ENPHASE ENERGY INC (ENPH) Stock Fundamental Analysis
USA - NASDAQ:ENPH - US29355A1079 - Common Stock
30.71 USD
-0.13 (-0.42%)
30.84 USD
+0.13 (+0.42%)
Overall ENPH gets a fundamental rating of 5 out of 10. We evaluated ENPH against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. ENPH has an average financial health and profitability rating. A decent growth rate in combination with a cheap valuation! Better keep an eye on ENPH.
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.
Each year in the past 5 years ENPH has been profitable.
In the past 5 years ENPH always reported a positive cash flow from operatings.
1.2 Ratios
ENPH has a Return On Assets of 5.89%. This is in the better half of the industry: ENPH outperforms 72.32% of its industry peers.
ENPH's Return On Equity of 19.66% is amongst the best of the industry. ENPH outperforms 85.71% of its industry peers.
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.
Measured over the past 3 years, the Average Return On Invested Capital for ENPH is in line with the industry average of 10.93%.
| 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
With a decent Profit Margin value of 12.93%, ENPH is doing good in the industry, outperforming 73.21% of the companies in the same industry.
ENPH's Profit Margin has declined in the last couple of years.
ENPH's Operating Margin of 14.31% is fine compared to the rest of the industry. ENPH outperforms 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.
ENPH's Gross Margin has improved in the last couple of years.
| 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
The debt/assets ratio for ENPH is higher compared to a year ago.
2.2 Solvency
ENPH has an Altman-Z score of 2.05. 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 2.05, ENPH is not doing good in the industry: 65.18% of the companies in the same industry are doing better.
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.
With a Debt to FCF ratio value of 5.54, ENPH perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
A Debt/Equity ratio of 0.57 indicates that ENPH is somewhat dependend on debt financing.
ENPH has a worse Debt to Equity ratio (0.57) than 70.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2.05 |
ROIC/WACC0.9
WACC9.55%
2.3 Liquidity
A Current Ratio of 2.04 indicates that ENPH has no problem at all paying its short term obligations.
The Current ratio of ENPH (2.04) is worse than 71.43% of its industry peers.
A Quick Ratio of 1.88 indicates that ENPH should not have too much problems paying its short term obligations.
ENPH has a Quick ratio (1.88) which is in line with 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.
ENPH shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.97%.
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
ENPH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.78% yearly.
The Revenue is expected to grow by 2.65% on average over the next years.
EPS Next Y18.08%
EPS Next 2Y-4.62%
EPS Next 3Y2.58%
EPS Next 5Y7.78%
Revenue Next Year11.37%
Revenue Next 2Y-2.05%
Revenue Next 3Y1.67%
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
Based on the Price/Earnings ratio of 9.57, the valuation of ENPH can be described as reasonable.
Based on the Price/Earnings ratio, ENPH is valued cheaply inside the industry as 99.11% of the companies are valued more expensively.
ENPH is valuated cheaply when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 14.24, the valuation of ENPH can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENPH indicates a rather cheap valuation: ENPH is cheaper than 91.07% of the companies listed in the same industry.
ENPH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.57 | ||
| Fwd PE | 14.24 |
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.
88.39% of the companies in the same industry are more expensive than ENPH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.48 | ||
| EV/EBITDA | 9.02 |
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.
The decent profitability rating of ENPH may justify a higher PE ratio.
PEG (NY)0.53
PEG (5Y)0.48
EPS Next 2Y-4.62%
EPS Next 3Y2.58%
5. Dividend
5.1 Amount
No dividends for ENPH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
30.71
-0.13 (-0.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners96.21%
Inst Owner Change-5.25%
Ins Owners3.13%
Ins Owner Change0.18%
Market Cap4.02B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts63.81
Price Target43.28 (40.93%)
Short Float %21.56%
Short Ratio3.53
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)0.79%
PT rev (3m)2.5%
EPS NQ rev (1m)-14.58%
EPS NQ rev (3m)-12.91%
EPS NY rev (1m)3.75%
EPS NY rev (3m)11.84%
Revenue NQ rev (1m)-10%
Revenue NQ rev (3m)-8.78%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.57 | ||
| Fwd PE | 14.24 | ||
| P/S | 2.65 | ||
| P/FCF | 18.48 | ||
| P/OCF | 15.67 | ||
| P/B | 4.04 | ||
| P/tB | 5.33 | ||
| EV/EBITDA | 9.02 |
EPS(TTM)3.21
EY10.45%
EPS(NY)2.16
Fwd EY7.02%
FCF(TTM)1.66
FCFY5.41%
OCF(TTM)1.96
OCFY6.38%
SpS11.57
BVpS7.61
TBVpS5.76
PEG (NY)0.53
PEG (5Y)0.48
Graham Number23.44
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 | 2.05 |
F-Score8
WACC9.55%
ROIC/WACC0.9
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 Y18.08%
EPS Next 2Y-4.62%
EPS Next 3Y2.58%
EPS Next 5Y7.78%
Revenue 1Y (TTM)20.97%
Revenue growth 3Y-1.26%
Revenue growth 5Y16.34%
Sales Q2Q%7.76%
Revenue Next Year11.37%
Revenue Next 2Y-2.05%
Revenue Next 3Y1.67%
Revenue Next 5Y2.65%
EBIT growth 1Y602.21%
EBIT growth 3Y-25.72%
EBIT growth 5Y-3%
EBIT Next Year52.77%
EBIT Next 3Y13.38%
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.