Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. More Details
Exceptional growth potential with adequate balance sheet.
Share Price & News
How has Enphase Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ENPH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ENPH's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ENPH exceeded the US Semiconductor industry which returned 53.2% over the past year.
Return vs Market: ENPH exceeded the US Market which returned 33.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Enphase Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Now An Opportune Moment To Examine Enphase Energy, Inc. (NASDAQ:ENPH)?
3 weeks ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Enphase Energy, Inc.'s (NASDAQ:ENPH) Shares?
1 month ago | Simply Wall StCalculating The Intrinsic Value Of Enphase Energy, Inc. (NASDAQ:ENPH)
Is Enphase Energy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ENPH ($183.45) is trading below our estimate of fair value ($202.92)
Significantly Below Fair Value: ENPH is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ENPH is poor value based on its PE Ratio (129.9x) compared to the US Semiconductor industry average (33.4x).
PE vs Market: ENPH is poor value based on its PE Ratio (129.9x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: ENPH is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: ENPH is overvalued based on its PB Ratio (42.2x) compared to the US Semiconductor industry average (4.8x).
How is Enphase Energy forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENPH's forecast earnings growth (37% per year) is above the savings rate (2%).
Earnings vs Market: ENPH's earnings (37% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ENPH's revenue (22% per year) is forecast to grow faster than the US market (9.1% per year).
High Growth Revenue: ENPH's revenue (22% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ENPH's Return on Equity is forecast to be high in 3 years time (34.7%)
How has Enphase Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENPH has a large one-off loss of $61.0M impacting its June 30 2021 financial results.
Growing Profit Margin: ENPH's current net profit margins (17.3%) are lower than last year (23.5%).
Past Earnings Growth Analysis
Earnings Trend: ENPH has become profitable over the past 5 years, growing earnings by 71.1% per year.
Accelerating Growth: ENPH's earnings growth over the past year (8.3%) is below its 5-year average (71.1% per year).
Earnings vs Industry: ENPH earnings growth over the past year (8.3%) underperformed the Semiconductor industry 51.1%.
Return on Equity
High ROE: Whilst ENPH's Return on Equity (31.38%) is high, this metric is skewed due to their high level of debt.
How is Enphase Energy's financial position?
Financial Position Analysis
Short Term Liabilities: ENPH's short term assets ($1.7B) exceed its short term liabilities ($356.6M).
Long Term Liabilities: ENPH's short term assets ($1.7B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: ENPH's debt to equity ratio (173.5%) is considered high.
Reducing Debt: ENPH's debt to equity ratio has increased from 102.2% to 173.5% over the past 5 years.
Debt Coverage: ENPH's debt is well covered by operating cash flow (28.9%).
Interest Coverage: ENPH's interest payments on its debt are well covered by EBIT (8.3x coverage).
What is Enphase Energy current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ENPH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ENPH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ENPH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ENPH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ENPH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Badri Kothandaraman (48 yo)
Mr. Badrinarayanan Kothandaraman, also known as Badri, is the President and Chief Executive Officer of Enphase Energy, Inc. since September 3, 2017. He serves as Director at Enphase Energy, Inc since Septe...
CEO Compensation Analysis
Compensation vs Market: Badri's total compensation ($USD5.24M) is below average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Badri's compensation has increased by more than 20% in the past year.
Experienced Management: ENPH's management team is considered experienced (3.7 years average tenure).
Experienced Board: ENPH's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ENPH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.
Enphase Energy, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Enphase Energy, Inc.
- Ticker: ENPH
- Exchange: NasdaqGM
- Founded: 2006
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$24.696b
- Shares outstanding: 134.62m
- Website: https://www.enphase.com
Number of Employees
- Enphase Energy, Inc.
- 47281 Bayside Parkway
- United States
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The comp...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/05 23:05|
|End of Day Share Price||2021/08/05 00:00|
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 here.