Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

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

Common Stock Valuation Ratios (Price Multiples) 

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Current Valuation Ratios

SolarEdge Technologies Inc., current price multiples

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SolarEdge Technologies Inc. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. First Solar Inc. Intel Corp. KLA Corp. Lam Research Corp. Micron Technology Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc. Semiconductors & Semiconductor Equipment Information Technology
Selected Financial Data
Current share price (P) $295.71
No. shares of common stock outstanding 47,255,226
Growth rate (g) 14.20%
 
Earnings per share (EPS) $1.98
Next year expected EPS $2.27
Operating profit per share $3.52
Sales per share $65.82
Book value per share (BVPS) $46.06
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 149.01 261.47 31.61 20.50 54.15 23.82 61.31 29.87 23.55 140.19 120.06 16.90 27.77 71.45 51.12
Price to next year expected earnings 130.48 226.38 30.43 15.18 53.62 22.66 58.50 19.77 16.67 127.19 90.24 12.17 22.33 61.69 40.37
Price-earnings-growth (PEG) 10.50 16.87 8.18 0.58 55.79 4.66 12.75 0.58 0.57 13.71 3.63 0.43 1.14 4.52 1.92
Price to operating profit (P/OP) 84.12 556.85 27.40 18.36 47.05 23.08 1,113.50 24.66 21.14 83.64 108.36 17.02 24.66 66.49 43.16
Price to sales (P/S) 4.49 9.85 8.51 5.30 21.29 5.96 1.91 8.41 6.05 4.34 58.65 4.40 10.32 18.02 12.22
Price to book value (P/BV) 6.42 4.00 2.95 8.60 31.79 2.96 0.98 24.49 10.55 2.42 83.13 6.52 10.70 15.88 19.59

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

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

SolarEdge Technologies Inc., historical price multiples

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Price to earnings (P/E) 177.05 76.83 118.36 42.31 15.50
Price to operating profit (P/OP) 99.95 62.75 116.50 32.65 14.32
Price to sales (P/S) 5.34 6.62 11.38 4.35 2.13
Price to book value (P/BV) 7.63 9.92 15.30 7.64 3.55

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).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. SolarEdge Technologies Inc. P/E ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. SolarEdge Technologies Inc. P/OP ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. SolarEdge Technologies Inc. P/S ratio decreased from 2020 to 2021 and from 2021 to 2022.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. SolarEdge Technologies Inc. P/BV ratio decreased from 2020 to 2021 and from 2021 to 2022.

Price to Earnings (P/E)

SolarEdge Technologies Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 56,146,608 52,818,655 51,581,559 49,235,498 47,255,226
Selected Financial Data (US$)
Net income attributable to SolarEdge Technologies, Inc. (in thousands) 93,779 169,170 140,322 146,549 128,833
Earnings per share (EPS)2 1.67 3.20 2.72 2.98 2.73
Share price1, 3 295.71 246.07 321.99 125.95 42.26
Valuation Ratio
P/E ratio4 177.05 76.83 118.36 42.31 15.50
Benchmarks
P/E Ratio, Competitors5
Advanced Micro Devices Inc. 96.16 45.54 41.66 169.62
Analog Devices Inc. 31.21 68.31 41.43 31.04 22.17
Applied Materials Inc. 13.55 22.05 22.31 20.25 9.75
Broadcom Inc. 20.70 40.73 66.38 47.09 8.14
First Solar Inc. 17.16 21.56
Intel Corp. 14.54 9.85 11.02 13.91
KLA Corp. 16.89 25.97 25.92 18.44
Lam Research Corp. 13.77 21.03 24.23 13.64
Micron Technology Inc. 6.62 13.38 21.80 7.98
NVIDIA Corp. 68.08 78.54 67.59 22.77
Qualcomm Inc. 9.75 17.15 28.06 22.03
Texas Instruments Inc. 18.88 20.38 27.95 24.47
P/E Ratio, Sector
Semiconductors & Semiconductor Equipment 23.13 24.26 25.21 19.42
P/E Ratio, Industry
Information Technology 27.05 29.26 31.09 22.67

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 2022 Calculation
EPS = Net income attributable to SolarEdge Technologies, Inc. ÷ No. shares of common stock outstanding
= 93,779,000 ÷ 56,146,608 = 1.67

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

4 2022 Calculation
P/E ratio = Share price ÷ EPS
= 295.71 ÷ 1.67 = 177.05

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. SolarEdge Technologies Inc. P/E ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Price to Operating Profit (P/OP)

