Emeren Group, Ltd. (SOL) Financial Ratios
21 years of historical data (2004–2024) · Energy · Solar
EV/EBITDA
↓
17.62
↓-48% vs avg
5yr avg: 34.19
30Y Low3.3·High61.4
P/FCF
N/A
—
5yr avg: N/A
30Y Low1.4·High3.2
P/B Ratio
↓
0.30
↓-73% vs avg
5yr avg: 1.10
30Y Low0.2·High3.1
ROE
↓
-3.6%
↑-1000% vs avg
5yr avg: -0.3%
30Y Low-91%·High76%
Debt/EBITDA
↑
9.89
+4% vs avg
5yr avg: 9.48
30Y Low0.6·High36.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SOL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Emeren Group, Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $100M | $105M | $154M | $293M | $416M | $569M | $57M | $45M | $66M | $65M | $173M |
| Enterprise Value | $113M | $119M | $145M | $257M | $220M | $644M | $154M | $202M | $159M | $652M | $869M |
| P/E Ratio → | -8.08 | — | — | 50.22 | 59.60 | 204.11 | — | 25.87 | 1.90 | — | — |
| P/S Ratio | 1.08 | 1.14 | 1.46 | 4.79 | 5.23 | 7.74 | 0.48 | 0.47 | 0.64 | 0.80 | 0.14 |
| P/B Ratio | 0.30 | 0.31 | 0.42 | 0.76 | 0.93 | 3.11 | 0.42 | 0.36 | 0.73 | 0.98 | 1.55 |
| P/FCF | — | — | — | — | — | — | 1.36 | — | — | 3.17 | — |
| P/OCF | — | — | — | — | — | — | 1.03 | — | 3.56 | 2.35 | 78.49 |
P/E links to full P/E history page with 30-year chart
SOL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Emeren Group, Ltd.'s enterprise value stands at 17.6x EBITDA, 48% below its 5-year average of 34.2x. The Energy sector median is 8.1x, placing the stock at a 116% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.29 | 1.37 | 4.19 | 2.76 | 8.76 | 1.30 | 2.09 | 1.54 | 8.09 | 0.68 |
| EV / EBITDA | 17.62 | 18.50 | — | 61.36 | 11.30 | 45.61 | 22.60 | 8.45 | 14.40 | 137.18 | 43.75 |
| EV / EBIT | — | — | — | 478.96 | 17.52 | 75.55 | — | 14.86 | 21.30 | 314.94 | 39.17 |
| EV / FCF | — | — | — | — | — | — | 3.66 | — | — | 31.90 | — |
SOL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Emeren Group, Ltd. earns an operating margin of -0.5%, below the Energy sector average of 14.5%. Operating margins have expanded from -4.3% to -0.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -3.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.2% | 26.2% | 23.7% | 25.0% | 39.4% | 22.7% | 28.7% | 29.0% | 13.7% | 9.0% | 14.7% |
| Operating Margin | -0.5% | -0.5% | -8.2% | -4.3% | 15.9% | 9.2% | -0.8% | 16.0% | 6.4% | 2.9% | 1.3% |
| Net Profit Margin | -13.6% | -13.6% | -3.0% | -7.6% | 8.6% | 3.8% | -7.4% | 1.8% | 33.5% | -43.1% | -0.4% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.6% | -3.6% | -0.8% | -1.1% | 2.2% | 1.7% | -6.7% | 1.6% | 44.0% | -39.0% | -4.0% |
| ROA | -2.7% | -2.7% | -0.6% | -0.9% | 1.6% | 0.8% | -2.5% | 0.5% | 4.8% | -2.9% | -0.3% |
| ROIC | -0.1% | -0.1% | -1.8% | -0.7% | 3.7% | 2.1% | -0.3% | 4.9% | 4.1% | 0.4% | 1.5% |
| ROCE | -0.1% | -0.1% | -2.0% | -0.5% | 3.4% | 3.0% | -0.4% | 7.1% | 3.5% | 1.1% | 5.6% |
SOL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Emeren Group, Ltd. carries a Debt/EBITDA ratio of 9.9x, which is highly leveraged (311% above the sector average of 2.4x). Net debt stands at $13M ($63M total debt minus $50M cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.17 | 0.18 | 0.13 | 0.63 | 0.88 | 1.41 | 1.18 | 0.44 | 6.55 |
| Debt / EBITDA | 9.89 | 9.89 | — | 16.86 | 2.97 | 8.18 | 17.75 | 7.36 | 9.67 | 6.07 | 36.93 |
| Net Debt / Equity | — | 0.04 | -0.03 | -0.09 | -0.44 | 0.41 | 0.71 | 1.26 | 1.03 | 8.87 | 6.21 |
| Net Debt / EBITDA | 2.09 | 2.09 | — | -8.78 | -10.11 | 5.31 | 14.20 | 6.56 | 8.45 | 123.57 | 35.02 |
