Loading..

Hanwha Q CELLS Co., Ltd. (HQCL) Press Release

Fundamental Summary

Hanwha Q CELLS published its Q3 report on 2018-11-30 with positive results, but no significant factors particularly remarkable relative to its peers. It is highly likely that the company will be mostly tethered to market performance and sector movements for the near term. Therefore, Hanwha Q CELLS received an overall score of 71, translating into a HOLD ranking.

Sector Overview

Hanwha Q CELLS 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. Hanwha Q CELLS'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 2,420.4 -7.2% 93
Liabilities 2,173.7 3.7% 60
Price to Book 3.3 177.3% 74
Cash & Equivalents 197.4 26.1% 85
Equity 246.7 -51.8% 47
EBITDA -6.5 -105.2% 59
Total Revenues 2,156.9 -2.0% 90
Parameter Value Change Score
Return on Equity -61.1 -29475.8% 63
Net Cashflow -220.5 0.0% 64
Capital Expenditure -230.7 0.0% 74
Asset Turnover 0.9 4.9% 73
Free Cashflow -3.0 0.0% 63

* All values are TTM

The below chart reflects Hanwha Q CELLS'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 Hanwha Q CELLS's peer average final assessment score stands on 69.0, Hanwha Q CELLS's score is 71.

  •  HQCL
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Enphase Energy, Inc. 25.7B 58 57 60
Underperform
52
52 0 1
SiTime Corporation 3.6B 59 64 62
Underperform
59
59 1 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 2 1
ACM Research, Inc. 917.6M 52 67 50
Underperform
50
50 3 1
Navitas Semiconductor Corporation 533.1M 67 53 90
Hold
72
72 4 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 5 1
CyberOptics Corporation 272.8M 75 71 72
Hold
78
78 6 1
NVIDIA Corporation 400.2B 71 63 82
Hold
76
76 7 1
Intel Corporation 154.5B 77 76 58
Hold
75
75 8 1
QUALCOMM Incorporated 147.4B 82 66 77
Buy
82
82 9 1
Texas Instruments Incorporated 142.2B 76 74 70
Buy
80
80 10 1
Advanced Micro Devices, Inc. 130.9B 88 59 57
Hold
68
68 11 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 12 1
Applied Materials, Inc. 82.7B 60 72 69
Hold
69
69 13 1
Analog Devices, Inc. 77.2B 69 65 84
Hold
78
78 14 1
Micron Technology, Inc. 64.6B 81 74 80
Strong Buy
89
89 15 1
Lam Research Corporation 60.8B 60 74 69
Hold
70
70 16 1
KLA Corporation 49.3B 66 67 74
Hold
72
72 17 1
NXP Semiconductors N.V. 40.5B 64 71 73
Hold
73
73 18 1
Marvell Technology, Inc. 38.5B 60 64 65
Hold
62
62 19 1
Microchip Technology Incorporated 33.0B 79 71 79
Buy
85
85 20 1
GLOBALFOUNDRIES Inc. 23.9B 78 70 63
Hold
75
75 21 1
ON Semiconductor Corporation 22.9B 81 73 70
Buy
82
82 22 1
Monolithic Power Systems, Inc. 18.5B 84 66 77
Buy
83
83 23 1
Skyworks Solutions, Inc. 15.5B 62 70 71
Hold
70
70 24 1
SolarEdge Technologies, Inc. 15.5B 81 53 43
Underperform
53
53 25 1
Teradyne, Inc. 15.3B 52 75 68
Hold
66
66 26 1
Entegris, Inc. 14.1B 70 69 65
Hold
70
70 27 1
Qorvo, Inc. 10.2B 67 72 73
Hold
75
75 28 1
Wolfspeed, Inc. 8.2B 74 69 55
Hold
66
66 29 1
First Solar, Inc. 7.2B 59 73 53
Underperform
60
60 30 1
Lattice Semiconductor Corporation 6.8B 68 71 77
Hold
78
78 31 1
MKS Instruments, Inc. 5.8B 70 74 59
Hold
70
70 32 1
Silicon Laboratories Inc. 5.3B 72 70 86
Buy
84
84 33 1
Universal Display Corporation 5.2B 75 68 71
Hold
76
76 34 1
CMC Materials, Inc. 5.1B 81 76 74
Strong Buy
87
87 35 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 36 1
Daqo New Energy Corp. 5.0B 93 65 89
Strong Buy
95
95 37 1
Synaptics Incorporated 4.9B 81 68 66
Hold
76
76 38 1
Power Integrations, Inc. 4.4B 61 80 82
Buy
82
82 39 1
Amkor Technology, Inc. 4.2B 75 70 60
Hold
71
71 40 1
Cirrus Logic, Inc. 4.1B 86 67 90
Strong Buy
92
92 41 1
