First Solar, Inc. Financial Ratios — FSLR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	-1.11	-2.66	8.65	8.34	11.26	-7.73	-3.21	2.8	-2.23	7.5	8.17	-0.75	13.27	17.62	17.45
Return on Assets (%)	-0.78	-1.59	5.3	5.82	8.45	-5.89	-2.42	2.06	-1.57	5.45	6.45	-0.56	8.93	11.49	12.01
Return on Capital (%)	- -	- -	7.93	8.01	10.87	- -	-3.41	3.02	- -	- -	7.76	-1.72	12.6	16.59	16.63
Return on Invested Capital (%)	- -	- -	9.48	7.89	12.65	- -	-3.29	0.69	- -	- -	5.78	23.05	12.25	15.83	16.2
Gross Margin (%)	35.13	25.32	26.12	24.33	27.54	21.98	18.66	17.48	17.93	25.1	24.97	2.67	39.19	44.17	40.62
EBITDA Margin (%)	22.42	20.61	20.9	19.69	24.02	16.58	11.23	7.61	13.28	20.52	23.92	-0.42	35.98	43.2	40.73
Operating Margin (%)	13.92	12.81	13.82	12.44	17.75	8.63	7.31	1.79	6.57	11.93	15.03	-10.72	26.7	33.13	30.59
Incremental Operating Margin (%)	-179.5	7.72	-43.72	-43.28	42.71	39.69	-96.87	25.09	19.67	-34.76	54.69	- -	166.85	57.2	20.05
Pretax Margin (%)	-1.94	-1.18	11.51	12.74	17.83	-18.5	6.87	5.04	-3.92	10.81	19.57	0.33	26.86	33.43	30.29
Profit Margin (%)	-1.43	-2.86	10.6	11.68	14.43	-14.33	-5.63	6.43	-3.75	14.69	16.03	-1.69	25.03	30.72	29.28
Net Income to Common Margin (%)	-1.43	-2.86	10.6	11.68	14.43	-14.33	-5.63	6.43	-3.75	14.69	16.03	-1.69	25.03	30.72	29.28
Effective Tax Rate (%)	- -	- -	7.9	7.22	4.41	- -	184.05	3.04	- -	- -	18.08	613.68	6.79	8.13	3.33
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	-1.11	-2.66	8.65	8.34	11.26	-7.73	-3.21	2.8	-2.23	7.5	8.17	-0.75	13.27	17.62	17.45

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	664	563	223	213	289	215	437	467	595	482	399	234	624	719	655
ST Debt	45	62	61	51	38	28	13	6	29	56	17	9	107	250	234
LT Debt	619	500	163	162	251	187	424	461	567	427	382	225	518	469	421
Total Debt/EBITDA	1.07	0.81	0.32	0.32	0.29	0.45	1.32	2.73	1.46	0.87	0.57	-21.24	0.52	0.4	0.31
Net Debt/EBITDA	0.09	-0.49	-1.59	-1.9	-0.85	-2.35	-5.54	-5.48	-2.17	-1.7	-1.73	117.66	-1.16	-0.56	-1.08
Total Debt/EBIT	1.72	1.3	0.49	0.51	0.4	0.86	2.03	11.64	2.96	1.49	0.91	-0.83	0.7	0.52	0.41
Net Debt/EBIT	0.15	-0.78	-2.41	-3.01	-1.15	-4.52	-8.52	-23.35	-4.38	-2.93	-2.76	4.62	-1.57	-0.73	-1.44
EBITDA to Interest Expense	6,202.98	49.99	367.13	336.93	141.65	23.45	12.82	6.59	15.03	23.15	53.36	-0.9	92.09	46.75	48.18
EBITDA-CapEx/Interest Expense	-1,115.16	22.68	217.14	206.99	117.78	12.28	-7.14	-21.95	-9.68	5.82	12.14	-74.82	-14.87	7.49	28.47
