Mulya.ai
Ticker
FSLR
Scenario
Key Inputs
Revenue est.?Analysttaper yr5
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?11.5%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.648
Beta (levered) ?1.686
Terminal OM% ?28.0%
Segment conc. ?100% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 3 · 10.1%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

FSLR · First Solar, Inc.

$195.322026-05-17
Sector: Energy; Industry: Solar; Sub-Industry: Semiconductors

Intrinsic Value Range Comparison · Mulya.ai

Bull
$429
+119.8% vs market
Base · active
$193
-1.3% vs market
Bear
$182
-6.7% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $182
Base $193
Market $195
Median $275
Bull $429
Market Price $195
Mulya.ai Base $193
Analysts Median $275
Mulya.ai IV range ($182 · $429)
Analysts Range ($150 · $330)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2021.Q4$2.9B20.1%18.1%$481MM−$617MM−$136MM11.3%11.0%$4.4B$4.35
2022.Q4$2.6B-10.4%-1.0%45.0%−$15MM$807MM$792MM11.4%-0.4%$3.5B$-0.41
2023.Q4$3.3B26.7%25.8%6.8%$799MM−$1.4B−$560MM11.0%18.6%$5.2B$7.72
2024.Q4$4.2B26.7%33.2%8.1%$1.3B−$1.6B−$305MM11.6%21.4%$6.8B$12.00
2025.Q4$5.2B24.1%30.6%3.3%$1.5B−$159MM$1.4B11.8%22.1%$7.2B$14.1913.2
italics below = DCF projection · 10yr Rev CAGR: 7.4%
2026.Q4$5.1B+-1.6%31.2%5.0%$1.5B$0MM$1.5B11.2%$1.4B21.2%$7.2B$14.1513.8
2027.Q4$6.0B+17.3%35.5%6.7%$2.0B−$163MM$1.8B11.0%$1.5B27.5%$7.3B$18.5410.5
2028.Q4$6.6B+10.4%38.3%8.3%$2.3B−$203MM$2.1B10.7%$1.6B31.3%$7.5B$21.669.0
2029.Q4$7.3B+9.8%40.9%10.0%$2.7B−$4.4B−$1.7B10.4%−$1.1B27.6%$11.9B$24.937.8
2030.Q4$7.9B+8.8%40.9%11.7%$2.9B−$3.1B−$250MM10.2%−$150MM21.3%$15.0B$26.637.3
Term. Yr+$11.1B4.1%28.0%20.0%$2.5B−$1.0B$1.5B8.6%$12.5B10.1%
Active scenario IV: $193 (-1.3% vs market)