NOT FOR DISTRIBUTION
Header cover image

Market Cap

CN¥36.4b

Last Updated

2021/04/19 09:12 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has Trina Solar's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 688599 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 688599's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

1.6%

688599

-1.9%

CN Semiconductor

-0.8%

CN Market


1 Year Return

n/a

688599

28.8%

CN Semiconductor

24.8%

CN Market

Return vs Industry: Insufficient data to determine how 688599 performed against the CN Semiconductor industry.

Return vs Market: Insufficient data to determine how 688599 performed against the CN Market.


Shareholder returns

688599IndustryMarket
7 Day1.6%-1.9%-0.8%
30 Day1.3%4.4%0.9%
90 Day-15.2%-19.6%-6.6%
1 Yearn/a29.2%28.8%26.7%24.8%
3 Yearn/a88.2%81.4%28.9%22.6%
5 Yearn/a135.1%125.2%30.2%21.5%

Long-Term Price Volatility Vs. Market

How volatile is Trina Solar's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

27.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 688599 (CN¥17.9) is trading above our estimate of fair value (CN¥4.26)

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


Price To Earnings Ratio

PE vs Industry: 688599 is good value based on its PE Ratio (28x) compared to the CN Semiconductor industry average (59.5x).

PE vs Market: 688599 is good value based on its PE Ratio (28x) compared to the CN market (33.5x).


Price to Earnings Growth Ratio

PEG Ratio: 688599 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 688599 is good value based on its PB Ratio (2.5x) compared to the CN Semiconductor industry average (5.2x).


Future Growth

How is Trina Solar forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

33.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688599's forecast earnings growth (33.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 688599's earnings (33.7% per year) are forecast to grow faster than the CN market (22.9% per year).

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

Revenue vs Market: 688599's revenue (28.9% per year) is forecast to grow faster than the CN market (17.7% per year).

High Growth Revenue: 688599's revenue (28.9% 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 low in 3 years time (15.7%).


Past Performance

How has Trina Solar performed over the past 5 years?

12.1%

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 (4.2%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 688599's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: 688599's earnings growth over the past year (91.3%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: 688599 earnings growth over the past year (91.3%) exceeded the Semiconductor industry 38.7%.


Return on Equity

High ROE: 688599's Return on Equity (7.9%) is considered low.


Financial Health

How is Trina Solar's financial position?


Financial Position Analysis

Short Term Liabilities: 688599's short term assets (CN¥28.3B) exceed its short term liabilities (CN¥24.2B).

Long Term Liabilities: 688599's short term assets (CN¥28.3B) exceed its long term liabilities (CN¥5.6B).


Debt to Equity History and Analysis

Debt Level: 688599's debt to equity ratio (60.9%) is considered high.

Reducing Debt: 688599's debt to equity ratio has reduced from 158.2% to 60.9% over the past 5 years.

Debt Coverage: 688599's debt is well covered by operating cash flow (31.3%).

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?

1.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 688599's dividend (1.01%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).

High Dividend: 688599's dividend (1.01%) is low compared to the top 25% of dividend payers in the CN market (1.83%).


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 reasonably low payout ratio (28.1%), 688599's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.4yrs

Average management tenure


CEO

Jifan Gao (55 yo)

0.58

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 (5.4 years average tenure).


Board Members

Experienced Board: 688599's board of directors are seasoned and experienced ( 14.4 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: 688599 only recently listed within the past 12 months.


Top Shareholders

Company Information

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


Key Information

  • Name: Trina Solar Co., Ltd
  • Ticker: 688599
  • Exchange: SHSE
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CN¥36.377b
  • Shares outstanding: 2.07b
  • Website: https://www.trinasolar.com

Number of Employees


Location

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

Listings


Biography

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, develo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 09:12
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
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.