Intrinsic value of SolarEdge Technologies - SEDG

Previous Close

$36.90

  Intrinsic Value

$24.69

stock screener

  Rating & Target

sell

-33%

Previous close

$36.90

 
Intrinsic value

$24.69

 
Up/down potential

-33%

 
Rating

sell

We calculate the intrinsic value of SEDG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -51.02
  30.50
  27.95
  25.66
  23.59
  21.73
  20.06
  18.55
  17.20
  15.98
  14.88
  13.89
  13.00
  12.20
  11.48
  10.83
  10.25
  9.73
  9.25
  8.83
  8.44
  8.10
  7.79
  7.51
  7.26
  7.03
  6.83
  6.65
  6.48
  6.33
  6.20
Revenue, $m
  240
  313
  401
  504
  622
  758
  910
  1,078
  1,264
  1,466
  1,684
  1,918
  2,167
  2,431
  2,710
  3,004
  3,312
  3,634
  3,970
  4,321
  4,686
  5,065
  5,460
  5,870
  6,296
  6,739
  7,199
  7,678
  8,175
  8,693
  9,232
Variable operating expenses, $m
 
  265
  339
  426
  526
  641
  769
  912
  1,069
  1,240
  1,424
  1,622
  1,833
  2,057
  2,293
  2,541
  2,802
  3,074
  3,359
  3,655
  3,964
  4,285
  4,619
  4,966
  5,326
  5,701
  6,090
  6,495
  6,916
  7,355
  7,811
Fixed operating expenses, $m
 
  4
  4
  4
  4
  5
  5
  5
  5
  5
  5
  5
  5
  6
  6
  6
  6
  6
  6
  6
  7
  7
  7
  7
  7
  7
  8
  8
  8
  8
  8
Total operating expenses, $m
  207
  269
  343
  430
  530
  646
  774
  917
  1,074
  1,245
  1,429
  1,627
  1,838
  2,063
  2,299
  2,547
  2,808
  3,080
  3,365
  3,661
  3,971
  4,292
  4,626
  4,973
  5,333
  5,708
  6,098
  6,503
  6,924
  7,363
  7,819
Operating income, $m
  33
  44
  58
  73
  91
  112
  135
  161
  190
  221
  254
  290
  328
  369
  412
  457
  504
  554
  605
  659
  715
  773
  834
  897
  962
  1,030
  1,101
  1,175
  1,251
  1,331
  1,413
EBITDA, $m
  36
  48
  63
  80
  99
  122
  147
  175
  206
  239
  275
  314
  355
  399
  446
  495
  546
  599
  655
  713
  774
  837
  902
  971
  1,041
  1,115
  1,191
  1,271
  1,354
  1,440
  1,529
Interest expense (income), $m
  0
  0
  2
  3
  5
  8
  10
  13
  17
  20
  24
  29
  33
  38
  44
  49
  55
  61
  67
  74
  81
  88
  96
  104
  112
  120
  129
  138
  148
  157
  168
Earnings before tax, $m
  31
  44
  56
  70
  86
  104
  125
  148
  173
  200
  230
  261
  295
  331
  368
  408
  449
  493
  538
  585
  634
  685
  738
  793
  851
  910
  972
  1,037
  1,103
  1,173
  1,246
Tax expense, $m
  6
  12
  15
  19
  23
  28
  34
  40
  47
  54
  62
  71
  80
  89
  99
  110
  121
  133
  145
  158
  171
  185
  199
  214
  230
  246
  262
  280
  298
  317
  336
Net income, $m
  25
  32
  41
  51
  63
  76
  91
  108
  126
  146
  168
  191
  215
  241
  269
  298
  328
  360
  393
  427
  463
  500
  539
  579
  621
  664
  710
  757
  806
  856
  909

