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SEDG - SolarEdge Technologies, Inc.

NASDAQ -> Technology -> Solar
Herzliya, Israel
Type: Equity

SEDG price evolution
SEDG
(in millions $) 31 Dec 2023 30 Oct 2023 30 Jun 2023 1 May 2023
Current assets
Cash $338.47 $551.12 $557.74 $727.85
Short term investments $521.57 $477.27 $493.18 $410.82
Net receivables $622.42 $939.54 $1149.82 $969.54
Inventory $1443.45 $1177.81 $984.19 $874.21
Total current assets $3304.31 $3363.47 $3449.12 $3242.07
Long term investments $407.82 $436.14 $435.8 $509.13
Property, plant & equipment $678.75 $672.15 $646.89 $625.85
Goodwill & intangible assets $78.34 $83.15 $85.99 $47.87
Total noncurrent assets $1283.42 $1287.69 $1247.44 $1254.36
Total investments $929.39 $913.41 $928.98 $919.95
Total assets $4587.73 $4651.15 $4696.56 $4496.43
Current liabilities
Accounts payable $386.47 $394.57 $434.6 $408.52
Deferred revenue $255.44 $234.09 $232.83 $224.42
Short long term debt
Total current liabilities $893.23 $873.25 $897.73 $900.04
Long term debt $714.34 $666.97 $715.17 $668.89
Total noncurrent liabilities $1282.59 $1284.1 $1278.65 $1245.59
Total debt $714.34 $713.55 $715.17 $719.75
Total liabilities $2175.82 $2160.75 $2176.38 $2145.63
Shareholders' equity
Retained earnings $778.17 $940.55 $1001.73 $882.22
Other shareholder equity -$46.88 -$83.95 -$77.43 -$77.2
Total shareholder equity $2411.91 $2490.41 $2520.19 $2350.79
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $338.47 $783.11 $530.09 $827.15
Short term investments $521.57 $241.12 $167.73 $206.39
Net receivables $622.42 $905.15 $456.34 $218.71
Inventory $1443.45 $729.2 $380.14 $331.7
Total current assets $3304.31 $2899.66 $1711.29 $1719.34
Long term investments $407.82 $645.49 $482.23 $147.43
Property, plant & equipment $678.75 $606.72 $457.52 $345.01
Goodwill & intangible assets $78.34 $51.12 $188.49 $208.3
Total noncurrent assets $1283.42 $1366.29 $1180.77 $717.77
Total investments $929.39 $886.61 $649.96 $353.83
Total assets $4587.73 $4265.95 $2892.06 $2437.11
Current liabilities
Accounts payable $386.47 $459.83 $252.07 $162.05
Deferred revenue $255.44 $213.58 $169.34 $140.02
Short long term debt $16.89
Total current liabilities $893.23 $889.72 $525.18 $436.1
Long term debt $714.34 $669.84 $700.96 $634.72
Total noncurrent liabilities $1282.59 $1199.87 $1056.84 $915.25
Total debt $714.34 $716.09 $700.96 $651.61
Total liabilities $2175.82 $2089.58 $1582.02 $1351.35
Shareholders' equity
Retained earnings $778.17 $743.84 $650.06 $478
Other shareholder equity -$46.88 -$73.11 -$27.32 $3.86
Total shareholder equity $2411.91 $2176.37 $1310.04 $1085.76
(in millions $) 31 Dec 2023 30 Oct 2023 30 Jun 2023 1 May 2023
Revenue
Total revenue $316.04 $725.3 $991.29 $943.89
Cost of revenue $372.47 $673.99
Gross Profit -$56.42 $142.82 $317.31 $300.13
Operating activities
Research & development $75 $86.53
Selling, general & administrative $73.41 $80.42
Total operating expenses $181.16 $159.54 $166.95 $155.97
Operating income -$237.58 $150.36
Income from continuing operations
EBIT -$237.64 $150.36
Income tax expense -$53.2 $36.06 $34.23 $29.32
Interest expense -$22.05 -$7.9 -$3.38 $23.67
Net income
Net income -$162.38 -$61.18 $119.51 $138.38
Income (for common shares) -$162.38 $119.51
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $2976.53 $3110.28 $1963.87 $1459.27
Cost of revenue $2272.7 $2265.63 $1334.55 $997.91
Gross Profit $703.82 $844.65 $629.32 $461.36
Operating activities
Research & development $321.48 $289.81 $219.63 $163.12
Selling, general & administrative $310.82 $272.18 $201.2 $159.1
Total operating expenses $663.62 $678.53 $422.18 $318.8
Operating income $40.2 $166.12 $207.14 $142.56
Income from continuing operations
EBIT $39.54 $173.84 $207.14 $142.56
Income tax expense $46.42 $83.38 $18.05 $23.34
Interest expense -$41.21 -$3.32 $19.91 -$21.11
Net income
Net income $34.33 $93.78 $169.17 $140.32
Income (for common shares) $34.33 $93.78 $169.17 $140.32
(in millions $) 31 Dec 2023 30 Oct 2023 30 Jun 2023 31 Mar 2023
Net income -$162.38 $119.51 $138.38
Operating activities
Depreciation $15.18 $13.26 $13.46
Business acquisitions & disposals -$23.4
Stock-based compensation $34.93 $38.97 $39.23
Total cash flows from operations -$139.91 -$88.71 $7.92
Investing activities
Capital expenditures -$40.5 -$45.74 -$38.34
Investments -$39.99 -$4.44 -$32.88
Total cash flows from investing -$80.71 -$188.19 -$76.67 -$67.78
Financing activities
Dividends paid
Sale and purchase of stock -$0.07 $0.07
Net borrowings -$0.8 -$1.43
Total cash flows from financing -$0.65 -$11.3 -$4.92 -$5.22
Effect of exchange rate $8.61 $7.71 $0.2 $9.82
Change in cash and equivalents -$221.27 -$231.99 -$170.3 -$65.08
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $34.33 $93.78 $169.17 $140.32
Operating activities
Depreciation $57.2 $49.68 $39.53 $31.83
Business acquisitions & disposals -$24.65
Stock-based compensation $149.94 $145.54 $102.59 $67.31
Total cash flows from operations -$180.11 $31.28 $214.13 $222.66
Investing activities
Capital expenditures -$170.52 -$169.34 -$149.25 -$126.79
Investments -$72.89 -$251.84 -$332.94 -$111.35
Total cash flows from investing -$268.89 -$417.04 -$484.21 -$236.64
Financing activities
Dividends paid
Sale and purchase of stock $654.56 $2.2 $21.5
Net borrowings -$2.92 -$0.14 -$16.07 $619.22
Total cash flows from financing -$11.96 $654.61 -$15.18 $640.48
Effect of exchange rate $16.32 -$15.82 -$11.8 -$23.26
Change in cash and equivalents -$460.96 $268.85 -$285.26 $626.5
Fundamentals
Market cap $4.05B
Enterprise value $4.43B
Shares outstanding 57.12M
Revenue $2.98B
EBITDA N/A
EBIT N/A
Net Income $34.33M
Revenue Q/Q -64.52%
Revenue Y/Y -4.30%
P/E ratio 118.11
EV/Sales 1.49
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 1.36
P/B ratio 1.65
Book/Share 43.04
Cash/Share 5.93
EPS $0.60
ROA 0.74%
ROE 1.41%
Debt/Equity 0.90
Net debt/EBITDA N/A
Current ratio 3.70
Quick ratio 2.08