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Daqo New Energy Corp. (DQ) Report Analysis

Corporate Events

Negative

Daqo New Energy Announces Appointments of Vice ...

2022-06-08 07:49:00

Daqo New Energy Corp. announced the appointments of Mr. Xiang Xu as the Vice Chairman of the board of directors and Mr. Fei Ge as a new direct...

Positive

Daqo New Energy Corp. (NYSE:DQ) announces an Eq...

2022-06-01 16:01:00

Daqo New Energy Corp. (NYSE:DQ) announces a share repurchase program. Under the program, the company will repurchase up to $120 million worth ...

Positive

Daqo New Energy Corp. authorizes a Buyback Plan.

2022-06-01 00:00:00

The Board of Directors of Daqo New Energy Corp. has authorized a buyback plan on June 1, 2022.

Neutral

Daqo New Energy Corp. Provides Production Guida...

2022-04-21 10:45:00

Daqo New Energy Corp. provided production guidance for the second quarter of 2022 and full year of 2022. For the quarter, the company expected...

Neutral

Daqo New Energy Corp., Q1 2022 Earnings Call, A...

2022-04-12 11:50:00

Daqo New Energy Corp., Q1 2022 Earnings Call, Apr 21, 2022

Neutral

Daqo New Energy Corp. to Report Q1, 2022 Result...

2022-04-12 11:50:00

Daqo New Energy Corp. announced that they will report Q1, 2022 results Pre-Market on Apr 21, 2022

Neutral

Daqo New Energy Corp., Annual General Meeting, ...

2022-03-15 20:02:00

Daqo New Energy Corp., Annual General Meeting, Apr 07, 2022. Agenda: To approve dividend; and to approve net profit.

Negative

Daqo New Energy Corp.(NYSE:DQ) dropped from Ard...

2021-12-16 00:00:00

Daqo New Energy Corp. has been dropped off from Ardour Solar Energy Index .

Positive

Daqo New Energy Corp. Begins Pilot Production A...

2021-12-06 09:59:00

Daqo New Energy Corp. announced that it had completed the construction ahead of schedule and begun pilot production at its new 35,000 MT Phase...

Neutral

Daqo New Energy Corp. Presents at 12th Annual C...

2021-10-29 18:11:00

Daqo New Energy Corp. Presents at 12th Annual China Investment Conference, Nov-01-2021 . Venue: Shenzhen, China.

Neutral

Daqo New Energy Corp. Provides Consolidated Pro...

2021-10-28 10:30:00

Daqo New Energy Corp. provided consolidated production guidance for the full year 2021. For the full year, the company's guidance on annual po...

Neutral

Daqo New Energy Corp. Presents at Bernstein Ope...

2021-10-26 12:24:00

Daqo New Energy Corp. Presents at Bernstein Operational Decisions Conference, Nov-02-2021 . Speakers: Kevin He, Head of Investor Relations.

Neutral

Sanford C. Bernstein & Co., LLC, Bernstein Oper...

2021-10-26 11:00:00

Sanford C. Bernstein & Co., LLC, Bernstein Operational Decisions Conference, Nov 02, 2021 through Nov 04, 2021.

Neutral

Daqo New Energy Corp., Annual General Meeting, ...

2021-10-22 05:34:00

Daqo New Energy Corp., Annual General Meeting, Dec 03, 2021, at 10:00 China Standard Time. Location: Daqo New Energy Corp.Shanghai Office, 29t...

Neutral

Daqo New Energy Corp., Q3 2021 Earnings Call, O...

2021-10-15 05:09:00

Daqo New Energy Corp., Q3 2021 Earnings Call, Oct 28, 2021

Neutral

Daqo New Energy Corp. to Report Q3, 2021 Result...

2021-10-15 05:09:00

Daqo New Energy Corp. announced that they will report Q3, 2021 results Pre-Market on Oct 28, 2021

Neutral

Daqo New Energy Corp. Presents at Credit Suisse...

2021-10-13 13:39:00

Daqo New Energy Corp. Presents at Credit Suisse 2021 Specialty Chemicals Conference, Nov-30-2021 09:00 AM. Speakers: Ming Yang, Chief Financia...

Neutral

Credit Suisse Group AG, Credit Suisse 2021 Spec...

2021-10-13 08:19:00

Credit Suisse Group AG, Credit Suisse 2021 Specialty Chemicals Conference, Nov 30, 2021.

Neutral

Daqo New Energy Corp. Provides Production Guida...

2021-08-18 11:00:00

Daqo New Energy Corp. provided production guidance for the year 2021. For the year, the company raises its production guidance from the previo...

Neutral

Daqo New Energy Corp. Presents at Bernstein's 1...

2021-08-17 05:50:00

Daqo New Energy Corp. Presents at Bernstein's 18th Annual Strategic Decisions Conference, Sep-22-2021 . Venue: London, United Kingdom. Speaker...

Neutral

Daqo New Energy Corp. to Report Q2, 2021 Result...

2021-08-10 06:03:00

Daqo New Energy Corp. announced that they will report Q2, 2021 results Pre-Market on Aug 18, 2021

Neutral

Daqo New Energy Corp., Q2 2021 Earnings Call, A...

