Canadian Solar
Market Cap
US$2.3b
Last Updated
2020/10/21 23:35 UTC
Data Sources
Company Financials +
Executive Summary
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.6% per year for the next 3 years
Snowflake Analysis
Undervalued with solid track record.
Similar Companies
Share Price & News
How has Canadian Solar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CSIQ's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.5%
CSIQ
-2.1%
US Semiconductor
-1.4%
US Market
1 Year Return
121.5%
CSIQ
46.7%
US Semiconductor
17.8%
US Market
Return vs Industry: CSIQ exceeded the US Semiconductor industry which returned 49.3% over the past year.
Return vs Market: CSIQ exceeded the US Market which returned 18.5% over the past year.
Shareholder returns
| CSIQ | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -2.1% | -1.4% |
| 30 Day | 34.3% | 8.7% | 4.7% |
| 90 Day | 72.1% | 17.5% | 8.2% |
| 1 Year | 121.5%121.5% | 49.4%46.7% | 20.5%17.8% |
| 3 Year | 145.1%145.1% | 84.5%74.9% | 42.2%32.7% |
| 5 Year | 82.3%82.3% | 238.9%205.0% | 83.4%62.7% |
Price Volatility Vs. Market
How volatile is Canadian Solar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Has Canadian Solar (NASDAQ:CSIQ) Got What It Takes To Become A Multi-Bagger?1 month ago | Simply Wall St
If You Had Bought Canadian Solar (NASDAQ:CSIQ) Stock Three Years Ago, You Could Pocket A 65% Gain Today1 month ago | Simply Wall St
Insufficient Growth At Canadian Solar Inc. (NASDAQ:CSIQ) Hampers Share PriceValuation
Is Canadian Solar 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: CSIQ ($39.51) is trading below our estimate of fair value ($114.61)
Significantly Below Fair Value: CSIQ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CSIQ is good value based on its PE Ratio (9.2x) compared to the US Semiconductor industry average (39.8x).
PE vs Market: CSIQ is good value based on its PE Ratio (9.2x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: CSIQ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CSIQ is good value based on its PB Ratio (1.6x) compared to the US Semiconductor industry average (3.4x).
Next Steps
Future Growth
How is Canadian Solar forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-0.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSIQ's earnings are forecast to decline over the next 3 years (-0.6% per year).
Earnings vs Market: CSIQ's earnings are forecast to decline over the next 3 years (-0.6% per year).
High Growth Earnings: CSIQ's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CSIQ's revenue (17% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: CSIQ's revenue (17% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CSIQ's Return on Equity is forecast to be low in 3 years time (12.2%).
Next Steps
Past Performance
How has Canadian Solar performed over the past 5 years?
12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSIQ has high quality earnings.
Growing Profit Margin: CSIQ's current net profit margins (8%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: CSIQ's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: CSIQ's earnings growth over the past year (15.1%) exceeds its 5-year average (12% per year).
Earnings vs Industry: CSIQ earnings growth over the past year (15.1%) exceeded the Semiconductor industry 7.5%.
Return on Equity
High ROE: CSIQ's Return on Equity (16.5%) is considered low.
Next Steps
Financial Health
How is Canadian Solar's financial position?
Financial Position Analysis
Short Term Liabilities: CSIQ's short term assets ($3.2B) exceed its short term liabilities ($2.8B).
Long Term Liabilities: CSIQ's short term assets ($3.2B) exceed its long term liabilities ($918.3M).
Debt to Equity History and Analysis
Debt Level: CSIQ's debt to equity ratio (115%) is considered high.
Reducing Debt: CSIQ's debt to equity ratio has reduced from 182.1% to 115% over the past 5 years.
Debt Coverage: CSIQ's debt is well covered by operating cash flow (33.7%).
Interest Coverage: CSIQ's interest payments on its debt are well covered by EBIT (5.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Canadian Solar current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CSIQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CSIQ'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 CSIQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CSIQ'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 CSIQ's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Shawn Qu (56 yo)
no data
Tenure
Dr. Xiaohua Qu, also known as Shawn, Founded Canadian Solar Inc. in October 2001 and serves as its Chief Executive Officer and served as its President since October 2001 until June 2020. Prior to joining C ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | no data | 23.51% $ 548.3m | |
| Director | 0.083yr | no data | 0% $ 0 | |
| Senior VP | 0.083yr | no data | 0.0066% $ 154.2k | |
| Senior VP & CTO | no data | no data | 0.019% $ 433.0k | |
| Managing Director of Investor Relations | 9.5yrs | no data | no data | |
| Senior VP | 4.5yrs | no data | 0.031% $ 718.9k | |
| Managing Director of Global EPC - Global Energy Group | 3.08yrs | no data | no data | |
| Corporate VP & President of the Energy business | no data | no data | no data | |
| Senior Supervisor of Investor Relations | no data | no data | no data |
4.5yrs
Average Tenure
56yo
Average Age
Experienced Management: CSIQ's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | no data | 23.51% $ 548.3m | |
| Director | 0.083yr | no data | 0% $ 0 | |
| Senior VP | 0.083yr | no data | 0.0066% $ 154.2k | |
| Independent Director | 0.33yr | no data | no data | |
| Independent Director | 0.083yr | no data | no data | |
| Independent Director | 9.25yrs | no data | 0.059% $ 1.4m | |
| Independent Director | 6.17yrs | no data | 0.011% $ 264.1k | |
| Independent Director | 0.75yr | no data | no data | |
| Independent Director | 1.58yrs | no data | no data |
0.8yrs
Average Tenure
58yo
Average Age
Experienced Board: CSIQ's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Canadian Solar Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Canadian Solar Inc.
- Ticker: CSIQ
- Exchange: NasdaqGS
- Founded: 2001
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$2.333b
- Shares outstanding: 59.04m
- Website: https://www.canadiansolar.com
Number of Employees
Location
- Canadian Solar Inc.
- 545 Speedvale Avenue West
- Guelph
- Ontario
- N1K 1E6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CSIQ | NasdaqGS (Nasdaq Global Select) | Yes | Common Shares | US | USD | Nov 2006 |
| L5A | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 2006 |
| 0XGH | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Nov 2006 |
Biography
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segmen ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/21 23:35 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.