31.55 USD
+0.31 (+0.99%)
31.5 USD
-0.05 (-0.16%)
ENPH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. ENPH has only an average score on both its financial health and profitability. ENPH may be a bit undervalued, certainly considering the very reasonable score on growth
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
ENPH has a better Return On Assets (5.89%) than 69.64% of its industry peers.
With an excellent Return On Equity value of 19.66%, ENPH belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
The Return On Invested Capital of ENPH (8.61%) is better than 77.68% of its industry peers.
ENPH had an Average Return On Invested Capital over the past 3 years of 10.89%. This 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
ENPH's Profit Margin of 12.93% is fine compared to the rest of the industry. ENPH outperforms 72.32% of its industry peers.
ENPH's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 14.31%, ENPH is doing good in the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Operating Margin of ENPH has declined.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENPH is creating some value.
Compared to 1 year ago, ENPH has less shares outstanding
Compared to 5 years ago, ENPH has more shares outstanding
ENPH has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.06 indicates that ENPH is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.06, ENPH is doing worse than 67.86% of the companies in the same industry.
The Debt to FCF ratio of ENPH is 5.54, which is a neutral value as it means it would take ENPH, 5.54 years of fcf income to pay off all of its debts.
ENPH's Debt to FCF ratio of 5.54 is in line compared to the rest of the industry. ENPH outperforms 56.25% of its industry peers.
A Debt/Equity ratio of 0.57 indicates that ENPH is somewhat dependend on debt financing.
The Debt to Equity ratio of ENPH (0.57) is worse than 70.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2.06 |
ROIC/WACC0.93
WACC9.28%
2.3 Liquidity
A Current Ratio of 2.04 indicates that ENPH has no problem at all paying its short term obligations.
ENPH has a worse Current ratio (2.04) than 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.
The Earnings Per Share has been growing by 20.06% on average over the past years. This is a very strong growth
Looking at the last year, ENPH shows a very strong growth in Revenue. The Revenue has grown by 20.97%.
The Revenue has been growing by 16.34% on average over the past years. This is quite good.
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.
ENPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.65% yearly.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.83 indicates a reasonable valuation of ENPH.
Compared to the rest of the industry, the Price/Earnings ratio of ENPH indicates a rather cheap valuation: ENPH is cheaper than 99.11% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.28, ENPH is valued rather cheaply.
With a Price/Forward Earnings ratio of 14.78, 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.
When comparing the Price/Forward Earnings ratio of ENPH to the average of the S&P500 Index (23.52), we can say ENPH is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.83 | ||
| Fwd PE | 14.78 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ENPH is valued cheaply inside the industry as 94.64% of the companies are valued more expensively.
ENPH's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ENPH is cheaper than 91.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19 | ||
| EV/EBITDA | 9.21 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ENPH may justify a higher PE ratio.
PEG (NY)0.54
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 |
31.55
+0.31 (+0.99%)
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 Cap4.13B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts57.5
Price Target39.92 (26.53%)
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 | 9.83 | ||
| Fwd PE | 14.78 | ||
| P/S | 2.73 | ||
| P/FCF | 19 | ||
| P/OCF | 16.11 | ||
| P/B | 4.15 | ||
| P/tB | 5.48 | ||
| EV/EBITDA | 9.21 |
EPS(TTM)3.21
EY10.17%
EPS(NY)2.13
Fwd EY6.77%
FCF(TTM)1.66
FCFY5.26%
OCF(TTM)1.96
OCFY6.21%
SpS11.56
BVpS7.6
TBVpS5.76
PEG (NY)0.54
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
WACC9.28%
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.