2021-08-10 06:03:00

Daqo New Energy Corp., Q2 2021 Earnings Call, Aug 18, 2021

Negative

Daqo New Energy Announces Appointments of Vice Chairman and New Director

2022-06-08 07:49:00

Daqo New Energy Corp. announced the appointments of Mr. Xiang Xu as the Vice Chairman of the board of directors and Mr. Fei Ge as a new director of the Company, effective on June 8, 2022. Mr. Xiang Xu has been serving as a director of the Company since its initial public offering and he is also the chair of the corporate governance and nominating committee of the Company. Mr. Fei Ge is the Executive President of Daqo Group and is responsible for technology innovation and digitalized manufacturing. Mr. Ge served as a director of the Company from its initial public offering until February 2013. Mr. Ge holds an MBA degree from Nanjing University.

Positive

Daqo New Energy Corp. (NYSE:DQ) announces an Equity Buyback for $120 million worth of its shares.

2022-06-01 16:01:00

Daqo New Energy Corp. (NYSE:DQ) announces a share repurchase program. Under the program, the company will repurchase up to $120 million worth of its issued and outstanding ordinary shares or American depositary shares. The program is valid till May 31, 2023.

Positive

Daqo New Energy Corp. authorizes a Buyback Plan.

2022-06-01 00:00:00

The Board of Directors of Daqo New Energy Corp. has authorized a buyback plan on June 1, 2022.

Neutral

Daqo New Energy Corp. Provides Production Guidance for the Second Quarter of 2022 and Full Year of 2022

2022-04-21 10:45:00

Daqo New Energy Corp. provided production guidance for the second quarter of 2022 and full year of 2022. For the quarter, the company expected to produce approximately 32,000 MT to 34,000 MT of polysilicon.For the year, the company expected to produce approximately 120,000 MT to 125,000 MT of polysilicon.

Neutral

Daqo New Energy Corp., Q1 2022 Earnings Call, Apr 21, 2022

2022-04-12 11:50:00

Daqo New Energy Corp., Q1 2022 Earnings Call, Apr 21, 2022

Neutral

Daqo New Energy Corp. to Report Q1, 2022 Results on Apr 21, 2022

2022-04-12 11:50:00

Daqo New Energy Corp. announced that they will report Q1, 2022 results Pre-Market on Apr 21, 2022

Neutral

Daqo New Energy Corp., Annual General Meeting, Apr 07, 2022

2022-03-15 20:02:00

Daqo New Energy Corp., Annual General Meeting, Apr 07, 2022. Agenda: To approve dividend; and to approve net profit.

Negative

Daqo New Energy Corp.(NYSE:DQ) dropped from Ardour Solar Energy Index

2021-12-16 00:00:00

Daqo New Energy Corp. has been dropped off from Ardour Solar Energy Index .

Positive

Daqo New Energy Corp. Begins Pilot Production At New Phase 4B Polysilicon Production Facility

2021-12-06 09:59:00

Daqo New Energy Corp. announced that it had completed the construction ahead of schedule and begun pilot production at its new 35,000 MT Phase 4B polysilicon production facility. The Company expects its Phase 4B polysilicon production facility to gradually ramp up to full production capacity and to increase its total annual production capacity to 105,000 MT by the end of the first quarter of 2022.

Neutral

Daqo New Energy Corp. Presents at 12th Annual China Investment Conference, Nov-01-2021

2021-10-29 18:11:00

Daqo New Energy Corp. Presents at 12th Annual China Investment Conference, Nov-01-2021 . Venue: Shenzhen, China.

Neutral

Daqo New Energy Corp. Provides Consolidated Production Guidance for the Full Year 2021

2021-10-28 10:30:00

Daqo New Energy Corp. provided consolidated production guidance for the full year 2021. For the full year, the company's guidance on annual polysilicon production volume is at the level of approximately 83,000 MT to 85,000 MT, inclusive of the impact of the company's annual facility maintenance.

Neutral

Daqo New Energy Corp. Presents at Bernstein Operational Decisions Conference, Nov-02-2021

2021-10-26 12:24:00

Daqo New Energy Corp. Presents at Bernstein Operational Decisions Conference, Nov-02-2021 . Speakers: Kevin He, Head of Investor Relations.

Neutral

Sanford C. Bernstein & Co., LLC, Bernstein Operational Decisions Conference, Nov 02, 2021 through Nov 04, 2021

2021-10-26 11:00:00

Sanford C. Bernstein & Co., LLC, Bernstein Operational Decisions Conference, Nov 02, 2021 through Nov 04, 2021.

Neutral

Daqo New Energy Corp., Annual General Meeting, Dec 03, 2021

2021-10-22 05:34:00

Daqo New Energy Corp., Annual General Meeting, Dec 03, 2021, at 10:00 China Standard Time. Location: Daqo New Energy Corp.Shanghai Office, 29th Floor, Huadu Building, No. 838 Zhangyang Road, Pudong District, Shanghai 200122 Shanghai China

Neutral

Daqo New Energy Corp., Q3 2021 Earnings Call, Oct 28, 2021

2021-10-15 05:09:00

Daqo New Energy Corp., Q3 2021 Earnings Call, Oct 28, 2021

Neutral

Daqo New Energy Corp. to Report Q3, 2021 Results on Oct 28, 2021

2021-10-15 05:09:00

Daqo New Energy Corp. announced that they will report Q3, 2021 results Pre-Market on Oct 28, 2021

Neutral

Daqo New Energy Corp. Presents at Credit Suisse 2021 Specialty Chemicals Conference, Nov-30-2021 09:00 AM

2021-10-13 13:39:00

Daqo New Energy Corp. Presents at Credit Suisse 2021 Specialty Chemicals Conference, Nov-30-2021 09:00 AM. Speakers: Ming Yang, Chief Financial Officer.

