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First Solar Inc

Technology US FSLR

222.51USD
1.18(0.53%)

Last update at 2024-07-25T16:49:00Z

Day Range

215.01223.86
LowHigh

52 Week Range

129.22283.63
LowHigh

Fundamentals

  • Previous Close 221.33
  • Market Cap29988.61M
  • Volume981230
  • P/E Ratio28.97
  • Dividend Yield-%
  • EBITDA1439.70M
  • Revenue TTM3564.42M
  • Revenue Per Share TTM33.36
  • Gross Profit TTM 127.66M
  • Diluted EPS TTM9.67

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 8.60M 572.16M 293.19M -120.12900M 113.15M
Minority interest - - - - -
Net income -44.16600M 468.69M 398.36M -114.64900M 144.33M
Selling general administrative 164.72M 170.32M 222.92M 205.47M 176.86M
Selling and marketing expenses - - - - -
Gross profit 69.86M 729.95M 680.67M 549.21M 392.18M
Reconciled depreciation 269.72M 259.90M 232.93M 205.47M 130.74M
Ebit -216.27400M 186.06M 95.19M 62.17M 8.90M
Ebitda 53.45M 445.96M 328.12M 267.65M 139.64M
Depreciation and amortization 269.72M 259.90M 232.93M 205.47M 130.74M
Non operating income net other - -1.48200M -2.39200M 68.44M 133.57M
Operating income -216.27400M 186.06M 95.19M 62.17M 40.11M
Other operating expenses 2900.07M 2483.91M 2387.84M 2861.90M 2203.93M
Interest expense 12.22M 13.11M 24.04M 27.07M 25.92M
Tax provision 52.76M 103.47M -107.29400M -5.48000M 3.44M
Interest income 33.28M 6.18M 16.56M 48.89M 59.79M
Net interest income 21.06M -6.92800M -7.47700M 21.82M 33.87M
Extraordinary items - - - - 10.40M
Non recurring - 21.05M 40.53M 45.91M 90.73M
Other items - - - - -
Income tax expense 52.76M 103.47M -107.29400M -5.48000M 3.44M
Total revenue 2619.32M 2923.38M 2711.33M 3063.12M 2244.04M
Total operating expenses 350.61M 290.49M 357.18M 348.00M 352.06M
Cost of revenue 2549.46M 2193.42M 2030.66M 2513.91M 1851.87M
Total other income expense net 224.87M 386.10M 198.00M -182.30000M 39.17M
Discontinued operations - - - - -
Net income from continuing ops -44.16600M 468.69M 400.48M -114.64900M 109.71M
Net income applicable to common shares -44.16600M 468.69M 398.36M -114.93300M 144.33M
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 10365.13M 8251.23M 7413.75M 7108.93M 7515.69M
Intangible assets 64.51M 31.11M 45.51M 56.14M 64.54M
Earning assets - - - - -
Other current assets 33.00M 237.07M 244.19M 251.71M 279.98M
Total liab 3677.66M 2415.17M 1454.19M 1588.00M 2418.92M
Total stockholder equity 6687.47M 5836.06M 5959.55M 5520.93M 5096.77M
Deferred long term liab - - - - -
Other current liab 578.80M 424.23M 327.74M 433.70M 759.40M
Common stock 0.11M 0.11M 0.11M 0.11M 0.10M
Capital stock 0.11M 0.11M 0.11M 0.11M 0.10M
Retained earnings 3971.07M 3140.29M 3184.45M 2715.76M 2326.62M
Other liab - 1152.19M 345.40M 502.91M 526.80M
Good will 29.69M 14.46M 14.46M 14.46M 14.46M
Other assets - 777.91M 1088.11M 1356.23M 1030.20M
Cash 1946.99M 1481.27M 1450.65M 1227.00M 1352.74M
Cash and equivalents - - - - -
Total current liabilities 1306.16M 1038.05M 726.88M 847.40M 1318.21M
Current deferred revenue 413.58M 263.21M 201.87M 188.81M 323.22M
Net debt -1322.60500M -1287.72700M -1210.75300M -947.77100M -881.04400M
Short term debt 106.60M 9.19M 3.90M 41.54M 17.51M
Short long term debt 96.24M - 3.90M 41.54M 17.51M
Short long term debt total 624.39M 193.54M 239.90M 279.23M 471.70M
Other stockholder equity 2890.43M 2887.48M 2871.35M 2866.79M 2849.38M
Property plant equipment - 3636.33M 2887.10M 2603.51M 2341.80M
Total current assets 4634.81M 3791.42M 3191.24M 3014.53M 3599.83M
Long term investments - - - - 2.81M
Net tangible assets - 5790.49M 5899.58M 5450.33M 5017.76M
Short term investments 155.50M 1096.71M 375.39M 520.07M 811.51M
Net receivables 1407.62M 354.99M 454.71M 292.46M 658.51M
Long term debt 464.07M 184.35M 236.00M 237.69M 454.19M
Inventory 1012.11M 621.38M 666.30M 567.62M 497.10M
Accounts payable 207.18M 341.41M 193.37M 183.35M 218.08M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -174.13100M -191.81700M -96.36200M -61.72600M -79.33400M
Additional paid in capital - - - - -
Common stock total equity - - 0.11M 0.11M 0.10M
Preferred stock total equity - - - - -
Retained earnings total equity - - 3184.45M 2715.76M 2326.62M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 545.43M 792.41M 1236.49M 1274.02M 1045.14M
Deferred long term asset charges - - - - 130.77M
Non current assets total 5730.32M 4459.81M 4222.50M 4094.40M 3915.86M
Capital lease obligations 64.08M 49.78M 158.69M 203.04M 123.62M
Long term debt total - - 236.00M 237.69M 454.19M
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
Investments -1192.57400M 147.46M 290.91M 309.30M 63.27M
Change to liabilities 912.95M -56.84900M -836.00800M 408.97M 148.65M
Total cashflows from investing activities -1192.57400M -99.04000M -131.22700M -362.29800M -682.71400M
Net borrowings 321.48M 56.54M -68.66500M 90.03M 271.99M
Total cash from financing activities 309.39M 40.55M -82.58700M 74.94M 255.23M
Change to operating activities -93.31700M -125.24600M -541.49000M 374.70M 85.91M
Net income -44.16600M 468.69M 398.36M -114.93300M 144.33M
Change in cash 37.62M 182.24M -172.91600M -116.11300M -767.85300M
Begin period cash flow 1455.84M 1273.59M 1446.51M 1562.62M 2330.48M
End period cash flow 1493.46M 1455.84M 1273.59M 1446.51M 1562.62M
Total cash from operating activities 873.37M 237.56M 37.12M 174.20M -326.80900M
Issuance of capital stock - - - - -
Depreciation 269.72M 259.90M 232.93M 205.47M 130.74M
Other cashflows from investing activities -3.05000M 293.79M -5.50000M -2.87600M -6.14800M
Dividends paid - - - - -
Change to inventory 16.69M -136.36500M -145.39600M -83.52800M -257.22900M
Change to account receivables 118.72M -222.19700M -196.34000M 301.11M -116.38800M
Sale purchase of stock - - - - -
Other cashflows from financing activities 385.29M 113.23M 142.76M 105.04M 274.17M
Change to netincome -350.82700M -57.14300M 120.38M -12.94900M 20.74M
Capital expenditures 903.61M 540.29M 416.63M 668.72M 739.84M
Change receivables - -96.95100M 345.15M -73.59400M -202.29800M
Cash flows other operating - -143.72600M -78.28900M -155.24400M -311.73900M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 179.07M -176.69400M -113.15400M -754.29500M
Change in working capital 998.64M -336.70500M -562.45200M 225.28M -326.34300M
Stock based compensation 28.66M 20.90M 29.27M 37.43M 34.15M
Other non cash items -366.68400M -225.07800M -96.98800M -119.13200M -299.57000M
Free cash flow -30.23600M -302.73200M -379.51500M -494.51600M -1066.64700M