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  179
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  425
  321
  411
  516
  638
  776
  932
  1,105
  1,295
  1,502
  1,725
  1,965
  2,220
  2,491
  2,777
  3,078
  3,393
  3,723
  4,068
  4,427
  4,801
  5,190
  5,594
  6,014
  6,451
  6,905
  7,376
  7,867
  8,376
  8,907
  9,459
Adjusted assets (=assets-cash), $m
  246
  321
  411
  516
  638
  776
  932
  1,105
  1,295
  1,502
  1,725
  1,965
  2,220
  2,491
  2,777
  3,078
  3,393
  3,723
  4,068
  4,427
  4,801
  5,190
  5,594
  6,014
  6,451
  6,905
  7,376
  7,867
  8,376
  8,907
  9,459
Revenue / Adjusted assets
  0.976
  0.975
  0.976
  0.977
  0.975
  0.977
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
  0.976
Average production assets, $m
  33
  43
  55
  69
  86
  105
  126
  149
  174
  202
  232
  265
  299
  336
  374
  415
  457
  501
  548
  596
  647
  699
  753
  810
  869
  930
  993
  1,060
  1,128
  1,200
  1,274
Working capital, $m
  270
  119
  152
  191
  236
  287
  345
  409
  479
  555
  638
  727
  821
  921
  1,027
  1,139
  1,255
  1,377
  1,505
  1,638
  1,776
  1,920
  2,069
  2,225
  2,386
  2,554
  2,728
  2,910
  3,098
  3,295
  3,499
Total debt, $m
  2
  43
  93
  151
  219
  295
  381
  477
  582
  696
  820
  952
  1,094
  1,244
  1,402
  1,568
  1,743
  1,925
  2,116
  2,314
  2,521
  2,736
  2,959
  3,192
  3,433
  3,684
  3,945
  4,216
  4,498
  4,792
  5,097
Total liabilities, $m
  136
  177
  227
  285
  353
  429
  515
  611
  716
  830
  954
  1,086
  1,228
  1,378
  1,536
  1,702
  1,877
  2,059
  2,250
  2,448
  2,655
  2,870
  3,093
  3,326
  3,567
  3,818
  4,079
  4,350
  4,632
  4,926
  5,231
Total equity, $m
  289
  143
  184
  231
  285
  347
  417
  494
  579
  671
  771
  878
  992
  1,113
  1,241
  1,376
  1,517
  1,664
  1,818
  1,979
  2,146
  2,320
  2,501
  2,688
  2,884
  3,086
  3,297
  3,516
  3,744
  3,981
  4,228
Total liabilities and equity, $m
  425
  320
  411
  516
  638
  776
  932
  1,105
  1,295
  1,501
  1,725
  1,964
  2,220
  2,491
  2,777
  3,078
  3,394
  3,723
  4,068
  4,427
  4,801
  5,190
  5,594
  6,014
  6,451
  6,904
  7,376
  7,866
  8,376
  8,907
  9,459
Debt-to-equity ratio
  0.007
  0.300
  0.510
  0.660
  0.770
  0.850
  0.920
  0.970
  1.010
  1.040
  1.060
  1.080
  1.100
  1.120
  1.130
  1.140
  1.150
  1.160
  1.160
  1.170
  1.170
  1.180
  1.180
  1.190
  1.190
  1.190
  1.200
  1.200
  1.200
  1.200
  1.210
Adjusted equity ratio
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  25
  32
  41
  51
  63
  76
  91
  108
  126
  146
  168
  191
  215
  241
  269
  298
  328
  360
  393
  427
  463
  500
  539
  579
  621
  664
  710
  757
  806
  856
  909
Depreciation, amort., depletion, $m
  3
  4
  5
  6
  8
  10
  11
  14
  16
  18
  21
  24
  27
  31
  34
  38
  42
  46
  50
  54
  59
  64
  68
  74
  79
  85
  90
  96
  103
  109
  116
Funds from operations, $m
  59
  36
  46
  57
  71
  86
  103
  122
  142
  165
  189
  215
  243
  272
  303
  335
  369
  405
  442
  481
  522
  564
  607
  653
  700
  749
  800
  853
  908
  965
  1,025
Change in working capital, $m
  10
  28
  33
  39
  45
  51
  58
  64
  70
  77
  83
  89
  94
  100
  106
  111
  117
  122
  127
  133
  138
  144
  150
  155
  162
  168
  174
  181
  189
  196
  204
Cash from operations, $m
  49
  8
  13
  18
  26
  35
  45
  58
  72
  88
  106
  126
  148
  172
  197
  224
  253
  283
  315
  348
  383
  420
  458
  497
  538
  581
  626
  672
  719
  769
  821
Maintenance CAPEX, $m
  0
  -3
  -4
  -5
  -6
  -8
  -10
  -11
  -14
  -16
  -18
  -21
  -24
  -27
  -31
  -34
  -38
  -42
  -46
  -50
  -54
  -59
  -64
  -68
  -74
  -79
  -85
  -90
  -96
  -103
  -109
New CAPEX, $m
  -12
  -10
  -12
  -14
  -16
  -19
  -21
  -23
  -26
  -28
  -30
  -32
  -34
  -36
  -39
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -54
  -57
  -59
  -61
  -64
  -66
  -69
  -71
  -74
Cash from investing activities, $m
  -20
  -13
  -16
  -19
  -22
  -27
  -31
  -34
  -40
  -44
  -48
  -53
  -58
  -63
  -70
  -75
  -80
  -86
  -92
  -98
  -104
  -111
  -118
  -125
  -133
  -140
  -149
  -156
  -165
  -174
  -183
Free cash flow, $m
  29
  -5
  -3
  -1
  3
  8
  15
  23
  33
  44
  58
  73
  90
  108
  128
  150
  173
  197
  223
  250
  279
  309
  340
  372
  406
  441
  477
  515
  554
  595
  637
Issuance/(repayment) of debt, $m
  0
  41
  50
  58
  67
  77
  86
  96
  105
  114
  124
  133
  141
  150
  158
  166
  174
  182
  191
  199
  207
  215
  224
  232
  241
  251
  261
  271
  282
  293
  305
Issuance/(repurchase) of shares, $m
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1
  42
  50
  58
  67
  77
  86
  96
  105
  114
  124
  133
  141
  150
  158
  166
  174
  182
  191
  199
  207
  215
  224
  232
  241
  251
  261
  271
  282
  293
  305
Total cash flow (excl. dividends), $m
  31
  38
  46
  57
  70
  85
  101
  118
  138
  159
  181
  205
  231
  258
  286
  316
  347
  380
  413
  449
  486
  524
  563
  605
  647
  692
  738
  786
  836
  889
  943
Retained Cash Flow (-), $m
  -33
  -33
  -40
  -47
  -54
  -62
  -70
  -77
  -85
  -92
  -100
  -107
  -114
  -121
  -128
  -134
  -141
  -148
  -154
  -161
  -167
  -174
  -181
  -188
  -195
  -203
  -211
  -219
  -228
  -237
  -247
Prev. year cash balance distribution, $m
 
