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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.24
NAS:CSIQ's Cash-to-Debt is ranked lower than
85% of the 850 Companies
in the Global Solar industry.

( Industry Median: 1.69 vs. NAS:CSIQ: 0.24 )
Ranked among companies with meaningful Cash-to-Debt only.
NAS:CSIQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11  Med: 0.29 Max: No Debt
Current: 0.24
0.11
No Debt
Equity-to-Asset 0.22
NAS:CSIQ's Equity-to-Asset is ranked lower than
94% of the 849 Companies
in the Global Solar industry.

( Industry Median: 0.60 vs. NAS:CSIQ: 0.22 )
Ranked among companies with meaningful Equity-to-Asset only.
NAS:CSIQ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.12  Med: 0.23 Max: 0.87
Current: 0.22
0.12
0.87
Debt-to-Equity 1.83
NAS:CSIQ's Debt-to-Equity is ranked lower than
97% of the 634 Companies
in the Global Solar industry.

( Industry Median: 0.35 vs. NAS:CSIQ: 1.83 )
Ranked among companies with meaningful Debt-to-Equity only.
NAS:CSIQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03  Med: 1.84 Max: 4.49
Current: 1.83
0.03
4.49
Debt-to-EBITDA 5.94
NAS:CSIQ's Debt-to-EBITDA is ranked lower than
87% of the 559 Companies
in the Global Solar industry.

( Industry Median: 1.73 vs. NAS:CSIQ: 5.94 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NAS:CSIQ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -20.41  Med: 6.85 Max: 37.62
Current: 5.94
-20.41
37.62
Interest Coverage 3.07
NAS:CSIQ's Interest Coverage is ranked lower than
89% of the 682 Companies
in the Global Solar industry.

( Industry Median: 57.83 vs. NAS:CSIQ: 3.07 )
Ranked among companies with meaningful Interest Coverage only.
NAS:CSIQ' s Interest Coverage Range Over the Past 10 Years
Min: 0.16  Med: 2.28 Max: 7.4
Current: 3.07
0.16
7.4
Piotroski F-Score: 5
Altman Z-Score: 1.20
WACC vs ROIC
3.09%
8.78%
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 % 9.06
NAS:CSIQ's Operating Margin % is ranked higher than
55% of the 849 Companies
in the Global Solar industry.

( Industry Median: 6.76 vs. NAS:CSIQ: 9.06 )
Ranked among companies with meaningful Operating Margin % only.
NAS:CSIQ' s Operating Margin % Range Over the Past 10 Years
Min: -11.01  Med: 5.27 Max: 12.23
Current: 9.06
-11.01
12.23
Net Margin % 4.73
NAS:CSIQ's Net Margin % is ranked lower than
55% of the 849 Companies
in the Global Solar industry.

( Industry Median: 5.25 vs. NAS:CSIQ: 4.73 )
Ranked among companies with meaningful Net Margin % only.
NAS:CSIQ' s Net Margin % Range Over the Past 10 Years
Min: -15.1  Med: 2.62 Max: 8.09
Current: 4.73
-15.1
8.09
ROE % 17.54
NAS:CSIQ's ROE % is ranked higher than
77% of the 834 Companies
in the Global Solar industry.

( Industry Median: 7.07 vs. NAS:CSIQ: 17.54 )
Ranked among companies with meaningful ROE % only.
NAS:CSIQ' s ROE % Range Over the Past 10 Years
Min: -51.65  Med: 8.48 Max: 43.26
Current: 17.54
-51.65
43.26
ROA % 3.38
NAS:CSIQ's ROA % is ranked lower than
56% of the 857 Companies
in the Global Solar industry.

( Industry Median: 3.71 vs. NAS:CSIQ: 3.38 )
Ranked among companies with meaningful ROA % only.
NAS:CSIQ' s ROA % Range Over the Past 10 Years
Min: -9.44  Med: 1.55 Max: 8.67
Current: 3.38
-9.44
8.67
ROC (Joel Greenblatt) % 16.16
NAS:CSIQ's ROC (Joel Greenblatt) % is ranked higher than
55% of the 855 Companies
in the Global Solar industry.

