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Also traded in: Germany, Mexico, Singapore, Switzerland

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 : 4/10

vs
industry
vs
history
Cash to Debt 0.31
NYSE:TSL's Cash to Debt is ranked lower than
81% of the 857 Companies
in the Global Solar industry.

( Industry Median: 1.63 vs. NYSE:TSL: 0.31 )
Ranked among companies with meaningful Cash to Debt only.
NYSE:TSL' s Cash to Debt Range Over the Past 10 Years
Min: 0.11  Med: 0.55 Max: N/A
Current: 0.31
Equity to Asset 0.22
NYSE:TSL's Equity to Asset is ranked lower than
93% of the 849 Companies
in the Global Solar industry.

( Industry Median: 0.62 vs. NYSE:TSL: 0.22 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:TSL' s Equity to Asset Range Over the Past 10 Years
Min: 0.18  Med: 0.43 Max: 0.7
Current: 0.22
0.18
0.7
Interest Coverage 3.11
NYSE:TSL's Interest Coverage is ranked lower than
86% of the 660 Companies
in the Global Solar industry.

( Industry Median: 52.07 vs. NYSE:TSL: 3.11 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:TSL' s Interest Coverage Range Over the Past 10 Years
Min: 0.88  Med: 5.02 Max: 12.29
Current: 3.11
0.88
12.29
F-Score: 5
Z-Score: 1.07
WACC vs ROIC
6.00%
7.04%
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 (%) 6.10
NYSE:TSL's Operating margin (%) is ranked higher than
57% of the 856 Companies
in the Global Solar industry.

( Industry Median: 3.99 vs. NYSE:TSL: 6.10 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:TSL' s Operating margin (%) Range Over the Past 10 Years
Min: -20.43  Med: 11.97 Max: 22.47
Current: 6.1
-20.43
22.47
Net-margin (%) 2.51
NYSE:TSL's Net-margin (%) is ranked lower than
51% of the 855 Companies
in the Global Solar industry.

( Industry Median: 2.88 vs. NYSE:TSL: 2.51 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:TSL' s Net-margin (%) Range Over the Past 10 Years
Min: -20.56  Med: 9.12 Max: 16.77
Current: 2.51
-20.56
16.77
ROE (%) 8.37
NYSE:TSL's ROE (%) is ranked higher than
65% of the 835 Companies
in the Global Solar industry.

( Industry Median: 4.63 vs. NYSE:TSL: 8.37 )
Ranked among companies with meaningful ROE (%) only.
NYSE:TSL' s ROE (%) Range Over the Past 10 Years
Min: -26.3  Med: 14.05 Max: 34.2
Current: 8.37
-26.3
34.2
ROA (%) 1.99
NYSE:TSL's ROA (%) is ranked lower than
51% of the 863 Companies
in the Global Solar industry.

( Industry Median: 2.16 vs. NYSE:TSL: 1.99 )
Ranked among companies with meaningful ROA (%) only.
NYSE:TSL' s ROA (%) Range Over the Past 10 Years
Min: -9.28  Med: 7.9 Max: 16.92
Current: 1.99
-9.28
16.92
ROC (Joel Greenblatt) (%) 8.98
NYSE:TSL's ROC (Joel Greenblatt) (%) is ranked higher than
54% of the 862 Companies
in the Global Solar industry.

( Industry Median: 7.28 vs. NYSE:TSL: 8.98 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NYSE:TSL' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -18.57  Med: 16.5 Max: 46.99
Current: 8.98
-18.57
46.99
Revenue Growth (3Y)(%) -2.80
NYSE:TSL's Revenue Growth (3Y)(%) is ranked lower than
61% of the 738 Companies
in the Global Solar industry.

( Industry Median: 1.60 vs. NYSE:TSL: -2.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NYSE:TSL' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 23.4 Max: 1655.4
Current: -2.8
0
1655.4
EBITDA Growth (3Y)(%) 34.50
NYSE:TSL's EBITDA Growth (3Y)(%) is ranked higher than
82% of the 541 Companies
in the Global Solar industry.

