CSI Solar Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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¥12.5) is trading above our estimate of fair value (CN¥0.79)

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 Ratio	22.8x
Earnings	CN¥2.02b
Market Cap	CN¥46.10b

688472 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	10.3x
PEG Ratio	1x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	73x
688249 Nexchip Semiconductor	105.5x	43.4%	CN¥47.5b
002156 Tongfu MicroelectronicsLtd	56.8x	37.8%	CN¥45.0b
300661 SG Micro	94x	42.2%	CN¥40.5b
002049 Unigroup Guoxin Microelectronics	35.6x	27.9%	CN¥54.6b
688472 CSI Solar	22.8x	24.0%	CN¥46.1b

Price-To-Earnings vs Peers: 688472 is good value based on its Price-To-Earnings Ratio (22.8x) compared to the peer average (73.2x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 688472 is good value based on its Price-To-Earnings Ratio (22.8x) compared to the CN Semiconductor industry average (61.1x).

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 Ratio	22.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 688472's Price-To-Earnings Fair Ratio for valuation analysis.

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	CN¥12.50	CN¥19.52 +56.1%	11.8%	CN¥23.22	CN¥16.37	n/a	5
Nov ’25	CN¥14.21	CN¥15.81 +11.3%	20.7%	CN¥20.00	CN¥12.24	n/a	4
Oct ’25	CN¥13.97	CN¥14.05 +0.6%	15.9%	CN¥18.00	CN¥12.00	n/a	5
Sep ’25	CN¥10.57	CN¥14.05 +32.9%	15.9%	CN¥18.00	CN¥12.00	n/a	5
Aug ’25	CN¥9.14	CN¥14.27 +56.2%	17.5%	CN¥18.00	CN¥12.00	n/a	5
Jul ’25	n/a	CN¥14.34 0%	13.5%	CN¥16.50	CN¥12.00	n/a	4
Jun ’25	n/a	CN¥15.55 0%	19.2%	CN¥20.40	CN¥12.00	n/a	5
May ’25	n/a	CN¥15.55 0%	19.2%	CN¥20.40	CN¥12.00	n/a	5
Apr ’25	n/a	CN¥16.50 0%	17.1%	CN¥20.40	CN¥12.00	n/a	5
Mar ’25	n/a	CN¥17.84 0%	12.1%	CN¥20.40	CN¥15.12	n/a	3
Feb ’25	n/a	CN¥18.84 0%	14.0%	CN¥21.00	CN¥15.12	n/a	3
Jan ’25	n/a	CN¥18.84 0%	14.0%	CN¥21.00	CN¥15.12	n/a	3
Dec ’24	n/a	CN¥18.84 0%	14.0%	CN¥21.00	CN¥15.12	n/a	3
Nov ’24	n/a	CN¥21.70 0%	6.0%	CN¥23.00	CN¥20.40	CN¥14.21	2
Oct ’24	n/a	CN¥21.70 0%	6.0%	CN¥23.00	CN¥20.40	CN¥13.97	2
Sep ’24	n/a	CN¥21.70 0%	6.0%	CN¥23.00	CN¥20.40	CN¥10.57	2

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

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