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CSI Solar is a leading Chinese solar module producer, ranking sixth globally in solar module shipments in 2023. The company's products are available in over 160 countries and regions. CSI operates a vertically integrated production process, encompassing solar wafers, cells, and module production.
2009
n/a
LTM Revenue $7.0B
LTM EBITDA $946M
$5.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
CSI Solar has a last 12-month revenue of $7.0B and a last 12-month EBITDA of $946M.
In the most recent fiscal year, CSI Solar achieved revenue of $7.0B and an EBITDA of $798M.
CSI Solar expects next 12-month revenue of XXX and NTM EBITDA of XXX
See CSI Solar valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $6.5B | $7.0B | $6.8B | $7.0B | XXX |
| Gross Profit | $356M | $744M | $984M | XXX | XXX |
| Gross Margin | 5% | 11% | 14% | XXX | XXX |
| EBITDA | $626M | $798M | $909M | $946M | XXX |
| EBITDA Margin | 10% | 11% | 13% | 14% | XXX |
| Net Profit | $4.8M | $296M | $399M | XXX | XXX |
| Net Margin | 0% | 4% | 6% | XXX | XXX |
| Net Debt | n/a | n/a | n/a | XXX | XXX |
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As of February 21, 2025, CSI Solar's stock price is CNY 10 (or $1).
CSI Solar has current market cap of CNY 38.1B (or $5.2B), and EV of CNY 40.1B (or $5.5B).
See CSI Solar trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.5B | $5.2B | XXX | XXX | XXX | XXX | $0.11 |
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Sign UpAs of February 21, 2025, CSI Solar has market cap of $5.2B and EV of $5.5B.
CSI Solar's trades at 0.8x LTM EV/Revenue multiple, and 5.8x LTM EBITDA.
Analysts estimate CSI Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for CSI Solar and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.5B | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 6.1x | XXX | XXX | XXX |
| P/E | 13.2x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | -62.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCSI Solar's NTM/LTM revenue growth is 19%
CSI Solar's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged n/a for the same period.
Over next 12 months, CSI Solar's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate CSI Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for CSI Solar and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 33% | XXX | XXX | XXX | XXX |
| Revenue per Employee | n/a | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 6% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| SBM Offshore | XXX | XXX | XXX | XXX | XXX | XXX |
| Friedrich Vorwerk Group | XXX | XXX | XXX | XXX | XXX | XXX |
| GE Vernova T&D India | XXX | XXX | XXX | XXX | XXX | XXX |
| Suzlon Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Inox Wind | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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CSI Solar acquired XXX companies to date.
Last acquisition by CSI Solar was XXXXXXXX, XXXXX XXXXX XXXXXX . CSI Solar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was CSI Solar founded? | CSI Solar was founded in 2009. |
| Where is CSI Solar headquartered? | CSI Solar is headquartered in China. |
| Who is the CEO of CSI Solar? | CSI Solar's CEO is Mr. Yan Zhuang. |
| Is CSI Solar publicy listed? | Yes, CSI Solar is a public company listed on SHG. |
| What is the stock symbol of CSI Solar? | CSI Solar trades under 688472 ticker. |
| When did CSI Solar go public? | CSI Solar went public in 2023. |
| Who are competitors of CSI Solar? | Similar companies to CSI Solar include e.g. SBM Offshore, Friedrich Vorwerk Group, GE Vernova T&D India, Suzlon Energy. |
| What is the current market cap of CSI Solar? | CSI Solar's current market cap is $5.2B |
| What is the current revenue of CSI Solar? | CSI Solar's last 12-month revenue is $7.0B. |
| What is the current EBITDA of CSI Solar? | CSI Solar's last 12-month EBITDA is $946M. |
| What is the current EV/Revenue multiple of CSI Solar? | Current revenue multiple of CSI Solar is 0.8x. |
| What is the current EV/EBITDA multiple of CSI Solar? | Current EBITDA multiple of CSI Solar is 5.8x. |
| What is the current revenue growth of CSI Solar? | CSI Solar revenue growth between 2023 and 2024 was -4%. |
| Is CSI Solar profitable? | Yes, CSI Solar is EBITDA-positive (as of the last 12 months). |
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