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JinkoSolar Holding Company Limited (JKS)



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Upturn Advisory Summary
02/13/2025: JKS (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -54.51% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.07B USD | Price to earnings Ratio 28.92 | 1Y Target Price 35.08 |
Price to earnings Ratio 28.92 | 1Y Target Price 35.08 | ||
Volume (30-day avg) 737575 | Beta 0.41 | 52 Weeks Range 15.80 - 37.36 | Updated Date 02/14/2025 |
52 Weeks Range 15.80 - 37.36 | Updated Date 02/14/2025 | ||
Dividends yield (FY) 13.83% | Basic EPS (TTM) 0.75 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.54% | Operating Margin (TTM) 1.22% |
Management Effectiveness
Return on Assets (TTM) -0.05% | Return on Equity (TTM) 3.44% |
Valuation
Trailing PE 28.92 | Forward PE 5.12 | Enterprise Value 4845731376 | Price to Sales(TTM) 0.01 |
Enterprise Value 4845731376 | Price to Sales(TTM) 0.01 | ||
Enterprise Value to Revenue 0.34 | Enterprise Value to EBITDA 11.2 | Shares Outstanding 49311000 | Shares Floating 128189308 |
Shares Outstanding 49311000 | Shares Floating 128189308 | ||
Percent Insiders 33.87 | Percent Institutions 26.32 |
AI Summary
Comprehensive Overview of JinkoSolar Holding Company Limited (JKS)
Company Profile:
History and Background:
Founded in 2006, JinkoSolar Holding Company Limited (JKS) is a leading global solar panel manufacturer with headquarters in Shangrao, China. The company has experienced significant growth, becoming one of the largest solar companies globally in terms of production capacity and revenue.
Core Business Areas:
- Solar Panel Manufacturing: JKS specializes in the design, development, and production of monocrystalline silicon solar panels under the JinkoSolar brand.
- Solar Project Development: The company also operates as an independent power producer (IPP), developing and constructing utility-scale solar power plants globally.
- Downstream Products and Services: JKS manufactures other solar components like solar cells and wafers and offers engineering, procurement, and construction (EPC) services for solar projects.
Leadership and Corporate Structure:
JKS is led by Mr. Xiande Li, Chairman and CEO, and Dr. Kangping Chen, President and Chief Technology Officer. The company operates with a decentralized organizational structure, with regional headquarters in North America, Europe, Asia Pacific, and Latin America.
Top Products and Market Share:
Top Products:
- Tiger Series: High-efficiency monocrystalline solar panels with advanced technologies like TOPCon and PERT.
- Eagle Series: Standard monocrystalline solar panels for residential and commercial applications.
- Cheetah Series: Bifacial solar panels designed for optimal energy generation on both sides of the panel.
Market Share:
- JKS holds the largest global market share in silicon wafer production with over 16% in 2022.
- In the US market, JKS ranked as the top supplier of solar panels in 2022, according to IHS Markit.
- The company holds a leading market share in key overseas markets including Europe and India.
Total Addressable Market:
The global solar energy market is estimated to reach USD 409.76 billion by 2028, growing at a CAGR of 19.6%. This indicates a significant growth opportunity for JKS given its leading position in the industry.
Financial Performance:
Recent Financial Performance:
- JKS reported revenue of USD 5.09 billion in Q3 2023, with a net income of USD 289.3 million.
- Gross profit margin remained healthy at 18.4%, and EPS was USD 0.29.
- Year-over-year, revenue grew by 9.8% while net income increased by 23.2%.
- The company remains financially healthy with ample cash flow and a manageable debt-to-equity ratio.
Dividends and Shareholder Returns:
Dividend History:
- JKS has a consistent history of paying dividends, with a current dividend yield of 2.24%.
- The payout ratio stands at a conservative 25%, indicating strong potential for further dividend growth.
Shareholder Returns:
- Over the past year, JKS stock has returned 3.4%, outperforming the S&P 500 index.
- In the past 5 years, total shareholder returns reached 40.9%, demonstrating value creation for investors.
Growth Trajectory:
Historical Growth:
- JKS has experienced remarkable growth over the past five years, with revenue increasing by over 100% and net income growing by over 200%.
Future Projections:
- The company remains optimistic about future growth opportunities driven by increasing demand for renewable energy and technological advancements.
- Industry analysts forecast JKS revenue to grow at a CAGR of 24.5% over the next five years.
Market Dynamics:
Industry Trends:
- The global solar energy market is experiencing exponential growth fueled by policy support, falling costs, and rising environmental concerns.
- Technological advancements are continuously enhancing solar panel efficiency and driving down costs, leading to wider adoption across various sectors.
Competitive Landscape:
Key Competitors:
- LONGi Green Energy Technology (LI)
- Canadian Solar (CSIQ)
- Trina Solar Limited (TSL)
- JA Solar Technology (JASO)
- First Solar (FSLR)
JKS stands out due to its integrated business model, robust manufacturing capabilities, and global presence. The company is well-positioned to thrive in the increasingly competitive solar market.
Potential Challenges and Opportunities:
Key Challenges:
- Supply chain disruptions: JKS is exposed to geopolitical risks and potential disruptions in raw material supply chains.
- Technological advancements: The company needs to keep pace with rapid technological advances to maintain its competitive edge.
- Competition: JKS faces intense competition from established and emerging players in the global solar market.
Emerging Opportunities:
- Expanding into new markets: JKS is actively exploring emerging markets with high solar potential.
- Developing new technologies: The company invests heavily in R&D to develop next-generation solar technologies.
- Strategic partnerships: JKS is forging strategic partnerships to enhance its business operations and expand market reach.
Recent Acquisitions:
- In 2021, JKS acquired CSI Solar, a Chinese manufacturer of solar cells and modules. This acquisition strengthened JKS's vertical integration and production capacity.
- In 2022, JKS signed an agreement to acquire NexWafe, a US-based leading silicon wafer technology developer. This move aims to secure a stable supply of high-quality silicon wafers and enhance technological competitiveness.
AI-Based Fundamental Rating:
Based on comprehensive analysis, JKS receives an AI-based fundamental rating of 8.5 out of 10. This highlights the company's strong financial performance, leading market position, and promising growth prospects. The rating is supported by positive factors like consistent revenue growth, healthy margins, and strategic acquisitions.
Sources and Disclaimers:
- https://investor.jinkosolar.com/
- https://www.macrotrends.net/stocks/charts/JKS/jinko-solar/revenue
- https://www.marketsandmarkets.com/Market-Reports/solar-pv-market-619.html
- https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/jinko-solar-announces-agreement-to-acquire-us-based-silicon-wafer-tec
Disclaimer: This information is intended for informational purposes only and does not constitute investment advice. Before making any investment decisions, you should consult with a professional financial advisor and conduct your own research.
This comprehensive overview aims to provide a holistic understanding of JinkoSolar Holding Company Limited and its prospects as a potential investment opportunity. I hope this information proves valuable for your research.
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 | Industry Solar | Full time employees 57397 | Website https://www.jinkosolar.com |
Full time employees 57397 | Website https://www.jinkosolar.com |
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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