Intrinsic value of SunPower - SPWR

Previous Close

$6.34

  Intrinsic Value

$70.42

stock screener

  Rating & Target

str. buy

+999%

Previous close

$6.34

 
Intrinsic value

$70.42

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of SPWR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  36.90
  33.71
  30.84
  28.26
  25.93
  23.84
  21.95
  20.26
  18.73
  17.36
  16.12
  15.01
  14.01
  13.11
  12.30
  11.57
  10.91
  10.32
  9.79
  9.31
  8.88
  8.49
  8.14
  7.83
  7.54
  7.29
  7.06
  6.85
  6.67
  6.50
Revenue, $m
  2,563
  3,426
  4,483
  5,750
  7,241
  8,966
  10,935
  13,150
  15,613
  18,323
  21,278
  24,472
  27,900
  31,557
  35,438
  39,537
  43,851
  48,377
  53,112
  58,056
  63,211
  68,578
  74,161
  79,966
  85,999
  92,268
  98,783
  105,555
  112,595
  119,916
Variable operating expenses, $m
  604
  806
  1,054
  1,352
  1,701
  2,106
  2,568
  3,088
  3,666
  4,302
  4,993
  5,742
  6,546
  7,404
  8,315
  9,277
  10,289
  11,351
  12,462
  13,622
  14,832
  16,091
  17,401
  18,763
  20,178
  21,649
  23,178
  24,767
  26,419
  28,137
Fixed operating expenses, $m
  2,525
  2,581
  2,638
  2,696
  2,755
  2,816
  2,878
  2,941
  3,006
  3,072
  3,139
  3,208
  3,279
  3,351
  3,425
  3,500
  3,577
  3,656
  3,736
  3,818
  3,902
  3,988
  4,076
  4,166
  4,257
  4,351
  4,447
  4,545
  4,645
  4,747
Total operating expenses, $m
  3,129
  3,387
  3,692
  4,048
  4,456
  4,922
  5,446
  6,029
  6,672
  7,374
  8,132
  8,950
  9,825
  10,755
  11,740
  12,777
  13,866
  15,007
  16,198
  17,440
  18,734
  20,079
  21,477
  22,929
  24,435
  26,000
  27,625
  29,312
  31,064
  32,884
Operating income, $m
  -567
  39
  791
  1,702
  2,784
  4,044
  5,489
  7,121
  8,942
  10,950
  13,146
  15,521
  18,075
  20,802
  23,698
  26,760
  29,985
  33,370
  36,914
  40,616
  44,477
  48,498
  52,684
  57,037
  61,563
  66,268
  71,158
  76,243
  81,531
  87,033
EBITDA, $m
  -308
  384
  1,242
  2,280
  3,511
  4,944
  6,586
  8,440
  10,507
  12,787
  15,276
  17,971
  20,867
  23,961
  27,246
  30,718
  34,375
  38,213
  42,230
  46,427
  50,804
  55,363
  60,107
  65,042
  70,171
  75,504
  81,047
  86,809
  92,802
  99,036
Interest expense (income), $m
  36
  88
  158
  245
  352
  480
  630
  805
  1,004
  1,227
  1,476
  1,750
  2,048
  2,371
  2,717
  3,087
  3,479
  3,893
  4,329
  4,786
  5,264
  5,763
  6,284
  6,826
  7,390
  7,976
  8,586
  9,219
  9,877
  10,561
  11,272
Earnings before tax, $m
  -655
  -119
  546
  1,350
  2,304
  3,414
  4,684
  6,117
  7,714
  9,474
  11,396
  13,473
  15,704
  18,084
  20,611
  23,282
  26,092
  29,042
  32,128
  35,352
  38,713
  42,214
  45,858
  49,647
  53,586
  57,682
  61,939
  66,366
  70,970
  75,760
Tax expense, $m
  0
  0
  147
  365
  622
  922
  1,265
  1,652
  2,083
  2,558
  3,077
  3,638
  4,240
  4,883
  5,565
  6,286
  7,045
  7,841
  8,675
  9,545
  10,453
  11,398
  12,382
  13,405
  14,468
  15,574
  16,724
  17,919
  19,162
  20,455
Net income, $m
  -655
  -119
  398
  986
  1,682
  2,492
  3,419
  4,466
  5,631
  6,916
  8,319
  9,835
  11,464
  13,202
  15,046
  16,996
  19,047
  21,200
  23,454
  25,807
  28,261
  30,817
  33,476
  36,242
  39,118
  42,108
  45,216
  48,447
  51,808
  55,305

