ENPHASE ENERGY INC (ENPH) Stock Fundamental Analysis
USA - NASDAQ:ENPH - US29355A1079 - Common Stock
30.4058 USD
+0.28 (+0.92%)
We assign a fundamental rating of 5 out of 10 to ENPH. ENPH was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of ENPH get a neutral evaluation. Nothing too spectacular is happening here. ENPH may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year ENPH was profitable.
ENPH had a positive operating cash flow in the past year.
In the past 5 years ENPH has always been profitable.
In the past 5 years ENPH always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.89%, ENPH is in the better half of the industry, outperforming 72.32% of the companies in the same industry.
Looking at the Return On Equity, with a value of 19.66%, ENPH belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
The Return On Invested Capital of ENPH (8.61%) is better than 76.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENPH is in line with the industry average of 11.03%.
| Industry Rank | Sector 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%
1.3 Margins
ENPH's Profit Margin of 12.93% is fine compared to the rest of the industry. ENPH outperforms 72.32% of its industry peers.
In the last couple of years the Profit Margin of ENPH has declined.
ENPH has a Operating Margin of 14.31%. This is in the better half of the industry: ENPH outperforms 71.43% of its industry peers.
ENPH's Operating Margin has declined in the last couple of years.
The Gross Margin of ENPH (49.11%) is comparable to the rest of the industry.
ENPH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ENPH is still creating some value.
Compared to 1 year ago, ENPH has less shares outstanding
The number of shares outstanding for ENPH has been increased compared to 5 years ago.
Compared to 1 year ago, ENPH has a worse debt to assets ratio.
2.2 Solvency
ENPH has an Altman-Z score of 2.03. This is not the best score and indicates that ENPH is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.03, ENPH is doing worse than 64.29% of the companies in the same industry.
ENPH has a debt to FCF ratio of 5.54. This is a neutral value as ENPH would need 5.54 years to pay back of all of its debts.
With a Debt to FCF ratio value of 5.54, ENPH perfoms like the industry average, outperforming 58.04% of the companies in the same industry.
ENPH has a Debt/Equity ratio of 0.57. This is a neutral value indicating ENPH is somewhat dependend on debt financing.
ENPH has a Debt to Equity ratio of 0.57. This is in the lower half of the industry: ENPH underperforms 72.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2.03 |
ROIC/WACC0.82
WACC10.46%
2.3 Liquidity
A Current Ratio of 2.04 indicates that ENPH has no problem at all paying its short term obligations.
ENPH has a worse Current ratio (2.04) than 69.64% of its industry peers.
ENPH has a Quick Ratio of 1.88. This is a normal value and indicates that ENPH is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.88, ENPH perfoms like the industry average, outperforming 44.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
ENPH 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, ENPH shows a very strong growth in Revenue. The Revenue has grown by 20.97%.
ENPH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.34% yearly.
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 10.53% on average over the next years. This is quite good.
ENPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.14% yearly.
EPS Next Y15.7%
EPS Next 2Y0.23%
EPS Next 3Y5.55%
EPS Next 5Y10.53%
Revenue Next Year11.08%
Revenue Next 2Y1.32%
Revenue Next 3Y3.52%
Revenue Next 5Y5.14%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ENPH is valuated reasonably with a Price/Earnings ratio of 9.47.
ENPH's Price/Earnings ratio is rather cheap when compared to the industry. ENPH is cheaper than 99.11% of the companies in the same industry.
ENPH is valuated cheaply when we compare the Price/Earnings ratio to 26.19, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.77, which indicates a correct valuation of ENPH.
97.32% of the companies in the same industry are more expensive than ENPH, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ENPH to the average of the S&P500 Index (22.50), we can say ENPH is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.47 | ||
| Fwd PE | 12.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ENPH is valued cheaper than 93.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ENPH is valued cheaply inside the industry as 89.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.3 | ||
| EV/EBITDA | 8.71 |
4.3 Compensation for Growth
ENPH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ENPH may justify a higher PE ratio.
PEG (NY)0.6
PEG (5Y)0.47
EPS Next 2Y0.23%
EPS Next 3Y5.55%
5. Dividend
5.1 Amount
No dividends for ENPH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:ENPH (10/31/2025, 1:30:08 PM)
30.4058
+0.28 (+0.92%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners96.21%
Inst Owner Change-0.87%
Ins Owners3.13%
Ins Owner Change0.18%
Market Cap3.98B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts63.72
Price Target43.28 (42.34%)
Short Float %21.56%
Short Ratio3.53
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)2
Avg EPS beat(2)22.83%
Min EPS beat(2)8.83%
Max EPS beat(2)36.83%
EPS beat(4)3
Avg EPS beat(4)16.98%
Min EPS beat(4)-5.07%
Max EPS beat(4)36.83%
EPS beat(8)3
Avg EPS beat(8)3.02%
EPS beat(12)6
Avg EPS beat(12)5.66%
EPS beat(16)10
Avg EPS beat(16)9.16%
Revenue beat(2)1
Avg Revenue beat(2)4.49%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)10%
Revenue beat(4)1
Avg Revenue beat(4)1.27%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)10%
Revenue beat(8)1
Avg Revenue beat(8)-2.62%
Revenue beat(12)2
Avg Revenue beat(12)-2.6%
Revenue beat(16)6
Avg Revenue beat(16)-1.56%
PT rev (1m)0.27%
PT rev (3m)-15.31%
EPS NQ rev (1m)3.65%
EPS NQ rev (3m)6.02%
EPS NY rev (1m)1.65%
EPS NY rev (3m)9.58%
Revenue NQ rev (1m)0.98%
Revenue NQ rev (3m)0.59%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.47 | ||
| Fwd PE | 12.77 | ||
| P/S | 2.63 | ||
| P/FCF | 18.3 | ||
| P/OCF | 15.51 | ||
| P/B | 4 | ||
| P/tB | 5.28 | ||
| EV/EBITDA | 8.71 |
EPS(TTM)3.21
EY10.56%
EPS(NY)2.38
Fwd EY7.83%
FCF(TTM)1.66
FCFY5.47%
OCF(TTM)1.96
OCFY6.45%
SpS11.57
BVpS7.61
TBVpS5.76
PEG (NY)0.6
PEG (5Y)0.47
Graham Number23.44
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.03 |
F-Score8
WACC10.46%
ROIC/WACC0.82
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 Y15.7%
EPS Next 2Y0.23%
EPS Next 3Y5.55%
EPS Next 5Y10.53%
Revenue 1Y (TTM)20.97%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%7.76%
Revenue Next Year11.08%
Revenue Next 2Y1.32%
Revenue Next 3Y3.52%
Revenue Next 5Y5.14%
EBIT growth 1Y602.21%
EBIT growth 3Y-25.72%
EBIT growth 5Y-3%
EBIT Next Year52.77%
EBIT Next 3Y13.38%
EBIT Next 5Y16.15%
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 / ENPH FAQ
What is the ChartMill fundamental rating of ENPHASE ENERGY INC (ENPH) stock?
ChartMill assigns a fundamental rating of 5 / 10 to ENPH.
Can you provide the valuation status for ENPHASE ENERGY INC?
ChartMill assigns a valuation rating of 8 / 10 to ENPHASE ENERGY INC (ENPH). This can be considered as Undervalued.
What is the profitability of ENPH stock?
ENPHASE ENERGY INC (ENPH) has a profitability rating of 6 / 10.
Can you provide the financial health for ENPH stock?
The financial health rating of ENPHASE ENERGY INC (ENPH) is 4 / 10.