( Industry Median: 12.25 vs. NAS:CSIQ: 16.16 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NAS:CSIQ' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.59  Med: 7.52 Max: 28.3
Current: 16.16
-12.59
28.3
3-Year Revenue Growth Rate 3.40
NAS:CSIQ's 3-Year Revenue Growth Rate is ranked lower than
51% of the 800 Companies
in the Global Solar industry.

( Industry Median: 3.70 vs. NAS:CSIQ: 3.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NAS:CSIQ' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -1.4  Med: 25.4 Max: 165.9
Current: 3.4
-1.4
165.9
3-Year EBITDA Growth Rate -9.10
NAS:CSIQ's 3-Year EBITDA Growth Rate is ranked lower than
74% of the 678 Companies
in the Global Solar industry.

( Industry Median: 8.40 vs. NAS:CSIQ: -9.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NAS:CSIQ' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 6.2 Max: 134
Current: -9.1
0
134
3-Year EPS without NRI Growth Rate -25.60
NAS:CSIQ's 3-Year EPS without NRI Growth Rate is ranked lower than
86% of the 605 Companies
in the Global Solar industry.

( Industry Median: 9.70 vs. NAS:CSIQ: -25.60 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NAS:CSIQ' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 84.2
Current: -25.6
0
84.2
GuruFocus has detected 2 Warning Signs with Canadian Solar Inc NAS:CSIQ.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NAS:CSIQ's 30-Y Financials

Financials (Next Earnings Date: 2019-03-21 Est.)


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

» Details

Guru Trades

Q4 2017

CSIQ Guru Trades in Q4 2017

Jeremy Grantham 156,663 sh (+14.97%)
John Hussman 150,000 sh (unchged)
» More
Q1 2018

CSIQ Guru Trades in Q1 2018

Pioneer Investments 78,460 sh (New)
Jeremy Grantham 170,463 sh (+8.81%)
John Hussman 150,000 sh (unchged)
» More
Q2 2018

CSIQ Guru Trades in Q2 2018

John Hussman 203,500 sh (+35.67%)
Steven Cohen 100,000 sh (unchged)
Jeremy Grantham 118,163 sh (-30.68%)
Pioneer Investments 57,879 sh (-26.23%)
» More
Q3 2018

CSIQ Guru Trades in Q3 2018

Steven Cohen 200,700 sh (New)
Jeremy Grantham 165,563 sh (+40.11%)
Pioneer Investments 113,798 sh (+96.61%)
Steven Cohen 200,000 sh (unchged)
John Hussman 121,000 sh (-40.54%)
» More
» Details

Insider Trades

Latest Guru Trades with NAS:CSIQ

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

Guru Date Action
Impact Price Range
(Average)*
Change from Average Comment Current Shares
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Business Description

Industry: Semiconductors » Solar    NAICS: 334413    SIC: 3352
Compare:NAS:RUN, SHSE:601126, HKSE:01799, HKSE:00686, SZSE:002218, SHSE:603366, NYSE:JKS, NAS:HQCL, NAS:SPWR, SZSE:300393, SZSE:300111, XKRX:067630, SZSE:300125, SHSE:603628, NYSE:VSLR, XMCE:SLR, TPE:3576, SZSE:300105, ROCO:6244, NAS:JASO » 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 is a Canadian solar power company. It is an integrated provider of solar power products, services, and system solutions. The company engages in designing, developing and manufacturing solar ingots, wafers, cells, modules and other solar power products. It operates through two business segments i.e. Module segment and Energy segment. The Module segment involves the design, development, manufacturing, and sale of solar power products, including standard solar modules and specialty solar products. The Energy segment consists of solar power project development and sale and EPC and development services. The company's products include standard solar modules and specialty solar products which are sold under Canadian Solar brand name. Most of the revenue is earned from Canada.

