Valuation First Solar, Inc.

Equities

Market Closed - Nasdaq Other stock markets 08:00:00 06/03/26 am AEDT			5-day change	1st Jan Change
191.80 ^USD	-2.77%		-4.15%	-26.58%

06/03	Evercore ISI Adjusts Price Target on First Solar to $212 From $241, Maintains In Line Rating	MT
03/03	Argus Adjusts Price Target on First Solar to $250 From $300, Maintains Buy Rating	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	9,267	15,968	18,407	18,868	28,032	20,582	-	-
Change	-	72.31%	15.27%	2.5%	48.57%	-26.58%	-	-
Enterprise Value (EV) ¹	7,681	13,575	16,865	17,685	25,675	17,754	15,777	11,983
Change	-	76.73%	24.24%	4.86%	45.18%	-30.85%	-11.14%	-24.05%
P/E ratio	19.9x	-365x	22.3x	14.7x	18.4x	10.4x	7.89x	6.63x
PBR	1.56x	2.74x	2.75x	2.37x	2.94x	1.8x	1.47x	1.2x
PEG	-	3x	-0x	0.3x	1x	0.4x	0.2x	0.3x
Capitalization / Revenue	3.17x	6.1x	5.55x	4.49x	5.37x	4.01x	3.31x	3.02x
EV / Revenue	2.63x	5.18x	5.08x	4.2x	4.92x	3.46x	2.54x	1.76x
EV / EBITDA	11x	56x	14x	9.73x	12.1x	6.92x	4.68x	3x
EV / EBIT	17.5x	-498x	18.9x	12.7x	16.1x	9.47x	5.61x	3.53x
EV / FCF	-25.4x	-449x	-21.5x	-57.4x	21.6x	42.6x	6.28x	3.54x
FCF Yield	-3.94%	-0.22%	-4.65%	-1.74%	4.62%	2.35%	15.9%	28.3%
Dividend per Share ²	-	-	-	-	-	-	-	20.92
Rate of return	-	-	-	-	-	-	-	10.9%
EPS ²	4.38	-0.41	7.74	12.02	14.21	18.39	24.3	28.93
Distribution rate	-	-	-	-	-	-	-	72.3%
Net sales ¹	2,923	2,619	3,319	4,206	5,219	5,137	6,216	6,813
EBITDA ¹	699.4	242.5	1,201	1,818	2,126	2,564	3,368	3,999
EBIT ¹	439.5	-27.24	892.9	1,394	1,597	1,875	2,814	3,394
Net income ¹	468.7	-44.17	830.8	1,292	1,528	1,923	2,629	3,121
Net Debt ¹	-1,586	-2,394	-1,542	-1,183	-2,357	-2,828	-4,805	-8,599
Reference price ²	87.16	149.79	172.28	176.24	261.23	191.80	191.80	191.80
Nbr of stocks (in thousands)	106,327	106,606	106,844	107,058	107,308	107,311	-	-
Announcement Date	1/3/22	28/2/23	27/2/24	25/2/25	24/2/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
FIRST SOLAR, INC.	10.73x	3.56x	7.15x	-.--%	21.17B
LONGI GREEN ENERGY TECHNOLOGY CO., LTD.	-31.02x	1.51x	33.91x	-.--%	19.34B
NINGBO DEYE TECHNOLOGY GROUP CO., LTD.	32.48x	7.97x	26.89x	1.6%	16.19B
NEXTPOWER INC.	28.73x	4.11x	17.24x	-.--%	15.42B
JINKO SOLAR CO., LTD.	-12.8x	1.1x	15.71x	-.--%	10.29B
WAAREE ENERGIES LIMITED	18.45x	2.7x	11.41x	-	8.22B
XINJIANG DAQO NEW ENERGY CO.,LTD.	-38.74x	8.5x	78.48x	-.--%	7.1B
CSI SOLAR CO., LTD.	35.7x	1.38x	10.74x	0.39%	6.99B
SHENZHEN S.C NEW ENERGY TECHNOLOGY CORPORATION	13.1x	2.08x	9.76x	1.31%	5.78B
TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO.,LTD.	-5.04x	3x	30.19x	-.--%	5.69B
Average	5.16x	3.59x	24.15x	0.37%	11.62B
Weighted average by Cap.	5.49x	3.70x	22.58x	0.33%