Valuation First Solar, Inc.

Equities

Market Closed - Nasdaq Other stock markets 07:00:00 13/03/26 am AEDT			5-day change	1st Jan Change
197.56 ^USD	-1.34%		+3.00%	-24.37%

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	21,200	-	-
Change	-	72.31%	15.27%	2.5%	48.57%	-24.37%	-	-
Enterprise Value (EV) ¹	7,681	13,575	16,865	17,685	25,675	18,372	16,395	12,601
Change	-	76.73%	24.24%	4.86%	45.18%	-28.44%	-10.76%	-23.14%
P/E ratio	19.9x	-365x	22.3x	14.7x	18.4x	10.7x	8.13x	6.83x
PBR	1.56x	2.74x	2.75x	2.37x	2.94x	1.86x	1.51x	1.24x
PEG	-	3x	-0x	0.3x	1x	0.4x	0.3x	0.4x
Capitalization / Revenue	3.17x	6.1x	5.55x	4.49x	5.37x	4.02x	3.41x	3.11x
EV / Revenue	2.63x	5.18x	5.08x	4.2x	4.92x	3.48x	2.64x	1.85x
EV / EBITDA	11x	56x	14x	9.73x	12.1x	7.16x	4.87x	3.15x
EV / EBIT	17.5x	-498x	18.9x	12.7x	16.1x	9.16x	5.83x	3.71x
EV / FCF	-25.4x	-449x	-21.5x	-57.4x	21.6x	44x	6.53x	3.72x
FCF Yield	-3.94%	-0.22%	-4.65%	-1.74%	4.62%	2.27%	15.3%	26.9%
Dividend per Share ²	-	-	-	-	-	-	-	20.92
Rate of return	-	-	-	-	-	-	-	10.6%
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	5,279	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	2,006	2,814	3,394
Net income ¹	468.7	-44.17	830.8	1,292	1,528	1,945	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	197.56	197.56	197.56
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.	10.89x	3.54x	7.28x	-.--%	21.49B
LONGI GREEN ENERGY TECHNOLOGY CO., LTD.	-33x	1.63x	36.54x	-.--%	20.68B
NINGBO DEYE TECHNOLOGY GROUP CO., LTD.	34.77x	8.58x	28.92x	1.49%	17.42B
NEXTPOWER INC.	32.25x	4.65x	19.51x	-.--%	17.33B
JINKO SOLAR CO., LTD.	-15.11x	1.29x	18.45x	-.--%	12.21B
TONGWEI CO.,LTD	-12.64x	1.56x	18.07x	-.--%	11.93B
WAAREE ENERGIES LIMITED	18.8x	2.76x	11.64x	-	8.37B
CSI SOLAR CO., LTD.	41.07x	1.56x	12.15x	0.34%	8.08B
XINJIANG DAQO NEW ENERGY CO.,LTD.	-40.01x	8.81x	81.3x	-.--%	7.36B
SHENZHEN S.C NEW ENERGY TECHNOLOGY CORPORATION	13.71x	2.19x	10.3x	1.25%	6.09B
Average	5.07x	3.66x	24.42x	0.34%	13.1B
Weighted average by Cap.	5.03x	3.73x	23.30x	0.3%