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

FRA:E0P • US29355A1079

Current stock price

39.405 EUR
+0.72 (+1.86%)
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

  • E0P had positive earnings in the past year.
  • In the past year E0P had a positive cash flow from operations.
  • Each year in the past 5 years E0P has been profitable.
  • E0P had a positive operating cash flow in each of the past 5 years.
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

  • With a Return On Assets value of 4.90%, E0P is not doing good in the industry: 64.18% of the companies in the same industry are doing better.
  • E0P's Return On Equity of 15.84% is in line compared to the rest of the industry. E0P outperforms 50.75% of its industry peers.
  • E0P's Return On Invested Capital of 6.50% is in line compared to the rest of the industry. E0P outperforms 47.76% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for E0P is significantly below the industry average of 14.50%.
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 43.28% of its industry peers.
  • E0P's Profit Margin has declined in the last couple of years.
  • E0P has a worse Operating Margin (11.71%) than 62.69% of its industry peers.
  • In the last couple of years the Operating Margin of E0P has declined.
  • The Gross Margin of E0P (47.17%) is comparable to the rest of the industry.
  • E0P's Gross Margin has been stable in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
  • The debt/assets ratio for E0P has been reduced compared to a year ago.
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

  • E0P has an Altman-Z score of 2.43. 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.
  • Looking at the Altman-Z score, with a value of 2.43, E0P is doing worse than 77.61% of the companies in the same industry.
  • The Debt to FCF ratio of E0P is 12.56, which is on the high side as it means it would take E0P, 12.56 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 12.56, E0P is not doing good in the industry: 70.15% of the companies in the same industry are doing better.
  • E0P has a Debt/Equity ratio of 0.53. This is a neutral value indicating E0P is somewhat dependend on debt financing.
  • E0P has a Debt to Equity ratio of 0.53. This is in the lower half of the industry: E0P underperforms 76.12% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 12.56
Altman-Z 2.43
ROIC/WACC0.62
WACC10.41%
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's Current ratio of 2.07 is on the low side compared to the rest of the industry. E0P is outperformed by 67.16% 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.
  • E0P has a Quick ratio (1.84) which 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

  • The Earnings Per Share has grown by an impressive 25.74% over the past year.
  • 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.
  • Based on estimates for the next years, E0P will show a small growth in Revenue. The Revenue will grow by 2.38% on average per year.
EPS Next Y-25.04%
EPS Next 2Y-3.39%
EPS Next 3Y2.91%
EPS Next 5Y5.8%
Revenue Next Year-14.44%
Revenue Next 2Y-2.99%
Revenue Next 3Y1.06%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • A Price/Earnings ratio of 15.16 indicates a correct valuation of E0P.
  • E0P's Price/Earnings ratio is rather cheap when compared to the industry. E0P is cheaper than 92.54% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of E0P to the average of the S&P500 Index (25.96), we can say E0P is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 20.25, the valuation of E0P can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of E0P indicates a somewhat cheap valuation: E0P is cheaper than 77.61% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of E0P to the average of the S&P500 Index (24.04), we can say E0P is valued inline with the index average.
Industry RankSector Rank
PE 15.16
Fwd PE 20.25
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

  • Based on the Enterprise Value to EBITDA ratio, E0P is valued a bit cheaper than the industry average as 65.67% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of E0P is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 61.83
EV/EBITDA 18.11
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)0.89
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%

More info and screens

Find the best dividend stocksShow peers with best dividend

E0P.DE Fundamentals: All Metrics, Ratios and Statistics

ENPHASE ENERGY INC

FRA:E0P (3/16/2026, 7:00:00 PM)

39.405

+0.72 (+1.86%)

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 Cap5.17B
Revenue(TTM)1.47B
Net Income(TTM)172.13M
Analysts66.83
Price Target35.95 (-8.77%)
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)7.32%
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)5.26%
Revenue NY rev (3m)3.81%
Valuation
Industry RankSector Rank
PE 15.16
Fwd PE 20.25
P/S 4.03
P/FCF 61.83
P/OCF 43.43
P/B 5.45
P/tB 6.98
EV/EBITDA 18.11
EPS(TTM)2.6
EY6.6%
EPS(NY)1.95
Fwd EY4.94%
FCF(TTM)0.64
FCFY1.62%
OCF(TTM)0.91
OCFY2.3%
SpS9.79
BVpS7.22
TBVpS5.65
PEG (NY)N/A
PEG (5Y)0.89
Graham Number20.56
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 2.43
F-Score6
WACC10.41%
ROIC/WACC0.62
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-14.44%
Revenue Next 2Y-2.99%
Revenue Next 3Y1.06%
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 15.16 and the Price/Book (PB) ratio is 5.45.


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.