ENPHASE ENERGY INC (1ENPH.MI) Fundamental Analysis & Valuation

BIT:1ENPH • US29355A1079

Current stock price

27.12 EUR
-10.22 (-27.37%)
Last:

This 1ENPH.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. 1ENPH.MI Profitability Analysis

1.1 Basic Checks

  • 1ENPH had positive earnings in the past year.
  • 1ENPH had a positive operating cash flow in the past year.
  • Each year in the past 5 years 1ENPH has been profitable.
  • 1ENPH had a positive operating cash flow in each of the past 5 years.
1ENPH.MI Yearly Net Income VS EBIT VS OCF VS FCF1ENPH.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

1.2 Ratios

  • 1ENPH's Return On Assets of 5.89% is in line compared to the rest of the industry. 1ENPH outperforms 43.66% of its industry peers.
  • 1ENPH's Return On Equity of 19.66% is fine compared to the rest of the industry. 1ENPH outperforms 64.79% of its industry peers.
  • 1ENPH has a Return On Invested Capital of 8.61%. This is comparable to the rest of the industry: 1ENPH outperforms 50.70% of its industry peers.
  • 1ENPH had an Average Return On Invested Capital over the past 3 years of 10.89%. This is below the industry average of 14.74%.
Industry RankSector Rank
ROA 5.89%
ROE 19.66%
ROIC 8.61%
ROA(3y)9.67%
ROA(5y)9.44%
ROE(3y)35.03%
ROE(5y)33.31%
ROIC(3y)10.89%
ROIC(5y)13.62%
1ENPH.MI Yearly ROA, ROE, ROIC1ENPH.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -1K -2K -3K -4K -5K

1.3 Margins

  • 1ENPH has a Profit Margin of 12.93%. This is comparable to the rest of the industry: 1ENPH outperforms 50.70% of its industry peers.
  • 1ENPH's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 14.31%, 1ENPH is in line with its industry, outperforming 47.89% of the companies in the same industry.
  • In the last couple of years the Operating Margin of 1ENPH has declined.
  • The Gross Margin of 1ENPH (49.11%) is comparable to the rest of the industry.
  • 1ENPH's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.31%
PM (TTM) 12.93%
GM 49.11%
OM growth 3Y-24.77%
OM growth 5Y-16.62%
PM growth 3Y-9.82%
PM growth 5Y-21.45%
GM growth 3Y5.64%
GM growth 5Y5.94%
1ENPH.MI Yearly Profit, Operating, Gross Margins1ENPH.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. 1ENPH.MI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), 1ENPH is creating some value.
  • 1ENPH has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, 1ENPH has more shares outstanding
  • Compared to 1 year ago, 1ENPH has a worse debt to assets ratio.
1ENPH.MI Yearly Shares Outstanding1ENPH.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
1ENPH.MI Yearly Total Debt VS Total Assets1ENPH.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 2.08 indicates that 1ENPH is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • 1ENPH has a worse Altman-Z score (2.08) than 81.69% of its industry peers.
  • 1ENPH has a debt to FCF ratio of 5.54. This is a neutral value as 1ENPH would need 5.54 years to pay back of all of its debts.
  • 1ENPH's Debt to FCF ratio of 5.54 is on the low side compared to the rest of the industry. 1ENPH is outperformed by 63.38% of its industry peers.
  • A Debt/Equity ratio of 0.57 indicates that 1ENPH is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.57, 1ENPH is not doing good in the industry: 76.06% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 5.54
Altman-Z 2.08
ROIC/WACC0.84
WACC10.27%
1ENPH.MI Yearly LT Debt VS Equity VS FCF1ENPH.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • 1ENPH has a Current Ratio of 2.04. This indicates that 1ENPH is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of 1ENPH (2.04) is worse than 67.61% of its industry peers.
  • A Quick Ratio of 1.88 indicates that 1ENPH should not have too much problems paying its short term obligations.
  • The Quick ratio of 1ENPH (1.88) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.04
Quick Ratio 1.88
1ENPH.MI Yearly Current Assets VS Current Liabilites1ENPH.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. 1ENPH.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 62.94% over the past year.
  • 1ENPH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.06% yearly.
  • The Revenue has grown by 20.97% in the past year. This is a very strong growth!
  • The Revenue has been growing by 16.34% on average over the past years. This is quite good.
EPS 1Y (TTM)62.94%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%38.46%
Revenue 1Y (TTM)20.97%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%7.76%

