First Solar, Inc. — FSLR
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $236.45 | $25.37B | 18.1 | 10.1 | 10.3% | 4.2% | - | 2.8 |
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Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $2.7B | $398.4M | $3.76 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $2.9B | $468.7M | $4.41 | 7.8% | 17.7% | 17.3% |
| 2 | 2022-12-31 | $2.6B | $-44.2M | $-0.41 | -10.4% | -109.4% | -109.3% |
| 3 | 2023-12-31 | $3.3B | $830.8M | $7.78 | 26.7% | -1981.0% | -1997.6% |
| 4 | 2024-12-31 | $4.2B | $1.3B | $12.07 | 26.7% | 55.5% | 55.1% |
| 5 | TTM 2025-03-31 | $4.3B | $1.3B | $11.77 | 1.2% | -2.1% | -2.5% |
| 6 | Average | 10.4% | -403.9% | -407.4% |
EPS
Forecasts
Y/Y % Change
FSLR Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 7.8% | -10.4% | 26.7% | 26.7% | 21.5% | 22.7% | 15.8% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 | |
| EPS Growth (%) | 17.7% | -109.4% | -1981.0% | 55.5% | 21.3% | 59.6% | -322.7% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 10 | 10 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|
| 2021 | $2.9B | $1.9B | $99.1M | $170.3M | $259.9M |
| 2022 | $2.6B | $2.3B | $112.8M | $164.7M | $269.7M |
| 2023 | $3.3B | $1.7B | $152.3M | $197.6M | $308.0M |
| 2024 | $4.2B | $1.9B | $191.4M | $188.3M | $423.5M |
| TTM | $5.1B | $2.5B | $214.0M | $202.7M | $513.0M |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|
| 2022 | -10.40 | 17.91 | 13.81 | -3.29 | 3.78 |
| 2023 | 26.70 | -24.99 | 35.02 | 19.97 | 14.19 |
| 2024 | 26.75 | 12.57 | 25.65 | -4.74 | 37.50 |
| TTM | 20.07 | 30.65 | 11.81 | 7.65 | 21.13 |
No unmapped expenses.
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $12,858M |
| 1 | Cash | $1,125M |
| 2 | Total Liabilities | $4,312M |
| 3 | Total Debt | $1,067M |
| 4 | Total Equity | $8,546M |
| 5 | Debt to Equity Ratio | 0.12 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $236.45 | 4.1% | Nicks Growth: 12% Nick's Expected Margin: 25% FINVIZ Growth: 34% |
Nicks: 21 Finviz: 133 |
Nick's: 5.328 | 5.0 | 18.1 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $13.03 EPS | TTM | $277.68 | 17.4% | $1728.39 | 631.0% |
| $14.60 EPS | 2025 | $311.14 | 31.6% | $1936.65 | 719.1% |
| $23.30 EPS | 2026 | $496.55 | 110.0% | $3090.68 | 1207.1% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 10.10% | 4.36% | 10.46% | 4.43% | 1.30% | 1.44% | 10.53% | 4.45% | 51.3% | 50.7% |
| 3 Years | 10.10% | 4.36% | 10.46% | 4.43% | 1.30% | 1.44% | 10.53% | 4.45% | 51.3% | 50.7% |
| 5 Years | 10.10% | 4.36% | 10.46% | 4.43% | 1.30% | 1.44% | 10.53% | 4.45% | 51.3% | 50.7% |
| 10 Years | 10.10% | 4.36% | 10.46% | 4.43% | 1.30% | 1.44% | 10.53% | 4.45% | 51.3% | 50.7% |