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TRINA SOLAR CO., LTD |
End-of-day quote
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 26.77 CNY | -0.70% | -7.47% | -58.01% | |
| Nov. 06 | China's Trina Solar plans $420 mln expansion in Vietnam | RE |
| Nov. 02 | Trina Solar Co., Ltd Announces Revenue Results for First Three Quarter of 2023 | CI |
Valuation
| Fiscal Period : December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 47 875 | 163 167 | 138 316 | 58 186 | - | - |
| Enterprise Value (EV) 1 | 47 875 | 169 433 | 136 418 | 66 775 | 69 748 | 70 564 |
| P/E ratio | 36,2x | 90,7x | 37,3x | 8,56x | 6,77x | 5,49x |
| Yield | - | 0,29% | 0,75% | 2,84% | 3,44% | 3,99% |
| Capitalization / Revenue | 1,63x | 3,67x | 1,63x | 0,51x | 0,43x | 0,36x |
| EV / Revenue | 1,63x | 3,81x | 1,60x | 0,59x | 0,52x | 0,44x |
| EV / EBITDA | - | 47,9x | 21,7x | 6,39x | 5,06x | 4,04x |
| EV / FCF | - | -31,8x | 117x | -4,28x | -24,4x | 26,2x |
| FCF Yield | - | -3,15% | 0,85% | -23,4% | -4,10% | 3,82% |
| Price to Book | - | 9,75x | 5,26x | 1,78x | 1,50x | 1,23x |
| Nbr of stocks (in thousands) | 2 068 026 | 2 068 026 | 2 169 325 | 2 173 562 | - | - |
| Reference price 2 | 23,2 | 78,9 | 63,8 | 26,8 | 26,8 | 26,8 |
| Announcement Date | 24/02/21 | 22/02/22 | 23/02/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 29 418 | 44 480 | 85 052 | 113 338 | 134 935 | 160 189 |
| EBITDA 1 | - | - | 3 540 | 6 273 | 10 446 | 13 790 | 17 487 |
| EBIT 1 | - | 1 433 | 2 261 | 4 078 | 8 506 | 10 753 | 13 509 |
| Operating Margin | - | 4,87% | 5,08% | 4,79% | 7,50% | 7,97% | 8,43% |
| Earnings before Tax (EBT) 1 | - | 1 407 | 2 274 | 3 984 | 8 278 | 10 135 | 12 538 |
| Net income 1 | 641 | 1 229 | 1 804 | 3 680 | 6 794 | 8 590 | 10 595 |
| Net margin | - | 4,18% | 4,06% | 4,33% | 5,99% | 6,37% | 6,61% |
| EPS 2 | 0,36 | 0,64 | 0,87 | 1,71 | 3,13 | 3,95 | 4,88 |
| Free Cash Flow 1 | - | - | -5 329 | 1 161 | -15 609 | -2 859 | 2 695 |
| FCF margin | - | - | -12,0% | 1,37% | -13,8% | -2,12% | 1,68% |
| FCF Conversion (EBITDA) | - | - | - | 18,5% | - | - | 15,4% |
| FCF Conversion (Net income) | - | - | - | 31,6% | - | - | 25,4% |
| Dividend per Share 2 | - | - | 0,23 | 0,48 | 0,76 | 0,92 | 1,07 |
| Announcement Date | 20/05/20 | 24/02/21 | 22/02/22 | 23/02/23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : December | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26 853 | 21 319 | 28 065 | 31 736 | 35 929 | 25 432 | 34 067 | 37 413 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | - | 1 768 | 1 772 | 1 537 | - | - | - | - |
| Net margin | - | 8,29% | 6,31% | 4,84% | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 02/23/23 | 04/26/23 | 08/29/23 | 10/27/23 | - | - | - | - |
1CNY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period : December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 6 265 | - | 8 589 | 11 562 | 12 378 |
| Net Cash position 1 | - | - | - | 1 898 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1,77x | - | 0,82x | 0,84x | 0,71x |
| Free Cash Flow 1 | - | - | -5 329 | 1 161 | -15 609 | -2 859 | 2 695 |
| ROE (net income / shareholders' equity) | - | 8,94% | 11,3% | 16,2% | 22,0% | 23,1% | 23,6% |
| Shareholders' equity 1 | - | 13 750 | 16 009 | 22 772 | 30 862 | 37 127 | 44 957 |
| ROA (Net income/ Total Assets) | - | 3,00% | 3,44% | 4,55% | 6,47% | 7,07% | 7,55% |
| Assets 1 | - | 40 935 | 52 477 | 80 883 | 104 981 | 121 565 | 140 363 |
| Book Value Per Share 2 | - | - | 8,09 | 12,1 | 15,0 | 17,8 | 21,7 |
| Cash Flow per Share 2 | - | 1,45 | 0,53 | 4,25 | 4,00 | 4,64 | 6,42 |
| Capex 1 | - | - | 6 427 | 8 076 | 12 930 | 8 359 | 8 551 |
| Capex / Sales | - | - | 14,4% | 9,50% | 11,4% | 6,19% | 5,34% |
| Announcement Date | 05/20/20 | 02/24/21 | 02/22/22 | 02/23/23 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
26.77CNY
Average target price
38.62CNY
Spread / Average Target
+44.28%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -58.01% | 8 151 M $ | |
| -25.55% | 17 240 M $ | |
| -47.94% | 4 109 M $ | |
| -53.50% | 2 599 M $ | |
| -15.83% | 2 460 M $ | |
| -16.36% | 1 448 M $ | |
| +45.92% | 1 349 M $ | |
| -42.52% | 1 247 M $ | |
| -19.74% | 1 009 M $ | |
| +25.44% | 733 M $ |
- Stock
- Equities
- Stock Trina Solar Co., Ltd - Shanghai Stock Exchange
- Financials Trina Solar Co., Ltd
