Array Technologies, Inc. (ARRY) vs SolarEdge Technologies, Inc. (SEDG)

Array Technologies, Inc. and SolarEdge Technologies, Inc. are both Solar companies. SolarEdge Technologies, Inc. is the larger, with a market value of $2.0B against $613.0M — 3.2× the size. SolarEdge Technologies, Inc. grew revenue faster over the last twelve months: 41.7% against 1.18%. Array Technologies, Inc. has the higher net margin (−12.5% vs −20.3%) and the higher return on invested capital (−25.6% vs −59.6%). Across the 18 metrics below, Array Technologies, Inc. leads on 14 and SolarEdge Technologies, Inc. on 4.

Valuation

Metric ARRY SEDG Solar median
P/E n/m n/m 10.93
P/S 0.52 1.50 0.54
P/B n/m 4.84 1.44
Price to free cash flow 4.60 18.48 9.91
EV/EBITDA 9.40 n/m 9.90
EV/Sales 0.83 1.57 0.74
Earnings yield (24.32%) (13.77%) 0.00%
Free cash flow yield 21.73% 5.41% 0.00%

Profitability

Metric ARRY SEDG Solar median
Gross margin 24.27% 23.27% 31.92%
Operating margin (5.13%) (11.60%) (9.70%)
Net margin (12.48%) (20.29%) (8.48%)
Free cash flow margin 11.37% 8.85% (2.95%)
Return on equity 108.38% (58.42%) 5.34%
Return on assets (9.62%) (11.28%) (5.36%)
Return on invested capital (25.60%) (59.63%) (5.27%)

Growth

Metric ARRY SEDG Solar median
Revenue growth (TTM) 1.18% 41.65% 16.97%
EPS growth (last fiscal year) 62.56% 78.26% —
Revenue growth, 5-year CAGR 8.03% (4.09%) 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ARRY SEDG Solar median
Debt to equity (3.25) 0.85 0.09
Current ratio 2.20 2.03 1.33
Net debt to EBITDA 3.36 0.84 0.03

Dividend

Metric ARRY SEDG Solar median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric ARRY SEDG Solar median
Market cap 612.95m 1.98b 43.46m

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