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,511
  7,368
  9,641
  12,365
  15,571
  19,283
  23,516
  28,279
  33,577
  39,405
  45,758
  52,627
  60,000
  67,865
  76,211
  85,027
  94,304
  104,036
  114,219
  124,852
  135,937
  147,479
  159,486
  171,969
  184,943
  198,426
  212,437
  226,999
  242,139
  257,884
Adjusted assets (=assets-cash), $m
  5,511
  7,368
  9,641
  12,365
  15,571
  19,283
  23,516
  28,279
  33,577
  39,405
  45,758
  52,627
  60,000
  67,865
  76,211
  85,027
  94,304
  104,036
  114,219
  124,852
  135,937
  147,479
  159,486
  171,969
  184,943
  198,426
  212,437
  226,999
  242,139
  257,884
Revenue / Adjusted assets
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
Average production assets, $m
  2,539
  3,395
  4,443
  5,698
  7,175
  8,886
  10,836
  13,032
  15,473
  18,159
  21,086
  24,251
  27,649
  31,273
  35,119
  39,182
  43,457
  47,942
  52,634
  57,534
  62,642
  67,960
  73,493
  79,246
  85,225
  91,438
  97,894
  104,605
  111,581
  118,837
Working capital, $m
  182
  243
  318
  408
  514
  637
  776
  934
  1,109
  1,301
  1,511
  1,737
  1,981
  2,241
  2,516
  2,807
  3,113
  3,435
  3,771
  4,122
  4,488
  4,869
  5,265
  5,678
  6,106
  6,551
  7,014
  7,494
  7,994
  8,514
Total debt, $m
  2,871
  4,457
  6,398
  8,724
  11,462
  14,632
  18,247
  22,315
  26,839
  31,816
  37,242
  43,108
  49,404
  56,121
  63,248
  70,777
  78,700
  87,012
  95,708
  104,788
  114,255
  124,111
  134,365
  145,026
  156,106
  167,620
  179,586
  192,022
  204,951
  218,398
Total liabilities, $m
  4,706
  6,293
  8,233
  10,560
  13,298
  16,467
  20,082
  24,151
  28,675
  33,652
  39,078
  44,943
  51,240
  57,957
  65,084
  72,613
  80,536
  88,847
  97,543
  106,624
  116,090
  125,947
  136,201
  146,862
  157,942
  169,456
  181,421
  193,858
  206,787
  220,233
Total equity, $m
  805
  1,076
  1,408
  1,805
  2,273
  2,815
  3,433
  4,129
  4,902
  5,753
  6,681
  7,684
  8,760
  9,908
  11,127
  12,414
  13,768
  15,189
  16,676
  18,228
  19,847
  21,532
  23,285
  25,107
  27,002
  28,970
  31,016
  33,142
  35,352
  37,651
Total liabilities and equity, $m
  5,511
  7,369
  9,641
  12,365
  15,571
  19,282
  23,515
  28,280
  33,577
  39,405
  45,759
  52,627
  60,000
  67,865
  76,211
  85,027
  94,304
  104,036
  114,219
  124,852
  135,937
  147,479
  159,486
  171,969
  184,944
  198,426
  212,437
  227,000
  242,139
  257,884
Debt-to-equity ratio
  3.570
  4.140
  4.550
  4.830
  5.040
  5.200
  5.310
  5.400
  5.470
  5.530
  5.570
  5.610
  5.640
  5.660
  5.680
  5.700
  5.720
  5.730
  5.740
  5.750
  5.760
  5.760
  5.770
  5.780
  5.780
  5.790
  5.790
  5.790
  5.800
  5.800
Adjusted equity ratio
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146
  0.146

