Enphase Energy, Inc.

LSE:0QYE Stock Report

Market Cap: US$9.0b

Enphase Energy Valuation

Is 0QYE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0QYE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QYE ($70.89) is trading below our estimate of fair value ($195.6)

Significantly Below Fair Value: 0QYE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QYE?

Key metric: As 0QYE is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QYE. This is calculated by dividing 0QYE's market cap by their current earnings.
What is 0QYE's PE Ratio?
PE Ratio145.8x
EarningsUS$61.42m
Market CapUS$8.96b

Price to Earnings Ratio vs Peers

How does 0QYE's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QYE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average152.9x
IQE IQE
n/a13.7%UK£120.9m
ONTO Onto Innovation
44.5x30.2%US$8.2b
688126 National Silicon Industry GroupLtd
n/a67.0%CN¥58.7b
MKSI MKS Instruments
261.3x70.8%US$7.7b
0QYE Enphase Energy
158.2x46.2%US$9.0b

Price-To-Sales vs Peers: 0QYE is good value based on its Price-To-Sales Ratio (7.8x) compared to the peer average (9.3x).

Price to Earnings Ratio vs Industry

How does 0QYE's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of CompaniesPE048121620

Fetching data

0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0QYE is expensive based on its Price-To-Sales Ratio (7.8x) compared to the European Semiconductor industry average (1.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0QYE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0QYE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio145.8x
Fair PE Ratio51.6x

Price-To-Sales vs Fair Ratio: 0QYE is expensive based on its Price-To-Sales Ratio (7.8x) compared to the estimated Fair Price-To-Sales Ratio (5.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0QYE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$70.89
US$98.18
+38.5%
24.2%US$145.00US$59.00n/a36
Nov ’25US$84.09
US$105.99
+26.0%
21.1%US$154.00US$72.00n/a36
Oct ’25US$112.15
US$127.56
+13.7%
16.1%US$170.00US$82.00n/a36
Sep ’25US$119.88
US$128.14
+6.9%
15.8%US$170.00US$82.00n/a38
Aug ’25US$110.50
US$128.55
+16.3%
15.0%US$170.00US$82.00n/a37
Jul ’25US$98.16
US$129.61
+32.0%
15.7%US$166.00US$71.00n/a37
Jun ’25US$127.08
US$128.15
+0.8%
15.4%US$165.00US$71.00n/a38
May ’25US$106.96
US$126.00
+17.8%
15.2%US$165.00US$71.00n/a40
Apr ’25US$120.29
US$128.83
+7.1%
15.9%US$173.00US$69.00n/a38
Mar ’25US$129.88
US$127.42
-1.9%
16.9%US$173.00US$69.00n/a37
Feb ’25US$106.23
US$122.54
+15.4%
19.0%US$166.00US$75.00n/a35
Jan ’25US$133.80
US$119.86
-10.4%
25.9%US$230.00US$75.00n/a36
Dec ’24US$105.14
US$112.83
+7.3%
28.2%US$230.00US$65.00n/a36
Nov ’24US$76.51
US$116.83
+52.7%
28.9%US$230.00US$75.00US$84.0935
Oct ’24US$119.50
US$183.78
+53.8%
18.2%US$262.00US$114.00US$112.1533
Sep ’24US$128.94
US$193.30
+49.9%
16.2%US$262.00US$120.00US$119.8832
Aug ’24US$150.51
US$199.55
+32.6%
17.8%US$304.00US$135.00US$110.5032
Jul ’24US$167.91
US$244.98
+45.9%
16.0%US$317.00US$165.00US$98.1634
Jun ’24US$183.16
US$251.51
+37.3%
17.2%US$341.00US$165.00US$127.0834
May ’24US$162.95
US$259.68
+59.4%
13.6%US$341.00US$165.00US$106.9634
Apr ’24US$208.84
US$288.19
+38.0%
14.3%US$365.00US$180.00US$120.2932
Mar ’24US$212.31
US$290.66
+36.9%
14.7%US$365.00US$180.00US$129.8829
Feb ’24US$220.94
US$298.69
+35.2%
15.5%US$365.00US$190.00US$106.2326
Jan ’24US$263.10
US$315.51
+19.9%
15.7%US$379.00US$190.00US$133.8029
Dec ’23US$316.14
US$306.55
-3.0%
15.2%US$363.00US$190.00US$105.1427
Nov ’23US$302.11
US$303.73
+0.5%
15.2%US$363.00US$190.00US$76.5126

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

ON Semiconductor

US$29.6b

Provides intelligent sensing and power solutions in the United States and internationally.

0KC4

US$72.64

7D

10.4%

1Y

5.2%

ams-OSRAM

CHF 597.2m

Designs, manufactures, and sells LED and optical sensor solutions in Europe, the Middle East, Africa, the Americas, and the Asia/Pacific.

0QWC

CHF 6.05

7D

4.3%

1Y

-56.9%

STMicroelectronics

€22.0b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

0L9Y

€25.70

7D

3.0%

1Y

-43.8%