Neutral

Credit Suisse Group AG, Credit Suisse 2021 Specialty Chemicals Conference, Nov 30, 2021

2021-10-13 08:19:00

Credit Suisse Group AG, Credit Suisse 2021 Specialty Chemicals Conference, Nov 30, 2021.

Neutral

Daqo New Energy Corp. Provides Production Guidance for the Year 2021

2021-08-18 11:00:00

Daqo New Energy Corp. provided production guidance for the year 2021. For the year, the company raises its production guidance from the previous level of 81,000 to 83,000 MT to the level of approximately 83,000 to 85,000 MT of polysilicon for the full year, inclusive of the impact of the Company's annual facility maintenance.

Neutral

Daqo New Energy Corp. Presents at Bernstein's 18th Annual Strategic Decisions Conference, Sep-22-2021

2021-08-17 05:50:00

Daqo New Energy Corp. Presents at Bernstein's 18th Annual Strategic Decisions Conference, Sep-22-2021 . Venue: London, United Kingdom. Speakers: Kevin He, Head of Investor Relations.

Neutral

Daqo New Energy Corp. to Report Q2, 2021 Results on Aug 18, 2021

2021-08-10 06:03:00

Daqo New Energy Corp. announced that they will report Q2, 2021 results Pre-Market on Aug 18, 2021

Neutral

Daqo New Energy Corp., Q2 2021 Earnings Call, Aug 18, 2021

2021-08-10 06:03:00

Daqo New Energy Corp., Q2 2021 Earnings Call, Aug 18, 2021

Fundamental Summary

Daqo New published impressively positive results on 2022-04-27. Their balanced results conveyed remarkable strength in terms of income and value factors. These above-average results make a strong case overperformance and for anticipating significant upside potential. As such, Daqo New received an overall score of 95 and a STRONG BUY recommendation.

Daqo New reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 1,280.32 million compared to USD 256.1 million a year ago. Net income was USD 535.84 million compared to USD 83.22 million a year ago. Basic earnings per share from continuing operations was USD 7.15 compared to USD 1.15 a year ago. Diluted earnings per share from continuing operations was USD 7 compared to USD 1.1 a year ago.

Business Description

Daqo New, together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufactures in the People’s Republic of China. Its products are used in ingots, wafers, cells, and modules for solar power solutions. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New in August 2009. Daqo New was founded in 2006 and is based in Shanghai, the People’s Republic of China.

Sector Overview

Daqo New is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Daqo New's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 4,412.9 32.0% 62
Liabilities 1,072.7 57.8% 92
Price to Book 1.3 -5.7% 93
Cash & Equivalents 1,127.7 55.8% 95
Equity 2,705.9 25.2% 81
EBITDA 1,826.0 61.8% 96
Total Revenues 2,703.0 61.0% 37
Parameter Value Change Score
Return on Equity 68.4 36.9% 94
Net Cashflow 899.9 48.6% 78
Capital Expenditure -527.6 -5.8% 63
Asset Turnover 0.9 26.1% 96
Free Cashflow 2.3 32.3% 86

* All values are TTM

The below chart reflects Daqo New's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Daqo New's peer average final assessment score stands on 71.0, Daqo New's score is 95.

