Canadian Solar Inc (CSIQ)’s financial ratios: A comprehensive overview

Canadian Solar Inc (NASDAQ: CSIQ) closed the day trading at $18.36 up 0.99% from the previous closing price of $18.18. In other words, the price has increased by $+0.18 from its previous closing price. On the day, 1550906 shares were traded.

Ratios:

For a better understanding of CSIQ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 1.75 whereas as Long-Term Debt/Eq ratio is at 0.69.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Daiwa Securities on March 11, 2024, initiated with a Neutral rating and assigned the stock a target price of $21.

On December 18, 2023, Goldman Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $25.

JP Morgan Downgraded its Neutral to Underweight on November 15, 2023, whereas the target price for the stock was revised from $32 to $22.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CSIQ now has a Market Capitalization of 1.17B and an Enterprise Value of 3.79B. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.78, and their Forward P/E ratio for the next fiscal year is 4.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is 5.95.

Stock Price History:

Over the past 52 weeks, CSIQ has reached a high of $45.29, while it has fallen to a 52-week low of $17.82. The 50-Day Moving Average of the stock is 21.26, while the 200-Day Moving Average is calculated to be 26.24.

Shares Statistics:

Over the past 3-months, CSIQ traded about 1.22M shares per day on average, while over the past 10 days, CSIQ traded about 1.61M shares per day. A total of 64.51M shares are outstanding, with a floating share count of 50.88M. Insiders hold about 21.28% of the company’s shares, while institutions hold 55.71% stake in the company. Shares short for CSIQ as of Feb 29, 2024 were 6.85M with a Short Ratio of 5.59, compared to 7.13M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.59% and a Short% of Float of 13.46%.

Earnings Estimates

Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of $0.21 and a low estimate of -$0.38, while EPS last year was $1.19. The consensus estimate for the next quarter is $0.66, with high estimates of $1.02 and low estimates of $0.31.

Analysts are recommending an EPS of between $3.26 and $2.54 for the fiscal current year, implying an average EPS of $3.08. EPS for the following year is $4.35, with 6 analysts recommending between $6.58 and $2.62.

Revenue Estimates

6 analysts predict $1.28B in revenue for the current quarter. It ranges from a high estimate of $1.34B to a low estimate of $1.25B. As of the current estimate, Canadian Solar Inc’s year-ago sales were $1.71B, an estimated decrease of -24.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $2.06B, a decrease of -12.70% over than the figure of -$24.90% in the same quarter last year. There is a high estimate of $2.43B for the next quarter, whereas the lowest estimate is $1.9B.

A total of 6 analysts have provided revenue estimates for CSIQ’s current fiscal year. The highest revenue estimate was $8.9B, while the lowest revenue estimate was $7.74B, resulting in an average revenue estimate of $8.59B. In the same quarter a year ago, actual revenue was $7.61B, up 12.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $10.01B in the next fiscal year. The high estimate is $12.24B and the low estimate is $9.19B. The average revenue growth estimate for next year is up 16.60% from the average revenue estimate for this year.

Most Popular

[the_ad id="945"]