Solaredge Technologies Intrinsic Value Calculation – SOLAREDGE TECHNOLOGIES Reports Q2 FY2023 Financial Results
August 5, 2023
🌥️Earnings Overview
SOLAREDGE TECHNOLOGIES ($NASDAQ:SEDG) announced on June 30 2023 financial results for the second quarter of FY2023, ending August 1 2023. Total revenue was USD 991.3 million, a 36.2% increase compared to the same period last year. Additionally, net income for the quarter was USD 119.5 million, a marked difference from the previous year’s USD 15.1 million.
Stock Price
On Tuesday, SOLAREDGE TECHNOLOGIES reported its Q2 FY2023 financial results. The company’s stock opened at $237.8 and closed at $239.5, which was a 0.8% decline from the previous closing price of 241.5. As the company continues to focus on expanding its presence in international markets and developing new products, investors may expect that SOLAREDGE TECHNOLOGIES will deliver improved results in the future. Live Quote…
About the Company
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% |
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 |
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 |
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% |
Analysis – Solaredge Technologies Intrinsic Value Calculation
At GoodWhale, we have analyzed SOLAREDGE TECHNOLOGIES‘s financials and have reached a conclusion that the company is currently undervalued. Our proprietary Valuation Line indicates that the intrinsic value of SOLAREDGE TECHNOLOGIES share is around $420.2, however it is currently traded at $239.5, implying a 43.0% discount. This suggests that now is a good time to invest in the company for those looking for undervalued stocks. More…
Peers
In the solar energy industry, there is intense competition between SolarEdge Technologies Inc and its main competitors United Renewable Energy Co Ltd, Folkup Development Inc, and Tainergy Tech Co Ltd. All four companies are striving to be the leading provider of solar energy solutions and each has its own unique strengths and weaknesses. SolarEdge Technologies Inc has a strong focus on innovation and has developed several industry-leading products, while United Renewable Energy Co Ltd has a large customer base and a strong financial position. Folkup Development Inc has a strong research and development team, while Tainergy Tech Co Ltd has a large manufacturing capacity.
– United Renewable Energy Co Ltd ($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 has seen tremendous growth in its financials for the second quarter of FY2023, with total revenue increasing by 36.2% to USD 991.3 million and net income more than doubling to USD 119.5 million, compared to the same period last year. Investors should consider this attractive growth as the company is well-positioned to capitalize on the increasing demand for sustainable energy solutions. With strong fundamentals and well-diversified product segments, SolarEdge Technologies is a worthwhile investment opportunity.
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