ENPHASE ENERGY INC (E0P.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:E0P • US29355A1079

40.44 EUR
-2.72 (-6.3%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

4

E0P gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 63 industry peers in the Semiconductors & Semiconductor Equipment industry. There are concerns on the financial health of E0P while its profitability can be described as average. E0P 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

  • In the past year E0P was profitable.
  • E0P had a positive operating cash flow in the past year.
  • Each year in the past 5 years E0P has been profitable.
  • In the past 5 years E0P always reported a positive cash flow from operatings.
E0P.DE Yearly Net Income VS EBIT VS OCF VS FCFE0P.DE 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

  • With a Return On Assets value of 5.89%, E0P perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
  • The Return On Equity of E0P (19.66%) is better than 60.32% of its industry peers.
  • With a Return On Invested Capital value of 8.61%, E0P perfoms like the industry average, outperforming 49.21% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for E0P is below the industry average of 15.01%.
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%
E0P.DE Yearly ROA, ROE, ROICE0P.DE 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

  • E0P has a Profit Margin (12.93%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of E0P has declined.
  • The Operating Margin of E0P (14.31%) is comparable to the rest of the industry.
  • E0P's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 49.11%, E0P perfoms like the industry average, outperforming 50.79% of the companies in the same industry.
  • E0P'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%
E0P.DE Yearly Profit, Operating, Gross MarginsE0P.DE 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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3

2. Health

2.1 Basic Checks

  • E0P has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • E0P has less shares outstanding than it did 1 year ago.
  • E0P has more shares outstanding than it did 5 years ago.
  • E0P has a worse debt/assets ratio than last year.
E0P.DE Yearly Shares OutstandingE0P.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
E0P.DE Yearly Total Debt VS Total AssetsE0P.DE 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 2.62 indicates that E0P 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 2.62, E0P is doing worse than 74.60% of the companies in the same industry.
  • The Debt to FCF ratio of E0P is 5.54, which is a neutral value as it means it would take E0P, 5.54 years of fcf income to pay off all of its debts.
  • E0P has a worse Debt to FCF ratio (5.54) than 63.49% of its industry peers.
  • E0P has a Debt/Equity ratio of 0.57. This is a neutral value indicating E0P is somewhat dependend on debt financing.
  • E0P has a Debt to Equity ratio of 0.57. This is in the lower half of the industry: E0P underperforms 77.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 5.54
Altman-Z 2.62
ROIC/WACC0.87
WACC9.89%
E0P.DE Yearly LT Debt VS Equity VS FCFE0P.DE 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

  • E0P has a Current Ratio of 2.04. This indicates that E0P is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of E0P (2.04) is worse than 65.08% of its industry peers.
  • A Quick Ratio of 1.88 indicates that E0P should not have too much problems paying its short term obligations.
  • E0P's Quick ratio of 1.88 is fine compared to the rest of the industry. E0P outperforms 68.25% of its industry peers.
Industry RankSector Rank
Current Ratio 2.04
Quick Ratio 1.88
E0P.DE Yearly Current Assets VS Current LiabilitesE0P.DE 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

  • The Earnings Per Share has grown by an impressive 62.94% over the past year.
  • E0P shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.06% yearly.
  • Looking at the last year, E0P shows a very strong growth in Revenue. The Revenue has grown by 20.97%.
  • 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

  • E0P is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.78% yearly.
  • E0P is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.65% yearly.
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.
E0P.DE Yearly Revenue VS EstimatesE0P.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B
E0P.DE Yearly EPS VS EstimatesE0P.DE 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

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.87, E0P is valued correctly.
  • E0P's Price/Earnings ratio is rather cheap when compared to the industry. E0P is cheaper than 90.48% of the companies in the same industry.
  • E0P is valuated rather cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 23.13, which indicates a rather expensive current valuation of E0P.
  • Based on the Price/Forward Earnings ratio, E0P is valued a bit cheaper than the industry average as 65.08% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. E0P is around the same levels.
Industry RankSector Rank
PE 14.87
Fwd PE 23.13
E0P.DE Price Earnings VS Forward Price EarningsE0P.DE 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, E0P is valued a bit cheaper than the industry average as 63.49% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, E0P is valued cheaper than 85.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 28.73
EV/EBITDA 16.46
E0P.DE Per share dataE0P.DE 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)0.82
PEG (5Y)0.74
EPS Next 2Y-6.7%
EPS Next 3Y4.54%

More info and screens

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

0

5. Dividend

5.1 Amount

  • E0P does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ENPHASE ENERGY INC

FRA:E0P (2/5/2026, 7:00:00 PM)

40.44

-2.72 (-6.3%)

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 Cap5.29B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts57.44
Price Target33.63 (-16.84%)
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)0.75%
PT rev (3m)-7.05%
EPS NQ rev (1m)-1.02%
EPS NQ rev (3m)-19.41%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)2.18%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-11.47%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.6%
Valuation
Industry RankSector Rank
PE 14.87
Fwd PE 23.13
P/S 4.13
P/FCF 28.73
P/OCF 24.36
P/B 6.27
P/tB 8.29
EV/EBITDA 16.46
EPS(TTM)2.72
EY6.73%
EPS(NY)1.75
Fwd EY4.32%
FCF(TTM)1.41
FCFY3.48%
OCF(TTM)1.66
OCFY4.1%
SpS9.8
BVpS6.44
TBVpS4.88
PEG (NY)0.82
PEG (5Y)0.74
Graham Number19.86
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 2.62
F-Score8
WACC9.89%
ROIC/WACC0.87
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 / E0P.DE FAQ

Can you provide the ChartMill fundamental rating for ENPHASE ENERGY INC?

ChartMill assigns a fundamental rating of 4 / 10 to E0P.DE.


What is the valuation status of ENPHASE ENERGY INC (E0P.DE) stock?

ChartMill assigns a valuation rating of 5 / 10 to ENPHASE ENERGY INC (E0P.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for ENPHASE ENERGY INC?

ENPHASE ENERGY INC (E0P.DE) 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 (E0P.DE) is 14.87 and the Price/Book (PB) ratio is 6.27.


What is the expected EPS growth for ENPHASE ENERGY INC (E0P.DE) stock?

The Earnings per Share (EPS) of ENPHASE ENERGY INC (E0P.DE) is expected to grow by 18.22% in the next year.