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SolarEdge Technologies, Inc. (SEDG) Q3 2021 Report Analysis


Company Overview

SolarEdge Technologies, Inc., together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system. The company also provides residential, commercial, and large scale photovoltaics, energy storage and backup, electric vehicle charging, and home energy management solutions, as well as grid services; and e-Mobility, automation machines, lithium-ion cells and battery packs, and uninterrupted power supply solutions, as well as virtual power plants, which helps to manage the load on the grid and grid stability. In addition, it offers pre-sales support, ongoing trainings, and technical support and after installation services. The company sells its products to the providers of solar PV systems; and solar installers and distributors, electrical equipment wholesalers, and PV module manufacturers, as well as engineering, procurement, and construction firms. SolarEdge Technologies, Inc. was founded in 2006 and is headquartered in Herzliya, Israel.

Company Highlights


Parameter Value Change Score
Assets 2,656.83 4% 68
Capital Expenditure -133.37 4% 80
Cash & Equivalents 526.59 0% 72
Equity 1,242.08 5% 51
Liabilities 1,414.75 2% 68
EBITDA 235.75 19% 83
Total Revenues 1,770.06 12% 47
Parameter Value Change Score
Free Cashflow 0.35 191% 41
Cashflow -521.52 -645% 90
Asset Turnover 0.72 -5% 60
Price to Book 12.92 5% 82
Return on Equity 12.83 -1% 74

* All values are TTM

Report Summary

The following analysis and prediction of SolarEdge Technologies, Inc.'s expected performance for the near term is based on a thorough AI-powered analysis of the Company's income statement, balance sheet, & statement of cash flows. Moreover, numerous significant general factors and ratios are also included. First, analysis of the balance sheet parameters stayed at par with their benchmark. Second, the income statement performance metrics kept up with the market benchmark in the above time frame. Moreover, cash flow metrics did not outperform the market benchmark. Fourth, the most historically impactful financial ratios indicate that in the current market SolarEdge Technologies, Inc.'s growth will likely outperform the market benchmark. With all factors taken together, our cumulative assessment of SolarEdge Technologies, Inc. generated the weighted score of 76.

The below chart reflects SolarEdge Technologies, Inc.'s birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While SolarEdge Technologies, Inc.'s peer average final assessment score stands on 73, SolarEdge Technologies, Inc.'s score is 76 out of 100.

  •  SEDG
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow General Factors Final Assessment mc_sort Hidden
Tesla, Inc. 1.0T 65 66 75 92 79 0 1
NVIDIA Corporation 626.7B 54 63 76 92 78 1 1
Broadcom Inc. 232.8B 62 75 53 81 73 2 1
Intel Corporation 218.1B 72 77 79 75 84 3 1
QUALCOMM Incorporated 193.2B 70 75 55 88 80 4 1
Texas Instruments Incorporated 164.7B 70 69 82 79 84 5 1
Advanced Micro Devices, Inc. 154.9B 83 62 68 75 82 6 1
Applied Materials, Inc. 127.1B 86 75 56 77 84 7 1
BYD Company Limited 108.8B 75 56 77 74 70 8 1
Schneider Electric S.E. 104.9B 60 64 88 80 75 9 1
Micron Technology, Inc. 100.8B 83 76 64 76 85 10 1
Lam Research Corporation 90.5B 67 63 85 58 71 11 1
Analog Devices, Inc. 85.7B 73 74 43 75 72 12 1
ABB Ltd 73.8B 80 73 82 72 85 13 1
Eaton Corporation plc 65.1B 52 69 63 78 69 14 1
Marvell Technology, Inc. 64.9B 60 61 62 87 73 15 1
KLA Corporation 59.6B 67 62 91 86 87 16 1
NXP Semiconductors N.V. 56.1B 70 72 64 62 70 17 1
Honda Motor Co., Ltd. 53.1B 57 65 95 76 78 18 1
Xilinx, Inc. 46.9B 51 66 54 90 69 19 1
Microchip Technology Incorporated 42.5B 52 70 66 76 68 20 1
LG Chem, Ltd. 40.8B 65 59 56 67 61 21 1
Samsung SDI Co., Ltd. 37.0B 69 76 56 75 74 22 1
Cummins Inc. 33.1B 76 64 56 70 70 23 1
Techtronic Industries Company Limited 31.4B 81 63 76 79 78 24 1
Sungrow Power Supply Co., Ltd. 28.0B 81 57 66 74 73 25 1
Panasonic Corporation 26.5B 63 74 52 78 67 26 1
Delta Electronics, Inc. 25.6B 60 70 61 69 67 27 1
ON Semiconductor Corporation 25.4B 56 69 82 94 84 28 1
Teradyne, Inc. 24.2B 62 70 75 80 78 29 1
Skyworks Solutions, Inc. 24.1B 79 75 55 69 76 30 1
Monolithic Power Systems, Inc. 19.1B 74 66 73 84 84 31 1
Generac Holdings Inc. 18.4B 84 57 65 69 71 32 1
Enphase Energy, Inc. 18.2B 60 48 76 79 71 33 1
Entegris, Inc. 17.3B 69 69 79 83 84 34 1
Qorvo, Inc. 15.6B 82 72 68 65 79 35 1
Plug Power Inc. 12.1B 73 85 82 52 80 36 1
MKS Instruments, Inc. 9.2B 67 67 69 75 76 37 1
Synaptics Incorporated 8.7B 41 62 76 65 58 38 1
First Solar, Inc. 8.7B 61 76 76 63 71 39 1
Husqvarna AB (publ) 8.6B 55 68 53 80 68 40 1
Vertiv Holdings Co 8.4B 61 64 61 67 65 41 1
Lattice Semiconductor Corporation 8.1B 78 69 74 67 79 42 1
Universal Display Corporation 7.0B 72 66 73 69 76 43 1
Ginlong Technologies Co., Ltd. 6.8B 69 58 83 68 72 44 1
Silicon Laboratories Inc. 6.7B 78 74 61 75 80 45 1
Azenta, Inc. 6.0B 79 75 54 57 70 46 1
Sunrun Inc. 5.7B 75 54 83 51 65 47 1
Amkor Technology, Inc. 5.5B 58 69 65 85 74 48 1
Allegro MicroSystems, Inc. 5.3B 52 69 64 86 72 49 1
CMC Materials, Inc. 5.2B 82 74 54 59 73 50 1
Ambarella, Inc. 5.2B 50 45 49 81 56 51 1
Cirrus Logic, Inc. 5.0B 86 64 57 77 81 52 1
Semtech Corporation 4.9B 72 69 83 75 83 53 1
Power Integrations, Inc. 4.9B 58 66 76 80 75 54 1
