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Last update at 2024-12-19T18:52:00Z
Canadian Solar Inc. (CSIQ): Analysts Are Bullish On This Undervalued Canadian Stock Now
Sun 13 Oct 24, 06:30 PMCanadian Solar (CSIQ): An Undervalued Solar Stock to Buy According to Analysts
Sun 06 Oct 24, 09:08 PMRecurrent Energy Announces Closing of $500 Million Investment from BlackRock
Thu 03 Oct 24, 11:00 AMCanadian Solar (CSIQ): Short Seller Sentiment is Bearish On This ADR Stock
Mon 23 Sep 24, 07:02 AMCanadian Solar and SOLARCYCLE Ink Landmark Cradle-to-Cradle U.S. Recycling Partnership
Tue 03 Sep 24, 11:00 AMCanadian Solar's (NASDAQ:CSIQ) Problems Go Beyond Weak Profit
Thu 29 Aug 24, 01:03 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 356.47M | 138.46M | 134.48M | 179.67M | 298.49M |
Minority interest | -58.58700M | -14.62800M | 322.36M | 31.92M | 47.37M |
Net income | 239.97M | 95.25M | 146.70M | 171.59M | 237.07M |
Selling general administrative | 342.13M | 308.94M | 225.60M | 242.78M | 245.38M |
Selling and marketing expenses | 558.93M | 398.65M | 224.24M | 180.33M | 165.40M |
Gross profit | 1263.14M | 909.31M | 689.91M | 718.50M | 775.08M |
Reconciled depreciation | 234.56M | 282.77M | 209.12M | 159.72M | 129.26M |
Ebit | 356.06M | -81.33700M | 20.62M | 111.19M | 246.61M |
Ebitda | 396.68M | 201.43M | 229.74M | 270.92M | 375.86M |
Depreciation and amortization | 40.62M | 282.77M | 209.12M | 159.72M | 129.26M |
Non operating income net other | - | - | - | - | - |
Operating income | 356.06M | -81.33700M | 20.62M | 111.19M | 364.66M |
Other operating expenses | 7112.55M | 5086.79M | 3256.07M | 2941.70M | 3379.86M |
Interest expense | 74.27M | 58.15M | 71.87M | 81.33M | 106.03M |
Tax provision | 73.35M | 35.84M | -1.98300M | 42.07M | 61.97M |
Interest income | 40.62M | 11.05M | 9.31M | 12.04M | 11.21M |
Net interest income | -33.65100M | -47.10200M | -62.56800M | -69.28700M | -94.82500M |
Extraordinary items | - | - | - | - | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 73.35M | 35.84M | -1.98300M | 42.07M | 61.97M |
Total revenue | 7468.61M | 5277.17M | 3476.49M | 3200.58M | 3744.51M |
Total operating expenses | 907.08M | 718.93M | 469.48M | 459.62M | 410.43M |
Cost of revenue | 6205.47M | 4367.86M | 2786.58M | 2482.09M | 2969.43M |
Total other income expense net | 0.41M | 219.80M | 113.87M | 68.48M | 28.66M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 298.56M | 109.88M | 147.25M | 166.56M | 242.43M |
Net income applicable to common shares | 239.97M | 95.25M | 146.70M | 171.59M | 237.07M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 11895.76M | 9037.13M | 7388.34M | 6536.85M | 5467.21M |
Intangible assets | 19.73M | 85.62M | 90.00M | 84.84M | 83.63M |
Earning assets | - | - | - | - | - |
Other current assets | 292.88M | 653.90M | 1028.28M | 1101.55M | 857.62M |
Total liab | 8190.52M | 6730.43M | 5261.90M | 4644.07M | 4042.15M |
Total stockholder equity | 2559.24M | 1941.64M | 1801.08M | 1570.42M | 1393.13M |
Deferred long term liab | - | - | - | - | - |
Other current liab | 1954.72M | 1171.50M | 913.40M | 757.22M | 588.54M |
Common stock | 835.54M | 835.54M | 835.54M | 687.03M | 703.81M |
Capital stock | 835.54M | 835.54M | 835.54M | 687.03M | 703.81M |
Retained earnings | 1549.71M | 1275.52M | 1035.55M | 940.35M | 793.60M |
Other liab | - | 360.56M | 452.23M | 370.81M | 295.04M |
Good will | - | - | - | - | 0.00000M |
Other assets | - | 963.03M | 882.27M | 845.11M | 841.09M |
Cash | 2938.62M | 981.43M | 869.83M | 1178.75M | 668.77M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 5864.39M | 5258.77M | 4038.15M | 3588.36M | 3092.00M |
Current deferred revenue | 392.31M | 334.94M | 135.51M | 189.47M | 134.81M |
Net debt | 1536.91M | 3030.69M | 2387.93M | 1630.70M | 1754.48M |
Short term debt | 2703.69M | 2947.03M | 2486.24M | 2126.92M | 1783.05M |
Short long term debt | 2683.48M | 2937.22M | 2474.05M | 2111.72M | 1764.28M |
Short long term debt total | 4475.53M | 4012.12M | 3257.76M | 2809.45M | 2423.25M |
Other stockholder equity | 292.74M | 1.13M | -19.42800M | -28.23600M | 5.33M |
Property plant equipment | - | 2295.06M | 1545.43M | 1342.79M | 1136.72M |
Total current assets | 5814.66M | 5644.66M | 4771.83M | 4185.82M | 3252.94M |
Long term investments | 236.93M | 115.78M | 98.82M | 78.29M | 152.83M |
Net tangible assets | - | 1924.11M | 1711.08M | 1485.58M | 1309.51M |
Short term investments | 19.32M | - | - | - | - |