  179
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  183
  6
  10
  16
  23
  31
  41
  53
  66
  81
  98
  117
  137
  158
  181
  206
  232
  259
  288
  318
  350
  383
  417
  452
  489
  527
  567
  609
  651
  696
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  176
  6
  9
  13
  18
  23
  28
  33
  38
  43
  47
  50
  52
  53
  53
  52
  50
  48
  44
  40
  36
  32
  27
  23
  19
  15
  12
  9
  7
  5
Current shareholders' claim on cash, %
  100
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8
  99.8

SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system.

FINANCIAL RATIOS  of  SolarEdge Technologies (SEDG)

Valuation Ratios
P/E Ratio 60.9
Price to Sales 6.3
Price to Book 5.3
Price to Tangible Book
Price to Cash Flow 31.1
Price to Free Cash Flow 41.1
Growth Rates
Sales Growth Rate -51%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -25%
Cap. Spend. - 3 Yr. Gr. Rate 32%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0.7%
Total Debt to Equity 0.7%
Interest Coverage 0
Management Effectiveness
Return On Assets 6.1%
Ret/ On Assets - 3 Yr. Avg. 13.2%
Return On Total Capital 9.1%
Ret/ On T. Cap. - 3 Yr. Avg. 23.3%
Return On Equity 9.2%
Return On Equity - 3 Yr. Avg. 24.7%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 33.8%
Gross Margin - 3 Yr. Avg. 30%
EBITDA Margin 14.2%
EBITDA Margin - 3 Yr. Avg. 12.6%
Operating Margin 13.8%
Oper. Margin - 3 Yr. Avg. 12.4%
Pre-Tax Margin 12.9%
Pre-Tax Margin - 3 Yr. Avg. 11.6%
Net Profit Margin 10.4%
Net Profit Margin - 3 Yr. Avg. 10.9%
Effective Tax Rate 19.4%
Eff/ Tax Rate - 3 Yr. Avg. 7%
Payout Ratio 0%

