Ticker
CSIQ

Price
11.06
Stock movement down
-0.09 (-0.81%)
Company name
Canadian Solar Inc
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Technology >
Solar
Market cap
731.89M
Ent value
5.98B
Price/Sales
0.10
Price/Book
0.20
Div yield
-
Div growth
-
Growth years
-
FCF payout
-
Trailing P/E
3.61
Forward P/E
2.48
PEG
0.18
EPS growth
-0.04%
1 year return
-45.92%
3 year return
-34.86%
5 year return
-5.85%
10 year return
-8.10%
Last updated: 2024-11-19

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

iO Charts is a Seeking Alpha partner

Canadian Solar's recent rally triggered a relatively expensive valuation vs. recent levels. Click here to read why CSIQ stock is a Hold.
October 9, 2024

iO Charts is a Seeking Alpha partner

DIVIDENDS

CSIQ does not pay dividends or no data was received
Canadian Solar manufactures solar panels and energy storage solutions, with significant production in China. See why I rate CSIQ stock as a hold.
September 10, 2024

iO Charts is a Seeking Alpha partner

iO Charts is a Seeking Alpha partner

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E3.61
Price to OCF2.11
Price to FCF-
Price to EBITDA1.19
EV to EBITDA9.77

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales0.10
Price to Book0.20
EV to Sales0.83

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FINANCIALS

Per share

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Per share data
Current share count66.17M
EPS (TTM)3.07
FCF per share (TTM)-19.32

Income statement

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Income statement data
Revenue (TTM)7.24B
Gross profit (TTM)1.21B
Operating income (TTM)322.33M
Net income (TTM)202.83M
EPS (TTM)3.07
EPS (1y forward)4.46

Margins

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Margins data
Gross margin (TTM)16.77%
Operating margin (TTM)4.45%
Profit margin (TTM)2.80%

Balance Sheet

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Balance Sheet data
Cash2.94B
Net receivables1.21B
Total current assets5.81B
Goodwill0.00
Intangible assets19.73M
Property, plant and equipment4.45B
Total assets11.90B
Accounts payable813.68M
Short/Current long term debt4.48B
Total current liabilities5.86B
Total liabilities8.19B
Shareholder's equity3.71B
Net tangible assets0.00

Cash flow

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Cash flow data
Operating cash flow (TTM)347.04M
Capital expenditures (TTM)1.62B
Free cash flow (TTM)-1.28B
Dividends paid (TTM)0.00

Financial returns

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Financial returns data
Return on Equity5.47%
Return on Assets1.71%
Return on Invested Capital2.42%
Cash Return on Invested Capital-15.23%

STOCK INFORMATION

Stock chart

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Stock price data
Open11.07
Daily high11.23
Daily low10.91
Daily Volume1.51M
All-time high64.15
1y analyst estimate25.06
Beta1.34
EPS (TTM)3.07
Dividend per share-
Ex-div date-
Next earnings date-

Downside potential

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Downside potential data
CSIQS&P500
Current price drop from All-time high-82.76%-1.41%
Highest price drop-96.02%-56.47%
Date of highest drop15 Nov 20129 Mar 2009
Avg drop from high-59.68%-11.16%
Avg time to new high162 days12 days
Max time to new high3151 days1805 days

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COMPANY DETAILS
CSIQ (Canadian Solar Inc) company logo
Marketcap
731.89M
Marketcap category
Small-cap
Description
Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products. It offers standard solar modules and battery storage solutions; solar system kits, such as inverters, racking systems, and other accessories; power electronic products; and engineering, procurement, and construction (EPC) services, as well as operates battery energy storage projects. The Recurrent Energy segment engages in the development, construction, maintenance, and sale of solar power and battery storage projects; and operation of solar power plants; and sale of electricity. This segment 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. It has a fleet of solar and battery energy storage plants in operation with an aggregate capacity of approximately 1,005 MWp and 600 MWh. It serves distributors, system integrators, project developers, and installers/EPC companies, as well as utility companies or grid operators, public utilities, licensed suppliers, corporate offtakers, and commercial, industrial or government end users. It sells its products primarily under its Canadian Solar brand name. Canadian Solar Inc. was incorporated in 2001 and is based in Guelph, Canada.
Employees
22234
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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