ENPHASE ENERGY INC (E0P.DE) Stock Fundamental Analysis
FRA:E0P - Deutsche Boerse Ag - US29355A1079 - Common Stock - Currency: EUR
E0P gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 53 industry peers in the Semiconductors & Semiconductor Equipment industry. E0P has an average financial health and profitability rating. E0P has a correct valuation and a medium growth rate.
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.
Each year in the past 5 years E0P had a positive operating cash flow.
1.2 Ratios
E0P has a Return On Assets (4.78%) which is comparable to the rest of the industry.
The Return On Equity of E0P (18.32%) is better than 71.70% of its industry peers.
With a Return On Invested Capital value of 6.71%, E0P perfoms like the industry average, outperforming 45.28% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for E0P is below the industry average of 15.09%.
The 3 year average ROIC (10.89%) for E0P is well above the current ROIC(6.71%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 18.32% | ||
| ROIC | 6.71% |
ROA(3y)9.67%
ROA(5y)9.44%
ROE(3y)35.03%
ROE(5y)33.31%
ROIC(3y)10.89%
ROIC(5y)13.62%
1.3 Margins
The Profit Margin of E0P (10.43%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of E0P has declined.
E0P has a Operating Margin of 10.73%. This is in the lower half of the industry: E0P underperforms 69.81% of its industry peers.
In the last couple of years the Operating Margin of E0P has declined.
E0P has a Gross Margin (47.91%) which is in line with its industry peers.
In the last couple of years the Gross Margin of E0P has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.73% | ||
| PM (TTM) | 10.43% | ||
| GM | 47.91% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), E0P is creating some value.
Compared to 1 year ago, E0P has less shares outstanding
Compared to 5 years ago, E0P has more shares outstanding
Compared to 1 year ago, E0P has a worse debt to assets ratio.
2.2 Solvency
E0P has an Altman-Z score of 2.19. This is not the best score and indicates that E0P is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of E0P (2.19) is worse than 75.47% of its industry peers.
E0P has a debt to FCF ratio of 2.55. This is a good value and a sign of high solvency as E0P would need 2.55 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.55, E0P is doing good in the industry, outperforming 62.26% of the companies in the same industry.
A Debt/Equity ratio of 0.70 indicates that E0P is somewhat dependend on debt financing.
E0P's Debt to Equity ratio of 0.70 is on the low side compared to the rest of the industry. E0P is outperformed by 79.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 2.55 | ||
| Altman-Z | 2.19 |
ROIC/WACC0.65
WACC10.35%
2.3 Liquidity
A Current Ratio of 1.90 indicates that E0P should not have too much problems paying its short term obligations.
The Current ratio of E0P (1.90) is worse than 67.92% of its industry peers.
E0P has a Quick Ratio of 1.77. This is a normal value and indicates that E0P is financially healthy and should not expect problems in meeting its short term obligations.
E0P has a Quick ratio (1.77) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
E0P shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.12%.
Measured over the past years, E0P shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.06% on average per year.
Looking at the last year, E0P shows a very negative growth in Revenue. The Revenue has decreased by -22.15% in the last year.
The Revenue has been growing by 16.34% on average over the past years. This is quite good.
EPS 1Y (TTM)-20.12%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%94.29%
Revenue 1Y (TTM)-22.15%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%35.22%
3.2 Future
Based on estimates for the next years, E0P will show a very strong growth in Earnings Per Share. The EPS will grow by 21.77% on average per year.
The Revenue is expected to grow by 12.77% on average over the next years. This is quite good.
EPS Next Y4.03%
EPS Next 2Y14.35%
EPS Next 3Y15.92%
EPS Next 5Y21.77%
Revenue Next Year10.12%
Revenue Next 2Y9.89%
Revenue Next 3Y10.94%
Revenue Next 5Y12.77%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.64, E0P is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of E0P indicates a somewhat cheap valuation: E0P is cheaper than 77.36% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.82. E0P is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 12.77 indicates a correct valuation of E0P.
Based on the Price/Forward Earnings ratio, E0P is valued cheaply inside the industry as 83.02% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of E0P to the average of the S&P500 Index (21.76), we can say E0P is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.64 | ||
| Fwd PE | 12.77 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of E0P is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, E0P is valued cheaply inside the industry as 98.11% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11 | ||
| EV/EBITDA | 15.53 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates E0P does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as E0P's earnings are expected to grow with 15.92% in the coming years.