| Debt / FCF | — | — | — | — | — | — | 2.30 | — | — | 28.73 | — |
| Interest Coverage | -0.25 | -0.25 | -3.93 | -0.83 | 2.45 | 1.09 | -0.11 | 1.78 | 1.67 | 1.28 | 8.16 |
SOL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Emeren Group, Ltd.'s current ratio of 3.87x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.50x to 3.87x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.87 | 3.87 | 3.97 | 4.50 | 9.11 | 1.55 | 0.94 | 1.01 | 1.17 | 0.56 | 0.58 |
| Quick Ratio | 3.86 | 3.86 | 3.97 | 4.50 | 9.11 | 1.55 | 0.94 | 0.99 | 1.17 | 0.40 | 0.40 |
| Cash Ratio | 1.01 | 1.01 | 1.23 | 2.48 | 7.25 | 0.46 | 0.22 | 0.05 | 0.09 | 0.04 | 0.03 |
| Asset Turnover | — | 0.21 | 0.22 | 0.12 | 0.15 | 0.22 | 0.37 | 0.26 | 0.31 | 0.07 | 0.95 |
| Inventory Turnover | 188.21 | 188.21 | — | — | — | — | — | 25.92 | — | 0.51 | 5.66 |
| Days Sales Outstanding | — | 279.32 | 324.17 | 425.69 | 231.03 | 288.37 | 65.96 | 178.83 | 137.08 | 22.85 | 53.93 |
SOL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Emeren Group, Ltd. returns 7.2% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 2.0% | 1.7% | 0.5% | — | 3.9% | 52.6% | — | — |
| FCF Yield | — | — | — | — | — | — | 73.5% | — | — | 31.6% | — |
| Buyback Yield | 7.2% | 6.8% | 14.2% | 14.9% | 4.4% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | 0.5% |
| Total Shareholder Yield | 7.2% | 6.8% | 14.2% | 14.9% | 4.4% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | 0.5% |
| Shares Outstanding | — | $52M | $57M | $65M | $70M | $50M | $41M | $38M | $25M | $20M | $20M |
Peer Comparison
Compare SOL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SOLYou | $100M | -8.1 | 17.6 | — | 26.2% | -0.5% | -3.6% | -0.1% | 9.9 |
 ARRY | $1B | -11.1 | 13.4 | 15.6 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 SHLS | $1B | 41.6 | 24.1 | — | 35.0% | 11.9% | 5.8% | 5.9% | 2.7 |
 CWEN | $8B | 27.1 | 16.3 | 21.4 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
 FSLR | $23B | 15.3 | 9.5 | 19.7 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
 SPWR | $875M | -15.4 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 RUN | $3B | 7.5 | 24.0 | — | 26.8% | -4.3% | 9.8% | -0.5% | 21.4 |
 SEDG | $2B | -5.9 | — | 30.6 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 CSIQ | $1B | -10.9 | — | — | 18.3% | -0.5% | -2.5% | -0.2% | — |
 NEE | $199B | 29.0 | 19.0 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 BEP | $11B | -511.7 | 13.2 | — | 16.8% | 13.4% | -0.1% | 0.9% | 10.7 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Quick answers to the most common questions about buying SOL stock.
What is Emeren Group, Ltd.'s P/E ratio?
Emeren Group, Ltd.'s current P/E ratio is -8.1x. The historical average is 28.4x.
What is Emeren Group, Ltd.'s EV/EBITDA?
Emeren Group, Ltd.'s current EV/EBITDA is 17.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.1x.
What is Emeren Group, Ltd.'s ROE?
Emeren Group, Ltd.'s return on equity (ROE) is -3.6%. The historical average is 0.7%.
Is SOL stock overvalued?
Based on historical data, Emeren Group, Ltd. is trading at a P/E of -8.1x. Compare with industry peers and growth rates for a complete picture.
What are Emeren Group, Ltd.'s profit margins?
Emeren Group, Ltd. has 26.2% gross margin and -0.5% operating margin.
How much debt does Emeren Group, Ltd. have?
Emeren Group, Ltd.'s Debt/EBITDA ratio is 9.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.