NasdaqGM:ENPH

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Executive Summary

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


Snowflake Analysis

Exceptional growth potential with outstanding track record.


Similar Companies

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

ENPH

-3.7%

US Semiconductor

-4.1%

US Market


1 Year Return

444.4%

ENPH

35.1%

US Semiconductor

12.0%

US Market

Return vs Industry: ENPH exceeded the US Semiconductor industry which returned 35.1% over the past year.

Return vs Market: ENPH exceeded the US Market which returned 12% over the past year.


Shareholder returns

ENPHIndustryMarket
7 Day-0.8%-3.7%-4.1%
30 Day24.1%-0.1%-0.2%
90 Day69.8%8.5%2.8%
1 Year444.4%444.4%37.6%35.1%14.6%12.0%
3 Year6,826.4%6,826.4%68.0%59.2%35.8%26.8%
5 Year4,580.8%4,580.8%224.9%193.7%75.2%55.6%

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

Valuation

Is Enphase Energy undervalued compared to its fair value and its price relative to the market?

71.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ENPH ($102.51) is trading above our estimate of fair value ($69.47)

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


Price To Earnings Ratio

PE vs Industry: ENPH is poor value based on its PE Ratio (71.8x) compared to the US Semiconductor industry average (38.2x).

PE vs Market: ENPH is poor value based on its PE Ratio (71.8x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: ENPH is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: ENPH is overvalued based on its PB Ratio (31.1x) compared to the US Semiconductor industry average (3.2x).


Next Steps

Future Growth

How is Enphase Energy forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

33.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENPH's forecast earnings growth (33.9% per year) is above the savings rate (2.2%).

Earnings vs Market: ENPH's earnings (33.9% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ENPH's revenue (28.5% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: ENPH's revenue (28.5% 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 very high in 3 years time (43.3%).


Next Steps

Past Performance

How has Enphase Energy performed over the past 5 years?

70.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENPH has high quality earnings.

Growing Profit Margin: ENPH's current net profit margins (24.7%) are higher than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: ENPH has become profitable over the past 5 years, growing earnings by 70.4% per year.

Accelerating Growth: ENPH's earnings growth over the past year (282.5%) exceeds its 5-year average (70.4% per year).

Earnings vs Industry: ENPH earnings growth over the past year (282.5%) exceeded the Semiconductor industry 14.6%.


Return on Equity

High ROE: ENPH's Return on Equity (42.7%) is considered outstanding.


Next Steps

Financial Health

How is Enphase Energy's financial position?


Financial Position Analysis

Short Term Liabilities: ENPH's short term assets ($850.2M) exceed its short term liabilities ($256.5M).

Long Term Liabilities: ENPH's short term assets ($850.2M) exceed its long term liabilities ($419.6M).


Debt to Equity History and Analysis

Debt Level: ENPH's debt to equity ratio (86.5%) is considered high.

Reducing Debt: ENPH's debt to equity ratio has increased from 32.2% to 86.5% over the past 5 years.

Debt Coverage: ENPH's debt is well covered by operating cash flow (65.1%).

Interest Coverage: ENPH's interest payments on its debt are well covered by EBIT (10.1x coverage).


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Badri Kothandaraman (47 yo)

3.08yrs

Tenure

US$3,886,852

Compensation

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 ($USD3.89M) is below average for companies of similar size in the US market ($USD11.21M).

Compensation vs Earnings: Badri's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Badrinarayanan Kothandaraman
President3.08yrsUS$3.89m0.65%
$ 84.5m
Eric Branderiz
Executive VP & CFO2.33yrsUS$1.83m0.079%
$ 10.2m
Jeff McNeil
Executive VP & COO1.5yrsUS$1.43m0.10%
$ 13.2m
David Ranhoff
Executive VP & Chief Commercial Officer2.83yrsUS$885.40k0.35%
$ 45.8m
Martin Fornage
Co-Founder & Technical Advisor14.58yrsUS$1.05mno data
Raghuveer Belur
Co-Founder & Chief Products Officer14.58yrsUS$758.90kno data
Mandy Yang
Chief Accounting Officer & Corporate Treasurer2yrsno data0.016%
$ 2.1m
Adam Hinckley
Senior Director of Investor Relationsno datano datano data
Lisan Hung
VP, General Counsel & Corporate Secretaryno datano datano data
Nathan Dunn
Managing Director of APAC6.5yrsno datano data

3.0yrs

Average Tenure

55yo

Average Age

Experienced Management: ENPH's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Badrinarayanan Kothandaraman
President3.08yrsUS$3.89m0.65%
$ 84.5m
Thurman Rodgers
Independent Director3.75yrsUS$125.00k1.12%
$ 144.6m
Steven Gomo
Lead Independent Directorno dataUS$183.00k0%
$ 0
Richard Mora
Independent Director6.58yrsUS$132.00k0%
$ 0
Jamie Rosand Haenggi
Director0.17yrno datano data
Benjamin Kortlang
Independent Director10.42yrsUS$134.00k0.58%
$ 75.4m
Joseph Malchow
Director0.58yrno data0.068%
$ 8.8m

3.4yrs

Average Tenure

50yo

Average Age

Experienced Board: ENPH's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Enphase Energy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Enphase Energy, Inc.
  • Ticker: ENPH
  • Exchange: NasdaqGM
  • Founded: 2006
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$12.950b
  • Shares outstanding: 126.33m
  • Website: https://www.enphase.com

Number of Employees


Location

  • Enphase Energy, Inc.
  • 47281 Bayside Parkway
  • Fremont
  • California
  • 94538
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENPHNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 2012
E0PDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2012
0QYELSE (London Stock Exchange)YesCommon StockGBUSDMar 2012
ENPH *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNMar 2012

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 03:39
End of Day Share Price2020/10/29 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.