SolarEdge Technologies Inc., current enterprise value calculation

Current share price (P)	$295.71
No. shares of common stock outstanding	47,255,226
US$ in thousands
Common equity (market value)¹	13,973,843)
Add: Non-controlling interests (per books)	—)
Total equity	13,973,843)
Add: Short-term finance lease liabilities (per books)	3,263)
Add: Convertible senior notes, net (per books)	624,451)
Add: Long-term finance lease liabilities (per books)	45,385)
Total equity and debt	14,646,942)
Less: Cash and cash equivalents	783,112)
Less: Marketable securities	241,117)
Enterprise value (EV)	13,622,713)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 295.71 × 47,255,226

SolarEdge Technologies Inc., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$295.71	$246.07	$321.99	$125.95	$42.26
No. shares of common stock outstanding¹	56,146,608	52,818,655	51,581,559	49,235,498	47,255,226
US$ in thousands
Common equity (market value)³	16,603,113)	12,997,086)	16,608,746)	6,201,211)	1,997,006)
Add: Non-controlling interests (book value)	—)	—)	—)	—)	8,318)
Total equity	16,603,113)	12,997,086)	16,608,746)	6,201,211)	2,005,324)
Add: Short-term finance lease liabilities (book value)	3,263)	1,875)	1,686)	231)	—)
Add: Convertible senior notes, net (book value)	624,451)	621,535)	573,350)	—)	—)
Add: Long-term finance lease liabilities (book value)	45,385)	40,508)	26,173)	2,399)	—)
Total equity and debt	17,276,212)	13,661,004)	17,209,955)	6,203,841)	2,005,324)
Less: Cash and cash equivalents	783,112)	530,089)	827,146)	223,901)	191,633)
Less: Marketable securities	241,117)	167,728)	143,687)	91,845)	118,680)
Enterprise value (EV)	16,251,983)	12,963,187)	16,239,122)	5,888,095)	1,695,011)

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
= 295.71 × 56,146,608

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	SolarEdge Technologies Inc. EV decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

SolarEdge Technologies Inc. (NASDAQ:SEDG)

Enterprise Value (EV)