First Solar, Inc.

LSE:0R06 Stock Report

Market Cap: US$14.2b

First Solar Valuation

Is 0R06 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 0R06 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$356.68
Fair Value
62.6% undervalued intrinsic discount
34
Number of Analysts

Below Fair Value: 0R06 ($133.3) is trading below our estimate of fair value ($356.68)

Significantly Below Fair Value: 0R06 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R06?

Key metric: As 0R06 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R06. This is calculated by dividing 0R06's market cap by their current earnings.
What is 0R06's PE Ratio?
PE Ratio11x
EarningsUS$1.29b
Market CapUS$14.22b

Price to Earnings Ratio vs Peers

How does 0R06's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R06 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.8x
CML CML Microsystems
29.4xn/aUK£37.9m
2303 United Microelectronics
11.9x8.9%NT$548.9b
ON ON Semiconductor
11.3x9.5%US$18.1b
688008 Montage Technology
62.7x30.7%CN¥86.2b
0R06 First Solar
11x21.3%US$14.2b

Price-To-Earnings vs Peers: 0R06 is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (28.4x).

Price to Earnings Ratio vs Industry

How does 0R06's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0R06 11.0xIndustry Avg. 16.7xNo. of Companies6PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R06 is good value based on its Price-To-Earnings Ratio (11x) compared to the European Semiconductor industry average (16.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0R06'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.

0R06 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0R06'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 0R06 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$133.30
US$245.12
+83.9%
14.4%US$304.00US$150.00n/a34
Mar ’26US$134.66
US$248.02
+84.2%
12.7%US$304.00US$190.00n/a33
Feb ’26US$167.24
US$267.53
+60.0%
15.1%US$360.00US$190.00n/a35
Jan ’26US$176.66
US$270.40
+53.1%
14.3%US$360.00US$190.00n/a34
Dec ’25US$199.27
US$275.88
+38.4%
13.2%US$360.00US$190.00n/a34
Nov ’25US$205.48
US$278.70
+35.6%
12.1%US$360.00US$190.00n/a34
Oct ’25US$243.76
US$286.62
+17.6%
14.2%US$368.00US$190.00n/a32
Sep ’25US$224.99
US$285.03
+26.7%
14.2%US$368.00US$190.00n/a31
Aug ’25US$219.01
US$282.93
+29.2%
15.2%US$368.00US$190.00n/a31
Jul ’25US$223.71
US$283.90
+26.9%
16.6%US$356.00US$185.00n/a29
Jun ’25US$267.38
US$255.18
-4.6%
17.8%US$356.00US$182.00n/a29
May ’25US$177.68
US$226.07
+27.2%
15.7%US$359.00US$182.00n/a31
Apr ’25US$168.39
US$222.64
+32.2%
16.9%US$359.00US$170.00n/a29
Mar ’25US$158.02
US$222.77
+41.0%
17.2%US$359.00US$170.00US$134.6628
Feb ’25US$148.50
US$226.16
+52.3%
15.6%US$326.00US$170.00US$167.2427
Jan ’25US$173.06
US$228.09
+31.8%
15.2%US$326.00US$170.00US$176.6626
Dec ’24US$160.60
US$229.82
+43.1%
15.0%US$326.00US$170.00US$199.2725
Nov ’24US$144.09
US$235.71
+63.6%
12.9%US$326.00US$185.00US$205.4824
Oct ’24US$161.27
US$244.44
+51.6%
13.5%US$330.00US$185.00US$243.7623
Sep ’24US$185.10
US$245.60
+32.7%
14.3%US$332.00US$180.00US$224.9922
Aug ’24US$202.96
US$243.02
+19.7%
14.7%US$332.00US$180.00US$219.0123
Jul ’24US$190.22
US$223.70
+17.6%
11.9%US$277.00US$185.00US$223.7122
Jun ’24US$208.46
US$225.25
+8.1%
11.6%US$277.00US$185.00US$267.3822
May ’24US$181.11
US$219.11
+21.0%
11.1%US$272.00US$170.00US$177.6825
Apr ’24US$215.46
US$211.69
-1.7%
12.5%US$260.00US$160.00US$168.3924
Mar ’24US$193.00
US$192.82
-0.09%
19.1%US$260.00US$75.00US$158.0222
Analyst Price Target
Consensus Narrative from 34 Analysts
US$246.01
Fair Value
45.8% undervalued intrinsic discount
34
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/14 10:46
End of Day Share Price 2025/03/13 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Solar, Inc. is covered by 85 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anders RosenlundABG Sundal Collier
Adam KropArdour Capital Investments, LLC
James FontanelliArete Research Services LLP