(DQ) Daqo New Energy - Overview
Exchange: NYSE •
Country: China •
Currency: USD •
Type: Common Stock •
ISIN: US23703Q2030
Stock: Polysilicon, Ingots, Wafers, Solar Module
Total Rating 32
Risk 45
Buy Signal -1.18
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 58.0% |
| Relative Tail Risk | -8.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.64 |
| Alpha | 8.67 |
| Character TTM | |
|---|---|
| Beta | 1.205 |
| Beta Downside | 1.860 |
| Drawdowns 3y | |
|---|---|
| Max DD | 76.81% |
| CAGR/Max DD | -0.23 |
Description: DQ Daqo New Energy January 16, 2026
Daqo New Energy Corp. (NYSE:DQ) manufactures and sells high-purity polysilicon to photovoltaic product makers in China. Founded in 2006 and headquartered in Shanghai, the firm operates under the Semiconductor Materials & Equipment sub-industry and supplies the raw material used to produce ingots, wafers, cells and solar modules.
As of Q3 2024, Daqo reported a production capacity of roughly 30 kt of polysilicon with utilization hovering around 85 %, and average realized pricing of about $13.5 per kg-both metrics that are highly sensitive to Chinese renewable-energy subsidies and global polysilicon supply-demand dynamics. A key sector driver is the Chinese government’s “14th Five-Year Plan,” which continues to prioritize solar capacity expansion, while a material-side risk remains the potential for feedstock (silicon metal) price spikes that could compress margins.
For a deeper, data-driven look at how these variables translate into valuation risk and upside, you may find the analyst tools on ValueRay worth a quick glance.
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income: -343.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 10.16 > 1.0 |
| NWC/Revenue: 336.3% < 20% (prev 181.8%; Δ 154.6% < -1%) |
| CFO/TA -0.02 > 3% & CFO -111.3m > Net Income -343.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 5.65 > 1.5 & < 3 |
| Outstanding Shares: last quarter (67.5m) vs 12m ago 1.87% < -2% |
| Gross Margin: -34.21% > 18% (prev -0.06%; Δ -3415 % > 0.5%) |
| Asset Turnover: 9.55% > 50% (prev 17.71%; Δ -8.15% > 0%) |
| Interest Coverage Ratio: -2.30 > 6 (EBITDA TTM -124.4m / Interest Expense TTM 156.1m) |
Altman Z'' 8.82
| A: 0.34 (Total Current Assets 2.61b - Total Current Liabilities 462.3m) / Total Assets 6.34b |
| B: 0.47 (Retained Earnings 2.98b / Total Assets 6.34b) |
| C: -0.05 (EBIT TTM -358.5m / Avg Total Assets 6.70b) |
| D: 5.17 (Book Value of Equity 2.57b / Total Liabilities 497.3m) |
| Altman-Z'' Score: 8.82 = AAA |
Beneish M -1.00
| DSRI: 3.62 (Receivables 157.0m/84.5m, Revenue 639.7m/1.25b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.43 (AQ_t 0.05 / AQ_t-1 0.04) |
| SGI: 0.51 (Revenue 639.7m / 1.25b) |
| TATA: -0.04 (NI -343.7m - CFO -111.3m) / TA 6.34b) |
| Beneish M-Score: -1.00 (Cap -4..+1) = D |
What is the price of DQ shares?
As of February 06, 2026, the stock is trading at USD 23.49 with a total of 421,771 shares traded.
Over the past week, the price has changed by -8.46%, over one month by -21.60%, over three months by -24.30% and over the past year by +28.15%.
Over the past week, the price has changed by -8.46%, over one month by -21.60%, over three months by -24.30% and over the past year by +28.15%.
Is DQ a buy, sell or hold?
Daqo New Energy has received a consensus analysts rating of 3.78.
Therefor, it is recommend to hold DQ.
