31.25 USD
+0.49 (+1.59%)
31.35 USD
+0.1 (+0.32%)
Taking everything into account, ENPH scores 5 out of 10 in our fundamental rating. ENPH was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. ENPH has only an average score on both its financial health and profitability. ENPH is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
ENPH had positive earnings in the past year.
In the past year ENPH had a positive cash flow from operations.
ENPH had positive earnings in each of the past 5 years.
In the past 5 years ENPH always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.89%, ENPH is in the better half of the industry, outperforming 69.64% of the companies in the same industry.
ENPH has a Return On Equity of 19.66%. This is amongst the best in the industry. ENPH outperforms 85.71% of its industry peers.
ENPH has a better Return On Invested Capital (8.61%) than 77.68% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ENPH is in line with the industry average of 10.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.89% | ||
| ROE | 19.66% | ||
| ROIC | 8.61% |
ROA(3y)9.67%
ROA(5y)9.44%
ROE(3y)35.03%
ROE(5y)33.31%
ROIC(3y)10.89%
ROIC(5y)13.62%
1.3 Margins
Looking at the Profit Margin, with a value of 12.93%, ENPH is in the better half of the industry, outperforming 72.32% of the companies in the same industry.
In the last couple of years the Profit Margin of ENPH has declined.
ENPH has a better Operating Margin (14.31%) than 71.43% of its industry peers.
ENPH's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 49.11%, ENPH is in line with its industry, outperforming 59.82% of the companies in the same industry.
In the last couple of years the Gross Margin of ENPH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.31% | ||
| PM (TTM) | 12.93% | ||
| GM | 49.11% |
OM growth 3Y-24.77%
OM growth 5Y-16.62%
PM growth 3Y-9.82%
PM growth 5Y-21.45%
GM growth 3Y5.64%
GM growth 5Y5.94%
2. Health
2.1 Basic Checks
ENPH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for ENPH has been reduced compared to 1 year ago.
Compared to 5 years ago, ENPH has more shares outstanding
The debt/assets ratio for ENPH is higher compared to a year ago.
2.2 Solvency
ENPH has an Altman-Z score of 2.06. This is not the best score and indicates that ENPH is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.06, ENPH is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
ENPH has a debt to FCF ratio of 5.54. This is a neutral value as ENPH would need 5.54 years to pay back of all of its debts.
ENPH has a Debt to FCF ratio (5.54) which is in line with its industry peers.
A Debt/Equity ratio of 0.57 indicates that ENPH is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.57, ENPH is doing worse than 70.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2.06 |
ROIC/WACC0.93
WACC9.24%
2.3 Liquidity
A Current Ratio of 2.04 indicates that ENPH has no problem at all paying its short term obligations.
ENPH's Current ratio of 2.04 is on the low side compared to the rest of the industry. ENPH is outperformed by 74.11% of its industry peers.
ENPH has a Quick Ratio of 1.88. This is a normal value and indicates that ENPH is financially healthy and should not expect problems in meeting its short term obligations.
ENPH's Quick ratio of 1.88 is in line compared to the rest of the industry. ENPH outperforms 41.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 62.94% over the past year.
Measured over the past years, ENPH shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.06% on average per year.
The Revenue has grown by 20.97% in the past year. This is a very strong growth!
ENPH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.34% yearly.
EPS 1Y (TTM)62.94%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%38.46%
Revenue 1Y (TTM)20.97%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%7.76%
3.2 Future
The Earnings Per Share is expected to grow by 7.78% on average over the next years.
The Revenue is expected to grow by 2.65% on average over the next years.
EPS Next Y18.36%
EPS Next 2Y-5.09%
EPS Next 3Y4.78%
EPS Next 5Y7.78%
Revenue Next Year10.34%
Revenue Next 2Y-4.57%
Revenue Next 3Y-0.12%
Revenue Next 5Y2.65%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.74, which indicates a very decent valuation of ENPH.
Based on the Price/Earnings ratio, ENPH is valued cheaper than 99.11% of the companies in the same industry.
ENPH is valuated cheaply when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.64, ENPH is valued correctly.
