# DAQO New Energy Corp. American (DQ) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $12.31, market value $833 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). DAQO New Energy Corp. American 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: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 0.2×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 0.1×**. Enterprise value is 0.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -48.6%** (5-yr avg 0.2%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: -71.8%**. DAQO New Energy Corp. American keeps -71.8% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -93.9%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -25.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -3.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -10.7%**. Return on all capital, debt included, is -10.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.0%**. Each dollar of assets produces -4.0% of profit.

## Growth
- **Revenue growth (1 yr): -35.3%** (3-yr -47.5%/yr, 5-yr -0.3%/yr). Revenue fell 35.3% over the last year, against -0.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 51.0%**. Earnings per share rose 51.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.2×**. It would take 2.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 5.37** (quick 5.37). Current assets cover the next year's liabilities 5.37 times.
- **Altman Z-score: 2.27**. A Z-score of 2.27 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. DAQO New Energy Corp. American does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (7 analysts). 7 analysts cover DAQO New Energy Corp. American; the consensus is buy, with an average price target of $22.35 (+82% 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): -54.3%** (YTD -58.3%, 3-mo -24.6%). The shares are down 54.3% over twelve months including dividends.
- **From 52-week high: -66.4%** (8.2% above the low). Trading 66% 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): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 1.58** (volatility 64%). Beta of 1.58 against the S&P 500: the shares move much more than the market.

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

Not investment advice.