Solaredge TECHNOLOGIES, Inc. (SEDG) intrinsic value & 10-year financials
Solaredge TECHNOLOGIES, Inc. (SEDG) has a Graham intrinsic value of $12.68 per share. At $31.36 on Oct 17, 2026, the stock trades 147% above that value. Over the last 10 fiscal years revenue grew 10.3% a year to $1.2B, with an average return on invested capital of -23.6%.
- Graham intrinsic value
- $12.68
- Share price (Oct 17, 2026)
- $31.36
- Price vs Graham value
- 147% above
- Market cap
- $1.8B
- Revenue (FY2025)
- $1.2B
- Revenue growth (10-yr CAGR)
- 10.3%
- ROIC (10-yr avg)
- -23.6%
- Free cash flow (FY2025)
- $80.8M
SEDG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | -$405.4M | -$6.88 | $80.8M | -25.5% | -125.6% |
| FY2024 | $901.5M | -$1.3B | -$31.64 | -$421.5M | -189.5% | -130.7% |
| FY2023 | $3.0B | $34.3M | $0.60 | -$350.6M | 1.4% | 1.1% |
| FY2022 | $3.1B | $93.8M | $1.65 | -$138.1M | 5.3% | 7.5% |
| FY2021 | $2.0B | $169.2M | $3.06 | $64.9M | 10.5% | 31.7% |
| FY2020 | $1.5B | $140.3M | $2.66 | $95.9M | 9.8% | 26.0% |
| FY2019 | $1.4B | $146.5M | $2.90 | $186.4M | 13.3% | 24.9% |
| FY2018 | $937.2M | $128.8M | $2.69 | $150.5M | 14.9% | — |
| FY2017 | $607.0M | $84.2M | $1.85 | $115.3M | 15.0% | — |
| FY2016 | $489.8M | $76.6M | $1.73 | $36.7M | 14.6% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SOLAREDGE TECHNOLOGIES, INC. is a consistent compounder, expanding top-line revenue at 10.3% annually over the past decade.
SOLAREDGE TECHNOLOGIES, INC. has historically struggled to out-earn its cost of capital, averaging just -23.6% ROIC.
SOLAREDGE TECHNOLOGIES, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SOLAREDGE TECHNOLOGIES, INC. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $12.68 per share.