First Solar, Inc.

BIT:1FSLR Stock Report

Market Cap: €20.9b

First Solar Valuation

Is 1FSLR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 1FSLR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€254.23
Fair Value
20.6% undervalued intrinsic discount
30
Number of Analysts

Below Fair Value: 1FSLR (€197.28) is trading below our estimate of fair value (€254.23)

Significantly Below Fair Value: 1FSLR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1FSLR?

Key metric: As 1FSLR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1FSLR. This is calculated by dividing 1FSLR's market cap by their current earnings.
What is 1FSLR's PE Ratio?
PE Ratio19.3x
EarningsUS$1.26b
Market CapUS$24.23b

Price to Earnings Ratio vs Peers

How does 1FSLR's PE Ratio compare to its peers?

The above table shows the PE ratio for 1FSLR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56x
TPRO Technoprobe
79.9x43.37%€5.6b
603501 OmniVision Integrated Circuits Group
42.8x19.85%CN¥170.5b
688008 Montage Technology
86.1x29.09%CN¥170.3b
285A Kioxia Holdings
15x12.63%JP¥3.3t
1FSLR First Solar
19.3x23.97%€24.2b

Price-To-Earnings vs Peers: 1FSLR is good value based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (56x).

Price to Earnings Ratio vs Industry

How does 1FSLR's PE Ratio compare vs other companies in the European Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
1FSLR 19.3xIndustry Avg. 33.5xNo. of Companies4PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1FSLR is good value based on its Price-To-Earnings Ratio (19.3x) compared to the European Semiconductor industry average (33.5x).

Price to Earnings Ratio vs Fair Ratio

What is 1FSLR'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.

1FSLR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1FSLR'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 1FSLR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€197.28
€196.78
-0.26%
17.08%€253.47€86.51n/a30
Oct ’26€193.46
€189.55
-2.02%
18.04%€244.47€85.18n/a30
Sep ’26€167.26
€188.43
+12.66%
17.71%€245.64€85.59n/a30
Aug ’26€160.54
€184.08
+14.66%
18.19%€244.40€86.36n/a31
Jul ’26€140.16
€171.08
+22.06%
20.08%€257.85€84.82n/a33
Jun ’26€140.54
€177.73
+26.46%
19.81%€267.76€88.08n/a34
May ’26€111.94
€176.87
+58.00%
20.22%€269.25€88.57n/a34
Apr ’26€115.28
€222.23
+92.77%
16.14%€281.78€134.40n/a33
Mar ’26€131.08
€237.03
+80.83%
13.29%€293.12€183.20n/a32
Feb ’26€161.96
€256.80
+58.56%
15.28%€345.96€182.59n/a34
Jan ’26€173.50
€259.26
+49.43%
14.47%€345.46€182.32n/a33
Dec ’25€183.20
€260.70
+42.30%
13.22%€340.20€179.55n/a34
Nov ’25€184.98
€256.23
+38.52%
12.12%€330.98€174.69n/a34
Oct ’25€225.95
€256.44
+13.50%
14.16%€329.25€169.99€193.4632
Sep ’25€202.55
€261.06
+28.89%
14.23%€337.05€174.02€167.2631
Aug ’25€203.35
€262.19
+28.93%
15.15%€341.03€176.07€160.5431
Jul ’25€207.15
€265.28
+28.06%
16.56%€332.65€172.86€140.1629
Jun ’25€241.75
€235.22
-2.70%
17.75%€328.16€167.77€140.5429
May ’25€166.52
€212.21
+27.44%
15.70%€336.99€170.84€111.9431
Apr ’25€156.00
€206.39
+32.30%
16.86%€332.79€157.59€115.2829
Mar ’25€148.30
€205.57
+38.62%
17.16%€331.29€156.88€131.0828
Feb ’25€136.54
€208.59
+52.77%
15.56%€300.67€156.79€161.9627
Jan ’25€156.60
€208.93
+33.42%
15.23%€298.62€155.72€173.5026
Dec ’24€146.00
€209.46
+43.46%
15.02%€297.12€154.94€183.2025
Nov ’24€134.48
€223.06
+65.86%
12.88%€308.49€175.07€184.9824
Oct ’24€152.84
€231.22
+51.28%
13.48%€312.15€174.99€225.9523
€198.63
Fair Value
1.6% overvalued intrinsic discount
30
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/12 18:12
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
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 83 analysts. 33 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