CSI Solar Co., Ltd.

SHSE:688472 Stock Report

Market Cap: CN¥48.2b

CSI Solar Valuation

Is 688472 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 688472 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 688472 (CN¥13.07) is trading above our estimate of fair value (CN¥1.87)

Significantly Below Fair Value: 688472 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 688472?

Key metric: As 688472 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 688472. This is calculated by dividing 688472's market cap by their current earnings.
What is 688472's PE Ratio?
PE Ratio23.9x
EarningsCN¥2.02b
Market CapCN¥48.21b

Price to Earnings Ratio vs Peers

How does 688472's PE Ratio compare to its peers?

The above table shows the PE ratio for 688472 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average76.3x
688249 Nexchip Semiconductor
105.8x43.4%CN¥48.5b
002156 Tongfu MicroelectronicsLtd
61.6x37.8%CN¥48.4b
002049 Unigroup Guoxin Microelectronics
37.7x27.9%CN¥56.9b
300661 SG Micro
99.9x42.6%CN¥42.3b
688472 CSI Solar
23.9x38.3%CN¥48.2b

Price-To-Earnings vs Peers: 688472 is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (76.3x).

Price to Earnings Ratio vs Industry

How does 688472's PE Ratio compare vs other companies in the CN Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
688472 23.9xIndustry Avg. 64.2xNo. of Companies15PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 688472 is good value based on its Price-To-Earnings Ratio (23.9x) compared to the CN Semiconductor industry average (64.2x).

Price to Earnings Ratio vs Fair Ratio

What is 688472's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

688472 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ratio55.5x

Price-To-Earnings vs Fair Ratio: 688472 is good value based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (55.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 688472 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥13.07
CN¥20.31
+55.4%
9.2%CN¥23.22CN¥18.00n/a4
Nov ’25CN¥14.21
CN¥15.81
+11.3%
20.7%CN¥20.00CN¥12.24n/a4
Oct ’25CN¥13.97
CN¥14.05
+0.6%
15.9%CN¥18.00CN¥12.00n/a5
Sep ’25CN¥10.57
CN¥14.05
+32.9%
15.9%CN¥18.00CN¥12.00n/a5
Aug ’25CN¥9.14
CN¥14.27
+56.2%
17.5%CN¥18.00CN¥12.00n/a5
Jul ’25CN¥10.14
CN¥14.34
+41.4%
13.5%CN¥16.50CN¥12.00n/a4
Jun ’25CN¥12.71
CN¥15.55
+22.4%
19.2%CN¥20.40CN¥12.00n/a5
May ’25CN¥12.26
CN¥15.55
+26.9%
19.2%CN¥20.40CN¥12.00n/a5
Apr ’25CN¥12.68
CN¥16.50
+30.2%
17.1%CN¥20.40CN¥12.00n/a5
Mar ’25CN¥13.59
CN¥17.84
+31.3%
12.1%CN¥20.40CN¥15.12n/a3
Feb ’25CN¥13.44
CN¥18.84
+40.2%
14.0%CN¥21.00CN¥15.12n/a3
Jan ’25CN¥12.63
CN¥18.84
+49.2%
14.0%CN¥21.00CN¥15.12n/a3
Dec ’24CN¥11.72
CN¥18.84
+60.8%
14.0%CN¥21.00CN¥15.12n/a3
Nov ’24CN¥12.93
CN¥21.70
+67.8%
6.0%CN¥23.00CN¥20.40CN¥14.212
Oct ’24CN¥14.22
CN¥21.70
+52.6%
6.0%CN¥23.00CN¥20.40CN¥13.972
Sep ’24CN¥15.19
CN¥21.70
+42.9%
6.0%CN¥23.00CN¥20.40CN¥10.572

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Giantec Semiconductor

CN¥9.2b

Engages in the research, development, design, and sale of memory, analog, and mixed-signal integrated circuits in China, Taiwan, South Korea, Hong Kong, the United States, Japan, the Southeast Asia, Europe, and internationally.

688123

CN¥58.43

7D

-4.4%

1Y

-11.2%

JA Solar Technology

CN¥56.0b

Engages in the production and processing of monocrystalline silicon rods and monocrystalline silicon wafers primarily in China.

2459

CN¥17.06

7D

-3.1%

1Y

-23.0%

JA Solar Technology

CN¥56.0b

Engages in the production and processing of monocrystalline silicon rods and monocrystalline silicon wafers primarily in China.

2459

CN¥17.06

7D

-3.1%

1Y

-23.0%