SEDG - SolarEdge Technologies, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$35.90
DETAILS
HIGH:
$53.00
LOW:
$24.00
MEDIAN:
$36.00
CONSENSUS:
$35.90
DOWNSIDE:
15.73%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 1,184.4 | 901.5 | 2,976.5 | 3,110.3 | 1,963.9 | 1,459.3 | 1,425.7 | 937.2 | 607.0 | 480.0 | 489.8 | 325.1 | 133.2 | 79.0 | 75.4 |
| Cost of Revenue | 1,002.8 | 1,778.7 | 2,272.7 | 2,265.6 | 1,334.5 | 997.9 | 946.3 | 618.0 | 392.3 | 318.1 | 337.9 | 243.3 | 111.2 | 74.6 | 76.0 |
| Gross Profit | 181.6 | (877.2) | 703.8 | 844.6 | 629.3 | 461.4 | 479.3 | 319.2 | 214.8 | 161.9 | 152.0 | 81.8 | 22.0 | 4.4 | (0.7) |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 221.3 | 277.2 | 321.5 | 289.8 | 219.6 | 163.1 | 121.4 | 82.2 | 55.0 | 40.6 | 33.2 | 22.0 | 18.3 | 15.8 | 13.8 |
| SG&A Expenses | 218.4 | 294.3 | 310.8 | 272.2 | 201.2 | 159.1 | 145.7 | 97.6 | 68.7 | 54.3 | 47.0 | 31.5 | 22.1 | 16.0 | 13 |
| Other Expenses | 27.1 | 259.5 | 31.3 | 116.5 | 1.4 | (3.4) | 22.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 466.7 | 831.1 | 663.6 | 678.5 | 422.2 | 318.8 | 289.4 | 179.8 | 123.7 | 94.8 | 80.2 | 53.5 | 40.3 | 31.9 | 26.8 |
| Operating Income | |||||||||||||||
| Operating Income | (285.2) | (1,708.3) | 40.2 | 166.1 | 207.1 | 142.6 | 189.9 | 139.4 | 91.1 | 67.1 | 71.8 | 28.3 | (18.4) | (27.5) | (27.5) |
| Interest Expense | 80.9 | 18.7 | 15.4 | 10.8 | 10.7 | 10.6 | 5.8 | 2.5 | 1.7 | 0 | 0 | 0.9 | 0 | 0 | 0.1 |
| Interest Income | 13.1 | 34.3 | 33.2 | 10.6 | 3.0 | 4.9 | 4.5 | 5.6 | 4.4 | 4.1 | 1.1 | 0 | 2.0 | 1.1 | 0 |
| Profitability | |||||||||||||||
| EBITDA | (286.8) | (1,640.4) | 142.5 | 231.3 | 230.3 | 198.7 | 210.3 | 152.1 | 107.4 | 68.1 | 76.1 | 26.6 | (17.2) | (25.1) | (26.4) |
| EBIT | (310.9) | (1,700.2) | 85.3 | 181.6 | 190.7 | 166.9 | 183.4 | 139.7 | 100.2 | 62.6 | 72.2 | 24.0 | (19.1) | (27.0) | (27.7) |
| Income Before Tax | (391.8) | (1,708.3) | 80.7 | 177.2 | 187.2 | 163.7 | 178.6 | 137.1 | 100.2 | 61.2 | 72.2 | 23.1 | (21.2) | (28.1) | (27.7) |
| Income Tax Expense | 13.7 | 96.2 | 46.4 | 83.4 | 18.1 | 23.3 | 33.6 | 9.1 | 16.1 | 10.4 | (4.4) | 2.0 | 0.2 | 0.1 | 0.0 |
| Net Income | (405.4) | (1,806.4) | 34.3 | 93.8 | 169.2 | 140.3 | 146.5 | 128.8 | 84.2 | 50.8 | 76.6 | 21.1 | (21.4) | (28.2) | (27.8) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | -6.90 | -31.64 | 0.61 | 1.70 | 3.24 | 2.79 | 3.06 | 2.69 | 1.99 | 1.24 | 1.92 | 0.55 | -0.72 | -0.95 | -0.73 |
| EPS (Diluted) | -6.90 | -31.64 | 0.60 | 1.65 | 3.06 | 2.66 | 2.92 | 2.69 | 1.85 | 1.16 | 1.73 | 0.51 | -0.68 | -0.89 | -0.71 |
| Shares Outstanding | 59.8 | 57.1 | 56.6 | 55.1 | 52.2 | 50.2 | 47.9 | 47.9 | 42.3 | 41.0 | 40.0 | 38.6 | 29.7 | 29.7 | 38.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||
| Cash & Cash Equivalents | 539.8 | 274.6 | 338.5 | 783.1 | 530.1 | 827.1 | 223.9 | 187.8 | 163.2 | 105.6 | 74.0 | 144.8 | 9.8 | 13.1 |
