SolarEdge Technologies, Inc. (SEDG) Report Analysis
SolarEdge's recently released results from Q4 indicate that SolarEdge is performing reasonably well and on par with its peers. Its income and value factors appear positive and give support for optimism regarding the likelihood of continued positive performance. Therefore, SolarEdge received an overall score of 78, translating into a HOLD ranking.
SolarEdge reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 727.77 million compared to USD 480.06 million a year ago. Net income was USD 15.08 million compared to USD 45.09 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.87 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.82 a year ago.For the six months, sales was USD 1,382.85 million compared to USD 885.55 million a year ago. Net income was USD 48.21 million compared to USD 75.17 million a year ago. Basic earnings per share from continuing operations was USD 0.89 compared to USD 1.45 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 1.36 a year ago.
Business Description
SolarEdge, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates through five segments: Solar, Energy Storage, e-Mobility, Critical Power, and Automation Machines. The company 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. It also provides residential, commercial, and large scale PV, 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, the company 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 was founded in 2006 and is headquartered in Herzliya, Israel.
Sector Overview
SolarEdge is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. SolarEdge's industry and sector affiliation are not expected to particularly benefit, nor be weighed down by macroeconomic factors at this time.
Parameter | Value | Change | Score | |
---|---|---|---|---|
Return on Equity | 14.1 | 10.1% | 77 | |
Net Cashflow | -297.1M | 43.0% | 61 | |
Capital Expenditure | -149.3M | -11.9% | 59 | |
Asset Turnover | 0.7 | 2.7% | 82 | |
Free Cashflow Per Share | 1.2 | 250.2% | 96 |
* All values are TTM
The below chart reflects SolarEdge'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's peer average final assessment score stands on 68.0, SolarEdge's score is 78.
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. SolarEdge's stock is now priced above its 50-day and 200-day, but below its 5-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in the medium and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), SolarEdge's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 68.
All in all, looking at the balance sheet, SolarEdge's financial health appears good. SolarEdge's balance sheet neither stood out as being particularly strong or weak relative to its peers. In terms of liabilities, SolarEdge published good numbers. Their reported liabilities were 1.6B, representing a 11.8% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 81. Also, SolarEdge's price to book ratio (P/B) was reported as 11.3 and represents 0.9% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 75. On the other hand, Assets, jumped out as looking problematic. SolarEdge assets metrics were reported as 2.9B, representing a 8.9% change from the last filing. SolarEdge's unremarkable asset growth results, specifically compared to their industry peers' performance, should present negative pressure on SolarEdge's stock price. Its asset component, therefore, received a grade of 62. Therefore, it received a score of 75.
Parameter | Value | Change | Score |
---|---|---|---|
Assets | 2.9B | 8.9% | 62 |
Liabilities | 1.6B | 11.8% | 81 |
Price to Book | 11.3 | 0.9% | 75 |
Cash & Equivalents | 530.1M | 0.7% | 63 |
Equity | 1.3B | 5.5% | 67 |
The below chart describes SolarEdge's performance as reflected on its balance sheet with respect to its peers. While SolarEdge received a balance sheet score of 75, the average of its peers stands on 75.0.
Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
---|---|---|---|---|---|---|---|---|---|
NVIDIA Corporation | 470.1B | 74.0 | 71.0 | 67.0 | 97.0 | 52.0 | 69 | 0 | 1 |
QUALCOMM Incorporated | 170.0B | 68.0 | 43.0 | 78.0 | 37.0 | 90.0 | 65 | 1 | 1 |
Texas Instruments Incorporated | 163.1B | 52.0 | 73.0 | 77.0 | 82.0 | 72.0 | 73 | 2 | 1 |
Advanced Micro Devices, Inc. | 162.1B | 81.0 | 69.0 | 73.0 | 77.0 | 64.0 | 82 | 3 | 1 |
Intel Corporation | 148.6B | 55.0 | 71.0 | 52.0 | 43.0 | 53.0 | 52 | 4 | 1 |
