Cash flow itself is an important item on the income statement. A strong weekly advance (especially when accompanied by increased volume) is a sought after metric for putting potential momentum stocks onto one's radar. The Zacks Consensus Estimate for 2021 earnings has moved down 41.9% to $2.25 in the past 60 days. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. These are not the returns of actual portfolios of stocks. Canadian Solar currently has a Zacks Rank #4 (Sell). Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. When comparing this ratio to different stocks in different industries, take note that some businesses are more capital intensive than others. Historically, the top 50% have outperformed the bottom 50% by a factor of more than 2 to 1. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. In general, a lower number or multiple is usually considered better that a higher one. Canadian Solar operates through eight wholly-owned manufacturing subsidiaries. Zacks Ranks stocks can, and often do, change throughout the month. Value investors will typically look for stocks with P/E ratios under 20, while growth investors and momentum investors are often willing to pay much more. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. That does not mean that all companies with large growth rates will have a favorable Growth Score. So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. ET on Zacks.com Canadian Solar (CSIQ) Stock Sinks As Market Gains: What You Should Know EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. In this case, it's the cash flow growth that's being looked at. A few days back, Canadian Solar announced that Recurrent Energy completed the sale of the 144 MWac Pflugerville Solar project to Duke Energy Renewables, a subsidiary of Duke Energy Corp. (DUK Quick QuoteDUK - Free Report) . Canadian Solar. In October 2020, Sunrun (RUN Quick QuoteRUN - Free Report) acquired Vivint Solar, creating a company valuation of $22 billion. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. A 'good' number would usually fall within the range of 1.5 to 3. A P/B of 2 means it's selling at 2 times its book value. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Apart from offering benefits like job opportunities as well as indirect economic benefits that accompany solar project development like increased local spending in the service and construction industries, the Slate project is expected to boost tax revenues for Kings County. Want the latest recommendations from Zacks Investment Research? Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration. A D/E ratio of 1 means its debt is equivalent to its common equity. Canadian Solar currently has a Zacks Rank #4 (Sell). It's used by investors as a measure of financial health. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. Visit www.zacksdata.com to get our data and content for your mobile app or website. Volume is a useful item in many ways. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. To this end, it is imperative to mention that the Recurrent Energy team has successfully expanded the company’s storage pipeline in the United States to more than 4 gigawatts per hour (GWh). See rankings and related performance below. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. It's another great way to determine whether a company is undervalued or overvalued with the denominator being cash flow. The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change. Zacks Style Scores Education - Learn more about the Zacks Style Scores. Historically, the top 50% have outperformed the bottom 50% by a factor of more than 2 to 1. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. These returns cover a period from January 1, 1988 through January 4, 2021. Seeing how a company makes use of its equity, and the return generated on it, is an important measure to look at. One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. As the name suggests, it's calculated as sales divided by assets. Seeing a stock's EPS change over 1 week is important. Dec-10-20 12:56PM : 5 of 2020's Hottest Value Stocks. Zacks Equity Research This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Canadian Solar's (CSIQ) Subsidiary Sells 144MW Solar Project: 36: Zacks: 08.01. As they say, 'price follows volume'. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. That means these items are added back into the net income to produce this earnings number. The monthly returns are then compounded to arrive at the annual return. NASDAQ data is at least 15 minutes delayed. As stated by Dr. Shawn Qu, chairman and CEO of Canadian Solar, solar-plus-storage installations in the United States are expected to have nearly tripled in 2020 and are projected to more than double in 2021. The Price to Cash Flow ratio or P/CF is price divided by its cash flow per share. Ontario, Canada-based Canadian Solar Inc. (CSIQ) is a vertically integrated manufacturer of silicon ingots, wafers, cells, solar modules (panels) and custom-designed solar power applications. Canadian Solar currently has a Zacks Rank #4 (Sell). A value greater than 1, in general, is not as good (overvalued to its growth rate). Canadian Solar Inc. CSIQ recently completed the sale of a Japan-based solar project, Gunma Aramaki, for $64 million. No doubt such improved clean energy trends in the State of California offer solar projects like Slate project ample growth opportunities through electricity supply. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. The global solar market, which suffered a setback following the COVID-19 outbreak in March, is steadily recovering and approaching growth trajectory. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. Subsequently, in Nov 2006, the company came out with its maiden public offering.Canadian Solar’s production facilities in Canada, China, Indonesia, Vietnam and Brazil are structured for the manufacturing of ingots, wafers, solar cells, solar PV modules, solar power systems and specialized solar products. NYSE and AMEX data is at least 20 minutes delayed. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. Visit performance for information about the performance numbers displayed above. Once again, cash flow is net income plus depreciation and other non-cash charges. Sale proceeds from the aforementioned transaction will boost Canadian Solar’s top line in the first quarter of 2021. The company was incorporated in Canada in 2001. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. If a stock's EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. In short, this is how much a company is worth. And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. We use cookies to understand how you use our site and to improve your experience. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. are strong. Similarly, Canadian Solar CSIQ has soared 59% over the last 3-months but from January 2016 to January 2020, the shares were actually down 7.2%. The technique has proven to be very useful for finding positive surprises. Canadian Solar Inc.’s (CSIQ Quick QuoteCSIQ - Free Report) subsidiary, Recurrent Energy recently completed the divestiture of its Slate project in California to Goldman Sachs Renewable Power. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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