CSI Solar Co. Ltd. A (688472) Fair Value & Analysis
Technology · CN · Market cap 37.8B CNY (≈ $5.6B) · ISIN CNE100006KH6
What is CSI Solar Co. Ltd. A really worth?
Below-average quality, and trading another 30% above our fair value of ¥6.76.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 22 valuation models · updated 22 days ago
Share price −16.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (¥4.86 to ¥9.44) leaves room in how you read the outcome.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
39‑month range ¥8.27 – ¥23.75 · fair‑value band ¥4.86 – ¥9.44 · the ¥8.78 price screens above the ¥6.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
CSI Solar Co. Ltd. A (688472) currently trades at ¥8.78, while our model-based Fair Value estimate is ¥6.76, implying the stock looks roughly 29.9% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of ¥5.86 per share, and 5 of the 22 models we run sit above the ¥8.78 price. Bear case: the Growth DCF group reads lowest at ¥2.18, and 17 of the 22 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, CSI Solar Co. Ltd. A generated revenue of 38.8B CNY at a net margin of 3.8%. Revenue declined 17.0% year over year. It earns a return on equity of 6.6%. Net debt stands at 2.1B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥4.86 (bear case) to ¥9.44 (bull case); at ¥8.78, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 64% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −23%, 688472 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.2113 per share, which is 3.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 22 models by family
Widest divergence: Multiples (¥5.86) versus Growth DCF (¥2.18). Highest evidence: FCF DCF (79).
Notify me when 688472 reaches fair value
Put 688472 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 25
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
CSI Solar Co., Ltd. designs, processes, produces, and sells solar modules and photovoltaic systems in China and internationally. It operates through three segments: Components Business, Energy Business, and Energy Storage Business segments.
Full company description
CSI Solar Co., Ltd. designs, processes, produces, and sells solar modules and photovoltaic systems in China and internationally. It operates through three segments: Components Business, Energy Business, and Energy Storage Business segments. The company offers crystalline silicon photovoltaic modules, solar system kits, inverters, and solar energy and battery energy storage systems, as well as components, silicon rods, batteries, and battery cells. It also engages in solar power and battery energy storage projects; and construction of solar power plants. In addition, the company provides engineering, procurement, and construction services. It serves the utility, commercial, residential, and industrial sectors. The company was founded in 2009 and is headquartered in Suzhou, China. CSI Solar Co., Ltd. is a subsidiary of Canadian Solar Inc.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CSI Solar Co. Ltd. A reported revenue of 40.3B CNY in FY2025 versus 28.0B CNY in FY2021, a compound +9.5%/yr. Reported net income was 1.0B CNY in FY2025, compounding +132.1%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
688472 screens 30% overvalued. Compare with First Solar, Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Canadian Solar Benefits From Expanding Solar & Energy Storage Pipeline
- Is Canadian Solar Inc. (CSIQ) A Good Stock To Buy Now?
- Canadian Solar to Resume Direct Oversight of U.S. Manufacturing and Operations
Peer Group
Solar · 109 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Solar median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Nextpower Inc NXT | $103.67 | $69.61 | −33% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | −6% |
| Jinko Solar Co 688223 | ¥4.16 | ¥6.47 | +56% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | −38% |
| Hengdian Group 002056 | ¥21.53 | ¥31.86 | +48% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | −36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | −38% |
| JA Solar Technology Co 002459 | ¥6.81 | ¥3.32 | −51% |
Compare CSI Solar Co. Ltd. A with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is CSI Solar Co. Ltd. A (688472) overvalued or undervalued?
What is the fair value of 688472?
What is the quality score of 688472?
What is the revenue of CSI Solar Co. Ltd. A (688472)?
What is the net profit margin of 688472?
Does CSI Solar Co. Ltd. A pay a dividend?
Watch CSI Solar Co. Ltd. A in the live analysis
One click puts CSI Solar Co. Ltd. A on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.