SolarEdge Technologies, Inc.

DB:2ED Stock Report

Market Cap: €768.4m

SolarEdge Technologies Valuation

Is 2ED undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2ED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2ED (€14.5) is trading below our estimate of fair value (€14.63)

Significantly Below Fair Value: 2ED is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2ED?

Key metric: As 2ED is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2ED. This is calculated by dividing 2ED's market cap by their current revenue.
What is 2ED's PS Ratio?
PS Ratio0.8x
SalesUS$1.05b
Market CapUS$788.12m

Price to Sales Ratio vs Peers

How does 2ED's PS Ratio compare to its peers?

The above table shows the PS ratio for 2ED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
SMHN SÜSS MicroTec
2.4x10.3%€953.9m
WAF Siltronic
1x8.2%€1.4b
S92 SMA Solar Technology
0.3x3.9%€520.5m
AIXA AIXTRON
2.7x5.7%€1.7b
2ED SolarEdge Technologies
0.8x17.9%€788.1m

Price-To-Sales vs Peers: 2ED is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does 2ED's PS Ratio compare vs other companies in the DE Semiconductor Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
M5Z Manz
0.06x1.9%US$12.38m
D0Q Sondrel (Holdings)
0.2xn/aUS$2.02m
No more companies available in this PS range
2ED 0.8xIndustry Avg. 1.8xNo. of Companies2PS012345+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2ED is good value based on its Price-To-Sales Ratio (0.8x) compared to the European Semiconductor industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 2ED's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2ED PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio0.09x

Price-To-Sales vs Fair Ratio: 2ED is expensive based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2ED forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.50
€16.92
+16.7%
96.9%€96.53€6.76n/a28
Dec ’25€15.23
€16.81
+10.4%
96.1%€94.65€6.63n/a28
Nov ’25€16.00
€24.27
+51.7%
58.8%€92.71€9.27n/a29
Oct ’25€19.36
€30.86
+59.4%
58.4%€89.81€15.27n/a28
Sep ’25€22.00
€32.39
+47.3%
54.8%€90.21€17.14n/a28
Aug ’25€26.89
€40.96
+52.4%
42.4%€92.16€23.04n/a28
Jul ’25€22.50
€54.00
+140.0%
31.7%€93.63€23.41n/a28
Jun ’25€47.11
€62.94
+33.6%
24.4%€114.30€40.56n/a29
May ’25€55.36
€73.17
+32.2%
18.4%€115.98€50.51n/a31
Apr ’25€65.85
€74.92
+13.8%
19.7%€122.85€46.19n/a31
Mar ’25€63.17
€76.49
+21.1%
19.7%€122.91€46.21n/a29
Feb ’25€61.99
€80.50
+29.9%
20.2%€110.27€45.95n/a27
Jan ’25€85.71
€82.30
-4.0%
22.0%€126.34€52.72€12.9526
Dec ’24€74.60
€92.07
+23.4%
53.0%€275.85€44.14€15.2326
Nov ’24€53.65
€141.88
+164.5%
34.0%€283.47€61.42€16.0028
Oct ’24€122.00
€271.20
+122.3%
18.4%€363.57€146.75€19.3628
Sep ’24€150.26
€276.00
+83.7%
16.9%€355.47€166.63€22.0028
Aug ’24€218.90
€327.08
+49.4%
9.3%€376.49€251.90€26.8930
Jul ’24€240.90
€338.73
+40.6%
10.5%€407.80€253.84€22.5030
Jun ’24€276.00
€345.74
+25.3%
9.9%€415.23€258.47€47.1130
May ’24€252.05
€331.51
+31.5%
11.0%€412.04€242.49€55.3629
Apr ’24€279.80
€334.29
+19.5%
11.0%€416.97€245.39€65.8527
Mar ’24€306.50
€341.02
+11.3%
10.8%€423.93€249.48€63.1725
Feb ’24€300.00
€323.35
+7.8%
12.3%€378.68€223.02€61.9924
Jan ’24€263.50
€331.20
+25.7%
14.0%€396.31€231.18€85.7126

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 04:55
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SolarEdge Technologies, Inc. is covered by 52 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Moses SuttonBarclays
Moses SuttonBarclays