|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.76 CNY | -3.80% |
|
-4.73% | +19.40% |
| Feb. 05 | Trina Solar says it has not engaged in cooperation with SpaceX | RE |
| Feb. 04 | Chinese solar shares jump on reports of Musk-linked visits, some firms deny cooperation | RE |
Projected Income Statement: Trina Solar Co., Ltd.
Annual
Quarterly
Halfyear
Annual
Quarterly
Halfyear
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 29,505 | 44,490 | 85,248 | 113,392 | 80,334 | 69,220 | 81,910 | 95,165 |
| Change | - | 50.79% | 91.61% | 33.01% | -29.15% | -13.84% | 18.33% | 16.18% |
| EBITDA 1 | - | 3,540 | 6,273 | 10,199 | 4,525 | 1,240 | 5,644 | 8,477 |
| Change | - | - | 77.19% | 62.59% | -55.63% | -72.59% | 355.05% | 50.2% |
| EBIT 1 | 1,460 | 2,367 | 4,250 | 6,955 | -3,766 | -5,837 | 2,268 | 4,044 |
| Change | - | 62.15% | 79.55% | 63.64% | -154.15% | -54.98% | 138.86% | 78.28% |
| Interest Paid 1 | -538.3 | -289.1 | -272.1 | -379.9 | -1,385 | -1,488 | -1,511 | -1,449 |
| Earnings before Tax (EBT) 1 | 1,434 | 2,381 | 4,172 | 6,533 | -3,660 | -6,216 | 509.5 | 3,113 |
| Change | - | 66.02% | 75.24% | 56.6% | -156.02% | -69.86% | 108.2% | 510.9% |
| Net income 1 | 1,232 | 1,876 | 3,711 | 5,531 | -3,455 | -5,606 | -1,235 | 2,554 |
| Change | - | 52.36% | 97.78% | 49.05% | -162.46% | -62.25% | 77.97% | 306.78% |
| Announcement Date | 2/24/21 | 2/22/22 | 2/23/23 | 2/23/24 | 2/27/25 | - | - | - |
1CNY in Million
Estimates
Forecast Balance Sheet: Trina Solar Co., Ltd.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 6,265 | -1,898 | 4,989 | 23,721 | 25,828 | 33,884 | 35,927 |
| Change | - | - | -130.3% | 362.86% | 375.47% | 8.88% | 31.19% | 6.03% |
| Announcement Date | 2/24/21 | 2/22/22 | 2/23/23 | 2/23/24 | 2/27/25 | - | - | - |
1CNY in Million
Estimates
Cash Flow Forecast: Trina Solar Co., Ltd.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 4,687 | 6,427 | 8,076 | 18,791 | 13,142 | 5,615 | 5,816 | 5,782 |
| Change | - | 37.13% | 25.65% | 132.68% | -30.06% | -57.28% | 3.58% | -0.58% |
| Free Cash Flow (FCF) 1 | - | -5,329 | 1,161 | 5,205 | -5,134 | - | - | - |
| Change | - | - | 121.79% | 348.32% | -198.64% | 100% | - | - |
| Announcement Date | 2/24/21 | 2/22/22 | 2/23/23 | 2/23/24 | 2/27/25 | - | - | - |
1CNY in Million
Estimates
Forecast Financial Ratios: Trina Solar Co., Ltd.
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | - | 7.96% | 7.36% | 8.99% | 5.63% | 1.79% | 6.89% | 8.91% |
| EBIT Margin (%) | 4.95% | 5.32% | 4.99% | 6.13% | -4.69% | -8.43% | 2.77% | 4.25% |
| EBT Margin (%) | 4.86% | 5.35% | 4.89% | 5.76% | -4.56% | -8.98% | 0.62% | 3.27% |
| Net margin (%) | 4.17% | 4.22% | 4.35% | 4.88% | -4.3% | -8.1% | -1.51% | 2.68% |
| FCF margin (%) | - | -11.98% | 1.36% | 4.59% | -6.39% | - | - | - |
| FCF / Net Income (%) | - | -284.01% | 31.29% | 94.11% | 148.61% | - | - | - |
Profitability | ||||||||
| ROA | 3% | 3.44% | 4.55% | 5.26% | -2.81% | -5.53% | -1.53% | 2.17% |
| ROE | 8.94% | 11.79% | 16.16% | 18.97% | -11.9% | -24.14% | -4.47% | 10.66% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | - | 1.77x | - | 0.49x | 5.24x | 20.82x | 6x | 4.24x |
| Debt / Free cash flow | - | -1.18x | - | 0.96x | -4.62x | - | - | - |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 15.88% | 14.45% | 9.47% | 16.57% | 16.36% | 8.11% | 7.1% | 6.08% |
| CAPEX / EBITDA (%) | - | 181.55% | 128.75% | 184.25% | 290.42% | 452.7% | 103.04% | 68.21% |
| CAPEX / FCF (%) | - | -120.61% | 695.55% | 360.99% | -255.97% | - | - | - |
Items per share | ||||||||
| Cash flow per share 1 | 1.45 | 0.5295 | 4.25 | 11.04 | 3.674 | 4.05 | 4.38 | 4.885 |
| Change | - | -63.47% | 702.72% | 159.74% | -66.72% | 10.22% | 8.15% | 11.53% |
| Dividend per Share 1 | - | 0.23 | 0.478 | 0.633 | - | - | - | 0.2185 |
| Change | - | - | 107.83% | 32.43% | - | - | - | - |
| Book Value Per Share 1 | - | 8.25 | 12.12 | 14.22 | 12.29 | 9.06 | 8.785 | 9.815 |
| Change | - | - | 46.91% | 17.3% | -13.55% | -26.28% | -3.04% | 11.72% |
| EPS 1 | 0.64 | 0.91 | 1.73 | 2.42 | -1.59 | -2.53 | -0.5467 | 1.165 |
| Change | - | 42.19% | 90.11% | 39.88% | -165.7% | -59.11% | 78.39% | 313.18% |
| Nbr of stocks (in thousands) | 2,068,026 | 2,068,026 | 2,169,325 | 2,165,534 | 2,166,794 | 2,323,888 | 2,323,888 | 2,323,888 |
| Announcement Date | 2/24/21 | 2/22/22 | 2/23/23 | 2/23/24 | 2/27/25 | - | - | - |
1CNY
Estimates
| 2025 * | 2026 * | |
|---|---|---|
| P/E ratio | -7.81x | -36.1x |
| PBR | 2.18x | 2.25x |
| EV / Sales | 1.04x | 0.97x |
| Yield | - | - |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Sell
Buy

Mean consensus
BUY
Number of Analysts
8
Last Close Price
19.76CNY
Average target price
24.02CNY
Spread / Average Target
+21.57%
Quarterly revenue - Rate of surprise
- Stock Market
- Equities
- 688599 Stock
- Financials Trina Solar Co., Ltd.
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