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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.30
TSL's Cash to Debt is ranked lower than
53% of the 1124 Companies
in the Global Solar industry.

( Industry Median: 1.92 vs. TSL: 0.30 )
TSL' s 10-Year Cash to Debt Range
Min: 0.11   Max: No Debt
Current: 0.3

Equity to Asset 0.32
TSL's Equity to Asset is ranked lower than
59% of the 1097 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. TSL: 0.32 )
TSL' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.7
Current: 0.32

0.18
0.7
F-Score: 7
Z-Score: 1.21
M-Score: -2.86
WACC vs ROIC
7.48%
6.12%
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 (%) 5.19
TSL's Operating margin (%) is ranked higher than
70% of the 1109 Companies
in the Global Solar industry.

( Industry Median: 4.71 vs. TSL: 5.19 )
TSL' s 10-Year Operating margin (%) Range
Min: -79.23   Max: 22.47
Current: 5.19

-79.23
22.47
Net-margin (%) 3.05
TSL's Net-margin (%) is ranked higher than
65% of the 1109 Companies
in the Global Solar industry.

( Industry Median: 3.91 vs. TSL: 3.05 )
TSL' s 10-Year Net-margin (%) Range
Min: -20.56   Max: 16.77
Current: 3.05

-20.56
16.77
ROE (%) 7.44
TSL's ROE (%) is ranked higher than
74% of the 1109 Companies
in the Global Solar industry.

( Industry Median: 4.89 vs. TSL: 7.44 )
TSL' s 10-Year ROE (%) Range
Min: -26.3   Max: 34.2
Current: 7.44

-26.3
34.2
ROA (%) 2.34
TSL's ROA (%) is ranked higher than
65% of the 1125 Companies
in the Global Solar industry.

( Industry Median: 2.74 vs. TSL: 2.34 )
TSL' s 10-Year ROA (%) Range
Min: -9.28   Max: 16.92
Current: 2.34

-9.28
16.92
ROC (Joel Greenblatt) (%) 7.78
TSL's ROC (Joel Greenblatt) (%) is ranked higher than
68% of the 1121 Companies
in the Global Solar industry.

( Industry Median: 7.91 vs. TSL: 7.78 )
TSL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -20.49   Max: 49.84
Current: 7.78

-20.49
49.84
Revenue Growth (3Y)(%) 1.00
TSL's Revenue Growth (3Y)(%) is ranked higher than
76% of the 787 Companies
in the Global Solar industry.

( Industry Median: -1.80 vs. TSL: 1.00 )
TSL' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 1056.3
Current: 1

0
1056.3
EBITDA Growth (3Y)(%) -42.10
TSL's EBITDA Growth (3Y)(%) is ranked higher than
51% of the 562 Companies
in the Global Solar industry.

( Industry Median: -6.50 vs. TSL: -42.10 )
TSL' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 88.3
Current: -42.1

0
88.3
» TSL's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

TSL Guru Trades in Q1 2014

Howard Marks 1,797,124 sh (+56.09%)
Jim Simons Sold Out
Louis Moore Bacon Sold Out
Steven Cohen 43,379 sh (-75.27%)
» More
Q2 2014

TSL Guru Trades in Q2 2014

Louis Moore Bacon 567,620 sh (New)
Howard Marks 2,538,124 sh (+41.23%)
Steven Cohen 400,000 sh (unchged)
» More
Q3 2014

TSL Guru Trades in Q3 2014

Chase Coleman 2,550,000 sh (New)
Steven Cohen 701,500 sh (+75.38%)
Louis Moore Bacon 968,353 sh (+70.6%)
Howard Marks 3,145,624 sh (+23.94%)
» More
Q4 2014

TSL Guru Trades in Q4 2014

Howard Marks 3,751,724 sh (+19.27%)
Chase Coleman 2,550,000 sh (unchged)
Steven Cohen Sold Out
Louis Moore Bacon Sold Out
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2012-03-31 Sold Out 0.62%$6.77 - $10.95 $ 10.4735%0
John Burbank 2012-03-31 Sold Out 0.01%$6.77 - $10.95 $ 10.4735%0
John Hussman 2012-03-31 Sold Out $6.77 - $10.95 $ 10.4735%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 10.60
TSL's P/E(ttm) is ranked higher than
94% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 57.60 vs. TSL: 10.60 )
TSL' s 10-Year P/E(ttm) Range
Min: 2.11   Max: 47.03
Current: 10.6

