
Current: -219.49
86.4
734.4

Business Description

LDK Solar Co., Ltd was incorporated in the Cayman Islands on May 1, 2006. In June 2007, the Company completed the IPO. The Company is a manufacturer of multicrystalline solar wafers. Solar wafers are the main raw material used to produce solar cells, which are devices capable of converting sunlight into electricity. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, it also provides wafer processing services to both monocrystalline and multicrystalline solar cell and module manufacturers, who provide it with the own silicon materials, such as polysilicon feedstock and ingots. LDK Solar processes such feedstock to produce ingots. The Company then slices such ingots and ingots provided by its customers into wafers to be delivered back to its customers. The Company manufactures multicrystalline ingots from polysilicon feedstock in its directional solidification system furnaces, or DSS furnaces, as an interim step in producing wafers. In addition to using solar-grade virgin polysilicon, The Company also use other polysilicon materials in the ingot manufacturing process. LDK Solar has developed proprietary production processes for the use of polysilicon scraps and recyclable polysilicon in manufacturing its ingots while maintaining its product quality and performance. The Company uses all of its ingots for production of is own wafers. In addition, the Company also sells polysilicon materials, which include ingots and polysilicon scraps. The Company's customers have included Gintech Energy Corporation, or Gintech, Q-Cells, Solarfun Power Holdings Co., Ltd., or Solarfun, Solland Solar Energy B.V., or Solland Solar, and Suntech Power Holdings Co., Ltd., or Suntech. The Company's customers currently comprise some of the industry leaders in the photovoltaic cell and module sector, both within and outside China. It charges a fee based on the number of wafers processed and the type of materials it received. The Company's equipment suppliers include Chemical Design Inc., or CDI, GT Solar Incorporated, or GT Solar, HCT Shaping Systems SA, an affiliate of Applied Materials, Inc., or HCT Shaping, Meyer Burger AG, or Meyer Burger, and Sinocon Machinery Company. LDK Solar also competes with players in China such as Glory Silicon, Jinggong P-D, Renesola, Shunda, SUMCO and Tianwei Yingli. Recently, many solar cell producers and polysilicon suppliers are also increasingly expanding into wafer production. These competitors include MEMC, Motech, NorSun, Q-Cells and Wacker Schott Solar. The Company is subject to a number of governmental regulations related to the storage, use and disposal of hazardous materials.
Company Website
Industry: Solar
Compare:FSLR, SPWR, SOL, CSSXF, TSL
Traded in other countries:LD41.Germany
» More Articles for NYSE:LDK

Headlines

Articles On GuruFocus.com
Can First Solar Benefit from a Revitalized Loan Guarantee Program? Apr 20 2012 
5 Solar Stocks to Consider Now Mar 29 2012 
These Chinese Solar Stocks Can Beat U.S. Solar Stocks Mar 10 2012 
What Low P/E Stocks Jeremy Grantham Is buying Jan 11 2012 
Jim Chanos’ Brillant FSLR Short Sale Sep 06 2011 
LDK Solar Updates 4Q08 and 2009 Outlook Jan 05 2009 
LDK Solar to Present at the 11th Annual Needham Growth Stock Conference Dec 23 2008 

More From Our Partners
LDK Solar Announces Updates to Warranty Insurance Package Jun 19 2013 - BENZINGA

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK