28.85 USD
+1.03 (+3.7%)
28.95 USD
+0.1 (+0.35%)
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. 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.
In the past 5 years ENPH has always been profitable.
Each year in the past 5 years ENPH had a positive operating cash flow.
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 86.61% of its industry peers.
ENPH's Return On Invested Capital of 8.61% is fine compared to the rest of the industry. ENPH outperforms 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 10.76%.
| 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 has a better Profit Margin (12.93%) than 75.00% of its industry peers.
In the last couple of years the Profit Margin of ENPH has declined.
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's Gross Margin of 49.11% is fine compared to the rest of the industry. ENPH outperforms 60.71% 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.
Compared to 1 year ago, ENPH has less shares outstanding
ENPH has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ENPH is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.95 indicates that ENPH is not a great score, but indicates only limited risk for bankruptcy at the moment.
ENPH's Altman-Z score of 1.95 is on the low side compared to the rest of the industry. ENPH is outperformed by 66.07% of its industry peers.
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.
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.
ENPH's Debt to Equity ratio of 0.57 is on the low side compared to the rest of the industry. ENPH is outperformed by 69.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 1.95 |
ROIC/WACC0.92
WACC9.36%
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.
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
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.
The Earnings Per Share has been growing by 20.06% on average over the past years. This is a very strong growth
ENPH shows a strong growth in Revenue. In the last year, 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
Based on estimates for the next years, ENPH will show a small growth in Earnings Per Share. The EPS will grow by 7.78% on average per year.
Based on estimates for the next years, ENPH will show a small growth in Revenue. The Revenue will grow by 2.65% on average per year.
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
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.
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 8.99, which indicates a very decent 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.
ENPH is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 13.38, which indicates a correct valuation of ENPH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ENPH indicates a rather cheap valuation: ENPH is cheaper than 93.75% 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 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.99 | ||
| Fwd PE | 13.38 |
4.2 Price Multiples
94.64% 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 cheaply inside the industry as 91.07% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.36 | ||
| EV/EBITDA | 7.69 |
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)0.5
PEG (5Y)0.45
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 |
28.85
+1.03 (+3.7%)
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 Cap3.77B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts63.81
Price Target40.5 (40.38%)
Short Float %22.31%
Short Ratio3.33
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)-5.69%
PT rev (3m)-4.89%
EPS NQ rev (1m)-17.76%
EPS NQ rev (3m)-13.21%
EPS NY rev (1m)2.06%
EPS NY rev (3m)4.19%
Revenue NQ rev (1m)-10.36%
Revenue NQ rev (3m)-8.85%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.99 | ||
| Fwd PE | 13.38 | ||
| P/S | 2.49 | ||
| P/FCF | 17.36 | ||
| P/OCF | 14.72 | ||
| P/B | 3.79 | ||
| P/tB | 5.01 | ||
| EV/EBITDA | 7.69 |
EPS(TTM)3.21
EY11.13%
EPS(NY)2.16
Fwd EY7.47%
FCF(TTM)1.66
FCFY5.76%
OCF(TTM)1.96
OCFY6.79%
SpS11.57
BVpS7.61
TBVpS5.76
PEG (NY)0.5
PEG (5Y)0.45
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 | 1.95 |
F-Score8
WACC9.36%
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 Y18.08%
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.