Stock fact sheet · data as of
Jinko Holdings Limited Sponsored ADR (JKS): fair value, margin of safety and Wheel Score
Ticker symbol JKS · Energy · Solar · China · ADR · Speculative Income
JKS is an American depositary share (ADR): the US listing of Jinko Holdings Limited Sponsored ADR, whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is JKS undervalued?
JKS has a margin of safety of 100%: the stock closed at 10.65 on 5 Nov 2026 against a GLS average fair value of 19,131.82. 2 of the 2 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
Only 2 of the nine models produced a value (DCF, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files JKS under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan. It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for JKS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 38,222.95 | +358801% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 40.70 | +282% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -282.37 | -2751% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 20.90 | +96% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: JKS passes 3 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 2.3 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC -6.5%, ROE -28.2%, ROA -3.7% - with debt at 3.38 times equity and negative free cash flow. Debt of 3.38 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 25.97% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Sales of Other Solar Materials 100% (fiscal year FY2025).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | -6.5% |
|---|---|---|---|
| GLS Moat | 2.3 / 10 | ROE | -28.2% |
| Debt / equity | 3.38 | ROA | -3.7% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 40: Weak
JKS scores 40 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 5, can repay its debt - 26.6 years to repay its debt (over 3); and filter 6, no serious red flags - Red Flags score 55 (under 60); and filter 8, big enough - market cap $139M (under $1.0B), and the parts are thin too - value strong, premium strong, moat weak, health weak, red flags weak, option trading fair, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 62% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 10,424 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.6M shares a day on a market cap of $139M, with a beta of 0.49 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Fails | 26.6 years to repay its debt (over 3) |
| 6 | No serious red flags | Fails | Red Flags score 55 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $139M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 100% below fair value | |
| Premium | Strong | implied volatility 62% | |
| Moat | Weak | moat 2.3/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Weak | Red Flags score 55/100 | |
| Option trading | Fair | 1,017 contracts a day, 10,424 open interest | |
| Stability | Fair | beta 0.49, $139M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Jinko Holdings Limited Sponsored ADR reports earnings on 16 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Solar
The 12 companies below are the closest to Jinko Holdings Limited Sponsored ADR by market cap within the Solar industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| TOYO TOYO Co., Ltd. | 5.18 | 136.42 | +96% | 39Weak | $221M |
| TYGO Tigo Energy, Inc. | 0.9967 | 5.31 | +81% | 27No options | $77M |
| SPWR SunPower Inc. | 0.2420 | - | - | 9No options | $41M |
| SPRU Spruce Power Holding Corporation | 1.39 | 42.79 | +97% | 23Weak | $27M |
| CSIQ Canadian Solar Inc. | 10.78 | - | - | 22Weak | $732M |
| ARRY Array Technologies, Inc. | 5.33 | 18.61 | +71% | 38Weak | $820M |
| FTCI FTC Solar, Inc. | 1.38 | - | - | 9Weak | $23M |
| SMXT Solarmax Technology Inc. Common Stock | 4.12 | - | - | 14No options | $20M |
| BEEM Beam Global | 0.7817 | - | - | 9Weak | $18M |
| ASTI Ascent Solar Technologies, Inc. Common Stock | 1.73 | 0.4010 | -331% | 9Weak | $17M |
| SHLS Shoals Technologies Group, Inc. | 9.16 | 3.88 | -136% | 25Weak | $1.5B |
| SEDG SolarEdge Technologies, Inc. | 30.02 | 32.07 | +6% | 32Weak | $1.8B |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about JKS
Is JKS undervalued right now?
By the GLS models, yes: at 10.65 the stock is 100% below the average fair value of 19,131.82 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of JKS and what does it mean?
JKS scores 40 out of 100 (Weak) - it fails Wheel Trade Filters 2, 4, 5, 6, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for JKS?
19,131.82 per share as of 5 Nov 2026 - the simple average of the 2 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Jinko Holdings Limited Sponsored ADR report earnings next?
The next earnings report is due on 16 Nov 2026 (before the open), 11 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does JKS have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 10,424 open interest across all expiries and implied volatility of 62% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is JKS an ADR?
Yes. JKS is an American depositary share (ADR): the US listing of Jinko Holdings Limited Sponsored ADR, whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.