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6885

Trina SolarSHSE:688599 Stock Report

Last Price

CN¥67.07

Market Cap

CN¥138.7b

7D

-1.7%

1Y

188.2%

Updated

22 Jan, 2022

Data

Company Financials +
688599 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance2/6
Financial Health5/6
Dividends2/6

688599 Stock Overview

Trina Solar Co., Ltd. operates as an integrated solar power products manufacturer and solar system developer in China, Europe, the United States, and other Asia Pacific regions.

Trina Solar Competitors

LONGi Green Energy Technology

SHSE:601012

CN¥411.4b

Tesla

NasdaqGS:TSLA

US$950.0b

Mitsubishi

TSE:8058

JP¥5.6t

Panasonic

TSE:6752

JP¥3.0t

Price History & Performance

Summary of all time highs, changes and price drops for Trina Solar
Historical stock prices
Current Share PriceCN¥67.07
52 Week HighCN¥87.30
52 Week LowCN¥15.56
Beta0
1 Month Change-14.94%
3 Month Change7.04%
1 Year Change188.23%
3 Year Changen/a
5 Year Changen/a
Change since IPO289.72%

Recent News & Updates

Shareholder Returns

688599CN SemiconductorCN Market
7D-1.7%-2.7%-1.2%
1Y188.2%8.2%-2.9%

Return vs Industry: 688599 exceeded the CN Semiconductor industry which returned 8.2% over the past year.

Return vs Market: 688599 exceeded the CN Market which returned -2.9% over the past year.

Price Volatility

Is 688599's price volatile compared to industry and market?
688599 volatility
688599 Average Weekly Movement9.7%
Semiconductor Industry Average Movement6.8%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.5%
10% least volatile stocks in CN Market3.5%

Stable Share Price: 688599 is more volatile than 90% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 688599's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
199718,645Jifan Gaohttps://www.trinasolar.com

Trina Solar Co., Ltd. operates as an integrated solar power products manufacturer and solar system developer in China, Europe, the United States, and other Asia Pacific regions. The company designs, develops, manufactures, and sells photovoltaic (PV) modules comprising monocrystalline and multicrystalline PV modules ranging in various power outputs for use in residential, commercial, industrial, and other solar power generation systems. It also provides mono- and multi-crystalline silicon ingots, wafers, cells, and related products.

Trina Solar Fundamentals Summary

How do Trina Solar's earnings and revenue compare to its market cap?
688599 fundamental statistics
Market CapCN¥138.70b
Earnings (TTM)CN¥1.55b
Revenue (TTM)CN¥40.76b

89.3x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
688599 income statement (TTM)
RevenueCN¥40.76b
Cost of RevenueCN¥35.26b
Gross ProfitCN¥5.49b
ExpensesCN¥3.94b
EarningsCN¥1.55b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.75
Gross Margin13.48%
Net Profit Margin3.81%
Debt/Equity Ratio96.7%

How did 688599 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Trina Solar undervalued compared to its fair value and its price relative to the market?

89.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 688599 (CN¥67.07) is trading above our estimate of fair value (CN¥9.48)

Significantly Below Fair Value: 688599 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 688599 is poor value based on its PE Ratio (89.3x) compared to the CN Semiconductor industry average (66.6x).

PE vs Market: 688599 is poor value based on its PE Ratio (89.3x) compared to the CN market (36.1x).


Price to Earnings Growth Ratio

PEG Ratio: 688599 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 688599 is overvalued based on its PB Ratio (8.5x) compared to the CN Semiconductor industry average (6.6x).


Future Growth

How is Trina Solar forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

49.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688599's forecast earnings growth (49.8% per year) is above the savings rate (3.3%).

Earnings vs Market: 688599's earnings (49.8% per year) are forecast to grow faster than the CN market (24.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 688599's revenue (30.3% per year) is forecast to grow faster than the CN market (18.5% per year).

High Growth Revenue: 688599's revenue (30.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 688599's Return on Equity is forecast to be high in 3 years time (20.6%)


Past Performance

How has Trina Solar performed over the past 5 years?

16.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 688599 has a high level of non-cash earnings.

Growing Profit Margin: 688599's current net profit margins (3.8%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: 688599's earnings have grown by 16.1% per year over the past 5 years.

Accelerating Growth: 688599's earnings growth over the past year (42.3%) exceeds its 5-year average (16.1% per year).

Earnings vs Industry: 688599 earnings growth over the past year (42.3%) underperformed the Semiconductor industry 65.8%.


Return on Equity

High ROE: 688599's Return on Equity (9.2%) is considered low.


Financial Health

How is Trina Solar's financial position?


Financial Position Analysis

Short Term Liabilities: 688599's short term assets (CN¥40.1B) exceed its short term liabilities (CN¥33.7B).

Long Term Liabilities: 688599's short term assets (CN¥40.1B) exceed its long term liabilities (CN¥11.1B).


Debt to Equity History and Analysis

Debt Level: 688599's net debt to equity ratio (31.1%) is considered satisfactory.

Reducing Debt: 688599's debt to equity ratio has reduced from 163.4% to 96.7% over the past 5 years.

Debt Coverage: 688599's debt is not well covered by operating cash flow (14%).

Interest Coverage: 688599 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Trina Solar current dividend yield, its reliability and sustainability?

0.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 688599's dividend (0.27%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.41%).

High Dividend: 688599's dividend (0.27%) is low compared to the top 25% of dividend payers in the CN market (1.78%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 688599's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 688599's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.1%), 688599's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 688599's dividends in 3 years are forecast to be well covered by earnings (25.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Jifan Gao (56 yo)

24.08yrs

Tenure

Mr. Jifan Gao founded Trina Solar Co., Ltd and its subsidiary, Changzhou Trina Solar Energy Co., Ltd. in 1998. He is Chairman of Trina Solar Co., Ltd since January 1998.Mr. Gao serves as General Manager o...


Leadership Team

Experienced Management: 688599's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: 688599's board of directors are seasoned and experienced ( 15.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Trina Solar Co., Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Trina Solar Co., Ltd
  • Ticker: 688599
  • Exchange: SHSE
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: CN¥138.703b
  • Shares outstanding: 2.07b
  • Website: https://www.trinasolar.com

Number of Employees


Location

  • Trina Solar Co., Ltd
  • No.2 Tianhe Road
  • Trina Photovoltaic Industrial Park
  • Changzhou
  • Jiangsu Province
  • 213031
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 09:05
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.