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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.22
TSL's Cash-to-Debt is ranked lower than
85% of the 759 Companies
in the Global Solar industry.

( Industry Median: 1.68 vs. TSL: 0.22 )
Ranked among companies with meaningful Cash-to-Debt only.
TSL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11  Med: 0.54 Max: N/A
Current: 0.22
Equity-to-Asset 0.23
TSL's Equity-to-Asset is ranked lower than
92% of the 757 Companies
in the Global Solar industry.

( Industry Median: 0.62 vs. TSL: 0.23 )
Ranked among companies with meaningful Equity-to-Asset only.
TSL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18  Med: 0.43 Max: 0.7
Current: 0.23
0.18
0.7
Interest Coverage 3.12
TSL's Interest Coverage is ranked lower than
88% of the 676 Companies
in the Global Solar industry.

( Industry Median: 53.52 vs. TSL: 3.12 )
Ranked among companies with meaningful Interest Coverage only.
TSL' s Interest Coverage Range Over the Past 10 Years
Min: 0.88  Med: 4.48 Max: 12.29
Current: 3.12
0.88
12.29
Piotroski F-Score: 5
Altman Z-Score: 1.16
WACC vs ROIC
5.50%
8.16%
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 : 7/10

vs
industry
vs
history
Operating Margin % 7.61
TSL's Operating Margin % is ranked higher than
62% of the 757 Companies
in the Global Solar industry.

( Industry Median: 4.28 vs. TSL: 7.61 )
Ranked among companies with meaningful Operating Margin % only.
TSL' s Operating Margin % Range Over the Past 10 Years
Min: -20.43  Med: 8.88 Max: 22.47
Current: 7.61
-20.43
22.47
Net Margin % 3.90
TSL's Net Margin % is ranked higher than
54% of the 756 Companies
in the Global Solar industry.

( Industry Median: 2.90 vs. TSL: 3.90 )
Ranked among companies with meaningful Net Margin % only.
TSL' s Net Margin % Range Over the Past 10 Years
Min: -20.56  Med: 4.99 Max: 16.77
Current: 3.9
-20.56
16.77
ROE % 12.57
TSL's ROE % is ranked higher than
77% of the 738 Companies
in the Global Solar industry.

( Industry Median: 3.89 vs. TSL: 12.57 )
Ranked among companies with meaningful ROE % only.
TSL' s ROE % Range Over the Past 10 Years
Min: -26.3  Med: 10.59 Max: 33.62
Current: 12.57
-26.3
33.62
ROA % 2.87
TSL's ROA % is ranked higher than
55% of the 763 Companies
in the Global Solar industry.

( Industry Median: 2.05 vs. TSL: 2.87 )
Ranked among companies with meaningful ROA % only.
TSL' s ROA % Range Over the Past 10 Years
Min: -9.28  Med: 4.9 Max: 16.92
Current: 2.87
-9.28
16.92
ROC (Joel Greenblatt) % 11.00
TSL's ROC (Joel Greenblatt) % is ranked higher than
57% of the 762 Companies
in the Global Solar industry.

( Industry Median: 7.93 vs. TSL: 11.00 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TSL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.57  Med: 11.52 Max: 46.99
Current: 11
-18.57
46.99
3-Year Revenue Growth Rate 16.20
TSL's 3-Year Revenue Growth Rate is ranked higher than
83% of the 711 Companies
in the Global Solar industry.

( Industry Median: 2.90 vs. TSL: 16.20 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TSL' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 19.8 Max: 1655.4
Current: 16.2
0
1655.4
GuruFocus has detected 4 Warning Signs with Trina Solar Ltd $TSL.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» TSL's 10-Y Financials

Financials (Next Earnings Date: 2017-06-03 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

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
Q3 2016

TSL Guru Trades in Q3 2016

Steven Cohen 345,100 sh (New)
Paul Tudor Jones 10,900 sh (New)
Leucadia National Sold Out
Jim Simons Sold Out
Howard Marks 2,450,845 sh (-32.07%)
» More
Q4 2016

