Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 22, 2023.

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

SolarEdge Technologies Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Non-controlling interests (per books)
Total equity
Add: Short-term finance lease liabilities (per books)
Add: Convertible senior notes, net (per books)
Add: Long-term finance lease liabilities (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2022-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

SolarEdge Technologies Inc., EV calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Non-controlling interests (book value)
Total equity
Add: Short-term finance lease liabilities (book value)
Add: Convertible senior notes, net (book value)
Add: Long-term finance lease liabilities (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Marketable securities
Enterprise value (EV)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of SolarEdge Technologies Inc. Annual Report.

3 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Equity Trends
The common equity (market value) experienced a significant increase from 1,997,006 thousand US dollars in 2018 to 16,608,746 thousand US dollars in 2020. After reaching this peak, the value decreased to 12,997,086 thousand US dollars in 2021 but rebounded to 16,603,113 thousand US dollars in 2022, nearly matching its previous peak.
The total equity followed an identical trend to the common equity, indicating that there were no significant differences between these two measures during the periods analyzed.
Total Equity and Debt
The total equity and debt showed a consistent upward trajectory from 2,005,324 thousand US dollars in 2018 to 17,209,955 thousand US dollars in 2020. There was a slight decrease to 13,661,004 thousand US dollars in 2021, followed by an increase again to 17,276,212 thousand US dollars in 2022. The movement mirrors the changes in equity, suggesting that debt levels may have remained relatively stable or changed proportionally during these periods.
Enterprise Value (EV)
The enterprise value showed a similar pattern to the total equity and equity market value. It grew from 1,695,011 thousand US dollars in 2018 to 16,239,122 thousand US dollars in 2020, then declined to 12,963,187 thousand US dollars in 2021, and increased again to 16,251,983 thousand US dollars in 2022. This indicates that market perception of the company's overall value, incorporating market capitalization and net debt, followed the same cyclical change.
Overall Insights
The data reveals significant growth in the company's equity and enterprise value from 2018 through 2020, followed by a contraction in 2021, and a recovery in 2022 to levels comparable with the 2020 peak. This pattern may reflect cyclical market conditions or company-specific events affecting valuation in 2021 but shows overall positive growth over the five-year period.