Ratios

vs
industry
vs
history
PE Ratio 5.19
CSIQ's PE Ratio is ranked higher than
95% of the 618 Companies
in the Global Solar industry.

( Industry Median: 19.55 vs. CSIQ: 5.19 )
Ranked among companies with meaningful PE Ratio only.
CSIQ' s PE Ratio Range Over the Past 10 Years
Min: 2.71  Med: 10.34 Max: 144.09
Current: 5.19
2.71
144.09
PE Ratio without NRI 5.19
CSIQ's PE Ratio without NRI is ranked higher than
96% of the 619 Companies
in the Global Solar industry.

( Industry Median: 20.06 vs. CSIQ: 5.19 )
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: 10.34 Max: 144.09
Current: 5.19
2.71
144.09
PB Ratio 0.85
CSIQ's PB Ratio is ranked higher than
89% of the 831 Companies
in the Global Solar industry.

( Industry Median: 1.85 vs. CSIQ: 0.85 )
Ranked among companies with meaningful PB Ratio only.
CSIQ' s PB Ratio Range Over the Past 10 Years
Min: 0.19  Med: 1.07 Max: 8.08
Current: 0.85
0.19
8.08
PS Ratio 0.25
CSIQ's PS Ratio is ranked higher than
95% of the 832 Companies
in the Global Solar industry.

( Industry Median: 1.67 vs. CSIQ: 0.25 )
Ranked among companies with meaningful PS Ratio only.
CSIQ' s PS Ratio Range Over the Past 10 Years
Min: 0.05  Med: 0.35 Max: 2.86
Current: 0.25
0.05
2.86
EV-to-EBIT 7.22
CSIQ's EV-to-EBIT is ranked higher than
77% of the 629 Companies
in the Global Solar industry.

( Industry Median: 15.37 vs. CSIQ: 7.22 )
Ranked among companies with meaningful EV-to-EBIT only.
CSIQ' s EV-to-EBIT Range Over the Past 10 Years
Min: -153.2  Med: 9.95 Max: 53
Current: 7.22
-153.2
53
EV-to-EBITDA 7.22
CSIQ's EV-to-EBITDA is ranked higher than
64% of the 681 Companies
in the Global Solar industry.

( Industry Median: 11.43 vs. CSIQ: 7.22 )
Ranked among companies with meaningful EV-to-EBITDA only.
CSIQ' s EV-to-EBITDA Range Over the Past 10 Years
Min: -190.2  Med: 9.3 Max: 53
Current: 7.22
-190.2
53
EV-to-Revenue 0.65
CSIQ's EV-to-Revenue is ranked higher than
82% of the 843 Companies
in the Global Solar industry.

( Industry Median: 1.73 vs. CSIQ: 0.65 )
Ranked among companies with meaningful EV-to-Revenue only.
CSIQ' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.2  Med: 0.9 Max: 3.5
Current: 0.65
0.2
3.5
Shiller PE Ratio 27.81
CSIQ's Shiller PE Ratio is ranked higher than
66% of the 174 Companies
in the Global Solar industry.

( Industry Median: 38.89 vs. CSIQ: 27.81 )
Ranked among companies with meaningful Shiller PE Ratio only.
CSIQ' s Shiller PE Ratio Range Over the Past 10 Years
Min: 22.81  Med: 40.4 Max: 1295
Current: 27.81
22.81
1295
Current Ratio 0.92
CSIQ's Current Ratio is ranked lower than
90% of the 854 Companies
in the Global Solar industry.

( Industry Median: 2.20 vs. CSIQ: 0.92 )
Ranked among companies with meaningful Current Ratio only.
CSIQ' s Current Ratio Range Over the Past 10 Years
Min: 0.81  Med: 1.13 Max: 7.38
Current: 0.92
0.81
7.38
Quick Ratio 0.83
CSIQ's Quick Ratio is ranked lower than
82% of the 854 Companies
in the Global Solar industry.