Applied Materials, Inc. | 94.2B | 67.0 | 61.0 | 88.0 | 53.0 | 69.0 | 77 | 5 | 1 |
Analog Devices, Inc. | 87.5B | 63.0 | 76.0 | 72.0 | 53.0 | 66.0 | 74 | 6 | 1 |
Micron Technology, Inc. | 69.5B | 68.0 | 69.0 | 85.0 | 70.0 | 78.0 | 84 | 7 | 1 |
Lam Research Corporation | 68.9B | 77.0 | 61.0 | 87.0 | 49.0 | 86.0 | 86 | 8 | 1 |
KLA Corporation | 54.2B | 95.0 | 66.0 | 60.0 | 85.0 | 46.0 | 76 | 9 | 1 |
NXP Semiconductors N.V. | 48.0B | 77.0 | 67.0 | 79.0 | 92.0 | 74.0 | 86 | 10 | 1 |
Marvell Technology, Inc. | 46.4B | 69.0 | 84.0 | 49.0 | 46.0 | 49.0 | 60 | 11 | 1 |
Microchip Technology Incorporated | 40.2B | 59.0 | 81.0 | 79.0 | 89.0 | 73.0 | 84 | 12 | 1 |
ON Semiconductor Corporation | 31.7B | 71.0 | 64.0 | 90.0 | 82.0 | 92.0 | 91 | 13 | 1 |
Monolithic Power Systems, Inc. | 24.7B | 54.0 | 66.0 | 75.0 | 92.0 | 89.0 | 76 | 14 | 1 |
Skyworks Solutions, Inc. | 17.8B | 64.0 | 70.0 | 81.0 | 66.0 | 75.0 | 78 | 15 | 1 |
Teradyne, Inc. | 15.8B | 73.0 | 76.0 | 64.0 | 43.0 | 50.0 | 69 | 16 | 1 |
Entegris, Inc. | 15.7B | 94.0 | 59.0 | 67.0 | 43.0 | 82.0 | 83 | 17 | 1 |
First Solar, Inc. | 12.6B | 60.0 | 82.0 | 64.0 | 92.0 | 70.0 | 79 | 18 | 1 |
Qorvo, Inc. | 11.0B | 70.0 | 76.0 | 65.0 | 54.0 | 54.0 | 71 | 19 | 1 |
Lattice Semiconductor Corporation | 8.5B | 63.0 | 70.0 | 83.0 | 62.0 | 81.0 | 81 | 20 | 1 |
MKS Instruments, Inc. | 7.5B | 62.0 | 69.0 | 70.0 | 78.0 | 76.0 | 74 | 21 | 1 |
Universal Display Corporation | 6.0B | 55.0 | 65.0 | 72.0 | 40.0 | 74.0 | 64 | 22 | 1 |
Synaptics Incorporated | 5.7B | 78.0 | 60.0 | 85.0 | 93.0 | 87.0 | 87 | 23 | 1 |
Amkor Technology, Inc. | 5.4B | 67.0 | 62.0 | 73.0 | 51.0 | 79.0 | 72 | 24 | 1 |
Tower Semiconductor Ltd. | 5.1B | 65.0 | 70.0 | 68.0 | 69.0 | 77.0 | 75 | 25 | 1 |
Allegro MicroSystems, Inc. | 5.0B | 72.0 | 63.0 | 68.0 | 72.0 | 76.0 | 74 | 26 | 1 |
Silicon Laboratories Inc. | 4.9B | 60.0 | 78.0 | 62.0 | 41.0 | 47.0 | 61 | 27 | 1 |
Cirrus Logic, Inc. | 4.9B | 58.0 | 78.0 | 73.0 | 73.0 | 71.0 | 77 | 28 | 1 |
Power Integrations, Inc. | 4.8B | 65.0 | 78.0 | 62.0 | 37.0 | 45.0 | 63 | 29 | 1 |
SunPower Corporation | 4.5B | 54.0 | 71.0 | 80.0 | 95.0 | 92.0 | 83 | 30 | 1 |
Diodes Incorporated | 3.7B | 79.0 | 61.0 | 69.0 | 68.0 | 80.0 | 78 | 31 | 1 |
Ambarella, Inc. | 3.5B | 50.0 | 76.0 | 71.0 | 87.0 | 67.0 | 64 | 32 | 1 |
Semtech Corporation | 3.5B | 61.0 | 80.0 | 70.0 | 66.0 | 59.0 | 67 | 33 | 1 |
MaxLinear, Inc. | 3.2B | 74.0 | 64.0 | 72.0 | 94.0 | 84.0 | 83 | 34 | 1 |
Rambus Inc. | 3.2B | 73.0 | 64.0 | 73.0 | 62.0 | 83.0 | 79 | 35 | 1 |
Nova Ltd. | 3.1B | 49.0 | 67.0 | 78.0 | 96.0 | 75.0 | 66 | 36 | 1 |
Kulicke and Soffa Industries, Inc. | 2.8B | 65.0 | 63.0 | 92.0 | 64.0 | 87.0 | 84 | 37 | 1 |
Silicon Motion Technology Corporation | 2.8B | 72.0 | 60.0 | 89.0 | 46.0 | 77.0 | 80 | 38 | 1 |
FormFactor, Inc. | 2.6B | 67.0 | 72.0 | 70.0 | 49.0 | 60.0 | 70 | 39 | 1 |
Axcelis Technologies, Inc. | 2.5B | 66.0 | 65.0 | 76.0 | 63.0 | 82.0 | 77 | 40 | 1 |
Impinj, Inc. | 2.5B | 63.0 | 80.0 | 38.0 | 38.0 | 45.0 | 53 | 41 | 1 |
Ultra Clean Holdings, Inc. | 1.5B | 58.0 | 80.0 | 47.0 | 87.0 | 49.0 | 60 | 42 | 1 |
Photronics, Inc. | 1.5B | 55.0 | 85.0 | 68.0 | 76.0 | 60.0 | 68 | 43 | 1 |
Cohu, Inc. | 1.4B | 52.0 | 75.0 | 78.0 | 77.0 | 74.0 | 75 | 44 | 1 |
Himax Technologies, Inc. | 1.2B | 93.0 | 69.0 | 49.0 | 90.0 | 60.0 | 71 | 45 | 1 |
Veeco Instruments Inc. | 1.2B | 57.0 | 72.0 | 70.0 | 56.0 | 78.0 | 72 | 46 | 1 |
Alpha and Omega Semiconductor Limited | 1.1B | 93.0 | 54.0 | 70.0 | 63.0 | 82.0 | 77 | 47 | 1 |
PDF Solutions, Inc. | 1.0B | 61.0 | 77.0 | 42.0 | 97.0 | 51.0 | 60 | 48 | 1 |
CEVA, Inc. | 777.8M | 50.0 | 74.0 | 56.0 | 38.0 | 58.0 | 55 | 49 | 1 |
AXT, Inc. | 408.0M | 86.0 | 61.0 | 64.0 | 66.0 | 72.0 | 77 | 50 | 1 |
Amtech Systems, Inc. | 155.1M | 81.0 | 72.0 | 60.0 | 95.0 | 93.0 | 85 | 51 | 1 |
O2Micro International Limited | 105.8M | 59.0 | 76.0 | 68.0 | 95.0 | 80.0 | 73 | 52 | 1 |
GSI Technology, Inc. | 95.3M | 65.0 | 72.0 | 72.0 | 56.0 | 52.0 | 67 | 53 | 1 |
SPI Energy Co., Ltd. | 63.4M | 69.0 | 72.0 | 42.0 | 97.0 | 94.0 | 77 | 54 | 1 |
Wolfspeed, Inc. | 14.0B | 87.0 | 51.0 | 73.0 | 56.0 | 83.0 | 72 | 55 | 1 |
Onto Innovation Inc. | 4.0B | 53.0 | 70.0 | 70.0 | 76.0 | 79.0 | 70 | 56 | 1 |
Camtek Ltd. | 1.4B | 53.0 | 63.0 | 78.0 | 43.0 | 77.0 | 62 | 57 | 1 |
Mykrolis Corp. | 657.1M | 76.0 | 54.0 | 74.0 | 92.0 | 81.0 | 71 | 58 | 1 |
Aehr Test Systems | 468.2M | 41.0 | 69.0 | 79.0 | 60.0 | 95.0 | 73 | 59 | 1 |
ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60.0 | 71.0 | 61.0 | 60.0 | 68.0 | 56 | 60 | 1 |
CyberOptics Corporation | 394.2M | 65.0 | 68.0 | 73.0 | 52.0 | 88.0 | 78 | 61 | 1 |
Helix Technology Corporation | 364.9M | 65.0 | 78.0 | 79.0 | 85.0 | 51.0 | 66 | 62 | 1 |
Chun Can Capital Group | 352.1M | 64.0 | 63.0 | 67.0 | 85.0 | 89.0 | 81 | 63 | 1 |
NVE Corporation | 253.7M | 64.0 | 65.0 | 72.0 | 90.0 | 61.0 | 69 | 64 | 1 |
Intellon Corporation | 227.6M | 59.0 | 66.0 | 51.0 | 45.0 | 68.0 | 56 | 65 | 1 |
SolarWindow Technologies, Inc. | 186.2M | 64.0 | 71.0 | 71.0 | 58.0 | 45.0 | 64 | 66 | 1 |
Sequans Communications S.A. | 156.3M | 61.0 | 68.0 | 40.0 | 62.0 | 37.0 | 43 | 67 | 1 |
Kopin Corporation | 144.1M | 62.0 | 68.0 | 42.0 | 42.0 | 43.0 | 48 | 68 | 1 |
Pixelworks, Inc. | 127.7M | 74.0 | 70.0 | 46.0 | 54.0 | 51.0 | 57 | 69 | 1 |
inTEST Corporation | 103.2M | 75.0 | 74.0 | 57.0 | 42.0 | 83.0 | 76 | 70 | 1 |
QuickLogic Corporation | 92.5M | 67.0 | 69.0 | 44.0 | 58.0 | 72.0 | 63 | 71 | 1 |
MathStar, Inc. | 75.7M | 62.0 | 72.0 | 71.0 | 63.0 | 50.0 | 64 | 72 | 1 |
eMagin Corporation | 61.4M | 55.0 | 63.0 | 41.0 | 83.0 | 63.0 | 55 | 73 | 1 |
Trident Microsystems, Inc. | 51.3M | 79.0 | 74.0 | 41.0 | 95.0 | 96.0 | 70 | 74 | 1 |
MoSys, Inc. | 39.2M | 73.0 | 71.0 | 48.0 | 46.0 | 45.0 | 62 | 75 | 1 |
Rubicon Technology, Inc. | 35.9M | 69.0 | 67.0 | 47.0 | 66.0 | 81.0 | 67 | 76 | 1 |
CVD Equipment Corporation | 34.5M | 71.0 | 70.0 | 72.0 | 57.0 | 58.0 | 69 | 77 | 1 |
Trikon Technologies Inc. | 23.8M | 72.0 | 79.0 | 82.0 | 90.0 | 53.0 | 87 | 78 | 1 |
Solitron Devices, Inc. | 22.1M | 75.0 | 58.0 | 74.0 | 76.0 | 91.0 | 78 | 79 | 1 |
Trio-Tech International | 21.4M | 67.0 | 69.0 | 45.0 | 67.0 | 63.0 | 63 | 80 | 1 |
SCI Engineered Materials, Inc. | 15.9M | 71.0 | 69.0 | 56.0 | 86.0 | 93.0 | 79 | 81 | 1 |
Genesis Electronics Group, Inc. | 15.4M | 69.0 | 68.0 | 43.0 | 38.0 | 56.0 | 50 | 82 | 1 |
Patriot Scientific Corporation | 2.6M | 75.0 | 77.0 | 69.0 | 55.0 | 46.0 | 66 | 83 | 1 |
P2 Solar, Inc | 2.4M | 68.0 | 68.0 | 99.0 | 90.0 | 78.0 | 84 | 84 | 1 |
STR Holdings, Inc. | 1.7M | 69.0 | 72.0 | 50.0 | 47.0 | 52.0 | 59 | 85 | 1 |
Metalink Ltd. | 1.3M | 81.0 | 78.0 | 41.0 | 92.0 | 97.0 | 79 | 86 | 1 |
Energy Conversion Devices, Inc. | 1.0M | 61.0 | 69.0 | 52.0 | 94.0 | 37.0 | 62 | 87 | 1 |
Global Innovative Platforms Inc. | 965.8K | 49.0 | 75.0 | 70.0 | 84.0 | 62.0 | 73 | 88 | 1 |
NeoMagic Corporation | 931.0K | 52.0 | 72.0 | 82.0 | 98.0 | 49.0 | 72 | 89 | 1 |
Evergreen Solar Inc. | 841.6K | 83.0 | 67.0 | 50.0 | 40.0 | 45.0 | 62 | 90 | 1 |
Asyst Technologies, Inc. | 293.9K | 51.0 | 64.0 | 44.0 | 56.0 | 61.0 | 57 | 91 | 1 |
NanoFlex Power Corporation | 210.5K | 69.0 | 68.0 | 39.0 | 90.0 | 86.0 | 74 | 92 | 1 |
Electroglas, Inc. | 32.2K | 81.0 | 67.0 | 71.0 | 46.0 | 37.0 | 63 | 93 | 1 |
MCT, Inc. | 30.3K | 88.0 | 65.0 | 56.0 | 45.0 | 80.0 | 64 | 94 | 1 |
Solar Enertech Corp. | 18.3K | 88.0 | 64.0 | 72.0 | 64.0 | 45.0 | 73 | 95 | 1 |
Quantum Solar Power Corp. | 205.0 | 65.0 | 61.0 | 45.0 | 94.0 | 41.0 | 51 | 96 | 1 |
TranSwitch Corporation | 57.0 | 61.0 | 69.0 | 42.0 | 92.0 | 37.0 | 55 | 97 | 1 |
While overall, SolarEdge's income statement metrics were good, two metrics jumped up as significant positive drivers of the income statement's strength in SolarEdge's recent report: EBITDA and Return Factors. SolarEdge's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 262.9M, which represents a 11.5% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.0%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 81. Also, Return factors metrics and ratios were exceptional in this report. SolarEdge reported a return on equity (ROE) ratio of 14.1, representing a change of 10.1% from the last report. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Therefore, its return factors component earned a score of 77. That said, one metric, Revenue Efficiency, stood out as strongly negative. SolarEdge management did an underwhelming job managing revenue efficiency this past period. SolarEdge's revenue efficiency is 2.0B according to the metrics in the current filing, which represents a 10.9% change from the previous report. This metric might have a 16.3 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Its revenue efficiency, therefore, received a grade of 46. Therefore, its income statement earned a grade of 62.
Parameter | Value | Change | Score |
---|---|---|---|
EBITDA | 262.9M | 11.5% | 81 |
Total Revenues | 2.0B | 10.9% | 46 |
Return on Equity | 14.1 | 10.1% | 77 |
The below chart describes SolarEdge's performance as reflected on its income statement with respect to its peers. While SolarEdge received a income statement score of 62 , the average of its peers stands on 63.0.
Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
---|---|---|---|---|---|---|---|
NVIDIA Corporation | 470.1B | 45.0 | 80.0 | 63.0 | 62 | 0 | 1 |
QUALCOMM Incorporated | 170.0B | 50.0 | 90.0 | 62.0 | 67 | 1 | 1 |
Texas Instruments Incorporated | 163.1B | 68.0 | 78.0 | 64.0 | 71 | 2 | 1 |
Advanced Micro Devices, Inc. | 162.1B | 40.0 | 86.0 | 58.0 | 59 | 3 | 1 |
Intel Corporation | 148.6B | 95.0 | 44.0 | 52.0 | 71 | 4 | 1 |
Applied Materials, Inc. | 94.2B | 82.0 | 59.0 | 63.0 | 74 | 5 | 1 |
Analog Devices, Inc. | 87.5B | 40.0 | 90.0 | 81.0 | 63 | 6 | 1 |
Micron Technology, Inc. | 69.5B | 64.0 | 79.0 | 75.0 | 71 | 7 | 1 |
Lam Research Corporation | 68.9B | 71.0 | 59.0 | 67.0 | 69 | 8 | 1 |
KLA Corporation | 54.2B | 53.0 | 81.0 | 91.0 | 66 | 9 | 1 |
NXP Semiconductors N.V. | 48.0B | 54.0 | 87.0 | 83.0 | 69 | 10 | 1 |
Marvell Technology, Inc. | 46.4B | 40.0 | 85.0 | 84.0 | 62 | 11 | 1 |
Microchip Technology Incorporated | 40.2B | 55.0 | 86.0 | 82.0 | 69 | 12 | 1 |
ON Semiconductor Corporation | 31.7B | 56.0 | 90.0 | 79.0 | 71 | 13 | 1 |
Monolithic Power Systems, Inc. | 24.7B | 40.0 | 94.0 | 80.0 | 64 | 14 | 1 |
Skyworks Solutions, Inc. | 17.8B | 75.0 | 69.0 | 58.0 | 72 | 15 | 1 |
Teradyne, Inc. | 15.8B | 96.0 | 48.0 | 56.0 | 74 | 16 | 1 |
Entegris, Inc. | 15.7B | 59.0 | 72.0 | 65.0 | 64 | 17 | 1 |
First Solar, Inc. | 12.6B | 88.0 | 42.0 | 58.0 | 67 | 18 | 1 |
Qorvo, Inc. | 11.0B | 90.0 | 47.0 | 53.0 | 70 | 19 | 1 |
Lattice Semiconductor Corporation | 8.5B | 53.0 | 91.0 | 82.0 | 70 | 20 | 1 |
MKS Instruments, Inc. | 7.5B | 84.0 | 57.0 | 59.0 | 71 | 21 | 1 |
Universal Display Corporation | 6.0B | 81.0 | 67.0 | 62.0 | 74 | 22 | 1 |
Synaptics Incorporated | 5.7B | 43.0 | 94.0 | 84.0 | 78 | 23 | 1 |
Amkor Technology, Inc. | 5.4B | 79.0 | 63.0 | 61.0 | 72 | 24 | 1 |
Tower Semiconductor Ltd. | 5.1B | 61.0 | 84.0 | 80.0 | 72 | 25 | 1 |
Allegro MicroSystems, Inc. | 5.0B | 65.0 | 50.0 | 54.0 | 57 | 26 | 1 |
Silicon Laboratories Inc. | 4.9B | 41.0 | 94.0 | 90.0 | 65 | 27 | 1 |
Cirrus Logic, Inc. | 4.9B | 52.0 | 84.0 | 74.0 | 66 | 28 | 1 |
Power Integrations, Inc. | 4.8B | 84.0 | 82.0 | 81.0 | 83 | 29 | 1 |
SunPower Corporation | 4.5B | 42.0 | 37.0 | 45.0 | 38 | 30 | 1 |
Diodes Incorporated | 3.7B | 69.0 | 84.0 | 69.0 | 75 | 31 | 1 |
Ambarella, Inc. | 3.5B | 56.0 | 86.0 | 78.0 | 71 | 32 | 1 |
Semtech Corporation | 3.5B | 63.0 | 83.0 | 86.0 | 74 | 33 | 1 |
MaxLinear, Inc. | 3.2B | 48.0 | 93.0 | 86.0 | 68 | 34 | 1 |
Rambus Inc. | 3.2B | 43.0 | 92.0 | 88.0 | 66 | 35 | 1 |
Nova Ltd. | 3.1B | 43.0 | 80.0 | 74.0 | 68 | 36 | 1 |
Kulicke and Soffa Industries, Inc. | 2.8B | 93.0 | 64.0 | 59.0 | 79 | 37 | 1 |
Silicon Motion Technology Corporation | 2.8B | 69.0 | 68.0 | 60.0 | 72 | 38 | 1 |
FormFactor, Inc. | 2.6B | 76.0 | 79.0 | 81.0 | 78 | 39 | 1 |
Axcelis Technologies, Inc. | 2.5B | 44.0 | 92.0 | 82.0 | 66 | 40 | 1 |
Impinj, Inc. | 2.5B | 53.0 | 65.0 | 57.0 | 58 | 41 | 1 |
Ultra Clean Holdings, Inc. | 1.5B | 63.0 | 75.0 | 48.0 | 67 | 42 | 1 |
Photronics, Inc. | 1.5B | 55.0 | 85.0 | 92.0 | 71 | 43 | 1 |
Cohu, Inc. | 1.4B | 94.0 | 55.0 | 47.0 | 75 | 44 | 1 |
Himax Technologies, Inc. | 1.2B | 95.0 | 49.0 | 53.0 | 73 | 45 | 1 |
Veeco Instruments Inc. | 1.2B | 70.0 | 61.0 | 76.0 | 66 | 46 | 1 |
Alpha and Omega Semiconductor Limited | 1.1B | 74.0 | 54.0 | 56.0 | 66 | 47 | 1 |
PDF Solutions, Inc. | 1.0B | 54.0 | 97.0 | 80.0 | 74 | 48 | 1 |
CEVA, Inc. | 777.8M | 76.0 | 49.0 | 47.0 | 63 | 49 | 1 |
AXT, Inc. | 408.0M | 54.0 | 80.0 | 70.0 | 66 | 50 | 1 |
Amtech Systems, Inc. | 155.1M | 92.0 | 70.0 | 38.0 | 71 | 51 | 1 |
O2Micro International Limited | 105.8M | 90.0 | 45.0 | 51.0 | 61 | 52 | 1 |
GSI Technology, Inc. | 95.3M | 76.0 | 70.0 | 66.0 | 74 | 53 | 1 |
SPI Energy Co., Ltd. | 63.4M | 70.0 | 72.0 | 69.0 | 74 | 54 | 1 |
Wolfspeed, Inc. | 14.0B | 39.0 | 58.0 | 47.0 | 48 | 55 | 1 |
Onto Innovation Inc. | 4.0B | 50.0 | 84.0 | 74.0 | 65 | 56 | 1 |
Camtek Ltd. | 1.4B | 63.0 | 70.0 | 66.0 | 71 | 57 | 1 |
Mykrolis Corp. | 657.1M | 68.0 | 68.0 | 59.0 | 67 | 58 | 1 |
Aehr Test Systems | 468.2M | 38.0 | 98.0 | 91.0 | 82 | 59 | 1 |
ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87.0 | 49.0 | 76.0 | 66 | 60 | 1 |
CyberOptics Corporation | 394.2M | 74.0 | 79.0 | 71.0 | 76 | 61 | 1 |
Helix Technology Corporation | 364.9M | 89.0 | 47.0 | 45.0 | 74 | 62 | 1 |
Chun Can Capital Group | 352.1M | 39.0 | 67.0 | 76.0 | 54 | 63 | 1 |
NVE Corporation | 253.7M | 74.0 | 73.0 | 73.0 | 77 | 64 | 1 |
Intellon Corporation | 227.6M | 59.0 | 74.0 | 91.0 | 70 | 65 | 1 |
SolarWindow Technologies, Inc. | 186.2M | 79.0 | 78.0 | 78.0 | 84 | 66 | 1 |
Sequans Communications S.A. | 156.3M | 61.0 | 63.0 | 82.0 | 70 | 67 | 1 |
Kopin Corporation | 144.1M | 57.0 | 51.0 | 60.0 | 53 | 68 | 1 |
Pixelworks, Inc. | 127.7M | 48.0 | 58.0 | 63.0 | 55 | 69 | 1 |
inTEST Corporation | 103.2M | 46.0 | 57.0 | 63.0 | 54 | 70 | 1 |
QuickLogic Corporation | 92.5M | 43.0 | 90.0 | 78.0 | 79 | 71 | 1 |
MathStar, Inc. | 75.7M | 98.0 | 66.0 | 66.0 | 79 | 72 | 1 |
eMagin Corporation | 61.4M | 61.0 | 65.0 | 87.0 | 73 | 73 | 1 |
Trident Microsystems, Inc. | 51.3M | 97.0 | 51.0 | 43.0 | 74 | 74 | 1 |
MoSys, Inc. | 39.2M | 94.0 | 56.0 | 58.0 | 68 | 75 | 1 |
Rubicon Technology, Inc. | 35.9M | 84.0 | 97.0 | 80.0 | 98 | 76 | 1 |
CVD Equipment Corporation | 34.5M | 45.0 | 61.0 | 83.0 | 62 | 77 | 1 |
Trikon Technologies Inc. | 23.8M | 50.0 | 78.0 | 81.0 | 77 | 78 | 1 |
Solitron Devices, Inc. | 22.1M | 97.0 | 46.0 | 52.0 | 62 | 79 | 1 |
Trio-Tech International | 21.4M | 49.0 | 57.0 | 69.0 | 56 | 80 | 1 |
SCI Engineered Materials, Inc. | 15.9M | 39.0 | 91.0 | 71.0 | 76 | 81 | 1 |
Genesis Electronics Group, Inc. | 15.4M | 98.0 | 41.0 | 40.0 | 67 | 82 | 1 |
Patriot Scientific Corporation | 2.6M | 70.0 | 74.0 | 58.0 | 69 | 83 | 1 |
P2 Solar, Inc | 2.4M | 67.0 | 51.0 | 64.0 | 57 | 84 | 1 |
STR Holdings, Inc. | 1.7M | 92.0 | 78.0 | 73.0 | 83 | 85 | 1 |
Metalink Ltd. | 1.3M | 54.0 | 90.0 | 84.0 | 81 | 86 | 1 |
Energy Conversion Devices, Inc. | 1.0M | 97.0 | 51.0 | 56.0 | 69 | 87 | 1 |
