Canadian Solar Inc. Logo

Canadian Solar Inc.

CSIQ

(3.0)
Stock Price

14,34 USD

3.1% ROA

11.49% ROE

4.3x PER

Market Cap.

1.486.621.100,00 USD

181.83% DER

0% Yield

3.6% NPM

Canadian Solar Inc. Stock Analysis

Canadian Solar Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Canadian Solar Inc. Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (19.95%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 PBV

With a remarkably low PBV ratio (0.54x), the stock offers substantial upside potential at a bargain price.

3 Revenue Growth

With continuous growth in revenue over the last five years, this company has proven to be a lucrative investment option, showcasing its strong financial performance.

4 Assets Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

5 ROA

The stock's ROA (3.67%) indicates that it's doing well in making money from the things it owns. This makes it a good option to invest and make consistent profits.

6 Net Profit Growth

Over the last three years, this company has consistently achieved net profit growth, indicating a favorable financial performance and making it an attractive investment option.

7 Graham Number

The Graham number analysis indicates that this company's stock price is likely undervalued, raising prospects for a favorable investment opportunity.

8 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (666), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

9 DER

The stock is burdened with a heavy load of debt (201%), making it financially unstable and potentially risky for investors.

10 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

11 Dividend

The company's decision to withhold dividends for three years raises questions about its ability to generate consistent returns.

Canadian Solar Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Canadian Solar Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Sell
4 Stoch RSI Sell