3.2 Future

  • 1ENPH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.78% yearly.
  • Based on estimates for the next years, 1ENPH will show a small growth in Revenue. The Revenue will grow by 2.65% on average per year.
EPS Next Y18.22%
EPS Next 2Y-6.7%
EPS Next 3Y4.54%
EPS Next 5Y7.78%
Revenue Next Year10.41%
Revenue Next 2Y-5.23%
Revenue Next 3Y-0.17%
Revenue Next 5Y2.65%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
1ENPH.MI Yearly Revenue VS Estimates1ENPH.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
1ENPH.MI Yearly EPS VS Estimates1ENPH.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 1 -1 2 3 4

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Find the best growth stocksShow best growing peers

8

4. 1ENPH.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.90, the valuation of 1ENPH can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1ENPH indicates a rather cheap valuation: 1ENPH is cheaper than 98.59% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of 1ENPH to the average of the S&P500 Index (26.86), we can say 1ENPH is valued rather cheaply.
  • A Price/Forward Earnings ratio of 15.39 indicates a correct valuation of 1ENPH.
  • 81.69% of the companies in the same industry are more expensive than 1ENPH, based on the Price/Forward Earnings ratio.
  • 1ENPH is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.39, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.9
Fwd PE 15.39
1ENPH.MI Price Earnings VS Forward Price Earnings1ENPH.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1ENPH is valued cheaply inside the industry as 92.96% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1ENPH indicates a rather cheap valuation: 1ENPH is cheaper than 87.32% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 19.13
EV/EBITDA 9.44
1ENPH.MI Per share data1ENPH.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.54
PEG (5Y)0.49
EPS Next 2Y-6.7%
EPS Next 3Y4.54%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. 1ENPH.MI Dividend Analysis

5.1 Amount

  • 1ENPH does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

1ENPH.MI Fundamentals: All Metrics, Ratios and Statistics

ENPHASE ENERGY INC

BIT:1ENPH (4/9/2026, 7:00:00 PM)