Global Innovative Platforms Inc. | 965.8K | 99.0 | 57.0 | 69.0 | 76 | 88 | 1 |
NeoMagic Corporation | 931.0K | 45.0 | 70.0 | 81.0 | 69 | 89 | 1 |
Evergreen Solar Inc. | 841.6K | 97.0 | 42.0 | 55.0 | 66 | 90 | 1 |
Asyst Technologies, Inc. | 293.9K | 84.0 | 61.0 | 73.0 | 74 | 91 | 1 |
NanoFlex Power Corporation | 210.5K | 98.0 | 76.0 | 81.0 | 83 | 92 | 1 |
Electroglas, Inc. | 32.2K | 89.0 | 60.0 | 58.0 | 65 | 93 | 1 |
MCT, Inc. | 30.3K | 43.0 | 91.0 | 89.0 | 80 | 94 | 1 |
Solar Enertech Corp. | 18.3K | 96.0 | 72.0 | 37.0 | 77 | 95 | 1 |
Quantum Solar Power Corp. | 205.0 | 68.0 | 89.0 | 78.0 | 81 | 96 | 1 |
TranSwitch Corporation | 57.0 | 89.0 | 85.0 | 77.0 | 86 | 97 | 1 |
All in all, the most important metrics within SolarEdge's cash flow looked encouraging. Free cash flow numbers published by SolarEdge were 1.2, which was a 250.2% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.5%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. Therefore, its free cash flow movement earned a score of 96. Also, SolarEdge's published asset turnover numbers were encouraging and reflected management's balanced change strategy. SolarEdge recorded asset turnover of 0.7, which represents a 2.7% change from the previous report. This metric might have a 10.5 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. The company's asset turnover movement, therefore, received a grade of 82. That said, one metric, Capital Expenditure, stood out as strongly negative. SolarEdge's management was ineffective in materially improving CapEx, which now sits at -149.3M and represents a -11.9% change from the previous report. The company's disappointing CapEx growth is expected to stunt the momentum they hoped for this period. Therefore, their CapEx movement component earned a score of 59. Therefore, it received a score of 79.
Parameter | Value | Change | Score |
---|---|---|---|
Net Cashflow | -297.1M | 43.0% | 61 |
Capital Expenditure | -149.3M | -11.9% | 59 |
Asset Turnover | 0.7 | 2.7% | 82 |
Free Cashflow Per Share | 1.2 | 250.2% | 96 |
The below chart describes SolarEdge's performance as reflected on its cash flow with respect to its peers. While SolarEdge received a cash flow score of 79, the average of its peers stands on 66.0.
Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
---|---|---|---|---|---|---|---|---|
NVIDIA Corporation | 470.1B | 92.0 | 66.0 | 61.0 | 87.0 | 84 | 0 | 1 |
QUALCOMM Incorporated | 170.0B | 63.0 | 60.0 | 66.0 | 70.0 | 66 | 1 | 1 |
Texas Instruments Incorporated | 163.1B | 75.0 | 59.0 | 56.0 | 76.0 | 71 | 2 | 1 |
Advanced Micro Devices, Inc. | 162.1B | 58.0 | 60.0 | 45.0 | 88.0 | 72 | 3 | 1 |
Intel Corporation | 148.6B | 65.0 | 41.0 | 48.0 | 55.0 | 52 | 4 | 1 |
Applied Materials, Inc. | 94.2B | 56.0 | 58.0 | 53.0 | 62.0 | 54 | 5 | 1 |
Analog Devices, Inc. | 87.5B | 74.0 | 78.0 | 46.0 | 92.0 | 83 | 6 | 1 |
Micron Technology, Inc. | 69.5B | 77.0 | 65.0 | 64.0 | 64.0 | 67 | 7 | 1 |
Lam Research Corporation | 68.9B | 46.0 | 48.0 | 62.0 | 55.0 | 47 | 8 | 1 |
KLA Corporation | 54.2B | 83.0 | 81.0 | 79.0 | 68.0 | 76 | 9 | 1 |
NXP Semiconductors N.V. | 48.0B | 76.0 | 75.0 | 50.0 | 59.0 | 64 | 10 | 1 |
Marvell Technology, Inc. | 46.4B | 93.0 | 85.0 | 58.0 | 48.0 | 66 | 11 | 1 |