Allegro MicroSystems, Inc. 4.0B 74 61 56
Hold
62
62 42 1
Onto Innovation Inc. 3.6B 78 67 85
Buy
85
85 43 1
Semtech Corporation 3.5B 67 75 77
Buy
80
80 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 70 76 68
Hold
77
77 45 1
JinkoSolar Holding Co., Ltd. 3.2B 89 62 74
Buy
81
81 46 1
FormFactor, Inc. 3.1B 84 80 67
Strong Buy
87
87 47 1
Diodes Incorporated 3.0B 62 76 72
Hold
75
75 48 1
SunPower Corporation 3.0B 61 49 74
Underperform
56
56 49 1
Silicon Motion Technology Corporation 2.8B 54 72 61
Hold
65
65 50 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 51 1
Nova Ltd. 2.7B 61 69 54
Hold
64
64 52 1
Ambarella, Inc. 2.6B 64 72 79
Hold
77
77 53 1
Kulicke and Soffa Industries, Inc. 2.6B 58 79 82
Buy
80
80 54 1
Rambus Inc. 2.4B 48 64 89
Hold
69
69 55 1
Canadian Solar Inc. 2.0B 59 72 71
Hold
71
71 56 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 57 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 58 1
Himax Technologies, Inc. 1.6B 77 70 66
Buy
79
79 59 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 60 1
Ultra Clean Holdings, Inc. 1.4B 63 63 61
Hold
60
60 61 1
Cohu, Inc. 1.3B 58 75 59
Hold
64
64 62 1
Photronics, Inc. 1.2B 69 71 82
Buy
81
81 63 1
SMART Global Holdings, Inc. 1.0B 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 929.5M 77 69 54
Hold
68
68 66 1
NeoPhotonics Corporation 838.5M 66 69 71
Hold
72
72 67 1
PDF Solutions, Inc. 808.6M 63 71 89
Buy
82
82 68 1
CEVA, Inc. 778.5M 73 71 71
Hold
77
77 69 1
Ichor Holdings, Ltd. 754.1M 60 67 58
Underperform
59
59 70 1
indie Semiconductor, Inc. 720.1M 44 43 85
Underperform
49
49 71 1
Magnachip Semiconductor Corporation 667.1M 74 90 57
Buy
82
82 72 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 73 1
Maxeon Solar Technologies, Ltd. 575.9M 53 49 84
Hold
60
60 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 75 1
Rigetti Computing, Inc. 413.5M 98 72 58
Buy
84
84 76 1
Meta Materials Inc. 396.9M 42 43 84
Underperform
47
47 77 1
Valens Semiconductor Ltd. 357.2M 75 65 66
Hold
75
75 78 1
Rockley Photonics Holdings Limited 305.7M 42 79 60
Underperform
59
59 79 1
Transphorm, Inc. 255.8M 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. Hanwha Q CELLS'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. The company is trading near it's 12-month high, which signals an attack on the resistance price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Hanwha Q CELLS'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 83.

Bullish 83
Close Price 9.83
52W Low 5.43
52W High 9.84
5D MA 9.82
50D MA 9.73
200D MA 8.08
MACD 0.04
RSI 0.57
STOCH 88.89

Balance Sheet Analysis

Overall, Hanwha Q CELLS's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Hanwha Q CELLS assets on their balance sheet, moved to 2420.4, which is a -7.2% change from the last period. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. The company's asset component, therefore, received a grade of 93. Also, Hanwha Q CELLS reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 197.4, representing 26.1% change from the last report. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 85. That said, one metric, Equity, stood out as particularly concerning. Hanwha Q CELLS reported weak equity changes momentum this period. At filing, equity was reported as 246.7, representing -51.8% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 5.5%. These metrics are all the more disappointing relative to their peers and should blunt potential positive momentum in its's stock price. Its equity movement component, therefore, received a grade of 47. Consequently, the company's balance sheet earned a rank of 72.

