DQ Stock Analysis: Daqo New Energy | NYSE
Semiconductor Equipment & Materials | NYSE, USA | Market Cap: 698m USD | 12M Return: -60.8% | US23703Q2030 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.25M
Qual. Beats: -2
Rev. Trend: -96.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Daqo New Energy Corp. (NYSE: DQ) is a Shanghai-based manufacturer of polysilicon, the primary raw material used in solar photovoltaic (PV) cells. The company produces packaged, ready-to-use polysilicon designed for crucible stacking, pulling, and solidification, selling primarily to PV product manufacturers in China that produce ingots, wafers, cells, and modules. The company was founded in 2007 as Mega Stand International Limited and adopted its current name in August 2009, with its NYSE listing dating to an October 2010 IPO.
Daqo operates upstream in the solar supply chain, providing a key input material to panel makers rather than producing finished solar modules itself. The company sits within the GICS Semiconductor Materials & Equipment sub-industry and serves a Chinese polysilicon market that is the largest globally, though the sector is known for significant price cyclicality tied to solar installation demand and capacity additions.
- Polysilicon ASP swings drive quarterly margin volatility
- US anti-dumping tariffs limit China polysilicon export access
- Capacity expansion lifts polysilicon output amid solar demand growth
| Net Income: -191.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 2.52 > 1.0 |
| NWC/Revenue: 384.9% < 20% (prev 349.9%; Δ 34.97% < -1%) |
| CFO/TA -0.02 > 3% & CFO -114.6m > Net Income -191.9m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 5.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (67.7m) vs 12m ago 0.63% < -2% |
| Gross Margin: -35.44% > 18% (prev -48.73%; Δ 13.29% > 0.5%) |
| Asset Turnover: 8.81% > 50% (prev 9.43%; Δ -0.63% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| DSRI: 1.57 (Receivables 72.0m/49.1m, Revenue 556.1m/593.2m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.13 (AQ_t 0.06 / AQ_t-1 0.05) |
| SGI: 0.94 (Revenue 556.1m / 593.2m) |
| TATA: -0.01 (NI -191.9m - CFO -114.6m) / TA 6.34b) |
| Beneish M = -2.53 (Cap -4..+1) = A |
As of October 22, 2026, the stock is trading at USD 10.28 with a total of 356,526 shares traded. Over the past week, the price has changed by -4.01%, over one month by -14.33%, over three months by -13.32% and over the past year by -60.78%.
Current recommended Stop Loss: 9.70 (which is 5.6% or 1.3 ATR below the current price).
Daqo New Energy has received a consensus analysts rating of 3.86. Therefore, it is recommended to buy DQ.
- StrongBuy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 19.7 | 91.1% |
P/E Forward = 21.3675
P/S = 1.2567
P/B = 0.1843
P/EG = 0.1738
Revenue TTM = 556.1m USD
EBIT TTM = -268.9m USD
EBITDA TTM = -20.7m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 698.3m USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = unknown (Ebit TTM -268.9m / Interest Expense TTM 0.0)
EV/FCF = -2.67x (Enterprise Value 698.3m / FCF TTM -261.5m)
FCF Yield = -37.45% (FCF TTM -261.5m / Enterprise Value 698.3m)
FCF Margin = -47.03% (FCF TTM -261.5m / Revenue TTM 556.1m)
Net Margin = -34.50% (Net Income TTM -191.9m / Revenue TTM 556.1m)
Gross Margin = -35.44% ((Revenue TTM 556.1m - Cost of Revenue TTM 753.2m) / Revenue TTM)
Gross Margin QoQ = -132.0% (prev none%)
Tobins Q-Ratio = 0.11 (Enterprise Value 698.3m / Total Assets 6.34b)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -212.4m (EBIT -268.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 5.81 (Total Current Assets 2.59b / Total Current Liabilities 445.0m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA -20.7m)
Debt / FCF = unknown (Net Debt none / FCF TTM -261.5m)
Total Stockholder Equity = 4.38b (last 4 quarters mean from totalStockholderEquity)
RoA = -3.04% (Net Income -191.9m / Total Assets 6.34b)
RoE = -4.38% (Net Income TTM -191.9m / Total Stockholder Equity 4.38b)
RoCE = -4.56% (EBIT -268.9m / Capital Employed (Total Assets 6.34b - Current Liab 445.0m))
RoIC = -3.62% (negative operating profit) (NOPAT -212.4m / Invested Capital 5.87b)
WACC = 11.52% (E(698.3m)/V(698.3m) * Re(11.52%) + (debt-free company))
Discount Rate = 11.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 21.55 | Cagr: 1.30%
[DCF] Fair Price = unknown (Cash Flow -261.5m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.08 | # QB: -2
Revenue Correlation: -96.06 | Revenue CAGR: -45.55% | SUE: 0.08 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.48 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=-3.91 | Chg30d=-41.29% | Revisions=+0% | GrowthEPS=-130.3% | GrowthRev=-56.2%
EPS next Year (2027-12-31): EPS=-2.61 | Chg30d=-28.13% | Revisions=-25% | GrowthEPS=+33.2% | GrowthRev=+140.9%
[Analyst] Revisions Ratio: +0% (up=1, down=1)