NasdaqGS:SEDG

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Executive Summary

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. More Details


Snowflake Analysis

High growth potential with solid track record.


Similar Companies

Share Price & News

How has SolarEdge Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SEDG is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SEDG's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

15.3%

SEDG

1.9%

US Semiconductor

1.8%

US Market


1 Year Return

240.9%

SEDG

46.2%

US Semiconductor

20.4%

US Market

Return vs Industry: SEDG exceeded the US Semiconductor industry which returned 46.2% over the past year.

Return vs Market: SEDG exceeded the US Market which returned 20.4% over the past year.


Shareholder returns

SEDGIndustryMarket
7 Day15.3%1.9%1.8%
30 Day-4.9%7.4%6.0%
90 Day25.1%12.9%6.8%
1 Year240.9%240.9%48.9%46.2%23.2%20.4%
3 Year587.9%587.9%83.6%74.0%47.4%37.6%
5 Year1,262.6%1,262.6%251.2%217.9%91.9%70.8%

Long-Term Price Volatility Vs. Market

How volatile is SolarEdge Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SolarEdge Technologies undervalued compared to its fair value and its price relative to the market?

76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SEDG ($268.97) is trading above our estimate of fair value ($159.67)

Significantly Below Fair Value: SEDG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SEDG is poor value based on its PE Ratio (76x) compared to the US Semiconductor industry average (36.8x).

PE vs Market: SEDG is poor value based on its PE Ratio (76x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: SEDG is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: SEDG is overvalued based on its PB Ratio (13.3x) compared to the US Semiconductor industry average (3.4x).


Next Steps

Future Growth

How is SolarEdge Technologies forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

26.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEDG's forecast earnings growth (26.2% per year) is above the savings rate (2.2%).

Earnings vs Market: SEDG's earnings (26.2% per year) are forecast to grow faster than the US market (22.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SEDG's revenue (17.8% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: SEDG's revenue (17.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SEDG's Return on Equity is forecast to be high in 3 years time (20.7%)


Next Steps

Past Performance

How has SolarEdge Technologies performed over the past 5 years?

26.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEDG has high quality earnings.

Growing Profit Margin: SEDG's current net profit margins (11.5%) are higher than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: SEDG's earnings have grown significantly by 26.4% per year over the past 5 years.

Accelerating Growth: SEDG's earnings growth over the past year (63.8%) exceeds its 5-year average (26.4% per year).

Earnings vs Industry: SEDG earnings growth over the past year (63.8%) exceeded the Semiconductor industry 22.8%.


Return on Equity

High ROE: SEDG's Return on Equity (17%) is considered low.


Next Steps

Financial Health

How is SolarEdge Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: SEDG's short term assets ($1.7B) exceed its short term liabilities ($382.5M).

Long Term Liabilities: SEDG's short term assets ($1.7B) exceed its long term liabilities ($863.7M).


Debt to Equity History and Analysis

Debt Level: SEDG's debt to equity ratio (55.8%) is considered high.

Reducing Debt: Insufficient data to determine if SEDG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SEDG's debt is well covered by operating cash flow (48.3%).

Interest Coverage: SEDG earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is SolarEdge Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SEDG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SEDG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SEDG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SEDG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SEDG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.3yrs

Average management tenure


CEO

Zivi Lando (55 yo)

1.25yrs

Tenure

US$2,081,363

Compensation

Mr. Zvi Lando, also known as Zivi, serves as the Chief Executive Officer at SolarEdge Technologies, Inc. since 2019 and serves as Director since February 2020 and was its Vice President of Global Sales. Mr...


CEO Compensation Analysis

Compensation vs Market: Zivi's total compensation ($USD2.08M) is below average for companies of similar size in the US market ($USD10.82M).

Compensation vs Earnings: Zivi's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Zvi Lando
CEO & Director1.25yrsUS$2.08m0.092%
$ 12.7m
Yoav Galin
VP of Research & Development and Founder14.83yrsUS$1.59m0.17%
$ 23.8m
Ronen Faier
Chief Financial Officer9.83yrsUS$1.89m0.16%
$ 22.2m
Uri Bechor
Chief Operating Officer1.25yrsUS$1.40mno data
Rachel Prishkolnik
VP, General Counsel & Corporate Secretary10.83yrsUS$1.59m0.053%
$ 7.3m
Lior Handelsman
Co-Founder and Advisor to the CEO for Strategic Initiatives & Projects14.83yrsUS$901.75k0.094%
$ 12.9m
Meir Adest
Founder and Chief Product & Information Officer14.83yrsno data0.59%
$ 81.6m
Amir Fishelov
Founder & Chief Software Architectno datano datano data
Ilan Yoscovich
Chief Technology Officerno datano datano data
Shuli Ishai
Vice President of Global Human Resources0.083yrno datano data
Israel Gershman
Chief Reliability Engineerno datano datano data

10.3yrs

Average Tenure

47yo

Average Age

Experienced Management: SEDG's management team is seasoned and experienced (10.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zvi Lando
CEO & Director1.25yrsUS$2.08m0.092%
$ 12.7m
Marcel Gani
Independent Director5.67yrsUS$235.00k0.066%
$ 9.1m
Doron Inbar
Independent Director10.83yrsUS$230.00k0.050%
$ 6.9m
Avery More
Independent Director14.83yrsUS$237.50k0.28%
$ 38.0m
Jonathan Cheifetz
Independent Director10.83yrsUS$155.00k0.091%
$ 12.6m
Tal Payne
Independent Director5.83yrsUS$222.50k0.050%
$ 6.9m
Nadav Zafrir
Independent Chairman0.83yrUS$287.86k0.0061%
$ 841.6k

5.8yrs

Average Tenure

59yo

Average Age

Experienced Board: SEDG's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.


Top Shareholders

Company Information

SolarEdge Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SolarEdge Technologies, Inc.
  • Ticker: SEDG
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$13.774b
  • Shares outstanding: 51.21m
  • Website: https://www.solaredge.com

Number of Employees


Location

  • SolarEdge Technologies, Inc.
  • 1 HaMada Street
  • POB 12001
  • Herzliya
  • 4673335
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEDGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 2015
2EDDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2015
0L7SLSE (London Stock Exchange)YesCommon StockGBUSDMar 2015
SEDGWBAG (Wiener Boerse AG)YesCommon StockATEURMar 2015
SEDG NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMar 2015

Biography

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 00:34
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.