MaxLinear, Inc. 4.7B 59 55 80 91 79 55 1
MACOM Technology Solutions Holdings, Inc. 4.7B 64 76 49 86 75 56 1
Diodes Incorporated 4.1B 49 64 70 88 72 57 1
Tower Semiconductor Ltd. 4.1B 67 72 59 77 66 58 1
Nova Ltd. 3.5B 57 65 82 71 72 59 1
Kulicke and Soffa Industries, Inc. 3.5B 74 75 60 88 85 60 1
FormFactor, Inc. 3.3B 60 71 62 72 69 61 1
SunPower Corporation 3.3B 70 62 50 56 60 62 1
Ballard Power Systems Inc. 3.1B 76 84 76 55 80 63 1
Bloom Energy Corporation 3.0B 50 65 81 72 70 64 1
Rambus Inc. 2.8B 78 56 70 68 74 65 1
Ultra Clean Holdings, Inc. 2.3B 61 59 70 78 72 66 1
Axcelis Technologies, Inc. 2.1B 82 63 74 87 89 67 1
Impinj, Inc. 2.1B 58 52 52 69 58 68 1
Himax Technologies, Inc. 2.0B 71 62 61 80 73 69 1
Canadian Solar Inc. 1.7B 66 67 67 71 70 70 1
Cohu, Inc. 1.6B 46 65 82 74 68 71 1
FuelCell Energy, Inc. 1.6B 80 74 47 50 65 72 1
SMART Global Holdings, Inc. 1.5B 74 88 49 86 83 73 1
Veeco Instruments Inc. 1.4B 62 69 74 80 77 74 1
SMA Solar Technology AG 1.3B 65 72 71 65 72 75 1
Alpha and Omega Semiconductor Limited 1.2B 67 62 76 86 81 76 1
Ichor Holdings, Ltd. 1.2B 51 72 54 76 64 77 1
Photronics, Inc. 1.1B 72 75 56 80 78 78 1
PDF Solutions, Inc. 1.0B 69 56 76 63 70 79 1
CEVA, Inc. 864.7M 76 59 90 70 82 80 1
AXT, Inc. 326.7M 58 65 78 65 68 81 1

Balance Sheet Analysis

Diving into the the balance sheet focused our attention on a number of critical factors that provide some of the most meaningful signals into forecasting performance for the coming months. Generally, the balance sheet factors can be responsible for up to 34.1% of the probability that the company will beat its benchmark performance throughout the near term. First, reviewing SolarEdge Technologies, Inc.'s debt service capabilities found slightly above average momentum going into cash and cash equivalents. Generally, the debt service capabilities factors will contribute up to 1.1% of the probability that the company will over-perform. Next, looking at SolarEdge Technologies, Inc.'s assets implies slightly above average overperformance concerning assets changes. A company's assets affect up to 9.1% of the likelihood that a company will beat the market. Looking at the company's debt structure implies slightly above average momentum related to liabilities movement. In general, the debt structure factors will influence up to 9.1% of the likelihood that a company will over-perform. Moreover, the company's forecasts below average execution in terms of shareholders' equity and intangible assets adjustments. Intangible assets and technical changes are historically responsible for up to 14.8% of a company's probability to beat the market during the coming quarters. Our cumulative ranking of the company's balance sheet generated a ranking of 63.

