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

FRA:E0P • US29355A1079

Current stock price

36.745 EUR
-0.95 (-2.52%)
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

  • 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.
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 64.18% of its industry peers.
  • The Return On Equity of E0P (15.84%) is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 6.50%, E0P is in line with its industry, outperforming 47.76% 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 14.50%.
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 (11.69%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of E0P has declined.
  • With a Operating Margin value of 11.71%, E0P is not doing good in the industry: 62.69% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of E0P has declined.
  • 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

  • E0P has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
  • E0P has a better debt/assets ratio than last year.
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 2.37. 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.
  • E0P has a worse Altman-Z score (2.37) than 77.61% 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.
  • Looking at the Debt to FCF ratio, with a value of 12.56, E0P is doing worse than 70.15% of the companies in the same industry.
  • A Debt/Equity ratio of 0.53 indicates that E0P is somewhat dependend on debt financing.
  • The Debt to Equity ratio of E0P (0.53) is worse than 76.12% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 12.56
Altman-Z 2.37
ROIC/WACC0.63
WACC10.34%
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.
  • The Current ratio of E0P (2.07) is worse than 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.
  • With a Quick ratio value of 1.84, E0P perfoms like the industry average, outperforming 59.70% 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

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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.
  • E0P shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.99% yearly.
  • The Revenue has grown by 10.72% in the past year. This is quite good.
  • 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

  • E0P is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.80% yearly.
  • 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-14.44%
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

  • The Price/Earnings ratio is 14.19, which indicates a correct valuation of E0P.
  • Based on the Price/Earnings ratio, E0P is valued cheaply inside the industry as 92.54% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.73, E0P is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 18.92, which indicates a rather expensive current valuation of E0P.
  • Based on the Price/Forward Earnings ratio, E0P is valued cheaply inside the industry as 80.60% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.72, E0P is valued a bit cheaper.
Industry RankSector Rank
PE 14.19
Fwd PE 18.92
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 57.77
EV/EBITDA 17.13
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)0.84
EPS Next 2Y-3.39%
EPS Next 3Y2.91%

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

0

5. E0P.DE Dividend Analysis

5.1 Amount

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

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E0P.DE Fundamentals: All Metrics, Ratios and Statistics

ENPHASE ENERGY INC

FRA:E0P (3/19/2026, 7:00:00 PM)

36.745

-0.95 (-2.52%)

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 Cap4.82B
Revenue(TTM)1.47B
Net Income(TTM)172.13M
Analysts66.83
Price Target35.95 (-2.16%)
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 14.19
Fwd PE 18.92
P/S 3.76
P/FCF 57.77
P/OCF 40.57
P/B 5.1
P/tB 6.52
EV/EBITDA 17.13
EPS(TTM)2.59
EY7.05%
EPS(NY)1.94
Fwd EY5.29%
FCF(TTM)0.64
FCFY1.73%
OCF(TTM)0.91
OCFY2.46%
SpS9.77
BVpS7.21
TBVpS5.64
PEG (NY)N/A
PEG (5Y)0.84
Graham Number20.5
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 2.37
F-Score6
WACC10.34%
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-14.44%
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 14.19 and the Price/Book (PB) ratio is 5.1.


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.