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JinkoSolar Holding Co., Ltd. (JKS)
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JinkoSolar Holding Co., Ltd. Financial Ratios 2025-2008 | JKS
Brief overview of JinkoSolar Holding Co., Ltd.'s valuation multiples
Ratios are assessed across five available annual reports in the 2020–2024 interval.
The current valuation set is P/E 60.13x (median 11.67x), EV/EBITDA 16.4x (median 6.57x), P/S 0.06x (median 14.74x). The combined multiple level is about 74.8% above the company's historical norm, leaving less valuation cushion.
At the current P/E, inverse earnings yield is 1.7%, a useful bridge between price and business earnings.
The latest available business-quality ratios are ROE -28.3%, ROA -3.7%, ROCE -16.5%. Returns below zero mean resources are not producing positive profit. Recovery in operating results is the main reference point.
Price, earnings and growth produce a PEG of 1.08x, a neutral level if forecasts are realistic.
Overall assessment
JinkoSolar Holding Co., Ltd.'s profile looks stretched: price anticipates improvement that current quality ratios do not yet confirm.
Annual Financial Ratios JinkoSolar Holding Co., Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.8 | 60.1 | 1.6 | 10.7 | 11.7 | 48.1 | 3.5 | 6.3 | 20.2 | 6.6 | 25.2 | 26.7 | 101.5 | -2.8 | 16.3 | 0.9 | - | - | |
P/S |
0.1 | 8.1 | 14.7 | 20.0 | 140.7 | 0.3 | 0.1 | 0.1 | 0.1 | 0.6 | 1.1 | 1.8 | 2.7 | 0.9 | 0.6 | - | - | - |
EPS |
-21.3 | 0.3 | 16.6 | 3.1 | 3.8 | 1.3 | 5.3 | 2.6 | 1.1 | 7.9 | 5.5 | 5.5 | 2 | -17.4 | 2.9 | 11.2 | -0.7 | - |
EV (Enterprise Value) |
77.1 B | 68.9 B | 91.7 B | 78.1 B | 67.1 B | 43.9 B | 32.9 B | 26.9 B | 22.9 B | 19 B | 23.1 B | 16.5 B | 11.1 B | 7.39 B | 6.53 B | 3.47 B | -152 M | -27.3 M |
EBITDA per Share |
-5.49 | 20.1 | 67.2 | 15.2 | 14.2 | 16.5 | 14.6 | 9.41 | 7.18 | 16.4 | 13.7 | 8.36 | 10.5 | -10.1 | 5.69 | 14.5 | 3.28 | - |
EV/EBITDA |
-67.4 | 16.4 | 6.6 | 25.9 | 3.1 | 6.3 | 3.5 | 6.2 | 9.0 | 2.7 | 3.6 | 5.4 | 6.3 | -3.7 | 6.9 | 3.2 | -0.9 | - |
PEG |
-0.03 | 1.08 | 0.02 | 0.58 | 2.02 | 3.87 | 0.16 | 0.83 | -0.51 | 0.04 | 1.13 | 0.22 | -0.91 | 0.0 | -0.22 | - | - | - |
P/B |
0.1 | 0.1 | 0.2 | 0.2 | 0.6 | 0.9 | 0.3 | 0.3 | 0.4 | 1.9 | 4.0 | 5.1 | 9.4 | 3.2 | 1.5 | 0.3 | - | - |
P/CF |
3.4 | 0.2 | 0.4 | -1.1 | 19.5 | 18.8 | 2.2 | 4.2 | -16.2 | -0.3 | -1.5 | -8.4 | 19.7 | 1.1 | -0.2 | 3.4 | - | - |
ROE % |
-28.27 | 0.27 | 17.10 | 3.80 | 5.05 | 1.77 | 7.22 | 4.81 | 2.12 | 28.28 | 15.71 | 19.05 | 9.30 | -112.24 | 9.40 | 33.09 | 18.33 | - |
ROA % |
-3.67 | 0.04 | 2.54 | 0.57 | 0.99 | 0.43 | 1.88 | 1.13 | 0.49 | 7.00 | 2.52 | 3.53 | 1.77 | -18.42 | 2.98 | 15.00 | - | - |
ROCE % |
-16.45 | -5.97 | 14.72 | 1.30 | 4.01 | 8.11 | 10.44 | 5.51 | 3.75 | 17.52 | 13.16 | 9.86 | 19.15 | -57.78 | 8.94 | 33.69 | 26.28 | - |
Current Ratio |
1.3 | 1.4 | 1.3 | 1.3 | 1.2 | 1.3 | 1.4 | 1.3 | 1.3 | 1.1 | 1.2 | 1.0 | 0.7 | 0.6 | 0.8 | 1.8 | - | - |
DSO |
- | - | 8248.4 | 9133.3 | 13837.3 | 50.9 | 65.7 | 72.4 | 63.8 | 133.1 | 78.0 | 127.4 | 115.9 | 167.2 | 126.6 | - | - | - |
DIO |
76.9 | 68.2 | 65.3 | 79.1 | 115.5 | 89.5 | 86.8 | 84.9 | 68.0 | 93.1 | 93.4 | 90.3 | 46.1 | 42.2 | 46.7 | - | - | - |
