ENPHASE ENERGY INC (ENPH)
US29355A1079 - Common Stock
Taking everything into account, ENPH scores 5 out of 10 in our fundamental rating. ENPH was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of ENPH get a neutral evaluation. Nothing too spectacular is happening here. ENPH is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ENPH had positive earnings in the past year.
ENPH had a positive operating cash flow in the past year.
In the past 5 years ENPH has always been profitable.
ENPH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.88%, ENPH perfoms like the industry average, outperforming 49.07% of the companies in the same industry.
ENPH has a Return On Equity of 6.59%. This is comparable to the rest of the industry: ENPH outperforms 58.33% of its industry peers.
ENPH has a Return On Invested Capital (0.99%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ENPH is above the industry average of 11.05%.
The last Return On Invested Capital (0.99%) for ENPH is well below the 3 year average (13.93%), which needs to be investigated, but indicates that ENPH had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 6.59% | ||
| ROIC | 0.99% |
ROA(3y)10.95%
ROA(5y)13.32%
ROE(3y)42.19%
ROE(5y)42.69%
ROIC(3y)13.93%
ROIC(5y)16.76%
1.3 Margins
ENPH has a Profit Margin (4.91%) which is comparable to the rest of the industry.
ENPH's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 2.47%, ENPH perfoms like the industry average, outperforming 48.15% of the companies in the same industry.
In the last couple of years the Operating Margin of ENPH has grown nicely.
ENPH has a Gross Margin (46.19%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ENPH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.47% | ||
| PM (TTM) | 4.91% | ||
| GM | 46.19% |
OM growth 3Y-5.77%
OM growth 5Y62.05%
PM growth 3Y3.46%
PM growth 5YN/A
GM growth 3Y1.12%
GM growth 5Y9.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ENPH is still creating some value.
ENPH has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, ENPH has more shares outstanding
The debt/assets ratio for ENPH has been reduced compared to a year ago.
2.2 Solvency
ENPH has an Altman-Z score of 3.23. This indicates that ENPH is financially healthy and has little risk of bankruptcy at the moment.
ENPH has a Altman-Z score (3.23) which is in line with its industry peers.
The Debt to FCF ratio of ENPH is 3.87, which is a good value as it means it would take ENPH, 3.87 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 3.87, ENPH perfoms like the industry average, outperforming 59.26% of the companies in the same industry.
A Debt/Equity ratio of 1.29 is on the high side and indicates that ENPH has dependencies on debt financing.
ENPH's Debt to Equity ratio of 1.29 is on the low side compared to the rest of the industry. ENPH is outperformed by 87.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.29 | ||
| Debt/FCF | 3.87 | ||
| Altman-Z | 3.23 |
ROIC/WACC0.07
WACC13.9%
2.3 Liquidity
ENPH has a Current Ratio of 4.16. This indicates that ENPH is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.16, ENPH is in the better half of the industry, outperforming 64.81% of the companies in the same industry.
A Quick Ratio of 3.88 indicates that ENPH has no problem at all paying its short term obligations.
With a decent Quick ratio value of 3.88, ENPH is doing good in the industry, outperforming 70.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.16 | ||
| Quick Ratio | 3.88 |
3. Growth
3.1 Past
ENPH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -63.31%.
Measured over the past years, ENPH shows a very strong growth in Earnings Per Share. The EPS has been growing by 117.69% on average per year.
ENPH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -53.91%.
ENPH shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 48.60% yearly.
EPS 1Y (TTM)-63.31%
EPS 3Y47.9%
EPS 5Y117.69%
EPS Q2Q%-36.27%
Revenue 1Y (TTM)-53.91%
Revenue growth 3Y43.55%
Revenue growth 5Y48.6%
Sales Q2Q%-30.89%
3.2 Future
ENPH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.68% yearly.
Based on estimates for the next years, ENPH will show a quite strong growth in Revenue. The Revenue will grow by 9.97% on average per year.
EPS Next Y-51.03%
EPS Next 2Y-7.47%
EPS Next 3Y4.65%
EPS Next 5Y16.68%
Revenue Next Year-42.35%
Revenue Next 2Y-12.94%
Revenue Next 3Y-3.27%
Revenue Next 5Y9.97%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 32.17 indicates a quite expensive valuation of ENPH.
Based on the Price/Earnings ratio, ENPH is valued a bit cheaper than the industry average as 63.89% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of ENPH to the average of the S&P500 Index (28.65), we can say ENPH is valued inline with the index average.
With a Price/Forward Earnings ratio of 16.82, ENPH is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENPH indicates a somewhat cheap valuation: ENPH is cheaper than 78.70% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.56, ENPH is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.17 | ||
| Fwd PE | 16.82 |
4.2 Price Multiples
ENPH's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENPH indicates a rather cheap valuation: ENPH is cheaper than 80.56% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.47 | ||
| EV/EBITDA | 58.62 |
4.3 Compensation for Growth
ENPH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.27
EPS Next 2Y-7.47%
EPS Next 3Y4.65%
5. Dividend
5.1 Amount
ENPH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ENPHASE ENERGY INC
NASDAQ:ENPH (11/20/2024, 8:18:52 PM)
Premarket: 63.42 +0.04 (+0.06%)63.38
+2.02 (+3.29%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.56B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.17 | ||
| Fwd PE | 16.82 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 6.59% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.47% | ||
| PM (TTM) | 4.91% | ||
| GM | 46.19% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.29 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 4.16 | ||
| Quick Ratio | 3.88 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-63.31%
EPS 3Y47.9%
EPS 5Y
EPS Q2Q%
EPS Next Y-51.03%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-53.91%
Revenue growth 3Y43.55%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
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