First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally.
Share Price & News
How has First Solar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FSLR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FSLR's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: FSLR exceeded the US Semiconductor industry which returned 55% over the past year.
Return vs Market: FSLR exceeded the US Market which returned 33.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is First Solar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StShould You Investigate First Solar, Inc. (NASDAQ:FSLR) At US$105?
1 month ago | Simply Wall StGetting In Cheap On First Solar, Inc. (NASDAQ:FSLR) Is Unlikely
2 months ago | Simply Wall StHere's Why First Solar (NASDAQ:FSLR) Can Manage Its Debt Responsibly
First Solar Fundamentals Summary
|FSLR fundamental statistics|
Is FSLR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FSLR income statement (TTM)|
|Cost of Revenue||US$2.13b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||5.31|
|Net Profit Margin||18.96%|
How did FSLR perform over the long term?See historical performance and comparison
Is First Solar undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FSLR ($104.02) is trading below our estimate of fair value ($196.42)
Significantly Below Fair Value: FSLR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FSLR is good value based on its PE Ratio (19.6x) compared to the US Semiconductor industry average (29.6x).
PE vs Market: FSLR is poor value based on its PE Ratio (19.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: FSLR is poor value based on its PEG Ratio (4.7x)
Price to Book Ratio
PB vs Industry: FSLR is good value based on its PB Ratio (1.9x) compared to the US Semiconductor industry average (4.4x).
How is First Solar forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FSLR's forecast earnings growth (4.2% per year) is above the savings rate (2%).
Earnings vs Market: FSLR's earnings (4.2% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: FSLR's earnings are forecast to grow, but not significantly.
Revenue vs Market: FSLR's revenue (9% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: FSLR's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FSLR's Return on Equity is forecast to be low in 3 years time (6.8%).
How has First Solar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FSLR has a large one-off gain of $128.4M impacting its June 30 2021 financial results.
Growing Profit Margin: FSLR's current net profit margins (19%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: FSLR's earnings have grown significantly by 33.3% per year over the past 5 years.
Accelerating Growth: FSLR's earnings growth over the past year (469.5%) exceeds its 5-year average (33.3% per year).
Earnings vs Industry: FSLR earnings growth over the past year (469.5%) exceeded the Semiconductor industry 70.6%.
Return on Equity
High ROE: FSLR's Return on Equity (9.7%) is considered low.
How is First Solar's financial position?
Financial Position Analysis
Short Term Liabilities: FSLR's short term assets ($3.2B) exceed its short term liabilities ($660.9M).
Long Term Liabilities: FSLR's short term assets ($3.2B) exceed its long term liabilities ($803.9M).
Debt to Equity History and Analysis
Debt Level: FSLR's debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: FSLR's debt to equity ratio has increased from 4.1% to 4.8% over the past 5 years.
Debt Coverage: FSLR's debt is well covered by operating cash flow (104.3%).
Interest Coverage: FSLR's interest payments on its debt are well covered by EBIT (32.3x coverage).
What is First Solar current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FSLR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FSLR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FSLR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FSLR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FSLR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Widmar (55 yo)
Mr. Mark R. Widmar has been the Chief Executive Officer and Director of First Solar, Inc. since July 1, 2016. Mr. Widmar served as the Chief Financial Officer of 8Point3 General Partner, LLC, a General Par...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD8.32M) is about average for companies of similar size in the US market ($USD11.36M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Experienced Management: FSLR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: FSLR's board of directors are considered experienced (9.3 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Solar, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Solar, Inc.
- Ticker: FSLR
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$11.059b
- Shares outstanding: 106.32m
- Website: https://www.firstsolar.com
Number of Employees
- First Solar, Inc.
- 350 West Washington Street
- Suite 600
- United States
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. It operates in two segments, Modules and Systems. The...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:08|
|End of Day Share Price||2021/09/17 00:00|
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.