PEG (NY)3.63
PEG (5Y)0.73
EPS Next 2Y14.35%
EPS Next 3Y15.92%
5. Dividend
5.1 Amount
E0P does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:E0P (5/23/2025, 7:00:00 PM)
34.99
+1.2 (+3.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners94.56%
Inst Owner ChangeN/A
Ins Owners3.35%
Ins Owner ChangeN/A
Market Cap4.59B
Analysts65.65
Price Target50.76 (45.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)1
Avg EPS beat(2)11.14%
Min EPS beat(2)-5.07%
Max EPS beat(2)27.34%
EPS beat(4)1
Avg EPS beat(4)-1.54%
Min EPS beat(4)-16.87%
Max EPS beat(4)27.34%
EPS beat(8)2
Avg EPS beat(8)-0.93%
EPS beat(12)6
Avg EPS beat(12)5.08%
EPS beat(16)10
Avg EPS beat(16)9.02%
Revenue beat(2)0
Avg Revenue beat(2)-1.95%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)-0.64%
Revenue beat(4)0
Avg Revenue beat(4)-3.17%
Min Revenue beat(4)-4.77%
Max Revenue beat(4)-0.64%
Revenue beat(8)0
Avg Revenue beat(8)-4.75%
Revenue beat(12)3
Avg Revenue beat(12)-3%
Revenue beat(16)6
Avg Revenue beat(16)-2.13%
PT rev (1m)-29.38%
PT rev (3m)-39.7%
EPS NQ rev (1m)-20.94%
EPS NQ rev (3m)-21.83%
EPS NY rev (1m)-24.01%
EPS NY rev (3m)-27%
Revenue NQ rev (1m)-5.02%
Revenue NQ rev (3m)-5.01%
Revenue NY rev (1m)-5.45%
Revenue NY rev (3m)-11.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.64 | ||
| Fwd PE | 12.77 | ||
| P/S | 3.65 | ||
| P/FCF | 11 | ||
| P/OCF | 10.12 | ||
| P/B | 6.4 | ||
| P/tB | 9.26 | ||
| EV/EBITDA | 15.53 |
EPS(TTM)2.39
EY6.83%
EPS(NY)2.74
Fwd EY7.83%
FCF(TTM)3.18
FCFY9.09%
OCF(TTM)3.46
OCFY9.88%
SpS9.59
BVpS5.46
TBVpS3.78
PEG (NY)3.63
PEG (5Y)0.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.78% | ||
| ROE | 18.32% | ||
| ROCE | 7.84% | ||
| ROIC | 6.71% | ||
| ROICexc | 27.2% | ||
| ROICexgc | 56.72% | ||
| OM | 10.73% | ||
| PM (TTM) | 10.43% | ||
| GM | 47.91% | ||
| FCFM | 33.17% |
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%
ROICexcg growth 3Y-41.75%
ROICexcg 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-Score6
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 2.55 | ||
| Debt/EBITDA | 2.44 | ||
| Cap/Depr | 50.32% | ||
| Cap/Sales | 2.87% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 219.3% | ||
| Profit Quality | 317.92% | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 2.19 |
F-Score6
WACC10.35%
ROIC/WACC0.65
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)-20.12%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%94.29%
EPS Next Y4.03%
EPS Next 2Y14.35%
EPS Next 3Y15.92%
EPS Next 5Y21.77%
Revenue 1Y (TTM)-22.15%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%35.22%
Revenue Next Year10.12%
Revenue Next 2Y9.89%
Revenue Next 3Y10.94%
Revenue Next 5Y12.77%
EBIT growth 1Y-42.56%
EBIT growth 3Y-25.72%
EBIT growth 5Y-3%
EBIT Next Year81.72%
EBIT Next 3Y37.04%
EBIT Next 5Y22.99%
FCF growth 1Y-43.27%
FCF growth 3Y17.03%
FCF growth 5Y31.03%
OCF growth 1Y-42.28%
OCF growth 3Y13.43%
OCF growth 5Y29.86%