Canadian Solar
Market Cap
US$1.3b
Last Updated
2019/09/18 23:51 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 primarily under the Canadian Solar brand name.
Snowflake
Fundamentals
Fair value with acceptable 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
Market Performance
7 Day Return
2.3%
NasdaqGS:CSIQ
-0.8%
US Semiconductor
-0.02%
US Market
1 Year Return
45.2%
NasdaqGS:CSIQ
10.2%
US Semiconductor
1.6%
US Market
CSIQ outperformed the Semiconductor industry which returned 10.7% over the past year.
CSIQ outperformed the Market in United States of America which returned 1.9% over the past year.
Share holder returns
| CSIQ | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | -0.8% | -0.02% |
| 30 Day | -11.0% | 5.8% | 2.7% |
| 90 Day | -1.4% | 12.0% | 1.4% |
| 1 Year | 45.2%45.2% | 12.3%10.2% | 3.8%1.6% |
| 3 Year | 75.3%75.3% | 82.2%71.6% | 45.2%35.8% |
| 5 Year | -43.9%-43.9% | 122.9%100.2% | 61.8%44.1% |
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
7 months ago | Simply Wall St
With A Return On Equity Of 16%, Has Canadian Solar Inc.'s (NASDAQ:CSIQ) Management Done Well?9 months ago | Simply Wall St
Canadian Solar Inc (NASDAQ:CSIQ): A Look At Return On Capital1 year ago | Simply Wall St
Should You Be Concerned About Canadian Solar Inc's (NASDAQ:CSIQ) Earnings Growth?Valuation
Is Canadian Solar undervalued based on future cash flows and its price relative to the stock market?
5.75x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Canadian Solar's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Canadian Solar's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Canadian Solar is good value based on earnings compared to the US Semiconductor industry average.
Canadian Solar is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Canadian Solar earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
Canadian Solar is good value based on assets compared to the US Semiconductor industry average.
Next Steps
Future Growth
How is Canadian Solar expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
-6.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Canadian Solar's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Canadian Solar's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Canadian Solar's revenue growth is positive but not above the United States of America market average.
Canadian Solar's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Canadian Solar's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Canadian Solar is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has Canadian Solar performed over the past 5 years?
-5.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Canadian Solar's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
Canadian Solar's 1-year earnings growth exceeds its 5-year average (67.3% vs -5.4%)
Canadian Solar's earnings growth has exceeded the US Semiconductor industry average in the past year (67.3% vs -6.2%).
Return on Equity
Canadian Solar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Canadian Solar used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
Return on Capital Employed
Canadian Solar has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Canadian Solar's financial position?
Financial Position Analysis
Canadian Solar's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Canadian Solar's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Canadian Solar's level of debt (130.2%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (204.6% vs 130.2% today).
Debt is not well covered by operating cash flow (12.6%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.7x debt.
Next Steps
Dividend
What is Canadian Solar's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Canadian Solar's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Canadian Solar's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Canadian Solar has not reported any payouts.
Unable to verify if Canadian Solar's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Canadian Solar has not reported any payouts.
Future Payout to Shareholders
No need to calculate the sustainability of Canadian Solar's dividends in 3 years as they are not expected to pay a notable one for United States of America.
Next Steps
Management
What is the CEO of Canadian Solar's salary, the management and board of directors tenure and is there insider trading?
5.2yrs
Average management tenure
CEO
Shawn Qu (55yo)
0yrs
Tenure
Dr. Xiaohua Qu, also known as Shawn, Founded Canadian Solar Inc. in October 2001 and has been its Chief Executive Officer and President since October 2001. Prior to joining Canadian Solar, Inc., Dr. Qu wo ...
Management Age and Tenure
5.2yrs
Average Tenure
57yo
Average Age
The average tenure for the Canadian Solar management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
10.6yrs
Average Tenure
61yo
Average Age
The average tenure for the Canadian Solar board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Company |
| Shares | 177,918 |
| Max Price | US$17.07 |
| Entity | Company |
| Shares | 600,000 |
| Max Price | US$20.80 |
| Entity | Company |
| Shares | 208,728 |
| Max Price | US$14.71 |
Ownership Breakdown
Management Team
Guangchun Zhang (62yo)
Senior VP & COO
- Tenure: 6.8yrs
Shanglin Shi (65yo)
Deputy General Manager of China Operation
- Tenure: 13.1yrs
Jian Chien (58yo)
Senior VP
- Tenure: 12yrs
Shawn Qu (55yo)
Chairman
- Tenure: 0yrs
Yan Zhuang (55yo)
Acting CEO
- Tenure: 0.3yrs
Ed Job
Managing Director of Investor Relations
- Tenure: 8.4yrs
Guoqiang Xing (56yo)
Senior VP & CTO
- Tenure: 0yrs
Julie Ungerleider
Managing Director of Global EPC - Global Energy Group
- Tenure: 2yrs
Huifeng Chang (53yo)
Senior VP & CFO
- Tenure: 3.3yrs
Jianyi Zhang (61yo)
Senior VP
- Tenure: 3.6yrs
Board Members
Lars-Eric Johansson (72yo)
Independent Director
- Tenure: 13.1yrs
Harry Ruda (60yo)
Independent Director
- Tenure: 8.2yrs
Bob McDermott (78yo)
Lead Independent Director
- Tenure: 13.1yrs
Shawn Qu (55yo)
Chairman
- Tenure: 0yrs
Andrew Wong (62yo)
Independent Director
- Tenure: 5.1yrs
Arthur Wong (59yo)
Independent Director
- Tenure: 0.5yrs
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$1.289b
- Shares outstanding: 59.44m
- 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 |
Biography
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/18 23:51 |
| End of Day Share Price | 2019/09/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.