Solaredge Technologies Inc - Understand $sedg stock

$SEDG Market Cap: $616.6 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.047B

TTM

Gross Margin

-76.0%

TTM

Net Earnings

-$1.656B

TTM

Current Assets

$2.118B

Q3 2024

Current Liabilities

$903.8M

Q3 2024

Current Ratio

234.35%

Q3 2024

Total Assets

$2.816B

Q3 2024

Total Liabilities

$1.860B

Q3 2024

Book Value

$956.4M

Q3 2024

Cash

$303.9M

Q3 2024

P/E

-0.3724

Nov 15, 2024 EST

Free Cash Flow

-$612.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$2.977B	$3.110B	$1.964B	$1.459B	$1.426B	$937.2M	$607.0M	$240.0M	$325.1M	$133.2M	$79.04M	$75.40M	$23.20M	$3.900M
YoY Change	-4.3%	58.38%	34.58%	2.36%	52.11%	54.39%	152.94%	-26.17%	144.02%	68.55%	4.82%	225.0%	494.87%	0.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$2.977B	$3.110B	$1.964B	$1.459B	$1.426B	$937.2M	$607.0M	$240.0M	$325.1M	$133.2M	$79.04M	$75.40M	$23.20M	$3.900M
Cost Of Revenue	$2.273B	$2.266B	$1.335B	$997.9M	$946.3M	$618.0M	$392.3M	$159.1M	$243.3M	$111.2M	$74.63M	$76.00M	$30.00M	$7.400M
Gross Profit	$703.8M	$844.6M	$629.3M	$461.4M	$479.3M	$319.2M	$214.8M	$80.90M	$81.78M	$21.97M	$4.409M	-$700.0K	-$6.800M	-$3.400M
Gross Profit Margin	23.65%	27.16%	32.04%	31.62%	33.62%	34.06%	35.38%	33.71%	25.16%	16.49%	5.58%	-0.93%	-29.31%	-87.18%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$310.8M	$272.2M	$201.2M	$159.1M	$155.8M	$97.60M	$68.70M	$27.20M	$31.51M	$22.09M	$16.05M	$13.00M	$9.000M	$5.600M
YoY Change	14.2%	35.28%	26.46%	2.12%	59.63%	42.07%	152.57%	-13.67%	42.66%	37.64%	23.43%	44.44%	60.71%	0.0%
% of Gross Profit	44.16%	32.22%	31.97%	34.49%	32.5%	30.57%	31.99%	33.62%	38.53%	100.52%	363.94%
Research & Development	$321.5M	$289.8M	$219.6M	$163.1M	$121.4M	$82.20M	$55.00M	$20.30M	$22.02M	$18.26M	$15.82M	$13.80M	$10.90M	$9.300M
YoY Change	10.93%	31.95%	34.66%	34.4%	47.63%	49.45%	170.94%	-7.8%	20.61%	15.38%	14.66%	26.61%	17.2%	0.0%
% of Gross Profit	45.68%	34.31%	34.9%	35.35%	25.32%	25.75%	25.61%	25.09%	26.92%	83.09%	358.88%
Depreciation & Amortization	$57.20M	$40.58M	$29.36M	$22.36M	$17.26M	$11.43M	$7.011M	$2.800M	$2.253M	$1.978M	$1.842M	$1.300M	$1.300M
YoY Change	40.95%	38.22%	31.33%	29.51%	51.07%	62.97%	150.39%	24.28%	13.9%	7.38%	41.69%	0.0%
% of Gross Profit	8.13%	4.8%	4.67%	4.85%	3.6%	3.58%	3.26%	3.46%	2.75%	9.0%	41.78%
Operating Expenses	$663.6M	$678.5M	$422.2M	$318.8M	$289.4M	$179.8M	$123.7M	$47.50M	$53.53M	$40.34M	$31.87M	$26.80M	$19.90M	$14.80M
YoY Change	-2.2%	60.72%	32.43%	10.16%	60.95%	45.35%	160.42%	-11.26%	32.68%	26.59%	18.91%	34.67%	34.46%	0.0%
Operating Profit	$40.21M	$166.1M	$207.1M	$142.6M	$189.9M	$139.4M	$91.07M	$33.40M	$28.26M	-$18.37M	-$27.46M	-$27.50M	-$26.70M	-$18.20M
YoY Change	-75.8%	-19.8%	45.3%	-24.95%	36.22%	53.12%	172.65%	18.2%	-253.81%	-33.1%	-0.15%	3.0%	46.7%	0.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$1.269M	$13.54M	$6.376M	$5.330M	$4.805M	$2.536M		-$2.100M	-$5.100M	-$2.800M	-$600.0K	-$300.0K	-$1.100M	-$100.0K
YoY Change	-90.63%	112.33%	19.62%	10.93%	89.47%			-58.82%	82.14%	366.67%	100.0%	-72.73%	1000.0%	0.0%