Parameter Value Change Score
Assets 2,656.83 4% 68
Capital Expenditure -133.37 4% 80
Cash & Equivalents 526.59 0% 72
Equity 1,242.08 5% 51
Liabilities 1,414.75 2% 68
* All values are TTM

The below chart describes SolarEdge Technologies, Inc.'s performance as reflected on its balance sheet with respect to its peers. While SolarEdge Technologies, Inc. received a balance sheet score of 63 out of 100, the average of its peers stands on 67 out of 100.

  •  SEDG
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Capital Expenditure Growth Balance Sheet mc_sort Hidden
Tesla, Inc. 1.0T 84 84 41 66 59 65 0 1
NVIDIA Corporation 626.7B 48 48 53 37 90 54 1 1
Broadcom Inc. 232.8B 53 53 60 82 97 62 2 1
Intel Corporation 218.1B 88 88 50 94 66 72 3 1
QUALCOMM Incorporated 193.2B 69 69 58 63 97 70 4 1
Texas Instruments Incorporated 164.7B 90 90 49 94 48 70 5 1
Advanced Micro Devices, Inc. 154.9B 86 86 81 58 68 83 6 1
Applied Materials, Inc. 127.1B 85 85 80 48 96 86 7 1
BYD Company Limited 108.8B 88 88 70 81 47 75 8 1
Schneider Electric S.E. 104.9B 73 73 69 43 44 60 9 1
Micron Technology, Inc. 100.8B 84 84 70 71 97 83 10 1
Lam Research Corporation 90.5B 54 54 94 57 38 67 11 1
Analog Devices, Inc. 85.7B 93 93 37 91 94 73 12 1
ABB Ltd 73.8B 70 70 93 90 58 80 13 1
Eaton Corporation plc 65.1B 38 38 69 64 58 52 14 1
Marvell Technology, Inc. 64.9B 75 75 46 59 46 60 15 1
KLA Corporation 59.6B 79 79 60 78 38 67 16 1
NXP Semiconductors N.V. 56.1B 67 67 81 46 48 70 17 1
Honda Motor Co., Ltd. 53.1B 67 67 55 57 40 57 18 1
Xilinx, Inc. 46.9B 46 46 47 87 77 51 19 1
Microchip Technology Incorporated 42.5B 53 53 55 56 47 52 20 1
LG Chem, Ltd. 40.8B 64 64 65 70 63 65 21 1
Samsung SDI Co., Ltd. 37.0B 78 78 61 67 55 69 22 1
Cummins Inc. 33.1B 71 71 89 75 63 76 23 1
Techtronic Industries Company Limited 31.4B 94 94 52 87 45 81 24 1
Sungrow Power Supply Co., Ltd. 28.0B 92 92 41 92 47 81 25 1
Panasonic Corporation 26.5B 85 85 54 40 68 63 26 1
Delta Electronics, Inc. 25.6B 57 57 65 61 61 60 27 1
ON Semiconductor Corporation 25.4B 61 61 48 90 59 56 28 1
Teradyne, Inc. 24.2B 39 39 79 84 89 62 29 1
Skyworks Solutions, Inc. 24.1B 95 95 51 37 95 79 30 1
Monolithic Power Systems, Inc. 19.1B 91 91 48 74 77 74 31 1
Generac Holdings Inc. 18.4B 91 91 84 80 48 84 32 1
Enphase Energy, Inc. 18.2B 76 76 45 41 52 60 33 1
Entegris, Inc. 17.3B 74 74 63 87 61 69 34 1
Qorvo, Inc. 15.6B 84 84 79 62 70 82 35 1
Plug Power Inc. 12.1B 83 83 51 78 42 73 36 1
MKS Instruments, Inc. 9.2B 71 71 57 50 84 67 37 1
Synaptics Incorporated 8.7B 37 37 54 37 38 41 38 1
First Solar, Inc. 8.7B 55 55 70 73 56 61 39 1
Husqvarna AB (publ) 8.6B 41 41 68 60 75 55 40 1
Vertiv Holdings Co 8.4B 50 50 49 76 76 61 41 1
Lattice Semiconductor Corporation 8.1B 78 78 74 63 79 78 42 1
Universal Display Corporation 7.0B 84 84 56 66 68 72 43 1
Ginlong Technologies Co., Ltd. 6.8B 93 93 46 52 48 69 44 1
Silicon Laboratories Inc. 6.7B 97 97 57 97 54 78 45 1
Azenta, Inc. 6.0B 83 83 66 50 95 79 46 1
Sunrun Inc. 5.7B 86 86 48 77 56 75 47 1
Amkor Technology, Inc. 5.5B 65 65 50 45 60 58 48 1
Allegro MicroSystems, Inc. 5.3B 39 39 52 84 94 52 49 1
CMC Materials, Inc. 5.2B 63 63 97 48 97 82 50 1
Ambarella, Inc. 5.2B 51 51 50 95 48 50 51 1
Cirrus Logic, Inc. 5.0B 97 97 69 71 80 86 52 1
Semtech Corporation 4.9B 72 72 66 78 82 72 53 1
Power Integrations, Inc. 4.9B 55 55 55 53 81 58 54 1
MaxLinear, Inc. 4.7B 65 65 51 90 55 59 55 1
MACOM Technology Solutions Holdings, Inc. 4.7B 66 66 48 81 97 64 56 1
Diodes Incorporated 4.1B 50 50 50 62 50 49 57 1
Tower Semiconductor Ltd. 4.1B 69 69 55 70 81 67 58 1
Nova Ltd. 3.5B 65 65 54 50 46 57 59 1
Kulicke and Soffa Industries, Inc. 3.5B 90 90 43 59 96 74 60 1
FormFactor, Inc. 3.3B 64 64 60 62 49 60 61 1
SunPower Corporation 3.3B 49 49 83 95 95 70 62 1
Ballard Power Systems Inc. 3.1B 84 84 59 65 74 76 63 1
Bloom Energy Corporation 3.0B 51 51 41 40 80 50 64 1
Rambus Inc. 2.8B 85 85 62 44 91 78 65 1
Ultra Clean Holdings, Inc. 2.3B 71 71 53 72 45 61 66 1
Axcelis Technologies, Inc. 2.1B 92 92 72 89 60 82 67 1
Impinj, Inc. 2.1B 54 54 67 90 44 58 68 1
Himax Technologies, Inc. 2.0B 82 82 65 85 48 71 69 1
Canadian Solar Inc. 1.7B 84 84 58 83 42 66 70 1
Cohu, Inc. 1.6B 38 38 61 48 43 46 71 1
FuelCell Energy, Inc. 1.6B 90 90 58 58 94 80 72 1
SMART Global Holdings, Inc. 1.5B 88 88 43 87 97 74 73 1
Veeco Instruments Inc. 1.4B 68 68 60 79 40 62 74 1
SMA Solar Technology AG 1.3B 51 51 76 66 78 65 75 1
Alpha and Omega Semiconductor Limited 1.2B 86 86 49 89 40 67 76 1
Ichor Holdings, Ltd. 1.2B 47 47 53 55 68 51 77 1
Photronics, Inc. 1.1B 69 69 63 64 97 72 78 1
PDF Solutions, Inc. 1.0B 69 69 70 48 68 69 79 1
CEVA, Inc. 864.7M 76 76 64 90 93 76 80 1
AXT, Inc. 326.7M 57 57 57 48 70 58 81 1

