Stock Analysis on Net
Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

This company has been moved to the archive! The financial data has not been updated since February 22, 2023.

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

SolarEdge Technologies Inc., FCFE calculation

US$ in thousands

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income attributable to SolarEdge Technologies, Inc. 93,779 169,170 140,322 146,549 128,833
Net loss attributable to non-controlling interests — — — (1,592) (787)
Net noncash charges 317,211 163,145 104,618 89,477 37,937
Changes in assets and liabilities (379,706) (118,186) (22,285) 24,566 23,096
Net cash provided by operating activities 31,284 214,129 222,655 259,000 189,079
Purchase of property, plant and equipment (169,341) (149,251) (126,790) (72,562) (38,608)
Repayment of bank loans (138) (16,073) (15,595) (9,514) (3,786)
Proceeds from issuance of convertible senior notes, net — — 617,869 — —
Proceeds from bank loans — — 16,944 249 —
Free cash flow to equity (FCFE) (138,195) 48,805 715,083 177,173 146,685

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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to SolarEdge Technologies Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. SolarEdge Technologies Inc. FCFE decreased from 2020 to 2021 and from 2021 to 2022.

Price to FCFE Ratio, Current

SolarEdge Technologies Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 47,255,226
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands) (138,195)
FCFE per share -2.92
Current share price (P) 295.71
Valuation Ratio
P/FCFE —
Benchmarks
P/FCFE, Competitors1
Advanced Micro Devices Inc. 237.14
Analog Devices Inc. 26.29
Applied Materials Inc. 22.95
Broadcom Inc. 37.53
Intel Corp. —
KLA Corp. 39.72
Lam Research Corp. 25.62
Micron Technology Inc. —
NVIDIA Corp. 89.71
ON Semiconductor Corp. 248.27
Qualcomm Inc. 20.98
Texas Instruments Inc. 46.13
P/FCFE, Sector
Semiconductors & Semiconductor Equipment 70.23
P/FCFE, Industry
Information Technology 43.10

Based on: 10-K (reporting date: 2022-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Price to FCFE Ratio, Historical

SolarEdge Technologies Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 56,146,608 52,818,655 51,581,559 49,235,498 47,255,226
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in thousands)2 (138,195) 48,805 715,083 177,173 146,685
FCFE per share3 -2.46 0.92 13.86 3.60 3.10
Share price1, 4 295.71 246.07 321.99 125.95 42.26
Valuation Ratio
P/FCFE5 — 266.31 23.23 35.00 13.61
Benchmarks
P/FCFE, Competitors6
Advanced Micro Devices Inc. 33.46 44.72 133.51 — —
Analog Devices Inc. 24.14 34.67 33.98 37.52 50.53
Applied Materials Inc. 19.17 27.20 23.21 19.53 10.21
Broadcom Inc. 14.62 22.35 9.16 5.64 13.72
Intel Corp. — 14.25 8.57 16.55 —
KLA Corp. 9.01 28.05 19.15 9.84 39.74
Lam Research Corp. 24.95 34.58 16.89 6.14 14.02
Micron Technology Inc. 18.66 37.24 81.71 13.92 —
NVIDIA Corp. 54.83 35.20 44.23 30.19 —
ON Semiconductor Corp. 21.51 38.47 50.56 9.02 —
Qualcomm Inc. 19.13 17.93 34.91 16.39 —
Texas Instruments Inc. 23.88 21.87 24.10 18.77 —
P/FCFE, Sector
Semiconductors & Semiconductor Equipment 28.83 25.00 17.80 14.04 —
P/FCFE, Industry
Information Technology 26.56 27.30 23.29 18.92 —

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).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2022 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= -138,195,000 ÷ 56,146,608 = -2.46

4 Closing price as at the filing date of SolarEdge Technologies Inc. Annual Report.

5 2022 Calculation
P/FCFE = Share price ÷ FCFE per share
= 295.71 ÷ -2.46 = —

6 Click competitor name to see calculations.