Daqo New Energy's third-quarter revenue fell 25% year on year as lower average selling price more than offset higher shipment volume. The company remained deeply loss-making with a negative 31% net margin.
Stricter Chinese energy intensity regulations are set to accelerate the retirement of outdated polysilicon capacity, positioning Daqo for an earlier-than-anticipated turnaround.
The rebalancing of polysilicon supply/demand will take longer than anticipated, resulting in a prolonged downturn.
|
Metric
|
688303
|
601012
|
002129
|
|---|---|---|---|
Price/Earnings (Normalized) | — | — | — |
Price/Book Value | 0.93 | 1.71 | 2.23 |
Price/Sales | 9.64 | 1.28 | 1.22 |
Price/Cash Flow | — | 14.29 | 40.14 |
|
Metric
|
688303
|
601012
|
002129
|
|---|---|---|---|
Quick Ratio | 1.18 | 0.97 | 0.54 |
Current Ratio | 4.01 | 1.34 | 0.85 |
Interest Coverage | −74.18 | −7.92 | −5.02 |
|
Metric
|
688303
|
601012
|
002129
|
|---|---|---|---|
Return on Assets (Normalized) | −5.02% | −5.57% | −7.52% |
Return on Equity (Normalized) | −5.48% | −16.36% | −43.33% |
Return on Invested Capital (Normalized) | −5.44% | −8.99% | −8.02% |
|
1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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United States