(JKS) JinkoSolar Holding - Overview

Sector: Technology | Industry: Solar | Exchange: NYSE (USA) | Market Cap: 1.284m USD | Total Return: 75% in 12m

Solar Modules, Silicon Wafers, Solar Cells
Total Rating 36
Safety 34
Buy Signal 0.00
Solar
Industry Rotation: +20.8
Market Cap: 1.28B
Avg Turnover: 10.1M USD
ATR: 5.04%
Peers RS (IBD): 23.8
Risk 5d forecast
Volatility61.1%
Rel. Tail Risk-7.86%
Reward TTM
Sharpe Ratio0.97
Alpha24.71
Character TTM
Beta1.028
Beta Downside2.140
Drawdowns 3y
Max DD68.93%
CAGR/Max DD-0.24
EPS (Earnings per Share) EPS (Earnings per Share) of JKS over the last years for every Quarter: "2021-03": 0.15, "2021-06": 0.89, "2021-09": 0.05, "2021-12": 0.72, "2022-03": 0.31, "2022-06": -1.11, "2022-09": 0.7, "2022-12": 1.12, "2023-03": 2.31, "2023-06": 3.52, "2023-09": 3.31, "2023-12": 1.21, "2024-03": 1.16, "2024-06": 0.99, "2024-09": 0.09, "2024-12": -1.2827, "2025-03": -2.64, "2025-06": -11.25, "2025-09": -2.01, "2025-12": 0, "2026-03": 0,
EPS CAGR: 2.78%
EPS Trend: -52.0%
Last SUE: 1.50
Qual. Beats: 1
Revenue Revenue of JKS over the last years for every Quarter: 2021-03: 7940.594, 2021-06: 7928.216, 2021-09: 8570.005, 2021-12: 16387.708, 2022-03: 14764.784, 2022-06: 18841.142, 2022-09: 19519.316, 2022-12: 30403.626, 2023-03: 23329.062, 2023-06: 30685.099, 2023-09: 31834.258, 2023-12: 23044.28, 2024-03: 23044.28, 2024-06: 24053.049, 2024-09: 24508.244, 2024-12: 20650.73, 2025-03: 13843.64, 2025-06: 17816.003082, 2025-09: 16158.497, 2025-12: null, 2026-03: null,
Rev. CAGR: -0.37%
Rev. Trend: -8.6%
Last SUE: 0.40
Qual. Beats: 0

Warnings

Interest Coverage Ratio -0.2 is critical

Beneish M-Score -0.45 > -1.5 - likely earnings manipulation

Volatile

Tailwinds

No distinct edge detected

Description: JKS JinkoSolar Holding

JinkoSolar Holding Co., Ltd. (JKS) designs, develops, produces, and markets photovoltaic products. The companys offerings include solar modules, silicon wafers, solar cells, and silicon ingots. JKS also provides solar system integration services and energy storage solutions.

The company sells its products globally to distributors, project developers, system integrators, and solar power product manufacturers. JKS operates in the solar energy sector, a capital-intensive industry focused on renewable power generation. Its business model encompasses both manufacturing components and providing system-level services.

As of December 31, 2024, JKS reported substantial annual production capacities, including 120 GW for mono wafers, 95 GW for solar cells, and 130 GW for solar modules. This integrated capacity is a key competitive factor in the photovoltaic industry.

For more detailed financial data and historical performance, ValueRay offers comprehensive analysis tools.