2.11
47.03
Forward P/E 7.30
TSL's Forward P/E is ranked higher than
98% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. TSL: 7.30 )
N/A
PE(NRI) 12.10
TSL's PE(NRI) is ranked higher than
92% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 58.00 vs. TSL: 12.10 )
TSL' s 10-Year PE(NRI) Range
Min: 2.09   Max: 73.36
Current: 12.1

2.09
73.36
P/B 0.90
TSL's P/B is ranked higher than
88% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 2.10 vs. TSL: 0.90 )
TSL' s 10-Year P/B Range
Min: 0.19   Max: 7.42
Current: 0.9

0.19
7.42
P/S 0.38
TSL's P/S is ranked higher than
93% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 1.98 vs. TSL: 0.38 )
TSL' s 10-Year P/S Range
Min: 0.11   Max: 4.5
Current: 0.38

0.11
4.5
POCF 4.03
TSL's POCF is ranked higher than
95% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 23.77 vs. TSL: 4.03 )
TSL' s 10-Year POCF Range
Min: 1.81   Max: 32.74
Current: 4.03

1.81
32.74
EV-to-EBIT 14.83
TSL's EV-to-EBIT is ranked higher than
82% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 37.40 vs. TSL: 14.83 )
TSL' s 10-Year EV-to-EBIT Range
Min: -45.4   Max: 88.4
Current: 14.83

-45.4
88.4
Current Ratio 1.05
TSL's Current Ratio is ranked lower than
57% of the 1115 Companies
in the Global Solar industry.

( Industry Median: 2.54 vs. TSL: 1.05 )
TSL' s 10-Year Current Ratio Range
Min: 0.99   Max: 2.83
Current: 1.05

0.99
2.83
Quick Ratio 0.77
TSL's Quick Ratio is ranked lower than
57% of the 1115 Companies
in the Global Solar industry.

( Industry Median: 1.92 vs. TSL: 0.77 )
TSL' s 10-Year Quick Ratio Range
Min: 0.74   Max: 2.61
Current: 0.77

0.74
2.61
Days Inventory 77.12
TSL's Days Inventory is ranked higher than
70% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 90.27 vs. TSL: 77.12 )
TSL' s 10-Year Days Inventory Range
Min: 22.97   Max: 759.36
Current: 77.12

22.97
759.36
Days Sales Outstanding 96.44
TSL's Days Sales Outstanding is ranked higher than
56% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 71.40 vs. TSL: 96.44 )
TSL' s 10-Year Days Sales Outstanding Range
Min: 46.15   Max: 1758
Current: 96.44

46.15
1758

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.00
TSL's Price/Tangible Book is ranked higher than
89% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 2.78 vs. TSL: 1.00 )
TSL' s 10-Year Price/Tangible Book Range
Min: 0.37   Max: 5.55
Current: 1

0.37
5.55
Price/Median PS Value 0.50
TSL's Price/Median PS Value is ranked higher than
97% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 1.17 vs. TSL: 0.50 )
TSL' s 10-Year Price/Median PS Value Range
Min: 0.29   Max: 5.89
Current: 0.5

0.29
5.89
Price/Peter Lynch Fair Value 1.70
TSL's Price/Peter Lynch Fair Value is ranked higher than
50% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 0.00 vs. TSL: 1.70 )
TSL' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.49   Max: 0.98
Current: 1.7

0.49
0.98
Price/Graham Number 0.80
TSL's Price/Graham Number is ranked higher than
94% of the 1177 Companies
in the Global Solar industry.

( Industry Median: 4.50 vs. TSL: 0.80 )
TSL' s 10-Year Price/Graham Number Range
Min: 0.36   Max: 3.81
Current: 0.8

0.36
3.81
Earnings Yield (Greenblatt) 6.70
TSL's Earnings Yield (Greenblatt) is ranked higher than
81% of the 1110 Companies
in the Global Solar industry.

( Industry Median: 2.90 vs. TSL: 6.70 )
TSL' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.1   Max: 23.4
Current: 6.7

1.1
23.4
Forward Rate of Return (Yacktman) -2.11
TSL's Forward Rate of Return (Yacktman) is ranked higher than
68% of the 436 Companies
in the Global Solar industry.

( Industry Median: 7.01 vs. TSL: -2.11 )
TSL' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -102.8   Max: 30.4
Current: -2.11

-102.8
30.4

Business Description

Industry: Semiconductors » Solar
Compare:FSLR, SPWR, SOL, CSSXF, LDK » details
Traded in other countries:K3KD.Singapore, TR3.Germany, TSLN.Mexico,
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.
» More Articles for TSL

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