Income Statement Analysis

Examining the changes in the company's income statement underlined a number of key changes in the numbers that typically have the greatest effect on company performance for the current market. Taking in consideration their net income signals very good performance in terms of earnings movement. Generally, the company's net income influences around 19.5% of a company's probability to beat its benchmark performance. Next, looking at their cost of sales found moderate execution going into capital expenditure growth. Typically, the Company's cost of sales affect roughly 7.9% of the chances of a company to beat its benchmark performance. Looking closer at their revenue reveals unremarkable execution with connection to revenue momentum. Revenue momentum impacts up to 11.6% of the chances of a company to beat its benchmark performance throughout the current market. Bottom line, our bottom line assessment of the company's income statement gave the total score of 60.

Parameter Value Change Score
EBITDA 235.75 19% 83
Total Revenues 1,770.06 12% 47
* All values are TTM

The below chart describes SolarEdge Technologies, Inc.'s performance as reflected on its income statement with respect to its peers. While SolarEdge Technologies, Inc. received a income statement score of 60 out of 100, the average of its peers stands on 66 out of 100.

  •  SEDG
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Income Statement mc_sort Hidden
Tesla, Inc. 1.0T 46 80 66 0 1
NVIDIA Corporation 626.7B 48 85 63 1 1
Broadcom Inc. 232.8B 98 63 75 2 1
Intel Corporation 218.1B 79 80 77 3 1
QUALCOMM Incorporated 193.2B 97 62 75 4 1
Texas Instruments Incorporated 164.7B 64 81 69 5 1
Advanced Micro Devices, Inc. 154.9B 48 85 62 6 1
Applied Materials, Inc. 127.1B 98 62 75 7 1
BYD Company Limited 108.8B 57 49 56 8 1
Schneider Electric S.E. 104.9B 48 73 64 9 1
Micron Technology, Inc. 100.8B 97 64 76 10 1
Lam Research Corporation 90.5B 38 93 63 11 1
Analog Devices, Inc. 85.7B 97 62 74 12 1
ABB Ltd 73.8B 74 67 73 13 1
Eaton Corporation plc 65.1B 72 64 69 14 1
Marvell Technology, Inc. 64.9B 46 84 61 15 1
KLA Corporation 59.6B 38 93 62 16 1
NXP Semiconductors N.V. 56.1B 60 88 72 17 1
Honda Motor Co., Ltd. 53.1B 40 90 65 18 1
Xilinx, Inc. 46.9B 63 79 66 19 1
Microchip Technology Incorporated 42.5B 60 86 70 20 1
LG Chem, Ltd. 40.8B 58 61 59 21 1
Samsung SDI Co., Ltd. 37.0B 72 83 76 22 1
Cummins Inc. 33.1B 65 62 64 23 1
Techtronic Industries Company Limited 31.4B 46 74 63 24 1
Sungrow Power Supply Co., Ltd. 28.0B 48 67 57 25 1
Panasonic Corporation 26.5B 73 66 74 26 1
Delta Electronics, Inc. 25.6B 81 70 70 27 1
ON Semiconductor Corporation 25.4B 56 88 69 28 1
Teradyne, Inc. 24.2B 68 79 70 29 1
Skyworks Solutions, Inc. 24.1B 98 62 75 30 1
Monolithic Power Systems, Inc. 19.1B 59 81 66 31 1
Generac Holdings Inc. 18.4B 52 64 57 32 1
Enphase Energy, Inc. 18.2B 43 70 48 33 1
Entegris, Inc. 17.3B 64 81 69 34 1
Qorvo, Inc. 15.6B 66 84 72 35 1
Plug Power Inc. 12.1B 99 64 85 36 1
MKS Instruments, Inc. 9.2B 61 82 67 37 1
Synaptics Incorporated 8.7B 37 93 62 38 1
First Solar, Inc. 8.7B 95 66 76 39 1
Husqvarna AB (publ) 8.6B 76 59 68 40 1
Vertiv Holdings Co 8.4B 76 55 64 41 1
Lattice Semiconductor Corporation 8.1B 59 85 69 42 1
Universal Display Corporation 7.0B 63 78 66 43 1
Ginlong Technologies Co., Ltd. 6.8B 51 65 58 44 1
Silicon Laboratories Inc. 6.7B 62 89 74 45 1
Azenta, Inc. 6.0B 99 61 75 46 1
Sunrun Inc. 5.7B 43 67 54 47 1
Amkor Technology, Inc. 5.5B 60 84 69 48 1
Allegro MicroSystems, Inc. 5.3B 53 90 69 49 1
CMC Materials, Inc. 5.2B 98 61 74 50 1
Ambarella, Inc. 5.2B 45 64 45 51 1
Cirrus Logic, Inc. 5.0B 53 83 64 52 1
Semtech Corporation 4.9B 59 85 69 53 1
Power Integrations, Inc. 4.9B 51 87 66 54 1
MaxLinear, Inc. 4.7B 50 74 55 55 1
MACOM Technology Solutions Holdings, Inc. 4.7B 99 63 76 56 1
Diodes Incorporated 4.1B 48 87 64 57 1
Tower Semiconductor Ltd. 4.1B 74 64 72 58 1
Nova Ltd. 3.5B 46 79 65 59 1
Kulicke and Soffa Industries, Inc. 3.5B 97 63 75 60 1
FormFactor, Inc. 3.3B 77 74 71 61 1
SunPower Corporation 3.3B 68 69 62 62 1
Ballard Power Systems Inc. 3.1B 85 73 84 63 1
Bloom Energy Corporation 3.0B 78 54 65 64 1
Rambus Inc. 2.8B 51 73 56 65 1
Ultra Clean Holdings, Inc. 2.3B 47 82 59 66 1
Axcelis Technologies, Inc. 2.1B 46 88 63 67 1
Impinj, Inc. 2.1B 48 71 52 68 1
Himax Technologies, Inc. 2.0B 50 60 62 69 1
Canadian Solar Inc. 1.7B 41 82 67 70 1
Cohu, Inc. 1.6B 51 85 65 71 1
FuelCell Energy, Inc. 1.6B 99 50 74 72 1
SMART Global Holdings, Inc. 1.5B 97 80 88 73 1
Veeco Instruments Inc. 1.4B 56 88 69 74 1
SMA Solar Technology AG 1.3B 86 68 72 75 1
Alpha and Omega Semiconductor Limited 1.2B 38 93 62 76 1
Ichor Holdings, Ltd. 1.2B 69 81 72 77 1
Photronics, Inc. 1.1B 97 63 75 78 1
PDF Solutions, Inc. 1.0B 58 69 56 79 1
CEVA, Inc. 864.7M 56 73 59 80 1
AXT, Inc. 326.7M 54 84 65 81 1

Cash Flow Analysis

Examination of the changes in the companys cash flow pointed to several specific numbers that effect the performance in the current market. Specifically, SolarEdge Technologies, Inc.'s flow of cash coming from operations, finance, and investments signals remarkable overperformance in terms of cash flow momentum. The flow of cash coming from operations, finance, and investments factors are responsible for up to 1.5% of the likelihood that a company will beat its benchmark performance. Analyzing SolarEdge Technologies, Inc.'s net cash flow we see sub-par sentiment in terms of free cash flow growth. Statistically, these factors will impact around 6.4% of a company's probability to over-perform its benchmark in the course of the near term. Our cumulative grade of their cash flow gave the cumulative strength of 76.

