ScoreWhy is First Solar, Inc. ?
1
Poor Management Efficiency with a low ROE of 8.68%
- The company has been able to generate a Return on Equity (avg) of 8.68% signifying low profitability per unit of shareholders funds
2
The company is Net-Debt Free
3
Low Debt Company with Strong Long Term Fundamental Strength
4
The company has declared Positive results for the last 4 consecutive quarters
- OPERATING CASH FLOW(Y) Highest at USD 2,155.74 MM
- ROCE(HY) Highest at 18.51%
- INTEREST COVERAGE RATIO(Q) Highest at 11,228.82
5
With ROE of 15.74%, it has a very attractive valuation with a 2.14 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 31.96%, its profits have risen by 15.7% ; the PEG ratio of the company is 0.9
6
High Institutional Holdings at 100%
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
7
Market Beating Performance
- The stock has generated a return of 31.96% in the last 1 year, much higher than market (S&P 500) returns of 21.51%
Real-Time Research ReportHow much should you hold?
- 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.
31.96%
-0.23
54.29%
S&P 500
21.51%
1.63
13.19%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
14.00%
EBIT Growth (5y)
36.09%
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
14
Industry P/E
Price to Book Value
2.14
EV to EBIT
10.66
EV to EBITDA
8.12
EV to Capital Employed
2.51
EV to Sales
3.46
PEG Ratio
0.88
Dividend Yield
NA
ROCE (Latest)
23.57%
ROE (Latest)
15.74%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bullish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD 2,155.74 MM
ROCE(HY)
Highest at 18.51%
INTEREST COVERAGE RATIO(Q)
Highest at 11,228.82
RAW MATERIAL COST(Y)
Fallen by -26.3% (YoY
OPERATING PROFIT MARGIN(Q)
Highest at 59.14 %
-1What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 2.55 times
Here's what is working for First Solar, Inc.
Interest Coverage Ratio
Highest at 11,228.82
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Operating Cash Flow
Highest at USD 2,155.74 MM
in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Operating Profit Margin
Highest at 59.14 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Raw Material Cost
Fallen by -26.3% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at USD 147.84 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.
Debtors Turnover Ratio
Lowest at 2.55 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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