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Market Cap

€1.3b

Last Updated

2021/05/08 01:48 UTC

Data Sources

Company Financials +

Executive Summary

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. More Details


Snowflake Analysis

Undervalued with reasonable growth potential.


Similar Companies

Share Price & News

How has JinkoSolar Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZJS1 is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: ZJS1's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of German stocks.


Market Performance


7 Day Return

-12.9%

ZJS1

-5.4%

DE Semiconductor

0.3%

DE Market


1 Year Return

82.7%

ZJS1

79.0%

DE Semiconductor

36.0%

DE Market

Return vs Industry: ZJS1 exceeded the German Semiconductor industry which returned 74.5% over the past year.

Return vs Market: ZJS1 exceeded the German Market which returned 36.3% over the past year.


Shareholder returns

ZJS1IndustryMarket
7 Day-12.9%-5.4%0.3%
30 Day-19.1%-10.8%-0.1%
90 Day-49.4%-5.7%6.6%
1 Year82.7%82.7%80.6%79.0%40.7%36.0%
3 Year70.1%70.1%41.4%36.2%20.7%10.2%
5 Year47.0%47.0%183.7%170.3%54.7%33.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is JinkoSolar Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZJS1 (€26.56) is trading below our estimate of fair value (€108.95)

Significantly Below Fair Value: ZJS1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ZJS1 is good value based on its PE Ratio (40.7x) compared to the DE Semiconductor industry average (41x).

PE vs Market: ZJS1 is poor value based on its PE Ratio (40.7x) compared to the German market (27.6x).


Price to Earnings Growth Ratio

PEG Ratio: ZJS1 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: ZJS1 is good value based on its PB Ratio (1x) compared to the DE Semiconductor industry average (3.3x).


Future Growth

How is JinkoSolar Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

43.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZJS1's forecast earnings growth (43.4% per year) is above the savings rate (0.01%).

Earnings vs Market: ZJS1's earnings (43.4% per year) are forecast to grow faster than the German market (19.6% per year).

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

Revenue vs Market: ZJS1's revenue (14.6% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: ZJS1's revenue (14.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZJS1's Return on Equity is forecast to be low in 3 years time (13.4%).


Past Performance

How has JinkoSolar Holding performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZJS1 has a large one-off loss of CN¥648.0M impacting its December 31 2020 financial results.

Growing Profit Margin: ZJS1's current net profit margins (0.7%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: ZJS1's earnings have declined by 4.9% per year over the past 5 years.

Accelerating Growth: ZJS1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ZJS1 had negative earnings growth (-74.4%) over the past year, making it difficult to compare to the Semiconductor industry average (-41.4%).


Return on Equity

High ROE: ZJS1's Return on Equity (2.6%) is considered low.


Financial Health

How is JinkoSolar Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ZJS1's short term assets (CN¥33.7B) exceed its short term liabilities (CN¥31.2B).

Long Term Liabilities: ZJS1's short term assets (CN¥33.7B) exceed its long term liabilities (CN¥9.0B).


Debt to Equity History and Analysis

Debt Level: ZJS1's debt to equity ratio (205.6%) is considered high.

Reducing Debt: ZJS1's debt to equity ratio has increased from 118.4% to 205.6% over the past 5 years.

Debt Coverage: ZJS1's debt is not well covered by operating cash flow (2.2%).

Interest Coverage: ZJS1's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Dividend

What is JinkoSolar Holding current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZJS1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZJS1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ZJS1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZJS1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZJS1's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

8.9yrs

Average board tenure


CEO

Xiande Li (44 yo)

0.42

Tenure

Mr. Xiande Li co-founded JinkoSolar Holding Co., Ltd. and serves as its Chairman of the Board. He serves as Chief Executive Officer of JinkoSolar Holding Co., Ltd. since December 15, 2020. Mr. Li served as...


Board Members

Experienced Board: ZJS1's board of directors are considered experienced (8.9 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 been diluted in the past year, with total shares outstanding growing by 8.6%.


Top Shareholders

Company Information

JinkoSolar Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JinkoSolar Holding Co., Ltd.
  • Ticker: ZJS1
  • Exchange: DB
  • Founded: 2006
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$1.547b
  • Listing Market Cap: US$1.283b
  • Shares outstanding: 48.35m
  • Website: https://www.jinkosolar.com

Number of Employees


Location

  • JinkoSolar Holding Co., Ltd.
  • 1 Jingke Road
  • Shangrao Economic Development Zone
  • Shangrao
  • Jiangxi Province
  • 334100
  • China

Listings


Biography

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/08 01:48
End of Day Share Price2021/05/07 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.