27.12

-10.22 (-27.37%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)10-28
Earnings (Next)02-03
Inst Owners95.36%
Inst Owner ChangeN/A
Ins Owners3.12%
Ins Owner ChangeN/A
Market Cap3.55B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts57.44
Price Target33.28 (22.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.55%
Min EPS beat(2)8.83%
Max EPS beat(2)36.27%
EPS beat(4)3
Avg EPS beat(4)16.84%
Min EPS beat(4)-5.07%
Max EPS beat(4)36.27%
EPS beat(8)3
Avg EPS beat(8)2.95%
EPS beat(12)6
Avg EPS beat(12)5.62%
EPS beat(16)10
Avg EPS beat(16)9.13%
Revenue beat(2)1
Avg Revenue beat(2)4.4%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)9.81%
Revenue beat(4)1
Avg Revenue beat(4)1.22%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)9.81%
Revenue beat(8)1
Avg Revenue beat(8)-2.64%
Revenue beat(12)2
Avg Revenue beat(12)-2.62%
Revenue beat(16)6
Avg Revenue beat(16)-1.57%
PT rev (1m)1.21%
PT rev (3m)N/A
EPS NQ rev (1m)-2.66%
EPS NQ rev (3m)-18%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)3.87%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)-10.51%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.53%
Valuation
Industry RankSector Rank
PE 9.9
Fwd PE 15.39
P/S 2.75
P/FCF 19.13
P/OCF 16.22
P/B 4.18
P/tB 5.52
EV/EBITDA 9.44
EPS(TTM)2.74
EY10.1%
EPS(NY)1.76
Fwd EY6.5%
FCF(TTM)1.42
FCFY5.23%
OCF(TTM)1.67
OCFY6.17%
SpS9.87
BVpS6.49
TBVpS4.92
PEG (NY)0.54
PEG (5Y)0.49
Graham Number20.01
Profitability
Industry RankSector Rank
ROA 5.89%
ROE 19.66%
ROCE 10.07%
ROIC 8.61%
ROICexc 27.56%
ROICexgc 43.07%
OM 14.31%
PM (TTM) 12.93%
GM 49.11%
FCFM 14.37%
ROA(3y)9.67%
ROA(5y)9.44%
ROE(3y)35.03%
ROE(5y)33.31%
ROIC(3y)10.89%
ROIC(5y)13.62%
ROICexc(3y)29.55%
ROICexc(5y)N/A
ROICexgc(3y)43.52%
ROICexgc(5y)N/A
ROCE(3y)12.74%
ROCE(5y)15.93%
ROICexgc growth 3Y-41.75%
ROICexgc growth 5Y-24.25%
ROICexc growth 3Y-35.85%
ROICexc growth 5Y-25.26%
OM growth 3Y-24.77%
OM growth 5Y-16.62%
PM growth 3Y-9.82%
PM growth 5Y-21.45%
GM growth 3Y5.64%
GM growth 5Y5.94%
F-Score8
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 5.54
Debt/EBITDA 1.92
Cap/Depr 48.17%
Cap/Sales 2.58%
Interest Coverage 250
Cash Conversion 86.18%
Profit Quality 111.1%
Current Ratio 2.04
Quick Ratio 1.88
Altman-Z 2.08
F-Score8
WACC10.27%
ROIC/WACC0.84
Cap/Depr(3y)89.33%
Cap/Depr(5y)108.77%
Cap/Sales(3y)3.11%
Cap/Sales(5y)3.16%
Profit Quality(3y)259%
Profit Quality(5y)225.8%
High Growth Momentum
Growth
EPS 1Y (TTM)62.94%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%38.46%
EPS Next Y18.22%
EPS Next 2Y-6.7%
EPS Next 3Y4.54%
EPS Next 5Y7.78%
Revenue 1Y (TTM)20.97%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%7.76%
Revenue Next Year10.41%
Revenue Next 2Y-5.23%
Revenue Next 3Y-0.17%
Revenue Next 5Y2.65%
EBIT growth 1Y602.21%
EBIT growth 3Y-25.72%
EBIT growth 5Y-3%
EBIT Next Year61.15%
EBIT Next 3Y12.98%
EBIT Next 5Y12.39%
FCF growth 1Y-73.12%
FCF growth 3Y17.03%
FCF growth 5Y31.03%
OCF growth 1Y-71.99%
OCF growth 3Y13.43%
OCF growth 5Y29.86%

ENPHASE ENERGY INC / 1ENPH.MI Fundamental Analysis FAQ

What is the fundamental rating for 1ENPH stock?

ChartMill assigns a fundamental rating of 4 / 10 to 1ENPH.MI.


What is the valuation status of ENPHASE ENERGY INC (1ENPH.MI) stock?

ChartMill assigns a valuation rating of 7 / 10 to ENPHASE ENERGY INC (1ENPH.MI). This can be considered as Undervalued.


Can you provide the profitability details for ENPHASE ENERGY INC?

ENPHASE ENERGY INC (1ENPH.MI) has a profitability rating of 4 / 10.


What is the valuation of ENPHASE ENERGY INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ENPHASE ENERGY INC (1ENPH.MI) is 9.9 and the Price/Book (PB) ratio is 4.18.