EBIT to Interest Expense	3,850.67	31.07	242.73	212.92	104.68	12.2	8.35	1.55	7.43	13.46	33.53	-22.96	68.34	35.86	36.18
Interest Expense	- -	14	2	2	7	21	26	26	27	24	13	12	13	39	44
Common Equity/Total Assets	63.07	56.79	65.42	74.27	75.84	76.47	74.28	73.19	67.82	77.66	80.39	70.73	64.52	65.8	71.6
Long-Term Debt/Equity (%)	16.99	13.87	3.61	3.25	4.53	3.58	8.31	8.85	11.12	7.73	6.41	3.85	7.74	5.88	4.42
Long-Term Debt/Capital (%)	14.37	12	3.44	3.11	4.31	3.44	7.66	8.12	9.96	7.11	6.01	3.71	7.08	5.39	4.13
Long-Term Debt/Total Assets (%)	10.72	7.88	2.36	2.41	3.44	2.74	6.17	6.48	7.54	6	5.15	2.73	5	3.87	3.16
Total Debt/Equity (%)	18.21	15.6	4.96	4.28	5.22	4.12	8.57	8.96	11.68	8.74	6.69	4.01	9.34	9.01	6.87
Total Debt/Capital (%)	15.41	13.5	4.72	4.1	4.96	3.96	7.89	8.22	10.46	8.03	6.27	3.86	8.54	8.27	6.43
Total Debt/Total Assets (%)	11.49	8.86	3.24	3.18	3.96	3.15	6.37	6.55	7.92	6.78	5.38	2.84	6.02	5.93	4.92
Net Debt to Equity	1.59	-9.39	-24.47	-25.41	-15.09	-21.7	-35.92	-17.97	-17.29	-17.17	-20.32	-22.22	-20.74	-12.68	-24.17
Net Debt/Capital (%)	1.57	-10.37	-32.39	-34.08	-17.78	-27.71	-56.06	-21.91	-20.3	-19.84	-24.67	-28.26	-25.85	-14.3	-31.19
EBITDA	620	694	692	668	988	482	330	171	407	556	699	-11	1,194	1,817	2,126
EBITDA-CapEx	-112	315	409	410	822	252	-184	-569	-262	140	159	-915	-193	291	1,256
Operating Income (Loss)	385	432	457	422	730	251	215	40	201	323	439	-281	886	1,394	1,597

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.69	0.91	1.11	1.99	1.9	2.15	4.6	3.01	1.64	2.06	2.51	2.48	1.61	0.86	1.27
Current Ratio	2.68	2.57	2.39	3.08	3.48	4.17	5.89	4.57	2.73	3.56	4.39	3.65	3.55	2.45	2.67
Quick Ratio	1.56	1.79	1.53	2.21	2.54	2.72	5.26	3.74	2.18	2.41	3.14	2.8	2.69	1.73	2.13
CFO/Avg Current Liab	-0.05	0.73	0.64	0.57	-0.33	0.22	1.72	-0.44	0.16	0.03	0.3	0.99	0.51	0.72	0.95
Common Equity/Total Assets	63.07	56.79	65.42	74.27	75.84	76.47	74.28	73.19	67.82	77.66	80.39	70.73	64.52	65.8	71.6
Long-Term Debt/Equity (%)	16.99	13.87	3.61	3.25	4.53	3.58	8.31	8.85	11.12	7.73	6.41	3.85	7.74	5.88	4.42
Long-Term Debt/Capital (%)	14.37	12	3.44	3.11	4.31	3.44	7.66	8.12	9.96	7.11	6.01	3.71	7.08	5.39	4.13
Long-Term Debt/Total Assets (%)	10.72	7.88	2.36	2.41	3.44	2.74	6.17	6.48	7.54	6	5.15	2.73	5	3.87	3.16
Total Debt/Equity (%)	18.21	15.6	4.96	4.28	5.22	4.12	8.57	8.96	11.68	8.74	6.69	4.01	9.34	9.01	6.87
Total Debt/Capital (%)	15.41	13.5	4.72	4.1	4.96	3.96	7.89	8.22	10.46	8.03	6.27	3.86	8.54	8.27	6.43
