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Also traded in: Germany, 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 : 4/10

vs
industry
vs
history
Cash-to-Debt 0.20
CSIQ's Cash-to-Debt is ranked lower than
86% of the 848 Companies
in the Global Solar industry.

( Industry Median: 1.76 vs. CSIQ: 0.20 )
Ranked among companies with meaningful Cash-to-Debt only.
CSIQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11  Med: 0.32 Max: No Debt
Current: 0.2
Equity-to-Asset 0.16
CSIQ's Equity-to-Asset is ranked lower than
95% of the 844 Companies
in the Global Solar industry.

( Industry Median: 0.63 vs. CSIQ: 0.16 )
Ranked among companies with meaningful Equity-to-Asset only.
CSIQ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12  Med: 0.25 Max: 0.87
Current: 0.16
0.12
0.87
Debt-to-Equity 2.70
CSIQ's Debt-to-Equity is ranked lower than
97% of the 628 Companies
in the Global Solar industry.

( Industry Median: 0.36 vs. CSIQ: 2.70 )
Ranked among companies with meaningful Debt-to-Equity only.
CSIQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03  Med: 1.64 Max: 4.49
Current: 2.7
0.03
4.49
Interest Coverage 1.04
CSIQ's Interest Coverage is ranked lower than
98% of the 649 Companies
in the Global Solar industry.

( Industry Median: 59.27 vs. CSIQ: 1.04 )
Ranked among companies with meaningful Interest Coverage only.
CSIQ' s Interest Coverage Range Over the Past 10 Years
Min: 0.16  Med: 2.4 Max: 7.49
Current: 1.04
0.16
7.49
Piotroski F-Score: 3
Altman Z-Score: 0.70
WACC vs ROIC
6.18%
2.95%
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 : 5/10

vs
industry
vs
history
Operating Margin % 3.59
CSIQ's Operating Margin % is ranked lower than
61% of the 849 Companies
in the Global Solar industry.

( Industry Median: 5.48 vs. CSIQ: 3.59 )
Ranked among companies with meaningful Operating Margin % only.
CSIQ' s Operating Margin % Range Over the Past 10 Years
Min: -11.01  Med: 3.34 Max: 12.37
Current: 3.59
-11.01
12.37
Net Margin % 1.01
CSIQ's Net Margin % is ranked lower than
63% of the 849 Companies
in the Global Solar industry.

( Industry Median: 3.98 vs. CSIQ: 1.01 )
Ranked among companies with meaningful Net Margin % only.
CSIQ' s Net Margin % Range Over the Past 10 Years
Min: -15.1  Med: 2.1 Max: 8.09
Current: 1.01
-15.1
8.09
ROE % 2.99
CSIQ's ROE % is ranked lower than
57% of the 828 Companies
in the Global Solar industry.

( Industry Median: 4.85 vs. CSIQ: 2.99 )
Ranked among companies with meaningful ROE % only.
CSIQ' s ROE % Range Over the Past 10 Years
Min: -51.65  Med: 6.67 Max: 43.26
Current: 2.99
-51.65
43.26
ROA % 0.51
CSIQ's ROA % is ranked lower than
64% of the 856 Companies
in the Global Solar industry.

( Industry Median: 2.71 vs. CSIQ: 0.51 )
Ranked among companies with meaningful ROA % only.
CSIQ' s ROA % Range Over the Past 10 Years
Min: -9.44  Med: 1.34 Max: 8.67
Current: 0.51
-9.44
8.67
ROC (Joel Greenblatt) % 6.69
CSIQ's ROC (Joel Greenblatt) % is ranked lower than
55% of the 853 Companies
in the Global Solar industry.

( Industry Median: 9.85 vs. CSIQ: 6.69 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
CSIQ' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.01  Med: 6.78 Max: 27.83
Current: 6.69
-12.01
27.83
3-Year Revenue Growth Rate 14.40
CSIQ's 3-Year Revenue Growth Rate is ranked higher than
80% of the 734 Companies
in the Global Solar industry.

( Industry Median: 2.40 vs. CSIQ: 14.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CSIQ' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -1.4  Med: 35.5 Max: 165.9
Current: 14.4
-1.4
165.9
3-Year EBITDA Growth Rate 6.20
CSIQ's 3-Year EBITDA Growth Rate is ranked higher than
52% of the 563 Companies
in the Global Solar industry.

( Industry Median: 5.30 vs. CSIQ: 6.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
CSIQ' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -7.3  Med: 21.5 Max: 173.7
Current: 6.2
-7.3
173.7
3-Year EPS without NRI Growth Rate 21.10
CSIQ's 3-Year EPS without NRI Growth Rate is ranked higher than
69% of the 513 Companies
in the Global Solar industry.

