ENPHASE ENERGY INC (ENPH) Stock Fundamental Analysis
USA - NASDAQ:ENPH - US29355A1079 - Common Stock
30.84 USD
-2 (-6.09%)
30.9 USD
+0.06 (+0.19%)
Overall ENPH gets a fundamental rating of 5 out of 10. We evaluated ENPH against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of ENPH get a neutral evaluation. Nothing too spectacular is happening here. 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.
In the past 5 years ENPH always reported a positive cash flow from operatings.
1.2 Ratios
ENPH has a better Return On Assets (5.89%) than 72.32% of its industry peers.
The Return On Equity of ENPH (19.66%) is better than 85.71% of its industry peers.
ENPH has a better Return On Invested Capital (8.61%) than 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 10.93%.
| 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.
In the last couple of years the Profit Margin of ENPH has declined.
ENPH has a better Operating Margin (14.31%) than 71.43% of its industry peers.
In the last couple of years the Operating Margin of ENPH has declined.
ENPH's Gross Margin of 49.11% is in line compared 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
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.
The number of shares outstanding for ENPH has been increased compared to 5 years ago.
Compared to 1 year ago, ENPH has a worse debt to assets ratio.
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.
The Altman-Z score of ENPH (2.12) is worse than 65.18% 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 of 5.54. This is comparable to the rest of the industry: ENPH outperforms 56.25% of its industry peers.
ENPH has a Debt/Equity ratio of 0.57. This is a neutral value indicating 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: 70.54% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 5.54 | ||
| Altman-Z | 2.12 |
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.
With a Quick ratio value of 1.88, ENPH perfoms like the industry average, outperforming 44.64% 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.
ENPH shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.06% yearly.
ENPH shows a strong growth in Revenue. In the last year, 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
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.
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 9.61.
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 26.35. ENPH is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 14.30, 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 90.18% 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 33.72.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.61 | ||
| Fwd PE | 14.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ENPH is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ENPH is valued cheaply inside the industry as 88.39% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.56 | ||
| EV/EBITDA | 9.9 |
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)0.48
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 |
30.84
-2 (-6.09%)
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 Cap4.03B
Revenue(TTM)1.51B
Net Income(TTM)195.58M
Analysts63.81
Price Target43.28 (40.34%)
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 | 9.61 | ||
| Fwd PE | 14.3 | ||
| P/S | 2.67 | ||
| P/FCF | 18.56 | ||
| P/OCF | 15.74 | ||
| P/B | 4.05 | ||
| P/tB | 5.35 | ||
| EV/EBITDA | 9.9 |
EPS(TTM)3.21
EY10.41%
EPS(NY)2.16
Fwd EY6.99%
FCF(TTM)1.66
FCFY5.39%
OCF(TTM)1.96
OCFY6.35%
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 | 2.12 |
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.