ENPHASE ENERGY INC (E0P.DE) Fundamental Analysis & Valuation

FRA:E0P • US29355A1079

Current stock price

35.175 EUR
-3.27 (-8.49%)
Last:

This E0P.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. E0P.DE Profitability Analysis

1.1 Basic Checks

  • In the past year E0P was profitable.
  • E0P had a positive operating cash flow in the past year.
  • E0P had positive earnings in each of the past 5 years.
  • 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 2025 0 200M 400M 600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.90%, E0P is doing worse than 65.52% of the companies in the same industry.
  • The Return On Equity of E0P (15.84%) is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 6.50%, E0P perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
  • E0P had an Average Return On Invested Capital over the past 3 years of 7.80%. This is significantly below the industry average of 14.64%.
Industry RankSector Rank
ROA 4.9%
ROE 15.84%
ROIC 6.5%
ROA(3y)7.01%
ROA(5y)8.18%
ROE(3y)24.26%
ROE(5y)30.94%
ROIC(3y)7.8%
ROIC(5y)10.1%
E0P.DE Yearly ROA, ROE, ROICE0P.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -1K -2K -3K -4K -5K

1.3 Margins

  • E0P has a Profit Margin of 11.69%. This is comparable to the rest of the industry: E0P outperforms 43.10% of its industry peers.
  • E0P's Profit Margin has declined in the last couple of years.
  • E0P's Operating Margin of 11.71% is on the low side compared to the rest of the industry. E0P is outperformed by 60.34% of its industry peers.
  • E0P's Operating Margin has declined in the last couple of years.
  • E0P has a Gross Margin (47.17%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of E0P has remained more or less at the same level.
Industry RankSector Rank
OM 11.71%
PM (TTM) 11.69%
GM 47.17%
OM growth 3Y-14.61%
OM growth 5Y-12.84%
PM growth 3Y-11.83%
PM growth 5Y-7.55%
GM growth 3Y4.39%
GM growth 5Y1.26%
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 2025 0 20 -20 40

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3

2. E0P.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so E0P is destroying 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 an improved debt to assets ratio.
E0P.DE Yearly Shares OutstandingE0P.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 2.31 indicates that E0P is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.31, E0P is not doing good in the industry: 74.14% of the companies in the same industry are doing better.
  • E0P has a debt to FCF ratio of 12.56. This is a negative value and a sign of low solvency as E0P would need 12.56 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 12.56, E0P is not doing good in the industry: 65.52% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 0.53 indicates that E0P is somewhat dependend on debt financing.
  • E0P has a worse Debt to Equity ratio (0.53) than 75.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 12.56
Altman-Z 2.31
ROIC/WACC0.63
WACC10.38%
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 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • E0P has a Current Ratio of 2.07. This indicates that E0P is financially healthy and has no problem in meeting its short term obligations.
  • E0P has a worse Current ratio (2.07) than 63.79% of its industry peers.
  • E0P has a Quick Ratio of 1.84. This is a normal value and indicates that E0P is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of E0P (1.84) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.07
Quick Ratio 1.84
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 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. E0P.DE Growth Analysis

3.1 Past

  • E0P shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.74%, which is quite impressive.
  • Measured over the past years, E0P shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.99% on average per year.
  • Looking at the last year, E0P shows a quite strong growth in Revenue. The Revenue has grown by 10.72% in the last year.
  • E0P shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.72% yearly.
EPS 1Y (TTM)25.74%
EPS 3Y-13.6%
EPS 5Y16.99%
EPS Q2Q%-24.47%
Revenue 1Y (TTM)10.72%
Revenue growth 3Y-14.19%
Revenue growth 5Y13.72%
Sales Q2Q%-10.29%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.80% on average over the next years.
  • The Revenue is expected to grow by 2.38% on average over the next years.
EPS Next Y-25.04%
EPS Next 2Y-3.39%
EPS Next 3Y2.91%
EPS Next 5Y5.8%
Revenue Next Year-14.24%
Revenue Next 2Y-2.78%
Revenue Next 3Y0.93%
Revenue Next 5Y2.38%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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4

4. E0P.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 13.69, the valuation of E0P can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of E0P indicates a rather cheap valuation: E0P is cheaper than 93.10% of the companies listed in the same industry.
  • E0P is valuated rather cheaply when we compare the Price/Earnings ratio to 25.50, which is the current average of the S&P500 Index.
  • E0P is valuated rather expensively with a Price/Forward Earnings ratio of 18.26.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of E0P indicates a rather cheap valuation: E0P is cheaper than 81.03% of the companies listed in the same industry.
  • E0P is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.67, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 13.69
Fwd PE 18.26
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

4.2 Price Multiples

  • 70.69% of the companies in the same industry are more expensive than E0P, based on the Enterprise Value to EBITDA ratio.
  • E0P's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 55.76
EV/EBITDA 16.24
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

PEG (NY)N/A
PEG (5Y)0.81
EPS Next 2Y-3.39%
EPS Next 3Y2.91%

More info and screens

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

0

5. E0P.DE Dividend Analysis

5.1 Amount

  • No dividends for E0P!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

E0P.DE Fundamentals: All Metrics, Ratios and Statistics

ENPHASE ENERGY INC

FRA:E0P (3/24/2026, 7:00:00 PM)