- StrongBuy: 2
- Buy: 3
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the DQ price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 32.6 | 38.6% |
| Analysts Target Price | 32.6 | 38.6% |
| ValueRay Target Price | 21.7 | -7.6% |
DQ Fundamental Data Overview February 05, 2026
P/E Forward = 21.3675
P/S = 2.4522
P/B = 0.3767
P/EG = 0.1738
Revenue TTM = 639.7m USD
EBIT TTM = -358.5m USD
EBITDA TTM = -124.4m USD
Long Term Debt = unknown (none)
Short Term Debt = 6.82m USD (from shortTermDebt, last fiscal year)
Debt = 6.82m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -551.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.02b USD (1.57b + Debt 6.82m - CCE 551.6m)
Interest Coverage Ratio = -2.30 (Ebit TTM -358.5m / Interest Expense TTM 156.1m)
EV/FCF = -3.89x (Enterprise Value 1.02b / FCF TTM -263.1m)
FCF Yield = -25.73% (FCF TTM -263.1m / Enterprise Value 1.02b)
FCF Margin = -41.13% (FCF TTM -263.1m / Revenue TTM 639.7m)
Net Margin = -53.73% (Net Income TTM -343.7m / Revenue TTM 639.7m)
Gross Margin = -34.21% ((Revenue TTM 639.7m - Cost of Revenue TTM 858.5m) / Revenue TTM)
Gross Margin QoQ = 3.95% (prev -108.3%)
Tobins Q-Ratio = 0.16 (Enterprise Value 1.02b / Total Assets 6.34b)
Interest Expense / Debt = 104.8% (Interest Expense 7.15m / Debt 6.82m)
Taxrate = 21.0% (US default 21%)
NOPAT = -283.2m (EBIT -358.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 5.65 (Total Current Assets 2.61b / Total Current Liabilities 462.3m)
Debt / Equity = 0.00 (Debt 6.82m / totalStockholderEquity, last quarter 4.35b)
Debt / EBITDA = 4.43 (negative EBITDA) (Net Debt -551.6m / EBITDA -124.4m)
Debt / FCF = 2.10 (negative FCF - burning cash) (Net Debt -551.6m / FCF TTM -263.1m)
Total Stockholder Equity = 4.34b (last 4 quarters mean from totalStockholderEquity)
RoA = -5.13% (Net Income -343.7m / Total Assets 6.34b)
RoE = -7.92% (Net Income TTM -343.7m / Total Stockholder Equity 4.34b)
RoCE = -6.10% (EBIT -358.5m / Capital Employed (Total Assets 6.34b - Current Liab 462.3m))
RoIC = -6.52% (negative operating profit) (NOPAT -283.2m / Invested Capital 4.34b)
WACC = 10.32% (E(1.57b)/V(1.57b) * Re(10.36%) + (debt cost/tax rate unavailable))
Discount Rate = 10.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.38%
Fair Price DCF = unknown (Cash Flow -263.1m)
EPS Correlation: -83.21 | EPS CAGR: -28.95% | SUE: 0.37 | # QB: 0
Revenue Correlation: -84.45 | Revenue CAGR: -12.00% | SUE: 0.96 | # QB: 1
EPS next Quarter (2026-03-31): EPS=-0.16 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-1.38 | Chg30d=+0.050 | Revisions Net=+1 | Growth EPS=+33.0% | Growth Revenue=+47.2%
P/S = 2.4522
P/B = 0.3767
P/EG = 0.1738
Revenue TTM = 639.7m USD
EBIT TTM = -358.5m USD
EBITDA TTM = -124.4m USD
Long Term Debt = unknown (none)
Short Term Debt = 6.82m USD (from shortTermDebt, last fiscal year)
Debt = 6.82m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -551.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.02b USD (1.57b + Debt 6.82m - CCE 551.6m)
Interest Coverage Ratio = -2.30 (Ebit TTM -358.5m / Interest Expense TTM 156.1m)
EV/FCF = -3.89x (Enterprise Value 1.02b / FCF TTM -263.1m)
FCF Yield = -25.73% (FCF TTM -263.1m / Enterprise Value 1.02b)
FCF Margin = -41.13% (FCF TTM -263.1m / Revenue TTM 639.7m)
Net Margin = -53.73% (Net Income TTM -343.7m / Revenue TTM 639.7m)
Gross Margin = -34.21% ((Revenue TTM 639.7m - Cost of Revenue TTM 858.5m) / Revenue TTM)
Gross Margin QoQ = 3.95% (prev -108.3%)
Tobins Q-Ratio = 0.16 (Enterprise Value 1.02b / Total Assets 6.34b)
Interest Expense / Debt = 104.8% (Interest Expense 7.15m / Debt 6.82m)
Taxrate = 21.0% (US default 21%)
NOPAT = -283.2m (EBIT -358.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 5.65 (Total Current Assets 2.61b / Total Current Liabilities 462.3m)
Debt / Equity = 0.00 (Debt 6.82m / totalStockholderEquity, last quarter 4.35b)
Debt / EBITDA = 4.43 (negative EBITDA) (Net Debt -551.6m / EBITDA -124.4m)
Debt / FCF = 2.10 (negative FCF - burning cash) (Net Debt -551.6m / FCF TTM -263.1m)
Total Stockholder Equity = 4.34b (last 4 quarters mean from totalStockholderEquity)
RoA = -5.13% (Net Income -343.7m / Total Assets 6.34b)
RoE = -7.92% (Net Income TTM -343.7m / Total Stockholder Equity 4.34b)
RoCE = -6.10% (EBIT -358.5m / Capital Employed (Total Assets 6.34b - Current Liab 462.3m))
RoIC = -6.52% (negative operating profit) (NOPAT -283.2m / Invested Capital 4.34b)
WACC = 10.32% (E(1.57b)/V(1.57b) * Re(10.36%) + (debt cost/tax rate unavailable))
Discount Rate = 10.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.38%
Fair Price DCF = unknown (Cash Flow -263.1m)
EPS Correlation: -83.21 | EPS CAGR: -28.95% | SUE: 0.37 | # QB: 0
Revenue Correlation: -84.45 | Revenue CAGR: -12.00% | SUE: 0.96 | # QB: 1
EPS next Quarter (2026-03-31): EPS=-0.16 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-1.38 | Chg30d=+0.050 | Revisions Net=+1 | Growth EPS=+33.0% | Growth Revenue=+47.2%