( Industry Median: 1.70 vs. CSIQ: 0.83 )
Ranked among companies with meaningful Quick Ratio only.
CSIQ' s Quick Ratio Range Over the Past 10 Years
Min: 0.68  Med: 0.9 Max: 4.87
Current: 0.83
0.68
4.87
Days Inventory 38.88
CSIQ's Days Inventory is ranked higher than
82% of the 824 Companies
in the Global Solar industry.

( Industry Median: 80.81 vs. CSIQ: 38.88 )
Ranked among companies with meaningful Days Inventory only.
CSIQ' s Days Inventory Range Over the Past 10 Years
Min: 38.88  Med: 55.67 Max: 86.52
Current: 38.88
38.88
86.52
Days Sales Outstanding 29.82
CSIQ's Days Sales Outstanding is ranked higher than
86% of the 846 Companies
in the Global Solar industry.

( Industry Median: 64.56 vs. CSIQ: 29.82 )
Ranked among companies with meaningful Days Sales Outstanding only.
CSIQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.72  Med: 50.11 Max: 87.67
Current: 29.82
26.72
87.67
Days Payable 96.82
CSIQ's Days Payable is ranked higher than
83% of the 829 Companies
in the Global Solar industry.

( Industry Median: 54.95 vs. CSIQ: 96.82 )
Ranked among companies with meaningful Days Payable only.
CSIQ' s Days Payable Range Over the Past 10 Years
Min: 16.88  Med: 62.13 Max: 96.82
Current: 96.82
16.88
96.82

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -2.00
CSIQ's 3-Year Average Share Buyback Ratio is ranked higher than
55% of the 637 Companies
in the Global Solar industry.

( Industry Median: -3.00 vs. CSIQ: -2.00 )
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: -8.5 Max: -0.1
Current: -2
-20.9
-0.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.87
CSIQ's Price-to-Tangible-Book is ranked higher than
91% of the 803 Companies
in the Global Solar industry.

( Industry Median: 2.03 vs. CSIQ: 0.87 )
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: 1.32 Max: 6.09
Current: 0.87
0.25
6.09
Price-to-Intrinsic-Value-Projected-FCF 1.07
CSIQ's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
71% of the 510 Companies
in the Global Solar industry.

( Industry Median: 1.49 vs. CSIQ: 1.07 )
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: 0.31  Med: 1.28 Max: 5.09
Current: 1.07
0.31
5.09
Price-to-Median-PS-Value 0.71
CSIQ's Price-to-Median-PS-Value is ranked higher than
88% of the 804 Companies
in the Global Solar industry.

( Industry Median: 1.08 vs. CSIQ: 0.71 )
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: 0.17  Med: 1.04 Max: 8.66
Current: 0.71
0.17
8.66
Price-to-Graham-Number 0.45
CSIQ's Price-to-Graham-Number is ranked higher than
97% of the 570 Companies
in the Global Solar industry.

( Industry Median: 1.42 vs. CSIQ: 0.45 )
Ranked among companies with meaningful Price-to-Graham-Number only.
CSIQ' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.41  Med: 0.9 Max: 3.1
Current: 0.45
0.41
3.1
Earnings Yield (Greenblatt) % 13.84
CSIQ's Earnings Yield (Greenblatt) % is ranked higher than
83% of the 856 Companies
in the Global Solar industry.

( Industry Median: 4.19 vs. CSIQ: 13.84 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CSIQ' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -65.4  Med: 4 Max: 19.4
Current: 13.84
-65.4
19.4

More Statistics

Revenue (TTM) (Mil) $3,952.24
EPS (TTM) $ 3.08
Beta0.34
Volatility38.44%
52-Week Range $11.37 - 17.97
Shares Outstanding (Mil)58.58

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAN
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

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