  •  DQ
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Wolfspeed, Inc. 8.7B 73 69 55
Hold
67
67 0 1
Onto Innovation Inc. 3.7B 77 67 85
Buy
85
85 1 1
JinkoSolar Holding Co., Ltd. 3.3B 89 62 74
Buy
81
81 2 1
NeoPhotonics Corporation 837.4M 66 69 72
Hold
72
72 3 1
Magnachip Semiconductor Corporation 681.9M 74 90 57
Buy
83
83 4 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 5 1
Valens Semiconductor Ltd. 350.3M 75 65 66
Hold
75
75 6 1
Rockley Photonics Holdings Limited 338.0M 41 79 59
Underperform
58
58 7 1
NVIDIA Corporation 422.4B 71 63 82
Hold
76
76 8 1
Intel Corporation 157.9B 77 76 58
Hold
75
75 9 1
Texas Instruments Incorporated 143.5B 76 74 70
Buy
80
80 10 1
QUALCOMM Incorporated 142.4B 82 66 77
Buy
82
82 11 1
Advanced Micro Devices, Inc. 139.6B 88 59 57
Hold
69
69 12 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 13 1
Applied Materials, Inc. 84.9B 60 72 69
Hold
69
69 14 1
Analog Devices, Inc. 78.3B 69 65 84
Hold
78
78 15 1
Micron Technology, Inc. 65.6B 81 74 80
Strong Buy
89
89 16 1
Lam Research Corporation 62.4B 59 74 68
Hold
70
70 17 1
KLA Corporation 50.5B 66 67 74
Hold
72
72 18 1
NXP Semiconductors N.V. 41.7B 64 71 73
Hold
73
73 19 1
Marvell Technology, Inc. 40.5B 60 64 65
Hold
61
61 20 1
Microchip Technology Incorporated 33.6B 78 71 79
Buy
85
85 21 1
Enphase Energy, Inc. 27.8B 58 57 60
Underperform
53
53 22 1
GLOBALFOUNDRIES Inc. 24.5B 78 70 64
Hold
75
75 23 1
ON Semiconductor Corporation 23.5B 81 73 70
Buy
82
82 24 1
Monolithic Power Systems, Inc. 19.4B 84 66 77
Buy
83
83 25 1
SolarEdge Technologies, Inc. 16.5B 82 53 43
Underperform
54
54 26 1
Skyworks Solutions, Inc. 15.8B 62 70 71
Hold
70
70 27 1
Teradyne, Inc. 15.7B 51 75 68
Hold
66
66 28 1
Entegris, Inc. 14.2B 70 69 65
Hold
70
70 29 1
Qorvo, Inc. 10.6B 67 71 73
Hold
75
75 30 1
First Solar, Inc. 7.5B 58 73 53
Underperform
60
60 31 1
Lattice Semiconductor Corporation 7.2B 68 71 77
Hold
78
78 32 1
MKS Instruments, Inc. 6.0B 70 74 59
Hold
70
70 33 1
Universal Display Corporation 5.4B 75 68 71
Hold
76
76 34 1
Silicon Laboratories Inc. 5.3B 71 70 86
Buy
84
84 35 1
CMC Materials, Inc. 5.2B 80 76 75
Strong Buy
87
87 36 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 37 1
Synaptics Incorporated 5.1B 81 68 67
Hold
76
76 38 1
Power Integrations, Inc. 4.5B 61 80 82
Buy
83
83 39 1
Amkor Technology, Inc. 4.3B 74 70 60
Hold
71
71 40 1
Cirrus Logic, Inc. 4.1B 86 67 91
Strong Buy
92
92 41 1
Allegro MicroSystems, Inc. 4.1B 74 61 56
Hold
62
62 42 1
SiTime Corporation 3.8B 58 64 62
Underperform
59
59 43 1
Semtech Corporation 3.6B 67 75 78
Buy
80
80 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 69 76 69
Hold
77
77 45 1
SunPower Corporation 3.2B 61 49 74
Underperform
56
56 46 1
FormFactor, Inc. 3.1B 83 80 68
Strong Buy
87
87 47 1
Diodes Incorporated 3.1B 61 76 72
Hold
75
75 48 1
Silicon Motion Technology Corporation 2.9B 54 72 61
Hold
65
65 49 1
Nova Ltd. 2.8B 61 70 54
Hold
64
64 50 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 51 1
Ambarella, Inc. 2.7B 63 71 80
Hold
77
77 52 1
Kulicke and Soffa Industries, Inc. 2.7B 57 79 83
Buy
80
80 53 1
Rambus Inc. 2.4B 48 64 90
Hold
69
69 54 1
Canadian Solar Inc. 2.2B 58 72 71
Hold
72
72 55 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 56 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 57 1
Himax Technologies, Inc. 1.6B 77 70 67
Buy
79
79 58 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 59 1
Ultra Clean Holdings, Inc. 1.4B 63 63 62
Hold
60
60 60 1
Cohu, Inc. 1.4B 57 75 59
Hold
64
64 61 1
Photronics, Inc. 1.3B 68 71 83
Buy
81
81 62 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 63 1
SMART Global Holdings, Inc. 1.1B 86 65 62
Hold
75
75 64 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 65 1
Alpha and Omega Semiconductor Limited 957.1M 77 69 54
Hold
68
68 66 1
ACM Research, Inc. 950.7M 52 67 50
Underperform
50
50 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 68 1
PDF Solutions, Inc. 813.0M 62 71 89
Buy
82
82 69 1
CEVA, Inc. 804.5M 73 71 71
Hold
77
77 70 1
Ichor Holdings, Ltd. 789.3M 59 67 59
Underperform
59
59 71 1
indie Semiconductor, Inc. 752.7M 44 43 85
Underperform
50
50 72 1
Maxeon Solar Technologies, Ltd. 603.6M 53 49 84
Hold
60
60 73 1
Navitas Semiconductor Corporation 575.2M 67 53 90
Hold
72
72 74 1
Rigetti Computing, Inc. 426.1M 98 73 58
Buy
85
85 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 76 1
Meta Materials Inc. 414.9M 41 43 84
Underperform
47
47 77 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 78 1
CyberOptics Corporation 278.5M 74 71 72
Buy
78
78 79 1
Transphorm, Inc. 260.9M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Daqo New's stock is now priced above its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the near, medium, and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Daqo New's stock indicates that it's likely oversold. Overall, these technical indicators signal positive upward momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 78.