92.86% of the companies in the same industry are more expensive than ENPH, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, ENPH is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.74 | ||
| Fwd PE | 14.64 |
4.2 Price Multiples
93.75% of the companies in the same industry are more expensive than ENPH, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ENPH is valued cheaper than 90.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.82 | ||
| EV/EBITDA | 9.21 |
4.3 Compensation for Growth
ENPH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ENPH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.53
PEG (5Y)0.49
EPS Next 2Y-5.09%
EPS Next 3Y4.78%
5. Dividend
5.1 Amount
No dividends for ENPH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
31.25
+0.49 (+1.59%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners95.23%
Inst Owner Change1.58%
Ins Owners3.13%
Ins Owner Change-0.02%
Market Cap4.09B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts57.5
Price Target39.92 (27.74%)
Short Float %21.51%
Short Ratio3.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)22.55%
Min EPS beat(2)8.83%
Max EPS beat(2)36.27%
EPS beat(4)3
Avg EPS beat(4)16.84%
Min EPS beat(4)-5.07%
Max EPS beat(4)36.27%
EPS beat(8)3
Avg EPS beat(8)2.95%
EPS beat(12)6
Avg EPS beat(12)5.62%
EPS beat(16)10
Avg EPS beat(16)9.13%
Revenue beat(2)1
Avg Revenue beat(2)4.4%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)9.81%
Revenue beat(4)1
Avg Revenue beat(4)1.22%
Min Revenue beat(4)-3.27%
Max Revenue beat(4)9.81%
Revenue beat(8)1
Avg Revenue beat(8)-2.64%
Revenue beat(12)2
Avg Revenue beat(12)-2.62%
Revenue beat(16)6
Avg Revenue beat(16)-1.57%
PT rev (1m)-7.77%
PT rev (3m)-6.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.26%
EPS NY rev (1m)0.24%
EPS NY rev (3m)4.44%
Revenue NQ rev (1m)-0.53%
Revenue NQ rev (3m)-9.99%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.74 | ||
| Fwd PE | 14.64 | ||
| P/S | 2.7 | ||
| P/FCF | 18.82 | ||
| P/OCF | 15.96 | ||
| P/B | 4.11 | ||
| P/tB | 5.43 | ||
| EV/EBITDA | 9.21 |
EPS(TTM)3.21
EY10.27%
EPS(NY)2.13
Fwd EY6.83%
FCF(TTM)1.66
FCFY5.31%
OCF(TTM)1.96
OCFY6.27%
SpS11.56
BVpS7.6
TBVpS5.76
PEG (NY)0.53
PEG (5Y)0.49
Graham Number23.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.89% | ||
| ROE | 19.66% | ||
| ROCE | 10.07% | ||
| ROIC | 8.61% | ||
| ROICexc | 27.56% | ||
| ROICexgc | 43.07% | ||
| OM | 14.31% | ||
| PM (TTM) | 12.93% | ||
| GM | 49.11% | ||
| FCFM | 14.37% |
ROA(3y)9.67%
ROA(5y)9.44%
ROE(3y)35.03%
ROE(5y)33.31%
ROIC(3y)10.89%
ROIC(5y)13.62%
ROICexc(3y)29.55%
ROICexc(5y)N/A
ROICexgc(3y)43.52%
ROICexgc(5y)N/A
ROCE(3y)12.74%
ROCE(5y)15.93%
ROICexgc growth 3Y-41.75%
ROICexgc growth 5Y-24.25%
ROICexc growth 3Y-35.85%
ROICexc growth 5Y-25.26%
OM growth 3Y-24.77%
OM growth 5Y-16.62%
PM growth 3Y-9.82%
PM growth 5Y-21.45%
GM growth 3Y5.64%
GM growth 5Y5.94%
F-Score8
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Debt/EBITDA | 1.92 | ||
| Cap/Depr | 48.17% | ||
| Cap/Sales | 2.58% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 86.18% | ||
| Profit Quality | 111.1% | ||
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.88 | ||
| Altman-Z | 2.06 |
F-Score8
WACC9.24%
ROIC/WACC0.93
Cap/Depr(3y)89.33%
Cap/Depr(5y)108.77%
Cap/Sales(3y)3.11%
Cap/Sales(5y)3.16%
Profit Quality(3y)259%
Profit Quality(5y)225.8%
High Growth Momentum
Growth
EPS 1Y (TTM)62.94%
EPS 3Y-0.69%
EPS 5Y20.06%
EPS Q2Q%38.46%
EPS Next Y18.36%
EPS Next 2Y-5.09%
EPS Next 3Y4.78%
EPS Next 5Y7.78%
Revenue 1Y (TTM)20.97%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%7.76%
Revenue Next Year10.34%
Revenue Next 2Y-4.57%
Revenue Next 3Y-0.12%
Revenue Next 5Y2.65%
EBIT growth 1Y602.21%
EBIT growth 3Y-25.72%
EBIT growth 5Y-3%
EBIT Next Year61.55%
EBIT Next 3Y13.05%
EBIT Next 5Y12.39%
FCF growth 1Y-73.12%
FCF growth 3Y17.03%
FCF growth 5Y31.03%
OCF growth 1Y-71.99%
OCF growth 3Y13.43%
OCF growth 5Y29.86%
ENPHASE ENERGY INC / ENPH FAQ
What is the ChartMill fundamental rating of ENPHASE ENERGY INC (ENPH) stock?
ChartMill assigns a fundamental rating of 5 / 10 to ENPH.
Can you provide the valuation status for ENPHASE ENERGY INC?
ChartMill assigns a valuation rating of 8 / 10 to ENPHASE ENERGY INC (ENPH). This can be considered as Undervalued.
What is the profitability of ENPH stock?
ENPHASE ENERGY INC (ENPH) has a profitability rating of 6 / 10.
Can you provide the financial health for ENPH stock?
The financial health rating of ENPHASE ENERGY INC (ENPH) is 4 / 10.