Canadian Solar Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Canadian Solar Inc. Revenue
Year Revenue Growth
2002 4.042.000
2003 4.113.175 1.73%
2004 9.684.820 57.53%
2005 18.323.800 47.15%
2006 68.212.256 73.14%
2007 302.797.671 77.47%
2008 705.006.356 57.05%
2009 663.763.000 -6.21%
2010 1.495.509.000 55.62%
2011 1.898.923.000 21.24%
2012 1.294.829.000 -46.65%
2013 1.654.356.000 21.73%
2014 2.960.627.000 44.12%
2015 3.467.626.000 14.62%
2016 2.853.078.000 -21.54%
2017 3.390.393.000 15.85%
2018 3.744.512.000 9.46%
2019 3.200.583.000 -16.99%
2020 3.476.495.000 7.94%
2021 5.277.169.000 34.12%
2022 7.468.610.000 29.34%
2023 7.385.140.000 -1.13%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Canadian Solar Inc. Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 19.780 100%
2004 40.623 51.31%
2005 16.381 -147.99%
2006 397.859 95.88%
2007 997.832 60.13%
2008 1.824.753 45.32%
2009 3.175.000 42.53%
2010 6.843.000 53.6%
2011 19.839.000 65.51%
2012 12.998.000 -52.63%
2013 11.685.000 -11.24%
2014 12.057.000 3.09%
2015 17.056.000 29.31%
2016 17.407.000 2.02%
2017 28.777.000 39.51%
2018 44.193.000 34.88%
2019 47.045.000 6.06%
2020 45.167.000 -4.16%
2021 58.407.000 22.67%
2022 69.822.000 16.35%
2023 115.588.000 39.59%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Canadian Solar Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 324.000
2003 0 0%
2004 0 0%
2005 0 0%
2006 5.903.722.000 100%
2007 7.923.000 -74413.72%
2008 34.510.263 77.04%
2009 30.155.000 -14.44%
2010 54.520.000 44.69%
2011 86.268.000 36.8%
2012 128.826.000 33.04%
2013 44.768.000 -187.76%
2014 76.826.000 41.73%
2015 162.633.000 52.76%
2016 203.789.000 20.2%
2017 230.998.000 11.78%
2018 245.376.000 5.86%
2019 242.783.000 -1.07%
2020 225.597.000 -7.62%
2021 308.942.000 26.98%
2022 342.129.000 9.7%
2023 456.132.000 24.99%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Canadian Solar Inc. EBITDA
Year EBITDA Growth
2002 924.000
2003 671.369 -37.63%
2004 1.914.874 64.94%
2005 6.051.894 68.36%
2006 10.301.385 41.25%
2007 -217.606.010 104.73%
2008 36.878.391 690.06%
2009 49.592.000 25.64%
2010 124.383.000 60.13%
2011 15.238.000 -716.27%
2012 -129.156.000 111.8%
2013 143.217.000 190.18%
2014 382.300.000 62.54%
2015 264.591.000 -44.49%
2016 103.400.000 -155.89%
2017 279.822.000 63.05%
2018 375.864.000 25.55%
2019 270.918.000 -38.74%
2020 229.736.000 -17.93%
2021 201.432.000 -14.05%
2022 396.676.000 49.22%
2023 406.372.000 2.39%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Canadian Solar Inc. Gross Profit
Year Gross Profit Growth
2002 1.414.000
2003 1.740.861 18.78%
2004 3.219.629 45.93%
2005 7.112.922 54.74%
2006 12.340.297 42.36%
2007 23.775.516 48.1%
2008 71.007.736 66.52%
2009 98.177.000 27.67%
2010 228.772.000 57.09%
2011 182.284.000 -25.5%
2012 90.361.000 -101.73%
2013 275.695.000 67.22%
2014 580.994.000 52.55%
2015 576.770.000 -0.73%
2016 417.188.000 -38.25%
2017 637.598.000 34.57%
2018 775.082.000 17.74%
2019 718.497.000 -7.88%
2020 689.914.000 -4.14%
2021 909.312.000 24.13%
2022 1.263.136.000 28.01%
2023 1.232.016.000 -2.53%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Canadian Solar Inc. Net Profit
Year Net Profit Growth
2002 625.000
2003 761.245 17.9%
2004 1.456.666 47.74%
2005 3.803.953 61.71%
2006 -9.429.864 140.34%
2007 -209.676 -4397.35%
2008 -9.388.246 97.77%
2009 53.113.000 117.68%
2010 50.569.000 -5.03%
2011 -90.806.000 155.69%
2012 -195.469.000 53.54%
2013 31.658.000 717.44%
2014 239.502.000 86.78%
2015 171.861.000 -39.36%
2016 65.249.000 -163.39%
2017 99.572.000 34.47%
2018 237.070.000 58%
2019 171.585.000 -38.16%
2020 146.703.000 -16.96%
2021 95.248.000 -54.02%
2022 239.968.000 60.31%
2023 87.564.000 -174.05%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Canadian Solar Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 -1 0%
2007 0 0%
2008 0 0%
2009 1 0%
2010 1 100%
2011 -2 150%
2012 -5 50%
2013 1 0%
2014 4 100%
