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STOCK COMPARISON

Changzhou Fusion New Material Co. Ltd. A vs First Solar: Fair Value & Quality

Both stocks run through our valuation models. Here is how Changzhou Fusion New Material Co. Ltd. A (688503) and First Solar (FSLR) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Changzhou Fusion New Material Co. Ltd. A trades at ¥75.89 versus a fair value of ¥29.48 (-61%), while First Solar trades at $250 versus $284 (+14%).
Changzhou Fusion New Material Co. Ltd. A
688503.SHG · CNY · Information Technology
-61%
upside to fair value
overvalued
Price¥75.89
Fair Value¥29.48
Quality47/100
First Solar
FSLR · USD · Information Technology
+14%
upside to fair value
undervalued
Price$250
Fair Value$284
Quality65/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Changzhou Fusion New Material Co. Ltd. AFirst Solar
Valuation
35.5×P/E (TTM)14.7×
1.26×P/S (TTM)4.52×
4.34×P/B2.57×
21.9×EV/EBITDA9.7×
PEG0.60×
Profitability
4%Net margin31%
8%Operating margin33%
12%Return on equity18%
5%Return on assets8%
Growth
88%Revenue growth (YoY)24%
30.9%Avg. growth/yr (3Y)25.8%
42.3%Avg. growth/yr (5Y)14.0%
Balance & size
Debt / equity0.03×
$3BMarket cap$24B
expensiveGrowth qualityhealthy

First Solar leads: 4 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Changzhou Fusion New Material Co. Ltd. Aof which business quality 46 · market factors 49 First Solarof which business quality 66 · market factors 45
ProfitabilityMargins and returns on capital today
41
56
Quality GrowthAre margins and returns improving?
36
54
CashflowEarnings quality: real cash, not paper profit
0
72
Fin. StrengthBalance sheet, leverage, solvency risk
69
94
InvestmentDisciplined investing over empire-building
61
14
Low VolatilityCalm price path (market factor)
17
8
MomentumPrice trend over the last 3–12 months (market factor)
55
58
52W MomentumDistance to the 52-week high (market factor)
73
64
Net IssuanceBuybacks instead of dilution
84
80

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Changzhou Fusion New Material Co. Ltd. A

DCF Models¥41.19
Earnings-Based¥50.06
Dividend Discount¥8.12
Multiples¥40.01
Asset-Based¥13.87
Economic Profit¥34.66
Growth Earnings¥60.93

16 of 17 models see the stock below the current price.

First Solar

DCF Models$404
Earnings-Based$310
Multiples$263
Asset-Based$59.47
Growth DCF$296
Economic Profit$202
Growth Earnings$405

8 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Changzhou Fusion New Material Co. Ltd. A
Bear ¥22.11Fair Value ¥29.48Bull ¥36.85
¥75.89 = current price (white tick)
First Solar
Bear $194Fair Value $284Bull $356
$250 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Changzhou Fusion New Material Co. Ltd. A · Information Technology

Quality score47 · below median
Fair value upside-61% · below median

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+14% · Top 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Changzhou Fusion New Material Co. Ltd. A trades at ¥75.89 versus a fair value of ¥29.48 (-61%), while First Solar trades at $250 versus $284 (+14%).

First Solar has the higher quality score (65/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.