Daqo New Energy Corp.
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
4.443.06138.7518.81
Price/Sales ratio
0.580.520.780.81
Earnings per Share (EPS)
$4.99$7.24$0.16$1.18

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.0513.264.647.147.6523.5531.533.971.604.620.4023.55
Price/Sales ratio
1.190.940.881.880.961.986.021.770.630.860.161.98
Price/Book Value ratio
1.050.710.741.690.551.225.311.370.600.410.151.22
Price/Cash Flow ratio
4.762.582.044.643.053.8419.424.661.181.220.303.84
Price/Free Cash Flow ratio
-6.92-11.506.478.86-6.14-6.6444.5622.882.404.630.30-6.14
Price/Earnings Growth ratio
-0.10-0.350.020.06-0.11-0.790.090.000.01-0.060.01-0.11
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
23.69%20.62%35.10%40.66%32.53%22.88%34.63%65.35%73.95%39.89%73.95%32.53%
Operating Profit Margin
17.54%14.40%28.56%36.47%27.01%13.56%17.77%62.62%65.98%33.94%65.98%27.01%
Pretax Profit Margin
9.11%7.79%22.38%31.51%24.46%10.82%23.99%61.64%66.33%35.46%66.33%24.46%
Net Profit Margin
9.11%7.11%18.98%26.31%12.64%8.43%19.12%44.61%39.48%18.61%40.36%12.64%
Effective Tax Rate
94.02%8.02%14.34%15.58%15.87%25.39%17.38%15.73%17.57%20.23%17.57%15.87%
Return on Assets
2.34%1.96%6.62%12.39%4.45%2.45%10.42%22.39%23.96%5.78%24.49%4.45%
Return On Equity
8.05%5.39%16.10%23.69%7.26%5.21%16.84%34.52%37.54%9.02%46.82%7.26%
Return on Capital Employed
10.20%6.80%16.08%24.18%11.55%6.27%12.57%37.64%44.33%11.88%44.33%11.55%
Liquidity Ratios
Current Ratio
0.300.320.290.651.060.390.63N/AN/AN/A6.651.06
Quick Ratio
0.280.280.240.560.960.300.482.576.424.066.340.96
Cash ratio
0.010.050.060.280.430.110.261.314.793.634.790.43
Days of Sales Outstanding
126.9662.5330.7622.2111.245.890.1579.5589.6218.4089.6211.24
Days of Inventory outstanding
25.1027.0630.1534.1727.7149.2134.84205.7051.5445.5951.5427.71
Operating Cycle
152.0689.6060.9156.3938.9555.1134.99285.26141.1664.0073.6438.95
Days of Payables Outstanding
43.9744.1846.0233.6616.4917.1915.6651.1224.8924.4431.1816.49
Cash Conversion Cycle
108.0945.4214.8922.7222.4637.9219.33234.13116.2739.5671.1422.46
Debt Ratios
Debt Ratio
0.400.420.370.240.230.230.19N/A0.00N/A0.120.23
Debt Equity Ratio
1.381.170.900.470.380.490.31N/A0.00N/A0.190.49
Long-term Debt to Capitalization
0.270.330.290.220.200.210.13N/AN/AN/AN/A0.21
Total Debt to Capitalization
0.580.540.470.320.270.330.24N/A0.00N/AN/A0.33
Interest Coverage Ratio
2.042.114.507.317.574.567.05N/AN/AN/A122.787.57
Cash Flow to Debt Ratio
0.150.230.400.770.470.640.86N/A119.25N/AN/A0.64
Company Equity Multiplier
3.432.742.431.911.622.121.611.541.561.551.562.12
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.240.360.430.400.310.510.310.380.530.700.530.31
Free Cash Flow / Operating Cash Flow Ratio
-0.68-0.220.310.52-0.49-0.570.430.200.490.261-0.49
Cash Flow Coverage Ratio
0.150.230.400.770.470.640.86N/A119.25N/AN/A0.64
Short Term Coverage Ratio
0.210.400.741.931.411.401.75N/A119.25N/AN/A1.40
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A