ENPH Valuation

Enphase Energy Inc

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32.690

+0.25(0.771%)1D

Overview
Forecast
Valuation
Earnings

ENPH Relative Valuation

ENPH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ENPH is overvalued; if below, it's undervalued.

Historical Valuation

Enphase Energy Inc (ENPH) is now in the Undervalued zone, suggesting that its current forward PE ratio of 13.45 is considered Undervalued compared with the five-year average of 46.44. The fair price of Enphase Energy Inc (ENPH) is between 81.09 to 162.86 according to relative valuation methord. Compared to the current price of 32.89 USD , Enphase Energy Inc is Undervalued By 59.44%.

Relative Value

Fair Zone

81.09-162.86

Current Price：32.89

59.44%

Undervalued

13.45

Trailing

Forward

9.99

EV/EBITDA

Enphase Energy Inc. (ENPH) has a current EV/EBITDA of 9.99. The 5-year average EV/EBITDA is 37.12. The thresholds are as follows: Strongly Undervalued below 3.67, Undervalued between 3.67 and 20.39, Fairly Valued between 53.84 and 20.39, Overvalued between 53.84 and 70.57, and Strongly Overvalued above 70.57. The current Forward EV/EBITDA of 9.99 falls within the Undervalued range.

43.41

EV/EBIT

Enphase Energy Inc. (ENPH) has a current EV/EBIT of 43.41. The 5-year average EV/EBIT is 72.48. The thresholds are as follows: Strongly Undervalued below 1.30, Undervalued between 1.30 and 36.89, Fairly Valued between 108.08 and 36.89, Overvalued between 108.08 and 143.67, and Strongly Overvalued above 143.67. The current Forward EV/EBIT of 43.41 falls within the Historic Trend Line -Fairly Valued range.

2.97

Enphase Energy Inc. (ENPH) has a current PS of 2.97. The 5-year average PS is 10.76. The thresholds are as follows: Strongly Undervalued below 3.01, Undervalued between 3.01 and 6.89, Fairly Valued between 14.64 and 6.89, Overvalued between 14.64 and 18.52, and Strongly Overvalued above 18.52. The current Forward PS of 2.97 falls within the Strongly Undervalued range.

9.48

P/OCF

Enphase Energy Inc. (ENPH) has a current P/OCF of 9.48. The 5-year average P/OCF is 41.80. The thresholds are as follows: Strongly Undervalued below 1.80, Undervalued between 1.80 and 21.80, Fairly Valued between 61.79 and 21.80, Overvalued between 61.79 and 81.79, and Strongly Overvalued above 81.79. The current Forward P/OCF of 9.48 falls within the Undervalued range.

11.35

P/FCF

Enphase Energy Inc. (ENPH) has a current P/FCF of 11.35. The 5-year average P/FCF is 50.89. The thresholds are as follows: Strongly Undervalued below -8.62, Undervalued between -8.62 and 21.14, Fairly Valued between 80.64 and 21.14, Overvalued between 80.64 and 110.40, and Strongly Overvalued above 110.40. The current Forward P/FCF of 11.35 falls within the Undervalued range.

Enphase Energy Inc (ENPH) has a current Price-to-Book (P/B) ratio of 4.82. Compared to its 3-year average P/B ratio of 24.43 , the current P/B ratio is approximately -80.29% higher. Relative to its 5-year average P/B ratio of 32.96, the current P/B ratio is about -85.39% higher. Enphase Energy Inc (ENPH) has a Forward Free Cash Flow (FCF) yield of approximately 8.79%. Compared to its 3-year average FCF yield of 3.82%, the current FCF yield is approximately 130.11% lower. Relative to its 5-year average FCF yield of 2.78% , the current FCF yield is about 216.23% lower.

4.82

P/B

Median3y

24.43

Median5y

32.96

8.79

FCF Yield

Median3y

3.82

Median5y

2.78

Competitors Valuation Multiple

The average P/S ratio for ENPH's competitors is 7.21, providing a benchmark for relative valuation. Enphase Energy Inc Corp (ENPH) exhibits a P/S ratio of 2.97, which is -58.82% above the industry average. Given its robust revenue growth of 19.67%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Silicon Laboratories Inc

Performance Decomposition

Market capitalization of ENPH decreased by 73.20% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 3.57 to 10.20.

The secondary factor is the Revenue Growth, contributed 19.67%to the performance.

Overall, the performance of ENPH in the past 1 year is driven by Margin Expansion. Which is more sustainable.

19.67%

303.46M → 363.15M

Revenue Growth

185.71%

3.57 → 10.20

Margin Expansion

-278.58%

-14.24 → 25.43

P/E Change

-73.20%