Solaredge Technologies Intrinsic Value Calculation – SOLAREDGE TECHNOLOGIES Reports Q2 FY2023 Earnings Results for June 30th 2023

August 13, 2023

🌥️Earnings Overview

On August 1 2023, SOLAREDGE TECHNOLOGIES ($NASDAQ:SEDG) reported its Q2 FY2023 earnings results for the period ending June 30 2023. Total revenue for the company was USD 991.3 million, an increase of 36.2% from the same period last year; net income was USD 119.5 million, compared to 15.1 million in the prior year.

Price History

On Tuesday, SOLAREDGE TECHNOLOGIES reported its Q2 FY2023 earnings results. The stock opened at $237.8 and closed at $239.5, down by 0.8% from its last closing price of 241.5. SOLAREDGE TECHNOLOGIES attributed the strong performance to its broad business portfolio and success of its new products.

The company‚Äôs CEO, Guy Sella, said in a statement that the company had a successful quarter and is well-positioned for long-term growth. He further added that the company is confident in its strategy to build upon its strong presence in the market by continuing to innovate and expand its product offerings. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Solaredge Technologies. More…

    Total Revenues Net Income Net Margin
    3.66k 303.46 8.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Solaredge Technologies. More…

    Operations Investing Financing
    36.07 -235.56 -3.94
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Solaredge Technologies. More…

    Total Assets Total Liabilities Book Value Per Share
    4.7k 2.18k 44.73
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Solaredge Technologies are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    32.0% 19.9% 10.6%
    FCF Margin ROE ROA
    -3.7% 10.0% 5.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Solaredge Technologies Intrinsic Value Calculation

    At GoodWhale we have conducted an in-depth analysis of SOLAREDGE TECHNOLOGIES‘ fundamentals, and our proprietary Valuation Line has calculated the intrinsic value of SOLAREDGE TECHNOLOGIES shares to be around $418.7. Currently, SOLAREDGE TECHNOLOGIES stock is trading at $239.5, meaning it is undervalued by 42.8%. This makes SOLAREDGE TECHNOLOGIES stock an attractive investment opportunity and provides a perfect entry point for investors looking for a solid long-term return. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    In the solar energy industry, there is intense competition between SolarEdge Technologies Inc and its main competitors United Renewable Energy Co Ltd, Folkup Development Inc, and Tainergy Tech Co Ltd. All four companies are striving to be the leading provider of solar energy solutions and each has its own unique strengths and weaknesses. SolarEdge Technologies Inc has a strong focus on innovation and has developed several industry-leading products, while United Renewable Energy Co Ltd has a large customer base and a strong financial position. Folkup Development Inc has a strong research and development team, while Tainergy Tech Co Ltd has a large manufacturing capacity.

    – United Renewable Energy Co Ltd ($TWSE:3576)

    As of 2022, United Renewable Energy Co Ltd has a market cap of 34.73B and a Return on Equity of 2.02%. The company is engaged in the business of developing, manufacturing and marketing of solar photovoltaic products. It also provides engineering, procurement and construction services for solar power projects.

    – Folkup Development Inc ($OTCPK:FLDI)

    Folkup Development Inc is a publicly traded company with a market capitalization of $49 million as of 2022. The company has a return on equity of 40.0%, indicating that it is a profitable company that is generate shareholder value. Folkup Development Inc is engaged in the business of real estate development and management. The company has a portfolio of properties in the United States and Canada.

    – Tainergy Tech Co Ltd ($TWSE:4934)

    Tainergy Tech Co Ltd is a Taiwanese company that manufactures lithium batteries and energy storage systems. The company has a market cap of 5.65 billion as of 2022 and a return on equity of -26.54%. Tainergy Tech Co Ltd manufactures lithium batteries and energy storage systems for a variety of applications, including electric vehicles, power tools, and consumer electronics. The company has a strong presence in the Asia-Pacific region and is expanding its operations globally.

    Summary

    SOLAREDGE TECHNOLOGIES showed strong performance for Q2 FY2023, with total revenue of USD 991.3 million and net income of USD 119.5 million. This demonstrates SOLAREDGE TECHNOLOGIES’ potential as a long-term investment option, with its impressive growth trajectory and strong product offerings. Investors should consider the company’s financial strength and potential returns when investing in the stock.

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