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Intrinsic value of First Solar, Inc. (FSLR)

Previous Close$101.90
Intrinsic Value
Upside potential
Previous Close
$101.90

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh42.36 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems. The Modules segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity to integrators and operators of PV solar power systems. The Systems segment provides power plant solutions, such as project development; engineering, procurement, and construction; and operating and maintenance services to utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %7.8NaN
Revenue, $2923NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2336NaN
Operating income, $m587NaN
EBITDA, $m847NaN
Interest expense (income), $mNaN
Earnings before tax, $m572NaN
Tax expense, $m103NaN
Net income, $m469NaN

BALANCE SHEET

Cash and short-term investments, $m1828NaN
Total assets, $m7414NaN
Adjusted assets (=assets-cash), $m5586NaN
Average production assets, $m3384NaN
Working capital, $m2464NaN
Total debt, $m399NaN
Total liabilities, $m1454NaN
Total equity, $m5960NaN
Debt-to-equity ratio0.067NaN
Adjusted equity ratio0.743NaN

CASH FLOW

Net income, $m469NaN
Depreciation, amort., depletion, $m260NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m238NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-540NaN
Free cash flow, $m778NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m2464
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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