% of Operating Profit	3.16%	8.15%	3.08%	3.74%	2.53%	1.82%		-6.29%	-18.05%
Other Income/Expense, Net	$41.21M	$3.316M	-$19.92M	$21.11M	-$11.34M	-$2.297M	$9.158M	-$700.0K	-$5.077M	-$2.787M	-$612.0K	$0.00	$0.00	-$100.0K
YoY Change	1142.82%	-116.65%	-194.36%	-286.06%	393.82%	-125.08%	-1408.29%	-86.21%	82.17%	355.39%			-100.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	$81.10M	$177.2M	$187.2M	$163.7M	$178.6M	-$13.41M	-$7.461M	$30.60M	$2.830M	$661.0K	-$28.07M	-$27.70M	-$27.80M	-$18.40M
YoY Change	-54.22%	-5.38%	14.39%	-8.36%	-1432.36%	79.67%	-124.38%	981.27%	328.14%	-102.35%	1.34%	-0.36%	51.09%	0.0%
Income Tax	$46.42M	$83.38M	$18.05M	$23.34M	$33.65M	$9.077M	$16.07M	$5.200M	$1.955M	$220.0K	$108.0K	$0.00	$0.00	$0.00
% Of Pretax Income	57.24%	47.06%	9.64%	14.26%	18.84%			16.99%	69.08%	33.28%
Net Earnings	$34.33M	$93.78M	$169.2M	$140.3M	$146.5M	$128.8M	$84.17M	$25.40M	$21.12M	-$21.38M	-$28.18M	-$27.80M	-$27.80M	-$18.40M
YoY Change	-63.39%	-44.57%	20.56%	-4.25%	13.75%	53.06%	231.39%	20.26%	-198.8%	-24.14%	1.37%	0.0%	51.09%	0.0%
Net Earnings / Revenue	1.15%	3.02%	8.61%	9.62%	10.28%	13.75%	13.87%	10.58%	6.5%	-16.05%	-35.66%	-36.87%	-119.83%	-471.79%
Basic Earnings Per Share	$0.61	$1.70	$3.24	$2.79	$3.06	$2.85	$1.99		$0.30	-$7.64	-$10.28
Diluted Earnings Per Share	$0.60	$1.65	$3.06	$2.66	$2.90	$2.69	$1.85	$579.9K	$0.27	-$7.64	-$10.28	-$729.7K	-$729.7K	-$482.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$860.0M	$1.024B	$697.8M	$1.031B	$320.8M	$316.3M	$240.4M	$179.1M	$144.8M	$9.800M	$13.10M	$13.10M
YoY Change	-16.03%	46.78%	-32.31%	221.35%	1.42%	31.57%	34.23%	23.69%	1377.55%	-25.19%	0.0%
Cash & Equivalents	$338.5M	$783.1M	$530.1M	$827.1M	$223.9M	$187.8M	$163.2M	$104.7M	$144.8M	$9.800M	$13.10M	$13.10M
Short-Term Investments	$521.6M	$241.1M	$167.7M	$143.7M	$91.80M	$118.7M	$77.30M	$74.50M	$59.20M
Other Short-Term Assets	$52.76M	$37.82M	$177.0M	$31.30M	$42.50M	$45.90M	$6.600M	$4.400M	$7.500M	$3.800M	$2.500M	$2.500M
YoY Change	39.53%	-78.63%	465.47%	-26.35%	-7.41%	595.45%	50.0%	-41.33%	97.37%	52.0%	0.0%
Inventory	$1.443B	$729.2M	$380.1M	$331.7M	$170.8M	$141.5M	$83.00M	$67.40M	$74.00M	$25.50M	$14.80M	$14.80M
Prepaid Expenses
Receivables	$622.4M	$905.1M	$456.3M	$218.7M	$298.4M	$173.6M	$109.5M	$71.00M	$35.40M	$19.30M	$9.300M	$9.300M
Other Receivables	$325.6M	$203.3M	$0.00	$106.7M	$100.3M	$0.00	$37.20M	$17.80M	$28.80M	$10.80M	$4.400M	$4.400M
Total Short-Term Assets	$3.304B	$2.900B	$1.711B	$1.719B	$932.8M	$677.3M	$476.7M	$339.8M	$290.4M	$69.30M	$44.20M	$44.20M
YoY Change	13.96%	69.44%	-0.47%	84.32%	37.72%	42.08%	40.29%	17.01%	319.05%	56.79%	0.0%
Property, Plant & Equipment	$678.7M	$606.7M	$457.5M	$345.0M	$212.8M	$119.3M	$51.20M	$36.10M	$14.70M	$5.400M	$4.300M	$4.300M
YoY Change	11.87%	32.61%	32.61%	62.12%	78.37%	133.01%	41.83%	145.58%	172.22%	25.58%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$415.5M	$645.5M	$482.2M	$147.4M	$129.1M	$79.80M	$104.0M	$44.80M	$500.0K	$400.0K	$500.0K	$500.0K
YoY Change	-35.63%	33.86%	227.16%	14.18%	61.78%	-23.27%	132.14%	8860.0%	25.0%	-20.0%	0.0%
