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 58 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of E0P get a neutral evaluation. Nothing too spectacular is happening here. E0P is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year E0P was profitable.
In the past year E0P had a positive cash flow from operations.
In the past 5 years E0P has always been profitable.
E0P had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
E0P has a Return On Assets of 3.16%. This is in the lower half of the industry: E0P underperforms 72.41% of its industry peers.
E0P has a Return On Equity (12.32%) which is in line with its industry peers.
E0P's Return On Invested Capital of 2.99% is on the low side compared to the rest of the industry. E0P is outperformed by 74.14% of its industry peers.
The Average Return On Invested Capital over the past 3 years for E0P is significantly below the industry average of 16.14%.
The 3 year average ROIC (10.89%) for E0P is well above the current ROIC(2.99%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 12.32% | ||
| ROIC | 2.99% |
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 (7.72%) is worse than 68.97% of its industry peers.
E0P's Profit Margin has declined in the last couple of years.
The Operating Margin of E0P (6.80%) is worse than 82.76% of its industry peers.
In the last couple of years the Operating Margin of E0P has declined.
Looking at the Gross Margin, with a value of 47.29%, E0P is in line with its industry, outperforming 51.72% of the companies in the same industry.
In the last couple of years the Gross Margin of E0P has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.8% | ||
| PM (TTM) | 7.72% | ||
| GM | 47.29% |
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.
E0P has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, E0P has a worse debt to assets ratio.
2.2 Solvency
E0P has an Altman-Z score of 3.05. This indicates that E0P is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of E0P (3.05) is worse than 68.97% of its industry peers.
The Debt to FCF ratio of E0P is 2.71, which is a good value as it means it would take E0P, 2.71 years of fcf income to pay off all of its debts.
E0P's Debt to FCF ratio of 2.71 is fine compared to the rest of the industry. E0P outperforms 65.52% of its industry peers.
A Debt/Equity ratio of 1.44 is on the high side and indicates that E0P has dependencies on debt financing.
With a Debt to Equity ratio value of 1.44, E0P is not doing good in the industry: 89.66% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 3.05 |
ROIC/WACC0.29
WACC10.44%
2.3 Liquidity
A Current Ratio of 3.53 indicates that E0P has no problem at all paying its short term obligations.
E0P's Current ratio of 3.53 is fine compared to the rest of the industry. E0P outperforms 74.14% of its industry peers.
A Quick Ratio of 3.28 indicates that E0P has no problem at all paying its short term obligations.
E0P has a better Quick ratio (3.28) than 86.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.53 | ||
| Quick Ratio | 3.28 |
3. Growth
3.1 Past
The earnings per share for E0P have decreased strongly by -46.14% in the last year.
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 -41.92% in the last year.
E0P shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.34% yearly.
EPS 1Y (TTM)-46.14%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%74.07%
Revenue 1Y (TTM)-41.92%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%26.49%
3.2 Future
The Earnings Per Share is expected to grow by 27.83% on average over the next years. This is a very strong growth
Based on estimates for the next years, E0P will show a quite strong growth in Revenue. The Revenue will grow by 18.90% on average per year.
EPS Next Y42.5%
EPS Next 2Y31.63%
EPS Next 3Y27.3%
EPS Next 5Y27.83%
Revenue Next Year17.06%
Revenue Next 2Y16.29%
Revenue Next 3Y16.36%
Revenue Next 5Y18.9%
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 accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 26.20, which means the current valuation is very expensive for E0P.
Compared to the rest of the industry, the Price/Earnings ratio of E0P is on the same level as its industry peers.
E0P is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 18.36, the valuation of E0P can be described as rather expensive.
E0P's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.10. E0P is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 18.36 |
4.2 Price Multiples
E0P's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. E0P is more expensive than 87.93% of the companies in the same industry.
86.21% of the companies in the same industry are more expensive than E0P, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.11 | ||
| EV/EBITDA | 38.64 |
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.
