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First Solar (NAS:FSLR) Enterprise Value

: $15,215 Mil (As of Today)
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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Solar's Enterprise Value is $15,215 Mil. First Solar's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $517 Mil. Therefore, First Solar's EV-to-EBIT ratio for today is 29.43.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, First Solar's Enterprise Value is $15,215 Mil. First Solar's EBITDA for the trailing twelve months (TTM) ended in Sep. 2023 was $806 Mil. Therefore, First Solar's EV-to-EBITDA ratio for today is 18.88.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Solar's Enterprise Value is $15,215 Mil. First Solar's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was $3,162 Mil. Therefore, First Solar's EV-to-Revenue ratio for today is 4.81.


First Solar Enterprise Value Historical Data

The historical data trend for First Solar's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Solar Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Enterprise Value
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,372.94 4,331.99 9,218.74 7,840.45 13,625.11

First Solar Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12,486.80 13,625.11 21,331.41 18,906.84 15,985.77

Competitive Comparison

For the Solar subindustry, First Solar's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Solar Enterprise Value Distribution

For the Semiconductors industry and Technology sector, First Solar's Enterprise Value distribution charts can be found below:

* The bar in red indicates where First Solar's Enterprise Value falls into.



First Solar Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

First Solar's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

First Solar's Enterprise Value for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Solar  (NAS:FSLR) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

First Solar's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=15215.453/517.067
=29.43

First Solar's current Enterprise Value is $15,215 Mil.
First Solar's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $517 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

First Solar's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=15215.453/805.911
=18.88

First Solar's current Enterprise Value is $15,215 Mil.
First Solar's EBITDA for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $806 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

First Solar's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=15215.453/3162.44
=4.81

First Solar's current Enterprise Value is $15,215 Mil.
First Solar's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,162 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Solar Enterprise Value Related Terms

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First Solar (NAS:FSLR) Business Description

Address
350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
Executives
Norman L. Wright director 26335 N. 104TH WAY, SCOTTSDALE AZ 85255
Lisa A Kro director 3700 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Anita M. George director 4/5 SHANTINIKETAN, NEW DELHI K7 110 021
Kathryn A Hollister director 331 OREGON STREET, CINCINNATI OH 45202
Michael Koralewski officer: Chief Mfg. Operations Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Kuntal Kumar Verma officer: Chief Mfg. Engineering Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Patrick James Buehler officer: Chief Quality and Rel. Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Markus Gloeckler officer: Co-Chief Technology Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Jason E. Dymbort officer: General Counsel, Interim 77 RIO ROBLES, SAN JOSE CA 95134
Caroline Stockdale officer: EVP, HR & Communications C/O WARNER MUSIC GROUP, 75 ROCKEFELLER PLAZA, NEW YORK NY 10019
Byron Michael Jeffers officer: CAO, Interim 350 WEST WASHINGTON ST., TEMPE AZ 85281
Molly Joseph director 9209 GRAND SUMMIT BLVD, DRIPPING SPRINGS TX 78620
Jtw Trust No. 1 Uad 9/19/02 other: Member of Group(1) P.O. BOX 1860, BENTONVILLE AR 72712
Jcl Holdings Llc 10 percent owner PO BOX 1860, BENTONVILLE AR 72712
Lukas T Walton 10 percent owner C/O CRAVATH, SWAINE & MOORE LLP, 825 EIGHTH AVENUE, NEW YORK NY 10019