Parameter Value Change Score
Assets 2,420.4 -7.2% 93
Liabilities 2,173.7 3.7% 60
Price to Book 3.3 177.3% 74
Cash & Equivalents 197.4 26.1% 85
Equity 246.7 -51.8% 47
* All values are TTM

The below chart describes Hanwha Q CELLS's performance as reflected on its balance sheet with respect to its peers. While Hanwha Q CELLS received a balance sheet score of 72, the average of its peers stands on 71.0.

  •  HQCL
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Enphase Energy, Inc. 25.7B 89 60 39 97 56 58 0 1
SiTime Corporation 3.6B 57 67 66 73 64 59 1 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 2 1
ACM Research, Inc. 917.6M 87 57 51 43 50 52 3 1
Navitas Semiconductor Corporation 533.1M 37 80 80 62 79 67 4 1
Helix Technology Corporation 364.9M 65 78 79 85 52 65 5 1
CyberOptics Corporation 272.8M 71 66 72 64 86 75 6 1
NVIDIA Corporation 400.2B 78 70 65 97 54 71 7 1
Intel Corporation 154.5B 65 69 76 90 81 77 8 1
QUALCOMM Incorporated 147.4B 57 71 96 80 80 82 9 1
Texas Instruments Incorporated 142.2B 63 69 87 46 84 76 10 1
Advanced Micro Devices, Inc. 130.9B 93 61 78 96 80 88 11 1
Broadcom Inc. 102.5B 67 79 58 56 55 62 12 1
Applied Materials, Inc. 82.7B 71 72 63 41 55 60 13 1
Analog Devices, Inc. 77.2B 62 80 66 66 66 69 14 1
Micron Technology, Inc. 64.6B 73 69 85 76 74 81 15 1
Lam Research Corporation 60.8B 72 77 58 51 45 60 16 1
KLA Corporation 49.3B 75 62 73 53 66 66 17 1
NXP Semiconductors N.V. 40.5B 71 68 56 62 76 64 18 1
Marvell Technology, Inc. 38.5B 71 84 50 46 51 60 19 1
Microchip Technology Incorporated 33.0B 65 84 76 72 66 79 20 1
GLOBALFOUNDRIES Inc. 23.9B 81 65 74 82 74 78 21 1
ON Semiconductor Corporation 22.9B 74 68 77 89 82 81 22 1
Monolithic Power Systems, Inc. 18.5B 85 64 76 92 80 84 23 1
Skyworks Solutions, Inc. 15.5B 69 77 63 46 52 62 24 1
SolarEdge Technologies, Inc. 15.5B 77 62 78 96 85 81 25 1
Teradyne, Inc. 15.3B 49 81 62 45 47 52 26 1
Entegris, Inc. 14.1B 62 70 75 55 78 70 27 1
Qorvo, Inc. 10.2B 64 83 64 67 55 67 28 1
Wolfspeed, Inc. 8.2B 96 63 59 97 55 74 29 1
First Solar, Inc. 7.2B 76 70 50 58 58 59 30 1
Lattice Semiconductor Corporation 6.8B 53 79 78 60 64 68 31 1
MKS Instruments, Inc. 5.8B 60 73 73 76 72 70 32 1
Silicon Laboratories Inc. 5.3B 89 81 59 45 48 72 33 1
Universal Display Corporation 5.2B 57 76 83 85 69 75 34 1
CMC Materials, Inc. 5.1B 65 78 73 87 82 81 35 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 58 65 36 1
Daqo New Energy Corp. 5.0B 91 62 81 95 93 93 37 1
Synaptics Incorporated 4.9B 71 71 79 92 76 81 38 1
Power Integrations, Inc. 4.4B 56 82 58 79 53 61 39 1
Amkor Technology, Inc. 4.2B 70 68 75 74 77 75 40 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 73 86 41 1
Allegro MicroSystems, Inc. 4.0B 68 69 74 81 76 74 42 1
Onto Innovation Inc. 3.6B 83 70 67 72 73 78 43 1
Semtech Corporation 3.5B 58 79 68 67 64 67 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 65 75 74 38 74 70 45 1
JinkoSolar Holding Co., Ltd. 3.2B 86 62 77 94 94 89 46 1
FormFactor, Inc. 3.1B 72 70 84 82 80 84 47 1
Diodes Incorporated 3.0B 47 78 71 51 71 62 48 1
SunPower Corporation 3.0B 72 81 42 83 54 61 49 1
Silicon Motion Technology Corporation 2.8B 40 85 60 40 48 54 50 1
MaxLinear, Inc. 2.7B 68 71 75 85 74 76 51 1
Nova Ltd. 2.7B 86 45 75 48 82 61 52 1
Ambarella, Inc. 2.6B 46 75 74 86 65 64 53 1
Kulicke and Soffa Industries, Inc. 2.6B 46 83 60 76 56 58 54 1
Rambus Inc. 2.4B 43 83 41 95 54 48 55 1
Canadian Solar Inc. 2.0B 91 54 59 62 62 59 56 1
Axcelis Technologies, Inc. 1.9B 76 68 84 71 73 81 57 1
Credo Technology Group Holding Ltd 1.7B 94 61 78 79 86 88 58 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 59 1
Impinj, Inc. 1.4B 63 68 79 39 92 72 60 1
Ultra Clean Holdings, Inc. 1.4B 56 78 69 48 67 63 61 1
Cohu, Inc. 1.3B 53 82 57 59 58 58 62 1
Photronics, Inc. 1.2B 53 85 66 76 66 69 63 1
SMART Global Holdings, Inc. 1.0B 89 63 75 95 82 86 64 1
Veeco Instruments Inc. 1.0B 84 71 41 78 47 58 65 1
Alpha and Omega Semiconductor Limited 929.5M 89 63 68 87 67 77 66 1
NeoPhotonics Corporation 838.5M 89 66 49 72 64 66 67 1
PDF Solutions, Inc. 808.6M 54 81 63 90 51 63 68 1
CEVA, Inc. 778.5M 81 74 60 87 60 73 69 1
Ichor Holdings, Ltd. 754.1M 59 76 66 38 63 60 70 1
indie Semiconductor, Inc. 720.1M 48 54 72 56 55 44 71 1
Magnachip Semiconductor Corporation 667.1M 56 78 79 72 72 74 72 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 73 1
Maxeon Solar Technologies, Ltd. 575.9M 87 68 40 78 38 53 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 75 1
Rigetti Computing, Inc. 413.5M 93 62 85 99 98 98 76 1
Meta Materials Inc. 396.9M 51 78 42 41 51 42 77 1
Valens Semiconductor Ltd. 357.2M 92 70 66 45 72 75 78 1
Rockley Photonics Holdings Limited 305.7M 49 82 40 37 52 42 79 1
Transphorm, Inc. 255.8M 41 86 39 47 54 45 80 1