2015 3 -33.33%
2016 1 -200%
2017 2 0%
2018 4 75%
2019 3 -100%
2020 2 0%
2021 2 -100%
2022 4 66.67%
2023 1 -200%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Canadian Solar Inc. Free Cashflow
Year Free Cashflow Growth
2003 1.668.519
2004 185.980 -797.15%
2005 -5.231.141 103.56%
2006 -53.390.086 90.2%
2007 -122.230.604 56.32%
2008 -101.624.312 -20.28%
2009 -21.299.170 -377.13%
2010 -192.801.910 88.95%
2011 -145.295.075 -32.7%
2012 -208.239.958 30.23%
2013 206.417.075 200.88%
2014 199.964.969 -3.23%
2015 -229.110.000 187.28%
2016 -1.389.561.000 83.51%
2017 -106.755.000 -1201.64%
2018 -100.002.000 -6.75%
2019 308.929.000 132.37%
2020 -455.482.000 167.82%
2021 -837.754.000 45.63%
2022 288.634.000 390.25%
2023 -226.918.000 227.2%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Canadian Solar Inc. Operating Cashflow
Year Operating Cashflow Growth
2003 1.752.431
2004 439.550 -298.69%
2005 -4.670.348 109.41%
2006 -46.276.174 89.91%
2007 -80.223.988 42.32%
2008 3.192.698 2612.73%
2009 50.915.490 93.73%
2010 -58.487.119 187.05%
2011 60.124.114 197.28%
2012 -147.758.937 140.69%
2013 229.548.624 164.37%
2014 265.105.593 13.41%
2015 413.658.000 35.91%
2016 -278.073.000 248.76%
2017 203.920.000 236.36%
2018 216.280.000 5.71%
2019 600.111.000 63.96%
2020 -120.541.000 597.85%
2021 -408.254.000 70.47%
2022 916.631.000 144.54%
2023 157.887.000 -480.56%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Canadian Solar Inc. Capital Expenditure
Year Capital Expenditure Growth
2003 83.912
2004 253.570 66.91%
2005 560.793 54.78%
2006 7.113.912 92.12%
2007 42.006.616 83.06%
2008 104.817.010 59.92%
2009 72.214.660 -45.15%
2010 134.314.791 46.23%
2011 205.419.189 34.61%
2012 60.481.021 -239.64%
2013 23.131.549 -161.47%
2014 65.140.624 64.49%
2015 642.768.000 89.87%
2016 1.111.488.000 42.17%
2017 310.675.000 -257.77%
2018 316.282.000 1.77%
2019 291.182.000 -8.62%
2020 334.941.000 13.06%
2021 429.500.000 22.02%
2022 627.997.000 31.61%
2023 384.805.000 -63.2%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Canadian Solar Inc. Equity
Year Equity Growth
2002 779.000
2003 1.512.425 48.49%
2004 2.961.386 48.93%
2005 6.967.080 57.49%
2006 112.903.855 93.83%
2007 126.265.873 10.58%
2008 332.161.447 61.99%
2009 496.184.000 33.06%
2010 534.327.000 7.14%
2011 465.933.000 -14.68%
2012 290.899.000 -60.17%
2013 390.528.000 25.51%
2014 716.611.000 45.5%
2015 818.968.000 12.5%
2016 884.681.000 7.43%
2017 1.032.226.000 14.29%
2018 1.272.845.000 18.9%
2019 1.425.058.000 10.68%
2020 1.892.785.000 24.71%
2021 2.126.438.000 10.99%
2022 2.306.694.000 7.81%
2023 3.621.416.000 36.3%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Canadian Solar Inc. Assets
Year Assets Growth
2002 2.476.000
2003 3.053.477 18.91%
2004 6.144.992 50.31%
2005 27.430.017 77.6%
2006 129.633.757 78.84%
2007 284.502.529 54.43%
2008 570.731.399 50.15%
2009 1.056.657.000 45.99%
2010 1.423.367.000 25.76%
2011 1.879.808.000 24.28%
2012 2.259.313.000 16.8%
2013 2.453.735.000 7.92%
2014 3.072.424.000 20.14%
2015 4.417.254.000 30.44%
2016 5.406.606.000 18.3%
2017 5.889.627.000 8.2%
2018 4.892.658.000 -20.38%
2019 5.467.207.000 10.51%
2020 6.536.854.000 16.36%
2021 7.388.342.000 11.52%
2022 9.037.128.000 18.24%
2023 11.400.230.000 20.73%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Canadian Solar Inc. Liabilities
Year Liabilities Growth
2002 1.697.000
2003 1.541.052 -10.12%
2004 3.183.606 51.59%
2005 20.462.937 84.44%
2006 16.729.902 -22.31%
2007 158.236.656 89.43%
2008 238.569.952 33.67%
2009 560.188.000 57.41%
2010 888.382.000 36.94%
2011 1.412.831.000 37.12%
2012 1.957.730.000 27.83%
2013 2.052.238.000 4.61%
2014 2.342.850.000 12.4%
2015 3.584.744.000 34.64%
2016 4.507.216.000 20.47%
2017 4.829.852.000 6.68%
2018 3.619.813.000 -33.43%
2019 4.042.149.000 10.45%
2020 4.644.069.000 12.96%
2021 5.261.904.000 11.74%
2022 6.730.434.000 21.82%
2023 7.778.814.000 13.48%

