TRINA SOLAR CO., LTD. |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 24.35 CNY | +0.62% |
|
+6.10% | -14.65% |
| Nov. 25 | Concord New Energy Unit Buys 323 Million Yuan Worth of Solar Modules from Trina Solar | MT |
| Nov. 12 | Crec Locks in Supply Deal with 2Gigawatt of Solar Modules with Trinasolar | CI |
Projected Income Statement: Trina Solar Co., Ltd.
| Fiscal Period: Diciembre | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 29,418 | 44,480 | 85,052 | 113,392 | 88,555 | 110,563 | 123,070 |
| Change | - | - | 51.2% | 91.21% | 33.32% | -21.9% | 24.85% | 11.31% |
| EBITDA 1 | - | - | 3,540 | 6,273 | 10,199 | 5,952 | 9,194 | 11,356 |
| Change | - | - | - | 77.19% | 62.59% | -41.64% | 54.46% | 23.52% |
| EBIT 1 | - | 1,433 | 2,261 | 4,078 | 6,955 | 2,204 | 4,214 | 5,590 |
| Change | - | - | 57.73% | 80.35% | 70.56% | -68.32% | 91.24% | 32.65% |
| Interest Paid 1 | - | - | -289.1 | -272.1 | -379.9 | -1,259 | -1,214 | -1,308 |
| Earnings before Tax (EBT) 1 | - | 1,407 | 2,274 | 3,984 | 6,533 | 905.7 | 4,838 | 5,607 |
| Change | - | - | 61.61% | 75.23% | 63.97% | -86.14% | 434.21% | 15.88% |
| Net income 1 | 640.6 | 1,229 | 1,804 | 3,680 | 5,531 | 819 | 4,655 | 5,213 |
| Change | - | 91.9% | 46.77% | 103.97% | 50.31% | -85.19% | 468.32% | 12.01% |
| Announcement Date | 5/20/20 | 2/24/21 | 2/22/22 | 2/23/23 | 2/23/24 | - | - | - |
1CNY in Million
Estimates
Forecast Balance Sheet: Trina Solar Co., Ltd.
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 6,265 | -1,898 | 4,989 | 13,512 | 11,985 | 10,390 |
| Change | - | - | - | -130.3% | 162.86% | 170.83% | -11.3% | -13.31% |
| Announcement Date | 5/20/20 | 2/24/21 | 2/22/22 | 2/23/23 | 2/23/24 | - | - | - |
1CNY in Million
Estimates
Cash Flow Forecast: Trina Solar Co., Ltd.
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| CAPEX 1 | 6,427 | 8,076 | 18,791 | 14,266 | 5,419 | 5,002 |
| Change | - | 25.65% | 132.68% | -24.08% | -62.01% | -7.71% |
| Free Cash Flow (FCF) 1 | -5,329 | 1,161 | 5,205 | -11,432 | 1,562 | 2,263 |
| Change | - | -121.79% | 348.32% | -319.62% | -113.66% | 44.88% |
| Announcement Date | 2/22/22 | 2/23/23 | 2/23/24 | - | - | - |
1CNY in Million
Estimates
Forecast Financial Ratios: Trina Solar Co., Ltd.
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | - | - | 7.96% | 7.38% | 8.99% | 6.72% | 8.32% | 9.23% |
| EBIT Margin (%) | - | 4.87% | 5.08% | 4.79% | 6.13% | 2.49% | 3.81% | 4.54% |
| EBT Margin (%) | - | 4.78% | 5.11% | 4.68% | 5.76% | 1.02% | 4.38% | 4.56% |
| Net margin (%) | - | 4.18% | 4.06% | 4.33% | 4.88% | 0.92% | 4.21% | 4.24% |
| FCF margin (%) | - | - | -11.98% | 1.37% | 4.59% | -12.91% | 1.41% | 1.84% |
| FCF / Net Income (%) | - | - | -295.37% | 31.55% | 94.11% | -1,395.84% | 33.56% | 43.41% |
Profitability | ||||||||
| ROA | - | 3% | 3.44% | 4.55% | 5.26% | 0.8% | 1.95% | 2.48% |
| ROE | - | 8.94% | 11.27% | 16.16% | 18.97% | 2.41% | 9.94% | 12.49% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | - | - | 1.77x | - | 0.49x | 2.27x | 1.3x | 0.91x |
| Debt / Free cash flow | - | - | -1.18x | - | 0.96x | -1.18x | 7.67x | 4.59x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | - | - | 14.45% | 9.5% | 16.57% | 16.11% | 4.9% | 4.06% |
| CAPEX / EBITDA (%) | - | - | 181.55% | 128.75% | 184.25% | 239.67% | 58.94% | 44.04% |
| CAPEX / FCF (%) | - | - | -120.61% | 695.55% | 360.99% | -124.79% | 346.94% | 221.01% |
Items per share | ||||||||
| Cash flow per share 1 | - | 1.45 | 0.5295 | 4.25 | 11.04 | 1.02 | 5.248 | 6.78 |
| Change | - | - | -63.47% | 702.72% | 159.74% | -90.76% | 414.51% | 29.19% |
| Dividend per Share 1 | - | - | 0.23 | 0.478 | 0.633 | 0.0531 | 0.1812 | 0.3208 |
| Change | - | - | - | 107.83% | 32.43% | -91.61% | 241.14% | 77.04% |
| Book Value Per Share 1 | - | - | 8.09 | 12.12 | 14.22 | 13.85 | 15.76 | 16.56 |
| Change | - | - | - | 49.82% | 17.3% | -2.6% | 13.85% | 5.07% |
| EPS 1 | 0.36 | 0.64 | 0.87 | 1.71 | 2.42 | 0.366 | 1.903 | 2.16 |
| Change | - | 77.78% | 35.94% | 96.55% | 41.52% | -84.87% | 419.83% | 13.52% |
| Nbr of stocks (in thousands) | - | 2,068,026 | 2,068,026 | 2,169,325 | 2,165,534 | 2,166,794 | 2,166,794 | 2,166,794 |
| Announcement Date | 5/20/20 | 2/24/21 | 2/22/22 | 2/23/23 | 2/23/24 | - | - | - |
1CNY
Estimates
| 2024 * | 2025 * | |
|---|---|---|
| P/E ratio | 66.5x | 12.8x |
| PBR | 1.76x | 1.54x |
| EV / Sales | 0.75x | 0.59x |
| Yield | 0.22% | 0.74% |
More valuation ratios
* Estimated data
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
24.35CNY
Average target price
22.77CNY
Spread / Average Target
-6.49%
Quarterly revenue - Rate of surprise
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- Financials Trina Solar Co., Ltd.