AMPH

Amphastar Pharma

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Healthcare

industry

Drug Manufacturers - Specialty & Generic

Exchange

Nasdaq

County of HQ

Canada

Next Earnings Date

05/06/26

Business Summary

Canadian Solar operates as a vertically integrated solar energy company, generating revenue through manufacturing solar modules and developing solar power projects. Cash flow is driven by selling panels into global markets and monetizing developed energy assets, often recycling capital through project sales. Its moat is scale and global distribution reach rather than proprietary technology, allowing it to compete on cost in a commoditized industry. The business relies on manufacturing efficiency, project pipeline execution, and capital access to generate returns, making operational discipline and balance sheet strength critical to long-term value creation.

VALUATION

P/E

10

Market Cap ($M USD)

$924

Forward P/E

5.9

PEG

0.3

PRICE TO SALES

1.4

PRICE TO BOOK

1.2

EV / EBITDA

6.1

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$2.10

Next Year EPS Growth Estimate

$3.46

Next Year Revenue Growth Estimate

4.80%

Return on Equity (ROE)

12.40%

Operating Margin

19.50%

Debt-to-Equity

0.8

Piotroski F-Score

5

Altman Z-Score

2.3

Return on Invested Capital (ROIC)

7.90%%

Current Ratio

4

Quick Ratio

Gainseekers Quantitative Analysis

Summary

This is a distressed balance sheet wrapped in a statistically cheap valuation. A Forward P/E of 10.6 and Price/Sales of 0.2 scream deep value, but the Altman Z-Score of 0.6 is flashing severe financial distress risk, and the company is currently unprofitable with EPS at -1,648.00 and negative operating margins of -2.60%. The market is not irrational here — it is discounting survival risk. While the Forward P/E suggests a rebound narrative, the combination of negative earnings, weak profitability metrics, and a borderline distress-level Z-score implies this is a high-risk turnaround, not a mispriced compounder.

AI Exposure / Tech Reliance

As a Solar company in the Technology sector, its AI exposure is indirect but real through grid optimization, smart energy management, and efficiency analytics. AI-driven demand forecasting and storage optimization could improve capital efficiency and margin structure over time. However, there is nothing in the current financial profile that suggests it is monetizing any advanced tech advantage yet.

The Bull Case

A deep value investor could argue the stock is pricing in near-collapse conditions despite signs of operational resilience. Return on Equity at 15.80% is surprisingly strong given current earnings volatility, and a Piotroski F-Score of 4 suggests the company is not fundamentally broken but in mid-cycle weakness. The Forward P/E of 10.6 combined with a Price/Book of 0.3 implies the equity is trading at a steep discount to its asset base, creating asymmetry if earnings normalize toward the -$0.19 EPS estimate next year. With a Current Ratio of 1.1, liquidity is tight but not catastrophic, and a 2.6 TTM Yield indicates some shareholder return discipline. If margins revert and ROIC improves from 0.90%, the rerating potential from these compressed multiples could be substantial.

The Bear Case

The bear case is structural and severe. An Altman Z-Score of 0.6 signals elevated bankruptcy risk, and Operating Margins at -2.60% confirm the core business is currently destroying value. EPS at -1,648.00 is not a cyclical dip — it reflects extreme earnings volatility or accounting stress, and ROIC at 0.90% is barely above zero, indicating weak capital efficiency. Debt/Equity at -0.30% is an anomaly that may reflect balance sheet distortion rather than strength, and the absence of a PEG ratio combined with negative earnings eliminates any credible growth-adjusted valuation framework. This is a capital-intensive solar operator trading cheaply for a reason: profitability is unstable and financial resilience is thin.

Market Sentiment & Smart Money

Short Interest %

17.00%

Analyst Consensus

2.38

Average Analyst Price Target

$28.00

Institutional Ownership %

76.60%

1-Year Beta

1.21

Insider Buying % (6 Mo)

25.20%%

Distance to 52-Week High

65.20%%

Distance to 52-Week Low

119.60%%