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SolarEdge Technologies Inc

Technology US SEDG

13.65USD
-0.19(1.37%)

Last update at 2024-12-19T18:55:00Z

Day Range

13.4214.50
LowHigh

52 Week Range

46.86303.31
LowHigh

Fundamentals

  • Previous Close 13.84
  • Market Cap2771.52M
  • Volume3093880
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-114.32200M
  • Revenue TTM2237.04M
  • Revenue Per Share TTM39.39
  • Gross Profit TTM 844.65M
  • Diluted EPS TTM-4.6

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 81.10M 177.16M 187.22M 163.67M 178.60M
Minority interest - - 0.00000M 0.43M -1.59200M
Net income 34.33M 93.78M 169.17M 140.32M 146.55M
Selling general administrative 146.50M 112.50M 82.20M 63.12M 57.67M
Selling and marketing expenses 164.32M 159.68M 119.00M 95.98M 87.98M
Gross profit 703.82M 844.65M 629.32M 461.36M 479.34M
Reconciled depreciation 57.20M 49.68M 39.53M 31.83M 26.89M
Ebit 90.09M 183.94M 208.97M 142.69M 199.02M
Ebitda 147.29M 233.62M 248.51M 174.52M 225.91M
Depreciation and amortization 57.20M 49.68M 39.53M 31.83M 26.89M
Non operating income net other - - -19.91500M 21.11M -11.34300M
Operating income 40.20M 166.12M 207.14M 142.56M 189.95M
Other operating expenses 2905.01M 2944.16M 1756.73M 1316.71M 1213.32M
Interest expense 4.20M 9.95M 8.67M 8.07M 4.80M
Tax provision 46.42M 83.38M 18.05M 23.34M 33.65M
Interest income 33.16M 11.95M 2.97M 4.90M 4.59M
Net interest income 14.69M 0.15M -19.91500M 21.11M -0.87900M
Extraordinary items - - - - 1.25M
Non recurring - - - - -
Other items - - - - -
Income tax expense 46.42M 83.38M 18.05M 23.34M 33.65M
Total revenue 2976.53M 3110.28M 1963.87M 1459.27M 1425.66M
Total operating expenses 632.30M 678.53M 422.18M 318.80M 267.00M
Cost of revenue 2272.70M 2265.63M 1334.55M 997.91M 946.32M
Total other income expense net -5.11400M 10.89M -13.07600M 29.05M -32.73300M
Discontinued operations - - - - -
Net income from continuing ops 34.33M 93.78M 169.17M 140.32M 144.96M
Net income applicable to common shares - 93.78M 169.17M 140.32M 146.55M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 4587.73M 4265.95M 2892.06M 2437.11M 1494.62M
Intangible assets 35.34M 19.93M 58.86M 67.82M 74.01M
Earning assets - - - - -
Other current assets 212.47M 241.08M 63.44M 50.04M 16.43M
Total liab 2175.82M 2089.58M 1582.02M 1351.35M 682.95M
Total stockholder equity 2411.91M 2176.37M 1310.04M 1085.76M 811.67M
Deferred long term liab - - 151.56M 123.97M 94.44M
Other current liab 444.97M 387.06M 242.45M 232.51M 193.08M
Common stock 0.00600M 0.00600M 0.00500M 0.00500M 0.00500M
Capital stock 0.00600M 0.00600M 0.00500M 0.00500M 0.00500M
Retained earnings 778.17M 743.84M 650.06M 478.00M 337.68M
Other liab - 483.77M 355.88M 280.54M 213.63M
Good will 43.00M 31.19M 129.63M 140.48M 129.65M
Other assets 118.51M 62.96M 52.53M 17.03M 26.20M
Cash 338.47M 783.11M 530.09M 827.15M 223.90M
Cash and equivalents - - - - -
Total current liabilities 893.23M 889.72M 525.18M 436.10M 436.71M
Current deferred revenue 40.84M 26.64M 17.79M 24.65M 70.81M
Net debt 396.83M -50.83700M 170.87M -175.53500M -177.84200M
Short term debt 20.96M 16.18M 12.88M 16.89M 15.67M
Short long term debt - - 0.15M 16.89M 15.67M
Short long term debt total 735.30M 732.27M 700.96M 651.61M 46.06M
Other stockholder equity 1633.74M 1505.63M 687.29M 603.89M 475.79M
Property plant equipment - 606.72M 457.52M 345.01M 212.82M
Total current assets 3304.31M 2899.66M 1711.29M 1719.34M 932.76M
Long term investments 415.48M 645.49M 482.23M 147.43M 119.18M
Net tangible assets - 2125.25M 1121.55M 877.46M 608.01M
Short term investments 521.57M 241.12M 167.73M 203.78M 96.86M
Net receivables 788.35M 905.15M 456.34M 218.71M 298.38M
Long term debt 627.38M 624.45M 621.53M 573.35M 0.17M
Inventory 1443.45M 729.20M 380.14M 331.70M 170.80M
Accounts payable 386.47M 459.83M 252.07M 162.05M 157.15M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -46.88500M -73.10900M -27.31900M 3.86M -1.80900M
Additional paid in capital - - - - -
Common stock total equity - - 0.00500M 0.00500M 0.00500M
Preferred stock total equity - - - - -
Retained earnings total equity - - 650.06M 478.00M 337.68M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 29.95M 18.81M 24.96M 5.35M 9.90M
Deferred long term asset charges - - - - -
Non current assets total 1283.42M 1366.29M 1180.77M 717.77M 561.86M
Capital lease obligations 107.92M 107.82M 79.42M 61.37M 39.80M
Long term debt total - - 621.53M 573.35M 2.57M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -268.89400M -417.04400M -333.73600M -236.63700M -17.31000M
Change to liabilities - 238.90M 121.64M -18.10500M 187.72M
Total cashflows from investing activities - -417.04400M -484.21100M -236.63700M -152.85300M
Net borrowings - -0.13800M -16.07300M 619.22M -9.26500M
Total cash from financing activities -11.95600M 654.61M -15.17800M 640.48M -73.02100M
Change to operating activities - 180.09M 50.94M 60.35M 42.40M
Net income 34.33M 93.78M 169.17M 140.32M 144.96M
Change in cash -444.64400M 253.02M -297.05700M 603.25M 36.14M
Begin period cash flow 783.11M 530.09M 827.15M 223.90M 187.76M
End period cash flow 338.47M 783.11M 530.09M 827.15M 223.90M
Total cash from operating activities -180.11300M 31.28M 214.13M 222.66M 259.00M
Issuance of capital stock 0.00000M 650.53M 0.00000M 0.00000M -
Depreciation 57.20M 49.68M 39.53M 31.83M 26.89M
Other cashflows from investing activities - 3.90M -1.22400M 26.77M -62.98100M
Dividends paid - - - - -
Change to inventory -690.85400M -341.08500M -43.05100M -149.66100M -22.54400M
Change to account receivables 296.43M -457.61000M -247.72300M 86.54M -124.07100M
Sale purchase of stock -9.25900M - -4.28300M 21.50M 9.07M
Other cashflows from financing activities -9.03300M 4.22M -5.59100M 634.58M -72.57300M
Change to netincome - 264.62M 120.71M 68.19M 61.78M
Capital expenditures 181.12M 169.34M 149.25M 126.79M 72.56M
Change receivables - - -247.72300M 86.54M -124.07100M
Cash flows other operating - - 51.24M 32.62M -15.83000M
Exchange rate changes - - -11.79700M -23.25700M 3.01M
Cash and cash equivalents changes - - -297.05700M 603.25M 36.14M
Change in working capital -390.58800M -379.70600M -118.18600M -22.28500M 24.57M
Stock based compensation 149.94M 145.54M 102.59M 67.31M 60.35M
Other non cash items 12.08M 133.05M 33.06M 8.21M 8.27M
Free cash flow -361.23600M -138.05700M 64.88M 95.86M 186.44M

