(DQ) Daqo New Energy - Overview
Sector: Technology | Industry: Semiconductor Equipment & Materials | Exchange: NYSE (USA) | Market Cap: 1.203m USD | Total Return: 27.1% in 12m
Avg Turnover: 14.6M
Qual. Beats: -1
Rev. Trend: -97.5%
Qual. Beats: -1
Warnings
Interest Coverage Ratio -1.1 is critical
Below Avwap Earnings
Tailwinds
No distinct edge detected
Daqo New Energy Corp. is a China-based manufacturer specializing in high-purity polysilicon for the global solar photovoltaic (PV) industry. The company produces ready-to-use polysilicon essential for the fabrication of ingots, wafers, cells, and modules used in solar power generation. As a key upstream supplier, Daqo operates within the semiconductor materials sector, where production efficiency and material purity are critical drivers of cost-competitiveness.
The business model relies on large-scale chemical vapor deposition to convert metallurgical grade silicon into solar-grade polysilicon. This industry is highly sensitive to fluctuations in global solar installation demand and raw material electricity costs, which represent a significant portion of production overhead. Investors can analyze detailed valuation metrics for this ticker on ValueRay to better understand its market position.
- Global polysilicon oversupply and declining ASPs compress quarterly gross margins
- Low-cost electricity and production scale influence competitive advantage in China
- Shift toward high-purity N-type polysilicon determines market share and premium pricing
- US trade restrictions and Xinjiang-related labor regulations impact global export potential
- Solar installation demand in China dictates domestic polysilicon shipment volumes and revenue
| Net Income: -187.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 6.22 > 1.0 |
| NWC/Revenue: 375.5% < 20% (prev 287.3%; Δ 88.25% < -1%) |
| CFO/TA -0.01 > 3% & CFO -52.6m > Net Income -187.3m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 6.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (67.7m) vs 12m ago 2.28% < -2% |
| Gross Margin: -34.45% > 18% (prev -0.50%; Δ -3.40k% > 0.5%) |
| Asset Turnover: 8.99% > 50% (prev 11.69%; Δ -2.69% > 0%) |
| Interest Coverage Ratio: -1.12 > 6 (EBITDA TTM 96.4m / Interest Expense TTM 129.9m) |
| DSRI: 0.43 (Receivables 20.8m/62.8m, Revenue 568.8m/737.4m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.39 (AQ_t 0.06 / AQ_t-1 0.04) |
| SGI: 0.77 (Revenue 568.8m / 737.4m) |
| TATA: -0.02 (NI -187.3m - CFO -52.6m) / TA 6.34b) |
| Beneish M = -3.45 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 17.78 with a total of 573,171 shares traded.
Over the past week, the price has changed by -2.25%,
over one month by -22.66%,
over three months by -30.49% and
over the past year by +27.09%.
Daqo New Energy has received a consensus analysts rating of 3.78. Therefore, it is recommended to hold DQ.
- StrongBuy: 2
- Buy: 3
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 29.3 | 64.6% |
P/E Forward = 21.3675
P/S = 2.1173
P/B = 0.2739
P/EG = 0.1738
Revenue TTM = 568.8m USD
EBIT TTM = -145.9m USD
EBITDA TTM = 96.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.20b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = -1.12 (Ebit TTM -145.9m / Interest Expense TTM 129.9m)
EV/FCF = -5.92x (Enterprise Value 1.20b / FCF TTM -203.4m)
FCF Yield = -16.90% (FCF TTM -203.4m / Enterprise Value 1.20b)
FCF Margin = -35.75% (FCF TTM -203.4m / Revenue TTM 568.8m)
Net Margin = -32.94% (Net Income TTM -187.3m / Revenue TTM 568.8m)
Gross Margin = -34.45% ((Revenue TTM 568.8m - Cost of Revenue TTM 764.8m) / Revenue TTM)
Gross Margin QoQ = none% (prev 6.96%)
Tobins Q-Ratio = 0.19 (Enterprise Value 1.20b / Total Assets 6.34b)
Interest Expense / Debt = unknown (Interest Expense 129.9m / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = -115.3m (EBIT -145.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.02 (Total Current Assets 2.56b / Total Current Liabilities 425.7m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 96.4m)
Debt / FCF = unknown (Net Debt none / FCF TTM -203.4m)
Total Stockholder Equity = 4.37b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.96% (Net Income -187.3m / Total Assets 6.34b)
RoE = -4.29% (Net Income TTM -187.3m / Total Stockholder Equity 4.37b)
RoCE = -2.47% (EBIT -145.9m / Capital Employed (Total Assets 6.34b - Current Liab 425.7m))
RoIC = -2.03% (negative operating profit) (NOPAT -115.3m / Invested Capital 5.66b)
WACC = 9.89% (E(1.20b)/V(1.20b) * Re(9.89%) + (debt-free company))
Discount Rate = 9.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 75.02 | Cagr: 1.30%
[DCF] Fair Price = unknown (Cash Flow -203.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.59 | # QB: -1
Revenue Correlation: -97.49 | Revenue CAGR: -49.16% | SUE: -2.84 | # QB: -1
EPS current Quarter (2026-06-30): EPS=-0.77 | Chg30d=-250.00% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.78 | Chg30d=-129.41% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=-2.46 | Chg30d=-111.72% | Revisions=-20% | GrowthEPS=-44.5% | GrowthRev=-9.9%
EPS next Year (2027-12-31): EPS=-1.09 | Chg30d=-199.53% | Revisions=N/A | GrowthEPS=+55.4% | GrowthRev=+92.2%
[Analyst] Revisions Ratio: +20%