Parameter Value Change Score
Free Cashflow 0.35 191% 41
Cashflow -521.52 -645% 90
* All values are TTM

The below chart describes SolarEdge Technologies, Inc.'s performance as reflected on its cash flow with respect to its peers. While SolarEdge Technologies, Inc. received a cash flow score of 76 out of 100, the average of its peers stands on 67 out of 100.

  •  SEDG
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Cash Flow mc_sort Hidden
Tesla, Inc. 1.0T 75 68 75 0 1
NVIDIA Corporation 626.7B 78 74 76 1 1
Broadcom Inc. 232.8B 60 45 53 2 1
Intel Corporation 218.1B 81 74 79 3 1
QUALCOMM Incorporated 193.2B 62 43 55 4 1
Texas Instruments Incorporated 164.7B 84 76 82 5 1
Advanced Micro Devices, Inc. 154.9B 66 80 68 6 1
Applied Materials, Inc. 127.1B 63 45 56 7 1
BYD Company Limited 108.8B 79 67 77 8 1
Schneider Electric S.E. 104.9B 87 88 88 9 1
Micron Technology, Inc. 100.8B 56 95 64 10 1
Lam Research Corporation 90.5B 83 92 85 11 1
Analog Devices, Inc. 85.7B 47 46 43 12 1
ABB Ltd 73.8B 80 84 82 13 1
Eaton Corporation plc 65.1B 66 58 63 14 1
Marvell Technology, Inc. 64.9B 65 60 62 15 1
KLA Corporation 59.6B 89 97 91 16 1
NXP Semiconductors N.V. 56.1B 63 77 64 17 1
Honda Motor Co., Ltd. 53.1B 93 97 95 18 1
Xilinx, Inc. 46.9B 56 61 54 19 1
Microchip Technology Incorporated 42.5B 66 72 66 20 1
LG Chem, Ltd. 40.8B 61 45 56 21 1
Samsung SDI Co., Ltd. 37.0B 62 48 56 22 1
Cummins Inc. 33.1B 54 57 56 23 1
Techtronic Industries Company Limited 31.4B 79 69 76 24 1
Sungrow Power Supply Co., Ltd. 28.0B 46 93 66 25 1
Panasonic Corporation 26.5B 51 52 52 26 1
Delta Electronics, Inc. 25.6B 66 57 61 27 1
ON Semiconductor Corporation 25.4B 82 82 82 28 1
Teradyne, Inc. 24.2B 73 84 75 29 1
Skyworks Solutions, Inc. 24.1B 62 44 55 30 1
Monolithic Power Systems, Inc. 19.1B 73 79 73 31 1
Generac Holdings Inc. 18.4B 67 59 65 32 1
Enphase Energy, Inc. 18.2B 77 77 76 33 1
Entegris, Inc. 17.3B 80 77 79 34 1
Qorvo, Inc. 15.6B 71 64 68 35 1
Plug Power Inc. 12.1B 82 81 82 36 1
MKS Instruments, Inc. 9.2B 70 72 69 37 1
Synaptics Incorporated 8.7B 71 95 76 38 1
First Solar, Inc. 8.7B 86 50 76 39 1
Husqvarna AB (publ) 8.6B 52 54 53 40 1
Vertiv Holdings Co 8.4B 63 56 61 41 1
Lattice Semiconductor Corporation 8.1B 75 77 74 42 1
Universal Display Corporation 7.0B 73 81 73 43 1
Ginlong Technologies Co., Ltd. 6.8B 79 89 83 44 1
Silicon Laboratories Inc. 6.7B 59 76 61 45 1
Azenta, Inc. 6.0B 61 43 54 46 1
Sunrun Inc. 5.7B 86 76 83 47 1
Amkor Technology, Inc. 5.5B 71 53 65 48 1
Allegro MicroSystems, Inc. 5.3B 68 61 64 49 1
CMC Materials, Inc. 5.2B 61 47 54 50 1
Ambarella, Inc. 5.2B 51 55 49 51 1
Cirrus Logic, Inc. 5.0B 58 64 57 52 1
Semtech Corporation 4.9B 82 84 83 53 1
Power Integrations, Inc. 4.9B 75 85 76 54 1
MaxLinear, Inc. 4.7B 77 91 80 55 1
MACOM Technology Solutions Holdings, Inc. 4.7B 55 45 49 56 1
Diodes Incorporated 4.1B 68 82 70 57 1
Tower Semiconductor Ltd. 4.1B 65 37 59 58 1
Nova Ltd. 3.5B 78 90 82 59 1
Kulicke and Soffa Industries, Inc. 3.5B 67 51 60 60 1
FormFactor, Inc. 3.3B 67 56 62 61 1
SunPower Corporation 3.3B 55 50 50 62 1
Ballard Power Systems Inc. 3.1B 77 74 76 63 1
Bloom Energy Corporation 3.0B 82 79 81 64 1
Rambus Inc. 2.8B 70 74 70 65 1
Ultra Clean Holdings, Inc. 2.3B 69 78 70 66 1
Axcelis Technologies, Inc. 2.1B 70 90 74 67 1
Impinj, Inc. 2.1B 58 46 52 68 1
Himax Technologies, Inc. 2.0B 59 76 61 69 1
Canadian Solar Inc. 1.7B 66 71 67 70 1
Cohu, Inc. 1.6B 82 84 82 71 1
FuelCell Energy, Inc. 1.6B 47 46 47 72 1
SMART Global Holdings, Inc. 1.5B 54 50 49 73 1
Veeco Instruments Inc. 1.4B 79 64 74 74 1
SMA Solar Technology AG 1.3B 68 84 71 75 1
Alpha and Omega Semiconductor Limited 1.2B 70 97 76 76 1
Ichor Holdings, Ltd. 1.2B 60 49 54 77 1
Photronics, Inc. 1.1B 63 48 56 78 1
PDF Solutions, Inc. 1.0B 74 87 76 79 1
CEVA, Inc. 864.7M 88 93 90 80 1
AXT, Inc. 326.7M 78 78 78 81 1

