Ticker
CSIQ

Price
40.55
Stock movement down
-0.08 (-0.20%)
Company name
Canadian Solar Inc
Exchange
(NASDAQ
,
Currency
USD
)
Sector
Technology >
Solar
Market cap
2.61B
Ent value
8.07B
Price/Sales
0.37
Price/Book
1.23
Div yield
-
Div growth
-
Growth years
-
FCF payout
-
Trailing P/E
13.86
Forward P/E
9.30
PEG
0.69
EPS growth
-7.10%
1 year return
57.35%
3 year return
23.25%
5 year return
21.35%
10 year return
24.31%
Last updated: 2023-02-06

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/E13.86
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 Sales0.37
Price to Book1.23
EV to Sales1.15

FINANCIALS

Per share

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Per share data
Current share count64.27M
EPS (TTM)2.63
FCF per share (TTM)-

Income statement

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Income statement data
Revenue (TTM)7.03B
Gross profit (TTM)1.22B
Operating income (TTM)287.72M
Net income (TTM)188.10M
EPS (TTM)2.63
EPS (1y forward)4.36

Margins

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Margins data
Gross margin (TTM)17.30%
Operating margin (TTM)4.10%
Profit margin (TTM)2.68%

Balance Sheet

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Balance Sheet data
Cash1.08B
Net receivables1.19B
Total current assets5.75B
Goodwill0.00
Intangible assets79.66M
Property, plant and equipment0.00
Total assets8.66B
Accounts payable914.63M
Short/Current long term debt3.98B
Total current liabilities4.93B
Total liabilities6.54B
Shareholder's equity2.12B
Net tangible assets1.71B

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 Equity8.89%
Return on Assets2.17%
Return on Invested Capital3.09%
Cash Return on Invested Capital-

STOCK INFORMATION

Stock chart

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Stock price data
Open40.28
Daily high40.80
Daily low39.55
Daily Volume785K
All-time high64.15
1y analyst estimate41.67
Beta1.36
EPS (TTM)2.63
Dividend per share-
Ex-div date-
Next earnings date22 Mar 2023

Downside potential

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Downside potential data
CSIQS&P500
Current price drop from All-time high-36.79%-14.21%
Highest price drop-96.02%-56.47%
Date of highest drop15 Nov 20129 Mar 2009
Avg drop from high-59.47%-11.49%
Avg time to new high146 days13 days
Max time to new high3151 days1805 days
COMPANY DETAILS
CSIQ (Canadian Solar Inc) company logo
Marketcap
2.61B
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 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
Among the top stocks to buy and watch, Dow Jones leader Caterpillar is in a buy zone as it tries to find support at a key level.
February 6, 2023
In the latest trading session, Canadian Solar (CSIQ) closed at $41.90, marking a -0.31% move from the previous day.
February 2, 2023
CSIQ stock is nearing a buy point out of a cup-with-handle formation for the Canada-based manufacturer of solar energy modules.
February 2, 2023
Halliburton and Camping World have been highlighted as Zacks Bull and Bear of the Day.
February 1, 2023
In this article, we will take a look at the 10 most undervalued solar stocks to buy according to hedge funds. To see more such companies, go directly to 5 Most Undervalued Solar Stocks to Buy Accordin...
January 31, 2023
CSIQ's unit, CSI Solar, inks an investment deal with the municipal government of Yangzhou City for adding manufacturing capacity to its clean energy manufacturing industrial park.
January 31, 2023
Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced it has signed an agreement to sell 30% of the preferred units of the Company's first Italian alternative investme...
January 31, 2023
Jan 30, 2022 -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that a wholly-owned subsidiary of its majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar")...
January 30, 2023
Canadian Solar (CSIQ) closed at $42.68 in the latest trading session, marking a +1.89% move from the prior day.
January 23, 2023
Canadian Solar had its Relative Strength (RS) Rating upgraded from 84 to 92 Tuesday. It also saw a big move up on its Composite Rating today. When looking for the best stocks to buy and watch, one fac...
January 10, 2023
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