33.01 USD
+0.22 (+0.67%)
33.0008 USD
-0.01 (-0.03%)
We assign a fundamental rating of 5 out of 10 to ENPH. ENPH was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. ENPH has an average financial health and profitability rating. 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.
ENPH had positive earnings in each of the past 5 years.
ENPH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ENPH has a Return On Assets of 5.89%. This is in the better half of the industry: ENPH outperforms 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.
With a decent Return On Invested Capital value of 8.61%, ENPH is doing good in the industry, outperforming 77.68% of the companies in the same industry.
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
The Profit Margin of ENPH (12.93%) is better than 72.32% of its industry peers.
ENPH's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 14.31%, ENPH is in the better half of 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.
ENPH has a Gross Margin of 49.11%. This is comparable to the rest of the industry: ENPH outperforms 59.82% of its industry peers.
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
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
ENPH has a worse debt/assets ratio than last year.
2.2 Solvency
ENPH has an Altman-Z score of 2.12. 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.
ENPH has a worse Altman-Z score (2.12) than 68.75% of its industry peers.
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.
The Debt to FCF ratio of ENPH (5.54) is comparable to the rest of the industry.
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 | 2.12 |
ROIC/WACC0.92
WACC9.31%
2.3 Liquidity
A Current Ratio of 2.04 indicates that ENPH has no problem at all paying its short term obligations.
With a Current ratio value of 2.04, ENPH is not doing good in the industry: 74.11% of the companies in the same industry are doing better.
A Quick Ratio of 1.88 indicates that ENPH should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.88, ENPH is in line with its industry, outperforming 41.96% of the companies in the same industry.
| 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!
Measured over the past years, ENPH shows a quite strong growth in Revenue. The Revenue has been growing by 16.34% on average per year.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
ENPH is valuated reasonably with a Price/Earnings ratio of 10.28.
ENPH's Price/Earnings ratio is rather cheap when compared to the industry. ENPH is cheaper than 99.11% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.76, ENPH is valued rather cheaply.
ENPH is valuated correctly with a Price/Forward Earnings ratio of 15.46.
ENPH's Price/Forward Earnings ratio is rather cheap when compared to the industry. ENPH is cheaper than 92.86% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.96. ENPH is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.28 | ||
| Fwd PE | 15.46 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ENPH indicates a rather cheap valuation: ENPH is cheaper than 93.75% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENPH indicates a rather cheap valuation: ENPH is cheaper than 90.18% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.88 | ||
| EV/EBITDA | 9.99 |
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.
ENPH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.56
PEG (5Y)0.51
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 |
33.01
+0.22 (+0.67%)
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 Cap4.32B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts57.5
Price Target39.92 (20.93%)
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 | 10.28 | ||
| Fwd PE | 15.46 | ||
| P/S | 2.86 | ||
| P/FCF | 19.88 | ||
| P/OCF | 16.86 | ||
| P/B | 4.34 | ||
| P/tB | 5.73 | ||
| EV/EBITDA | 9.99 |
EPS(TTM)3.21
EY9.72%
EPS(NY)2.13
Fwd EY6.47%
FCF(TTM)1.66
FCFY5.03%
OCF(TTM)1.96
OCFY5.93%
SpS11.56
BVpS7.6
TBVpS5.76
PEG (NY)0.56
PEG (5Y)0.51
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 | 2.12 |
F-Score8
WACC9.31%
ROIC/WACC0.92
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.