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$CSIQ
Nerd time. 🧵
2023 EPS projection.☀️
Spoiler alert:
Modest projection gives $6.50-$7.00 EPS.
Nerd time. 🧵
2023 EPS projection.☀️
Spoiler alert:
Modest projection gives $6.50-$7.00 EPS.
$CSIQ 2/n
1Q23 EPS was $1.19 on $1.7bn revenue at 18.7% gross margin.
I've seen projection of $2.5bn revenue at 20.5% gross margin.
It would be reasonable to expect that most additional gross margin translates to net profit.
Net profit margin in 1Q was 4.94%.
1Q23 EPS was $1.19 on $1.7bn revenue at 18.7% gross margin.
I've seen projection of $2.5bn revenue at 20.5% gross margin.
It would be reasonable to expect that most additional gross margin translates to net profit.
Net profit margin in 1Q was 4.94%.
$CSIQ 3/n
Let's be cautious and say that 2Q net profit margin goes to 6% (rather than 6.64%).
In 1Q, CSIQ owned 80% of CSI Solar.
Now the share is likely at 62% (and now they have around $1 bn extra in cash).
Let's be cautious and say that 2Q net profit margin goes to 6% (rather than 6.64%).
In 1Q, CSIQ owned 80% of CSI Solar.
Now the share is likely at 62% (and now they have around $1 bn extra in cash).
