NasdaqGS:SEDG

Stock Analysis Report

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.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.

Risks

  • SolarEdge Technologies has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

8.2%

SEDG

-1.1%

US Semiconductor

-0.5%

US Market


1 Year Return

120.3%

SEDG

8.2%

US Semiconductor

0.9%

US Market

SEDG outperformed the Semiconductor industry which returned 7.5% over the past year.

SEDG outperformed the Market in United States of America which returned 0.7% over the past year.


Share holder returns

SEDGIndustryMarket
7 Day8.2%-1.1%-0.5%
30 Day11.1%8.8%4.8%
90 Day50.7%11.9%2.3%
1 Year120.3%120.3%10.3%8.2%3.1%0.9%
3 Year453.0%453.0%82.7%71.9%45.5%36.0%
5 Yearn/a120.6%98.2%62.5%44.7%

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

2 weeks ago | Simply Wall St

Have Insiders Sold SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Recently?

Valuation

Is SolarEdge Technologies undervalued based on future cash flows and its price relative to the stock market?

37.78x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

SolarEdge Technologies's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

SolarEdge Technologies's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

SolarEdge Technologies is overvalued based on earnings compared to the US Semiconductor industry average.

SolarEdge Technologies is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

SolarEdge Technologies is poor value based on expected growth next year.


Price Based on Value of Assets

SolarEdge Technologies is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is SolarEdge Technologies expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SolarEdge Technologies's revenue is expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).

SolarEdge Technologies's earnings are expected to grow significantly at over 20% yearly.

SolarEdge Technologies's revenue growth is expected to exceed the United States of America market average.

SolarEdge Technologies's earnings growth is expected to exceed the United States of America market average.

SolarEdge Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

SolarEdge Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has SolarEdge Technologies performed over the past 5 years?

46.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SolarEdge Technologies has delivered over 20% year on year earnings growth in the past 5 years.

SolarEdge Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.

SolarEdge Technologies's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

SolarEdge Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

SolarEdge Technologies used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

SolarEdge Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is SolarEdge Technologies's financial position?


Financial Position Analysis

SolarEdge Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SolarEdge Technologies's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SolarEdge Technologies's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).

SolarEdge Technologies had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.

Debt is well covered by operating cash flow (857.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 94.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 33.2x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate SolarEdge Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate SolarEdge Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as SolarEdge Technologies has not reported any payouts.

Unable to verify if SolarEdge Technologies's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as SolarEdge Technologies has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of SolarEdge Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of SolarEdge Technologies's salary, the management and board of directors tenure and is there insider trading?

9.7yrs

Average management tenure


CEO

Zivi Lando (54yo)

0.08yrs

Tenure

US$1,480,571

Compensation

Mr. Zvi Lando also known as Zivi has been Executive Vice President of Global Sales at SolarEdge Technologies, Inc. since joining in May 2009 and has been its Chief Executive Officer since August 21, 2019.  ...


CEO Compensation Analysis

Zivi's remuneration is lower than average for companies of similar size in United States of America.

Zivi's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.7yrs

Average Tenure

46yo

Average Age

The average tenure for the SolarEdge Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.7yrs

Average Tenure

61yo

Average Age

The tenure for the SolarEdge Technologies board of directors is about average.


Insider Trading

SolarEdge Technologies individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$1,208,25305 Sep 19
Avery More
EntityIndividual
Role
Member of the Board of Directors
Director
Shares14,891
Max PriceUS$81.17
SellUS$164,11803 Sep 19
Avery More
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$82.18
SellUS$275,50617 Jun 19
Avery More
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$56.37
SellUS$16,34605 Jun 19
Lori Sheldon
EntityIndividual
Shares309
Max PriceUS$52.90
SellUS$16,34605 Jun 19
Lior Handelsman
EntityIndividual
Role
Top Key Executive
VP of Marketing & Product Strategy and Founder
Shares309
Max PriceUS$52.90
SellUS$16,34605 Jun 19
Meir Adest
EntityIndividual
Role
Top Key Executive
Founder & Chief Information Officer
Shares309
Max PriceUS$52.90
SellUS$16,34605 Jun 19
Zvi Lando
EntityIndividual
Role
Chief Executive Officer
Acting Chief Executive Officer & Executive VP of Global Sales
Shares309
Max PriceUS$52.90
SellUS$16,34605 Jun 19
Rachel Prishkolnik
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Corporate Secretary
Shares309
Max PriceUS$52.90
SellUS$210,79817 May 19
Avery More
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,130
Max PriceUS$51.13
SellUS$11,45406 Dec 18
Zvi Lando
EntityIndividual
Role
Chief Executive Officer
Acting Chief Executive Officer & Executive VP of Global Sales
Shares291
Max PriceUS$39.36
SellUS$11,45406 Dec 18
Lior Handelsman
EntityIndividual
Role
Top Key Executive
VP of Marketing & Product Strategy and Founder
Shares291
Max PriceUS$39.36
SellUS$11,45406 Dec 18
Lori Sheldon
EntityIndividual
Shares291
Max PriceUS$39.36

Ownership Breakdown


Management Team

  • Rachel Prishkolnik (51yo)

    VP, General Counsel & Corporate Secretary

    • Tenure: 9.7yrs
    • Compensation: US$1.30m
  • Ronen Faier (48yo)

    Chief Financial Officer

    • Tenure: 8.7yrs
    • Compensation: US$1.48m
  • Lior Handelsman (44yo)

    VP of Marketing & Product Strategy and Founder

    • Tenure: 13.7yrs
    • Compensation: US$901.75k
  • Zivi Lando (54yo)

    Acting Chief Executive Officer & Executive VP of Global Sales

    • Tenure: 0.08yrs
    • Compensation: US$1.48m
  • Yoav Galin (45yo)

    VP of Research & Development and Founder

    • Tenure: 13.7yrs
    • Compensation: US$1.42m
  • Meir Adest (43yo)

    Founder & Chief Information Officer

    • Tenure: 13.7yrs
  • Israel Gershman

    Chief Reliability Engineer

    • Tenure: 0yrs
  • Amir Fishelov

    Founder & Chief Software Architect

    • Tenure: 0yrs
  • Ilan Yoscovich (46yo)

    Chief Technology Officer

    • Tenure: 0yrs
  • Uri Bechor

    Chief Operating Officer

    • Tenure: 0.08yrs

Board Members

  • Marcel Gani (66yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$207.50k
  • Doron Inbar (69yo)

    Director

    • Tenure: 9.7yrs
    • Compensation: US$192.50k
  • Avery More (64yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$202.50k
  • Yoni Cheifetz (58yo)

    Director

    • Tenure: 9.7yrs
    • Compensation: US$125.00k
  • Dan Avida (55yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$187.50k
  • Tal Payne (47yo)

    Director

    • Tenure: 4.7yrs
    • Compensation: US$185.00k
  • Nadav Zafrir

    Co-Chairman

    • Tenure: 0.08yrs

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$4.311b
  • Shares outstanding: 47.97m
  • 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

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 Analysis2019/09/24 00:44
End of Day Share Price2019/09/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.