( Industry Median: 3.90 vs. CSIQ: 21.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
CSIQ' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -18.4  Med: 52.65 Max: 106.4
Current: 21.1
-18.4
106.4
GuruFocus has detected 7 Warning Signs with Canadian Solar Inc $CSIQ.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» CSIQ's 30-Y Financials

Financials (Next Earnings Date: 2017-11-21 Est.)


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

» Details

Guru Trades

Q3 2016

CSIQ Guru Trades in Q3 2016

Mario Gabelli 14,350 sh (+18.11%)
» More
Q4 2016

CSIQ Guru Trades in Q4 2016

Mario Gabelli 11,400 sh (-20.56%)
» More
Q1 2017

CSIQ Guru Trades in Q1 2017

Mario Gabelli Sold Out
» More
Q2 2017

CSIQ Guru Trades in Q2 2017

Jeremy Grantham 15,963 sh (New)
» More
» Details

Insider Trades

Latest Guru Trades with CSIQ

(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
Mario Gabelli 2017-03-31 Sold Out $11.15 - $15.36 $ 16.4627%0
Mario Gabelli 2016-12-31 Reduce -20.56%$10.65 - $15.75 $ 16.4626%11,400
Mario Gabelli 2016-09-30 Add 18.11%$11.85 - $15.89 $ 16.4620%14,350
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Semiconductors » Solar    NAICS: 334413    SIC: 3352
Compare:TSX:CMH, TSXV:UGE, TSXV:ACU, TSXV:EHT, TSXV:SAN » details
Traded in other countries:L5A.Germany, CSIQ.Switzerland, 0QY7.UK,
Headquarter Location:Canada
Canadian Solar Inc is a solar power company. The Company designs, develops and manufactures solar wafers, cells and solar power products.

Canadian Solar Inc was incorporated under the laws of the Province of Ontario, Canada in October 2001. The Company changed its jurisdiction by continuing under the Canadian federal corporate statute, the Canada Business Corporations Act, or CBCA, effective June 1, 2006. As a result, it was governed by the CBCA. The Company is a solar power company. It is vertically integrated provider of solar power products and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. The Company designs, develops, and manufactures solar wafers, cells and solar power products. The Company operates its business in two principal reportable business segments, i.e., module segment and energy segment. The module segment involves design, development, manufacture and sales of solar power products and solar system kits to third parties. The energy segment comprises solar project development and sale, EPC and development services, O&M services, operating solar power projects and sales of electricity. Its solar power products include standard solar modules and specialty solar products. Its products include solar modules built to general specifications for use in a wide range of residential, commercial and industrial solar power generation systems. Specialty solar products consist of customized solar modules that its customers incorporate into their own products and complete specialty products, such as portable solar home systems. It sells its products under its Canadian Solar brand name. Its product lines range from modules of medium power, to high efficiency, high-power output mono-crystalline modules, as well as a range of specialty products. Its customers include distributors, system integrators, project developers and installers/EPC companies. The Company competes with international companies such as First Solar and Sharp Solar, and China-based companies such as Yingli, Trina and Jinko. Some of its competitors are developing or producing products based on alternative solar technologies, such as thin film PV materials, that may ultimately have costs similar to, or lower than, the Company's projected costs.

Ratios

vs
industry
vs
history
PE Ratio 38.25
CSIQ's PE Ratio is ranked lower than
66% of the 573 Companies
in the Global Solar industry.

( Industry Median: 22.85 vs. CSIQ: 38.25 )
Ranked among companies with meaningful PE Ratio only.
CSIQ' s PE Ratio Range Over the Past 10 Years
Min: 2.71  Med: 11.67 Max: 144.09
Current: 38.25
2.71
144.09
PE Ratio without NRI 38.25
CSIQ's PE Ratio without NRI is ranked lower than
65% of the 574 Companies
in the Global Solar industry.

( Industry Median: 23.03 vs. CSIQ: 38.25 )
Ranked among companies with meaningful PE Ratio without NRI only.
CSIQ' s PE Ratio without NRI Range Over the Past 10 Years
Min: 2.71  Med: 11.67 Max: 144.09
Current: 38.25
2.71
144.09
PB Ratio 1.04
CSIQ's PB Ratio is ranked higher than
79% of the 825 Companies
in the Global Solar industry.

( Industry Median: 1.88 vs. CSIQ: 1.04 )
Ranked among companies with meaningful PB Ratio only.
CSIQ' s PB Ratio Range Over the Past 10 Years
Min: 0.19  Med: 1.34 Max: 8.08
Current: 1.04
0.19
8.08
PS Ratio 0.38
CSIQ's PS Ratio is ranked higher than
93% of the 832 Companies
in the Global Solar industry.