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -655
  -119
  398
  986
  1,682
  2,492
  3,419
  4,466
  5,631
  6,916
  8,319
  9,835
  11,464
  13,202
  15,046
  16,996
  19,047
  21,200
  23,454
  25,807
  28,261
  30,817
  33,476
  36,242
  39,118
  42,108
  45,216
  48,447
  51,808
  55,305
Depreciation, amort., depletion, $m
  259
  346
  451
  578
  727
  900
  1,097
  1,319
  1,565
  1,837
  2,130
  2,450
  2,793
  3,159
  3,547
  3,958
  4,390
  4,843
  5,317
  5,812
  6,327
  6,865
  7,424
  8,005
  8,609
  9,236
  9,888
  10,566
  11,271
  12,004
Funds from operations, $m
  -396
  227
  850
  1,564
  2,409
  3,392
  4,517
  5,785
  7,197
  8,753
  10,449
  12,285
  14,257
  16,361
  18,594
  20,953
  23,437
  26,043
  28,770
  31,618
  34,588
  37,681
  40,900
  44,247
  47,727
  51,344
  55,104
  59,013
  63,079
  67,309
Change in working capital, $m
  49
  61
  75
  90
  106
  123
  140
  157
  175
  192
  210
  227
  243
  260
  276
  291
  306
  321
  336
  351
  366
  381
  396
  412
  428
  445
  463
  481
  500
  520
Cash from operations, $m
  -445
  165
  775
  1,474
  2,304
  3,270
  4,377
  5,627
  7,022
  8,560
  10,239
  12,058
  14,013
  16,101
  18,318
  20,662
  23,131
  25,722
  28,434
  31,267
  34,222
  37,300
  40,503
  43,835
  47,298
  50,899
  54,641
  58,532
  62,579
  66,789
Maintenance CAPEX, $m
  -187
  -257
  -343
  -449
  -576
  -725
  -898
  -1,095
  -1,316
  -1,563
  -1,834
  -2,130
  -2,450
  -2,793
  -3,159
  -3,547
  -3,958
  -4,390
  -4,843
  -5,317
  -5,812
  -6,327
  -6,865
  -7,424
  -8,005
  -8,609
  -9,236
  -9,888
  -10,566
  -11,271
New CAPEX, $m
  -684
  -856
  -1,047
  -1,255
  -1,477
  -1,710
  -1,951
  -2,195
  -2,441
  -2,686
  -2,928
  -3,165
  -3,397
  -3,624
  -3,846
  -4,063
  -4,275
  -4,485
  -4,693
  -4,900
  -5,108
  -5,319
  -5,533
  -5,753
  -5,979
  -6,213
  -6,456
  -6,711
  -6,977
  -7,256
Cash from investing activities, $m
  -871
  -1,113
  -1,390
  -1,704
  -2,053
  -2,435
  -2,849
  -3,290
  -3,757
  -4,249
  -4,762
  -5,295
  -5,847
  -6,417
  -7,005
  -7,610
  -8,233
  -8,875
  -9,536
  -10,217
  -10,920
  -11,646
  -12,398
  -13,177
  -13,984
  -14,822
  -15,692
  -16,599
  -17,543
  -18,527
Free cash flow, $m
  -1,316
  -947
  -615
  -230
  251
  835
  1,529
  2,338
  3,265
  4,311
  5,477
  6,763
  8,166
  9,684
  11,313
  13,052
  14,898
  16,847
  18,899
  21,051
  23,303
  25,654
  28,106
  30,659
  33,315
  36,077
  38,949
  41,934
  45,036
  48,263
Issuance/(repayment) of debt, $m
  1,266
  1,586
  1,941
  2,326
  2,738
  3,170
  3,615
  4,068
  4,524
  4,978
  5,426
  5,866
  6,296
  6,717
  7,127
  7,529
  7,923
  8,311
  8,696
  9,081
  9,466
  9,857
  10,254
  10,661
  11,080
  11,514
  11,965
  12,436
  12,929
  13,446
Issuance/(repurchase) of shares, $m
  871
  390
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  2,137
  1,976
  1,941
  2,326
  2,738
  3,170
  3,615
  4,068
  4,524
  4,978
  5,426
  5,866
  6,296
  6,717
  7,127
  7,529
  7,923
  8,311
  8,696
  9,081
  9,466
  9,857
  10,254
  10,661
  11,080
  11,514
  11,965
  12,436
  12,929
  13,446
Total cash flow (excl. dividends), $m
  821
  1,029
  1,325
  2,096
  2,989
  4,004
  5,144
  6,406
  7,788
  9,289
  10,903
  12,629
  14,462
  16,400
  18,441
  20,581
  22,821
  25,159
  27,595
  30,131
  32,769
  35,511
  38,360
  41,319
  44,395
  47,591
  50,914
  54,370
  57,966
  61,709
Retained Cash Flow (-), $m
  -871
  -390
  -332
  -398
  -468
  -542
  -618
  -696
  -773
  -851
  -928
  -1,003
  -1,076
  -1,148
  -1,218
  -1,287
  -1,354
  -1,421
  -1,487
  -1,552
  -1,618
  -1,685
  -1,753
  -1,823
  -1,894
  -1,968
  -2,046
  -2,126
  -2,210
  -2,299
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -50
  639
  993
  1,699
  2,521
  3,462
  4,526
  5,710
  7,015
  8,438
  9,975
  11,626
  13,386
  15,252
  17,222
  19,294
  21,466
  23,738
  26,108
  28,579
  31,151
  33,826
  36,607
  39,497
  42,501
  45,623
  48,868
  52,244
  55,755
  59,410
Discount rate, %
  9.70
  10.19
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
  21.17
  22.23
  23.34
  24.51
  25.74
  27.02
  28.38
  29.79
  31.28
  32.85
  34.49
  36.21
  38.03
  39.93
PV of cash for distribution, $m
  -46
  526
  732
  1,110
  1,444
  1,719
  1,924
  2,052
  2,102
  2,077
  1,987
  1,843
  1,660
  1,452
  1,235
  1,021
  820
  640
  485
  356
  254
  175
  117
  76
  47
  28
  16
  9
  5
  2
Current shareholders' claim on cash, %
  50.6
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4
  38.4

SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company's segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation. The Company offers solar module technology and solar power systems that are designed to generate electricity over a system life over 25 years; Integrated Smart Energy software solutions that enable customers to manage and optimize the cooperation center of excellence (CCOE) measurement; Installation, construction, and ongoing maintenance and monitoring services; and financing solutions that provide customers a range of options for purchasing or leasing solar products at competitive energy rates. The Company offers a set of residential solutions that deliver value to homeowners and its dealer partners.

FINANCIAL RATIOS  of  SunPower (SPWR)

Valuation Ratios
P/E Ratio -1.9
Price to Sales 0.3
Price to Book 0.9
Price to Tangible Book
Price to Cash Flow -2.8
Price to Free Cash Flow -1.8
Growth Rates
Sales Growth Rate 62.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -21.7%
Cap. Spend. - 3 Yr. Gr. Rate 40.8%
Financial Strength
Quick Ratio 6
Current Ratio 0.6
LT Debt to Equity 178.5%
Total Debt to Equity 185.5%
Interest Coverage -15
Management Effectiveness
Return On Assets -9.2%
Ret/ On Assets - 3 Yr. Avg. -1.8%
Return On Total Capital -15.4%
Ret/ On T. Cap. - 3 Yr. Avg. -3.9%
Return On Equity -38.3%
Return On Equity - 3 Yr. Avg. -10.8%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 7.4%
Gross Margin - 3 Yr. Avg. 14.5%
EBITDA Margin -13.9%
EBITDA Margin - 3 Yr. Avg. -2.4%
Operating Margin -15.9%
Oper. Margin - 3 Yr. Avg. -6.9%
Pre-Tax Margin -22.1%
Pre-Tax Margin - 3 Yr. Avg. -10.4%
Net Profit Margin -18.4%
Net Profit Margin - 3 Yr. Avg. -7.4%
Effective Tax Rate -1.2%
Eff/ Tax Rate - 3 Yr. Avg. -8%
Payout Ratio 0%

SPWR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SPWR stock intrinsic value calculation we used $1871.813 million for the last fiscal year's total revenue generated by SunPower. The default revenue input number comes from 0001 income statement of SunPower. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SPWR stock valuation model: a) initial revenue growth rate of 36.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.7%, whose default value for SPWR is calculated based on our internal credit rating of SunPower, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of SunPower.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SPWR stock the variable cost ratio is equal to 23.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $2471 million in the base year in the intrinsic value calculation for SPWR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.5% for SunPower.