TSL Guru Trades in Q4 2016

Paul Tudor Jones 11,455 sh (+5.09%)
Howard Marks 1,808,320 sh (-26.22%)
Steven Cohen 224,800 sh (-34.86%)
» 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    NAICS: 334413 
Compare:NAS:SPWR, OTCPK:AJGH, NAS:CSIQ, NAS:HQCL, NAS:SEDG, NYSE:JKS, NAS:RUN, OTCPK:CSSXF, NYSE:VSLR, NAS:JASO, OTCPK:CMHXF, NAS:VVPR, OTCPK:DYSOF, NYSE:SOL, OTCPK:QTMM, OTCPK:OPVS, NYSE:YGE, NAS:SUNW, OTCPK:EVSI, OTCPK:UGEIF » 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 is one of the world's largest manufacturers of solar modules. The company uses crystalline silicon technology in its production process, where silicon is employed as a semiconductor that turns sunlight into an electric current. The company also builds solar power plants in China, which are then sold to third parties once operational.

Ratios

vs
industry
vs
history
PE Ratio 8.88
TSL's PE Ratio is ranked higher than
92% of the 609 Companies
in the Global Solar industry.

( Industry Median: 24.11 vs. TSL: 8.88 )
Ranked among companies with meaningful PE Ratio only.
TSL' s PE Ratio Range Over the Past 10 Years
Min: 1.8  Med: 12.97 Max: 76.42
Current: 8.88
1.8
76.42
Forward PE Ratio 26.81
TSL's Forward PE Ratio is ranked lower than
74% of the 128 Companies
in the Global Solar industry.

( Industry Median: 19.65 vs. TSL: 26.81 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 8.88
TSL's PE Ratio without NRI is ranked higher than
92% of the 595 Companies
in the Global Solar industry.

( Industry Median: 24.03 vs. TSL: 8.88 )
Ranked among companies with meaningful PE Ratio without NRI only.
TSL' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.08  Med: 12.97 Max: 80.43
Current: 8.88
2.08
80.43
PB Ratio 1.07
TSL's PB Ratio is ranked higher than
75% of the 794 Companies
in the Global Solar industry.

( Industry Median: 1.89 vs. TSL: 1.07 )
Ranked among companies with meaningful PB Ratio only.
TSL' s PB Ratio Range Over the Past 10 Years
Min: 0.19  Med: 1.07 Max: 7.42
Current: 1.07
0.19
7.42
PS Ratio 0.35
TSL's PS Ratio is ranked higher than
92% of the 795 Companies
in the Global Solar industry.

( Industry Median: 1.69 vs. TSL: 0.35 )
Ranked among companies with meaningful PS Ratio only.
TSL' s PS Ratio Range Over the Past 10 Years
Min: 0.11  Med: 0.46 Max: 7.82
Current: 0.35
0.11
7.82
EV-to-EBIT 10.05
TSL's EV-to-EBIT is ranked higher than
79% of the 542 Companies
in the Global Solar industry.

( Industry Median: 18.88 vs. TSL: 10.05 )
Ranked among companies with meaningful EV-to-EBIT only.
TSL' s EV-to-EBIT Range Over the Past 10 Years
Min: -46.3  Med: 11.1 Max: 207.4
Current: 10.05
-46.3
207.4
EV-to-EBITDA 10.05
TSL's EV-to-EBITDA is ranked higher than
63% of the 606 Companies
in the Global Solar industry.

( Industry Median: 13.49 vs. TSL: 10.05 )
Ranked among companies with meaningful EV-to-EBITDA only.
TSL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -33.8  Med: 10.1 Max: 207.4
Current: 10.05
-33.8
207.4
Shiller PE Ratio 21.13
TSL's Shiller PE Ratio is ranked higher than
85% of the 100 Companies
in the Global Solar industry.

( Industry Median: 46.73 vs. TSL: 21.13 )
Ranked among companies with meaningful Shiller PE Ratio only.
TSL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.33  Med: 21.88 Max: 44.73
Current: 21.13
13.33
44.73
Current Ratio 1.01
TSL's Current Ratio is ranked lower than
89% of the 754 Companies
in the Global Solar industry.

( Industry Median: 2.39 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: 1.3 Max: 2.83
Current: 1.01
0.82
2.83
Quick Ratio 0.86
TSL's Quick Ratio is ranked lower than
82% of the 753 Companies
in the Global Solar industry.