( Industry Median: 1.75 vs. CSIQ: 0.38 )
Ranked among companies with meaningful PS Ratio only.
CSIQ' s PS Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.43 Max: 3.78
Current: 0.38
0.05
3.78
EV-to-EBIT 26.21
CSIQ's EV-to-EBIT is ranked lower than
67% of the 583 Companies
in the Global Solar industry.

( Industry Median: 18.38 vs. CSIQ: 26.21 )
Ranked among companies with meaningful EV-to-EBIT only.
CSIQ' s EV-to-EBIT Range Over the Past 10 Years
Min: -490.6  Med: 10.4 Max: 433.1
Current: 26.21
-490.6
433.1
EV-to-EBITDA 26.21
CSIQ's EV-to-EBITDA is ranked lower than
75% of the 647 Companies
in the Global Solar industry.

( Industry Median: 13.38 vs. CSIQ: 26.21 )
Ranked among companies with meaningful EV-to-EBITDA only.
CSIQ' s EV-to-EBITDA Range Over the Past 10 Years
Min: -490.6  Med: 9.9 Max: 433.1
Current: 26.21
-490.6
433.1
EV-to-Revenue 1.13
CSIQ's EV-to-Revenue is ranked higher than
72% of the 836 Companies
in the Global Solar industry.

( Industry Median: 1.79 vs. CSIQ: 1.13 )
Ranked among companies with meaningful EV-to-Revenue only.
CSIQ' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.2  Med: 1 Max: 3.9
Current: 1.13
0.2
3.9
Shiller PE Ratio 40.55
CSIQ's Shiller PE Ratio is ranked lower than
55% of the 139 Companies
in the Global Solar industry.

( Industry Median: 44.47 vs. CSIQ: 40.55 )
Ranked among companies with meaningful Shiller PE Ratio only.
CSIQ' s Shiller PE Ratio Range Over the Past 10 Years
Min: 31.58  Med: 54.6 Max: 1295
Current: 40.55
31.58
1295
Current Ratio 0.95
CSIQ's Current Ratio is ranked lower than
90% of the 850 Companies
in the Global Solar industry.

( Industry Median: 2.39 vs. CSIQ: 0.95 )
Ranked among companies with meaningful Current Ratio only.
CSIQ' s Current Ratio Range Over the Past 10 Years
Min: 0.81  Med: 1.19 Max: 7.38
Current: 0.95
0.81
7.38
Quick Ratio 0.88
CSIQ's Quick Ratio is ranked lower than
82% of the 849 Companies
in the Global Solar industry.

( Industry Median: 1.84 vs. CSIQ: 0.88 )
Ranked among companies with meaningful Quick Ratio only.
CSIQ' s Quick Ratio Range Over the Past 10 Years
Min: 0.68  Med: 0.93 Max: 4.87
Current: 0.88
0.68
4.87
Days Inventory 47.49
CSIQ's Days Inventory is ranked higher than
73% of the 816 Companies
in the Global Solar industry.

( Industry Median: 78.87 vs. CSIQ: 47.49 )
Ranked among companies with meaningful Days Inventory only.
CSIQ' s Days Inventory Range Over the Past 10 Years
Min: 47.09  Med: 61.67 Max: 86.52
Current: 47.49
47.09
86.52
Days Sales Outstanding 49.78
CSIQ's Days Sales Outstanding is ranked higher than
67% of the 771 Companies
in the Global Solar industry.

( Industry Median: 61.39 vs. CSIQ: 49.78 )
Ranked among companies with meaningful Days Sales Outstanding only.
CSIQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.72  Med: 53.68 Max: 87.67
Current: 49.78
26.72
87.67

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -4.30
CSIQ's 3-Year Average Share Buyback Ratio is ranked lower than
57% of the 573 Companies
in the Global Solar industry.

( Industry Median: -3.30 vs. CSIQ: -4.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CSIQ' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -20.9  Med: -8.75 Max: -0.1
Current: -4.3
-20.9
-0.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.05
CSIQ's Price-to-Tangible-Book is ranked higher than
80% of the 796 Companies
in the Global Solar industry.

( Industry Median: 2.05 vs. CSIQ: 1.05 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CSIQ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.25  Med: 1.44 Max: 6.09
Current: 1.05
0.25
6.09
Price-to-Intrinsic-Value-Projected-FCF 1.38
CSIQ's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
58% of the 484 Companies
in the Global Solar industry.

( Industry Median: 9999.00 vs. CSIQ: 1.38 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
CSIQ' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.34  Med: 1.56 Max: 5.79
Current: 1.38
0.34
5.79
Price-to-Median-PS-Value 0.84
CSIQ's Price-to-Median-PS-Value is ranked higher than
83% of the 805 Companies
in the Global Solar industry.

