JKS Stock Analysis: JinkoSolar Holding | NYSE
Solar | NYSE, USA | Market Cap: 801m USD | 12M Return: -29.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.2M
Qual. Beats: 1
Rev. Trend: -91.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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.
JinkoSolar Holding Co., Ltd. is a vertically integrated photovoltaic (solar) products company that designs, develops, manufactures, and markets solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots under the JinkoSolar brand. In addition to its core manufacturing operations, the company provides solar system integration services, EPC (engineering, procurement, and construction) services, energy storage systems, and undertakes solar power generation projects. Its products are sold to distributors, project developers, system integrators, and downstream solar power product manufacturers across markets including China, the United States, India, Saudi Arabia, Australia, Pakistan, Brazil, Poland, Japan, Spain, and Germany.
The company was founded in 2006 and is headquartered in Guangxin, Peoples Republic of China. Vertical integration is a defining feature of large-scale solar manufacturers, allowing them to control costs and quality across the silicon-to-module value chain. JinkoSolar is generally regarded as one of the leading global suppliers of solar modules, competing in a sector driven by renewable energy demand, government incentives, and declining production costs.
- Module pricing collapses amid Chinese solar overcapacity
- US tariffs on Southeast Asia solar imports pressure margins
- TopCon technology transition drives higher efficiency module pricing
| Net Income: -2.81b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -7.89 > 1.0 |
| NWC/Revenue: 30.83% < 20% (prev 19.98%; Δ 10.85% < -1%) |
| CFO/TA 0.01 > 3% & CFO 1.08b > Net Income -2.81b |
| Net Debt (34.0b) to EBITDA (4.04b): 8.43 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.1m) vs 12m ago 1.57% < -2% |
| Gross Margin: 4.83% > 18% (prev 8.39%; Δ -3.56% > 0.5%) |
| Asset Turnover: 38.88% > 50% (prev 67.94%; Δ -29.06% > 0%) |
| Interest Coverage Ratio: -3.61 > 6 (EBIT TTM -3.99b / Interest Expense TTM 1.11b) |
| A: 0.12 (Total Current Assets 72.7b - Total Current Liabilities 57.8b) / Total Assets 126b |
| B: 0.03 (Retained Earnings 3.71b / Total Assets 126b) |
| C: -0.03 (EBIT TTM -3.99b / Avg Total Assets 124b) |
| D: 0.17 (Book Value of Equity 15.9b / Total Liabilities 95.4b) |
| Altman-Z'' = 0.83 = B |
| DSRI: 1.80 (Receivables 16.6b/15.9b, Revenue 48.2b/83.1b) |
| GMI: 1.74 (GM 8.39% / 4.83%) |
| AQI: 1.18 (AQ_t 0.10 / AQ_t-1 0.09) |
| SGI: 0.58 (Revenue 48.2b / 83.1b) |
| TATA: -0.03 (NI -2.81b - CFO 1.08b) / TA 126b) |
| Beneish M = -1.90 (Cap -4..+1) = B |
As of July 11, 2026, the stock is trading at USD 15.77 with a total of 749,035 shares traded. Over the past week, the price has changed by -0.44%, over one month by -1.45%, over three months by -24.90% and over the past year by -29.34%.
Current recommended Stop Loss: 14.40 (which is 8.7% or 1.3 ATR below the current price).
JinkoSolar Holding has received a consensus analysts rating of 3.14. Therefore, it is recommended to hold JKS.
- StrongBuy: 2
- Buy: 0
- Hold: 3
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 26 | 65% |
Market Cap CNY = 5.44b (801.3m USD * 6.7929 USD.CNY)
P/E Forward = 53.1915
P/S = 0.0125
P/B = 0.3525
P/EG = 0.1441
Revenue TTM = 48.2b CNY
EBIT TTM = -3.99b CNY
EBITDA TTM = 4.04b CNY
Long Term Debt = 27.9b CNY (from longTermDebt, last quarter)
Short Term Debt = 21.6b CNY (from shortTermDebt, last quarter)
Debt = 56.8b CNY (from shortLongTermDebtTotal, last quarter) + Leases 3.69b
Net Debt = 34.0b CNY (calculated: Debt 56.8b - CCE 22.8b)
Enterprise Value = 39.5b CNY (5.44b + Debt 56.8b - CCE 22.8b)
Interest Coverage Ratio = -3.61 (Ebit TTM -3.99b / Interest Expense TTM 1.11b)
EV/FCF = -17.79x (Enterprise Value 39.5b / FCF TTM -2.22b)
FCF Yield = -5.62% (FCF TTM -2.22b / Enterprise Value 39.5b)
FCF Margin = -4.61% (FCF TTM -2.22b / Revenue TTM 48.2b)
Net Margin = -5.84% (Net Income TTM -2.81b / Revenue TTM 48.2b)
Gross Margin = 4.83% ((Revenue TTM 48.2b - Cost of Revenue TTM 45.8b) / Revenue TTM)
Gross Margin QoQ = 8.32% (prev 0.31%)
Tobins Q-Ratio = 0.31 (Enterprise Value 39.5b / Total Assets 126b)
Interest Expense / Debt = 1.95% (Interest Expense 1.11b / Debt 56.8b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -3.15b (EBIT -3.99b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.26 (Total Current Assets 72.7b / Total Current Liabilities 57.8b)
Debt / Equity = 3.58 (Debt 56.8b / totalStockholderEquity, last quarter 15.9b)
Debt / EBITDA = 8.43 (Net Debt 34.0b / EBITDA 4.04b)
Debt / FCF = -15.34 (negative FCF - burning cash) (Net Debt 34.0b / FCF TTM -2.22b)
Total Stockholder Equity = 16.5b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.27% (Net Income -2.81b / Total Assets 126b)
RoE = -17.10% (Net Income TTM -2.81b / Total Stockholder Equity 16.5b)
RoCE = -9.00% (EBIT -3.99b / Capital Employed (Equity 16.5b + L.T.Debt 27.9b))
RoIC = -3.63% (negative operating profit) (NOPAT -3.15b / Invested Capital 86.9b)
WACC = 2.33% (E(5.44b)/V(62.3b) * Re(10.61%) + D(56.8b)/V(62.3b) * Rd(1.95%) * (1-Tc(0.21)))
Discount Rate = 10.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.49 | Cagr: -1.20%
[DCF] Fair Price = unknown (Cash Flow -2.22b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.95 | # QB: 1
Revenue Correlation: -91.39 | Revenue CAGR: -30.50% | SUE: 0.40 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.70 | Chg30d=-15.59% | Revisions=+25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.46 | Chg30d=-14.94% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=-3.44 | Chg30d=-1189.72% | Revisions=-25% | GrowthEPS=+61.0% | GrowthRev=+10.9%
EPS next Year (2027-12-31): EPS=0.75 | Chg30d=+90.46% | Revisions=-25% | GrowthEPS=+121.7% | GrowthRev=+18.5%
[Analyst] Revisions Ratio: +0% (up=2, down=2)