Total Debt/Total Assets (%)	11.49	8.86	3.24	3.18	3.96	3.15	6.37	6.55	7.92	6.78	5.38	2.84	6.02	5.93	4.92
CFO/Total Liabilities	-1.57	27.79	35.97	42.53	-18.4	12.87	75.92	-17.12	7.2	2.34	16.34	36.16	16.38	29.37	54.37
CFO/CapEx	-0.05	2.01	3.03	2.86	-1.95	0.9	2.61	-0.44	0.26	0.09	0.44	0.97	0.43	0.8	2.36
Altman's Z-Score	2.27	2.02	2.88	3.15	4.15	2.83	3.98	2.74	2.77	5.41	5.43	5.11	4.54	4.37	6.3

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	8.96	7.8	9.59	24.95	12.93	7.57	12.29	13.2	10.15	7.32	8.41	6.95	6.74	4.38	4.09
Days Sales Outstanding	40.75	46.82	38.05	14.63	28.23	48.21	29.69	27.66	35.95	49.89	43.42	52.52	54.17	83.38	89.34
Inventory Turnover	4.95	4.73	4.63	4.45	5.19	4.8	7.63	5.73	5.34	3.39	2.88	3.18	2.25	1.99	2.56
Days Inventory Outstanding	73.79	77.15	78.86	81.99	70.28	75.97	47.85	63.67	68.38	107.78	126.6	114.73	162.38	183.45	142.59
Accounts Payable Turnover	16.45	9.57	7.96	11.23	10.38	8.94	16.12	11.86	11.37	11.14	12.27	9.4	8.19	7.79	6.36
Accounts Payable Turnover Days	22.19	38.14	45.86	32.49	35.16	40.82	22.64	30.79	32.1	32.77	29.75	38.83	44.56	46.86	57.39
Cash Conversion Cycle	92.34	85.82	71.05	64.12	63.34	83.36	54.89	60.54	72.23	124.89	140.26	128.41	171.99	219.97	174.54
Inventory to Cash Days	-33.04	-30.33	-40.81	-67.36	-42.05	-27.76	-18.16	-36.01	-32.43	-57.89	-83.18	-62.21	-108.2	-100.06	-53.25
Inventories	530	534	523	630	517	426	201	445	497	702	819	783	1,012	1,348	1,073
Raw Materials	54	99	134	125	137	63	29	57	54	135	153	162	192	264	336
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	476	435	389	505	380	363	172	388	444	568	666	621	820	1,084	737

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	2,919	2,689	5,437	4,472	6,716	3,338	7,054	4,453	5,901	10,484	9,268	15,969	18,408	18,868	28,033
- Cash & Cash Equivalents	606	901	1,325	1,482	1,127	1,347	2,269	1,404	1,353	1,227	1,451	1,481	1,947	1,621	2,804
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	664	563	223	213	289	215	437	467	595	482	399	234	624	719	655
Enterprise Value	2,911	2,248	3,896	2,695	5,175	1,598	4,502	2,372	4,332	9,219	7,840	13,625	16,930	17,794	25,833
Total Capital	4,308	4,168	4,726	5,205	5,838	5,433	5,536	5,679	5,692	6,003	6,358	6,070	7,312	8,696	10,193
Total Debt/Capital (%)	15.41	13.5	4.72	4.1	4.96	3.96	7.89	8.22	10.46	8.03	6.27	3.86	8.54	8.27	6.43
Total Debt / EV	0.23	0.25	0.06	0.08	0.06	0.13	0.1	0.2	0.14	0.05	0.05	0.02	0.04	0.04	0.03
