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 3,422 - -
Change - 45.92% -50.05% -48.42% -54.8% -18.42% - -
Enterprise Value (EV) 1 24,702 35,692 17,587 8,959 3,886 2,927 2,692 2,467
Change - 44.49% -50.73% -49.06% -56.63% -24.68% -8.02% -8.35%
P/E 179x 95.7x 42.9x 91.6x 24.8x 82.4x 3,353x 40x
PBR 56.9x 43.4x 19.2x 11.5x 3.86x 2.67x 2.35x 1.97x
PEG - 1x 3.8x -1.2x 0.3x -1.1x -34.4x 0x
Capitalization / Revenue 17.9x 15.5x 7.85x 6.97x 2.85x 3.09x 3.3x 2.83x
EV / Revenue 17.9x 15.3x 7.68x 6.73x 2.64x 2.64x 2.6x 2.04x
EV / EBITDA 68.1x 49.3x 23.5x 22.2x 8.15x 11.1x 12.7x 8.55x
EV / EBIT 114x 79.6x 38.1x 116x 24.7x 2,216x -38.2x 43.5x
EV / FCF 82.4x 51.1x 30x 18.7x 40.5x 9.38x 8.48x 10.3x
FCF Yield 1.21% 1.96% 3.33% 5.36% 2.47% 10.7% 11.8% 9.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.02 2.77 3.08 0.75 1.29 0.3114 0.00765 0.6405
Distribution rate - - - - - - - -
Net sales 1 1,382 2,331 2,291 1,330 1,473 1,106 1,037 1,209
EBITDA 1 362.6 723.8 749 403.3 476.7 262.7 211.8 288.7
EBIT 1 215.8 448.3 461.4 77.29 157.5 1.32 -70.52 56.71
Net income 1 145.4 397.4 438.9 102.7 172.1 42.15 18.74 112.6
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 25.65 25.65 25.65
Nbr of stocks (in thousands) 134,912 135,924 136,130 135,107 130,860 132,314 - -
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.($)
83.06x2.64x10.9x-.--% 3.42B
30.79x2.44x15.83x1.47% 130B
20.22x1.11x8.23x0.87% 28.1B
10.26x1.27x6.76x2.28% 20.78B
10.13x3.34x6.37x-.--% 19.01B
14.96x3.38x11.78x4.53% 13.06B
-13.96x0.98x24.38x-.--% 12.64B
20.68x2.54x11.93x-.--% 12.11B
16.01x0.92x8.16x1.79% 8.38B
-7.22x1.39x12.83x-.--% 7.53B
Average 18.49x 2.00x 11.72x 1.09% 25.52B
Weighted average by Cap. 22.00x 2.17x 13.17x 1.32%

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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