JinkoSolar Holding Co., Ltd.

NYSE:JKS Stock Report

Market Cap: US$1.1b

JinkoSolar Holding Valuation

Is JKS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JKS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JKS ($22.41) is trading below our estimate of fair value ($273.81)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JKS?

Key metric: As JKS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JKS. This is calculated by dividing JKS's market cap by their current earnings.
What is JKS's PE Ratio?
PE Ratio15.4x
EarningsCN¥560.59m
Market CapCN¥8.02b

Price to Earnings Ratio vs Peers

How does JKS's PE Ratio compare to its peers?

The above table shows the PE ratio for JKS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
CSIQ Canadian Solar
21.3x78.1%US$731.8m
SIMO Silicon Motion Technology
20.1x27.5%US$1.8b
HIMX Himax Technologies
11.6x24.3%US$913.8m
NVEC NVE
22.7xn/aUS$364.5m
JKS JinkoSolar Holding
15.4x68.4%US$1.1b

Price-To-Earnings vs Peers: JKS is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (18.9x).

Price to Earnings Ratio vs Industry

How does JKS's PE Ratio compare vs other companies in the US Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TOYO TOYO
4.5xn/aUS$148.87m
SQNS Sequans Communications
1.6x-156.5%US$67.23m
No more companies available in this PE range
JKS 15.4xIndustry Avg. 30.3xNo. of Companies9PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JKS is good value based on its Price-To-Earnings Ratio (15.4x) compared to the US Semiconductor industry average (30.3x).

Price to Earnings Ratio vs Fair Ratio

What is JKS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JKS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio57.2x

Price-To-Earnings vs Fair Ratio: JKS is good value based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (57.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JKS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.41
US$30.97
+38.2%
49.2%US$66.10US$20.00n/a7
Nov ’25US$27.37
US$31.54
+15.2%
47.7%US$66.10US$20.00n/a7
Oct ’25US$25.53
US$29.26
+14.6%
55.1%US$66.10US$18.00n/a7
Sep ’25US$19.14
US$30.40
+58.8%
51.0%US$66.10US$20.00n/a7
Aug ’25US$19.99
US$31.94
+59.8%
47.9%US$66.10US$20.00n/a7
Jul ’25US$20.57
US$33.94
+65.0%
41.4%US$66.10US$23.00n/a7
Jun ’25US$29.74
US$37.51
+26.1%
38.7%US$66.10US$23.00n/a7
May ’25US$25.12
US$35.20
+40.1%
42.3%US$66.10US$23.00n/a7
Apr ’25US$25.20
US$35.48
+40.8%
41.2%US$66.10US$25.00n/a7
Mar ’25US$27.27
US$44.69
+63.9%
40.0%US$77.00US$25.00n/a8
Feb ’25US$27.02
US$51.28
+89.8%
35.2%US$77.00US$30.00n/a8
Jan ’25US$36.94
US$54.78
+48.3%
32.4%US$77.00US$30.00n/a7
Dec ’24US$33.28
US$54.78
+64.6%
32.4%US$77.00US$30.00n/a7
Nov ’24US$30.66
US$54.78
+78.7%
32.4%US$77.00US$30.00US$27.377
Oct ’24US$30.37
US$55.75
+83.6%
28.5%US$77.00US$27.00US$25.537
Sep ’24US$34.44
US$56.61
+64.4%
25.4%US$77.00US$33.00US$19.147
Aug ’24US$41.05
US$65.57
+59.7%
18.7%US$78.00US$38.00US$19.998
Jul ’24US$44.38
US$65.57
+47.7%
18.7%US$78.00US$38.00US$20.578
Jun ’24US$42.09
US$65.57
+55.8%
18.7%US$78.00US$38.00US$29.748
May ’24US$49.61
US$67.50
+36.1%
20.9%US$86.89US$38.00US$25.128
Apr ’24US$51.02
US$67.12
+31.6%
21.5%US$86.89US$38.00US$25.208
Mar ’24US$56.44
US$67.25
+19.2%
20.1%US$86.89US$41.00US$27.278
Feb ’24US$57.17
US$68.19
+19.3%
22.1%US$94.42US$41.00US$27.028
Jan ’24US$40.88
US$64.94
+58.9%
25.5%US$94.42US$38.00US$36.948
Dec ’23US$49.53
US$64.94
+31.1%
25.5%US$94.42US$38.00US$33.288
Nov ’23US$48.06
US$64.94
+35.1%
25.5%US$94.42US$38.00US$30.668

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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