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SolarEdge Technologies Inc

Technology US SEDG

56.61USD
-1.25(2.16%)

Last update at 2024-04-25T20:10:00Z

Day Range

54.4857.42
LowHigh

52 Week Range

63.25345.80
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 177.16M 187.22M 163.67M 178.60M 137.12M
Minority interest - 0.00000M 0.00000M -1.59200M 8.32M
Net income 93.78M 169.17M 140.32M 146.55M 128.83M
Selling general administrative 112.50M 82.20M 63.12M 49.36M 28.83M
Selling and marketing expenses 159.68M 119.00M 95.98M 87.98M 68.31M
Gross profit 844.65M 629.32M 461.36M 479.34M 319.24M
Reconciled depreciation 49.68M 39.53M 31.83M 26.89M 12.62M
Ebit 166.12M 207.14M 142.56M 189.95M 139.85M
Ebitda 215.80M 246.67M 174.40M 216.84M 153.49M
Depreciation and amortization 49.68M 39.53M 31.83M 26.89M 13.63M
Non operating income net other - -19.91500M 21.11M -11.34300M -2.29700M
Operating income 166.12M 207.14M 142.56M 189.95M 139.85M
Other operating expenses 2944.16M 1756.73M 1316.71M 1235.71M 797.38M
Interest expense 9.95M 9.28M 8.52M 4.80M 2.54M
Tax provision 83.38M 18.05M 23.34M 33.65M 9.08M
Interest income 11.95M 2.97M 4.90M 4.59M 5.63M
Net interest income 0.15M -19.91500M 21.11M -0.87900M 2.97M
Extraordinary items - - - 1.25M 1.30M
Non recurring - - - - -
Other items - - - - -
Income tax expense 83.38M 18.05M 23.34M 33.65M 9.08M
Total revenue 3110.28M 1963.87M 1459.27M 1425.66M 937.24M
Total operating expenses 678.53M 422.18M 318.80M 289.39M 179.38M
Cost of revenue 2265.63M 1334.55M 997.91M 946.32M 618.00M
Total other income expense net 11.04M -19.91500M 21.11M -11.34300M -0.43500M
Discontinued operations - - - - -
Net income from continuing ops 93.78M 169.17M 140.32M 144.96M 128.05M
Net income applicable to common shares 93.78M 169.17M 140.32M 146.55M 128.83M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 4265.95M 2892.06M 2437.11M 1494.62M 964.47M
Intangible assets 19.93M 58.86M 67.82M 74.01M 38.50M
Earning assets - - - - -
Other current assets 241.08M 63.44M 50.04M 16.43M 5.75M
Total liab 2089.58M 1582.02M 1351.35M 682.95M 393.75M
Total stockholder equity 2176.37M 1310.04M 1085.76M 811.67M 562.41M
Deferred long term liab - 151.56M 123.97M 94.44M 62.17M
Other current liab 387.06M 242.45M 232.51M 193.08M 87.65M
Common stock 0.00600M 0.00500M 0.00500M 0.00500M 0.00500M
Capital stock 0.00600M 0.00500M 0.00500M 0.00500M 0.00500M
Retained earnings 743.84M 650.06M 478.00M 337.68M 191.13M
Other liab 483.77M 355.88M 280.54M 213.63M 164.52M
Good will 31.19M 129.63M 140.48M 129.65M 34.87M
Other assets 62.96M 52.53M 17.03M 26.20M 20.20M
Cash 783.11M 530.09M 827.15M 223.90M 191.63M
Cash and equivalents - - - - -
Total current liabilities 889.72M 525.18M 436.10M 436.71M 225.72M
Current deferred revenue 26.64M 17.79M 24.65M 70.81M 14.35M
Net debt -50.83700M 170.87M -175.53500M -177.84200M -171.48400M
Short term debt 16.18M 12.88M 16.89M 15.67M 16.64M
Short long term debt - 0.15M 16.89M 15.67M 16.64M
Short long term debt total 732.27M 700.96M 651.61M 46.06M 20.15M
Other stockholder equity 1505.63M 687.29M 603.89M 475.79M 371.79M
Property plant equipment 606.72M 457.52M 345.01M 212.82M 119.33M
Total current assets 2899.66M 1711.29M 1719.34M 932.76M 678.11M
Long term investments 645.49M 482.23M 147.43M 119.18M 74.26M
Net tangible assets 2125.25M 1121.55M 877.46M 608.01M 489.03M
Short term investments 241.12M 167.73M 203.78M 96.86M 124.68M
Net receivables 905.15M 456.34M 218.71M 298.38M 173.58M
Long term debt 624.45M 621.53M 573.35M 0.17M 3.51M
Inventory 729.20M 380.14M 331.70M 170.80M 141.52M
Accounts payable 459.83M 252.07M 162.05M 157.15M 107.08M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - 8.32M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -73.10900M -27.31900M 3.86M -1.80900M -0.52400M
