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 4,420 - -
Change - 45.92% -50.05% -48.42% -54.8% 5.39% - -
Enterprise Value (EV) 1 24,702 35,692 17,587 8,959 3,886 3,801 3,523 3,310
Change - 44.49% -50.73% -49.06% -56.63% -2.16% -7.33% -6.04%
P/E 179x 95.7x 42.9x 91.6x 24.8x 62.4x 40.4x 25.9x
PBR 56.9x 43.4x 19.2x 11.5x 3.86x 3.36x 2.83x 2.3x
PEG - 1x 3.8x -1.2x 0.3x -1.1x 0.7x 0.5x
Capitalization / Revenue 17.9x 15.5x 7.85x 6.97x 2.85x 3.72x 3.58x 3.18x
EV / Revenue 17.9x 15.3x 7.68x 6.73x 2.64x 3.2x 2.86x 2.38x
EV / EBITDA 68.1x 49.3x 23.5x 22.2x 8.15x 12.6x 10.7x 8.26x
EV / EBIT 114x 79.6x 38.1x 116x 24.7x 79.8x 56.4x 19.7x
EV / FCF 82.4x 51.1x 30x 18.7x 40.5x 10.6x 9.17x 9.48x
FCF Yield 1.21% 1.96% 3.33% 5.36% 2.47% 9.4% 10.9% 10.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.02 2.77 3.08 0.75 1.29 0.536 0.8285 1.29
Distribution rate - - - - - - - -
Net sales 1 1,382 2,331 2,291 1,330 1,473 1,188 1,233 1,390
EBITDA 1 362.6 723.8 749 403.3 476.7 302.9 329.7 400.6
EBIT 1 215.8 448.3 461.4 77.29 157.5 47.64 62.41 167.9
Net income 1 145.4 397.4 438.9 102.7 172.1 75.13 119.7 181.5
Net Debt 1 21 -322.5 -401.3 -320.2 -308.5 -618.8 -897.4 -1,110
Reference price 2 182.94 264.96 132.14 68.68 32.05 33.45 33.45 33.45
Nbr of stocks (in thousands) 134,912 135,924 136,130 135,107 130,860 132,145 - -
Announcement Date 2/8/22 2/7/23 2/6/24 2/4/25 2/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.01x2.61x16.92x1.37% 139B
20.26x1.13x8.32x0.88% 28.59B
12.52x1.61x8.65x1.88% 25.35B
10.09x3.32x6.36x-.--% 18.93B
17.3x4.06x14.08x3.81% 14.84B
21.98x2.61x12.35x-.--% 12.59B
-14.06x0.99x24.54x-.--% 12.64B
17.84x1.11x9.29x1.5% 9.69B
-7.3x1.39x12.88x-.--% 7.56B
Average 12.40x 2.09x 12.60x 1.05% 29.96B
Weighted average by Cap. 22.86x 2.33x 14.09x 1.24%

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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