ScoreWhy is First Solar, Inc. ?
1
Company has a low Debt to Equity ratio (avg) at times
2
Low Debt Company with Strong Long Term Fundamental Strength
3
With a growth in Net Profit of 32.5%, the company declared Very Positive results in Sep 25
- The company has declared positive results in Jan 70 after 2 consecutive negative quarters
- OPERATING CASH FLOW(Y) Highest at USD 1,626.22 MM
- NET SALES(Q) Highest at USD 1,594.86 MM
- OPERATING PROFIT(Q) Highest at USD 640.89 MM
4
With ROE of 15.30%, it has a very attractive valuation with a 2.37 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 51.42%, its profits have risen by 10.5% ; the PEG ratio of the company is 1.5
5
High Institutional Holdings at 100%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
6
Market Beating Performance
- The stock has generated a return of 51.42% in the last 1 year, much higher than market (S&P 500) returns of 14.90%
Real-Time Research ReportHow much should you buy?
- Overall Portfolio exposure to First Solar, Inc. should be less than 10%
- Overall Portfolio exposure to Other Electrical Equipment should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Electrical Equipment)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is First Solar, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
First Solar, Inc.
51.42%
-0.50
62.77%
S&P 500
14.9%
0.77
19.29%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
7.60%
EBIT Growth (5y)
24.56%
EBIT to Interest (avg)
26.81
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.04
Sales to Capital Employed (avg)
0.48
Tax Ratio
7.52%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
11.38%
ROE (avg)
8.68%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
16
Industry P/E
Price to Book Value
2.37
EV to EBIT
12.43
EV to EBITDA
9.47
EV to Capital Employed
2.60
EV to Sales
3.99
PEG Ratio
1.51
Dividend Yield
NA
ROCE (Latest)
20.92%
ROE (Latest)
15.30%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend14What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD 1,626.22 MM
NET SALES(Q)
Highest at USD 1,594.86 MM
OPERATING PROFIT(Q)
Highest at USD 640.89 MM
NET PROFIT(Q)
Highest at USD 435.42 MM
EPS(Q)
Highest at USD 4.24
-6What is not working for the Company
RAW MATERIAL COST(Y)
Grown by 23.48% (YoY
INTEREST(Q)
Highest at USD 14.12 MM
Here's what is working for First Solar, Inc.
Operating Cash Flow
Highest at USD 1,626.22 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Net Sales
At USD 1,594.86 MM has Grown at 79.67%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (USD MM)
Net Sales
Highest at USD 1,594.86 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (USD MM)
Operating Profit
Highest at USD 640.89 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (USD MM)
Net Profit
Highest at USD 435.42 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (USD MM)
EPS
Highest at USD 4.24
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (USD)
Depreciation
Highest at USD 138.06 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for First Solar, Inc.
Interest
At USD 14.12 MM has Grown at 53.76%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Interest
Highest at USD 14.12 MM
in the last five periods and Increased by 53.76% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (USD MM)
Raw Material Cost
Grown by 23.48% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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