Enphase Energy, Inc.

BMV:ENPH * Stock Report

Market Cap: Mex$117.1b

Enphase Energy Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
Mex$778.35
Fair Value
13.1% overvalued intrinsic discount
38
Number of Analysts

Below Fair Value: ENPH * (MX$880) is trading above our estimate of fair value (MX$790.79)

Significantly Below Fair Value: ENPH * is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENPH *?

Key metric: As ENPH * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ENPH *. This is calculated by dividing ENPH *'s market cap by their current earnings.
What is ENPH *'s PE Ratio?
PE Ratio40.3x
EarningsUS$148.49m
Market CapUS$5.98b

Price to Earnings Ratio vs Peers

How does ENPH *'s PE Ratio compare to its peers?

The above table shows the PE ratio for ENPH * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.6x
ONTO Onto Innovation
30.1x22.3%US$6.2b
6525 Kokusai Electric
20.8x16.7%JP¥658.2b
BESI BE Semiconductor Industries
44.2x24.4%€7.9b
A042700 HANMI Semiconductor
47.4x39.2%₩7.2t
ENPH * Enphase Energy
40.3x26.4%Mex$6.0b

Price-To-Earnings vs Peers: ENPH * is expensive based on its Price-To-Earnings Ratio (40.3x) compared to the peer average (35.6x).

Price to Earnings Ratio vs Industry

How does ENPH *'s PE Ratio compare vs other companies in the Global Semiconductor Industry?

23 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies98PE020406080100+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENPH * is expensive based on its Price-To-Earnings Ratio (40.3x) compared to the Global Semiconductor industry average (26.2x).

Price to Earnings Ratio vs Fair Ratio

What is ENPH *'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.

ENPH * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ENPH *'s Price-To-Earnings Fair Ratio for valuation analysis.

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 ENPH * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$890.00
Mex$1,165.29
+30.9%
30.8%Mex$2,458.85Mex$649.14n/a38
Apr ’26Mex$1,266.00
Mex$1,626.93
+28.5%
20.2%Mex$2,558.41Mex$1,105.23n/a36
Mar ’26Mex$1,188.00
Mex$1,673.20
+40.8%
19.6%Mex$2,558.65Mex$1,105.34n/a34
Feb ’26Mex$1,288.00
Mex$1,825.30
+41.7%
23.4%Mex$3,004.34Mex$1,181.02n/a34
Jan ’26Mex$1,445.00
Mex$1,943.96
+34.5%
24.3%Mex$2,947.92Mex$1,199.50n/a36
Dec ’25Mex$1,500.00
Mex$1,981.48
+32.1%
24.8%Mex$2,962.65Mex$1,205.49n/a36
Nov ’25Mex$1,710.00
Mex$2,116.96
+23.8%
21.1%Mex$3,075.92Mex$1,438.09n/a36
Oct ’25Mex$2,226.93
Mex$2,511.36
+12.8%
16.1%Mex$3,346.96Mex$1,614.42n/a36
Sep ’25Mex$2,444.00
Mex$2,477.27
+1.4%
15.8%Mex$3,286.46Mex$1,585.23n/a38
Aug ’25Mex$2,052.01
Mex$2,371.88
+15.6%
15.0%Mex$3,136.77Mex$1,513.03n/a37
Jul ’25Mex$1,785.90
Mex$2,328.79
+30.4%
15.7%Mex$2,982.56Mex$1,275.67n/a37
Jun ’25Mex$2,170.00
Mex$2,174.15
+0.2%
15.4%Mex$2,799.34Mex$1,204.56n/a38
May ’25Mex$1,887.00
Mex$2,160.51
+14.5%
15.2%Mex$2,829.19Mex$1,217.41Mex$875.0040
Apr ’25Mex$1,977.50
Mex$2,133.89
+7.9%
15.9%Mex$2,865.59Mex$1,142.92Mex$1,266.0038
Mar ’25Mex$2,202.00
Mex$2,174.56
-1.2%
16.9%Mex$2,952.52Mex$1,177.60Mex$1,188.0037
Feb ’25Mex$1,766.00
Mex$2,108.80
+19.4%
19.0%Mex$2,856.64Mex$1,290.65Mex$1,288.0035
Jan ’25Mex$2,265.88
Mex$2,035.25
-10.2%
25.9%Mex$3,905.42Mex$1,273.51Mex$1,445.0036
Dec ’24Mex$1,819.96
Mex$1,940.67
+6.6%
28.2%Mex$3,955.86Mex$1,117.96Mex$1,500.0036
Nov ’24Mex$1,350.00
Mex$2,080.93
+54.1%
28.9%Mex$4,096.83Mex$1,335.92Mex$1,710.0035
Oct ’24Mex$2,100.01
Mex$3,198.15
+52.3%
18.2%Mex$4,559.40Mex$1,983.86Mex$2,226.9333
Sep ’24Mex$2,192.00
Mex$3,271.07
+49.2%
16.2%Mex$4,433.59Mex$2,030.65Mex$2,444.0032
Aug ’24Mex$2,533.05
Mex$3,328.70
+31.4%
17.8%Mex$5,071.15Mex$2,251.99Mex$2,052.0132
Jul ’24Mex$2,879.00
Mex$4,194.01
+45.7%
16.0%Mex$5,426.88Mex$2,824.72Mex$1,785.9034
Jun ’24Mex$3,191.18
Mex$4,487.33
+40.6%
17.2%Mex$6,083.88Mex$2,943.81Mex$2,170.0034
May ’24Mex$2,927.00
Mex$4,668.96
+59.5%
13.6%Mex$6,131.15Mex$2,966.68Mex$1,887.0034
AnalystConsensusTarget
Consensus Narrative from 38 Analysts
Mex$1.17k
Fair Value
25.0% undervalued intrinsic discount
38
Number of Analysts

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/05 17:22
End of Day Share Price 2025/05/02 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Enphase Energy, Inc. is covered by 68 analysts. 38 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Christine ChoBarclays
Ameet ThakkarBMO Capital Markets Equity Research