Other Assets	$108.4M	$62.96M	$61.43M	$17.00M	$16.30M	$14.70M	$8.300M	$2.800M	$0.00	$0.00	$0.00	$0.00
YoY Change	72.22%	2.49%	261.34%	4.29%	10.88%	77.11%	196.43%
Total Long-Term Assets	$1.283B	$1.366B	$1.190B	$717.8M	$561.8M	$287.2M	$164.6M	$84.90M	$15.30M	$5.700M	$4.900M	$4.900M
YoY Change	-6.07%	14.85%	65.74%	27.77%	95.61%	74.48%	93.88%	454.9%	168.42%	16.33%	0.0%
Total Assets	$4.588B	$4.266B	$2.901B	$2.437B	$1.495B	$964.5M	$641.3M	$424.7M	$305.7M	$75.00M	$49.10M	$49.10M
YoY Change
Accounts Payable	$386.5M	$459.8M	$252.1M	$162.1M	$157.1M	$107.1M	$69.50M	$34.00M	$80.70M	$36.80M	$16.50M	$16.50M
YoY Change	-15.95%	82.42%	55.5%	3.18%	46.69%	54.1%	104.41%	-57.87%	119.29%	123.03%	0.0%
Accrued Expenses	$277.0M	$291.5M	$183.8M	$154.6M	$120.3M	$58.80M	$39.30M	$18.80M	$13.80M	$10.60M	$9.600M	$9.600M
YoY Change	-4.97%	58.53%	18.92%	28.51%	104.59%	49.62%	109.04%	36.23%	30.19%	10.42%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$13.30M	$3.900M	$3.900M
YoY Change									-100.0%	241.03%	0.0%
Long-Term Debt Due	$3.253M	$3.263M		$18.60M	$15.90M	$16.60M			$0.00	$3.500M	$2.300M	$2.300M
YoY Change	-0.31%			16.98%	-4.22%				-100.0%	52.17%	0.0%
Total Short-Term Liabilities	$893.2M	$889.7M	$525.2M	$436.1M	$436.7M	$225.7M	$129.8M	$70.50M	$105.6M	$72.90M	$40.80M	$40.80M
YoY Change	0.39%	69.41%	20.43%	-0.14%	93.49%	73.88%	84.11%	-33.24%	44.86%	78.68%	0.0%
Long-Term Debt	$669.3M	$669.8M	$662.0M	$599.5M	$2.600M	$3.500M	$1.800M	$2.100M	$2.400M	$3.400M	$6.600M	$6.600M
YoY Change	-0.08%	1.18%	10.43%	22957.69%	-25.71%	94.44%	-14.29%	-12.5%	-29.41%	-48.48%	0.0%
Other Long-Term Liabilities	$613.3M	$530.0M	$403.7M	$307.1M	$239.2M	$163.0M	$112.3M	$63.40M	$30.70M	$17.70M	$11.10M	$11.10M
YoY Change	15.71%	31.3%	31.45%	28.39%	46.75%	45.15%	77.13%	106.51%	73.45%	59.46%	0.0%
Total Long-Term Liabilities	$1.283B	$1.200B	$1.066B	$906.6M	$241.8M	$166.5M	$114.1M	$65.50M	$33.10M	$21.10M	$17.70M	$17.70M
YoY Change	6.89%	12.59%	17.55%	274.94%	45.23%	45.92%	74.2%	97.89%	56.87%	19.21%	0.0%
Total Liabilities	$2.176B	$2.090B	$1.591B	$1.351B	$683.0M	$402.1M	$243.8M	$136.0M	$138.7M	$94.10M	$58.60M	$58.60M
YoY Change	4.13%	31.34%	17.72%	97.86%	69.86%	64.93%	79.26%	-1.95%	47.4%	60.58%	0.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2015	2014	2013
Basic Shares Outstanding	56.56M shares	55.09M shares	52.20M shares	50.22M shares	47.92M shares	45.24M shares	42.21M shares	11.90M shares	2.799M shares	2.741M shares
Diluted Shares Outstanding	57.24M shares	58.10M shares	55.97M shares	52.80M shares	50.20M shares	47.98M shares	45.43M shares	15.27M shares	2.799M shares	2.741M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $616.59 Million

About Solaredge Technologies Inc

SolarEdge Technologies, Inc. engages in the development of energy technology, which provides inverter solutions. The firm's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The firm's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The firm's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.

Industry: Semiconductors & Related Devices Peers: Camtek Ltd Nova Ltd