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DAQO NEW ENERGY CORP. DQ

NYSE · stock · Semiconductors & Related Devices · website · IPO 2010-10-07 · LEI

DAQO NEW ENERGY CORP. statistics & valuation

Market cap$887.8M
P / S1.3×
P / B0.2×
Net margin-25.6%
Return on equity-2.9%
FCF margin-18.5%
Return on capital-4.5%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
22.20% 28.70% 12.60% 8.40% 19.10% 44.60% 39.50% 18.60% -33.50% -25.60% 2016201720182019202020212022202320242025
Gross margin (%)
39.70% 44.60% 32.50% 22.90% 34.60% 65.40% 74.00% 39.90% -20.70% -20.70% 2016201720182019202020212022202320242025
Operating margin (%)
31.20% 40.50% 26.90% 13.60% 27.80% 62.60% 66.00% 33.90% -54.80% -40.60% 2016201720182019202020212022202320242025
Return on equity (%)
16.00% 23.50% 7.30% 5.20% 16.20% 28.10% 27.60% 6.70% -5.90% -2.90% 2016201720182019202020212022202320242025
Shares outstanding
264.8M 272.9M 332.0M 350.0M 375.0M 383.8M 391.0M 374.8M 333.8M 338.3M 2016201720182019202020212022202320242025
Net debt ($)
$146.4M $83.8M $71.0M $148.4M $46.6M -$723.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.60% 12.40% 4.50% 2.50% 10.40% 22.40% 24.00% 5.80% -5.40% -2.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
16.40% 24.30% -15.80% -28.00% 13.50% 8.40% 27.30% 21.90% -77.20% -18.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.60× 0.37× 0.26× 0.35× 0.15× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$0.16 $0.34 $0.12 $0.08 $0.34 $1.95 $4.67 $1.15 -$1.04 -$0.51 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DAQO NEW ENERGY CORP. trades at about 12.7× earnings — below its 10-year norm (10-year range 9.7×–259×, median 49.2×).

9.7× 259×

Shaded band = 10-year range (9.7×–259×); dot = today's 12.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin-20.7%-20.7%39.9%74.0%65.4%34.6%22.9%32.5%44.6%39.7%
Operating margin-40.6%-54.8%33.9%66.0%62.6%27.8%13.6%26.9%40.5%31.2%
Net margin-25.6%-33.5%18.6%39.5%44.6%19.1%8.4%12.6%28.7%22.2%
FCF margin-18.5%-77.2%21.9%27.3%8.4%13.5%-28.0%-15.8%24.3%16.4%
Return on assets-2.6%-5.4%5.8%24.0%22.4%10.4%2.5%4.5%12.4%6.6%
Return on equity-2.9%-5.9%6.7%27.6%28.1%16.2%5.2%7.3%23.5%16.0%
Debt / equity————0.00×0.15×0.35×0.26×0.37×0.60×
Current ratio5.375.054.286.643.170.630.391.070.660.29

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.