Canadian Solar Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
119.42
Net Income per Share
5.35
Price to Earning Ratio
4.3x
Price To Sales Ratio
0.19x
POCF Ratio
1.67
PFCF Ratio
-8.04
Price to Book Ratio
0.61
EV to Sales
0.52
EV Over EBITDA
6.47
EV to Operating CashFlow
4.5
EV to FreeCashFlow
-22.17
Earnings Yield
0.23
FreeCashFlow Yield
-0.12
Market Cap
1,49 Bil.
Enterprise Value
4,10 Bil.
Graham Number
67.46
Graham NetNet
-63.12

Income Statement Metrics

Net Income per Share
5.35
Income Quality
1.98
ROE
0.16
Return On Assets
0.02
Return On Capital Employed
0.07
Net Income per EBT
0.67
EBT Per Ebit
0.94
Ebit per Revenue
0.06
Effective Tax Rate
0.15

Margins

Sales, General, & Administrative to Revenue
0.05
Research & Developement to Revenue
0.01
Stock Based Compensation to Revenue
-0
Gross Profit Margin
0.17
Operating Profit Margin
0.06
Pretax Profit Margin
0.05
Net Profit Margin
0.04

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
13.81
Free CashFlow per Share
-2.8
Capex to Operating CashFlow
-1.2
Capex to Revenue
-0.14
Capex to Depreciation
44.35
Return on Invested Capital
0.07
Return on Tangible Assets
0.03
Days Sales Outstanding
60.19
Days Payables Outstanding
51.85
Days of Inventory on Hand
80.83
Receivables Turnover
6.06
Payables Turnover
7.04
Inventory Turnover
4.52
Capex per Share
-16.61

Balance Sheet

Cash per Share
29,10
Book Value per Share
37,78
Tangible Book Value per Share
54.65
Shareholders Equity per Share
37.78
Interest Debt per Share
70.23
Debt to Equity
1.82
Debt to Assets
0.4
Net Debt to EBITDA
4.12
Current Ratio
1.16
Tangible Asset Value
3,61 Bil.
Net Current Asset Value
-1,15 Bil.
Invested Capital
1.82
Working Capital
0,92 Bil.
Intangibles to Total Assets
0
Average Receivables
1,44 Bil.
Average Payables
0,84 Bil.
Average Inventory
1482260500
Debt to Market Cap
3.05

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Canadian Solar Inc. Dividends
Year Dividends Growth

Canadian Solar Inc. Profile

About Canadian Solar Inc.

Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories; and engineering, procurement, and construction (EPC) services. The Global Energy segment engages in the development, construction, maintenance, and sale of solar and battery storage projects; operation of solar power plants; and sale of electricity. This segment also provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar projects, as well as asset management services. As of January 31, 2021, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 445 MWp. The company serves distributors, system integrators, project developers, and installers/EPC companies. It sells its products primarily under its Canadian Solar brand name; and on an OEM basis. The company was incorporated in 2001 and is headquartered in Guelph, Canada.

CEO
Dr. Xiaohua Qu
Employee
18.423
Address
545 Speedvale Avenue West
Guelph, N1K 1E6

Canadian Solar Inc. Executives & BODs

Canadian Solar Inc. Executives & BODs
# Name Age
1 Dr. Xiaohua Qu
Chairman, President & Chief Executive Officer
70
2 Dr. Huifeng Chang
Senior Vice President, Chief Financial Officer & Director
70
3 Dr. Guoqiang Xing
Senior Vice President & Chief Technology Officer
70
4 Mr. Jeffrey Kalikow
Interim Chief Compliance Officer
70
5 Mr. Yan Zhuang
Director
70

Canadian Solar Inc. Competitors