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JinkoSolar Holding Company Limited (JKS)JKS
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Upturn Advisory Summary
11/20/2024: JKS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: -52.01% | Upturn Advisory Performance 2 | Avg. Invested days: 22 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/20/2024 |
Type: Stock | Today’s Advisory: WEAK BUY |
Historic Profit: -52.01% | Avg. Invested days: 22 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/20/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.03B USD |
Price to earnings Ratio 27.39 | 1Y Target Price 30.97 |
Dividends yield (FY) 14.41% | Basic EPS (TTM) 0.76 |
Volume (30-day avg) 1892494 | Beta 0.41 |
52 Weeks Range 15.80 - 37.36 | Updated Date 11/20/2024 |
Company Size Small-Cap Stock | Market Capitalization 1.03B USD | Price to earnings Ratio 27.39 | 1Y Target Price 30.97 |
Dividends yield (FY) 14.41% | Basic EPS (TTM) 0.76 | Volume (30-day avg) 1892494 | Beta 0.41 |
52 Weeks Range 15.80 - 37.36 | Updated Date 11/20/2024 |
Earnings Date
Report Date 2024-10-30 | When BeforeMarket |
Estimate -0.29 | Actual 0.09 |
Report Date 2024-10-30 | When BeforeMarket | Estimate -0.29 | Actual 0.09 |
Profitability
Profit Margin 0.54% | Operating Margin (TTM) 1.22% |
Management Effectiveness
Return on Assets (TTM) -0.05% | Return on Equity (TTM) 3.44% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 27.39 | Forward PE 5.36 |
Enterprise Value 4839824038 | Price to Sales(TTM) 0.01 |
Enterprise Value to Revenue 0.34 | Enterprise Value to EBITDA 11.07 |
Shares Outstanding 49311000 | Shares Floating 128189308 |
Percent Insiders 33.87 | Percent Institutions 25.97 |
Trailing PE 27.39 | Forward PE 5.36 | Enterprise Value 4839824038 | Price to Sales(TTM) 0.01 |
Enterprise Value to Revenue 0.34 | Enterprise Value to EBITDA 11.07 | Shares Outstanding 49311000 | Shares Floating 128189308 |
Percent Insiders 33.87 | Percent Institutions 25.97 |
Analyst Ratings
Rating 3.29 | Target Price 50.37 | Buy - |
Strong Buy 2 | Hold 3 | Sell 2 |
Strong Sell - |
Rating 3.29 | Target Price 50.37 | Buy - | Strong Buy 2 |
Hold 3 | Sell 2 | Strong Sell - |
AI Summarization
JinkoSolar Holding Company Limited: A Comprehensive Overview
Company Profile
Detailed history and background: Founded in 2006, JinkoSolar Holding Company Limited (JKS) rapidly rose as a major player in the global solar industry. Headquartered in Shangrao, China, the company boasts a vertically integrated manufacturing process and a global footprint spanning over 160 countries. Core business areas: JinkoSolar primarily focuses on four core areas:
- Manufacturing and selling solar modules: This includes silicon wafers, cells, and finished modules.
- Developing solar projects: JinkoSolar builds and operates utility-scale solar power plants worldwide.
- Providing EPC (engineering, procurement, and construction) services for solar projects: JinkoSolar offers comprehensive solutions for project development and execution.
- Investing in and partnering with solar companies: Expanding their reach and diversifying their portfolio. Leadership and Corporate Structure: The company is led by Xiande Li, who serves as Chairman and Chief Executive Officer. JinkoSolar operates under a Board of Directors, composed of independent and non-executive directors, overseeing the company's strategic direction and governance.
Top Products and Market Share
Top Products: JinkoSolar offers a diverse range of solar modules, encompassing various technologies like monocrystalline silicon, PERC (Passivated Emitter Rear Cell) modules, and bifacial modules. These modules cater to various applications, including residential, commercial, and utility-scale projects. Market Share: As of 2023, JinkoSolar is the world's largest solar module manufacturer, with a global market share exceeding 14%. In the United States specifically, the company holds a market share of approximately 10%, placing them among the top solar module suppliers. Product Comparison: JinkoSolar's modules consistently rank high in performance benchmarks and independent testing. They offer competitive efficiencies, energy yields, and reliability compared to competitors.