Income Statement Analysis

Two metrics jump up as the most significant positive drivers of the income statement's strength in Hanwha Q CELLS's recent report: Revenue Efficiency and Return Factors. Hanwha Q CELLS did an excellent job managing its revenue efficiency this past period. Hanwha Q CELLS's revenue efficiency is 2156.9 according to the metrics in the current filing, which represents a -2.0% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 12.4%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. The company's revenue efficiency, therefore, received a grade of 90. Also, Return factors metrics and ratios were exceptional in this report. Hanwha Q CELLS reported a return on equity (ROE) ratio of -61.1, representing a change of -29475.8% from the last report. Its return factor metrics are even more remarkable when compared to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 63. On the other hand, EBITDA, jumped out as looking problematic. Hanwha Q CELLS reported concerning EBITDA this period. At filing, EBITDA was reported as -6.5, representing -105.2% change from the previous period. This metric might have a 18.9 percent impact on companies in the same industry and with the same market capitalization. Their EBITDA metrics are even more problematic when compared to their peers. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 59. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 70.

Parameter Value Change Score
EBITDA -6.5 -105.2% 59
Total Revenues 2,156.9 -2.0% 90
Return on Equity -61.1 -29475.8% 63
* All values are TTM

The below chart describes Hanwha Q CELLS's performance as reflected on its income statement with respect to its peers. While Hanwha Q CELLS received a income statement score of 70 , the average of its peers stands on 67.0.

