Canadian Solar Inc stock page - price, fundamentals, dividends - iOCharts

Ticker
CSIQ

Price
30.17
Stock movement down
-0.95 (-3.05%)
Company name
Canadian Solar Inc
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Technology >
Solar
Market cap
1.94B
Ent value
-
Price/Sales
0.46
Price/Book
-
Div yield
-
Div growth
-
Growth years
-
FCF payout
-
Trailing P/E
26.76
Forward P/E
9.25
PEG
1.34
EPS growth
-7.10%
1 year return
-29.97%
3 year return
10.90%
5 year return
13.64%
10 year return
24.22%
Last updated: 2022-07-05

BUSINESS INSIGHT

Module shipments (MW)

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Manufacturing Capacity (GW)

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Capacity comments

In 2016 a flood severely damaged one of the factories, hence the cell manufacturing capacity fallback

Segment Revenues ($M)

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Segment comments

The MSS (Module and System Solutions) business was the division that manufactured the solar modules, system kits, etc.

The Energy business was involved in project development, operation and maintenance and the ownership of working solar power plants

From 20Q4 the company has a new reporting structure. CSI Solar and Global Energy

CSI Solar contains the previous MSS business plus the new "Battery energy storage solutions" plus all of China Energy, which was previously reported under the Energy segment

The Energy business became Global Energy excluding all of the Chinese operations

The company listed the CSI Solar business on the Chinese stock market and owns 80% of it, as of 2020 December 31st

Total revenues differ from the summary of the two segments because of intra-company transactions

Segment gross profit and operating income ($M)

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Comments

Data prior to 20Q3 is for the MSS (Module and System Solutions) and for the Energy business lines

Data from 20Q3 is for the CSI Solar and Global Energy business lines

The company did not report per segment operating income prior to 18Q4, so the annual results prior to 2019 are in fact missing and are not zero

Segment gross margins (%)

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Margins comments

Data prior to 20Q3 is for the MSS (Module and System Solutions) and for the Energy business lines

Data from 20Q3 is for the CSI Solar and Global Energy business lines

Targeted Cumulative Projects Retained (MWp)

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Targeted project sales and Operational O&M projects (GWp)

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Geographic Revenues ($M)

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Total debt ($M)

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Debt comments

Borrowings for solar projects covers debt issued to finance the buildout of solar power plants.This means that for this debt, the power plants can be used as collateral

Borrowing for corporate/manufacturing is for operating expenses and to finance capital expenditures. This type of debt is riskier as if there is a downturn in business operations, the company needs to use its cash and other resources to pay this off

DIVIDENDS

CSIQ does not pay dividends

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E26.76
Price to OCF-
Price to FCF-
Price to EBITDA-
EV to EBITDA-

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales0.46
Price to Book-
EV to Sales-

FINANCIALS

Per share

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Per share data
Current share count64.27M
EPS (TTM)-
FCF per share (TTM)-

Income statement

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Income statement data
Revenue (TTM)4.19B
Gross profit (TTM)714.71M
Operating income (TTM)146.90M
Net income (TTM)72.47M
EPS (TTM)-
EPS (1y forward)3.26

Margins

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Margins data
Gross margin (TTM)17.07%
Operating margin (TTM)3.51%
Profit margin (TTM)1.73%

Balance Sheet

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Balance Sheet data
Cash0.00
Net receivables965.35M
Total current assets5.69B
Goodwill0.00
Intangible assets0.00
Property, plant and equipment0.00
Total assets0.00
Accounts payable2.13B
Short/Current long term debt0.00
Total current liabilities4.76B
Total liabilities0.00
Shareholder's equity0.00
Net tangible assets1.73B

Cash flow

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Cash flow data
Operating cash flow (TTM)0.00
Capital expenditures (TTM)0.00
Free cash flow (TTM)0.00
Dividends paid (TTM)0.00

Financial returns

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Financial returns data
Return on Equity-
Return on Assets-
Return on Invested Capital-
Cash Return on Invested Capital-

STOCK INFORMATION

Stock chart

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Stock price data
Open30.44
Daily high30.52
Daily low28.05
Daily Volume864K
All-time high64.15
1y analyst estimate40.20
Beta1.45
EPS (TTM)-
Dividend per share-
Ex-div date-
Next earnings date10 Aug 2022

Downside potential

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Downside potential data
CSIQS&P500
Current price drop from All-time high-52.97%-20.05%
Highest price drop-96.02%-56.47%
Date of highest drop15 Nov 20129 Mar 2009
Avg drop from high-60.10%-11.36%
Avg time to new high141 days12 days
Max time to new high3151 days1805 days
COMPANY DETAILS
CSIQ (Canadian Solar Inc) company logo
Marketcap
1.94B
Marketcap category
Small-cap
Description
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.
Employees
13535
SEC filings
CEO
Xiaohua Qu
Country
USA
City
Guelph
Stock type
Common stock
CCC status
-
Dividend Frequency
-
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Canadian Solar (CSIQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
June 23, 2022
Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ), today announced that it held its Annual and Special Meeting of Shareholders on June 22, 2022. Each of the proposals submitted fo...
June 22, 2022
Canadian Solar's (CSIQ) subsidiary, Recurrent Energy, announces the acquisition of two standalone energy storage projects from Black Mountain Energy Storage in the ERCOT market.
June 21, 2022
Many renewable energy stocks are going to take a long time to develop into serious growth plays. With the market as bad as it is, it’s unlikely to find short-duration plays to invest in. In fact, I’d ...
June 17, 2022
Recurrent Energy, LLC ("Recurrent"), a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), today announced the acquisition of two standalone energy storage projects from ...
June 16, 2022
Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ), today announced it has secured 136 million Brazilian reais (approximately US$28 million) non-recourse project financing from Ban...
June 15, 2022
Canadian Solar Inc. (NASDAQ: CSIQ) and Canadian Solar (USA) Inc. (jointly "Canadian Solar") announced today that they have reached a settlement agreement with Solaria resolving their pending patent li...
June 8, 2022
While energy always has been a vital geopolitical issue, the current conflict has set any investors looking for the best solar stocks to buy. Tied to the broader renewable energy sector, the solar ind...
June 8, 2022
The solar energy industry has grown rapidly even as fossil fuels remain the dominant source of global energy use. While some large utilities and energy companies have solar and renewable energy divis...
June 7, 2022
Canadian Solar just met that criteria with a new score of 85. IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action ove...
June 7, 2022
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