Microchip Technology Incorporated | 40.2B | 78.0 | 77.0 | 54.0 | 82.0 | 79 | 12 | 1 |
ON Semiconductor Corporation | 31.7B | 54.0 | 55.0 | 42.0 | 73.0 | 61 | 13 | 1 |
Monolithic Power Systems, Inc. | 24.7B | 80.0 | 81.0 | 95.0 | 80.0 | 84 | 14 | 1 |
Skyworks Solutions, Inc. | 17.8B | 78.0 | 61.0 | 68.0 | 53.0 | 61 | 15 | 1 |
Teradyne, Inc. | 15.8B | 67.0 | 58.0 | 56.0 | 52.0 | 55 | 16 | 1 |
Entegris, Inc. | 15.7B | 56.0 | 52.0 | 43.0 | 37.0 | 41 | 17 | 1 |
First Solar, Inc. | 12.6B | 44.0 | 43.0 | 47.0 | 55.0 | 47 | 18 | 1 |
Qorvo, Inc. | 11.0B | 72.0 | 63.0 | 87.0 | 63.0 | 67 | 19 | 1 |
Lattice Semiconductor Corporation | 8.5B | 73.0 | 76.0 | 53.0 | 81.0 | 77 | 20 | 1 |
MKS Instruments, Inc. | 7.5B | 57.0 | 52.0 | 38.0 | 54.0 | 50 | 21 | 1 |
Universal Display Corporation | 6.0B | 73.0 | 74.0 | 76.0 | 55.0 | 64 | 22 | 1 |
Synaptics Incorporated | 5.7B | 80.0 | 59.0 | 98.0 | 74.0 | 82 | 23 | 1 |
Amkor Technology, Inc. | 5.4B | 77.0 | 65.0 | 66.0 | 55.0 | 62 | 24 | 1 |
Tower Semiconductor Ltd. | 5.1B | 62.0 | 86.0 | 63.0 | 77.0 | 75 | 25 | 1 |
Allegro MicroSystems, Inc. | 5.0B | 83.0 | 64.0 | 78.0 | 60.0 | 68 | 26 | 1 |
Silicon Laboratories Inc. | 4.9B | 69.0 | 40.0 | 54.0 | 96.0 | 77 | 27 | 1 |
Cirrus Logic, Inc. | 4.9B | 87.0 | 94.0 | 91.0 | 81.0 | 89 | 28 | 1 |
Power Integrations, Inc. | 4.8B | 78.0 | 64.0 | 54.0 | 87.0 | 79 | 29 | 1 |
SunPower Corporation | 4.5B | 53.0 | 45.0 | 38.0 | 86.0 | 66 | 30 | 1 |
Diodes Incorporated | 3.7B | 56.0 | 57.0 | 55.0 | 66.0 | 60 | 31 | 1 |
Ambarella, Inc. | 3.5B | 85.0 | 95.0 | 45.0 | 74.0 | 80 | 32 | 1 |
Semtech Corporation | 3.5B | 79.0 | 78.0 | 58.0 | 77.0 | 77 | 33 | 1 |
MaxLinear, Inc. | 3.2B | 89.0 | 90.0 | 77.0 | 78.0 | 85 | 34 | 1 |
Rambus Inc. | 3.2B | 51.0 | 73.0 | 43.0 | 85.0 | 71 | 35 | 1 |
Nova Ltd. | 3.1B | 74.0 | 58.0 | 41.0 | 95.0 | 67 | 36 | 1 |
Kulicke and Soffa Industries, Inc. | 2.8B | 71.0 | 76.0 | 91.0 | 43.0 | 59 | 37 | 1 |
Silicon Motion Technology Corporation | 2.8B | 52.0 | 45.0 | 82.0 | 70.0 | 56 | 38 | 1 |
FormFactor, Inc. | 2.6B | 76.0 | 81.0 | 81.0 | 75.0 | 79 | 39 | 1 |
Axcelis Technologies, Inc. | 2.5B | 64.0 | 54.0 | 55.0 | 80.0 | 70 | 40 | 1 |
Impinj, Inc. | 2.5B | 74.0 | 90.0 | 92.0 | 82.0 | 85 | 41 | 1 |
Ultra Clean Holdings, Inc. | 1.5B | 83.0 | 98.0 | 66.0 | 42.0 | 63 | 42 | 1 |
Photronics, Inc. | 1.5B | 66.0 | 92.0 | 96.0 | 78.0 | 82 | 43 | 1 |
Cohu, Inc. | 1.4B | 73.0 | 82.0 | 67.0 | 51.0 | 63 | 44 | 1 |
Himax Technologies, Inc. | 1.2B | 50.0 | 50.0 | 51.0 | 42.0 | 46 | 45 | 1 |
Veeco Instruments Inc. | 1.2B | 65.0 | 56.0 | 82.0 | 64.0 | 64 | 46 | 1 |
Alpha and Omega Semiconductor Limited | 1.1B | 68.0 | 69.0 | 74.0 | 43.0 | 66 | 47 | 1 |
PDF Solutions, Inc. | 1.0B | 87.0 | 45.0 | 40.0 | 90.0 | 77 | 48 | 1 |
CEVA, Inc. | 777.8M | 87.0 | 56.0 | 39.0 | 77.0 | 72 | 49 | 1 |
AXT, Inc. | 408.0M | 82.0 | 79.0 | 48.0 | 64.0 | 70 | 50 | 1 |
Amtech Systems, Inc. | 155.1M | 96.0 | 94.0 | 98.0 | 44.0 | 76 | 51 | 1 |
O2Micro International Limited | 105.8M | 65.0 | 65.0 | 69.0 | 49.0 | 61 | 52 | 1 |
GSI Technology, Inc. | 95.3M | 65.0 | 56.0 | 51.0 | 74.0 | 68 | 53 | 1 |
SPI Energy Co., Ltd. | 63.4M | 77.0 | 87.0 | 38.0 | 58.0 | 68 | 54 | 1 |