SEDG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SEDG stock intrinsic value calculation we used $240 million for the last fiscal year's total revenue generated by SolarEdge Technologies. The default revenue input number comes from 2016 income statement of SolarEdge Technologies. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SEDG stock valuation model: a) initial revenue growth rate of 30.5% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for SEDG is calculated based on our internal credit rating of SolarEdge Technologies, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of SolarEdge Technologies.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SEDG stock the variable cost ratio is equal to 84.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $4 million in the base year in the intrinsic value calculation for SEDG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for SolarEdge Technologies.

Corporate tax rate of 27% is the nominal tax rate for SolarEdge Technologies. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SEDG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SEDG are equal to 13.8%.

Life of production assets of 11 years is the average useful life of capital assets used in SolarEdge Technologies operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SEDG is equal to 37.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $289 million for SolarEdge Technologies - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 43.409 million for SolarEdge Technologies is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of SolarEdge Technologies at the current share price and the inputted number of shares is $1.6 billion.

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COMPANY NEWS

▶ SolarEdge Soars On Earnings Beat As SunPower Results Smack Stock   [Feb-15-18 04:43PM  Investor's Business Daily]
▶ SolarEdge beats Street 4Q forecasts   [Feb-14-18 05:38PM  Associated Press]
▶ SolarEdge Soars As It Beats On Earnings; SunPower Results Miss   [05:13PM  Investor's Business Daily]
▶ SolarEdge, SunPower Set To Report Earnings As Industry Struggles   [Feb-13-18 04:21PM  Investor's Business Daily]
▶ 3 Solar Stocks to Buy On Trump Tariff   [Jan-23-18 01:32PM  Zacks]
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▶ Forget Facebook: Here Are 3 Better Growth Stocks   [Dec-23-17 06:00PM  Motley Fool]
▶ 3 Growth Stocks to Buy for 2018   [Dec-20-17 06:34AM  Motley Fool]
▶ First Solar Gets Top Rating With Industry At Inflection Point   [Dec-11-17 04:20PM  Investor's Business Daily]
▶ Kensho's Cleantech Index   [10:43AM  CNBC Videos]
▶ 7 Strong Buy Disruptive Stocks You Should Track Now   [Dec-08-17 01:21PM  InvestorPlace]
▶ Solaredge Technologies Sees Its Composite Rating Rise To 96   [03:00AM  Investor's Business Daily]
▶ 3 Stocks That Look Just Like eBay in 1998   [Dec-03-17 07:42PM  Motley Fool]
▶ Inverter Chargers Could Be the Future for Solar Energy   [Nov-29-17 02:03PM  Motley Fool]
▶ 4 Leaders in Solar Battery Storage   [08:30AM  Motley Fool]
▶ 3 Top Stocks in Solar Energy   [Nov-28-17 08:30AM  Motley Fool]
▶ 3 Stocks That Have Doubled and Still Have Room to Grow   [Nov-21-17 08:22AM  Motley Fool]
▶ Company News For Nov 10, 2017   [10:00AM  Zacks]
▶ SolarEdge beats Street 3Q forecasts   [Nov-08-17 05:43PM  Associated Press]
▶ Chart Patterns Suggest Solar Stocks Are About to Shine   [Oct-04-17 08:49AM  Investopedia]
▶ Industry Group Action Can Guide Sells As Well As Buys   [Sep-22-17 03:11PM  Investor's Business Daily]
▶ LG Taps SolarEdge for New Generation of Solar Modules   [Sep-14-17 07:46AM  Motley Fool]
▶ 3 Questions for SolarEdge Technologies   [Sep-07-17 08:10AM  Motley Fool]
▶ 4 Solar Stocks With Strong Growth Potential   [Aug-31-17 12:30PM  Zacks]
▶ SolarEdge (SEDG) and Teva (TEVA) are Blowouts!   [Aug-10-17 05:43PM  Zacks]
Financial statements of SEDG
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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