NYSE:JKS

Stock Analysis Report

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Executive Summary

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. More Details


Snowflake Analysis

Very undervalued with reasonable growth potential.


Similar Companies

Share Price & News

How has JinkoSolar Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JKS is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: JKS's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-12.7%

JKS

1.3%

US Semiconductor

-0.9%

US Market


1 Year Return

154.0%

JKS

51.2%

US Semiconductor

19.6%

US Market

Return vs Industry: JKS exceeded the US Semiconductor industry which returned 55.9% over the past year.

Return vs Market: JKS exceeded the US Market which returned 21% over the past year.


Shareholder returns

JKSIndustryMarket
7 Day-12.7%1.3%-0.9%
30 Day-5.9%6.2%3.0%
90 Day-17.1%18.1%11.5%
1 Year154.0%154.0%53.8%51.2%22.3%19.6%
3 Year139.9%139.9%103.5%92.8%45.3%35.7%
5 Year178.7%178.7%354.7%310.6%124.8%99.9%

Long-Term Price Volatility Vs. Market

How volatile is JinkoSolar Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is JinkoSolar Holding undervalued compared to its fair value and its price relative to the market?

42.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JKS ($57.99) is trading below our estimate of fair value ($101.2)

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


Price To Earnings Ratio

PE vs Industry: JKS is good value based on its PE Ratio (17.1x) compared to the US Semiconductor industry average (46.9x).

PE vs Market: JKS is good value based on its PE Ratio (17.1x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: JKS is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: JKS is good value based on its PB Ratio (1.7x) compared to the US Semiconductor industry average (4.5x).


Next Steps

Future Growth

How is JinkoSolar Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

24.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JKS's forecast earnings growth (24.2% per year) is above the savings rate (2%).

Earnings vs Market: JKS's earnings (24.2% per year) are forecast to grow faster than the US market (21.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JKS's revenue (15.6% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: JKS's revenue (15.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JKS's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has JinkoSolar Holding performed over the past 5 years?

-0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JKS has high quality earnings.

Growing Profit Margin: JKS's current net profit margins (2.8%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: JKS's earnings have declined by 0.4% per year over the past 5 years.

Accelerating Growth: JKS's earnings growth over the past year (51%) exceeds its 5-year average (-0.4% per year).

Earnings vs Industry: JKS earnings growth over the past year (51%) exceeded the Semiconductor industry 20.8%.


Return on Equity

High ROE: JKS's Return on Equity (8.9%) is considered low.


Next Steps

Financial Health

How is JinkoSolar Holding's financial position?


Financial Position Analysis

Short Term Liabilities: JKS's short term assets (CN¥32.3B) exceed its short term liabilities (CN¥31.1B).

Long Term Liabilities: JKS's short term assets (CN¥32.3B) exceed its long term liabilities (CN¥6.6B).


Debt to Equity History and Analysis

Debt Level: JKS's debt to equity ratio (197.7%) is considered high.

Reducing Debt: JKS's debt to equity ratio has reduced from 224.8% to 197.7% over the past 5 years.

Debt Coverage: JKS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JKS's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Next Steps

Dividend

What is JinkoSolar Holding current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JKS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JKS'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 JKS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JKS'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 JKS'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?

8.5yrs

Average board tenure


CEO

Xiande Li (44 yo)

0.083

Tenure

Mr. Xiande Li co-founded JinkoSolar Holding Co., Ltd. and serves as its Chairman of the Board. He serves as Chief Executive Officer of JinkoSolar Holding Co., Ltd. since December 15, 2020. Mr. Li served as...


Board Members

NamePositionTenureCompensationOwnership
Xiande Li
Co-Founder0.083yrno data8.86%
CN¥ 240.3m
Kangping Chen
Co-Founder & Directorno datano data6.41%
CN¥ 174.1m
Xianhua Li
Co-Founder & Directorno datano data3.32%
CN¥ 90.1m
Haiyun Cao
CFO & Director0.083yrno datano data
Stephen Markscheid
Independent Director11.33yrsno datano data
Wing Keong Siew
Independent Director12.67yrsno datano data
Yingqiu Liu
Independent Director5.75yrsno datano data

8.5yrs

Average Tenure

47yo

Average Age

Experienced Board: JKS's board of directors are considered experienced (8.5 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 5.6%.


Top Shareholders

Company Information

JinkoSolar Holding Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JinkoSolar Holding Co., Ltd.
  • Ticker: JKS
  • Exchange: NYSE
  • Founded: 2006
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$2.713b
  • Shares outstanding: 46.79m
  • Website: https://www.jinkosolar.com

Number of Employees


Location

  • JinkoSolar Holding Co., Ltd.
  • 1 Jingke Road
  • Shangrao Economic Development Zone
  • Shangrao
  • Jiangxi Province
  • 334100
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JKSNYSE (New York Stock Exchange)YesADS EACH REPR 4 SHSUSUSDMay 2010
ZJS1DB (Deutsche Boerse AG)YesADS EACH REPR 4 SHSDEEURMay 2010
JKS NBMV (Bolsa Mexicana de Valores)YesADS EACH REPR 4 SHSMXMXNMay 2010
JKSSWX (SIX Swiss Exchange)YesADS EACH REPR 4 SHSCHCHFMay 2010
0JOXLSE (London Stock Exchange)YesADS EACH REPR 4 SHSGBUSDMay 2010
JKSWBAG (Wiener Boerse AG)YesADS EACH REPR 4 SHSATEURMay 2010

Biography

JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 23:40
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.