General & Ratios Analysis

The holistic analysis of the most critical factors in these key factors in the reports provides us a deeper perspective into their likelihood to over-perform the market for the near term. First, analysis of their results in relation to general factors forecasts uninspired sentiment concerning macroeconomic environment. Next, looking at looking closer at SolarEdge Technologies, Inc.'s health and sustainability forecasts great in the next quarter execution related to book value momentum. Generally, these factors will impact up to 26.6% of the probability that the company will beat its benchmark performance. Looking closer at diving deeper into SolarEdge Technologies, Inc.'s capital efficiency forecasts standard performance concerning assets factors momentum. Historically, the capital efficiency factors will impact around 1.8% of a company's likelihood to over-perform its benchmark during the upcoming quarter. Perhaps more importantly, a drill down into investors' interest the results signal satisfactory results going into return factors momentum. In general, these factors do contribute up to 4.8% of a company's likelihood to over-perform during the current market. Fourth, diving into their capital efficiency shows standard performance concerning assets factors momentum. Statistically, the capital efficiency factors will impact around 1.8% of the probability that the company will beat the market for the coming months. With all factors analyzed together, our bottom line grade for SolarEdge Technologies, Inc.'s general factors and ratios received a total score of 81.

Parameter Value Change Score
Asset Turnover 0.72 -5% 60
Price to Book 12.92 5% 82
Return on Equity 12.83 -1% 74
* All values are TTM

The below chart describes SolarEdge Technologies, Inc.'s performance as reflected on its Financial Ratios with respect to its peers. While SolarEdge Technologies, Inc. received a Financial Ratios score of 81 out of 100, the average of its peers stands on 74 out of 100.

