Price to Sales (P/S)
since 2015
Calculation
SolarEdge Technologies Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | 5.34 | = | 295.71 | ÷ | 55.40 | 55.40 | = | 3,110,279 | ÷ | 56,146,608 | |
| Feb 22, 2022 | 6.62 | = | 246.07 | ÷ | 37.18 | 37.18 | = | 1,963,865 | ÷ | 52,818,655 | |
| Feb 19, 2021 | 11.38 | = | 321.99 | ÷ | 28.29 | 28.29 | = | 1,459,271 | ÷ | 51,581,559 | |
| Feb 27, 2020 | 4.35 | = | 125.95 | ÷ | 28.96 | 28.96 | = | 1,425,660 | ÷ | 49,235,498 | |
| Feb 28, 2019 | 2.13 | = | 42.26 | ÷ | 19.83 | 19.83 | = | 937,237 | ÷ | 47,255,226 | |
| Feb 20, 2018 | 3.43 | = | 47.45 | ÷ | 13.83 | 13.83 | = | 607,045 | ÷ | 43,891,212 | |
| Aug 17, 2016 | 1.48 | = | 17.76 | ÷ | 11.98 | 11.98 | = | 489,843 | ÷ | 40,898,197 | |
| Aug 20, 2015 | 2.97 | = | 24.60 | ÷ | 8.27 | 8.27 | = | 325,078 | ÷ | 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 exhibited considerable volatility over the analyzed period. Initially, it declined from $24.60 in August 2015 to $17.76 in August 2016. Subsequently, the price increased significantly, peaking at $321.99 in February 2021. After this peak, the share price decreased to $246.07 in February 2022 but recovered somewhat to $295.71 in February 2023. Overall, the trend indicates strong growth with notable fluctuations, particularly between 2019 and 2023.
- Sales Per Share Development
- Sales per share showed a consistent upward trajectory across the period. Beginning at $8.27 in August 2015, the figure rose steadily, apart from a minor dip in 2021 (from $28.96 in 2020 to $28.29). Following this slight decline, sales per share reached a high of $55.40 by February 2023. This progression highlights robust revenue growth per share, particularly marked between 2022 and 2023.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio exhibited fluctuation with an overall increasing trend from 2015 to 2021. Starting at 2.97 in August 2015, it fell to 1.48 in August 2016, then rose again to 4.35 by February 2020. The ratio peaked sharply at 11.38 in February 2021, indicating that the share price grew disproportionately compared to sales per share at that time. This peak was followed by a decline to 6.62 in February 2022 and further to 5.34 by February 2023. These movements suggest changing market valuations relative to sales, with the highest valuation multiples occurring around 2021, followed by moderation.
Comparison to Competitors
SolarEdge Technologies Inc., P/S, long-term trends, comparison to competitors
| SolarEdge Technologies Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | 5.34 | 5.38 | 7.14 | 3.43 | 7.00 | 1.85 | 6.09 | 3.68 | 1.87 | 24.67 | 2.85 | 8.25 |
| Feb 22, 2022 | 6.62 | 8.76 | 12.98 | 5.63 | 9.55 | 2.66 | 7.80 | 5.62 | 2.83 | 20.41 | 4.62 | 8.63 |
| Feb 19, 2021 | 11.38 | 10.63 | 9.03 | 4.69 | 7.40 | 2.96 | 5.43 | 5.43 | 2.73 | 17.31 | 6.20 | 10.81 |
| Feb 27, 2020 | 4.35 | 8.59 | 7.06 | 3.75 | 5.62 | 4.07 | 4.74 | 3.10 | 2.15 | 8.05 | 3.98 | 8.54 |
| Feb 28, 2019 | 2.13 | 3.58 | 5.35 | 1.87 | 4.78 | 3.09 | 4.57 | 2.51 | 1.58 | 15.07 | 3.37 | 6.38 |
| Feb 20, 2018 | 3.43 | 2.28 | 6.40 | 3.82 | 6.07 | 3.39 | 4.00 | 3.25 | 2.30 | 8.76 | 3.54 | 6.83 |
| Aug 17, 2016 | 1.48 | 3.08 | 6.57 | 3.29 | 5.48 | 2.90 | 4.06 | 2.46 | 1.44 | 3.55 | 4.21 | 5.77 |
| Aug 20, 2015 | 2.97 | 0.38 | 5.49 | 2.26 | 5.69 | 2.44 | 2.93 | 2.17 | 1.12 | 2.68 | 3.58 | 4.06 |
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).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
SolarEdge Technologies Inc., P/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| SolarEdge Technologies Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 22, 2023 | 5.34 | 5.82 |
| Feb 22, 2022 | 6.62 | 6.31 |
| Feb 19, 2021 | 11.38 | 5.80 |
| Feb 27, 2020 | 4.35 | 4.72 |
| Feb 28, 2019 | 2.13 | 3.83 |
| Feb 20, 2018 | 3.43 | 4.13 |
| Aug 17, 2016 | 1.48 | 3.59 |
| Aug 20, 2015 | 2.97 | 2.80 |
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).
Comparison to Industry (Information Technology)
SolarEdge Technologies Inc., P/S, long-term trends, comparison to industry (information technology)
| SolarEdge Technologies Inc. | Information Technology | |
|---|---|---|
| Feb 22, 2023 | 5.34 | 6.02 |
| Feb 22, 2022 | 6.62 | 7.01 |
| Feb 19, 2021 | 11.38 | 6.13 |
| Feb 27, 2020 | 4.35 | 4.63 |
| Feb 28, 2019 | 2.13 | 4.31 |
| Feb 20, 2018 | 3.43 | 4.19 |
| Aug 17, 2016 | 1.48 | 3.47 |
| Aug 20, 2015 | 2.97 | 3.04 |
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).