What Are the Fundamentals of Enphase Energy (ENPH)?

By Scott Lee • Monday, November 20 15:39 • Permanent Link

Large-cap technology company Enphase Energy has moved 6.0% this afternoon, reaching $98.42 per share. In contrast, the average analyst target price for the stock is $116.88.

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 is based in the United States.

What to Consider if You Are Thinking of Buying Enphase Energy:

Enphase Energy has moved -68.0% over the last year.
ENPH has a forward P/E ratio of 22.9 based on its EPS guidance of 4.3.
The company has a price to earnings growth (PEG) ratio of 1.92.
Its Price to Book (P/B) ratio is 13.2

Enphase Energy Has a Pattern of Improving Cash Flows

Date Reported	Cash Flow from Operations ($ k)	Capital expenditures ($ k)	Free Cash Flow ($ k)	YoY Growth (%)
2023	957,199	91,855	865,344	23.91
2022	744,817	46,443	698,374	132.97
2021	352,028	52,258	299,770	53.12
2020	216,334	20,558	195,776	57.53
2019	139,067	14,788	124,279	937.3
2018	16,132	4,151	11,981

Enphase Energy's free cash flow history is impressive because it displays year-on-year increases over the last 6 years. Averaging out at $365.92 Million, and following a compounded average growth rate of 104.1%, investors who focus on cash flow growth should do further research on this firm.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.