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

FRA:E0P • US29355A1079

Current stock price

31.815 EUR
-0.93 (-2.84%)
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.
  • 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

  • E0P has a worse Return On Assets (4.90%) than 65.52% of its industry peers.
  • E0P has a Return On Equity (15.84%) which 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.
  • Measured over the past 3 years, the Average Return On Invested Capital for E0P is significantly below the industry average of 14.98%.
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 (11.69%) which is in line with its industry peers.
  • E0P's Profit Margin has declined in the last couple of years.
  • E0P has a Operating Margin of 11.71%. This is in the lower half of the industry: E0P underperforms 60.34% of its industry peers.
  • In the last couple of years the Operating Margin of E0P has declined.
  • E0P has a Gross Margin of 47.17%. This is in the lower half of the industry: E0P underperforms 60.34% of its industry peers.
  • 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

3

2. E0P.DE Health Analysis

2.1 Basic Checks

  • E0P has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for E0P has been reduced compared to 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 2.15. 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.
  • The Altman-Z score of E0P (2.15) is worse than 81.03% of its industry peers.
  • 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.
  • E0P has a worse Debt to FCF ratio (12.56) than 67.24% of its industry peers.
  • 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 75.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 12.56
Altman-Z 2.15
ROIC/WACC0.64
WACC10.21%
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

  • A Current Ratio of 2.07 indicates that E0P has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.07, E0P is doing worse than 60.34% of the companies in the same industry.
  • A Quick Ratio of 1.84 indicates that E0P should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.84, E0P is in the better half of the industry, outperforming 60.34% of the companies in the same 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

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.
  • E0P shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.99% yearly.
  • 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

  • Based on estimates for the next years, E0P will show a small growth in Earnings Per Share. The EPS will grow by 5.80% on average per year.
  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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

5

4. E0P.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.28, which indicates a correct valuation of E0P.
  • Based on the Price/Earnings ratio, E0P is valued cheaply inside the industry as 94.83% of the companies are valued more expensively.
  • E0P's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.60.
  • With a Price/Forward Earnings ratio of 16.42, E0P is valued correctly.
  • Based on the Price/Forward Earnings ratio, E0P is valued cheaper than 86.21% of the companies in the same industry.
  • E0P is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.28
Fwd PE 16.42
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 50

4.2 Price Multiples

  • 68.97% of the companies in the same industry are more expensive than E0P, based on the Enterprise Value to EBITDA ratio.
  • 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 50.12
EV/EBITDA 13.67
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)0.72
EPS Next 2Y-3.39%
EPS Next 3Y2.91%

0

5. E0P.DE Dividend Analysis

5.1 Amount

  • E0P does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

E0P.DE Fundamentals: All Metrics, Ratios and Statistics

ENPHASE ENERGY INC

FRA:E0P (4/2/2026, 7:00:00 PM)

31.815

-0.93 (-2.84%)

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 Cap4.17B
Revenue(TTM)1.47B
Net Income(TTM)172.13M
Analysts66.83
Price Target35.95 (13%)
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)7.71%
EPS NQ rev (1m)0.57%
EPS NQ rev (3m)17.54%
EPS NY rev (1m)9.49%
EPS NY rev (3m)6.71%
Revenue NQ rev (1m)0.61%
Revenue NQ rev (3m)11.95%
Revenue NY rev (1m)-0.39%
Revenue NY rev (3m)4.99%
Valuation
Industry RankSector Rank
PE 12.28
Fwd PE 16.42
P/S 3.26
P/FCF 50.12
P/OCF 35.21
P/B 4.42
P/tB 5.66
EV/EBITDA 13.67
EPS(TTM)2.59
EY8.14%
EPS(NY)1.94
Fwd EY6.09%
FCF(TTM)0.63
FCFY2%
OCF(TTM)0.9
OCFY2.84%
SpS9.75
BVpS7.19
TBVpS5.63
PEG (NY)N/A
PEG (5Y)0.72
Graham Number20.48
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 2.15
F-Score6
WACC10.21%
ROIC/WACC0.64
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 4 / 10 to E0P.DE.


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

ChartMill assigns a valuation rating of 5 / 10 to ENPHASE ENERGY INC (E0P.DE). This can be considered as Fairly Valued.


What is the profitability of E0P stock?

ENPHASE ENERGY INC (E0P.DE) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for E0P stock?

The Price/Earnings (PE) ratio for ENPHASE ENERGY INC (E0P.DE) is 12.28 and the Price/Book (PB) ratio is 4.42.