Additional paid in capital - - - - -
Common stock total equity - 0.00500M 0.00500M 0.00500M 0.00500M
Preferred stock total equity - - - - -
Retained earnings total equity - 650.06M 478.00M 337.68M 191.13M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 18.81M 24.96M 5.35M 9.90M 4.70M
Deferred long term asset charges - - - - -
Non current assets total 1366.29M 1180.77M 717.77M 561.86M 286.36M
Capital lease obligations 107.82M 79.42M 61.37M 39.80M -
Long term debt total - 621.53M 573.35M 2.57M 3.51M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -417.04400M -333.73600M -236.63700M -17.31000M -19.28300M
Change to liabilities 238.90M 121.64M -18.10500M 187.72M 64.62M
Total cashflows from investing activities -417.04400M -484.21100M -236.63700M -152.85300M -152.62800M
Net borrowings -0.13800M -16.07300M 619.22M -9.26500M -3.78600M
Total cash from financing activities 654.61M -15.17800M 640.48M -73.02100M -7.95500M
Change to operating activities 180.09M 50.94M 60.35M 42.40M 35.27M
Net income 93.78M 169.17M 140.32M 144.96M 128.05M
Change in cash 253.02M -297.05700M 603.25M 36.14M 28.58M
Begin period cash flow 530.09M 827.15M 223.90M 187.76M 164.68M
End period cash flow 783.11M 530.09M 827.15M 223.90M 193.26M
Total cash from operating activities 31.28M 214.13M 222.66M 259.00M 189.08M
Issuance of capital stock 650.53M - - - -
Depreciation 49.68M 39.53M 31.83M 26.89M 13.63M
Other cashflows from investing activities 3.90M -1.22400M 26.77M -62.98100M -94.73700M
Dividends paid - - - - -
Change to inventory -341.08500M -43.05100M -149.66100M -22.54400M -21.19400M
Change to account receivables -457.61000M -247.72300M 86.54M -124.07100M -60.51400M
Sale purchase of stock - 2.20M 21.50M 9.07M -4.16900M
Other cashflows from financing activities 4.22M 0.90M 656.08M -63.75600M -4.16900M
Change to netincome 264.62M 120.71M 68.19M 61.78M 31.17M
Capital expenditures 169.34M 149.25M 126.79M 72.56M 38.61M
Change receivables - -247.72300M 86.54M -124.07100M -60.51400M
Cash flows other operating - 51.24M 32.62M -15.83000M 32.07M
Exchange rate changes - -11.79700M -23.25700M 3.01M 0.09M
Cash and cash equivalents changes - -297.05700M 603.25M 36.14M 28.58M
Change in working capital -379.70600M -118.18600M -20.87600M 26.76M 14.99M
Stock based compensation 145.54M 102.59M 67.31M 60.35M 30.62M
Other non cash items 133.05M 33.06M 6.80M 6.07M 1.79M
Free cash flow -138.05700M 64.88M 95.86M 186.44M 150.47M

Fundamentals

  • Previous Close 57.86
  • Market Cap5510.40M
  • Volume1893213
  • P/E Ratio26.21
  • Dividend Yield-%
  • EBITDA440.15M
  • Revenue TTM3551.19M
  • Revenue Per Share TTM63.05
  • Gross Profit TTM 844.65M
  • Diluted EPS TTM3.70

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
-1.25 2.16% 56.61 26.21 144.93 1.55 2.16 1.43 14.72
FSLR
First Solar Inc
-2.46 1.39% 175.02 39.84 12.55 5.95 2.81 5.20 20.42
ENPH
Enphase Energy Inc
0.66 0.62% 107.83 31.09 35.34 6.24 16.69 6.06 22.00
NXT
Nextracker Inc. Class A Common Stock
-0.93 2.12% 42.98 24.02 19.30 3.43 15.50 1.19 9.14
XISHY
Xinyi Solar Holdings Limited
0.20 1.54% 13.22 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, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates in Solar and All Other segments. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. It also provides residential, commercial, and large scale PV, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, and lithium-ion cells and batteries, as well as virtual power plants. In addition, the company offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and 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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