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MAXN - Maxeon Solar Technologies, Ltd.

NASDAQ -> Technology -> Solar
Singapore, Singapore
Type: Equity

MAXN price evolution
MAXN
(in millions $) 2 Aug 2023 2 May 2023 1 Feb 2023 2 Nov 2022
Current assets
Cash $208.1 $375.46 $278.85 $227.44
Short term investments $60 $60.99 $1.01 $76.97
Net receivables $63.14 $73.61 $56.44 $72.35
Inventory $349.34 $316.44 $303.23 $300.85
Total current assets $954.23 $780.96 $791.05 $768.99
Long term investments
Property, plant & equipment $387.17 $391.63 $398.31 $403.82
Goodwill & intangible assets $0.28 $0.31 $0.34 $0.29
Total noncurrent assets $461.39 $500.09 $486.58 $469.37
Total investments $60 $60.99 $1.01 $76.97
Total assets $1454.31 $1267.54 $1260.42 $1256.51
Current liabilities
Accounts payable $211.91 $214.35 $247.87 $293.28
Deferred revenue
Short long term debt $29.38 $40.84 $55.27 $53.94
Total current liabilities $538.32 $602.06 $576.23 $569.09
Long term debt $383.46 $381.86 $380.26 $378.68
Total noncurrent liabilities $608.64 $642.9 $591.32 $636.12
Total debt $435.13 $446.15 $456.96 $449.8
Total liabilities $1187.05 $1199.17 $1217.98 $1131.67
Shareholders' equity
Retained earnings -$501.5 -$499.99 -$520.26 -$444.56
Other shareholder equity -$20.55 -$20.48 -$22.11 -$12
Total shareholder equity $169.85 $267.26 $68.37 $42.44
(in millions $) 31 Jan 2023 31 Dec 2021 31 Dec 2020 31 Dec 2019
Current assets
Cash $227.44 $166.54 $206.74 $120.96
Short term investments $76.97 $1.08 $1.36 $6.19
Net receivables $83.15 $39.73 $76.7 $150.37
Inventory $303.23 $212.82 $169.24 $194.85
Total current assets $791.05 $533.12 $547.2 $618.12
Long term investments $29.71 $34.39
Property, plant & equipment $398.31 $402.03 $260.39 $299.96
Goodwill & intangible assets $0.29 $0.42 $0.46 $5.09
Total noncurrent assets $469.37 $523.42 $433.15 $372.09
Total investments $76.97 $1.08 $1.36 $6.19
Total assets $1260.42 $1056.54 $980.34 $990.21
Current liabilities
Accounts payable $247.87 $270.48 $159.18 $286.46
Deferred revenue
Short long term debt $53.94 $27.82 $50.88 $62.75
Total current liabilities $576.23 $421.04 $308.13 $520.72
Long term debt $380.26 $159.45 $148.1 $19.82
Total noncurrent liabilities $636.12 $280.63 $232.92 $101.97
Total debt $449.8 $187.27 $198.98 $82.57
Total liabilities $1217.98 $701.67 $541.06 $622.69
Shareholders' equity
Retained earnings -$520.26 -$262.96 -$8.44
Other shareholder equity -$22.11 -$11.84 -$10.39 -$7.62
Total shareholder equity $42.44 $349.46 $432.64 $362.22
(in millions $) 2 Aug 2023 2 May 2023 1 Feb 2023 2 Nov 2022
Revenue
Total revenue $348.37 $318.33 $323.5 $275.45
Cost of revenue
Gross Profit $56.22 $53.63 $20.09 -$15.75
Operating activities
Research & development
Selling, general & administrative
Total operating expenses $47.5 $42.1 $37.54 $41.11
Operating income
Income from continuing operations
EBIT
Income tax expense $5.89 $5.98 $28.03 $2.4
Interest expense -$4.18 $14.85 -$27.03 $16.49
Net income
Net income -$1.51 $20.27 -$75.7 -$44.69
Income (for common shares)
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Revenue
Total revenue $1060.11 $783.28 $844.84 $1198.3
Cost of revenue $1108.06 $812.29 $854.62 $1200.61
Gross Profit -$47.95 -$29.01 -$9.78 -$2.31
Operating activities
Research & development $49.68 $46.53 $34.19 $37
Selling, general & administrative $100.55 $88.82 $86.2 $96.86
Total operating expenses $152.35 $143.43 $120.4 $161.13
Operating income -$200.29 -$172.45 -$130.18 -$163.44
Income from continuing operations
EBIT -$207.42 -$226.47 -$98.64 -$147.11
Income tax expense $32.19 $0.2 $12.13 $10.12
Interest expense $27.81 $27.85 $31.86 $25.83
Net income
Net income -$267.42 -$254.52 -$142.63 -$183.06
Income (for common shares) -$267.42 -$254.52 -$142.63 -$183.06
(in millions $) 2 Aug 2023 2 May 2023 1 Feb 2023 2 Nov 2022
Net income
Operating activities
Depreciation
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations
Investing activities
Capital expenditures
Investments
Total cash flows from investing -$24.81 $59.37 -$139.3 -$132.03
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings
Total cash flows from financing $178.99 -$0.19 $211.47 $213.31
Effect of exchange rate $0.08 $0.06 $0.12 $0.35
Change in cash and equivalents $127.94 $35.78 $75.73 $45.33
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net income -$267.42 -$254.52 -$142.63 -$183.06
Operating activities
Depreciation $56.22 $42.21 $47.33 $53.45
Business acquisitions & disposals -$26.78
Stock-based compensation $14.58 $7.23 $7.25 $7.13
Total cash flows from operations $3.44 -$4.87 -$189.16 -$26.34
Investing activities
Capital expenditures -$63.29 -$154.67 -$26.41 -$41.64
Investments -$76.01 $0.22 $7.69
Total cash flows from investing -$139.3 -$154.45 -$45.49 -$41.87
Financing activities
Dividends paid -$134.27 $92.41
Sale and purchase of stock $169.68 $296.76
Net borrowings $211.79 -$23.63 $199.46 -$2.52
Total cash flows from financing $211.47 $141.81 $320.35 $89.88
Effect of exchange rate $0.12 $0.17 $0.08 $0.38
Change in cash and equivalents $75.73 -$17.34 $85.77 $22.05
Fundamentals
Market cap $175.31M
Enterprise value $402.34M
Shares outstanding 52.65M
Revenue $1.27B
EBITDA N/A
EBIT N/A
Net Income -$101.63M
Revenue Q/Q 46.33%
Revenue Y/Y N/A
P/E ratio -1.73
EV/Sales 0.32
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 0.14
P/B ratio 0.92
Book/Share 3.62
Cash/Share 3.95
EPS -$1.93
ROA -7.76%
ROE -74.19%
Debt/Equity 28.70
Net debt/EBITDA N/A
Current ratio 1.77
Quick ratio 1.12