Bullish 78
Close Price 72.11
52W Low 35.72
52W High 79.38
5D MA 68.01
50D MA 49.54
200D MA 50.34
MACD 5.37
RSI 15.24
STOCH 100.0

Balance Sheet Analysis

Daqo New appears likely to maintain its strong balance sheet metrics and momentum going forward. Daqo New did a great job related to cash and cash equivalents this period, which stood at 1127.7, representing a 55.8% change from the previous filing. This performance is significantly more impressive than its peers and competitors. It suggests that their stock price has room to grow to reflect its actual intrinsic value. The company's cash and cash equivalents movement, therefore, received a grade of 95. Also, Daqo New's price to book ratio (P/B) was reported as 1.3 and represents -5.7% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its book value factors earned a score of 93. On the other hand, Assets, jumped out as looking rather underwhelming. Daqo New's management did not succeed in significantly improving the value of the assets on their balance sheet, which now sits at 4412.9 and represents a 32.0% change from the previous report. Daqo New's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on Daqo New's stock price. Therefore, their asset component earned a score of 62. Similarly, because the company's management is doing an excellent job managing these critical metrics, the balance sheet was given a score of 93.

Parameter Value Change Score
Assets 4,412.9 32.0% 62
Liabilities 1,072.7 57.8% 92
Price to Book 1.3 -5.7% 93
Cash & Equivalents 1,127.7 55.8% 95
Equity 2,705.9 25.2% 81
* All values are TTM

The below chart describes Daqo New's performance as reflected on its balance sheet with respect to its peers. While Daqo New received a balance sheet score of 93, the average of its peers stands on 69.0.

  •  DQ
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Wolfspeed, Inc. 8.7B 96 63 58 97 56 73 0 1
Onto Innovation Inc. 3.7B 84 71 67 72 73 77 1 1
JinkoSolar Holding Co., Ltd. 3.3B 87 62 77 94 94 89 2 1
NeoPhotonics Corporation 837.4M 89 66 49 72 64 66 3 1
Magnachip Semiconductor Corporation 681.9M 56 78 79 72 72 74 4 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 5 1
Valens Semiconductor Ltd. 350.3M 92 70 66 45 73 75 6 1
Rockley Photonics Holdings Limited 338.0M 48 82 40 37 52 41 7 1
NVIDIA Corporation 422.4B 78 70 65 97 54 71 8 1
Intel Corporation 157.9B 65 69 76 90 81 77 9 1
Texas Instruments Incorporated 143.5B 63 70 87 46 84 76 10 1
QUALCOMM Incorporated 142.4B 57 71 96 80 81 82 11 1
Advanced Micro Devices, Inc. 139.6B 94 61 78 96 81 88 12 1
Broadcom Inc. 102.5B 67 79 59 56 54 62 13 1
Applied Materials, Inc. 84.9B 71 72 64 41 55 60 14 1
Analog Devices, Inc. 78.3B 62 80 66 65 66 69 15 1
Micron Technology, Inc. 65.6B 73 69 85 76 74 81 16 1
Lam Research Corporation 62.4B 73 77 59 51 45 59 17 1
KLA Corporation 50.5B 75 62 73 53 66 66 18 1
NXP Semiconductors N.V. 41.7B 72 68 56 62 76 64 19 1
Marvell Technology, Inc. 40.5B 71 84 50 46 51 60 20 1
Microchip Technology Incorporated 33.6B 65 84 76 72 65 78 21 1
Enphase Energy, Inc. 27.8B 89 61 39 97 55 58 22 1