( Industry Median: 3.70 vs. NYSE:TSL: 34.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NYSE:TSL' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: 7.35 Max: 907.4
Current: 34.5
0
907.4
» NYSE:TSL's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-11-06)


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

» Details

Guru Trades

Q3 2015

TSL Guru Trades in Q3 2015

Howard Marks 3,974,270 sh (+7.45%)
Louis Moore Bacon Sold Out
Steven Cohen Sold Out
Jim Simons 481,100 sh (-8.01%)
» More
Q4 2015

TSL Guru Trades in Q4 2015

Jim Simons 655,500 sh (+36.25%)
Howard Marks 3,668,722 sh (-7.69%)
» More
Q1 2016

TSL Guru Trades in Q1 2016

Howard Marks 3,668,722 sh (unchged)
Jim Simons 106,100 sh (-83.81%)
» More
Q2 2016

TSL Guru Trades in Q2 2016

Leucadia National 55,000 sh (New)
Howard Marks 3,608,122 sh (-1.65%)
Jim Simons 97,900 sh (-7.73%)
» More
» Details

Insider Trades

Latest Guru Trades with TSL

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Semiconductors » Solar
Compare:NAS:HQCL, OTCPK:SMTGF, NAS:SPWR, NAS:CSIQ, NAS:SEDG, NAS:RUN, NYSE:JKS, NYSE:VSLR, NAS:JASO, NYSE:SOL, OTCPK:SEYMF, OTCPK:CMHXF, OTCPK:AJGH, NYSE:YGE, OTCPK:SRWRY, OTCPK:OPVS, NAS:SUNW, OTCPK:SVLT, OTCPK:QTMM, OTCPK:EVOMY » details
Traded in other countries:TR3.Germany, TSLN.Mexico, K3KD.Singapore, TSL.Switzerland,
Trina Solar Ltd is integrated solar-power products manufacturer and solar system developer based in China. The Company distributes its products in Europe, Asia, North America, Australia and Africa.

Trina Solar Ltd was incorporated on March 14, 2006 in Cayman Islands. It is integrated solar-power products manufacturer and solar system developer based in China. The Company operates in a single business segment which is comprised of the production of mono- and multi-crystalline silicon ingots, wafers, cells and related products and the subsequent assembly and marketing of solar modules, which are panels packed with interconnected solar cells that convert sunlight into electricity. It also develops, design, construct and sell solar power projects that use the solar modules it manufacture. It designs, develop, manufacture and sell efficiency PV modules. PV modules are arrays of interconnected solar cells encased in a weatherproof frame. It produces standard solar monocrystalline modules ranging from between 205 W and 215 W to between 260 W and 270 W in power output and multicrystalline modules ranging from 240 W to 310 W in power output, built to general specifications used in residential, commercial, industrial and other solar power generation systems. The Company's sales and distribution channels include solar power markets in United Kingdom, India, Australia and Japan, as well as other markets in Asia, Africa, the Middle East, Latin America, and the Caribbean Islands. The Company competes with other PV module manufacturing companies, including dedicated PV manufacturers such as Yingli Green Energy Holding Co., Ltd., First Solar, Inc., GCL Solar Energy Technology Holdings Inc., JinkoSolar Holding Co., Ltd., and Canadian Solar Inc. as well as multinational conglomerates such as Sharp Electronic Corporation and Mitsubishi Electric Corporation. The Company's operations are subject to regulation and periodic monitoring by local environmental protection authorities.

Ratios

vs
industry
vs
history
P/E(ttm) 12.79
TSL's P/E(ttm) is ranked higher than
76% of the 564 Companies
in the Global Solar industry.

( Industry Median: 20.65 vs. TSL: 12.79 )
Ranked among companies with meaningful P/E(ttm) only.
TSL' s P/E(ttm) Range Over the Past 10 Years
Min: 1.8  Med: 13.31 Max: 76.42
Current: 12.79
1.8
76.42
Forward P/E 19.19
TSL's Forward P/E is ranked lower than
61% of the 107 Companies
in the Global Solar industry.

