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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 : 7/10

vs
industry
vs
history
Cash to Debt 2.66
FSLR's Cash to Debt is ranked higher than
51% of the 861 Companies
in the Global Solar industry.

( Industry Median: 2.56 vs. FSLR: 2.66 )
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: 2.66
Equity to Asset 0.74
FSLR's Equity to Asset is ranked higher than
62% of the 857 Companies
in the Global Solar industry.

( Industry Median: 0.66 vs. FSLR: 0.74 )
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: 0.74
0.13
0.83
Interest Coverage 18.32
FSLR's Interest Coverage is ranked lower than
61% of the 708 Companies
in the Global Solar industry.

( Industry Median: 43.48 vs. FSLR: 18.32 )
Ranked among companies with meaningful Interest Coverage only.
FSLR' s Interest Coverage Range Over the Past 10 Years
Min: 2.75  Med: 162.93 Max: 124817.17
Current: 18.32
2.75
124817.17
F-Score: 2
Z-Score: 2.36
M-Score: -2.54
WACC vs ROIC
12.75%
10.07%
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 (%) 11.56
FSLR's Operating margin (%) is ranked higher than
76% of the 858 Companies
in the Global Solar industry.

( Industry Median: 4.01 vs. FSLR: 11.56 )
Ranked among companies with meaningful Operating margin (%) only.
FSLR' s Operating margin (%) Range Over the Past 10 Years
Min: -2.48  Med: 13.44 Max: 35.17
Current: 11.56
-2.48
35.17
Net-margin (%) 14.71
FSLR's Net-margin (%) is ranked higher than
85% of the 857 Companies
in the Global Solar industry.

( Industry Median: 2.72 vs. FSLR: 14.71 )
Ranked among companies with meaningful Net-margin (%) only.
FSLR' s Net-margin (%) Range Over the Past 10 Years
Min: -2.86  Med: 13.48 Max: 31.42
Current: 14.71
-2.86
31.42
ROE (%) 8.83
FSLR's ROE (%) is ranked higher than
68% of the 842 Companies
in the Global Solar industry.

( Industry Median: 3.71 vs. FSLR: 8.83 )
Ranked among companies with meaningful ROE (%) only.
FSLR' s ROE (%) Range Over the Past 10 Years
Min: -2.66  Med: 9.51 Max: 30.73
Current: 8.83
-2.66
30.73
ROA (%) 6.68
FSLR's ROA (%) is ranked higher than
76% of the 865 Companies
in the Global Solar industry.

( Industry Median: 2.00 vs. FSLR: 6.68 )
Ranked among companies with meaningful ROA (%) only.
FSLR' s ROA (%) Range Over the Past 10 Years
Min: -1.59  Med: 6.81 Max: 23.43
Current: 6.68
-1.59
23.43
ROC (Joel Greenblatt) (%) 23.16
FSLR's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 864 Companies
in the Global Solar industry.

( Industry Median: 7.13 vs. FSLR: 23.16 )
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: 23.16
-2.4
71.92
Revenue Growth (3Y)(%) -3.20
FSLR's Revenue Growth (3Y)(%) is ranked lower than
63% of the 738 Companies
in the Global Solar industry.

( Industry Median: 1.90 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
86% of the 540 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 Max: 202.2
Current: 41.4
0
202.2
» FSLR's 10-Y Financials

Financials (Next Earnings Date: 2017-02-16)


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

» Details

Guru Trades

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
Q1 2016

FSLR Guru Trades in Q1 2016

Jim Simons 472,400 sh (New)
Pioneer Investments 510,525 sh (New)
Joel Greenblatt 110,551 sh (New)
Louis Moore Bacon 33,300 sh (New)
John Hussman 200,000 sh (+33.33%)
Steven Cohen 50,000 sh (unchged)
Chris Davis Sold Out
Steven Cohen Sold Out
Paul Tudor Jones 10,100 sh (-49.92%)
» More
Q2 2016

FSLR Guru Trades in Q2 2016

Steven Cohen 40,000 sh (New)
Caxton Associates 15,000 sh (New)
Paul Tudor Jones 22,737 sh (+125.12%)
Joel Greenblatt 156,740 sh (+41.78%)
Pioneer Investments 538,259 sh (+5.43%)
Steven Cohen 50,000 sh (unchged)
Louis Moore Bacon Sold Out
Jim Simons Sold Out
John Hussman 125,000 sh (-37.50%)
» More
Q3 2016

FSLR Guru Trades in Q3 2016

Pioneer Investments 1,092,367 sh (+102.94%)
Joel Greenblatt Sold Out
Steven Cohen Sold Out
Caxton Associates Sold Out
John Hussman 100,000 sh (-20.00%)
Paul Tudor Jones 12,400 sh (-45.46%)
» More
» Details

Insider Trades

Latest Guru Trades with NAS:FSLR

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Business Description

Industry: Semiconductors » Solar
Compare:NAS:SPWR, NYSE:TSL, NAS:CSIQ, NAS:HQCL, NAS:RUN, NAS:SEDG, NYSE:JKS, NYSE:VSLR, OTCPK:CSSXF, NAS:JASO, NYSE:SOL, OTCPK:AJGH, OTCPK:CMHXF, OTCPK:DYSOY, NYSE:YGE, OTCPK:SRWRF, NAS:SUNW, OTCPK:OPVS, OTCPK:QTMM, OTCPK:EVSI » details
Traded in other countries:FSLR.Argentina, F3A.Germany, FSLR.Mexico, FSLR.Switzerland, 0R06.UK,
First Solar Inc is a provider of solar energy solutions. It designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. It also manufactures crystalline silicon solar modules.