DPO |
- | - | 19.0 | 44.2 | 60.0 | 59.2 | 77.2 | 84.6 | 69.5 | 89.3 | 110.3 | 150.4 | 114.4 | 165.9 | 22.1 | 19.6 | - | - |
Operating Cycle |
76.9 | 68.2 | 8313.7 | 9212.4 | 13952.8 | 140.4 | 152.4 | 157.3 | 131.8 | 226.3 | 171.4 | 217.7 | 161.9 | 209.4 | 173.3 | - | - | - |
Cash Conversion Cycle |
76.9 | 68.2 | 8294.7 | 9168.1 | 13892.8 | 81.2 | 75.3 | 72.7 | 62.2 | 136.9 | 61.1 | 67.3 | 47.5 | 43.5 | 151.2 | - | - | - |
Annual performance
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All numbers in CNY currency
Quarterly Financial Ratios JinkoSolar Holding Co., Ltd.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
-21.33 | - | - | - | - | - | - | - | - | - | - | - | -2.12 | - | - | - | - | - | - | - | - | - | - | - | 0.17000000000000004 | 0.09000000000000008 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.16 | -0.73 | - |
EBITDA per Share |
-5.49 | - | - | - | - | - | - | - | - | - | - | - | 93.7 | - | - | - | - | - | - | - | - | - | - | - | 184 | 103 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.5 | 3.28 | - |
ROE % |
-30.54 | -2.27 | -2.27 | -2.27 | -2.27 | -2.27 | -2.27 | -2.27 | -2.27 | -2.27 | -2.27 | -2.27 | 30.81 | 33.61 | 33.61 | 33.61 | 33.61 | 33.61 | 33.61 | 33.61 | 33.61 | 33.61 | 33.61 | 33.61 | 51.93 | 0.17 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33.09 | 18.33 | - |
ROA % |
-4.23 | -0.56 | -0.56 | -0.56 | -0.56 | -0.56 | -0.56 | -0.56 | -0.56 | -0.56 | -0.56 | -0.56 | 14.43 | 15.12 | 15.12 | 15.12 | 15.12 | 15.12 | 15.12 | 15.12 | 15.12 | 15.12 | 15.12 | 15.12 | 0.08 | 0.04 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.00 | - | - |
ROCE % |
-14.02 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 2.43 | 39.57 | 39.25 | 39.25 | 39.25 | 39.25 | 39.25 | 39.25 | 39.25 | 39.25 | 39.25 | 39.25 | 39.25 | 65.53 | 1.05 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.14 | 26.28 | - |
Current Ratio |
1.3 | 1.4 | 1.3 | - | 1.3 | - | - | - | 1.2 | - | - | - | 1.3 | 1.3 | - | - | 1.4 | - | - | - | 1.3 | - | - | - | 1.3 | 1.3 | 1.3 | - | 1.3 | - | - | - | 1.3 | - | - | - | 1.4 | - | - | - | 1.2 | - | - | - | 1.2 | - | - | - | 1.5 | - | - | - | 1.8 | - | - |
DSO |
- | - | - | 18114.1 | - | - | - | - | - | - | - | - | 46.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DIO |
19.2 | - | - | - | - | - | - | - | - | - | - | - | 92.8 | - | - | - | - | - | - | - | - | - | - | - | 77.3 | 84.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.3 | - | - |
DPO |
- | - | - | - | - | - | - | - | - | - | - | - | 53.5 | - | - | - | - | - | - | - | - | - | - | - | 75.1 | 85.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.9 | - | - |
Operating Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | 139.6 | - | - | - | - | - | - | - | - | - | - | - | 77.3 | 84.4 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | 86.1 | - | - | - | - | - | - | - | - | - | - | - | 2.1 | -1.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in CNY currency
Multiples are an important financial analysis tool for the company JinkoSolar Holding Co., Ltd., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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