Canadian Solar Stock Intrinsic Value – CANADIAN SOLAR Reports Second Quarter FY2023 Earnings Results for August 22, 2023
August 31, 2023
🌥️Earnings Overview
CANADIAN SOLAR ($NASDAQ:CSIQ) announced its earnings results for the second quarter of the fiscal year 2023, ending on August 22, 2023, with total revenue of USD 2364.0 million, representing a year-on-year increase of 2.2%, and reported net income of USD 170.0 million, a year-over-year growth of 128.3%.
Price History
On Tuesday, CANADIAN SOLAR reported its financial results for its Second Quarter of FY2023. The company opened the day’s trading with a price of $30.1 before closing the session at $26.8, a 12.9% plunge from the previous closing price of $30.8. The sharp drop in stock price was largely attributed to the company’s weaker-than-expected earnings. Despite the decline in profits and revenue, CANADIAN SOLAR is still performing relatively well in comparison to other solar companies in its sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canadian Solar. More…
| Total Revenues | Net Income | Net Margin |
| 7.97k | 409.98 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canadian Solar. More…
| Operations | Investing | Financing |
| 800.8 | -1.08k | 1.72k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canadian Solar. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.2k | 7.76k | 37.86 |
Key Ratios Snapshot
Some of the financial key ratios for Canadian Solar are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.5% | 19.0% | 8.8% |
| FCF Margin | ROE | ROA |
| -3.2% | 19.4% | 3.9% |
Analysis – Canadian Solar Stock Intrinsic Value
As GoodWhale, we have conducted an analysis of CANADIAN SOLAR‘s financials. Our proprietary Valuation Line has calculated the intrinsic value of the CANADIAN SOLAR share to be around $52.5. However, the stock is currently being traded at $26.8, meaning it is undervalued by 48.9%. This presents a great opportunity for investors looking for a high return on their investments. More…
Peers
The global solar panel market is competitive with Canadian Solar Inc, SunPower Corp, First Solar Inc, and JinkoSolar Holding Co Ltd being the top competitors. These companies compete based on product quality, price, innovation, and brand. Canadian Solar Inc is a leading company in the solar panel industry and has a strong presence in Europe, Asia, North America, and South America.
– SunPower Corp ($NASDAQ:SPWR)
Solar Power Corporation has a market cap of 2.93B as of 2022, a Return on Equity of -24.76%. The company is a leading solar panel manufacturer and installer, providing solar power solutions for residential, commercial, and utility-scale customers. Solar Power Corporation has a strong history of innovation and has been a driving force in the solar industry for over two decades. The company has a strong financial position and is well-positioned to continue its leadership role in the solar industry.
– First Solar Inc ($NASDAQ:FSLR)
As of 2022, First Solar Inc has a market cap of 12.93B and a Return on Equity of 3.34%. First Solar is a US-based solar panel manufacturer. The company sells photovoltaic cells and modules to customers in the utility, commercial, and residential markets.
– JinkoSolar Holding Co Ltd ($NYSE:JKS)
JinkoSolar Holding Co., Ltd. engages in the manufacture and sale of solar power products. It operates through the following segments: Production, Sales, and Others. The Production segment includes the production of solar power products. The Sales segment comprises of domestic sales and international sales. The Others segment includes research and development activities. The company was founded on September 26, 2006 and is headquartered in Shanghai, China.
Summary
CANADIAN SOLAR released its second quarter of FY2023 earnings on June 30 2023, with total revenue of USD 2364.0 million, a 2.2% increase year-on-year. Net income also increased by 128.3%, amounting to USD 170.0 million. The stock price saw a decrease the same day as the announcement. Investors should take a closer look at the company’s financials and growth prospects before investing in CANADIAN SOLAR.
Analysts will be closely monitoring the company’s performance in upcoming quarters to see how it fares against market expectations. Overall, CANADIAN SOLAR seems to be a good investment opportunity for investors looking for long-term returns.
Related Posts
Recent Posts