( Industry Median: 1.81 vs. TSL: 0.86 )
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: 0.86
0.61
2.61
Days Inventory 62.78
TSL's Days Inventory is ranked higher than
62% of the 729 Companies
in the Global Solar industry.

( Industry Median: 77.37 vs. TSL: 62.78 )
Ranked among companies with meaningful Days Inventory only.
TSL' s Days Inventory Range Over the Past 10 Years
Min: 22.97  Med: 57.52 Max: 85.47
Current: 62.78
22.97
85.47
Days Sales Outstanding 81.68
TSL's Days Sales Outstanding is ranked lower than
69% of the 683 Companies
in the Global Solar industry.

( Industry Median: 62.74 vs. TSL: 81.68 )
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: 81.68
46.15
124.36
Days Payable 137.20
TSL's Days Payable is ranked higher than
92% of the 660 Companies
in the Global Solar industry.

( Industry Median: 49.97 vs. TSL: 137.20 )
Ranked among companies with meaningful Days Payable only.
TSL' s Days Payable Range Over the Past 10 Years
Min: 34.18  Med: 104.29 Max: 205.52
Current: 137.2
34.18
205.52

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -5.50
TSL's 3-Year Average Share Buyback Ratio is ranked lower than
65% of the 580 Companies
in the Global Solar industry.

( Industry Median: -2.20 vs. TSL: -5.50 )
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: -5.5
-18
72.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.14
TSL's Price-to-Tangible-Book is ranked higher than
74% of the 748 Companies
in the Global Solar industry.

( Industry Median: 2.03 vs. TSL: 1.14 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TSL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.37  Med: 1.25 Max: 5.55
Current: 1.14
0.37
5.55
Price-to-Intrinsic-Value-Projected-FCF 1.63
TSL's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
51% of the 491 Companies
in the Global Solar industry.

( Industry Median: 1.61 vs. TSL: 1.63 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TSL' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.42  Med: 1.6 Max: 3.11
Current: 1.63
0.42
3.11
Price-to-Median-PS-Value 0.77
TSL's Price-to-Median-PS-Value is ranked higher than
82% of the 744 Companies
in the Global Solar industry.

( Industry Median: 1.19 vs. TSL: 0.77 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TSL' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.44  Med: 1.13 Max: 12.31
Current: 0.77
0.44
12.31
Price-to-Graham-Number 0.68
TSL's Price-to-Graham-Number is ranked higher than
92% of the 493 Companies
in the Global Solar industry.

( Industry Median: 1.52 vs. TSL: 0.68 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TSL' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.23  Med: 0.9 Max: 3.73
Current: 0.68
0.23
3.73
Earnings Yield (Greenblatt) % 9.95
TSL's Earnings Yield (Greenblatt) % is ranked higher than
86% of the 818 Companies
in the Global Solar industry.

( Industry Median: 2.69 vs. TSL: 9.95 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TSL' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.5  Med: 7.3 Max: 31.9
Current: 9.95
0.5
31.9
Forward Rate of Return (Yacktman) % 71.59
TSL's Forward Rate of Return (Yacktman) % is ranked higher than
98% of the 359 Companies
in the Global Solar industry.

( Industry Median: 6.21 vs. TSL: 71.59 )
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: 71.59
-102.8
274.3

More Statistics

Revenue (TTM) (Mil) $3,481
EPS (TTM) $ 1.30
Beta0.90
Short Percentage of Float7.28%
52-Week Range $6.91 - 11.54
Shares Outstanding (Mil)92.58

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 3,531 3,479 3,124
EPS ($) 1.13 0.43 0.14
EPS without NRI ($) 1.13 0.43 0.14
EPS Growth Rate
(Future 3Y To 5Y Estimate)
-23.34%
Dividends per Share ($)
» More Articles for TSL

Headlines

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Trina Solar Announces New Efficiency Record of 22.61% for Mono-Crystalline Silicon PERC Cell Dec 19 2016
Trina Solar Announces New Efficiency Record of 22.61% for Mono-Crystalline Silicon PERC Cell Dec 19 2016
Trina Solar Shareholders Ratify Deal to Go Private Dec 16 2016
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Trina Solar Announces Shareholders Vote to Approve Going-Private Transaction Dec 16 2016
Post Earnings Coverage as Sigma Designs Earnings Surpassed Expectations Dec 14 2016
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