First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.

Financial Strength

10/10

Name	Current	Vs Industry
Cash-To-Debt	3.37
Equity-to-Asset	0.65
Debt-to-Equity	0.09
Debt-to-EBITDA	0.52
Interest Coverage	68.34
Piotroski F-Score	5/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	4.59	Distress Grey Safe
Beneish M-Score	-0.37	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

9/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	6.7
	3-Year EBITDA Growth Rate	29.8
	3-Year EPS without NRI Growth Rate	29
	3-Year FCF Growth Rate	-27.1
	3-Year Book Growth Rate	6.3
	Future 3-5Y EPS without NRI Growth Rate	57.3
	Future 3-5Y Total Revenue Growth Rate	26

Momentum Rank

1/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	30.15
	9-Day RSI	51.99
	14-Day RSI	59.07
	6-1 Month Momentum %	0.5
	12-1 Month Momentum %	-23.73

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	3.55
	Quick Ratio	2.77
	Cash Ratio	1.61
	Days Inventory	171.71
	Days Sales Outstanding	58.7
	Days Payable	43.08

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	3-Year Average Share Buyback Ratio	-0.3
	Shareholder Yield %	-1.12

Profitability Rank

5/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	39.19
	Operating Margin %	26.7
	Net Margin %	25.03
	FCF Margin %	-24.06
	ROE %	13.52
	ROA %	9.08
	ROIC %	13.08
	ROC (Joel Greenblatt) %	19.95
	ROCE %	11.32
	Years of Profitability over Past 10-Year	6

GF Value Rank

3/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	22.61
	Forward PE Ratio	13.13
	PE Ratio without NRI	21.45
	Shiller PE Ratio	78.35
	PEG Ratio	0.6
	PS Ratio	5.66
	PB Ratio	2.8
	Price-to-Tangible-Book	2.84
	Price-to-Operating-Cash-Flow	31.26
	EV-to-EBIT	19.08
	EV-to-Forward-EBIT	10.97
	EV-to-EBITDA	14.23
	EV-to-Forward-EBITDA	8.77
	EV-to-Revenue	5.2
	EV-to-Forward-Revenue	3.84
	EV-to-FCF	-22
	Price-to-Projected-FCF	36.32
	Price-to-Median-PS-Value	2.39
	Price-to-Peter-Lynch-Fair-Value	0.86
	Price-to-Graham-Number	1.64
	Price-to-Net-Current-Asset-Value	19.54
	Earnings Yield (Greenblatt) %	5.24
	FCF Yield %	-4.19
	Forward Rate of Return (Yacktman) %	17.64

GF Value: R$399.81

BSP:FSLR34

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