( Industry Median: 16.75 vs. TSL: 19.19 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 12.79
TSL's PE(NRI) is ranked higher than
76% of the 559 Companies
in the Global Solar industry.

( Industry Median: 20.68 vs. TSL: 12.79 )
Ranked among companies with meaningful PE(NRI) only.
TSL' s PE(NRI) Range Over the Past 10 Years
Min: 2.08  Med: 13.35 Max: 80.43
Current: 12.79
2.08
80.43
P/B 0.98
TSL's P/B is ranked higher than
75% of the 828 Companies
in the Global Solar industry.

( Industry Median: 1.68 vs. TSL: 0.98 )
Ranked among companies with meaningful P/B only.
TSL' s P/B Range Over the Past 10 Years
Min: 0.19  Med: 1.13 Max: 7.42
Current: 0.98
0.19
7.42
P/S 0.29
TSL's P/S is ranked higher than
93% of the 841 Companies
in the Global Solar industry.

( Industry Median: 1.51 vs. TSL: 0.29 )
Ranked among companies with meaningful P/S only.
TSL' s P/S Range Over the Past 10 Years
Min: 0.11  Med: 0.5 Max: 7.82
Current: 0.29
0.11
7.82
EV-to-EBIT 11.93
TSL's EV-to-EBIT is ranked higher than
64% of the 553 Companies
in the Global Solar industry.

( Industry Median: 16.33 vs. TSL: 11.93 )
Ranked among companies with meaningful EV-to-EBIT only.
TSL' s EV-to-EBIT Range Over the Past 10 Years
Min: -46.3  Med: 12 Max: 207.4
Current: 11.93
-46.3
207.4
EV-to-EBITDA 11.93
TSL's EV-to-EBITDA is ranked lower than
52% of the 617 Companies
in the Global Solar industry.

( Industry Median: 11.59 vs. TSL: 11.93 )
Ranked among companies with meaningful EV-to-EBITDA only.
TSL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -33.8  Med: 10.55 Max: 207.4
Current: 11.93
-33.8
207.4
Shiller P/E 19.48
TSL's Shiller P/E is ranked higher than
85% of the 100 Companies
in the Global Solar industry.

( Industry Median: 41.20 vs. TSL: 19.48 )
Ranked among companies with meaningful Shiller P/E only.
TSL' s Shiller P/E Range Over the Past 10 Years
Min: 13.58  Med: 23.87 Max: 44.73
Current: 19.48
13.58
44.73
Current Ratio 1.01
TSL's Current Ratio is ranked lower than
86% of the 857 Companies
in the Global Solar industry.

( Industry Median: 2.25 vs. TSL: 1.01 )
Ranked among companies with meaningful Current Ratio only.
TSL' s Current Ratio Range Over the Past 10 Years
Min: 0.82  Med: 1.32 Max: 2.83
Current: 1.01
0.82
2.83
Quick Ratio 0.84
TSL's Quick Ratio is ranked lower than
81% of the 856 Companies
in the Global Solar industry.

( Industry Median: 1.73 vs. TSL: 0.84 )
Ranked among companies with meaningful Quick Ratio only.
TSL' s Quick Ratio Range Over the Past 10 Years
Min: 0.61  Med: 1.04 Max: 2.61
Current: 0.84
0.61
2.61
Days Inventory 59.86
TSL's Days Inventory is ranked higher than
64% of the 825 Companies
in the Global Solar industry.

( Industry Median: 77.94 vs. TSL: 59.86 )
Ranked among companies with meaningful Days Inventory only.
TSL' s Days Inventory Range Over the Past 10 Years
Min: 22.97  Med: 61.59 Max: 85.47
Current: 59.86
22.97
85.47
Days Sales Outstanding 67.70
TSL's Days Sales Outstanding is ranked lower than
56% of the 775 Companies
in the Global Solar industry.

( Industry Median: 62.56 vs. TSL: 67.70 )
Ranked among companies with meaningful Days Sales Outstanding only.
TSL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.15  Med: 88.47 Max: 124.36
Current: 67.7
46.15
124.36
Days Payable 154.67
TSL's Days Payable is ranked higher than
94% of the 756 Companies
in the Global Solar industry.