GLOBALFOUNDRIES Inc. 24.5B 81 66 73 82 74 78 23 1
ON Semiconductor Corporation 23.5B 74 69 77 88 82 81 24 1
Monolithic Power Systems, Inc. 19.4B 85 65 75 92 80 84 25 1
SolarEdge Technologies, Inc. 16.5B 77 62 77 96 86 82 26 1
Skyworks Solutions, Inc. 15.8B 69 77 64 46 52 62 27 1
Teradyne, Inc. 15.7B 48 81 63 45 47 51 28 1
Entegris, Inc. 14.2B 62 71 75 55 79 70 29 1
Qorvo, Inc. 10.6B 64 83 64 67 55 67 30 1
First Solar, Inc. 7.5B 77 70 50 58 57 58 31 1
Lattice Semiconductor Corporation 7.2B 53 79 79 60 64 68 32 1
MKS Instruments, Inc. 6.0B 59 74 72 76 72 70 33 1
Universal Display Corporation 5.4B 57 76 83 85 70 75 34 1
Silicon Laboratories Inc. 5.3B 89 81 60 45 47 71 35 1
CMC Materials, Inc. 5.2B 65 79 73 87 82 80 36 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 57 65 37 1
Synaptics Incorporated 5.1B 71 71 78 92 76 81 38 1
Power Integrations, Inc. 4.5B 55 82 59 79 56 61 39 1
Amkor Technology, Inc. 4.3B 70 68 75 74 77 74 40 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 74 86 41 1
Allegro MicroSystems, Inc. 4.1B 68 69 74 80 76 74 42 1
SiTime Corporation 3.8B 57 67 65 73 64 58 43 1
Semtech Corporation 3.6B 58 79 68 67 64 67 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 64 75 74 38 75 69 45 1
SunPower Corporation 3.2B 72 81 42 83 53 61 46 1
FormFactor, Inc. 3.1B 72 70 84 82 80 83 47 1
Diodes Incorporated 3.1B 46 78 71 51 72 61 48 1
Silicon Motion Technology Corporation 2.9B 40 85 60 40 47 54 49 1
Nova Ltd. 2.8B 86 45 76 48 82 61 50 1
MaxLinear, Inc. 2.7B 68 71 75 85 75 76 51 1
Ambarella, Inc. 2.7B 45 75 74 86 65 63 52 1
Kulicke and Soffa Industries, Inc. 2.7B 45 83 61 76 56 57 53 1
Rambus Inc. 2.4B 43 82 41 95 54 48 54 1
Canadian Solar Inc. 2.2B 91 54 59 62 62 58 55 1
Axcelis Technologies, Inc. 1.9B 76 68 85 71 74 81 56 1
Credo Technology Group Holding Ltd 1.7B 94 61 77 79 86 88 57 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 58 1
Impinj, Inc. 1.4B 62 68 78 39 92 72 59 1
Ultra Clean Holdings, Inc. 1.4B 55 78 68 48 68 63 60 1
Cohu, Inc. 1.4B 52 82 57 59 59 57 61 1
Photronics, Inc. 1.3B 53 85 66 76 66 68 62 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 63 1
SMART Global Holdings, Inc. 1.1B 90 63 75 95 82 86 64 1
Veeco Instruments Inc. 1.0B 84 72 41 78 47 58 65 1
Alpha and Omega Semiconductor Limited 957.1M 89 64 67 87 67 77 66 1
ACM Research, Inc. 950.7M 87 57 51 43 50 52 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 68 1
PDF Solutions, Inc. 813.0M 54 81 64 90 51 62 69 1
CEVA, Inc. 804.5M 82 74 60 87 60 73 70 1
Ichor Holdings, Ltd. 789.3M 59 76 65 38 63 59 71 1
indie Semiconductor, Inc. 752.7M 49 54 72 56 56 44 72 1
Maxeon Solar Technologies, Ltd. 603.6M 87 68 40 78 38 53 73 1
Navitas Semiconductor Corporation 575.2M 37 80 80 62 80 67 74 1
Rigetti Computing, Inc. 426.1M 94 62 85 99 98 98 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 76 1
Meta Materials Inc. 414.9M 51 78 42 41 51 41 77 1
Helix Technology Corporation 364.9M 66 77 79 85 52 65 78 1
CyberOptics Corporation 278.5M 71 66 72 64 86 74 79 1
Transphorm, Inc. 260.9M 41 87 39 47 55 45 80 1

