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Enphase Energy, Inc. (ENPH)

NEUTRAL
TechnologySolarUnited States

基本面

62

价格

$37.41

市值

$5.02B

第一部分 · 这家公司值多少

概览

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

No editorial profile for this company yet

No competitor list for this company yet.

资产负债表与流动性

营收

$1.40B

最近12个月(截至2026/3/31)

净利润

$135M

最近12个月(截至2026/3/31)

自由现金流

$96M

股东权益合计

$1.09B

负债合计

$2.42B

流动比率

3.80

利息覆盖率

30.89

债务/EBITDA

2.57

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

合理估值

公允价值

$36.64

当前价格

$37.41

安全边际

-2.1%

公允价值区间

$23.82 - $49.47

估算方法

Analyst Target:$46.79
DCF:$58.87
PE-based:$17.55
Graham Growth:$18.59
EPV:$4.74
分析师共识:持有 (16B / 22H / 3S)
最近财报超预期:-2.27%

估值指标

市盈率(P/E)

36.81

ROE

15.8%

市净率(P/B)

4.45

P/FCF

33.78

毛利率

44.2%

ROIC

3.4%

盈利能力雷达图

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.

基本面分析标准

通过(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

未通过(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%

不可用(1)

  • Dividend Payout NaN%

Piotroski F-评分

6/9

信号混杂:部分领域需关注

score
criteria

盈利质量

1.41

高质量:盈利有现金流支撑

股权稀释

-2.5%

正在回购股份,对股东友好

公司治理

管理团队

姓名职位年龄
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

审计风险

3

董事会风险

5

薪酬风险

3

股东权利风险

7

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

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