# Canadian Solar Inc. Common Shares (ON) (CSIQ) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Technology Hardware, Storage & Peripherals. Price $13.22, market value $898 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Canadian Solar Inc. Common Shares (ON) reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.3×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -174.7%** (5-yr avg -78.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 16.4%**. Canadian Solar Inc. Common Shares (ON) keeps 16.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -0.6%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -1.9%**. The company reported a net loss over the last twelve months.
- **Return on equity: -3.7%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -0.3%**. Return on all capital, debt included, is -0.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -1.2%**. Each dollar of assets produces -1.2% of profit.

## Growth
- **Revenue growth (1 yr): -6.6%** (3-yr -9.2%/yr, 5-yr 10.0%/yr). Revenue fell 6.6% over the last year, against 10.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -563.0%**. Earnings per share fell 563.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 2.99**. Debt is 2.99 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Interest coverage: -0.1×**. Operating profit covers interest only -0.1×: fragile.
- **Altman Z-score: 0.69**. A Z-score of 0.69 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Canadian Solar Inc. Common Shares (ON) does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (12 analysts). 12 analysts cover Canadian Solar Inc. Common Shares (ON); the consensus is hold, with an average price target of $18.22 (+38% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 36.1%** (YTD -44.4%, 3-mo -23.0%). The shares are up 36.1% over twelve months including dividends.
- **From 52-week high: -61.8%** (25.2% above the low). Trading 62% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 2.56** (volatility 95%). Beta of 2.56 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CSIQ · Page: https://foliofundamentals.com/stocks/csiq

Not investment advice.