35.175

-3.27 (-8.49%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-03
Earnings (Next)04-20
Inst Owners98.34%
Inst Owner ChangeN/A
Ins Owners3.22%
Ins Owner ChangeN/A
Market Cap4.61B
Revenue(TTM)1.47B
Net Income(TTM)172.13M
Analysts66.83
Price Target35.95 (2.2%)
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)27.98%
Min EPS beat(2)19.68%
Max EPS beat(2)36.27%
EPS beat(4)3
Avg EPS beat(4)14.93%
Min EPS beat(4)-5.07%
Max EPS beat(4)36.27%
EPS beat(8)4
Avg EPS beat(8)5.92%
EPS beat(12)6
Avg EPS beat(12)5.68%
EPS beat(16)10
Avg EPS beat(16)8.88%
Revenue beat(2)1
Avg Revenue beat(2)4.32%
Min Revenue beat(2)-1.18%
Max Revenue beat(2)9.81%
Revenue beat(4)1
Avg Revenue beat(4)1.09%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)9.81%
Revenue beat(8)1
Avg Revenue beat(8)-1.6%
Revenue beat(12)1
Avg Revenue beat(12)-2.77%
Revenue beat(16)5
Avg Revenue beat(16)-1.77%
PT rev (1m)8.04%
PT rev (3m)9%
EPS NQ rev (1m)-1.37%
EPS NQ rev (3m)13.91%
EPS NY rev (1m)9.49%
EPS NY rev (3m)4.63%
Revenue NQ rev (1m)3.63%
Revenue NQ rev (3m)8.14%
Revenue NY rev (1m)5.51%
Revenue NY rev (3m)4.06%
Valuation
Industry RankSector Rank
PE 13.69
Fwd PE 18.26
P/S 3.63
P/FCF 55.76
P/OCF 39.16
P/B 4.92
P/tB 6.29
EV/EBITDA 16.24
EPS(TTM)2.57
EY7.31%
EPS(NY)1.93
Fwd EY5.48%
FCF(TTM)0.63
FCFY1.79%
OCF(TTM)0.9
OCFY2.55%
SpS9.69
BVpS7.15
TBVpS5.59
PEG (NY)N/A
PEG (5Y)0.81
Graham Number20.33
Profitability
Industry RankSector Rank
ROA 4.9%
ROE 15.84%
ROCE 7.67%
ROIC 6.5%
ROICexc 19.89%
ROICexgc 29.36%
OM 11.71%
PM (TTM) 11.69%
GM 47.17%
FCFM 6.51%
ROA(3y)7.01%
ROA(5y)8.18%
ROE(3y)24.26%
ROE(5y)30.94%
ROIC(3y)7.8%
ROIC(5y)10.1%
ROICexc(3y)20.78%
ROICexc(5y)27.69%
ROICexgc(3y)28.64%
ROICexgc(5y)42.83%
ROCE(3y)9.21%
ROCE(5y)11.92%
ROICexgc growth 3Y-25.64%
ROICexgc growth 5YN/A
ROICexc growth 3Y-23.58%
ROICexc growth 5YN/A
OM growth 3Y-14.61%
OM growth 5Y-12.84%
PM growth 3Y-11.83%
PM growth 5Y-7.55%
GM growth 3Y4.39%
GM growth 5Y1.26%
F-Score6
Asset Turnover0.42
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 12.56
Debt/EBITDA 2.26
Cap/Depr 50.39%
Cap/Sales 2.76%
Interest Coverage 1347.32
Cash Conversion 53.95%
Profit Quality 55.71%
Current Ratio 2.07
Quick Ratio 1.84
Altman-Z 2.31
F-Score6
WACC10.38%
ROIC/WACC0.63
Cap/Depr(3y)79.82%
Cap/Depr(5y)96.08%
Cap/Sales(3y)3.37%
Cap/Sales(5y)3.18%
Profit Quality(3y)218.99%
Profit Quality(5y)207.74%
High Growth Momentum
Growth
EPS 1Y (TTM)25.74%
EPS 3Y-13.6%
EPS 5Y16.99%
EPS Q2Q%-24.47%
EPS Next Y-25.04%
EPS Next 2Y-3.39%
EPS Next 3Y2.91%
EPS Next 5Y5.8%
Revenue 1Y (TTM)10.72%
Revenue growth 3Y-14.19%
Revenue growth 5Y13.72%
Sales Q2Q%-10.29%
Revenue Next Year-14.24%
Revenue Next 2Y-2.78%
Revenue Next 3Y0.93%
Revenue Next 5Y2.38%
EBIT growth 1Y90.67%
EBIT growth 3Y-26.72%
EBIT growth 5Y-0.88%
EBIT Next Year-8.29%
EBIT Next 3Y6.62%
EBIT Next 5Y10.66%
FCF growth 1Y-80.02%
FCF growth 3Y-48.41%
FCF growth 5Y-13.29%
OCF growth 1Y-73.42%
OCF growth 3Y-43.19%
OCF growth 5Y-8.79%

ENPHASE ENERGY INC / E0P.DE Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 3 / 10 to E0P.DE.


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

ChartMill assigns a valuation rating of 4 / 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 3 / 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 13.69 and the Price/Book (PB) ratio is 4.92.


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 decline by -25.04% in the next year.