( Industry Median: 49.14 vs. TSL: 154.67 )
Ranked among companies with meaningful Days Payable only.
TSL' s Days Payable Range Over the Past 10 Years
Min: 34.18  Med: 88.75 Max: 154.67
Current: 154.67
34.18
154.67

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -4.20
TSL's 3-Year Average Share Buyback Ratio is ranked lower than
59% of the 597 Companies
in the Global Solar industry.

( Industry Median: -2.50 vs. TSL: -4.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TSL' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -18  Med: -4.2 Max: 72.3
Current: -4.2
-18
72.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.04
TSL's Price/Tangible Book is ranked higher than
75% of the 801 Companies
in the Global Solar industry.

( Industry Median: 1.87 vs. TSL: 1.04 )
Ranked among companies with meaningful Price/Tangible Book only.
TSL' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.37  Med: 1.27 Max: 5.55
Current: 1.04
0.37
5.55
Price/Projected FCF 1.50
TSL's Price/Projected FCF is ranked lower than
52% of the 459 Companies
in the Global Solar industry.

( Industry Median: 1.44 vs. TSL: 1.50 )
Ranked among companies with meaningful Price/Projected FCF only.
TSL' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.42  Med: 1.77 Max: 3.12
Current: 1.5
0.42
3.12
Price/Median PS Value 0.59
TSL's Price/Median PS Value is ranked higher than
90% of the 767 Companies
in the Global Solar industry.

( Industry Median: 1.08 vs. TSL: 0.59 )
Ranked among companies with meaningful Price/Median PS Value only.
TSL' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.4  Med: 1.1 Max: 11.48
Current: 0.59
0.4
11.48
Price/Peter Lynch Fair Value 0.19
TSL's Price/Peter Lynch Fair Value is ranked lower than
99.99% of the 114 Companies
in the Global Solar industry.

( Industry Median: 1.23 vs. TSL: 0.19 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
TSL' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0  Med: 0.24 Max: 0.3
Current: 0.19
0
0.3
Price/Graham Number 0.77
TSL's Price/Graham Number is ranked higher than
85% of the 522 Companies
in the Global Solar industry.

( Industry Median: 1.38 vs. TSL: 0.77 )
Ranked among companies with meaningful Price/Graham Number only.
TSL' s Price/Graham Number Range Over the Past 10 Years
Min: 0.23  Med: 0.9 Max: 3.73
Current: 0.77
0.23
3.73
Earnings Yield (Greenblatt) (%) 8.39
TSL's Earnings Yield (Greenblatt) (%) is ranked higher than
76% of the 844 Companies
in the Global Solar industry.

( Industry Median: 2.70 vs. TSL: 8.39 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
TSL' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.5  Med: 6.9 Max: 31.9
Current: 8.39
0.5
31.9
Forward Rate of Return (Yacktman) (%) 71.53
TSL's Forward Rate of Return (Yacktman) (%) is ranked higher than
99% of the 360 Companies
in the Global Solar industry.

( Industry Median: 5.83 vs. TSL: 71.53 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
TSL' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -102.8  Med: -15.9 Max: 274.3
Current: 71.53
-102.8
274.3

More Statistics

Revenue (TTM) (Mil) $3,533
EPS (TTM) $ 0.81
Beta1.09
Short Percentage of Float4.97%
52-Week Range $6.91 - 11.35
Shares Outstanding (Mil)92.58

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 3,597 3,572 3,213
EPS ($) 1.06 0.46 0.13
EPS w/o NRI ($) 1.06 0.46 0.13
EPS Growth Rate
(3Y to 5Y Estimate)
0.46%
Dividends Per Share ($)
» More Articles for NYSE:TSL

Headlines

Articles On GuruFocus.com
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A Hedge Fund Exposed to China-based Companies Oct 19 2014 
SolarCity’s IPO Up and Running, Gurus Who Own Competing Companies Brought to Light Dec 13 2012 
Can First Solar Benefit from a Revitalized Loan Guarantee Program? Apr 20 2012 
5 High Growth Tech Stocks For 2012 Mar 31 2012 
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