Income Statement Analysis

EBITDA and Return Factors stand out as the most significant drivers of Daqo New's income statement's strength. Daqo New's management was effective in improving its EBIDTA, which now sits at 1826.0 and represents a 61.8% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. Consequently, their EBITDA movement received a grade of 96. Also, Daqo New's reported return on equity (ROE) ratio was 68.4, representing a change of 36.9%. Its return factor metrics are even more remarkable when compared to their peers. Therefore, its return factors component earned a score of 94. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Daqo New reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 2703.0 and represented 61.0% change from the previous period. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency, specifically in contrast to their industry peers', isn't encouraging. Its revenue efficiency, therefore, received a grade of 37. Therefore, it received a score of 65.

Parameter Value Change Score
EBITDA 1,826.0 61.8% 96
Total Revenues 2,703.0 61.0% 37
Return on Equity 68.4 36.9% 94
* All values are TTM

The below chart describes Daqo New's performance as reflected on its income statement with respect to its peers. While Daqo New received a income statement score of 65 , the average of its peers stands on 69.0.

  •  DQ
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Wolfspeed, Inc. 8.7B 49 90 86 69 0 1
Onto Innovation Inc. 3.7B 47 87 89 67 1 1
JinkoSolar Holding Co., Ltd. 3.3B 38 89 81 62 2 1
NeoPhotonics Corporation 837.4M 45 95 90 69 3 1
Magnachip Semiconductor Corporation 681.9M 94 80 88 90 4 1
Mykrolis Corp. 657.1M 68 68 58 67 5 1
Valens Semiconductor Ltd. 350.3M 41 86 65 65 6 1
Rockley Photonics Holdings Limited 338.0M 97 50 83 79 7 1
NVIDIA Corporation 422.4B 46 83 68 63 8 1
Intel Corporation 157.9B 90 55 73 76 9 1
Texas Instruments Incorporated 143.5B 69 78 71 74 10 1
QUALCOMM Incorporated 142.4B 48 87 79 66 11 1
Advanced Micro Devices, Inc. 139.6B 40 89 38 59 12 1
Broadcom Inc. 102.5B 59 80 90 71 13 1
Applied Materials, Inc. 84.9B 72 68 73 72 14 1
Analog Devices, Inc. 78.3B 40 91 93 65 15 1
Micron Technology, Inc. 65.6B 59 88 90 74 16 1
Lam Research Corporation 62.4B 80 63 75 74 17 1
KLA Corporation 50.5B 56 77 77 67 18 1
NXP Semiconductors N.V. 41.7B 59 79 90 71 19 1
Marvell Technology, Inc. 40.5B 41 89 88 64 20 1
Microchip Technology Incorporated 33.6B 57 83 92 71 21 1
Enphase Energy, Inc. 27.8B 45 74 55 57 22 1
GLOBALFOUNDRIES Inc. 24.5B 50 93 85 70 23 1
ON Semiconductor Corporation 23.5B 53 92 94 73 24 1
Monolithic Power Systems, Inc. 19.4B 45 90 83 66 25 1
SolarEdge Technologies, Inc. 16.5B 41 70 48 53 26 1
Skyworks Solutions, Inc. 15.8B 69 70 63 70 27 1
Teradyne, Inc. 15.7B 88 57 62 75 28 1
Entegris, Inc. 14.2B 56 80 80 69 29 1
Qorvo, Inc. 10.6B 76 65 63 71 30 1
First Solar, Inc. 7.5B 98 43 40 73 31 1
Lattice Semiconductor Corporation 7.2B 54 88 89 71 32 1
MKS Instruments, Inc. 6.0B 78 66 65 74 33 1
Universal Display Corporation 5.4B 71 63 61 68 34 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 35 1
CMC Materials, Inc. 5.2B 72 76 93 76 36 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 37 1
Synaptics Incorporated 5.1B 45 91 90 68 38 1
Power Integrations, Inc. 4.5B 80 76 83 80 39 1
Amkor Technology, Inc. 4.3B 63 76 77 70 40 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 41 1
Allegro MicroSystems, Inc. 4.1B 68 48 67 61 42 1
SiTime Corporation 3.8B 39 93 78 64 43 1
Semtech Corporation 3.6B 64 84 87 75 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 74 77 73 76 45 1
SunPower Corporation 3.2B 49 43 72 49 46 1
FormFactor, Inc. 3.1B 79 76 83 80 47 1
Diodes Incorporated 3.1B 66 84 86 76 48 1
Silicon Motion Technology Corporation 2.9B 54 83 78 72 49 1
Nova Ltd. 2.8B 41 89 78 70 50 1
MaxLinear, Inc. 2.7B 56 92 96 75 51 1
Ambarella, Inc. 2.7B 56 89 79 71 52 1
Kulicke and Soffa Industries, Inc. 2.7B 73 82 85 79 53 1
Rambus Inc. 2.4B 48 85 62 64 54 1
Canadian Solar Inc. 2.2B 73 76 53 72 55 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 56 1
Credo Technology Group Holding Ltd 1.7B 38 88 63 60 57 1
Himax Technologies, Inc. 1.6B 53 84 66 70 58 1
Impinj, Inc. 1.4B 64 53 52 59 59 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 60 1
Cohu, Inc. 1.4B 92 53 49 75 61 1
Photronics, Inc. 1.3B 55 86 92 71 62 1
Camtek Ltd. 1.1B 50 81 71 68 63 1
SMART Global Holdings, Inc. 1.1B 48 86 68 65 64 1
Veeco Instruments Inc. 1.0B 66 84 91 76 65 1
Alpha and Omega Semiconductor Limited 957.1M 62 75 76 69 66 1
ACM Research, Inc. 950.7M 88 42 42 67 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 68 1
PDF Solutions, Inc. 813.0M 49 95 89 71 69 1
CEVA, Inc. 804.5M 51 90 97 71 70 1
Ichor Holdings, Ltd. 789.3M 72 60 55 67 71 1
indie Semiconductor, Inc. 752.7M 37 47 69 43 72 1
Maxeon Solar Technologies, Ltd. 603.6M 50 49 60 49 73 1
Navitas Semiconductor Corporation 575.2M 56 45 72 53 74 1
Rigetti Computing, Inc. 426.1M 92 44 69 73 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 76 1
Meta Materials Inc. 414.9M 37 45 70 43 77 1
Helix Technology Corporation 364.9M 89 47 51 74 78 1
CyberOptics Corporation 278.5M 54 87 87 71 79 1
Transphorm, Inc. 260.9M 37 81 97 68 80 1

Cash Flow Analysis

Daqo New appears likely to maintain its strong cash flow metrics and momentum going forward. Daqo New's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Daqo New recorded asset turnover of 0.9, which represents a 26.1% change from the previous report. This metric might have a 10.7 percent impact on companies in the same industry and with the same market capitalization. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. The company's asset turnover movement, therefore, received a grade of 96. Also, Daqo New did a great job related to free cash flow this period, which stood at 2.3, representing a 32.3% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Consequently, their free cash flow movement received a grade of 86. However, one discouraging result, Capital Expenditure, stood out. Daqo New's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -527.6, which represents a -5.8% change from the last period. The company's disappointing CapEx growth is expected to stunt the momentum they hoped for this period. Its CapEx movement, therefore, received a grade of 63. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 89.

Parameter Value Change Score
Net Cashflow 899.9 48.6% 78
Capital Expenditure -527.6 -5.8% 63
Asset Turnover 0.9 26.1% 96
Free Cashflow 2.3 32.3% 86
* All values are TTM

The below chart describes Daqo New's performance as reflected on its cash flow with respect to its peers. While Daqo New received a cash flow score of 89, the average of its peers stands on 71.0.