| Short-Term Investments | 38.1 | 311.3 | 521.6 | 241.1 | 167.7 | 203.8 | 96.9 | 128.6 | 77.3 | 74.5 | 59.2 | 0 | 0 | 0 |
| Net Receivables | 267.4 | 342.4 | 780.8 | 1,059.0 | 527.4 | 325.4 | 382.3 | 201.9 | 143.2 | 88.9 | 88.1 | 60.5 | 29.5 | 13.4 |
| Inventory | 552.6 | 645.9 | 1,443.4 | 729.2 | 380.1 | 331.7 | 170.8 | 141.5 | 83.0 | 67.4 | 81.5 | 74.0 | 25.5 | 14.8 |
| Other Current Assets | 341.8 | 434.9 | 190.4 | 87.2 | 63.4 | 0 | 44.0 | 6.6 | 4.9 | 3.5 | 4.1 | 8.2 | 2.5 | 2.1 |
| Total Current Assets | 1,739.8 | 2,034.3 | 3,304.3 | 2,899.7 | 1,711.3 | 1,719.3 | 932.8 | 677.3 | 476.7 | 339.8 | 309.8 | 290.4 | 69.3 | 44.2 |
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment | 317.5 | 384.8 | 678.7 | 606.7 | 457.5 | 345.0 | 212.8 | 119.3 | 51.2 | 36.1 | 27.8 | 14.7 | 5.4 | 4.3 |
| Goodwill | 50.1 | 48.4 | 43.0 | 31.2 | 129.6 | 140.5 | 129.7 | 34.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 7.1 | 9.7 | 35.3 | 19.9 | 58.9 | 67.8 | 74.0 | 38.5 | 1.1 | 1.3 | 0.7 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 63.6 | 415.5 | 647.4 | 482.2 | 147.4 | 119.2 | 74.3 | 103.1 | 44.3 | 52.4 | 0 | 0 | 0 |
| Other Non-Current Assets | 67.6 | 89.4 | 30.0 | 16.9 | 33.9 | 5.4 | 9.9 | 5.5 | 0.9 | 0.5 | 0.4 | 0.5 | 0.4 | 0.6 |
| Total Non-Current Assets | 442.3 | 595.9 | 1,283.4 | 1,366.3 | 1,189.7 | 717.8 | 561.9 | 287.2 | 164.6 | 84.9 | 87.7 | 15.2 | 5.7 | 4.9 |
| Total Assets | 2,182.2 | 2,630.2 | 4,587.7 | 4,265.9 | 2,901.0 | 2,437.1 | 1,494.6 | 964.5 | 641.3 | 424.7 | 397.4 | 305.7 | 75.0 | 49.1 |
| Current Liabilities | ||||||||||||||
| Account Payables | 272.0 | 93.5 | 386.5 | 459.8 | 252.1 | 162.1 | 157.1 | 107.1 | 69.5 | 34.0 | 48.5 | 80.7 | 36.7 | 16.5 |
| Short-Term Debt | 0 | 346.3 | 0 | 0 | 0.1 | 16.9 | 15.7 | 16.6 | 0 | 0 | 0 | 0 | 16.8 | 6.2 |
| Deferred Revenue | 70.4 | 140.9 | 40.8 | 26.6 | 17.8 | 24.6 | 70.8 | 14.4 | 2.6 | 1.2 | 3.9 | 1.7 | 1.7 | 3.6 |
| Other Current Liabilities | 387.1 | 144.4 | 189.0 | 106.7 | 85.1 | 83.8 | 65.1 | 58.6 | 18.4 | 35.3 | 16.9 | 16.4 | 12.4 | 11.1 |
| Total Current Liabilities | 803.5 | 1,041.1 | 893.2 | 889.7 | 525.2 | 436.1 | 436.7 | 225.7 | 129.8 | 70.5 | 87.3 | 105.6 | 72.9 | 40.8 |
| Non-Current Liabilities | ||||||||||||||
| Long-Term Debt | 368.2 | 330.0 | 627.4 | 624.5 | 621.5 | 573.4 | 0 | 3.5 | 0 | 0 | 0 | 0 | 3.4 | 6.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0.2 | 8.6 | 4.5 | 1.5 | 0 | 0 | 0 | 0 | 0.8 | 0.8 |
| Other Non-Current Liabilities | 234.5 | 300.5 | 353.6 | 296.8 | 213.1 | 156.6 | 119.2 | 102.3 | 82.6 | 46.8 | 39.4 | 24.8 | 12.7 | 7.4 |
| Total Non-Current Liabilities | 951.2 | 930.8 | 1,282.6 | 1,199.9 | 1,065.7 | 915.3 | 246.2 | 168.0 | 114.1 | 65.5 | 54.1 | 33.1 | 21.1 | 17.7 |