Headlines to Watch Out For
  • Global solar module demand drives revenue growth
  • Polysilicon and wafer costs impact profit margins
  • Government solar incentives boost project development
  • Trade tariffs on solar products create market uncertainty
  • Energy storage system adoption expands revenue streams
Piotroski VR‑10 (Strict) 2.5
Net Income: -3.41b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 7.75 > 1.0
NWC/Revenue: 23.41% < 20% (prev 14.07%; Δ 9.33% < -1%)
CFO/TA 0.14 > 3% & CFO 16.85b > Net Income -3.41b
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.30 > 1.5 & < 3
Outstanding Shares: last quarter (13.1m) vs 12m ago 2.18% < -2%
Gross Margin: 3.13% > 18% (prev 0.13%; Δ 299.9% > 0.5%)
Asset Turnover: 54.54% > 50% (prev 72.69%; Δ -18.14% > 0%)
Interest Coverage Ratio: -0.17 > 6 (EBITDA TTM -4.69b / Interest Expense TTM 1.34b)
Altman Z'' 1.29
A: 0.13 (Total Current Assets 69.96b - Total Current Liabilities 53.93b) / Total Assets 120.84b
B: 0.07 (Retained Earnings 8.64b / Total Assets 120.84b)
C: -0.00 (EBIT TTM -228.0m / Avg Total Assets 125.53b)
D: 0.19 (Book Value of Equity 17.10b / Total Liabilities 90.73b)
Altman-Z'' Score: 1.29 = BB
Beneish M -0.45
DSRI: 1.07 (Receivables 18.25b/23.58b, Revenue 68.47b/94.65b)
GMI: 4.06 (GM 3.13% / 12.68%)
AQI: 1.21 (AQ_t 0.09 / AQ_t-1 0.07)
SGI: 0.72 (Revenue 68.47b / 94.65b)
TATA: -0.17 (NI -3.41b - CFO 16.85b) / TA 120.84b)
Beneish M-Score: -0.45 (Cap -4..+1) = D
What is the price of JKS shares? As of April 09, 2026, the stock is trading at USD 23.77 with a total of 426,364 shares traded.
Over the past week, the price has changed by -6.53%, over one month by -0.96%, over three months by -11.41% and over the past year by +75.04%.
Is JKS a buy, sell or hold? JinkoSolar Holding has received a consensus analysts rating of 3.14. Therefor, it is recommend to hold JKS.
  • StrongBuy: 2
  • Buy: 0
  • Hold: 3
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the JKS price?
Analysts Target Price 33.4 40.5%
JinkoSolar Holding (JKS) - Fundamental Data Overview as of 07 April 2026
Market Cap CNY = 8.84b (1.28b USD * 6.8826 USD.CNY)
P/E Forward = 53.1915
P/S = 0.0187
P/B = 0.5179
P/EG = 0.1441
Revenue TTM = 68.47b CNY
EBIT TTM = -228.0m CNY
EBITDA TTM = -4.69b CNY
Long Term Debt = 30.52b CNY (from longTermDebt, last quarter)
Short Term Debt = 18.61b CNY (from shortTermDebt, last quarter)
Debt = 49.37b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 25.93b CNY (from netDebt column, last quarter)
Enterprise Value = 34.77b CNY (8.84b + Debt 49.37b - CCE 23.44b)
Interest Coverage Ratio = -0.17 (Ebit TTM -228.0m / Interest Expense TTM 1.34b)
EV/FCF = 4.65x (Enterprise Value 34.77b / FCF TTM 7.48b)
FCF Yield = 21.52% (FCF TTM 7.48b / Enterprise Value 34.77b)
FCF Margin = 10.93% (FCF TTM 7.48b / Revenue TTM 68.47b)
Net Margin = -4.99% (Net Income TTM -3.41b / Revenue TTM 68.47b)
Gross Margin = 3.13% ((Revenue TTM 68.47b - Cost of Revenue TTM 66.33b) / Revenue TTM)
Gross Margin QoQ = 7.31% (prev 2.93%)
Tobins Q-Ratio = 0.29 (Enterprise Value 34.77b / Total Assets 120.84b)
Interest Expense / Debt = 0.66% (Interest Expense 326.8m / Debt 49.37b)
Taxrate = 21.0% (US default 21%)
NOPAT = -180.1m (EBIT -228.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.30 (Total Current Assets 69.96b / Total Current Liabilities 53.93b)
Debt / Equity = 2.89 (Debt 49.37b / totalStockholderEquity, last quarter 17.10b)
 Debt / EBITDA = -5.53 (negative EBITDA) (Net Debt 25.93b / EBITDA -4.69b)
 Debt / FCF = 3.47 (Net Debt 25.93b / FCF TTM 7.48b)
Total Stockholder Equity = 18.12b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.72% (Net Income -3.41b / Total Assets 120.84b)
RoE = -18.83% (Net Income TTM -3.41b / Total Stockholder Equity 18.12b)
RoCE = -0.47% (EBIT -228.0m / Capital Employed (Equity 18.12b + L.T.Debt 30.52b))
 RoIC = -0.28% (negative operating profit) (NOPAT -180.1m / Invested Capital 65.18b)
 WACC = 1.90% (E(8.84b)/V(58.21b) * Re(9.60%) + D(49.37b)/V(58.21b) * Rd(0.66%) * (1-Tc(0.21)))
Discount Rate = 9.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -51.62%
[DCF] Terminal Value 80.82% ; FCFF base≈7.48b ; Y1≈4.91b ; Y5≈2.25b
[DCF] Fair Price = 878.4 (EV 71.30b - Net Debt 25.93b = Equity 45.37b / Shares 51.7m; r=6.0% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -52.04 | EPS CAGR: 2.78% | SUE: 1.50 | # QB: 1
Revenue Correlation: -8.58 | Revenue CAGR: -0.37% | SUE: 0.40 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.87 | Chg7d=+0.631 | Chg30d=+0.631 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=0.32 | Chg7d=+0.000 | Chg30d=+0.010 | Revisions Net=+0 | Growth EPS=+0.0% | Growth Revenue=+38.9%
EPS next Year (2027-12-31): EPS=0.39 | Chg7d=+0.000 | Chg30d=+0.013 | Revisions Net=+0 | Growth EPS=+24.4% | Growth Revenue=+9.0%
External Resources
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