Corporate tax rate of 27% is the nominal tax rate for SunPower. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SPWR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SPWR are equal to 99.1%.

Life of production assets of 9.9 years is the average useful life of capital assets used in SunPower operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SPWR is equal to 7.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $588.209 million for SunPower - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 140.863 million for SunPower is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of SunPower at the current share price and the inputted number of shares is $0.9 billion.

RELATED COMPANIES Price Int.Val. Rating
FSLR First Solar 42.71 11.94  str.sell
CSIQ Canadian Solar 13.86 176.46  str.buy

COMPANY NEWS

▶ SunPower Hoping Clouds Will Clear in 2019   [Nov-06-18 06:33AM  Motley Fool]
▶ SunPower: 3Q Earnings Snapshot   [05:17PM  Associated Press]
▶ SunPower Reports Third Quarter Results   [04:05PM  PR Newswire]
▶ 1 Solar Stock Could Crush Expectations   [06:02AM  Motley Fool]
▶ 3 Top Solar Stocks to Watch Right Now   [Oct-24-18 09:17AM  Motley Fool]
▶ Solar Energy Could Grow 6,500% by 2050   [Oct-14-18 09:34AM  Motley Fool]
▶ Top 3 Solar Stocks as of October 2018   [07:10PM  Investopedia]
▶ Know This Key Sell Signal: Why A V-Shaped Base Spells "Trouble"   [Sep-24-18 06:40PM  Investor's Business Daily]
▶ BNEF Brief: SunPower Wins Tariff Exemption   [Sep-21-18 12:46PM  Bloomberg]
▶ SunPower (SPWR) Catches Eye: Stock Jumps 5.3%   [Sep-20-18 08:38AM  Zacks]
▶ Why Cronos Group, Tilray, and SunPower Jumped Today   [Sep-18-18 04:30PM  Motley Fool]
▶ Why SunPower Corporation Stock Soared 15%   [02:04PM  Motley Fool]
▶ Why Solar Stocks Are Struggling in 2018   [Sep-12-18 08:01PM  Motley Fool]
▶ Why SunPower Is Killing Its Biggest Business   [Aug-27-18 06:03AM  Motley Fool]
▶ SunPower Is Gaining Steam In Residential Solar   [Aug-22-18 07:16AM  Motley Fool]
▶ Know This Sell Signal: When Stock Leaders Stage Big Downside Reversals   [Aug-13-18 05:00PM  Investor's Business Daily]
▶ Solar Stocks Are Still Attractive Despite Recent Rally   [Aug-10-18 11:08AM  InvestorPlace]
▶ SunPower Bets on High-Efficiency Future   [Aug-02-18 06:36AM  Motley Fool]
▶ The 4 Worst Solar Stocks of 2018 (So Far)   [Aug-01-18 08:01PM  Motley Fool]
▶ The 3 Best Solar Stocks of 2018 (So Far)   [09:32AM  Motley Fool]
▶ SunPower: 2Q Earnings Snapshot   [05:11PM  Associated Press]
▶ SunPower Reports Second Quarter Results   [04:14PM  PR Newswire]
▶ The Ups and Downs of 2018 for SunPower   [06:32AM  Motley Fool]
▶ 5 Top Stocks Under $10   [Jul-14-18 02:20PM  Motley Fool]
▶ How Financially Strong Is SunPower Corporation (NASDAQ:SPWR)?   [Jun-27-18 08:56AM  Simply Wall St.]
▶ This Could Be Solar Energy's Next Big Leap Forward   [Jun-22-18 08:20AM  Motley Fool]
▶ Trump administration will get a deal on Nafta: Steve Rosen   [Jun-20-18 04:37PM  Fox Business Videos]
▶ SunPower chairman: We pay about $2 million a week in tariffs   [Jun-15-18 04:00PM  Fox Business Videos]
▶ How Financially Strong Is SunPower Corporation (NASDAQ:SPWR)?   [Jun-14-18 11:41AM  Simply Wall St.]
▶ Enphase Energy to Acquire SunPowers Microinverter Business   [Jun-12-18 04:01PM  GlobeNewswire]

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