JinkoSolar Holding Company Limited (JKS) vs Nextpower Inc. (NXT)

JinkoSolar Holding Company Limited and Nextpower Inc. are both Solar companies. Nextpower Inc. is the larger, with a market value of $12.2B against $486.0M — 25.1× the size. JinkoSolar Holding Company Limited has negative trailing earnings, so its P/E is not meaningful; Nextpower Inc. trades at 20.3×. Nextpower Inc. grew revenue faster over the last twelve months: 17.0% against −19.1%. Nextpower Inc. has the higher net margin (16.4% vs −5.87%) and the higher return on invested capital (32.7% vs −15.2%). Across the 19 metrics below, Nextpower Inc. leads on 15 and JinkoSolar Holding Company Limited on 4.

Valuation

Metric JKS NXT Solar median
P/E n/m 20.31 10.93
P/S 0.06 3.36 0.54
P/B 0.14 4.77 1.44
Price to free cash flow n/m 22.22 9.91
EV/EBITDA n/m 15.10 9.90
EV/Sales 0.10 3.06 0.74
Earnings yield (111.41%) 4.92% 0.00%
Free cash flow yield (383.19%) 4.50% 0.00%

Profitability

Metric JKS NXT Solar median
Gross margin 4.68% 33.45% 31.92%
Operating margin (11.51%) 19.34% (9.70%)
Net margin (5.87%) 16.36% (8.48%)
Free cash flow margin 0.00% 15.12% (2.95%)
Return on equity 0.00% 27.22% 5.34%
Return on assets (2.91%) 15.53% (5.36%)
Return on invested capital (15.23%) 32.66% (5.27%)

Growth

Metric JKS NXT Solar median
Revenue growth (TTM) (19.06%) 16.97% 16.97%
EPS growth (last fiscal year) (1,668.12%) 10.66% —
Revenue growth, 5-year CAGR 7.89% 24.38% 14.00%
Net income growth, 5-year CAGR 0.00% 36.42% 0.00%

Health

Metric JKS NXT Solar median
Debt to equity 1.10 0.00 0.09
Current ratio 1.13 2.69 1.33
Net debt to EBITDA (14.38) (1.50) 0.03

Dividend

Metric JKS NXT Solar median
Dividend yield 0.95% — —
Payout ratio 0.00 — 0.00

Size

Metric JKS NXT Solar median
Market cap 486.01m 12.19b 43.46m

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