Now trading at a price of $217.76, Enphase Energy has moved -2.88% so far today. In contrast, the S&P 500 index moved 0.04%. Read below for a basic value analysis of Enphase Energy.
Enphase Energy shares moved 27.4% over the last 52 weeks, with a high of $339.92 and a low of $128.67. During this time, the stock outperformed the S&P 500 index by 34.21%. As of January 2022, the company's 50-day average price is $228.0. Enphase Energy is an American energy technology company headquartered in Fremont, California. Enphase designs and manufactures software-driven home energy solutions that span solar generation, home energy storage and web-based monitoring and control. The large-cap Technology company is based in Fremont, CA.
Exceptional EPS Growth with a Highly Leveraged Balance Sheet:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $624 | $774 | $1,382 | $2,331 |
| Revenue Growth | n/a | 24.04% | 78.46% | 68.65% |
| Gross Margins | 35.44% | 44.68% | 40.12% | 41.81% |
| Gross Margins Growth | n/a | 26.07% | -10.21% | 4.21% |
| Operating Margins | 16.45% | 24.07% | 15.62% | 19.23% |
| Operating Margins Growth | n/a | 46.32% | -35.11% | 23.11% |
| Earnings Per Share | $1.31 | $1.04 | $1.09 | $2.91 |
| EPS Growth | n/a | -20.61% | 4.81% | 166.97% |
| Diluted Shares (MM) | 123 | 129 | 134 | 136 |
| Free Cash Flow (MM) | $124 | $196 | $300 | $698 |
| FCF Growth | n/a | 57.53% | 52.99% | 133.16% |
| Capital Expenditures (MM) | $15 | $21 | $53 | $46 |
| Net Debt / EBITDA | -1.34 | -0.12 | 5.74 | 1.87 |
Enphase Energy Is Too Expensive at Current Levels:
Compared to the Technology sector's average of 27.16, Enphase Energy has a trailing twelve month P/E ratio of 74.83 and, according to its EPS guidance of 7.36, an expected P/E ratio of 29.59.
Enphase Energy's P/B ratio is 74.15 compared to its sector average of 6.23. The company is likely overvalued in terms of its net asset value. The company's shares are currently trading 1569.94% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * 5-year average EPS * book value per share) = √(22.5 * 1.25 * 6.05) = $13.04
Most of the Market Indicators on Enphase Energy Are Negative:
32 analysts are following Enphase Energy and have set target prices ranging from $205.0 to $365.0 per share. On average, they have given the company a rating of buy. At the current price of $217.76, ENPH is trading -27.09% away from its average analyst target price of $298.66 per share, implying an analyst consensus of strong upside potential for the stock.
