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Canadian Solar Inc

Technology US CSIQ

16.18USD
-0.27(1.64%)

Last update at 2024-06-18T20:00:00Z

Day Range

16.1516.66
LowHigh

52 Week Range

14.1141.92
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 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

Fundamentals

  • Previous Close 16.45
  • Market Cap1261.96M
  • Volume1072439
  • P/E Ratio6.34
  • Dividend Yield-%
  • EBITDA722.91M
  • Revenue TTM7241.46M
  • Revenue Per Share TTM110.08
  • Gross Profit TTM 1264.81M
  • Diluted EPS TTM3.01

Peer Comparison

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
-0.27 1.64% 16.18 6.34 4.84 0.13 0.41 0.46 5.70
FSLR
First Solar Inc
1.04 0.40% 262.37 28.97 13.44 5.89 2.92 5.44 14.89
ENPH
Enphase Energy Inc
-1.82 1.51% 119.01 64.37 38.91 6.95 16.18 6.78 26.01
NXT
Nextracker Inc. Class A Common Stock
0.14 0.24% 57.98 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited
0.54 4.96% 11.43 11.55 14.93 0.22 1.24 0.24 1.12

Reports Covered

Stock Research & News

Profile

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.

Canadian Solar Inc

545 Speedvale Avenue West, Guelph, ON, Canada, N1K 1E6

Key Executives

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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