SOLAREDGE TECHNOLOGIES, INC. Financials SolarEdge Technologies, Inc.
Equities
SEDG
US83417M1045
Renewable Energy Equipment & Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 48.48 USD | -0.47% |
|
-9.80% | -48.21% |
| May. 13 | Susquehanna Downgrades SolarEdge Technologies to Neutral, Price Target at $56 | MT |
| May. 10 | Deutsche Bank Cuts SolarEdge Technologies Price Target to $55 From $75, Maintains Hold Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,622 | 16,343 | 14,735 | 15,833 | 5,318 | 2,791 | - | - |
| Enterprise Value (EV) 1 | 4,317 | 15,902 | 14,659 | 15,434 | 5,085 | 2,226 | 2,141 | 2,045 |
| P/E ratio | 32.8 x | 120 x | 91.7 x | 172 x | 156 x | -6.66 x | 41.5 x | 17 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.24 x | 11.2 x | 7.5 x | 5.09 x | 1.79 x | 2.02 x | 1.21 x | 1.05 x |
| EV / Revenue | 3.03 x | 10.9 x | 7.46 x | 4.96 x | 1.71 x | 1.61 x | 0.93 x | 0.77 x |
| EV / EBITDA | 14.7 x | 63.5 x | 40.6 x | 31.4 x | 14.6 x | -8.63 x | 8.68 x | 5.29 x |
| EV / FCF | 23.2 x | 166 x | 226 x | -112 x | -14.5 x | 40.5 x | 4.9 x | 9.84 x |
| FCF Yield | 4.32% | 0.6% | 0.44% | -0.89% | -6.9% | 2.47% | 20.4% | 10.2% |
| Price to Book | 5.73 x | 15.5 x | 12 x | 7.31 x | 2.22 x | 1.36 x | 1.27 x | 1.19 x |
| Nbr of stocks (in thousands) | 48,611 | 51,211 | 52,520 | 55,895 | 56,811 | 57,299 | - | - |
| Reference price 2 | 95.09 | 319.1 | 280.6 | 283.3 | 93.60 | 48.71 | 48.71 | 48.71 |
| Announcement Date | 2/19/20 | 2/16/21 | 2/15/22 | 2/13/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,426 | 1,459 | 1,964 | 3,110 | 2,977 | 1,378 | 2,303 | 2,647 |
| EBITDA 1 | 294 | 250.6 | 360.9 | 491.4 | 347.2 | -258 | 246.8 | 386.3 |
| EBIT 1 | 189.9 | 142.6 | 207.1 | 166.1 | 40.2 | -494.9 | 18.65 | 151.4 |
| Operating Margin | 13.32% | 9.77% | 10.55% | 5.34% | 1.35% | -35.91% | 0.81% | 5.72% |
| Earnings before Tax (EBT) 1 | 178.6 | 163.7 | 187.2 | 177.2 | 81.1 | -431.8 | 32.84 | 184.6 |
| Net income 1 | 146.5 | 140.3 | 169.2 | 93.78 | 34.33 | -419.8 | 42.92 | 154.4 |
| Net margin | 10.28% | 9.62% | 8.61% | 3.02% | 1.15% | -30.46% | 1.86% | 5.83% |
| EPS 2 | 2.900 | 2.660 | 3.060 | 1.650 | 0.6000 | -7.317 | 1.175 | 2.869 |
| Free Cash Flow 1 | 186.4 | 95.86 | 64.88 | -138.1 | -350.6 | 54.93 | 437.2 | 207.8 |
| FCF margin | 13.08% | 6.57% | 3.3% | -4.44% | -11.78% | 3.98% | 18.99% | 7.85% |
| FCF Conversion (EBITDA) | 63.41% | 38.26% | 17.98% | - | - | - | 177.19% | 53.79% |
| FCF Conversion (Net income) | 127.22% | 68.32% | 38.35% | - | - | - | 1,018.73% | 134.59% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/19/20 | 2/16/21 | 2/15/22 | 2/13/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 551.9 | 655.1 | 727.8 | 836.7 | 890.7 | 943.9 | 991.3 | 725.3 | 316 | 204.4 | 274.7 | 409.1 | 491.6 | 513.8 | 557.2 |