Net receivables | 1209.70M | 1236.11M | 887.54M | 545.71M | 592.22M |
Long term debt | 1655.00M | 1039.38M | 748.31M | 669.30M | 619.48M |
Inventory | 1373.46M | 1524.10M | 1192.37M | 695.98M | 554.07M |
Accounts payable | 813.68M | 805.30M | 503.00M | 514.74M | 585.60M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -118.74400M | -170.55100M | -50.58400M | -28.72100M | -109.60700M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | 687.03M | 703.81M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | - | - |
Treasury stock | - | - | - | - | -11.84500M |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 1243.90M | 734.87M | 645.76M | 674.46M | 687.13M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 6081.10M | 3392.47M | 2616.51M | 2351.03M | 2214.27M |
Capital lease obligations | 137.05M | 35.52M | 35.40M | 28.44M | 39.48M |
Long term debt total | - | - | - | - | 632.55M |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Investments | -1432.47400M | -630.48800M | -37.02200M | 15.28M | -3.02300M |
Change to liabilities | - | 561.39M | -110.36100M | -58.93600M | 292.83M |
Total cashflows from investing activities | - | -630.48800M | -429.57000M | -319.66200M | -294.10200M |
Net borrowings | - | 443.12M | 472.87M | 560.68M | -22.83600M |
Total cash from financing activities | 2052.83M | 428.64M | 614.07M | 823.50M | -34.61400M |
Change to operating activities | - | 516.57M | 105.51M | -201.23800M | 204.36M |
Net income | 274.19M | 298.56M | 109.88M | 147.25M | 166.56M |
Change in cash | 979.07M | 535.22M | -205.43300M | 434.30M | 264.43M |
Begin period cash flow | 1959.55M | 1434.28M | 1639.71M | 1205.42M | 940.99M |
End period cash flow | 2938.62M | 1969.50M | 1434.28M | 1639.71M | 1205.42M |
Total cash from operating activities | 684.62M | 916.63M | -408.25400M | -120.54100M | 600.11M |
Issuance of capital stock | 927.90M | 803.64M | 148.51M | 0.00000M | - |
Depreciation | 307.04M | 234.56M | 282.77M | 209.12M | 159.72M |
Other cashflows from investing activities | - | - | - | - | -2.92000M |
Dividends paid | - | - | 0.00000M | 37.38M | 1.12M |
Change to inventory | 182.77M | -406.34300M | -518.74100M | -180.97400M | -312.78100M |
Change to account receivables | 58.98M | -357.27600M | -284.78500M | 65.38M | 51.67M |
Sale purchase of stock | - | 0.00000M | 0.00000M | -5.96300M | -11.84500M |
Other cashflows from financing activities | 1124.93M | 2143.42M | 2368.53M | 2413.23M | 0.31M |
Change to netincome | - | 193.04M | 67.13M | 42.59M | 60.92M |
Capital expenditures | 1525.46M | 628.00M | 429.50M | 334.94M | 291.18M |
Change receivables | - | - | - | - | - |
Cash flows other operating | - | - | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | - | - | - | - |
Change in working capital | -189.73700M | 285.12M | -886.74500M | -560.42500M | 215.99M |
Stock based compensation | 55.34M | 9.37M | 8.81M | 12.35M | 10.68M |
Other non cash items | 600.16M | 72.12M | 83.56M | 52.64M | -6.50000M |
Free cash flow | -840.84500M | 288.63M | -837.75400M | -455.48200M | 308.93M |
Sector: Technology Industry: Solar
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
CSIQ Canadian Solar Inc |
-0.32 2.83% | 11.00 | 6.34 | 4.84 | 0.13 | 0.41 | 0.46 | 5.70 |
FSLR First Solar Inc |
-6.2596 3.40% | 178.01 | 28.97 | 13.44 | 5.89 | 2.92 | 5.44 | 14.89 |
ENPH Enphase Energy Inc |
-2.82 4.10% | 65.98 | 64.37 | 38.91 | 6.95 | 16.18 | 6.78 | 26.01 |
NXT Nextracker Inc. Class A Common Stock |
-0.86 2.46% | 34.13 | 16.44 | 12.44 | 2.71 | 15.50 | 2.46 | 15.56 |
XISHY Xinyi Solar Holdings Limited |
-0.1 1.25% | 7.87 | 11.55 | 14.93 | 0.22 | 1.24 | 0.24 | 1.12 |
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.
545 Speedvale Avenue West, Guelph, ON, Canada, N1K 1E6
Name | Title | Year Born |
---|---|---|
Dr. Xiaohua Qu | Chairman, Pres & CEO | 1964 |
Dr. Huifeng Chang | Sr. VP, CFO & Director | 1966 |
Dr. Guoqiang Xing | Sr. VP & CTO | 1963 |
Mr. Ed Job M.Sc., CFA | Managing Director of Investor Relations | NA |
Mr. Jianyi Zhang | Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. | 1958 |
Mr. Yan Zhuang | Director | 1964 |
Ms. Julie E. Ungerleider | Managing Director of Global EPC - Global Energy Group | NA |
Mr. Ismael Guerrero Arias | Corp. VP & Pres of the Energy business | 1975 |
Ms. Mary Ma | Sr. Supervisor of Investor Relations | NA |
Ms. Zhang Zhang | Director of Investor Relations & Strategic Analysis | 1994 |
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