Total Addressable Market
The global solar power market, encompassing JinkoSolar's primary market, is expected to reach a staggering size of $223.44 billion by 2027, growing at a CAGR of 14.3% from 2023. This immense market size reflects the increasing demand for renewable energy solutions and government initiatives promoting sustainable development.
Financial Performance
Recent Financial Performance: In 2022, JinkoSolar reported revenue of $9.1 billion, a 54.2% year-on-year growth, and net income of $522.4 million, demonstrating strong profitability. The company also boasts healthy cash flow and a solid balance sheet. Financial Performance Comparison: JinkoSolar's year-over-year financial performance has been impressive, consistently surpassing industry averages and exceeding analyst expectations.
Dividends and Shareholder Returns
Dividend History: JinkoSolar has a history of paying dividends to its shareholders. In 2022, the company distributed a dividend of 0.22 per share. Shareholder Returns: Over the past five years (as of November 2023), JinkoSolar's stock has delivered total returns of approximately 40%. This outperforms the broader market indices and highlights the company's successful growth strategy and shareholder value creation.
Growth Trajectory
Historical Growth: JinkoSolar has experienced consistent and impressive growth over the last five to ten years, expanding its global production capacity and market presence significantly. Future Growth Projections: Analysts anticipate continued growth for JinkoSolar, with projected revenue exceeding $12 billion by 2025. This optimism stems from the company's continuous product innovation, strategic expansion plans, and favorable market trends. Recent Growth Initiatives: JinkoSolar is actively pursuing several initiatives to fuel future growth, including expanding into new markets like the Middle East and Africa, developing innovative solar technologies like tandem solar cells, and forging strategic partnerships to enhance its global reach and capabilities.
Market Dynamics
Industry Overview: The global solar industry is experiencing robust growth, driven by declining costs of solar energy, government support for renewable energy, and growing environmental consciousness. JinkoSolar's Positioning: JinkoSolar is strategically positioned within this dynamic industry as a leading manufacturer and developer of solar solutions. The company continuously adapts to market changes, invests in R&D, and expands its offerings to maintain its competitive edge.
Competitors
Key competitors include:
- Canadian Solar (CSIQ)
- SunPower Corporation (SPWR)
- First Solar (FSLR)
- Trina Solar Limited (TSL)
Competitive Advantages: JinkoSolar boasts several competitive advantages, including its large manufacturing capacity, cost-efficient production, and strong global brand recognition. The company also benefits from a vertically integrated structure and continuous technological innovation. Competitive Disadvantages: JinkoSolar faces challenges from competitors with established market positions and strong financial backing. The company also needs to navigate potential trade barriers and geopolitical risks affecting its global operations.
Potential Challenges and Opportunities
Challenges: JinkoSolar faces several key challenges:
- Supply chain disruptions and rising raw material costs.
- Intense competition in the solar module market.
- Dependence on government policies and regulations. Opportunities: Despite these challenges, JinkoSolar is positioned to capitalize on promising opportunities:
- Expanding into emerging markets with high solar energy potential.
- Developing and commercializing next-generation solar technologies.
- Entering into strategic partnerships and acquisitions to strengthen market share.
Recent Acquisitions (past 3 years)
- 2021: Acquisition of CSI Solar, a leading solar developer in the United States. This acquisition expanded JinkoSolar's foothold in
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About JinkoSolar Holding Company Limited
Exchange | NYSE | Headquaters | - |
IPO Launch date | 2010-05-14 | Co-Founder, CEO & Chairman of the Board | Mr. Xiande Li |
Sector | Technology | Website | https://www.jinkosolar.com |
Industry | Solar | Full time employees | 57397 |
Headquaters | - | ||
Co-Founder, CEO & Chairman of the Board | Mr. Xiande Li | ||
Website | https://www.jinkosolar.com | ||
Website | https://www.jinkosolar.com | ||
Full time employees | 57397 |
JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects. The company sells its products to distributors, project developers, system integrators, and manufacturers of solar power products under the JinkoSolar brand. As of December 31, 2023, it had an integrated annual capacity of 85 gigawatts (GW) for mono wafers; 90 GW for solar cells; and 110 GW for solar modules. It operates in China, the United States, Mexico, Australia, Japan, the United Arab Emirates, Turkey, Jordan, Vietnam, Egypt, Spain, Germany, and internationally. JinkoSolar Holding Co., Ltd. was founded in 2006 and is headquartered in Shangrao, the People's Republic of China.
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