32.85 USD
+0.63 (+1.96%)
32.84 USD
-0.01 (-0.03%)
Overall ENPH gets a fundamental rating of 5 out of 10. We evaluated ENPH against 113 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
In the past year ENPH was profitable.
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
The Return On Assets of ENPH (5.89%) is better than 69.91% of its industry peers.
ENPH has a better Return On Equity (19.66%) than 84.96% of its industry peers.
ENPH's Return On Invested Capital of 8.61% is fine compared to the rest of the industry. ENPH outperforms 77.88% of its industry peers.
The Average Return On Invested Capital over the past 3 years 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
ENPH has a Profit Margin of 12.93%. This is in the better half of the industry: ENPH outperforms 70.80% of its industry peers.
In the last couple of years the Profit Margin of ENPH has declined.
ENPH has a better Operating Margin (14.31%) than 70.80% of its industry peers.
In the last couple of years the Operating Margin of ENPH has declined.
ENPH has a better Gross Margin (49.11%) than 60.18% 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
ENPH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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
An Altman-Z score of 2.12 indicates that ENPH is not a great score, but indicates only limited risk for bankruptcy at the moment.
ENPH's Altman-Z score of 2.12 is on the low side compared to the rest of the industry. ENPH is outperformed by 65.49% 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.
ENPH has a Debt to FCF ratio (5.54) which 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 has a Debt to Equity ratio of 0.57. This is in the lower half of the industry: ENPH underperforms 70.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2.12 |
ROIC/WACC0.91
WACC9.51%
2.3 Liquidity
ENPH has a Current Ratio of 2.04. This indicates that ENPH is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of ENPH (2.04) is worse than 73.45% of its industry peers.
A Quick Ratio of 1.88 indicates that ENPH should not have too much problems paying 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.
ENPH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.06% yearly.
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
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
The Price/Earnings ratio is 10.23, 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 26.59, which is the current average of the S&P500 Index.
ENPH is valuated correctly with a Price/Forward Earnings ratio of 15.39.
92.92% of the companies in the same industry are more expensive than ENPH, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.03, ENPH is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.23 | ||
| Fwd PE | 15.39 |
4.2 Price Multiples
93.81% of the companies in the same industry are more expensive than ENPH, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ENPH indicates a rather cheap valuation: ENPH is cheaper than 90.27% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.78 | ||
| EV/EBITDA | 9.92 |
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.
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
ENPH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
32.85
+0.63 (+1.96%)
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-0.06%
Market Cap4.30B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts57.5
Price TargetN/A
Short Float %23.77%
Short Ratio3.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)-0.41%
Revenue NQ rev (3m)-10.47%
Revenue NY rev (1m)-0.93%
Revenue NY rev (3m)-0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.23 | ||
| Fwd PE | 15.39 | ||
| P/S | 2.84 | ||
| P/FCF | 19.78 | ||
| P/OCF | 16.78 | ||
| P/B | 4.32 | ||
| P/tB | 5.71 | ||
| EV/EBITDA | 9.92 |
EPS(TTM)3.21
EY9.77%
EPS(NY)2.13
Fwd EY6.5%
FCF(TTM)1.66
FCFY5.05%
OCF(TTM)1.96
OCFY5.96%
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
WACC9.51%
ROIC/WACC0.91
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.