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

FRA:E0P • US29355A1079

Current stock price

33.31 EUR
-1.95 (-5.52%)
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.
  • 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

  • The Return On Assets of E0P (4.90%) is worse than 65.52% of its industry peers.
  • E0P's Return On Equity of 15.84% is in line compared to the rest of the industry. E0P outperforms 50.00% of its industry peers.
  • The Return On Invested Capital of E0P (6.50%) is comparable to the rest of the 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's Profit Margin of 11.69% is in line compared 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.
  • With a Operating Margin value of 11.71%, E0P is not doing good in the industry: 60.34% of the companies in the same industry are doing better.
  • E0P's Operating Margin has declined in the last couple of years.
  • E0P has a Gross Margin (47.17%) which is comparable to the rest of the industry.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), E0P is destroying value.
  • Compared to 1 year ago, E0P has less shares outstanding
  • The number of shares outstanding for E0P has been increased compared to 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 2.21. 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 2.21, E0P is doing worse than 77.59% 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.
  • E0P's Debt to FCF ratio of 12.56 is on the low side compared to the rest of the industry. E0P is outperformed by 65.52% of its industry peers.
  • A Debt/Equity ratio of 0.53 indicates that E0P is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.53, E0P is not doing good in the industry: 75.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 12.56
Altman-Z 2.21
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

  • A Current Ratio of 2.07 indicates that E0P has no problem at all paying 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.
  • E0P has a Quick ratio (1.84) which is in line with its industry peers.
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.
  • Measured over the past years, E0P shows a quite strong growth in Revenue. The Revenue has been growing by 13.72% on average per year.
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

  • 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.
  • 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

  • The Price/Earnings ratio is 12.86, which indicates a correct valuation of E0P.
  • Based on the Price/Earnings ratio, E0P is valued cheaper than 93.10% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of E0P to the average of the S&P500 Index (24.88), we can say E0P is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 17.17, the valuation of E0P can be described as rather expensive.
  • 82.76% of the companies in the same industry are more expensive than E0P, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of E0P to the average of the S&P500 Index (22.19), we can say E0P is valued slightly cheaper.
Industry RankSector Rank
PE 12.86
Fwd PE 17.17
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

  • E0P's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. E0P is cheaper than 74.14% of the companies in the same industry.
  • E0P's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 52.44
EV/EBITDA 14.55
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)0.76
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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E0P.DE Fundamentals: All Metrics, Ratios and Statistics

ENPHASE ENERGY INC

FRA:E0P (3/27/2026, 7:00:00 PM)

33.31

-1.95 (-5.52%)

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 Cap4.37B
Revenue(TTM)1.47B
Net Income(TTM)172.13M
Analysts66.83
Price Target35.95 (7.93%)
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 12.86
Fwd PE 17.17
P/S 3.41
P/FCF 52.44
P/OCF 36.83
P/B 4.63
P/tB 5.92
EV/EBITDA 14.55
EPS(TTM)2.59
EY7.78%
EPS(NY)1.94
Fwd EY5.82%
FCF(TTM)0.64
FCFY1.91%
OCF(TTM)0.9
OCFY2.71%
SpS9.76
BVpS7.2
TBVpS5.63
PEG (NY)N/A
PEG (5Y)0.76
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 2.21
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 12.86 and the Price/Book (PB) ratio is 4.63.


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.