EV/Sales	1.05	0.67	1.18	0.79	1.26	0.55	1.53	1.06	1.41	3.4	2.68	5.2	5.1	4.23	4.95
EV/EBITDA	4.69	3.24	5.63	4.04	5.24	3.32	13.63	13.89	10.65	16.57	11.21	- -	14.18	9.79	12.15
EV/EBIT	7.56	5.21	8.52	6.39	7.09	6.38	20.94	59.14	21.53	28.5	17.84	- -	19.11	12.77	16.18
EV/Cash Flow to Firm	- -	2.82	4.54	3.65	- -	7	3.41	- -	21.66	131.79	31.58	16.81	27.56	14.19	12.3
EV/Free Cash Flow to Firm	4.17	1.91	3.42	2.71	- -	3.49	2.46	5.41	4.99	18.95	9.94	7.95	8.46	6.4	8.7
Diluted Market Cap	2,906	2,680	5,216	4,533	6,719	3,301	7,044	4,505	5,893	10,553	9,319	15,960	18,498	18,950	28,092
Diluted Enterprise Value	2,964	2,341	4,115	3,264	5,881	2,169	5,213	3,568	5,136	9,809	8,267	14,713	17,175	18,048	25,944
EV per Share	33.67	25.79	39.16	26.87	50.85	15.36	43.09	22.62	41.08	86.99	73.74	127.8	158.45	166.21	240.73
TTM Sales	2,766	3,369	3,310	3,391	4,113	2,905	2,941	2,244	3,063	2,711	2,923	2,619	3,319	4,206	5,219
TTM EBITDA	620	694	692	668	988	482	330	171	407	556	699	-11	1,194	1,817	2,126
TTM Operating Income	385	432	457	422	730	251	215	40	201	323	439	-281	886	1,394	1,597
TTM Cash Flow to Firm	-33	796	858	737	-319	228	1,319	-302	200	70	248	811	614	1,254	2,100
TTM Free Cash Flow to Firm	698	1,175	1,140	995	-152	458	1,833	438	869	487	789	1,714	2,001	2,780	2,970

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	4.16	2.35	4.58	4.56	-42.32	7.57	3.8	10.91	6.99	23.26	11.98	8.98	9.3	6.91	9.6
EV/EBIT	7.56	5.21	8.52	6.39	7.09	6.38	20.94	59.14	21.53	28.5	17.84	- -	19.11	12.77	16.18
Enterprise Value	2,911	2,248	3,896	2,695	5,175	1,598	4,502	2,372	4,332	9,219	7,840	13,625	16,930	17,794	25,833
Low Price	29.87	11.43	24.46	40.54	39.18	28.6	25.56	36.51	41.41	28.47	67.71	59.6	129.22	135.88	116.56
EV/Sales	1.05	0.67	1.18	0.79	1.26	0.55	1.53	1.06	1.41	3.4	2.68	5.2	5.1	4.23	4.95
EV/EBITDA	4.69	3.24	5.63	4.04	5.24	3.32	13.63	13.89	10.65	16.57	11.21	- -	14.18	9.79	12.15
Price/Earnings	- -	- -	14.6	11.27	11.22	- -	- -	30.81	- -	26.29	19.76	- -	22.15	14.6	18.33
Price/Earnings Average	-233.37	-21.94	11.5	15.2	8.91	-12.13	-27.08	41.56	-52.64	16.34	20.79	-243.69	23.13	16.52	13.18
Price/Earnings High	-382.36	-45.26	17.63	18.91	11.53	-18.37	-45.23	59.31	-63.44	28.99	27.92	-419.01	29.82	25.41	20.07
Price/Earnings Low	-65.1	-10.31	6.53	10.24	6.66	-7.07	-16.1	26.5	-37.94	7.57	15.35	-143.79	16.61	11.25	8.18
Price/Book Value	0.8	0.75	1.21	0.9	1.21	0.64	1.38	0.85	1.16	1.9	1.56	2.74	2.75	2.37	2.94
Price/Book Value Average	2.54	0.59	0.95	1.21	0.96	0.98	0.88	1.15	1.19	1.18	1.64	1.85	2.88	2.68	2.11
