Company Valuation: Enphase Energy, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,681 36,014 17,988 9,279 4,194 3,766 - -
Change - 45.92% -50.05% -48.42% -54.8% -10.2% - -
Enterprise Value (EV) 1 24,702 35,692 17,587 8,959 3,886 3,271 3,037 2,812
Change - 44.49% -50.73% -49.06% -56.63% -15.81% -7.17% -7.4%
P/E 179x 95.7x 42.9x 91.6x 24.8x 91.4x -5,242x 44.4x
PBR 56.9x 43.4x 19.2x 11.5x 3.86x 2.98x 2.63x 2.21x
PEG - 1x 3.8x -1.2x 0.3x -1.2x 52x -0x
Capitalization / Revenue 17.9x 15.5x 7.85x 6.97x 2.85x 3.4x 3.64x 3.12x
EV / Revenue 17.9x 15.3x 7.68x 6.73x 2.64x 2.96x 2.93x 2.33x
EV / EBITDA 68.1x 49.3x 23.5x 22.2x 8.15x 12.2x 14.5x 9.86x
EV / EBIT 114x 79.6x 38.1x 116x 24.7x 2,477x -41.2x 49.6x
EV / FCF 82.4x 51.1x 30x 18.7x 40.5x 10.9x 10.3x 12.1x
FCF Yield 1.21% 1.96% 3.33% 5.36% 2.47% 9.2% 9.69% 8.25%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.02 2.77 3.08 0.75 1.29 0.3114 -0.00543 0.6405
Distribution rate - - - - - - - -
Net sales 1 1,382 2,331 2,291 1,330 1,473 1,106 1,035 1,209
EBITDA 1 362.6 723.8 749 403.3 476.7 268.2 209.8 285.1
EBIT 1 215.8 448.3 461.4 77.29 157.5 1.32 -73.77 56.71
Net income 1 145.4 397.4 438.9 102.7 172.1 42.15 17.28 112.6
Net Debt 1 21 -322.5 -401.3 -320.2 -308.5 -495.1 -729.7 -954.5
Reference price 2 182.94 264.96 132.14 68.68 32.05 28.46 28.46 28.46
Nbr of stocks (in thousands) 134,912 135,924 136,130 135,107 130,860 132,314 - -
Announcement Date 08/02/22 07/02/23 06/02/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
91.42x2.96x12.2x-.--% 3.77B
26.68x2.09x13.55x1.69% 113B
22.07x1.22x9.02x0.8% 30.62B
17.32x1.82x11.44x1.25% 25.26B
11.43x4.04x7.48x-.--% 21.62B
17.56x3.87x13.87x4.69% 15.23B
26.86x3.39x15.94x-.--% 15.8B
-16.37x1.06x22.97x-.--% 14.06B
10.83x0.74x9.06x4.28% 11.26B
16.26x1x8.87x1.73% 8.55B
Average 22.41x 2.22x 12.44x 1.44% 25.88B
Weighted average by Cap. 20.99x 2.17x 12.61x 1.47%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Enphase Energy, Inc.

Historical PBR trend

Valuation ratios - PBR - Enphase Energy, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Enphase Energy, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Enphase Energy, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Enphase Energy, Inc.
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