| Total Liabilities | 1,754.7 | 1,971.9 | 2,175.8 | 2,089.6 | 1,590.9 | 1,351.4 | 683.0 | 393.7 | 243.8 | 136.0 | 141.3 | 138.7 | 94.1 | 58.6 |
| Stockholders' Equity | ||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | (1,433.6) | (1,028.2) | 778.2 | 743.8 | 650.1 | 478.0 | 337.7 | 191.1 | 66.2 | (18) | (43.4) | (120.0) | (141.1) | (119.7) |
| Accumulated Other Comprehensive Income | (11.7) | (76.5) | (46.9) | (73.1) | (27.3) | 3.9 | (1.8) | (0.5) | (0.6) | (0.3) | 0.3 | (0.2) | (0.1) | (0.0) |
| Total Stockholders' Equity | 427.5 | 658.3 | 2,411.9 | 2,176.4 | 1,310.0 | 1,085.8 | 811.7 | 562.4 | 397.5 | 288.8 | 256.1 | 166.9 | (19.1) | (9.5) |
| Total Liabilities & Equity | 2,182.2 | 2,630.2 | 4,587.7 | 4,265.9 | 2,901.0 | 2,437.1 | 1,494.6 | 964.5 | 641.3 | 424.7 | 397.4 | 305.7 | 75.0 | 49.1 |
| Debt Metrics | ||||||||||||||
| Total Debt | 423.4 | 757.3 | 732.0 | 735.5 | 713.8 | 662.6 | 57.9 | 20.1 | 0 | 0 | 0 | 0 | 20.2 | 12.8 |
| Net Debt | (116.4) | 482.7 | 393.6 | (47.6) | 183.7 | (164.5) | (166.0) | (167.6) | (163.2) | (105.6) | (74.0) | (144.8) | 10.5 | (0.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | (405.4) | (1,806.4) | 34.3 | 93.8 | 169.2 | 140.3 | 145.0 | 128.0 | 84.2 | 50.8 | 76.6 | 21.1 | (21.4) | (28.2) | (27.8) |
| Depreciation & Amortization | 30.5 | 59.9 | 57.2 | 49.7 | 39.5 | 31.8 | 26.9 | 12.6 | 7.2 | 5.5 | 3.8 | 2.3 | 2.0 | 1.8 | 1.3 |
| Stock-Based Compensation | 92.5 | 137.3 | 149.9 | 145.5 | 102.6 | 67.3 | 60.4 | 30.6 | 17.6 | 11.6 | 9.1 | 3.0 | 1.1 | 1.1 | 0.8 |
| Change in Working Capital | 222.3 | 224.0 | (390.6) | (379.7) | (118.2) | (22.3) | 24.6 | 23.1 | 32.2 | 10.0 | (37.4) | (18.7) | 0.1 | 1.3 | 3.3 |
| Other Non-Cash Items | 164.4 | 992.7 | 12.1 | 133.1 | 33.1 | 8.2 | 8.3 | 1.8 | 1.1 | (10.9) | 0.4 | 4.5 | 0.4 | 0.8 | 0.0 |
| Operating Cash Flow | 104.3 | (313.3) | (180.1) | 31.3 | 214.1 | 222.7 | 259 | 189.1 | 136.7 | 49.1 | 52.5 | 12.1 | (17.8) | (23.1) | (22.3) |
| Investing Activities | |||||||||||||||
| Capital Expenditure | (23.5) | (108.2) | (170.5) | (169.3) | (149.3) | (126.8) | (72.6) | (38.6) | (21.4) | (11.6) | (16.5) | (11.8) | (3.0) | (1.5) | (4.0) |
| Acquisitions | 30.3 | (10.4) | (23.3) | 24.4 | (16.6) | 0 | (38.4) | (94.7) | 0 | 0 | (3.6) | 0 | 0 | 0 | 0 |
| Purchases of Investments | (471.5) | (279.1) | (296.4) | (507.2) | (579.4) | (278.5) | (160.1) | (152.5) | (143.7) | (40.9) | (118.5) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 793.7 | 834.0 | 280.2 | 231.2 | 262.3 | 141.8 | 147.6 | 129.3 | 80.3 | 32.8 | 6.3 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 50.8 | (20.1) | (58.8) | 3.9 | (1.2) | 26.8 | (29.4) | (0.1) | (0.6) | (0.1) | (0.8) | (2.2) | (0.2) | (1.2) | 1.8 |
| Investing Cash Flow | 379.9 | 416.3 | (268.9) | (417.0) | (484.2) | (236.6) | (152.9) | (156.6) | (85.4) | (19.8) | (128.7) | (13.9) | (3.1) | (2.8) | (2.2) |
| Financing Activities | |||||||||||||||