Price/Book Value High	4.16	1.21	1.46	1.5	1.24	1.48	1.47	1.64	1.43	2.09	2.2	3.17	3.71	4.12	3.22
Price/Book Value Low	0.71	0.28	0.54	0.81	0.72	0.57	0.52	0.73	0.86	0.55	1.21	1.09	2.06	1.82	1.31
Price/Tangible Book Value	0.82	0.76	1.26	0.93	1.25	0.65	1.41	0.87	1.18	1.92	1.57	2.76	2.79	2.39	2.96
Price/Tangible Book Value Average	2.59	0.6	1	1.26	1	1	0.9	1.17	1.21	1.2	1.65	1.86	2.92	2.7	2.13
Price/Tangible Book Value High	4.24	1.24	1.53	1.57	1.29	1.51	1.5	1.67	1.45	2.12	2.22	3.2	3.76	4.16	3.25
Price/Tangible Book Value Low	0.72	0.28	0.57	0.85	0.74	0.58	0.53	0.75	0.87	0.55	1.22	1.1	2.09	1.84	1.32
Price/Sales	1.05	0.8	1.55	1.32	1.62	1.14	2.39	1.98	1.92	3.86	3.17	6.09	5.54	4.48	5.37
Price/Sales Average	3.33	0.63	1.22	1.78	1.28	1.74	1.52	2.67	1.98	2.4	3.33	4.11	5.79	5.07	3.86
Price/Sales High	5.46	1.29	1.87	2.21	1.66	2.63	2.55	3.81	2.38	4.26	4.48	7.07	7.47	7.8	5.88
Price/Sales Low	0.93	0.29	0.69	1.2	0.96	1.01	0.91	1.7	1.42	1.11	2.46	2.42	4.16	3.46	2.39
Price/Cash Flow	-86.83	3.52	5.98	6.07	-20.47	15.97	5.25	-13.61	33.83	282.12	38.99	18.27	30.55	15.48	13.62
Price/Cash Flow Average	-275.42	2.77	4.71	8.19	-16.25	24.4	3.35	-18.35	34.73	175.36	41.01	12.32	31.91	17.52	9.79
Price/Cash Flow High	-451.26	5.72	7.22	10.18	-21.03	36.96	5.59	-26.19	41.85	311.13	55.08	21.19	41.14	26.95	14.91
Price/Cash Flow Low	-76.83	1.3	2.68	5.51	-12.15	14.23	1.99	-11.7	25.03	81.2	30.29	7.27	22.91	11.94	6.08
Price/Free Cash Flow Average	13.2	1.85	3.61	6.16	-33.59	11.57	2.42	14.71	7.18	14.46	12.6	6.06	9.71	7.82	6.9
Price/Free Cash Flow High	21.62	3.82	5.53	7.66	-43.48	17.52	4.04	21	8.65	25.65	16.92	10.41	12.52	12.02	10.51
Price/Free Cash Flow Low	3.68	0.87	2.05	4.15	-25.12	6.74	1.44	9.38	5.17	6.69	9.31	3.57	6.98	5.32	4.28
EV/Sales Average	3.37	0.53	0.96	1.41	1.09	1.37	0.9	2.26	1.73	2.13	2.97	3.64	5.4	4.86	3.45
EV/Sales High	5.51	1.2	1.65	1.84	1.47	2.27	1.93	3.4	2.14	3.99	4.12	6.59	7.07	7.59	5.47
EV/Sales Low	0.95	0.2	0.4	0.82	0.77	0.63	0.29	1.29	1.18	0.84	2.1	1.95	3.76	3.24	1.98
EV/EBITDA Average	15.02	2.57	4.6	7.14	4.55	8.24	8.05	29.67	13.03	10.37	12.43	-863.8	15	11.25	8.47
EV/EBITDA High	24.55	5.81	7.9	9.34	6.14	13.7	17.16	44.69	16.09	19.44	17.22	-1,566.61	19.65	17.58	13.42
EV/EBITDA Low	4.26	0.95	1.93	4.19	3.19	3.83	2.54	16.93	8.87	4.08	8.79	-463.28	10.46	7.51	4.87
EV/EBIT Average	24.2	4.13	6.96	11.29	6.15	15.84	12.37	126.38	26.34	17.84	19.79	-33.92	20.21	14.67	11.27
