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Enphase Energy, Inc. (ENPH)

NEUTRAL
TechnologySolarUnited States

ファンダメンタル

62

株価

$37.41

時価総額

$5.02B

パート1 · 企業の価値

概要

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 that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories; IQ Battery and related accessories; IQ PowerPack 1500 and related accessories; IQ Combiner, IQ Gateway, and IQ Energy Router; cloud-based monitoring service; and electric vehicle charging solutions, as well as design, proposal, permitting, installation and solar appointment generation services, and Enphase Care services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

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Direct competitors

Who this company fights with for the same customers

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貸借対照表と流動性

売上高

$1.40B

直近12か月(2026/3/31まで)

純利益

$135M

直近12か月(2026/3/31まで)

フリーキャッシュフロー

$96M

自己資本合計

$1.09B

負債合計

$2.42B

流動比率

3.80

利払い倍率

30.89

負債/EBITDA

2.57

一株当たり利益(EPS)

売上高と純利益

フリーキャッシュフロー

収益内訳

財務推移表

利益率の推移

負債の推移

負債の重さ

成長率グリッド

成長率 — 売上高

適正価値の推定

適正価値

適正価値

$36.64

現在株価

$37.41

安全マージン

-2.1%

適正価値レンジ

$23.82 - $49.47

推定方法

Analyst Target:$46.79
DCF:$58.87
PE-based:$17.55
Graham Growth:$18.59
EPV:$4.74
アナリスト・コンセンサス:保有 (16B / 22H / 3S)
直近の決算サプライズ:-2.27%

バリュエーション指標

P/E レシオ

36.81

ROE

15.8%

P/B レシオ

4.45

P/FCF

33.78

粗利益率

44.2%

ROIC

3.4%

収益性レーダー

Value Creation (Economic Moat)

ROIC

3.4%

WACC

12.3%

ROIC − WACC

-8.9 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

ファンダメンタル分析基準

合格(17)

  • EPS shows upward trend
  • Price CAGR 43.97%
  • Gross Margin 44.2%
  • Debt/Equity ratio
  • Operating Margin 6.9%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 12.3%
  • Revenue Growth 5Y 13.7%
  • Earnings Surprise avg 16.5%
  • Earnings Quality (OCF/NI) 1.41
  • Share Dilution -2.5%
  • Piotroski F-Score 6/9

不合格(9)

  • ROIC 3.4%
  • P/FCF 33.78
  • P/B Ratio 4.45
  • CapEx intensity
  • Price below Graham Number
  • DCF valuation (Fairly valued)
  • Analyst Consensus 39% Buy
  • PEG Ratio 6.47
  • Net Margin Trend 9.6% vs 10.4%

データなし(1)

  • Dividend Payout NaN%

Piotroski F-スコア

6/9

まちまちのシグナル:一部の領域に注意が必要

score
criteria

利益の質

1.41

高品質:利益はキャッシュに裏付けられている

株式希薄化

-2.5%

株式を買い戻している。株主に友好的

ガバナンス

経営陣

氏名役職年齢
Mr. Badrinarayanan KothandaramanPresident, CEO & Director52
Ms. Mandy Yang CPAEVP & CFO49
Mr. Martin FornageCo-Founder61
Mr. Raghuveer R. BelurSVP, Co-founder & Chief Products Officer57
Mr. Ron SwensonSenior VP of Operations & VP of Supply Chain-
Ms. Mary ErginsoyVP & Chief Accounting Officer41
Mr. Hans Van AntwerpenSVP & CTO-
Mr. Zachary FreedmanHead of Investor Relations-
Ms. Lisan HungSenior VP, General Counsel & Corporate Secretary56
Mr. Sabbas A. DanielSenior VP of Quality & Sales62

監査リスク

3

取締役会リスク

5

報酬リスク

3

株主権利リスク

7

パート2 · 株価と買い時

この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容:テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。

Latest News

Recent headlines for ENPH, sourced from Markets Gazette.

  • 5/19/2026POSITIVE
    Here's How Much $100 Invested In Enphase Energy 10 Years Ago Would Be Worth Today

    An investment of $100 in Enphase Energy (ENPH) a decade ago would have yielded a substantial return, illustrating the company's significant growth trajectory. While specific figures are not provided in this snippet, the implication is a strong positive performance for shareholders. This historical performance suggests robust business operations, successful product innovation, and effective market penetration in the renewable energy sector, particularly in solar inverters and energy management solutions. Investors considering ENPH should note its past success as an indicator of potential future value creation, though past performance is not indicative of future results.

  • 4/23/2026POSITIVE
    Here's How Much You Would Have Made Owning Enphase Energy Stock In The Last 10 Years

    Enphase Energy stock has delivered a remarkable return of 1,000% over the past decade, significantly outperforming the S&P 500's 250% gain. This performance underscores the company's strong growth trajectory in the renewable energy sector, particularly in solar microinverters and energy storage solutions. For investors, this historical performance highlights Enphase's consistent ability to innovate and capture market share, suggesting a robust long-term investment case driven by the global shift towards sustainable energy.

  • 4/6/2026NEGATIVE
    Why Is Enphase Energy Stock Falling Monday?

    Enphase Energy (ENPH) experienced a significant stock decline on Monday, triggered by the announcement of a new class action lawsuit and the implementation of shifting China export tax policies. While specific details of the lawsuit and the exact impact of the tax changes were not immediately disclosed, these developments introduce considerable uncertainty for the company's future operations and profitability. Investors are likely reassessing their positions due to these headwinds, which could affect future earnings and market share.

  • 4/1/2026POSITIVE
    $100 Invested In Enphase Energy 10 Years Ago Would Be Worth This Much Today

    An investment of $100 in Enphase Energy (ENPH) a decade ago would have grown to approximately $1,050 today, representing a remarkable 950% return. This performance significantly outpaced the broader market, highlighting the company's substantial growth and investor value creation in the renewable energy sector. Enphase, a leader in solar energy technology, has benefited from increasing demand for sustainable energy solutions and technological innovation in its product offerings, including microinverters and battery storage systems. This historical performance suggests strong underlying business fundamentals and effective strategic execution.

  • 3/12/2026POSITIVE
    Solar Stock Down 30% in a Year, but a New $75 Million Bet Suggests This Fund Sees Opportunity

    Despite a 30% stock decline over the past year, Enphase Energy Inc. is attracting renewed investor interest. A new $75 million investment by a fund signals a belief in the company's long-term prospects, particularly its specialized microinverter technology and integrated solar/energy storage solutions for the residential market. This substantial bet suggests that the market may be undervaluing Enphase's innovative capabilities and its position within the growing renewable energy sector. Investors will be watching for signs of a turnaround and continued technological leadership.

  • 2/22/2026NEUTRAL
    Enphase Energy Director Sells 1100 Shares After Strong Earnings

    Enphase Energy Inc. recently reported strong financial results, a generally positive sign for investors. However, this news is tempered by the sale of 1100 shares by a company director shortly after the earnings release. While insider selling can sometimes indicate a lack of confidence, in this specific case, given the context of strong earnings, the transaction might be interpreted as personal portfolio diversification by the director rather than a negative judgment on the company's future prospects. Investors should monitor further developments and the stock's performance.

via Markets Gazette