| Net Debt Issuance | (347.3) | 61.3 | (2.9) | (0.1) | (17.4) | 619.2 | (9.3) | (3.8) | 0 | 0 | 0 | (19.2) | 7.0 | 9.3 | 3.5 |
| Stock Repurchased | 0 | (50.2) | (9.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (1.5) | (31.2) | 0.2 | 4.2 | (4.3) | (0.2) | (63.8) | (4.2) | 7.2 | 1.3 | 2.8 | 0.1 | 0.1 | 0.0 | 0.0 |
| Financing Cash Flow | (348.9) | (20.1) | (12.0) | 654.6 | (15.2) | 640.5 | (73.0) | (8.0) | 7.2 | 1.3 | 2.8 | 137.0 | 17.7 | 19.7 | 40.4 |
| Cash Position | |||||||||||||||
| Net Change in Cash | 129.9 | 71.5 | (444.6) | 253.0 | (297.1) | 603.2 | 36.1 | 24.6 | 58.5 | (39.2) | (73.4) | 135.0 | (3.4) | (6.3) | 15.9 |
| Cash at Beginning | 409.9 | 338.5 | 783.1 | 530.1 | 827.1 | 223.9 | 187.8 | 163.2 | 104.7 | 144.8 | 148.4 | 9.8 | 13.1 | 19.4 | 3.5 |
| Cash at End | 539.8 | 409.9 | 338.5 | 783.1 | 530.1 | 827.1 | 223.9 | 187.8 | 163.2 | 105.6 | 75.0 | 144.8 | 9.8 | 13.1 | 19.4 |
| Free Cash Flow | 80.8 | (421.5) | (350.6) | (138.1) | 64.9 | 95.9 | 186.4 | 150.5 | 115.3 | 37.5 | 36.0 | 0.3 | (20.8) | (24.6) | (26.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 1,184.4 | 901.5 | 2,976.5 | 3,110.3 | 1,963.9 | 1,459.3 | 1,425.7 | 937.2 | 607.0 | 480.0 | 489.8 | 325.1 | 133.2 | 79.0 | 75.4 |
| Gross Profit | 181.6 | (877.2) | 703.8 | 844.6 | 629.3 | 461.4 | 479.3 | 319.2 | 214.8 | 161.9 | 152.0 | 81.8 | 22.0 | 4.4 | (0.7) |
| Operating Income | (285.2) | (1,708.3) | 40.2 | 166.1 | 207.1 | 142.6 | 189.9 | 139.4 | 91.1 | 67.1 | 71.8 | 28.3 | (18.4) | (27.5) | (27.5) |
| Net Income | (405.4) | (1,806.4) | 34.3 | 93.8 | 169.2 | 140.3 | 146.5 | 128.8 | 84.2 | 50.8 | 76.6 | 21.1 | (21.4) | (28.2) | (27.8) |
| EPS (Diluted) | -6.90 | -31.64 | 0.60 | 1.65 | 3.06 | 2.66 | 2.92 | 2.69 | 1.85 | 1.16 | 1.73 | 0.51 | -0.68 | -0.89 | -0.71 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 539.8 | 274.6 | 338.5 | 783.1 | 530.1 | 827.1 | 223.9 | 187.8 | 163.2 | 105.6 | 74.0 | 144.8 | 9.8 | 13.1 | |
| Total Assets | 2,182.2 | 2,630.2 | 4,587.7 | 4,265.9 | 2,901.0 | 2,437.1 | 1,494.6 | 964.5 | 641.3 | 424.7 | 397.4 | 305.7 | 75.0 | 49.1 | |
| Total Debt | 423.4 | 757.3 | 732.0 | 735.5 | 713.8 | 662.6 | 57.9 | 20.1 | 0 | 0 | 0 | 0 | 20.2 | 12.8 | |
| Stockholders' Equity | 427.5 | 658.3 | 2,411.9 | 2,176.4 | 1,310.0 | 1,085.8 | 811.7 | 562.4 | 397.5 | 288.8 | 256.1 | 166.9 | (19.1) | (9.5) | |
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 104.3 | (313.3) | (180.1) | 31.3 | 214.1 | 222.7 | 259 | 189.1 | 136.7 | 49.1 | 52.5 | 12.1 | (17.8) | (23.1) | (22.3) |
| Capital Expenditure | (23.5) | (108.2) | (170.5) | (169.3) | (149.3) | (126.8) | (72.6) | (38.6) | (21.4) | (11.6) | (16.5) | (11.8) | (3.0) | (1.5) | (4.0) |
| Free Cash Flow | 80.8 | (421.5) | (350.6) | (138.1) | 64.9 | 95.9 | 186.4 | 150.5 | 115.3 | 37.5 | 36.0 | 0.3 | (20.8) | (24.6) | (26.4) |