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.
Excellent balance sheet with reasonable growth potential.
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.
7 Day Return
1 Year Return
Return vs Industry: ENPH exceeded the US Semiconductor industry which returned -1.7% over the past year.
Return vs Market: ENPH exceeded the US Market which returned -13.6% over the past year.
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 StHere's Why We Don't Think Enphase Energy's (NASDAQ:ENPH) Statutory Earnings Reflect Its Underlying Earnings Potential
3 weeks ago | Simply Wall StIs Enphase Energy, Inc.'s (NASDAQ:ENPH) CEO Paid At A Competitive Rate?
1 month ago | Simply Wall StShould You Like Enphase Energy, Inc.’s (NASDAQ:ENPH) High Return On Capital Employed?
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 ($29.92) is trading below our estimate of fair value ($47.45)
Significantly Below Fair Value: ENPH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ENPH is good value based on its PE Ratio (21.7x) compared to the Semiconductor industry average (26.3x).
PE vs Market: ENPH is poor value based on its PE Ratio (21.7x) compared to the US market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: ENPH is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: ENPH is overvalued based on its PB Ratio (13.5x) compared to the US Semiconductor industry average (2.3x).
How is Enphase Energy forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENPH's forecast earnings growth (13.3% per year) is above the savings rate (1.7%).
Earnings vs Market: ENPH's earnings (13.3% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: ENPH's earnings are forecast to grow, but not significantly.
Revenue vs Market: ENPH's revenue (18.1% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: ENPH's revenue (18.1% per year) is forecast to grow slower 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 (44.6%).
How has Enphase Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ENPH has a high level of non-cash earnings.
Growing Profit Margin: ENPH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ENPH has become profitable over the past 5 years, growing earnings by 37.8% per year.
Accelerating Growth: ENPH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ENPH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.5%).
Return on Equity
High ROE: ENPH's Return on Equity (59.2%) is considered outstanding.
How is Enphase Energy's financial position?
Financial Position Analysis
Short Term Liabilities: ENPH's short term assets ($499.7M) exceed its short term liabilities ($199.3M).
Long Term Liabilities: ENPH's short term assets ($499.7M) exceed its long term liabilities ($241.7M).
Debt to Equity History and Analysis
Debt Level: ENPH's debt to equity ratio (38.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ENPH's debt to equity ratio has reduced over the past 5 years.
Inventory Level: ENPH has a low level of unsold assets or inventory.
Debt Coverage by Assets: ENPH's debt is covered by short term assets (assets are 4.7x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ENPH is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: ENPH is profitable, therefore cash runway is not a concern.
What is Enphase Energy's 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 payouts.
High Dividend: Unable to evaluate ENPH's dividend yield against the top 25% of dividend payers, as the company has not reported any 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 (46yo)
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 ($USD5.63M).
Compensation vs Earnings: Badri's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||1.83yrs||US$1.83m||0.16% $5.7m|
|Executive VP & COO||1yr||US$1.43m||0.14% $4.9m|
|Executive VP & Chief Commercial Officer||2.33yrs||US$885.40k||0.089% $3.1m|
|Co-Founder & CTO||14.08yrs||US$1.05m||no data|
|Co-Founder & Chief Products Officer||14.08yrs||US$758.90k||no data|
|VP, CAO||1.5yrs||no data||0.029% $1.0m|
|Senior Director of Investor Relations||no data||no data||no data|
|VP & General Counsel||no data||no data||no data|
|Managing Director of APAC||6yrs||no data||no data|
Experienced Management: ENPH's management team is considered experienced (2.5 years average tenure).
|Independent Director||3.25yrs||US$125.00k||2.75% $97.7m|
|Lead Independent Director||no data||US$183.00k||no data|
|Independent Director||6.17yrs||US$132.00k||no data|
|Independent Director||9.92yrs||US$134.00k||0.71% $25.3m|
|Director||0.17yr||no data||0.029% $1.0m|
Experienced Board: ENPH's board of directors are considered experienced (3.3 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 17.2%.
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$3.553b
- Shares outstanding: 123.85m
- Website: https://www.enphase.com
Number of Employees
- Enphase Energy, Inc.
- 47281 Bayside Parkway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ENPH||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Mar 2012|
|E0P||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 2012|
|E0P||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Mar 2012|
|0QYE||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Mar 2012|
|ENPH *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Mar 2012|
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 company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as directly to the homeowners and the do-it-yourself market through its legacy product upgrade program or online store. Enphase Energy, Inc. was founded in 2006 and is headquartered in Fremont, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 08:20|
|End of Day Share Price||2020/04/03 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.