Wolfspeed, Inc. | 14.0B | 80.0 | 84.0 | 89.0 | 62.0 | 83 | 55 | 1 |
Onto Innovation Inc. | 4.0B | 48.0 | 58.0 | 89.0 | 75.0 | 67 | 56 | 1 |
Camtek Ltd. | 1.4B | 68.0 | 69.0 | 74.0 | 76.0 | 70 | 57 | 1 |
Mykrolis Corp. | 657.1M | 65.0 | 69.0 | 67.0 | 81.0 | 75 | 58 | 1 |
Aehr Test Systems | 468.2M | 65.0 | 65.0 | 69.0 | 91.0 | 77 | 59 | 1 |
ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66.0 | 64.0 | 68.0 | 94.0 | 72 | 60 | 1 |
CyberOptics Corporation | 394.2M | 39.0 | 54.0 | 55.0 | 48.0 | 44 | 61 | 1 |
Helix Technology Corporation | 364.9M | 74.0 | 61.0 | 62.0 | 56.0 | 61 | 62 | 1 |
Chun Can Capital Group | 352.1M | 56.0 | 42.0 | 62.0 | 95.0 | 65 | 63 | 1 |
NVE Corporation | 253.7M | 72.0 | 76.0 | 77.0 | 67.0 | 72 | 64 | 1 |
Intellon Corporation | 227.6M | 50.0 | 90.0 | 50.0 | 77.0 | 72 | 65 | 1 |
SolarWindow Technologies, Inc. | 186.2M | 60.0 | 55.0 | 53.0 | 57.0 | 57 | 66 | 1 |
Sequans Communications S.A. | 156.3M | 45.0 | 79.0 | 86.0 | 50.0 | 59 | 67 | 1 |
Kopin Corporation | 144.1M | 46.0 | 48.0 | 89.0 | 83.0 | 66 | 68 | 1 |
Pixelworks, Inc. | 127.7M | 47.0 | 46.0 | 54.0 | 89.0 | 66 | 69 | 1 |
inTEST Corporation | 103.2M | 52.0 | 41.0 | 43.0 | 79.0 | 61 | 70 | 1 |
QuickLogic Corporation | 92.5M | 83.0 | 81.0 | 38.0 | 86.0 | 83 | 71 | 1 |
MathStar, Inc. | 75.7M | 79.0 | 80.0 | 59.0 | 59.0 | 74 | 72 | 1 |
eMagin Corporation | 61.4M | 61.0 | 51.0 | 48.0 | 68.0 | 62 | 73 | 1 |
Trident Microsystems, Inc. | 51.3M | 67.0 | 71.0 | 66.0 | 74.0 | 76 | 74 | 1 |
MoSys, Inc. | 39.2M | 56.0 | 64.0 | 57.0 | 60.0 | 62 | 75 | 1 |
Rubicon Technology, Inc. | 35.9M | 38.0 | 38.0 | 91.0 | 62.0 | 52 | 76 | 1 |
CVD Equipment Corporation | 34.5M | 53.0 | 50.0 | 56.0 | 88.0 | 69 | 77 | 1 |
Trikon Technologies Inc. | 23.8M | 63.0 | 86.0 | 98.0 | 87.0 | 81 | 78 | 1 |
Solitron Devices, Inc. | 22.1M | 89.0 | 95.0 | 95.0 | 51.0 | 76 | 79 | 1 |
Trio-Tech International | 21.4M | 61.0 | 41.0 | 77.0 | 79.0 | 70 | 80 | 1 |
SCI Engineered Materials, Inc. | 15.9M | 71.0 | 82.0 | 92.0 | 87.0 | 84 | 81 | 1 |
Genesis Electronics Group, Inc. | 15.4M | 62.0 | 71.0 | 70.0 | 98.0 | 80 | 82 | 1 |
Patriot Scientific Corporation | 2.6M | 66.0 | 59.0 | 44.0 | 69.0 | 62 | 83 | 1 |
P2 Solar, Inc | 2.4M | 51.0 | 48.0 | 61.0 | 59.0 | 52 | 84 | 1 |
STR Holdings, Inc. | 1.7M | 62.0 | 72.0 | 41.0 | 63.0 | 63 | 85 | 1 |
Metalink Ltd. | 1.3M | 69.0 | 66.0 | 65.0 | 90.0 | 84 | 86 | 1 |
Energy Conversion Devices, Inc. | 1.0M | 60.0 | 56.0 | 86.0 | 47.0 | 61 | 87 | 1 |
Global Innovative Platforms Inc. | 965.8K | 86.0 | 63.0 | 49.0 | 42.0 | 59 | 88 | 1 |
NeoMagic Corporation | 931.0K | 68.0 | 66.0 | 67.0 | 64.0 | 63 | 89 | 1 |
Evergreen Solar Inc. | 841.6K | 74.0 | 74.0 | 90.0 | 66.0 | 78 | 90 | 1 |
Asyst Technologies, Inc. | 293.9K | 66.0 | 95.0 | 77.0 | 73.0 | 74 | 91 | 1 |
NanoFlex Power Corporation | 210.5K | 54.0 | 72.0 | 86.0 | 39.0 | 55 | 92 | 1 |
Electroglas, Inc. | 32.2K | 46.0 | 88.0 | 55.0 | 75.0 | 68 | 93 | 1 |
MCT, Inc. | 30.3K | 69.0 | 72.0 | 65.0 | 85.0 | 82 | 94 | 1 |
Solar Enertech Corp. | 18.3K | 80.0 | 90.0 | 41.0 | 65.0 | 74 | 95 | 1 |
Quantum Solar Power Corp. | 205.0 | 55.0 | 73.0 | 66.0 | 82.0 | 73 | 96 | 1 |
TranSwitch Corporation | 57.0 | 53.0 | 75.0 | 76.0 | 91.0 | 78 | 97 | 1 |