Company Valuation: Trina Solar Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 47,875 163,167 138,316 61,783 41,819 48,197 48,197 -
Change - 240.82% -15.23% -55.33% -32.31% 15.25% 0% -
Enterprise Value (EV) 1 47,875 169,433 136,418 66,772 65,540 74,025 82,081 84,124
Change - 253.91% -19.49% -51.05% -1.85% 12.95% 10.88% 2.49%
P/E ratio 36.2x 86.7x 36.9x 11.8x -12.1x -8.89x 31.4x 15.6x
PBR - 9.56x 5.26x 2.01x 1.57x 2.09x 2.02x 1.81x
PEG - 2.1x 0.4x 0.3x 0x -0.2x -0x 0x
Capitalization / Revenue 1.62x 3.67x 1.62x 0.54x 0.52x 0.69x 0.59x 0.5x
EV / Revenue 1.62x 3.81x 1.6x 0.59x 0.82x 1.06x 1.01x 0.87x
EV / EBITDA - 47.9x 21.7x 6.55x 14.5x 34.8x 12.5x 7.68x
EV / EBIT 32.8x 71.6x 32.1x 9.6x -17.4x -14.1x 36.2x 20.8x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.23 0.478 0.633 - - 0.11 0.2777
Rate of return - 0.29% 0.75% 2.22% - - 0.53% 1.34%
EPS 2 0.64 0.91 1.73 2.42 -1.59 -2.334 0.66 1.329
Distribution rate - 25.3% 27.6% 26.2% - - 16.7% 20.9%
Net sales 1 29,505 44,490 85,248 113,392 80,334 69,660 81,219 97,103
EBITDA 1 - 3,540 6,273 10,199 4,525 2,129 6,590 10,948
EBIT 1 1,460 2,367 4,250 6,955 -3,766 -5,258 2,268 4,044
Net income 1 1,232 1,876 3,711 5,531 -3,455 -5,084 1,434 2,895
Net Debt 1 - 6,265 -1,898 4,989 23,721 25,828 33,884 35,927
Reference price 2 23.15 78.90 63.76 28.53 19.30 20.74 20.74 20.74
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 -
Announcement Date 2/24/21 2/22/22 2/23/23 2/23/24 2/27/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-8.89x1.06x34.77x-.--% 6.95B
41.75x2.83x19.9x1.05% 154B
19.46x2.95x14.47x1% 42.75B
44.63x1.41x18.04x1.18% 7.5B
91.77x - - 0.23% 2.76B
22.02x - - 0.93% 1.92B
61.89x1.75x11.71x-.--% 1.81B
Average 38.95x 2.00x 19.78x 0.63% 31.04B
Weighted average by Cap. 36.47x 2.74x 19.16x 0.99%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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