SolarEdge Technologies Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 56,146,608 52,818,655 51,581,559 49,235,498 47,255,226
Selected Financial Data (US$)
Operating income (in thousands) 166,120 207,139 142,561 189,946 139,420
Operating profit per share2 2.96 3.92 2.76 3.86 2.95
Share price1, 3 295.71 246.07 321.99 125.95 42.26
Valuation Ratio
P/OP ratio4 99.95 62.75 116.50 32.65 14.32
Benchmarks
P/OP Ratio, Competitors5
Advanced Micro Devices Inc. 100.42 39.48 75.77 91.66
Analog Devices Inc. 26.16 56.12 33.76 24.74 17.62
Applied Materials Inc. 11.35 18.85 18.50 16.36 6.74
Broadcom Inc. 16.33 30.78 44.04 36.85 19.42
First Solar Inc. 13.70 27.05
Intel Corp. 49.91 10.06 9.72 13.29
KLA Corp. 15.36 21.69 20.99 15.60
Lam Research Corp. 11.79 18.34 20.40 12.13
Micron Technology Inc. 5.93 12.48 19.51 6.83
NVIDIA Corp. 66.12 75.08 66.40 24.79
Qualcomm Inc. 7.95 15.84 23.32 12.60
Texas Instruments Inc. 16.29 17.67 26.53 21.46
P/OP Ratio, Sector
Semiconductors & Semiconductor Equipment 21.52 22.02 22.41 16.75
P/OP Ratio, Industry
Information Technology 22.84 26.04 26.62 19.84

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 2022 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 166,120,000 ÷ 56,146,608 = 2.96

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

4 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 295.71 ÷ 2.96 = 99.95

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. SolarEdge Technologies Inc. P/OP ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

Price to Sales (P/S)

SolarEdge Technologies Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 56,146,608 52,818,655 51,581,559 49,235,498 47,255,226
Selected Financial Data (US$)
Revenues (in thousands) 3,110,279 1,963,865 1,459,271 1,425,660 937,237
Sales per share2 55.40 37.18 28.29 28.96 19.83
Share price1, 3 295.71 246.07 321.99 125.95 42.26
Valuation Ratio
P/S ratio4 5.34 6.62 11.38 4.35 2.13
Benchmarks
P/S Ratio, Competitors5
Advanced Micro Devices Inc. 5.38 8.76 10.63 8.59
Analog Devices Inc. 7.14 12.98 9.03 7.06 5.35
Applied Materials Inc. 3.43 5.63 4.69 3.75 1.87
Broadcom Inc. 7.00 9.55 7.40 5.62 4.78
First Solar Inc. 6.88 2.75 3.17 1.74
Intel Corp. 1.85 2.48 2.96 4.07
KLA Corp. 6.09 7.80 5.43 4.74
Lam Research Corp. 3.68 5.62 5.43 3.10
Micron Technology Inc. 1.87 2.83 2.73 2.15
NVIDIA Corp. 24.67 20.41 17.31 8.05
Qualcomm Inc. 2.85 4.62 6.20 3.98
Texas Instruments Inc. 8.25 8.63 10.81 8.54
P/S Ratio, Sector
Semiconductors & Semiconductor Equipment 5.83 6.21 5.76 4.68
P/S Ratio, Industry
Information Technology 6.47 7.48 6.63 5.03

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 2022 Calculation
Sales per share = Revenues ÷ No. shares of common stock outstanding
= 3,110,279,000 ÷ 56,146,608 = 55.40

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

4 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 295.71 ÷ 55.40 = 5.34

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. SolarEdge Technologies Inc. P/S ratio decreased from 2020 to 2021 and from 2021 to 2022.

Price to Book Value (P/BV)

SolarEdge Technologies Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 56,146,608 52,818,655 51,581,559 49,235,498 47,255,226
Selected Financial Data (US$)
Total SolarEdge Technologies, Inc. stockholders’ equity (in thousands) 2,176,366 1,310,039 1,085,757 811,670 562,408
Book value per share (BVPS)2 38.76 24.80 21.05 16.49 11.90
Share price1, 3 295.71 246.07 321.99 125.95 42.26
Valuation Ratio
P/BV ratio4 7.63 9.92 15.30 7.64 3.55
Benchmarks
P/BV Ratio, Competitors5
Advanced Micro Devices Inc. 2.32 19.21 17.77 20.46
Analog Devices Inc. 2.35 2.50 4.22 3.61 3.02
Applied Materials Inc. 7.25 10.60 7.63 6.67 4.73
Broadcom Inc. 10.23 10.50 7.40 5.09 3.74
First Solar Inc. 3.09 1.35 1.56 1.05
Intel Corp. 1.15 2.05 2.84 3.78
KLA Corp. 40.05 15.98 11.83 8.15
Lam Research Corp. 10.10 13.64 10.55 6.40
Micron Technology Inc. 1.15 1.79 1.50 1.40
NVIDIA Corp. 24.95 20.14 15.49 10.09
Qualcomm Inc. 7.00 15.59 24.00 19.69
Texas Instruments Inc. 11.33 11.87 17.02 13.79
P/BV Ratio, Sector
Semiconductors & Semiconductor Equipment 5.14 6.14 6.04 5.06
P/BV Ratio, Industry
Information Technology 10.37 12.38 10.90 8.28

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 2022 Calculation
BVPS = Total SolarEdge Technologies, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= 2,176,366,000 ÷ 56,146,608 = 38.76

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

4 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 295.71 ÷ 38.76 = 7.63

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. SolarEdge Technologies Inc. P/BV ratio decreased from 2020 to 2021 and from 2021 to 2022.