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

CSIQ

34.31
-2.66 (-7.20%)
Canadian Solar Inc (NASDAQ, USD)
Technology >
Solar
Market cap
2.06B
Ent value
6.04B
Price/Sales
0.59
Price/Book
1.10
Div yield
-
Div growth
-
Growth years
-
FCF payout
-
Trailing P/E
14.03
Forward P/E
10.00
PEG
0.70
EPS growth
-7.10%
1 year return
17.18%
3 year return
32.11%
5 year return
23.69%
10 year return
21.05%
Last updated: 2021-09-20

STOCK INFORMATION

Stock chart

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Stock price data
Open35.66
Daily high35.79
Daily low33.96
Daily Volume1.18M
All-time high64.15
1y analyst estimate49.43
Beta1.42
EPS (TTM)2.43
Dividend per share-
Ex-div date-
Next earnings date11 Nov 2021

Downside potential

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Downside potential data
CSIQS&P500
Current price drop from All-time high-46.52%-4.23%
Highest price drop-96.02%-56.47%
Date of highest drop15 Nov 20129 Mar 2009
Avg drop from high-60.65%-11.47%
Avg time to new high134 days12 days
Max time to new high3151 days1805 days

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

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

Targeted Cumulative Projects Retained (MWp)

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Project retention comments

Total battery storage deployments (MWh)

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Storage comments

The company reports storage deployments separately for its CSI Solar and Global Energy segments. We summarized the two so the total company deployments are visible on this chart

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/E14.03
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 Sales0.59
Price to Book1.10
EV to Sales1.74

FINANCIALS

Per share

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Per share data
Current share count60.00M
EPS (TTM)2.43
FCF per share (TTM)-

Income statement

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Income statement data
Revenue (TTM)3.48B
Gross profit (TTM)689.91M
Operating income (TTM)220.43M
Net income (TTM)146.70M
EPS (TTM)2.43
EPS (1y forward)3.43

Margins

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Margins data
Gross margin (TTM)19.85%
Operating margin (TTM)6.34%
Profit margin (TTM)4.22%

Balance Sheet

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Balance Sheet data
Cash981.23M
Net receivables590.06M
Total current assets4.41B
Goodwill0.00
Intangible assets82.21M
Property, plant and equipment0.00
Total assets6.84B
Accounts payable1.40B
Short/Current long term debt0.00
Total current liabilities3.87B
Total liabilities4.96B
Shareholder's equity1.87B
Net tangible assets1.49B

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 Equity7.75%
Return on Assets2.24%
Return on Invested Capital5.73%
Cash Return on Invested Capital-
COMPANY DETAILS
CSIQ (Canadian Solar Inc) company logo
Marketcap
2.06B
Marketcap category
Mid-cap
Description
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
Employees
12774
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
September 21, 2021
In this article, we will take a look at the 11 best alternative energy stocks to buy right now. You can skip our detailed analysis of these stocks, and go directly to the 5 Best Alternative Energy Sto...
September 16, 2021
JinkoSolar Holding (JKS) reports second-quarter 2021 earnings per American Depositary Share (ADS) of 89 cents, which compares favorably with the Zacks Consensus Estimate for loss of 23 cents.
September 14, 2021
Canadian Solar (CSIQ) subsidiary CSI Solar wins a contract to provide the fully-integrated battery storage system, EPC and long-term operation services to the Crimson project in California.
September 9, 2021
Canadian Solar's (CSIQ) subsidiary, Recurrent Energy, sold its 80% stake in the Crimson storage project to Axium Infrastructure. The solar plant has a generation capacity of 1.4 GWh.
September 9, 2021
Canadian Solar Inc. ("Canadian Solar" or "the Company") (NASDAQ: CSIQ) today announced that its majority-owned subsidiary, CSI Solar Co., Ltd. ("CSI Solar") has closed a 350 MW / 1400 MWh contract to ...
September 8, 2021
Canadian Solar (CSIQ) signs long-term Operations & Maintenance (O&M) contracts with California's Slate and Mustang solar projects.
September 8, 2021
Canadian Solar Inc. ("Canadian Solar" or "the Company") (NASDAQ: CSIQ) today announced that its wholly-owned subsidiary, Recurrent Energy, LLC ("Recurrent Energy"), sold an 80% stake in its 350 MW / 1...
September 7, 2021
Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has signed long-term Operations & Maintenance (O&M) agreements with two solar PV plus battery storage pr...
September 1, 2021
Azure Power Global's (AZRE) fiscal Q1 revenues of $59.7 million surpass the Zacks Consensus Estimate by 3.1% and increase 13% year over year
August 31, 2021
ReneSola's (SOL) Q2 revenues of $18.5 million miss the Zacks Consensus Estimate by 10.2% and decrease 29.2% year over year.
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