| EBITDA 1 | 83.46 | 98.85 | 97.14 | 133.4 | 162 | 197.3 | 217.7 | 38.36 | -92.62 | -107.5 | -107.4 | -48.23 | -5.432 | 26.34 | 45.41 |
| EBIT 1 | 41.04 | 50.86 | 36.01 | 84.41 | -5.163 | 144.2 | 150.4 | -16.73 | -237.6 | -173.7 | -147.1 | -92.29 | -43 | -34.12 | -22.13 |
| Operating Margin | 7.44% | 7.76% | 4.95% | 10.09% | -0.58% | 15.27% | 15.17% | -2.31% | -75.17% | -84.98% | -53.55% | -22.56% | -8.75% | -6.64% | -3.97% |
| Earnings before Tax (EBT) 1 | 34.71 | 45.42 | 21.7 | 58.92 | 51.12 | 167.7 | 153.7 | -25.11 | -215.2 | -180.8 | -149.2 | -89.07 | -40.73 | -40.25 | -16.18 |
| Net income 1 | 40.95 | 33.12 | 15.08 | 24.74 | 20.83 | 138.4 | 119.5 | -61.18 | -162.4 | -157.3 | -118.1 | -70.85 | -31.19 | -31.82 | -5.585 |
| Net margin | 7.42% | 5.06% | 2.07% | 2.96% | 2.34% | 14.66% | 12.06% | -8.43% | -51.38% | -76.96% | -43% | -17.32% | -6.34% | -6.19% | -1% |
| EPS 2 | 0.7400 | 0.6000 | 0.2600 | 0.4300 | 0.3600 | 2.350 | 2.030 | -1.080 | -2.850 | -2.750 | -2.333 | -1.468 | -0.7698 | -0.4307 | 0.0364 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/15/22 | 5/2/22 | 8/2/22 | 11/7/22 | 2/13/23 | 5/3/23 | 8/1/23 | 11/1/23 | 2/20/24 | 5/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 305 | 441 | 76.3 | 400 | 233 | 565 | 650 | 746 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 186 | 95.9 | 64.9 | -138 | -351 | 54.9 | 437 | 208 |
| ROE (net income / shareholders' equity) | 33.9% | 23.7% | 22.8% | 20.1% | 10.8% | -9.57% | 9.6% | 11.5% |
| ROA (Net income/ Total Assets) | 19% | 11.4% | 10.2% | 9.8% | 5.61% | -6.53% | 1.77% | 4.8% |
| Assets 1 | 772.6 | 1,229 | 1,652 | 956.9 | 611.7 | 6,432 | 2,422 | 3,217 |
| Book Value Per Share 2 | 16.60 | 20.60 | 23.40 | 38.80 | 42.20 | 35.80 | 38.40 | 40.80 |
| Cash Flow per Share 2 | 5.160 | 4.080 | 3.770 | 0.5700 | -2.990 | 2.060 | 5.590 | 5.020 |
| Capex 1 | 72.6 | 127 | 149 | 169 | 171 | 111 | 120 | 134 |
| Capex / Sales | 5.09% | 8.69% | 7.6% | 5.44% | 5.73% | 8.05% | 5.2% | 5.07% |
| Announcement Date | 2/19/20 | 2/16/21 | 2/15/22 | 2/13/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
35
Last Close Price
48.48
USD
Average target price
68.62
USD
Spread / Average Target
+41.54%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -48.21% | 2.79B | |
| +23.12% | 21.02B | |
| -20.09% | 19.38B | |
| -15.62% | 15.44B | |
| -14.30% | 13.59B | |
| -16.82% | 10.37B | |
| +17.75% | 7.33B | |
| -19.14% | 7.15B | |
| -33.78% | 6.36B | |
| +12.72% | 6.08B |
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