E0P's earnings are expected to grow with 27.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.62
PEG (5Y)1.31
EPS Next 2Y31.63%
EPS Next 3Y27.3%
5. Dividend
5.1 Amount
No dividends for E0P!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:E0P (3/7/2025, 7:00:00 PM)
57.11
+3.83 (+7.19%)
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 Cap7.57B
Analysts68.44
Price Target79.6 (39.38%)
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)5.23%
Min EPS beat(2)-16.87%
Max EPS beat(2)27.34%
EPS beat(4)1
Avg EPS beat(4)-3.08%
Min EPS beat(4)-16.87%
Max EPS beat(4)27.34%
EPS beat(8)3
Avg EPS beat(8)1.06%
EPS beat(12)7
Avg EPS beat(12)6.86%
EPS beat(16)11
Avg EPS beat(16)10.76%
Revenue beat(2)0
Avg Revenue beat(2)-2.7%
Min Revenue beat(2)-4.77%
Max Revenue beat(2)-0.64%
Revenue beat(4)0
Avg Revenue beat(4)-4.28%
Min Revenue beat(4)-7.72%
Max Revenue beat(4)-0.64%
Revenue beat(8)0
Avg Revenue beat(8)-4.69%
Revenue beat(12)4
Avg Revenue beat(12)-2.72%
Revenue beat(16)7
Avg Revenue beat(16)-1.85%
PT rev (1m)-5.44%
PT rev (3m)-17.53%
EPS NQ rev (1m)10.57%
EPS NQ rev (3m)-2.43%
EPS NY rev (1m)-5.13%
EPS NY rev (3m)-9.87%
Revenue NQ rev (1m)6.28%
Revenue NQ rev (3m)-2.5%
Revenue NY rev (1m)-5.82%
Revenue NY rev (3m)-10.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 18.36 | ||
| P/S | 6.17 | ||
| P/FCF | 17.11 | ||
| P/OCF | 15.99 | ||
| P/B | 9.86 | ||
| P/tB | 14.18 | ||
| EV/EBITDA | 38.64 |
EPS(TTM)2.18
EY3.82%
EPS(NY)3.11
Fwd EY5.45%
FCF(TTM)3.34
FCFY5.84%
OCF(TTM)3.57
OCFY6.25%
SpS9.25
BVpS5.79
TBVpS4.03
PEG (NY)0.62
PEG (5Y)1.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.16% | ||
| ROE | 12.32% | ||
| ROCE | 3.49% | ||
| ROIC | 2.99% | ||
| ROICexc | 8% | ||
| ROICexgc | 10.84% | ||
| OM | 6.8% | ||
| PM (TTM) | 7.72% | ||
| GM | 47.29% | ||
| FCFM | 36.09% |
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 Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 6.99 | ||
| Cap/Depr | 41.29% | ||
| Cap/Sales | 2.53% | ||
| Interest Coverage | 354.69 | ||
| Cash Conversion | 298.95% | ||
| Profit Quality | 467.66% | ||
| Current Ratio | 3.53 | ||
| Quick Ratio | 3.28 | ||
| Altman-Z | 3.05 |
F-Score6
WACC10.44%
ROIC/WACC0.29
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)-46.14%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%74.07%
EPS Next Y42.5%
EPS Next 2Y31.63%
EPS Next 3Y27.3%
EPS Next 5Y27.83%
Revenue 1Y (TTM)-41.92%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%26.49%
Revenue Next Year17.06%
Revenue Next 2Y16.29%
Revenue Next 3Y16.36%
Revenue Next 5Y18.9%
EBIT growth 1Y-80.4%
EBIT growth 3Y-25.72%
EBIT growth 5Y-3%
EBIT Next Year97.36%
EBIT Next 3Y43.66%
EBIT Next 5Y36.14%
FCF growth 1Y-18.13%
FCF growth 3Y17.03%
FCF growth 5Y31.03%
OCF growth 1Y-26.28%
OCF growth 3Y13.43%
OCF growth 5Y29.86%