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JKS

JinkoSolar HoldingNYSE:JKS Stock Report

Market Cap

US$2.1b

7D

0.8%

1Y

16.6%

Updated

27 Sep, 2021

Data

Company Financials +
JKS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

JKS Overview

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

JinkoSolar Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JinkoSolar Holding
Historical stock prices
Current Share PriceUS$44.04
52 Week HighUS$28.39
52 Week LowUS$90.20
Beta0.97
1 Month Change-0.92%
3 Month Change-23.49%
1 Year Change16.60%
3 Year Change312.75%
5 Year Change176.46%
Change since IPO300.00%

Recent News & Updates

Shareholder Returns

JKSUS SemiconductorUS Market
7D0.8%3.4%2.0%
1Y16.6%49.5%32.8%

Return vs Industry: JKS underperformed the US Semiconductor industry which returned 49.5% over the past year.

Return vs Market: JKS underperformed the US Market which returned 32.8% over the past year.

Price Volatility

Is JKS's price volatile compared to industry and market?
JKS volatility
JKS Beta0.97
Industry Beta1.23
Market Beta1

Stable Share Price: JKS is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: JKS's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
200624,361Xiande Lihttps://www.jinkosolar.com

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 cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; and develops commercial solar power projects.

JinkoSolar Holding Fundamentals Summary

How do JinkoSolar Holding's earnings and revenue compare to its market cap?
JKS fundamental statistics
Market CapCN¥13.56b
Earnings (TTM)-CN¥82.77m
Revenue (TTM)CN¥34.06b

0.4x

P/S Ratio

-163.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JKS income statement (TTM)
RevenueCN¥34.06b
Cost of RevenueCN¥28.34b
Gross ProfitCN¥5.72b
ExpensesCN¥5.80b
Earnings-CN¥82.77m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.74
Gross Margin16.79%
Net Profit Margin-0.24%
Debt/Equity Ratio206.4%

How did JKS perform over the long term?

See historical performance and comparison

Valuation

Is JinkoSolar Holding 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: JKS ($44.04) is trading below our estimate of fair value ($110.36)

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


Price To Earnings Ratio

PE vs Industry: JKS is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.

PE vs Market: JKS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JKS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JKS is good value based on its PB Ratio (1.3x) compared to the US Semiconductor industry average (4.6x).


Future Growth

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

45.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JKS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: JKS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JKS's is expected to become profitable in the next 3 years.

Revenue vs Market: JKS's revenue (18.9% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: JKS's revenue (18.9% 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 (10.6%).


Past Performance

How has JinkoSolar Holding performed over the past 5 years?

-10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JKS is currently unprofitable.

Growing Profit Margin: JKS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JKS is unprofitable, and losses have increased over the past 5 years at a rate of 10.9% per year.

Accelerating Growth: Unable to compare JKS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JKS is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.6%).


Return on Equity

High ROE: JKS has a negative Return on Equity (0.94%), as it is currently unprofitable.


Financial Health

How is JinkoSolar Holding's financial position?


Financial Position Analysis

Short Term Liabilities: JKS's short term assets (CN¥34.5B) exceed its short term liabilities (CN¥31.9B).

Long Term Liabilities: JKS's short term assets (CN¥34.5B) exceed its long term liabilities (CN¥11.7B).


Debt to Equity History and Analysis

Debt Level: JKS's debt to equity ratio (206.4%) is considered high.

Reducing Debt: JKS's debt to equity ratio has reduced from 223.3% to 206.4% over the past 5 years.

Debt Coverage: JKS's debt is not well covered by operating cash flow (2.1%).

Interest Coverage: JKS's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


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?

9.2yrs

Average board tenure


CEO

Xiande Li (45 yo)

0.75

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

Experienced Board: JKS's board of directors are considered experienced (9.2 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 7.2%.


Top Shareholders

Company Information

JinkoSolar Holding Co., Ltd.'s 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$2.100b
  • Shares outstanding: 47.69m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:04
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.