First Solar Stock Price To Sales
| FSLR Stock | USD 159.81 0.44 0.28% |
Fundamental analysis of First Solar allows traders to better anticipate movements in First Solar's stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. First Solar Company Price To Sales Analysis
First Solar's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current First Solar Price To Sales | 4.02 X |
Most of First Solar's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, First Solar is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, First Solar has a Price To Sales of 4.0151 times. This is 15.83% lower than that of the Semiconductors & Semiconductor Equipment sector and notably higher than that of the Information Technology industry. The price to sales for all United States stocks is 64.84% higher than that of the company.
First Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Solar's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Solar could also be used in its relative valuation, which is a method of valuing First Solar by comparing valuation metrics of similar companies.First Solar is currently under evaluation in price to sales category among its peers.
First Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.075 | ||||
| Profit Margin | 0.30 % | ||||
| Operating Margin | 0.26 % | ||||
| Current Valuation | 16.83 B | ||||
| Shares Outstanding | 107.24 M | ||||
| Shares Owned By Insiders | 5.55 % | ||||
| Shares Owned By Institutions | 97.40 % | ||||
| Number Of Shares Shorted | 11.82 M | ||||
| Price To Earning | 35.42 X | ||||
| Price To Book | 2.09 X | ||||
| Price To Sales | 4.02 X | ||||
| Revenue | 4.21 B | ||||
| Gross Profit | 1.86 B | ||||
| EBITDA | 1.87 B | ||||
| Net Income | 1.29 B | ||||
| Cash And Equivalents | 1.85 B | ||||
| Cash Per Share | 17.31 X | ||||
| Total Debt | 718.8 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 4.21 X | ||||
| Book Value Per Share | 76.34 X | ||||
| Cash Flow From Operations | 1.22 B | ||||
| Short Ratio | 2.13 X | ||||
| Earnings Per Share | 11.78 X | ||||
| Price To Earnings To Growth | 0.38 X | ||||
| Target Price | 201.78 | ||||
| Number Of Employees | 8.1 K | ||||
| Beta | 1.53 | ||||
| Market Capitalization | 17.09 B | ||||
| Total Asset | 12.12 B | ||||
| Retained Earnings | 5.26 B | ||||
| Working Capital | 3.01 B | ||||
| Current Asset | 3.35 B | ||||
| Current Liabilities | 960.8 M | ||||
| Net Asset | 12.12 B |
About First Solar Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Solar's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Solar based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with First Solar
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.Moving against First Stock
| 0.68 | VSTE | Vast Renewables | PairCorr |
| 0.61 | VSTEW | Vast Renewables | PairCorr |
| 0.48 | SPRU | Spruce Power Holding | PairCorr |
| 0.46 | ENPH | Enphase Energy Tech Boost | PairCorr |
| 0.37 | PN | Skycorp Solar Group | PairCorr |
The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.
The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for First Stock Analysis
When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.