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. It manufactures and sells solar modules with thin film semiconductor technology, and it designs, constructs and sells photovoltaic (PV) solar power systems. Its 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 project development, EPC services, 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 competitive and continually evolving as participants strive to distinguish themselves within their markets and compete within the larger electric power industry. It 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 & regulations.

Ratios

vs
industry
vs
history
P/E(ttm) 6.17
FSLR's P/E(ttm) is ranked higher than
94% of the 634 Companies
in the Global Solar industry.

( Industry Median: 20.98 vs. FSLR: 6.17 )
Ranked among companies with meaningful P/E(ttm) only.
FSLR' s P/E(ttm) Range Over the Past 10 Years
Min: 5.38  Med: 17.96 Max: 297.77
Current: 6.17
5.38
297.77
Forward P/E 80.65
FSLR's Forward P/E is ranked lower than
98% of the 131 Companies
in the Global Solar industry.

( Industry Median: 16.89 vs. FSLR: 80.65 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 6.17
FSLR's PE(NRI) is ranked higher than
95% of the 577 Companies
in the Global Solar industry.

( Industry Median: 21.30 vs. FSLR: 6.17 )
Ranked among companies with meaningful PE(NRI) only.
FSLR' s PE(NRI) Range Over the Past 10 Years
Min: 5.38  Med: 17.96 Max: 308.94
Current: 6.17
5.38
308.94
P/B 0.53
FSLR's P/B is ranked higher than
91% of the 958 Companies
in the Global Solar industry.

( Industry Median: 1.48 vs. FSLR: 0.53 )
Ranked among companies with meaningful P/B only.
FSLR' s P/B Range Over the Past 10 Years
Min: 0.3  Med: 1.48 Max: 21.54
Current: 0.53
0.3
21.54
P/S 0.95
FSLR's P/S is ranked higher than
68% of the 947 Companies
in the Global Solar industry.

( Industry Median: 1.42 vs. FSLR: 0.95 )
Ranked among companies with meaningful P/S only.
FSLR' s P/S Range Over the Past 10 Years
Min: 0.33  Med: 2.11 Max: 49.21
Current: 0.95
0.33
49.21
EV-to-EBIT 4.05
FSLR's EV-to-EBIT is ranked higher than
95% of the 655 Companies
in the Global Solar industry.

( Industry Median: 16.42 vs. FSLR: 4.05 )
Ranked among companies with meaningful EV-to-EBIT only.
FSLR' s EV-to-EBIT Range Over the Past 10 Years
Min: -97.2  Med: 13.8 Max: 243.4
Current: 4.05
-97.2
243.4
EV-to-EBITDA 2.63
FSLR's EV-to-EBITDA is ranked higher than
96% of the 736 Companies
in the Global Solar industry.

( Industry Median: 11.93 vs. FSLR: 2.63 )
Ranked among companies with meaningful EV-to-EBITDA only.
FSLR' s EV-to-EBITDA Range Over the Past 10 Years
Min: -7.3  Med: 10.6 Max: 171.6
Current: 2.63
-7.3
171.6
PEG 0.78
FSLR's PEG is ranked higher than
79% of the 183 Companies
in the Global Solar industry.

( Industry Median: 1.90 vs. FSLR: 0.78 )
Ranked among companies with meaningful PEG only.
FSLR' s PEG Range Over the Past 10 Years
Min: 0.06  Med: 0.13 Max: 0.78
Current: 0.78
0.06
0.78
Shiller P/E 7.71
FSLR's Shiller P/E is ranked higher than
96% of the 102 Companies
in the Global Solar industry.

( Industry Median: 42.44 vs. FSLR: 7.71 )
Ranked among companies with meaningful Shiller P/E only.
FSLR' s Shiller P/E Range Over the Past 10 Years
Min: 7.49  Med: 17.84 Max: 27.9
Current: 7.71
7.49
27.9
Current Ratio 2.46
FSLR's Current Ratio is ranked higher than
54% of the 860 Companies
in the Global Solar industry.

( Industry Median: 2.29 vs. FSLR: 2.46 )
Ranked among companies with meaningful Current Ratio only.
FSLR' s Current Ratio Range Over the Past 10 Years
Min: 0.78  Med: 3.2 Max: 7.46
Current: 2.46
0.78
7.46
Quick Ratio 2.20
FSLR's Quick Ratio is ranked higher than
59% of the 859 Companies
in the Global Solar industry.