EV/EBIT High	39.55	9.35	11.95	14.78	8.3	26.32	26.36	190.32	32.52	33.44	27.4	-61.51	26.49	22.92	17.87
EV/EBIT Low	6.86	1.52	2.91	6.63	4.31	7.35	3.9	72.11	17.94	7.03	13.99	-18.19	14.09	9.79	6.49
Last Price	33.76	30.86	54.64	44.6	65.99	32.09	67.52	42.46	55.96	98.92	87.16	149.79	172.28	176.24	261.23
High Price	175.45	50.2	65.99	74.84	67.8	74.29	71.8	81.72	69.24	109.09	123.12	173.68	232	306.77	285.99
Enterprise Value Average	9,317	1,782	3,181	4,766	4,493	3,971	2,660	5,069	5,300	5,772	8,697	9,522	17,906	20,451	18,004
Enterprise Value High	15,229	4,036	5,465	6,237	6,062	6,597	5,669	7,634	6,543	10,817	12,040	17,269	23,466	31,940	28,541
Enterprise Value Low	2,641	657	1,332	2,797	3,150	1,843	838	2,893	3,609	2,273	6,148	5,107	12,484	13,645	10,360

Shares Outstanding	86	87	100	100	102	104	104	105	105	106	106	107	107	107	107
Diluted Weighted Avg Shares	86	87	95	102	102	103	104	106	105	107	107	107	107	108	108
Basic Weighted Avg Shares	86	87	94	100	101	103	104	105	105	106	106	107	107	107	107
Revenue per Share	32.14	38.78	35.32	33.9	40.77	28.24	28.19	21.42	29.09	25.61	27.51	24.58	31.07	39.31	48.67
EBITDA per Share	7.21	7.99	7.38	6.67	9.79	4.68	3.17	1.63	3.86	5.26	6.58	-0.1	11.18	16.98	19.83
Operating Income per Share	4.47	4.97	4.88	4.22	7.24	2.44	2.06	0.38	1.91	3.06	4.14	-2.63	8.3	13.02	14.89
Basic EPS, GAAP	-0.46	-1.11	3.74	3.96	5.88	-4.05	-1.59	1.38	-1.09	3.76	4.41	-0.41	7.78	12.07	14.25
Basic EPS from Cont Ops	-0.46	-1.11	3.74	3.96	5.88	-4.05	-1.59	1.38	-1.09	3.76	4.41	-0.41	7.78	12.07	14.25
Diluted EPS, GAAP	-0.46	-1.11	3.67	3.9	5.83	-4.05	-1.59	1.36	-1.09	3.73	4.38	-0.41	7.74	12.02	14.21
Diluted EPS from Cont Ops	-0.46	-1.11	3.67	3.9	5.83	-4.05	-1.59	1.36	-1.09	3.73	4.38	-0.41	7.74	12.02	14.21
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.39	8.78	9.14	7.35	-3.22	2.01	12.85	-3.12	1.65	0.35	2.24	8.2	5.64	11.38	19.18
Free Cash Flow per Basic Share	-8.89	4.41	6.12	4.78	-4.87	-0.22	7.92	-10.18	-4.7	-3.58	-2.85	-0.28	-7.35	-2.88	11.07
Cash & Equivalents per Share	7.77	11.52	17.73	19.85	17.99	18.79	28.61	24.29	20.52	16.48	17.17	24.18	19.68	16.75	26.61
Book Value per Share	42.14	41.37	45.25	49.77	54.52	50.16	48.81	49.7	48.33	52.09	56.05	54.74	62.59	74.51	88.88
Tangible Book Value per Share	41.38	40.58	43.22	47.73	52.61	49.18	47.9	48.85	47.58	51.43	55.48	54.32	61.71	73.74	88.12

First Solar, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)