( Industry Median: 1.16 vs. CSIQ: 0.84 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CSIQ' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.14  Med: 1.11 Max: 6.99
Current: 0.84
0.14
6.99
Price-to-Graham-Number 1.33
CSIQ's Price-to-Graham-Number is ranked higher than
64% of the 530 Companies
in the Global Solar industry.

( Industry Median: 1.53 vs. CSIQ: 1.33 )
Ranked among companies with meaningful Price-to-Graham-Number only.
CSIQ' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47  Med: 0.96 Max: 3.1
Current: 1.33
0.47
3.1
Earnings Yield (Greenblatt) % 3.83
CSIQ's Earnings Yield (Greenblatt) % is ranked higher than
54% of the 852 Companies
in the Global Solar industry.

( Industry Median: 3.30 vs. CSIQ: 3.83 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CSIQ' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -11.3  Med: 3.8 Max: 28.6
Current: 3.83
-11.3
28.6

More Statistics

Revenue (TTM) (Mil) $2,695.16
EPS (TTM) $ 0.43
Beta2.46
Short Percentage of Float12.42%
52-Week Range $10.25 - 18.12
Shares Outstanding (Mil)57.83
» More Articles for CSIQ

Headlines

Articles On GuruFocus.com
Canadian Solar Subsidiary Recurrent Energy Inks 100 Megawatt Power Purchase Agreement with Peninsula Sep 12 2017 
Canadian Solar to Attend 5th Annual ROTH Solar and Storage Symposium in Las Vegas Sep 08 2017 
Canadian Solar Acquires an 80.6 MWp of Solar Power Project in Brazil Sep 06 2017 
Canadian Solar Commissions a 27.3 MWp Solar Power Plant in Japan Aug 30 2017 
Not a Bright Day for a Solar Power Company Aug 14 2017 
EDF Energies Nouvelles Partners with Canadian Solar for a 92.5 MWp Photovoltaic Project in Brazil Aug 10 2017 
Canadian Solar's and EDF Energies Nouvelles' Pirapora I Project Secures the First Solar Financing fr Aug 07 2017 
Canadian Solar Schedules Second Quarter 2017 Earnings Conference Call for August 14 Jul 27 2017 
Canadian Solar Energizes 52.5 MWp of Solar Power Plants in Japan Jul 18 2017 
EDF Energies Nouvelles to Partner with Canadian Solar for an Additional 115 MWp of Solar Project in Jun 19 2017 

More From Other Websites
Why China Is Crushing the U.S. in Solar Energy Sep 17 2017
Are Options Traders Betting on a Big Move in Canadian Solar (CSIQ) Stock? Sep 15 2017
Canadian Solar's Unit Signs 100MW Solar Power Supply Deal Sep 14 2017
Canadian Solar Subsidiary Recurrent Energy Inks 100 Megawatt Power Purchase Agreement with Peninsula... Sep 12 2017
Canadian Solar, Inc. breached its 50 day moving average in a Bearish Manner : CSIQ-US : September... Sep 11 2017
First Solar, Inc. (FSLR) Stock Is Too Hyped Up for Its Own Good Sep 08 2017
Canadian Solar to Attend 5th Annual ROTH Solar and Storage Symposium in Las Vegas Sep 08 2017
Canadian Solar Acquires an 80.6 MWp of Solar Power Project in Brazil Sep 06 2017
Earnings Review and Free Research Report: Canadian Solar Reported Better than Expected Results Sep 05 2017
Canadian Solar (CSIQ) Energizes New PV Solar Plant in Japan Aug 31 2017
Canadian Solar Commissions a 27.3 MWp Solar Power Plant in Japan Aug 30 2017
Canadian Solar, Inc. – Value Analysis (NASDAQ:CSIQ) : August 30, 2017 Aug 29 2017
Zacks Industry Outlook Highlights: JinkoSolar Holding, JA Solar Holdings and Canadian Solar Aug 25 2017
Canadian Solar, Inc. breached its 50 day moving average in a Bearish Manner : CSIQ-US : August 22,... Aug 22 2017
How solar powered devices work during an eclipse Aug 21 2017
Yahoo Finance Live: Midday Movers - Aug 21st, 2017 Aug 21 2017
How Canadian Solar Inc. Makes Most of Its Money Aug 18 2017
Canadian Solar's Second Quarter Disappointed on Every Level Aug 15 2017
Canadian Solar tops Street 2Q forecasts Aug 14 2017
Edited Transcript of CSIQ earnings conference call or presentation 14-Aug-17 12:00pm GMT Aug 14 2017

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