JinkoSolar Holding Company Limited (JKS) vs CSLM Acquisition Corp. (SPWR)

JinkoSolar Holding Company Limited and CSLM Acquisition Corp. are both Solar companies. JinkoSolar Holding Company Limited is the larger, with a market value of $486.0M against $99.3M — 4.9× the size. CSLM Acquisition Corp. grew revenue faster over the last twelve months: 18.6% against −19.1%. CSLM Acquisition Corp. has the higher net margin (−3.77% vs −5.87%) and the lower return on invested capital (−38.2% vs −15.2%). Across the 16 metrics below, CSLM Acquisition Corp. leads on 9 and JinkoSolar Holding Company Limited on 7.

Valuation

Metric JKS SPWR Solar median
P/E n/m n/m 10.93
P/S 0.06 0.16 0.54
P/B 0.14 n/m 1.44
Price to free cash flow n/m n/m 9.91
EV/EBITDA n/m n/m 9.90
EV/Sales 0.10 0.59 0.74
Earnings yield (111.41%) (61.97%) 0.00%
Free cash flow yield (383.19%) (133.02%) 0.00%

Profitability

Metric JKS SPWR Solar median
Gross margin 4.68% 52.17% 31.92%
Operating margin (11.51%) (20.11%) (9.70%)
Net margin (5.87%) (3.77%) (8.48%)
Free cash flow margin 0.00% (21.35%) (2.95%)
Return on equity 0.00% 15.27% 5.34%
Return on assets (2.91%) (5.36%) (5.36%)
Return on invested capital (15.23%) (38.19%) (5.27%)

Growth

Metric JKS SPWR Solar median
Revenue growth (TTM) (19.06%) 18.59% 16.97%
EPS growth (last fiscal year) (1,668.12%) 30.18% —
Revenue growth, 5-year CAGR 7.89% — 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric JKS SPWR Solar median
Debt to equity 1.10 (4.70) 0.09
Current ratio 1.13 0.82 1.33
Net debt to EBITDA (14.38) (60.25) 0.03

Dividend

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

Size

Metric JKS SPWR Solar median
Market cap 486.01m 99.26m 43.46m

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