  •  SEDG
  •  Peers average
Name Market Cap Macro Environment Book Value Momentum Return Factors Momentum Assets Factors Momentum General Factors mc_sort Hidden
Tesla, Inc. 1.0T 54 93 85 58 92 0 1
NVIDIA Corporation 626.7B 57 94 77 87 92 1 1
Broadcom Inc. 232.8B 57 77 83 92 81 2 1
Intel Corporation 218.1B 57 77 61 68 75 3 1
QUALCOMM Incorporated 193.2B 57 92 70 69 88 4 1
Texas Instruments Incorporated 164.7B 57 81 68 66 79 5 1
Advanced Micro Devices, Inc. 154.9B 57 72 78 70 75 6 1
Applied Materials, Inc. 127.1B 57 76 75 65 77 7 1
BYD Company Limited 108.8B 54 77 57 57 74 8 1
Schneider Electric S.E. 104.9B 45 82 68 68 80 9 1
Micron Technology, Inc. 100.8B 57 71 85 79 76 10 1
Lam Research Corporation 90.5B 57 56 62 58 58 11 1
Analog Devices, Inc. 85.7B 57 82 51 61 75 12 1
ABB Ltd 73.8B 45 70 94 56 72 13 1
Eaton Corporation plc 65.1B 45 80 78 57 78 14 1
Marvell Technology, Inc. 64.9B 57 85 84 87 87 15 1
KLA Corporation 59.6B 57 94 59 50 86 16 1
NXP Semiconductors N.V. 56.1B 57 55 82 71 62 17 1
Honda Motor Co., Ltd. 53.1B 54 76 77 65 76 18 1
Xilinx, Inc. 46.9B 57 93 72 83 90 19 1
Microchip Technology Incorporated 42.5B 57 73 78 77 76 20 1
LG Chem, Ltd. 40.8B 61 67 56 62 67 21 1
Samsung SDI Co., Ltd. 37.0B 57 74 73 70 75 22 1
Cummins Inc. 33.1B 45 70 63 73 70 23 1
Techtronic Industries Company Limited 31.4B 45 79 66 77 79 24 1
Sungrow Power Supply Co., Ltd. 28.0B 45 74 54 90 74 25 1
Panasonic Corporation 26.5B 54 75 75 65 78 26 1
Delta Electronics, Inc. 25.6B 57 70 60 71 69 27 1
ON Semiconductor Corporation 25.4B 57 94 84 89 94 28 1
Teradyne, Inc. 24.2B 57 78 78 87 80 29 1
Skyworks Solutions, Inc. 24.1B 57 75 54 40 69 30 1
Monolithic Power Systems, Inc. 19.1B 57 88 69 53 84 31 1
Generac Holdings Inc. 18.4B 45 69 59 74 69 32 1
Enphase Energy, Inc. 18.2B 57 83 59 78 79 33 1
Entegris, Inc. 17.3B 57 86 71 66 83 34 1
Qorvo, Inc. 15.6B 57 64 68 48 65 35 1
Plug Power Inc. 12.1B 45 41 69 91 52 36 1
MKS Instruments, Inc. 9.2B 57 74 74 64 75 37 1
Synaptics Incorporated 8.7B 57 58 74 97 65 38 1
First Solar, Inc. 8.7B 57 66 53 44 63 39 1
Husqvarna AB (publ) 8.6B 45 87 67 55 80 40 1
Vertiv Holdings Co 8.4B 45 73 46 66 67 41 1
Lattice Semiconductor Corporation 8.1B 57 62 76 70 67 42 1
Universal Display Corporation 7.0B 57 70 65 60 69 43 1
Ginlong Technologies Co., Ltd. 6.8B 45 65 70 79 68 44 1
Silicon Laboratories Inc. 6.7B 57 82 56 39 75 45 1
Azenta, Inc. 6.0B 57 60 49 45 57 46 1
Sunrun Inc. 5.7B 45 47 84 45 51 47 1
Amkor Technology, Inc. 5.5B 57 85 75 82 85 48 1
Allegro MicroSystems, Inc. 5.3B 57 86 76 89 86 49 1
CMC Materials, Inc. 5.2B 57 56 64 76 59 50 1
Ambarella, Inc. 5.2B 57 87 53 91 81 51 1
Cirrus Logic, Inc. 5.0B 57 82 64 46 77 52 1
Semtech Corporation 4.9B 57 73 77 74 75 53 1
Power Integrations, Inc. 4.9B 57 77 80 87 80 54 1
MaxLinear, Inc. 4.7B 57 88 97 56 91 55 1
MACOM Technology Solutions Holdings, Inc. 4.7B 57 85 83 78 86 56 1
Diodes Incorporated 4.1B 57 89 77 87 88 57 1
Tower Semiconductor Ltd. 4.1B 57 76 74 62 77 58 1
Nova Ltd. 3.5B 59 77 59 70 71 59 1
Kulicke and Soffa Industries, Inc. 3.5B 57 86 84 88 88 60 1
FormFactor, Inc. 3.3B 57 70 75 61 72 61 1
SunPower Corporation 3.3B 57 41 93 94 56 62 1
Ballard Power Systems Inc. 3.1B 45 42 88 85 55 63 1
Bloom Energy Corporation 3.0B 45 69 65 88 72 64 1
Rambus Inc. 2.8B 57 72 49 71 68 65 1
Ultra Clean Holdings, Inc. 2.3B 57 75 80 76 78 66 1
Axcelis Technologies, Inc. 2.1B 57 86 81 73 87 67 1
Impinj, Inc. 2.1B 57 66 70 84 69 68 1
Himax Technologies, Inc. 2.0B 54 80 62 75 80 69 1
Canadian Solar Inc. 1.7B 60 71 61 71 71 70 1
Cohu, Inc. 1.6B 57 68 83 95 74 71 1
FuelCell Energy, Inc. 1.6B 45 44 48 90 50 72 1
SMART Global Holdings, Inc. 1.5B 57 84 84 83 86 73 1
Veeco Instruments Inc. 1.4B 57 78 78 75 80 74 1
SMA Solar Technology AG 1.3B 57 54 94 72 65 75 1
Alpha and Omega Semiconductor Limited 1.2B 57 93 58 65 86 76 1
Ichor Holdings, Ltd. 1.2B 57 73 76 81 76 77 1
Photronics, Inc. 1.1B 57 76 84 82 80 78 1
PDF Solutions, Inc. 1.0B 57 65 56 53 63 79 1
CEVA, Inc. 864.7M 57 60 92 85 70 80 1
AXT, Inc. 326.7M 57 64 61 78 65 81 1

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