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)
FSLR
First Solar Inc
1.18 0.53% 222.51 28.97 13.44 5.89 2.92 5.44 14.89
ENPH
Enphase Energy Inc
2.12 1.82% 119.03 64.37 38.91 6.95 16.18 6.78 26.01
NXT
Nextracker Inc. Class A Common Stock
0.29 0.62% 47.10 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited
-0.125 1.34% 9.17 11.55 14.93 0.22 1.24 0.24 1.12
XNYIF
Xinyi Solar Holdings Limited
- -% 0.51 10.10 13.72 0.22 1.37 0.24 1.12

Reports Covered

Stock Research & News

Profile

First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. The company's residual business operations include project development activities, operations and maintenance services, and the sale of PV solar power systems to third-party customers. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

First Solar Inc

350 West Washington Street, Tempe, AZ, United States, 85288

Key Executives

Name Title Year Born
Mr. Mark R. Widmar CEO & Director 1966
Mr. Alexander R. Bradley Chief Financial Officer 1981
Mr. Jason E. Dymbort Gen. Counsel & Sec. 1978
Ms. Caroline Stockdale Chief People & Communications Officer 1963
Mr. Georges J. Antoun Chief Commercial Officer 1963
Mr. Byron Michael Jeffers Global Controller & Chief Accounting Officer 1983
Mr. Markus Gloeckler Chief Technology Officer 1973
Mr. Mitchell Ennis Mang. of Investor Relations NA
Mr. Michael Koralewski Chief Manufacturing Operations Officer 1972
Mr. Jigish Trivedi Sr. VP of Technology NA

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