  •  HQCL
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Enphase Energy, Inc. 25.7B 45 74 55 57 0 1
SiTime Corporation 3.6B 40 93 78 64 1 1
Camtek Ltd. 1.1B 50 81 71 68 2 1
ACM Research, Inc. 917.6M 88 43 42 67 3 1
Navitas Semiconductor Corporation 533.1M 56 44 74 53 4 1
Helix Technology Corporation 364.9M 89 47 50 74 5 1
CyberOptics Corporation 272.8M 54 86 87 71 6 1
NVIDIA Corporation 400.2B 46 83 67 63 7 1
Intel Corporation 154.5B 90 55 74 76 8 1
QUALCOMM Incorporated 147.4B 48 87 78 66 9 1
Texas Instruments Incorporated 142.2B 69 78 70 74 10 1
Advanced Micro Devices, Inc. 130.9B 40 89 38 59 11 1
Broadcom Inc. 102.5B 59 80 90 71 12 1
Applied Materials, Inc. 82.7B 72 68 73 72 13 1
Analog Devices, Inc. 77.2B 40 91 92 65 14 1
Micron Technology, Inc. 64.6B 59 87 90 74 15 1
Lam Research Corporation 60.8B 80 64 75 74 16 1
KLA Corporation 49.3B 56 77 76 67 17 1
NXP Semiconductors N.V. 40.5B 59 79 90 71 18 1
Marvell Technology, Inc. 38.5B 41 89 87 64 19 1
Microchip Technology Incorporated 33.0B 57 83 92 71 20 1
GLOBALFOUNDRIES Inc. 23.9B 50 92 86 70 21 1
ON Semiconductor Corporation 22.9B 53 92 94 73 22 1
Monolithic Power Systems, Inc. 18.5B 45 90 83 66 23 1
Skyworks Solutions, Inc. 15.5B 69 71 63 70 24 1
SolarEdge Technologies, Inc. 15.5B 41 70 48 53 25 1
Teradyne, Inc. 15.3B 88 57 62 75 26 1
Entegris, Inc. 14.1B 56 80 80 69 27 1
Qorvo, Inc. 10.2B 76 65 63 72 28 1
Wolfspeed, Inc. 8.2B 49 90 86 69 29 1
First Solar, Inc. 7.2B 98 43 40 73 30 1
Lattice Semiconductor Corporation 6.8B 54 88 89 71 31 1
MKS Instruments, Inc. 5.8B 78 67 65 74 32 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 33 1
Universal Display Corporation 5.2B 71 64 61 68 34 1
CMC Materials, Inc. 5.1B 72 75 93 76 35 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 36 1
Daqo New Energy Corp. 5.0B 37 95 94 65 37 1
Synaptics Incorporated 4.9B 45 91 90 68 38 1
Power Integrations, Inc. 4.4B 80 76 82 80 39 1
Amkor Technology, Inc. 4.2B 63 76 77 70 40 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 41 1
Allegro MicroSystems, Inc. 4.0B 68 48 69 61 42 1
Onto Innovation Inc. 3.6B 47 87 89 67 43 1
Semtech Corporation 3.5B 64 84 87 75 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 74 77 72 76 45 1
JinkoSolar Holding Co., Ltd. 3.2B 38 89 82 62 46 1
FormFactor, Inc. 3.1B 79 76 83 80 47 1
Diodes Incorporated 3.0B 66 83 86 76 48 1
SunPower Corporation 3.0B 49 43 74 49 49 1
Silicon Motion Technology Corporation 2.8B 54 83 78 72 50 1
MaxLinear, Inc. 2.7B 56 92 96 75 51 1
Nova Ltd. 2.7B 41 89 78 69 52 1
Ambarella, Inc. 2.6B 56 89 79 72 53 1
Kulicke and Soffa Industries, Inc. 2.6B 73 82 85 79 54 1
Rambus Inc. 2.4B 48 86 60 64 55 1
Canadian Solar Inc. 2.0B 73 76 53 72 56 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 57 1
Credo Technology Group Holding Ltd 1.7B 38 88 61 60 58 1
Himax Technologies, Inc. 1.6B 53 84 66 70 59 1
Impinj, Inc. 1.4B 64 53 51 59 60 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 61 1
Cohu, Inc. 1.3B 92 53 49 75 62 1
Photronics, Inc. 1.2B 55 86 92 71 63 1
SMART Global Holdings, Inc. 1.0B 48 87 66 65 64 1
Veeco Instruments Inc. 1.0B 66 84 91 76 65 1
Alpha and Omega Semiconductor Limited 929.5M 62 75 76 69 66 1
NeoPhotonics Corporation 838.5M 45 95 90 69 67 1
PDF Solutions, Inc. 808.6M 49 95 88 71 68 1
CEVA, Inc. 778.5M 51 90 97 71 69 1
Ichor Holdings, Ltd. 754.1M 72 60 54 67 70 1
indie Semiconductor, Inc. 720.1M 37 46 71 43 71 1
Magnachip Semiconductor Corporation 667.1M 94 80 88 90 72 1
Mykrolis Corp. 657.1M 68 68 58 67 73 1
Maxeon Solar Technologies, Ltd. 575.9M 50 49 60 49 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 75 1
Rigetti Computing, Inc. 413.5M 92 43 69 72 76 1
Meta Materials Inc. 396.9M 37 45 72 43 77 1
Valens Semiconductor Ltd. 357.2M 41 86 65 65 78 1
Rockley Photonics Holdings Limited 305.7M 97 50 85 79 79 1
Transphorm, Inc. 255.8M 37 81 97 68 80 1

