ENPH Stock Overview
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.
Enphase Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$134.58|
|52 Week High||US$282.46|
|52 Week Low||US$108.88|
|1 Month Change||-24.70%|
|3 Month Change||-25.15%|
|1 Year Change||-32.51%|
|3 Year Change||1,967.28%|
|5 Year Change||7,770.18%|
|Change since IPO||1,733.52%|
Recent News & Updates
There's Been No Shortage Of Growth Recently For Enphase Energy's (NASDAQ:ENPH) Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Enphase Energy: There Are Growth Drivers, But Expectations Are Priced In
ENPH is currently the market leader in solar inverter technology, with a 15.57% market share in the US in Q3 2021. The market potential is still huge. The IQ8 solar microinverters will be of immense value to the company's business in the future as the device is unparalleled in the industry. The company has a lot of drivers for profitability growth. We expect significant growth in margins and recovery in asset turnover in the coming years. However, the company is trading at a fair price. Expectations are priced in.
|ENPH||US Semiconductor||US Market|
Return vs Industry: ENPH underperformed the US Semiconductor industry which returned 26.2% over the past year.
Return vs Market: ENPH underperformed the US Market which returned 10.2% over the past year.
|ENPH Average Weekly Movement||10.6%|
|Semiconductor Industry Average Movement||7.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: ENPH is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: ENPH's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
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.
Enphase Energy Fundamentals Summary
|ENPH fundamental statistics|
Is ENPH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ENPH income statement (TTM)|
|Cost of Revenue||US$721.12m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.23|
|Net Profit Margin||13.44%|
How did ENPH perform over the long term?See historical performance and comparison
Is Enphase Energy undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ENPH ($134.58) is trading above our estimate of fair value ($107.19)
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 (109.5x) compared to the US Semiconductor industry average (30.2x).
PE vs Market: ENPH is poor value based on its PE Ratio (109.5x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: ENPH is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: ENPH is overvalued based on its PB Ratio (28x) compared to the US Semiconductor industry average (4.4x).
How is Enphase Energy forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ENPH's forecast earnings growth (32.9% per year) is above the savings rate (2%).
Earnings vs Market: ENPH's earnings (32.9% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ENPH's revenue (21.9% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: ENPH's revenue (21.9% 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 (27%)
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 $60.3M impacting its September 30 2021 financial results.
Growing Profit Margin: ENPH's current net profit margins (13.4%) are lower than last year (24.7%).
Past Earnings Growth Analysis
Earnings Trend: ENPH has become profitable over the past 5 years, growing earnings by 69% per year.
Accelerating Growth: ENPH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ENPH had negative earnings growth (-6.7%) over the past year, making it difficult to compare to the Semiconductor industry average (80.5%).
Return on Equity
High ROE: Whilst ENPH's Return on Equity (25.6%) 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 ($1.8B) exceed its short term liabilities ($393.5M).
Long Term Liabilities: ENPH's short term assets ($1.8B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: ENPH has more cash than its total debt.
Reducing Debt: ENPH's debt to equity ratio has reduced from 359.5% to 158.4% over the past 5 years.
Debt Coverage: ENPH's debt is well covered by operating cash flow (33%).
Interest Coverage: ENPH's interest payments on its debt are well covered by EBIT (6.4x coverage).
What is Enphase Energy current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ENPH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ENPH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ENPH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ENPH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ENPH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Badri Kothandaraman (48 yo)
Mr. Badrinarayanan Kothandaraman, also known as Badri, is the President and Chief Executive Officer of Enphase Energy, Inc. since September 3, 2017. He serves as Director at Enphase Energy, Inc since Septe...
CEO Compensation Analysis
Compensation vs Market: Badri's total compensation ($USD5.24M) is below average for companies of similar size in the US market ($USD11.29M).
Compensation vs Earnings: Badri's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: ENPH's management team is considered experienced (4.1 years average tenure).
Experienced Board: ENPH's board of directors are considered experienced (5 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 employee growth, exchange listings and data sources
- Name: Enphase Energy, Inc.
- Ticker: ENPH
- Exchange: NasdaqGM
- Founded: 2006
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: US$18.157b
- Shares outstanding: 134.91m
- Website: https://www.enphase.com
Number of Employees
- Enphase Energy, Inc.
- 47281 Bayside Parkway
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:45|
|End of Day Share Price||2022/01/19 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.