Peer Comparison

Sector: Technology Industry: Solar

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
SEDG
SolarEdge Technologies Inc
-0.19 1.37% 13.65 - 113.64 1.25 1.55 1.21 25.32
FSLR
First Solar Inc
-6.2596 3.40% 178.01 28.97 13.44 5.89 2.92 5.44 14.89
ENPH
Enphase Energy Inc
-2.82 4.10% 65.98 64.37 38.91 6.95 16.18 6.78 26.01
NXT
Nextracker Inc. Class A Common Stock
-0.86 2.46% 34.13 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited
-0.1 1.25% 7.87 11.55 14.93 0.22 1.24 0.24 1.12

Reports Covered

Stock Research & News

Profile

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage. The Solar segment offers power optimizers, inverters, batteries, storage solutions, electric vehicle chargers, smart tracking solutions, and smart energy management software products; Monitoring platform, a cloud-based monitoring platform, which collects power, voltage, current, and system data sent from inverters and power optimizers; and MySolarEdge app, that enables system owners to track their real-time system production and household energy consumption. This segment also provides Designer platform, an web-based tool that helps solar professionals to plan, build, and validate residential and commercial systems; Mapper application for registering the physical layout of new PV sites installed with DC optimized inverter systems; SetApp application that activates and configurate inverters; and grid services. The Energy Storage segment provides lithium-ion cells and containerized battery systems (BESS) solutions for commercial, industrial, and utility markets; modules and racks; purpose-built components and solutions, and hardware and software tools; and pre and post sales engineering support for designing, building, and managing battery and system solutions. The company offers e-mobility products, automated machines, and UPS products; and pre-sales support, ongoing trainings, and technical support and after installation services. It sells its products through solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was incorporated in 2006 and is headquartered in Herzliya, Israel.

SolarEdge Technologies Inc

1 HaMada Street, Herzliya, Israel, 4673335

Key Executives

Name Title Year Born
Mr. Zvi Lando CEO & Director 1965
Mr. Yoav Galin VP of R&D and Founder 1974
Mr. Ronen Faier CPA Chief Financial Officer 1971
Mr. Uri Bechor Chief Operating Officer 1971
Ms. Rachel Prishkolnik VP, Gen. Counsel & Corp. Sec. 1968
Mr. Lior Handelsman Co-Founder and Advisor to the CEO for Strategic Initiatives & Projects 1975
Mr. Meir Adest Chief Product Officer & Co-Founder 1976
Mr. Amir Fishelov Founder & Chief Software Architect NA
Mr. Ilan Yoscovich Chief Technology Officer 1973
Lior Danziger Director of Investor Relations and Fin. Operations NA

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