CSIQ (Canadian Solar) Intrinsic Value: Projected FCF: $-97.65 (As of Sep. 07, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CSIQ Canadian Solar Inc CSIQ
75 GF Score
Price $13.22
GF Value $12.98
Valuation Fairly Valued
! 6 Warning Signs
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What is Canadian Solar Intrinsic Value: Projected FCF?

Canadian Solar CSIQ -2.29% 75 Intrinsic Value: Projected FCF is $-97.65 as of Sep. 07, 2026. GuruFocus rates CSIQ with a GF Score™ of 75/100 and a GF Value™ of $12.98 (Fairly Valued). The stock has 6 warning signs investors should review. Among 600 Semiconductors companies, Canadian Solar ranks worse than 166666.5% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-07), Canadian Solar's Intrinsic Value: Projected FCF is $-97.65. The stock price of Canadian Solar is $13.22. Therefore, Canadian Solar's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Canadian Solar's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Canadian Solar was 2.72. The lowest was 0.82. And the median was 1.30.

CSIQ's Price-to-Projected-FCF is not ranked *
in the Semiconductors industry.
Industry Median: 2.695
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Canadian Solar  (NAS:CSIQ) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Canadian Solar's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=13.22/-97.64719380615
=

* 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.


Canadian Solar Intrinsic Value: Projected FCF Related Terms


Canadian Solar Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Canadian Solar's Intrinsic Value: Projected FCF 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.

Canadian Solar Intrinsic Value: Projected FCF Chart

Canadian Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.44 27.97 9.65 -72.52 -88.67

Canadian Solar Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial 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 -81.49 -90.09 -88.67 -88.47 -97.65

CSIQ vs JKS, ARRY, SHLS: Intrinsic Value: Projected FCF Comparison

For the Solar subindustry, Canadian Solar's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


Canadian Solar Price-to-Projected-FCF vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Canadian Solar's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Canadian Solar's Price-to-Projected-FCF falls into.


CSIQ
75GF Score
Canadian Solar Inc CSIQ
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Solar Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Canadian Solar's Free Cash Flow(6 year avg) = $-928.04.

Canadian Solar's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-928.04304+2755.338*0.8)/67.908
=-97.65

* 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.

What does a Intrinsic Value: Projected FCF of $-97.65 mean?
Canadian Solar (CSIQ) has a Intrinsic Value: Projected FCF of $-97.65 as of Sep. 07, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Canadian Solar and its competitors. According to the industry distribution chart, Canadian Solar ranks #999999 out of 600 companies in the Semiconductors industry.
Is Canadian Solar's Intrinsic Value: Projected FCF too high?
Canadian Solar's current Intrinsic Value: Projected FCF is $-97.65. Based on the distribution chart, Canadian Solar ranks #999999 out of 600 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Canadian Solar has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Solar's Intrinsic Value: Projected FCF compare to JKS and ARRY?
According to the Semiconductors industry distribution chart, Canadian Solar ranks #999999 out of 600 companies for Intrinsic Value: Projected FCF. This places Canadian Solar in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Semiconductors company?
The median Intrinsic Value: Projected FCF among Semiconductors companies is 2.70, based on 600 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Canadian Solar and its competitors. For the Semiconductors industry, the median Intrinsic Value: Projected FCF is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Solar's current Intrinsic Value: Projected FCF is $-97.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Solar stock overvalued right now?
Based on GuruFocus' analysis, Canadian Solar (CSIQ) is currently considered Fairly Valued. The stock's GF Value™ is $12.98, compared to a current price of $13.22 — trading 1.8% above its estimated fair value. The current Intrinsic Value: Projected FCF is $-97.65. Canadian Solar's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Canadian Solar (CSIQ), the current Intrinsic Value: Projected FCF is $-97.65 as of Sep. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian Solar (CSIQ) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Solar stock appears to be overvalued. The current stock price of $13.22 is trading 1.8% above its estimated GF Value™ of $12.98. GuruFocus considers Canadian Solar to be Fairly Valued.

Key valuation signals for CSIQ:

  • Intrinsic Value: Projected FCF: $-97.65
  • GF Value™: $12.98 vs. price of $13.22 (1.8% above fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the CSIQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canadian Solar Business Description

Other Exchanges CSIQN:MexicoL5A:Germany
Address 4273 King Street East, Suite 102, Kitchener, ON, CAN, N2P 2E9
Canadian Solar Inc is a Canadian solar technology and renewable energy company. It is a manufacturer of solar photovoltaic modules, a provider of battery energy storage solutions, and a developer of utility-scale solar power and battery energy storage projects. The company is organized in two segments: Manufacturing segment, comprising CS PowerTech, which focuses on manufacturing and sales of solar products, battery energy storage products, and other power technology products for the U.S. market and CSI Solar, which serves all other world-wide markets; and Recurrent Energy segment, which focuses on solar power and battery storage project development, asset sales, power services, and electricity revenue from its operating portfolio. It derives maximum revenue from Manufacturing segment.
75GF Score

Get the complete analysis for CSIQ

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.22
Price
$12.98
GF Value