Price to Operating Profit (P/OP)
since 2015
Calculation
SolarEdge Technologies Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | 99.95 | = | 295.71 | ÷ | 2.96 | 2.96 | = | 166,120 | ÷ | 56,146,608 | |
| Feb 22, 2022 | 62.75 | = | 246.07 | ÷ | 3.92 | 3.92 | = | 207,139 | ÷ | 52,818,655 | |
| Feb 19, 2021 | 116.50 | = | 321.99 | ÷ | 2.76 | 2.76 | = | 142,561 | ÷ | 51,581,559 | |
| Feb 27, 2020 | 32.65 | = | 125.95 | ÷ | 3.86 | 3.86 | = | 189,946 | ÷ | 49,235,498 | |
| Feb 28, 2019 | 14.32 | = | 42.26 | ÷ | 2.95 | 2.95 | = | 139,420 | ÷ | 47,255,226 | |
| Feb 20, 2018 | 22.86 | = | 47.45 | ÷ | 2.08 | 2.08 | = | 91,086 | ÷ | 43,891,212 | |
| Aug 17, 2016 | 10.12 | = | 17.76 | ÷ | 1.75 | 1.75 | = | 71,759 | ÷ | 40,898,197 | |
| Aug 20, 2015 | 34.21 | = | 24.60 | ÷ | 0.72 | 0.72 | = | 28,257 | ÷ | 39,300,386 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of SolarEdge Technologies Inc. Annual Report.
- Share Price Trend
- The share price experienced a notable increase over the analyzed periods. Starting at $24.60 in August 2015, it declined to $17.76 by August 2016, followed by a sharp rise to $47.45 by February 2018. Subsequent years showed further growth, with significant peaks at $125.95 in February 2020 and an all-time high of $321.99 by February 2021. After this peak, the share price corrected downward to $246.07 in February 2022, then showed a moderate recovery to $295.71 by February 2023.
- Operating Profit Per Share Trend
- The operating profit per share exhibited an overall increasing trend with some fluctuations. From $0.72 in August 2015, it jumped to $1.75 in 2016, followed by a consistent increase to $3.86 in February 2020. However, in February 2021, the operating profit per share declined to $2.76 before rising again to $3.92 in February 2022. By February 2023, it decreased slightly to $2.96, indicating some volatility in profitability on a per-share basis.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio displayed considerable variability, reflecting changes in market valuation relative to operating profit per share. Initially high at 34.21 in August 2015, it dropped to 10.12 by August 2016, indicating a more attractive valuation relative to operating profits. Thereafter, it fluctuated, rising to 22.86 in February 2018 and falling again to 14.32 in February 2019. Starting February 2020, the ratio surged dramatically to 32.65, and then experienced very sharp increases reaching 116.5 in February 2021, decreasing to 62.75 in February 2022, and again rising to 99.95 in February 2023. These elevated levels suggest that the share price was often valued at a substantial premium over operating profits during recent years, indicative of market optimism or growth expectations.
Comparison to Competitors
SolarEdge Technologies Inc., P/OP, long-term trends, comparison to competitors
| SolarEdge Technologies Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | 99.95 | 100.42 | 26.16 | 11.35 | 16.33 | 49.91 | 11.79 | 5.93 | 66.12 | 7.95 | 16.29 |
| Feb 22, 2022 | 62.75 | 39.48 | 56.12 | 18.85 | 30.78 | 10.82 | 18.34 | 12.48 | 75.08 | 15.84 | 17.67 |
| Feb 19, 2021 | 116.50 | 75.77 | 33.76 | 18.50 | 44.04 | 9.72 | 20.40 | 19.51 | 66.40 | 23.32 | 26.53 |
| Feb 27, 2020 | 32.65 | 91.66 | 24.74 | 16.36 | 36.85 | 13.29 | 12.13 | 6.83 | 24.79 | 12.60 | 21.46 |
| Feb 28, 2019 | 14.32 | 51.38 | 17.62 | 6.74 | 19.42 | 9.40 | 8.67 | 3.20 | 45.61 | 103.26 | 15.00 |
| Feb 20, 2018 | 22.86 | 59.52 | 30.97 | 14.35 | 44.92 | 11.86 | 13.68 | 7.98 | 31.31 | 30.15 | 16.81 |
| Aug 17, 2016 | 10.12 | — | 21.85 | 16.54 | — | 13.40 | 13.46 | 106.63 | 23.80 | 15.26 | 16.07 |
| Aug 20, 2015 | 34.21 | — | 22.69 | 12.92 | 23.80 | 9.66 | 14.45 | 6.04 | 16.52 | 15.68 | 12.34 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).