Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

First Solar Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $200.83
No. shares of common stock outstanding 106,825,674
US$ in thousands
Common equity (market value)1 21,453,800
Total equity 21,453,800
Add: Current portion of long-term debt (per books)
Add: Long-term debt, noncurrent portion (per books) 184,349
Total equity and debt 21,638,149
Less: Cash and cash equivalents 1,481,269
Less: Marketable securities 1,096,712
Enterprise value (EV) 19,060,168

Based on: 10-K (reporting date: 2022-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 200.83 × 106,825,674


Historical Enterprise Value (EV)

First Solar Inc., EV calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Share price1, 2 $169.14 $75.62 $81.02 $50.59 $53.73
No. shares of common stock outstanding1 106,609,094 106,333,764 105,986,398 105,457,669 104,894,572
US$ in thousands
Common equity (market value)3 18,031,862 8,040,959 8,587,018 5,335,103 5,635,985
Total equity 18,031,862 8,040,959 8,587,018 5,335,103 5,635,985
Add: Current portion of long-term debt (book value) 3,896 41,540 17,510 5,570
Add: Long-term debt, noncurrent portion (book value) 184,349 236,005 237,691 454,187 461,221
Total equity and debt 18,216,211 8,280,860 8,866,249 5,806,800 6,102,776
Less: Cash and cash equivalents 1,481,269 1,450,654 1,227,002 1,352,741 1,403,562
Less: Marketable securities 1,096,712 375,389 520,066 811,506 1,143,704
Enterprise value (EV) 15,638,230 6,454,817 7,119,181 3,642,553 3,555,510

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of First Solar Inc. Annual Report.

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 169.14 × 106,609,094

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. First Solar Inc. EV decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.