ENPHASE ENERGY INC (E0P.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:E0P - US29355A1079 - Common Stock
33.135 EUR
-1.1 (-3.21%)
Taking everything into account, E0P scores 4 out of 10 in our fundamental rating. E0P was compared to 69 industry peers in the Semiconductors & Semiconductor Equipment industry. While E0P is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
- In the past 5 years E0P has always been profitable.
- In the past 5 years E0P always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 5.89%, E0P perfoms like the industry average, outperforming 46.38% of the companies in the same industry.
- E0P has a Return On Equity of 19.66%. This is in the better half of the industry: E0P outperforms 60.87% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 8.61%, E0P is in line with its industry, outperforming 49.28% 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 14.31%.
| 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
- Looking at the Profit Margin, with a value of 12.93%, E0P is in line with its industry, outperforming 50.72% of the companies in the same industry.
- E0P's Profit Margin has declined in the last couple of years.
- E0P has a Operating Margin of 14.31%. This is comparable to the rest of the industry: E0P outperforms 40.58% of its industry peers.
- E0P's Operating Margin has declined in the last couple of years.
- E0P has a Gross Margin (49.11%) 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 | 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
- 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.
- The number of shares outstanding for E0P has been increased compared to 5 years ago.
- E0P has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.33 indicates that E0P is not a great score, but indicates only limited risk for bankruptcy at the moment.
- E0P has a Altman-Z score of 2.33. This is in the lower half of the industry: E0P underperforms 76.81% of its industry peers.
- 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.
- Looking at the Debt to FCF ratio, with a value of 5.54, E0P is doing worse than 62.32% of the companies in the same industry.
- A Debt/Equity ratio of 0.57 indicates that 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 78.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2.33 |
ROIC/WACC0.88
WACC9.73%
2.3 Liquidity
- A Current Ratio of 2.04 indicates that E0P has no problem at all paying its short term obligations.
- The Current ratio of E0P (2.04) is worse than 66.67% of its industry peers.
- E0P has a Quick Ratio of 1.88. 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 better Quick ratio (1.88) than 63.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.88 |
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.
- Based on estimates for the next years, E0P 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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 12.23, which indicates a correct valuation of E0P.
- E0P's Price/Earnings ratio is rather cheap when compared to the industry. E0P is cheaper than 98.55% of the companies in the same industry.
- E0P's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.25.
- E0P is valuated rather expensively with a Price/Forward Earnings ratio of 19.01.
- E0P's Price/Forward Earnings ratio is rather cheap when compared to the industry. E0P is cheaper than 82.61% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, E0P is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.23 | ||
| Fwd PE | 19.01 |
4.2 Price Multiples
- E0P's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. E0P is cheaper than 75.36% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, E0P is valued cheaper than 91.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.62 | ||
| EV/EBITDA | 12.72 |
4.3 Compensation for Growth
- E0P's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.67
PEG (5Y)0.61
EPS Next 2Y-6.7%
EPS Next 3Y4.54%
5. Dividend
5.1 Amount
- No dividends for E0P!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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 6 / 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 12.23 and the Price/Book (PB) ratio is 5.16.
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.