Cash Flow Analysis

Hanwha Q CELLS appears likely to maintain its strong cash flow metrics and momentum going forward. Hanwha Q CELLS's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -230.7, which represents a 0.0% change from the last period. This performance is all the more impressive relative to their peers and competitors. Therefore, its CapEx movement component earned a score of 74. Also, Hanwha Q CELLS's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Hanwha Q CELLS recorded asset turnover of 0.9, which represents a 4.9% change from the previous report. This metric might have a 3.2 percent impact on companies in the same industry and with the same market capitalization. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its asset turnover movement earned a score of 73. On the other hand, Free Cash flow, jumped out as looking problematic. Hanwha Q CELLS's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Hanwha Q CELLS recorded free cash flow of -3.0, which represents 0.0% growth from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 7.9 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 63. Their cash flow, therefore, earned a score of 68.

Parameter Value Change Score
Net Cashflow -220.5 0.0% 64
Capital Expenditure -230.7 0.0% 74
Asset Turnover 0.9 4.9% 73
Free Cashflow -3.0 0.0% 63
* All values are TTM

The below chart describes Hanwha Q CELLS's performance as reflected on its cash flow with respect to its peers. While Hanwha Q CELLS received a cash flow score of 68, the average of its peers stands on 67.0.

  •  HQCL
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Enphase Energy, Inc. 25.7B 89 77 64 41 60 0 1
SiTime Corporation 3.6B 83 87 56 44 62 1 1
Camtek Ltd. 1.1B 69 70 74 72 71 2 1
ACM Research, Inc. 917.6M 61 43 50 54 50 3 1
Navitas Semiconductor Corporation 533.1M 70 87 94 93 90 4 1
Helix Technology Corporation 364.9M 75 62 63 56 61 5 1
CyberOptics Corporation 272.8M 49 74 89 77 72 6 1
NVIDIA Corporation 400.2B 93 65 61 86 82 7 1
Intel Corporation 154.5B 58 72 68 53 58 8 1
QUALCOMM Incorporated 147.4B 65 65 70 87 77 9 1
Texas Instruments Incorporated 142.2B 74 74 63 69 70 10 1
Advanced Micro Devices, Inc. 130.9B 93 66 69 37 57 11 1
Broadcom Inc. 102.5B 75 76 87 89 85 12 1
Applied Materials, Inc. 82.7B 75 59 69 72 69 13 1
Analog Devices, Inc. 77.2B 78 76 51 94 84 14 1
Micron Technology, Inc. 64.6B 81 85 81 74 80 15 1
Lam Research Corporation 60.8B 72 60 56 75 69 16 1
KLA Corporation 49.3B 70 76 52 79 74 17 1
NXP Semiconductors N.V. 40.5B 59 72 51 85 73 18 1
Marvell Technology, Inc. 38.5B 94 84 58 46 65 19 1
Microchip Technology Incorporated 33.0B 80 79 48 84 79 20 1
GLOBALFOUNDRIES Inc. 23.9B 54 86 45 64 63 21 1
ON Semiconductor Corporation 22.9B 60 79 55 74 70 22 1
Monolithic Power Systems, Inc. 18.5B 84 78 59 74 77 23 1
Skyworks Solutions, Inc. 15.5B 78 57 79 73 71 24 1
