30.535 USD
+1.14 (+3.9%)
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 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.
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 Return On Assets of 5.89%. This is in the better half of the industry: ENPH outperforms 72.32% of its industry peers.
ENPH has a Return On Equity of 19.66%. This is amongst the best in the industry. ENPH outperforms 86.61% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.61%, ENPH is in the better half of 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 10.77%.
| 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 75.00% of the companies in the same industry.
ENPH's Profit Margin has declined in the last couple of years.
The Operating Margin of ENPH (14.31%) is better than 72.32% of its industry peers.
ENPH's Operating Margin has declined in the last couple of years.
ENPH has a better Gross Margin (49.11%) than 60.71% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ENPH 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
An Altman-Z score of 2.00 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 2.00, ENPH is doing worse than 69.64% of the companies in the same industry.
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 of 5.54. This is comparable to the rest of the industry: ENPH outperforms 55.36% of its industry peers.
A Debt/Equity ratio of 0.57 indicates that ENPH is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.57, ENPH is not doing good in the industry: 69.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2 |
ROIC/WACC0.94
WACC9.14%
2.3 Liquidity
A Current Ratio of 2.04 indicates that ENPH has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.04, ENPH is doing worse than 72.32% of the companies in the same industry.
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.
The Quick ratio of ENPH (1.88) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.04 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
ENPH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.94%, which is quite impressive.
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.
Looking at the last year, ENPH shows a very strong growth in Revenue. The Revenue has grown by 20.97%.
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
ENPH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.78% yearly.
ENPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.65% yearly.
EPS Next Y18.08%
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.
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
With a Price/Earnings ratio of 9.51, the valuation of ENPH can be described as very reasonable.
Based on the Price/Earnings ratio, ENPH is valued cheaper than 99.11% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.37. ENPH is valued rather cheaply when compared to this.
ENPH is valuated correctly with a Price/Forward Earnings ratio of 14.17.
Based on the Price/Forward Earnings ratio, ENPH is valued cheaply inside the industry as 94.64% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ENPH to the average of the S&P500 Index (36.20), we can say ENPH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.51 | ||
| Fwd PE | 14.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ENPH is valued cheaper than 96.43% of the companies in the same industry.
91.07% 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 | 18.39 | ||
| EV/EBITDA | 8.39 |
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)0.53
PEG (5Y)0.47
EPS Next 2Y-4.62%
EPS Next 3Y2.58%
5. Dividend
5.1 Amount
ENPH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:ENPH (12/4/2025, 2:54:10 PM)
30.535
+1.14 (+3.9%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners96.21%
Inst Owner Change1.58%
Ins Owners3.13%
Ins Owner Change-0.02%
Market Cap4.00B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts63.81
Price Target40.5 (32.63%)
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)-6.43%
PT rev (3m)-4.89%
EPS NQ rev (1m)-16.16%
EPS NQ rev (3m)-14.26%
EPS NY rev (1m)2.06%
EPS NY rev (3m)4.19%
Revenue NQ rev (1m)-9.81%
Revenue NQ rev (3m)-9.31%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.51 | ||
| Fwd PE | 14.16 | ||
| P/S | 2.64 | ||
| P/FCF | 18.39 | ||
| P/OCF | 15.59 | ||
| P/B | 4.02 | ||
| P/tB | 5.3 | ||
| EV/EBITDA | 8.39 |
EPS(TTM)3.21
EY10.51%
EPS(NY)2.16
Fwd EY7.06%
FCF(TTM)1.66
FCFY5.44%
OCF(TTM)1.96
OCFY6.41%
SpS11.56
BVpS7.6
TBVpS5.76
PEG (NY)0.53
PEG (5Y)0.47
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 |
F-Score8
WACC9.14%
ROIC/WACC0.94
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.