( Industry Median: 1.82 vs. FSLR: 2.20 )
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: 2.2
0.58
7.14
Days Inventory 56.21
FSLR's Days Inventory is ranked higher than
67% of the 827 Companies
in the Global Solar industry.

( Industry Median: 78.21 vs. FSLR: 56.21 )
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: 56.21
40.98
68.32
Days Sales Outstanding 34.55
FSLR's Days Sales Outstanding is ranked higher than
82% of the 780 Companies
in the Global Solar industry.

( Industry Median: 62.33 vs. FSLR: 34.55 )
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: 34.55
13.16
103.43
Days Payable 28.99
FSLR's Days Payable is ranked lower than
75% of the 755 Companies
in the Global Solar industry.

( Industry Median: 50.62 vs. FSLR: 28.99 )
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: 28.99
21.79
145.06

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -5.30
FSLR's 3-Year Average Share Buyback Ratio is ranked lower than
64% of the 600 Companies
in the Global Solar industry.

( Industry Median: -2.60 vs. FSLR: -5.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FSLR' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -26.2  Med: -5.05 Max: 0
Current: -5.3
-26.2
0

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 2.37
FSLR's Price/Net Current Asset Value is ranked higher than
70% of the 666 Companies
in the Global Solar industry.

( Industry Median: 4.26 vs. FSLR: 2.37 )
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: 2.35  Med: 9.76 Max: 52.77
Current: 2.37
2.35
52.77
Price/Tangible Book 0.54
FSLR's Price/Tangible Book is ranked higher than
91% of the 913 Companies
in the Global Solar industry.

( Industry Median: 1.57 vs. FSLR: 0.54 )
Ranked among companies with meaningful Price/Tangible Book only.
FSLR' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.4  Med: 1.59 Max: 19.73
Current: 0.54
0.4
19.73
Price/Projected FCF 0.67
FSLR's Price/Projected FCF is ranked higher than
83% of the 558 Companies
in the Global Solar industry.

( Industry Median: 1.35 vs. FSLR: 0.67 )
Ranked among companies with meaningful Price/Projected FCF only.
FSLR' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.57  Med: 1.41 Max: 8.58
Current: 0.67
0.57
8.58
Price/Median PS Value 0.43
FSLR's Price/Median PS Value is ranked higher than
93% of the 921 Companies
in the Global Solar industry.

( Industry Median: 1.06 vs. FSLR: 0.43 )
Ranked among companies with meaningful Price/Median PS Value only.
FSLR' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.2  Med: 0.99 Max: 19.51
Current: 0.43
0.2
19.51
Price/Graham Number 0.38
FSLR's Price/Graham Number is ranked higher than
97% of the 595 Companies
in the Global Solar industry.

( Industry Median: 1.31 vs. FSLR: 0.38 )
Ranked among companies with meaningful Price/Graham Number only.
FSLR' s Price/Graham Number Range Over the Past 10 Years
Min: 0.38  Med: 1.67 Max: 10.77
Current: 0.38
0.38
10.77
Earnings Yield (Greenblatt) (%) 24.91
FSLR's Earnings Yield (Greenblatt) (%) is ranked higher than
97% of the 990 Companies
in the Global Solar industry.

( Industry Median: 2.60 vs. FSLR: 24.91 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FSLR' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 6.8 Max: 30.7
Current: 24.91
0.4
30.7
Forward Rate of Return (Yacktman) (%) 63.86
FSLR's Forward Rate of Return (Yacktman) (%) is ranked higher than
98% of the 357 Companies
in the Global Solar industry.

( Industry Median: 6.09 vs. FSLR: 63.86 )
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: 1.1 Max: 130.4
Current: 63.86
-1.7
130.4

More Statistics

Revenue (TTM) (Mil) $3,413
EPS (TTM) $ 4.90
Beta1.49
Short Percentage of Float23.59%
52-Week Range $28.60 - 74.29
Shares Outstanding (Mil)103.91

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 2,862 2,599 2,293 3,019
EPS ($) 2.08 -0.91 1.14 2.57
EPS w/o NRI ($) 2.08 -0.91 1.14 2.57
EPS Growth Rate
(3Y to 5Y Estimate)
-10.52%
Dividends Per Share ($)
» More Articles for FSLR

Headlines

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Two Reasons to Buy First Solar Jul 28 2016 
Scoop Up First Solar on the Irrational Pullback May 31 2016 
First Solar's Drop Is an Opportunity You’ll Regret Missing May 23 2016 
First Solar's Pullback Is an Opportunity May 09 2016 
Will TerraForm Follow SunEdison to Bankruptcy? May 09 2016 
Why First Solar Is the Best Company in Sector Apr 27 2016 
SunEdison’s Bankruptcy Looks Inevitable Apr 06 2016 

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