SolarEdge Technologies, Inc. 15.5B 46 38 55 52 43 25 1
Teradyne, Inc. 15.3B 75 65 66 68 68 26 1
Entegris, Inc. 14.1B 61 57 50 76 65 27 1
Qorvo, Inc. 10.2B 78 65 87 71 73 28 1
Wolfspeed, Inc. 8.2B 57 74 76 46 55 29 1
First Solar, Inc. 7.2B 47 85 56 46 53 30 1
Lattice Semiconductor Corporation 6.8B 79 77 43 82 77 31 1
MKS Instruments, Inc. 5.8B 58 58 92 56 59 32 1
Silicon Laboratories Inc. 5.3B 71 89 81 87 86 33 1
Universal Display Corporation 5.2B 75 81 68 65 71 34 1
CMC Materials, Inc. 5.1B 72 66 68 80 74 35 1
Tower Semiconductor Ltd. 5.1B 76 57 55 59 68 36 1
Daqo New Energy Corp. 5.0B 78 86 63 96 89 37 1
Synaptics Incorporated 4.9B 85 62 98 55 66 38 1
Power Integrations, Inc. 4.4B 88 77 64 82 82 39 1
Amkor Technology, Inc. 4.2B 46 57 62 71 60 40 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 90 41 1
Allegro MicroSystems, Inc. 4.0B 56 56 77 56 56 42 1
Onto Innovation Inc. 3.6B 94 65 88 85 85 43 1
Semtech Corporation 3.5B 79 78 58 79 77 44 1
MACOM Technology Solutions Holdings, Inc. 3.3B 46 78 54 78 68 45 1
JinkoSolar Holding Co., Ltd. 3.2B 68 69 73 78 74 46 1
FormFactor, Inc. 3.1B 78 81 66 58 67 47 1
Diodes Incorporated 3.0B 77 61 52 80 72 48 1
SunPower Corporation 3.0B 84 41 39 93 74 49 1
Silicon Motion Technology Corporation 2.8B 63 53 46 85 61 50 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 51 1
Nova Ltd. 2.7B 58 53 39 58 54 52 1
Ambarella, Inc. 2.6B 84 95 45 75 79 53 1
Kulicke and Soffa Industries, Inc. 2.6B 93 81 83 74 82 54 1
Rambus Inc. 2.4B 96 73 89 88 89 55 1
Canadian Solar Inc. 2.0B 69 70 74 66 71 56 1
Axcelis Technologies, Inc. 1.9B 81 77 68 84 82 57 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 58 1
Himax Technologies, Inc. 1.6B 66 77 48 77 66 59 1
Impinj, Inc. 1.4B 70 38 85 73 65 60 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 61 61 1
Cohu, Inc. 1.3B 92 62 71 44 59 62 1
Photronics, Inc. 1.2B 65 92 96 79 82 63 1
SMART Global Holdings, Inc. 1.0B 48 85 95 53 62 64 1
Veeco Instruments Inc. 1.0B 74 82 48 69 71 65 1
Alpha and Omega Semiconductor Limited 929.5M 49 64 45 60 54 66 1
NeoPhotonics Corporation 838.5M 50 63 67 87 71 67 1
PDF Solutions, Inc. 808.6M 81 98 45 92 89 68 1
CEVA, Inc. 778.5M 57 54 84 83 71 69 1
Ichor Holdings, Ltd. 754.1M 51 37 87 70 58 70 1
indie Semiconductor, Inc. 720.1M 69 80 52 98 85 71 1
Magnachip Semiconductor Corporation 667.1M 65 56 76 54 57 72 1
Mykrolis Corp. 657.1M 65 69 68 82 75 73 1
Maxeon Solar Technologies, Ltd. 575.9M 87 90 59 88 84 74 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 75 1
Rigetti Computing, Inc. 413.5M 48 76 51 60 58 76 1
Meta Materials Inc. 396.9M 85 56 68 97 84 77 1
Valens Semiconductor Ltd. 357.2M 53 89 90 47 66 78 1
Rockley Photonics Holdings Limited 305.7M 79 72 66 47 60 79 1
Transphorm, Inc. 255.8M 81 88 96 95 88 80 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.