Solar Industry Sulking Sun Edison Bankruptcy, Bright Spot JASO
מעודכן
JA Solar Company Fundamentals and Internals are incredible. JA Solar management made a bold move taking on slightly more equity to reduce share count. Incredibly JASO's executives were able to reduce share count by 80% while only taking on 8% debt to finance a massive share reduction.
JASO also has outperformed its peers in the renewable energy industry, mainly because China is doing whatever it takes to reduce pollution in China. For every dollar JASO spends on revenue it is equally matched with earnings.
JASO is currently extremely undervalued. Earnings are next week.
JASO also has outperformed its peers in the renewable energy industry, mainly because China is doing whatever it takes to reduce pollution in China. For every dollar JASO spends on revenue it is equally matched with earnings.
JASO is currently extremely undervalued. Earnings are next week.
הערה
"JA Solar management made a bold move taking on slightly more equity [debt] to reduce share count." --but you could argue share buybacks improve a companies long-term equityהערה
Numbers seem to good to be true, but JASO Fundamentals are in fact real. Total Assets 2.5 billion , Total Capital 1.665 Billion, Long Term Capital 2.947 Billion Total Debt 753 million / Debt-to-equity .841 Cash Ratio .49434 Total Share Outstanding 47.571 million
Current Share Price 7.93 = $377.24 milion market cap
Enterprise Value = 2.07 Billion = stock is 5.5 x undervalued
Sometime in the next 18 months we should see prices closer to enterprise value, and hopefully with continued growth in revenue + improved profit margins. Company is set to nearly double it's productivity capacity for the remaining year now that it has it's second PV manufacturing plant up in running.
הערה
China's markets are playing a big role in pricing US-China ADR's. Another reason JASO is under priced is because of recent instability in China equity markets.
הערה
Sun Edison one of the largest companies in the solar renewable industry filed for bankruptcy this year. Sun Edison owes JASO 20 million USD, a small amount. Sun Edison borrowed far too much and owed a lot. JASO is not even close to the same level of leverage as its counter part Sun Edison.
The recent fall-out and relation with Sun Edison, however, has investors sidelined on JASO. Investors are probably unaware that JASO is now situated to be the leader in the lowest cost PV manufacturing in the world. JASO's PV's can even compete in a low energy world atmosphere as we have now.
הערה
tradingcoach.co.in/wp-content/uploads/2015/11/WyckoffLogic-FEAUTERED.jpgAccumulation Phase
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