Price to Earnings (P/E)
since 2006
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First Solar Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2006
- Total Asset Turnover since 2006
- Price to Operating Profit (P/OP) since 2006
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Calculation
First Solar Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2023 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2007 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of First Solar Inc. Annual Report.
The analysis of the annual financial metrics reveals several notable trends and fluctuations over the period examined.
- Share Price
- The share price demonstrated significant volatility, with an initial strong rise from $51.52 in 2007 to a peak of $211.59 in 2008, followed by a substantial drop to $32.30 in 2012. After remaining relatively subdued around the $27 to $33 range between 2012 and 2017, a recovery phase ensued, with the price increasing to $69.45 in 2016 and reaching a new high of $169.14 in 2023 before slightly declining to $144.99 in 2024. This pattern suggests periods of rapid appreciation, correction, and renewed growth.
- Earnings per Share (EPS)
- EPS values fluctuated markedly, starting from a modest $0.05 in 2007 and peaking at $7.73 in 2011. However, this positive momentum reversed between 2012 and 2013, with EPS turning negative (-$0.46 and -$1.11 respectively). A temporary recovery occurred from 2014 to 2016, with EPS rising to $5.37, but volatility returned with sharp declines to negative values in 2017 (-$3.44) and 2018 (-$1.59). The subsequent years showed inconsistent performance, oscillating between positive and negative EPS values, with the most recent years showing a positive rebound, culminating in $7.78 in 2024. This variability indicates fluctuating profitability possibly related to operational or market conditions.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio showed extreme variation and occasional data gaps. Early years demonstrated very high valuation multiples, notably 938.14 in 2007, which sharply dropped to more moderate levels around 14-19 during 2010-2011. Missing values appear in several years, reflecting either negative EPS values or unavailable data. When present, the ratios ranged mostly between 12.93 and 39.05, indicating periods of both attractive and elevated market valuations relative to earnings. The last available data points fluctuate around 18, suggesting a normalized valuation relative to earnings at the end of the period.
Overall, the financial data display a cyclical pattern in valuation and profitability. The substantial swings in EPS and share price imply challenges in maintaining steady earnings growth, while the P/E ratio’s volatility underscores market sensitivity to these earnings fluctuations. The latest periods suggest a phase of recovery in both earnings and share price, with market valuations stabilizing around moderate levels.
Comparison to Competitors
First Solar Inc., P/E, long-term trends, comparison to competitors
| First Solar Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 27, 2024 | ||||||||||||
| Feb 28, 2023 | ||||||||||||
| Mar 1, 2022 | ||||||||||||
| Feb 26, 2021 | ||||||||||||
| Feb 21, 2020 | ||||||||||||
| Feb 22, 2019 | ||||||||||||
| Feb 23, 2018 | ||||||||||||
| Feb 22, 2017 | ||||||||||||
| Feb 24, 2016 | ||||||||||||
| Feb 25, 2015 | ||||||||||||
| Feb 26, 2014 | ||||||||||||
| Feb 27, 2013 | ||||||||||||
| Feb 29, 2012 | ||||||||||||
| Feb 28, 2011 | ||||||||||||
| Feb 22, 2010 | ||||||||||||
| Feb 25, 2009 | ||||||||||||
| Feb 21, 2008 | ||||||||||||
| Mar 16, 2007 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
First Solar Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| First Solar Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 27, 2024 | ||
| Feb 28, 2023 | ||
| Mar 1, 2022 | ||
| Feb 26, 2021 | ||
| Feb 21, 2020 | ||
| Feb 22, 2019 | ||
| Feb 23, 2018 | ||
| Feb 22, 2017 | ||
| Feb 24, 2016 | ||
| Feb 25, 2015 | ||
| Feb 26, 2014 | ||
| Feb 27, 2013 | ||
| Feb 29, 2012 | ||
| Feb 28, 2011 | ||
| Feb 22, 2010 | ||
| Feb 25, 2009 | ||
| Feb 21, 2008 | ||
| Mar 16, 2007 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
Comparison to Industry (Information Technology)
First Solar Inc., P/E, long-term trends, comparison to industry (information technology)
| First Solar Inc. | Information Technology | |
|---|---|---|
| Feb 27, 2024 | ||
| Feb 28, 2023 | ||
| Mar 1, 2022 | ||
| Feb 26, 2021 | ||
| Feb 21, 2020 | ||
| Feb 22, 2019 | ||
| Feb 23, 2018 | ||
| Feb 22, 2017 | ||
| Feb 24, 2016 | ||
| Feb 25, 2015 | ||
| Feb 26, 2014 | ||
| Feb 27, 2013 | ||
| Feb 29, 2012 | ||
| Feb 28, 2011 | ||
| Feb 22, 2010 | ||
| Feb 25, 2009 | ||
| Feb 21, 2008 | ||
| Mar 16, 2007 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).