ENPHASE ENERGY INC (1ENPH.MI) Stock Fundamental Analysis

BIT:1ENPH • US29355A1079

37.34 EUR
+6.28 (+20.22%)
Last: Feb 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

1ENPH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 66 industry peers in the Semiconductors & Semiconductor Equipment industry. 1ENPH has a medium profitability rating, but doesn't score so well on its financial health evaluation. 1ENPH is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • 1ENPH had positive earnings in the past year.
  • In the past year 1ENPH had a positive cash flow from operations.
  • In the past 5 years 1ENPH has always 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

  • Looking at the Return On Assets, with a value of 5.89%, 1ENPH is in line with its industry, outperforming 48.48% of the companies in the same industry.
  • With a Return On Equity value of 19.66%, 1ENPH perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
  • 1ENPH has a Return On Invested Capital (8.61%) which is in line with 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 14.33%.
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 (12.93%) which is in line with its industry peers.
  • 1ENPH's Profit Margin has declined in the last couple of years.
  • 1ENPH has a Operating Margin of 14.31%. This is comparable to the rest of the industry: 1ENPH outperforms 43.94% of its industry peers.
  • 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.
  • In the last couple of years the Gross Margin of 1ENPH has grown nicely.
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. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 1ENPH is still 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 2.50 indicates that 1ENPH is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.50, 1ENPH is doing worse than 65.15% of the companies in the same industry.
  • The Debt to FCF ratio of 1ENPH is 5.54, which is a neutral value as it means it would take 1ENPH, 5.54 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of 1ENPH (5.54) is worse than 60.61% of its industry peers.
  • A Debt/Equity ratio of 0.57 indicates that 1ENPH is somewhat dependend on debt financing.
  • The Debt to Equity ratio of 1ENPH (0.57) is worse than 77.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 5.54
Altman-Z 2.5
ROIC/WACC0.88
WACC9.75%
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.
  • 1ENPH has a worse Current ratio (2.04) than 65.15% of its industry peers.
  • A Quick Ratio of 1.88 indicates that 1ENPH should not have too much problems paying its short term obligations.
  • 1ENPH has a Quick ratio of 1.88. This is in the better half of the industry: 1ENPH outperforms 65.15% of its industry peers.
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. Growth

3.1 Past

  • 1ENPH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.94%, which is quite impressive.
  • The Earnings Per Share has been growing by 20.06% on average over the past years. This is a very strong growth
  • Looking at the last year, 1ENPH shows a very strong growth in Revenue. The Revenue has grown by 20.97%.
  • Measured over the past years, 1ENPH shows a quite strong growth in Revenue. The Revenue has been growing by 16.34% on average per year.
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

  • The Earnings Per Share is expected to grow by 7.78% on average over the next years.
  • The Revenue is expected to grow by 2.65% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.78 indicates a correct valuation of 1ENPH.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1ENPH indicates a rather cheap valuation: 1ENPH is cheaper than 95.45% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.09, 1ENPH is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 21.44, the valuation of 1ENPH can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 1ENPH indicates a somewhat cheap valuation: 1ENPH is cheaper than 77.27% of the companies listed in the same industry.
  • 1ENPH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.98, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.78
Fwd PE 21.44
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

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1ENPH is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, 1ENPH is valued cheaply inside the industry as 87.88% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 26.64
EV/EBITDA 14.92
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

  • 1ENPH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.76
PEG (5Y)0.69
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. Dividend

5.1 Amount

  • No dividends for 1ENPH!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ENPHASE ENERGY INC

BIT:1ENPH (2/12/2026, 7:00:00 PM)

37.34

+6.28 (+20.22%)

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 Cap4.89B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts57.44
Price Target33.28 (-10.87%)
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 13.78
Fwd PE 21.44
P/S 3.83
P/FCF 26.64
P/OCF 22.59
P/B 5.82
P/tB 7.68
EV/EBITDA 14.92
EPS(TTM)2.71
EY7.26%
EPS(NY)1.74
Fwd EY4.66%
FCF(TTM)1.4
FCFY3.75%
OCF(TTM)1.65
OCFY4.43%
SpS9.76
BVpS6.42
TBVpS4.86
PEG (NY)0.76
PEG (5Y)0.69
Graham Number19.78
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 2.5
F-Score8
WACC9.75%
ROIC/WACC0.88
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 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 6 / 10 to ENPHASE ENERGY INC (1ENPH.MI). This can be considered as Fairly Valued.


How profitable is ENPHASE ENERGY INC (1ENPH.MI) stock?

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


Can you provide the PE and PB ratios for 1ENPH stock?

The Price/Earnings (PE) ratio for ENPHASE ENERGY INC (1ENPH.MI) is 13.78 and the Price/Book (PB) ratio is 5.82.


Can you provide the expected EPS growth for 1ENPH stock?

The Earnings per Share (EPS) of ENPHASE ENERGY INC (1ENPH.MI) is expected to grow by 18.22% in the next year.