  •  DQ
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Wolfspeed, Inc. 8.7B 57 74 76 46 55 0 1
Onto Innovation Inc. 3.7B 95 65 88 85 85 1 1
JinkoSolar Holding Co., Ltd. 3.3B 67 69 73 78 74 2 1
NeoPhotonics Corporation 837.4M 50 63 67 87 72 3 1
Magnachip Semiconductor Corporation 681.9M 65 56 76 54 57 4 1
Mykrolis Corp. 657.1M 65 69 68 82 75 5 1
Valens Semiconductor Ltd. 350.3M 53 89 90 46 66 6 1
Rockley Photonics Holdings Limited 338.0M 80 72 66 46 59 7 1
NVIDIA Corporation 422.4B 93 65 61 86 82 8 1
Intel Corporation 157.9B 57 72 68 53 58 9 1
Texas Instruments Incorporated 143.5B 74 74 63 69 70 10 1
QUALCOMM Incorporated 142.4B 65 65 70 87 77 11 1
Advanced Micro Devices, Inc. 139.6B 93 66 69 37 57 12 1
Broadcom Inc. 102.5B 74 76 87 89 85 13 1
Applied Materials, Inc. 84.9B 75 59 69 72 69 14 1
Analog Devices, Inc. 78.3B 78 76 51 94 84 15 1
Micron Technology, Inc. 65.6B 81 85 81 74 80 16 1
Lam Research Corporation 62.4B 72 60 56 75 68 17 1
KLA Corporation 50.5B 70 76 52 79 74 18 1
NXP Semiconductors N.V. 41.7B 59 72 51 85 73 19 1
Marvell Technology, Inc. 40.5B 94 84 58 46 65 20 1
Microchip Technology Incorporated 33.6B 80 79 48 84 79 21 1
Enphase Energy, Inc. 27.8B 89 77 64 40 60 22 1
GLOBALFOUNDRIES Inc. 24.5B 54 86 45 64 64 23 1
ON Semiconductor Corporation 23.5B 60 79 55 74 70 24 1
Monolithic Power Systems, Inc. 19.4B 84 78 59 75 77 25 1
SolarEdge Technologies, Inc. 16.5B 46 38 55 52 43 26 1
Skyworks Solutions, Inc. 15.8B 78 57 79 73 71 27 1
Teradyne, Inc. 15.7B 75 65 66 68 68 28 1
Entegris, Inc. 14.2B 60 57 50 77 65 29 1
Qorvo, Inc. 10.6B 78 65 87 71 73 30 1
First Solar, Inc. 7.5B 46 84 56 46 53 31 1
Lattice Semiconductor Corporation 7.2B 79 77 43 82 77 32 1
MKS Instruments, Inc. 6.0B 58 58 92 56 59 33 1
Universal Display Corporation 5.4B 74 81 68 65 71 34 1
Silicon Laboratories Inc. 5.3B 70 89 81 88 86 35 1
CMC Materials, Inc. 5.2B 72 66 68 80 75 36 1
Tower Semiconductor Ltd. 5.1B 76 57 55 58 68 37 1
Synaptics Incorporated 5.1B 85 62 98 55 67 38 1
Power Integrations, Inc. 4.5B 88 77 64 82 82 39 1
Amkor Technology, Inc. 4.3B 46 57 61 71 60 40 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 91 41 1
Allegro MicroSystems, Inc. 4.1B 56 56 77 56 56 42 1
SiTime Corporation 3.8B 83 87 56 44 62 43 1
Semtech Corporation 3.6B 79 78 58 79 78 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 46 78 54 78 69 45 1
SunPower Corporation 3.2B 84 41 39 93 74 46 1
FormFactor, Inc. 3.1B 78 81 66 58 68 47 1
Diodes Incorporated 3.1B 77 61 52 80 72 48 1
Silicon Motion Technology Corporation 2.9B 63 53 46 85 61 49 1
Nova Ltd. 2.8B 58 53 39 56 54 50 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 51 1
Ambarella, Inc. 2.7B 84 95 45 75 80 52 1
Kulicke and Soffa Industries, Inc. 2.7B 93 81 83 74 83 53 1
Rambus Inc. 2.4B 96 73 89 89 90 54 1
Canadian Solar Inc. 2.2B 69 70 74 68 71 55 1
Axcelis Technologies, Inc. 1.9B 81 77 68 85 82 56 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 57 1
Himax Technologies, Inc. 1.6B 66 77 48 79 67 58 1
Impinj, Inc. 1.4B 70 38 85 73 65 59 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 62 60 1
Cohu, Inc. 1.4B 92 62 71 44 59 61 1
Photronics, Inc. 1.3B 65 92 96 79 83 62 1
Camtek Ltd. 1.1B 69 70 74 72 71 63 1
SMART Global Holdings, Inc. 1.1B 47 85 95 54 62 64 1
Veeco Instruments Inc. 1.0B 73 82 48 69 71 65 1
Alpha and Omega Semiconductor Limited 957.1M 49 64 45 59 54 66 1
ACM Research, Inc. 950.7M 62 43 50 54 50 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 68 1
PDF Solutions, Inc. 813.0M 81 98 45 92 89 69 1
CEVA, Inc. 804.5M 57 54 84 83 71 70 1
Ichor Holdings, Ltd. 789.3M 51 37 87 71 59 71 1
indie Semiconductor, Inc. 752.7M 69 80 52 98 85 72 1
Maxeon Solar Technologies, Ltd. 603.6M 87 90 59 88 84 73 1
Navitas Semiconductor Corporation 575.2M 70 87 94 93 90 74 1
Rigetti Computing, Inc. 426.1M 48 76 51 60 58 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 76 1
Meta Materials Inc. 414.9M 85 56 68 97 84 77 1
Helix Technology Corporation 364.9M 75 62 63 56 61 78 1
CyberOptics Corporation 278.5M 49 74 89 78 72 79 1
Transphorm, Inc. 260.9M 81 87 96 94 88 80 1

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