NYSE:JKS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Undervalued with questionable track record.


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


Market Performance


7 Day Return

4.8%

NYSE:JKS

-0.8%

US Semiconductor

-0.02%

US Market


1 Year Return

60.7%

NYSE:JKS

10.2%

US Semiconductor

1.6%

US Market

JKS outperformed the Semiconductor industry which returned 11.3% over the past year.

JKS outperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

JKSIndustryMarket
7 Day4.8%-0.8%-0.02%
30 Day3.6%5.8%2.7%
90 Day-10.2%12.0%1.4%
1 Year60.7%60.7%12.3%10.2%3.8%1.6%
3 Year39.7%39.7%82.2%71.6%45.2%35.8%
5 Year-32.8%-32.8%122.9%100.2%61.8%44.1%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

JinkoSolar Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).

JinkoSolar Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

JinkoSolar Holding is good value based on earnings compared to the US Semiconductor industry average.

JinkoSolar Holding is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

JinkoSolar Holding earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

JinkoSolar Holding is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is JinkoSolar Holding expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

-1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

JinkoSolar Holding's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

JinkoSolar Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

JinkoSolar Holding's revenue growth is positive but not above the United States of America market average.

JinkoSolar Holding's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

JinkoSolar Holding'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

JinkoSolar Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has JinkoSolar Holding performed over the past 5 years?

-16.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

JinkoSolar Holding's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

JinkoSolar Holding's 1-year earnings growth exceeds its 5-year average (244.4% vs -16.4%)

JinkoSolar Holding's earnings growth has exceeded the US Semiconductor industry average in the past year (244.4% vs -6.2%).


Return on Equity

JinkoSolar Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

JinkoSolar Holding used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

JinkoSolar Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is JinkoSolar Holding's financial position?


Financial Position Analysis

JinkoSolar Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

JinkoSolar Holding's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

JinkoSolar Holding's level of debt (208.2%) 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 (230.8% vs 208.2% today).

Debt is not well covered by operating cash flow (3%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate JinkoSolar Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate JinkoSolar Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as JinkoSolar Holding has not reported any payouts.

Unable to verify if JinkoSolar Holding's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as JinkoSolar Holding has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of JinkoSolar Holding'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 JinkoSolar Holding's salary, the management and board of directors tenure and is there insider trading?

0.6yrs

Average management tenure


CEO

Kangping Chen (46yo)

0yrs

Tenure

0

Mr. Chen Kangping is a Co-Founder of JinkoSolar Holding Co. Ltd. and serves as its Chief Executive Officer and Director. Prior to founding Jinko, Mr. Kangping served as the Chief Financial Officer of Zheji ...


Management Age and Tenure

0.6yrs

Average Tenure

45yo

Average Age

The average tenure for the JinkoSolar Holding management team is less than 2 years, this suggests a new team.


Board Age and Tenure

7.7yrs

Average Tenure

54yo

Average Age

The tenure for the JinkoSolar Holding board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kangping Chen (46yo)

    Co-Founder

    • Tenure: 0yrs
  • Xiande Li (43yo)

    Co-Founder & Chairman of the Board

    • Tenure: 0yrs
  • Xianhua Li (45yo)

    Co-Founder

    • Tenure: 0yrs
  • Zhiqun Xu (52yo)

    Chief Operating Officer

    • Tenure: 0.5yrs
  • Charlie Cao (42yo)

    Chief Financial Officer

    • Tenure: 5yrs
  • Gener Miao

    Chief Marketing Officer

    • Tenure: 0.6yrs
  • Sebastian Liu

    Director of IR

    • Tenure: 0yrs
  • Ripple Zhang

    IR Manager

    • Tenure: 0yrs

Board Members

  • Steven Markscheid (65yo)

    Independent Director

    • Tenure: 10yrs
  • Longgen Zhang (54yo)

    Director

    • Tenure: 5.3yrs
  • Kangping Chen (46yo)

    Co-Founder

    • Tenure: 0yrs
  • Xiande Li (43yo)

    Co-Founder & Chairman of the Board

    • Tenure: 0yrs
  • Wing Siew (68yo)

    Independent Director

    • Tenure: 11.3yrs
  • Xianhua Li (45yo)

    Co-Founder

    • Tenure: 0yrs
  • Yingqiu Liu (69yo)

    Independent Director

    • Tenure: 4.4yrs

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$894.785m
  • Shares outstanding: 44.01m
  • 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 ORD SHSUSUSDMay 2010
ZJS1DB (Deutsche Boerse AG)YesADS EACH REPR 4 ORD SHSDEEURMay 2010
JKS NBMV (Bolsa Mexicana de Valores)YesADS EACH REPR 4 ORD SHSMXMXNMay 2010
JKSSWX (SIX Swiss Exchange)YesADS EACH REPR 4 ORD SHSCHCHFMay 2010
0JOXLSE (London Stock Exchange)YesADS EACH REPR 4 ORD SHSGBUSDMay 2010
JKSWBAG (Wiener Boerse AG)YesADS EACH REPR 4 ORD 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 Analysis2019/09/18 00:10
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.