Overview Dividends

(ENPH) Enphase Energy - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29355A1079

Microinverter, Battery, Gateway, Monitoring, Charger

ENPH EPS (Earnings per Share)

EPS (Earnings per Share) of ENPH over the last years for every Quarter: "2020-09": 0.3, "2020-12": 0.51, "2021-03": 0.56, "2021-06": 0.53, "2021-09": 0.6, "2021-12": 0.73, "2022-03": 0.79, "2022-06": 1.07, "2022-09": 1.25, "2022-12": 1.51, "2023-03": 1.37, "2023-06": 1.47, "2023-09": 1.02, "2023-12": 0.54, "2024-03": 0.35, "2024-06": 0.43, "2024-09": 0.65, "2024-12": 0.94, "2025-03": 0.68, "2025-06": 0.28, "2025-09": 0.9,
EPS Growth (3Y CAGR): -17.15%
EPS Trend (3Y Correlation): -56.1%

ENPH Revenue

Revenue of ENPH over the last years for every Quarter: 2020-09: 178.503, 2020-12: 264.839, 2021-03: 301.754, 2021-06: 316.057, 2021-09: 351.519, 2021-12: 412.719, 2022-03: 441.292, 2022-06: 530.196, 2022-09: 634.713, 2022-12: 724.652, 2023-03: 726.016, 2023-06: 711.118, 2023-09: 551.082, 2023-12: 302.57, 2024-03: 263.339, 2024-06: 303.458, 2024-09: 380.873, 2024-12: 382.713, 2025-03: 356.084, 2025-06: 363.153, 2025-09: 410.427,
Revenue Growth (3Y CAGR): -18.68%
Revenue Trend (3Y Correlation): -63.8%

Description: ENPH Enphase Energy November 05, 2025

Enphase Energy, Inc. (NASDAQ: ENPH) designs, manufactures, and sells semiconductor-based microinverters and a suite of complementary hardware and software for residential and small-commercial solar installations, including the IQ Battery storage system, IQ Gateway, and cloud-based Enlighten monitoring platform. Its products are distributed through solar wholesalers, large installers, OEM partners, and directly to homeowners via an online store and legacy upgrade program.

As of Q3 2024, Enphase reported revenue of approximately $1.1 billion, up 12 % year-over-year, with a gross margin near 48 % and a backlog of roughly $2.2 billion, reflecting strong demand for its integrated solar-plus-storage solutions. Key growth drivers include the accelerating adoption of residential solar in the United States-bolstered by favorable net-metering policies and declining solar-plus-storage system costs-and ongoing semiconductor supply-chain improvements that are easing component shortages across the sector.

For a deeper quantitative dive, you may find ValueRay’s interactive dashboards useful.

ENPH Stock Overview

Market Cap in USD 3,993m
Sub-Industry Semiconductor Materials & Equipment
IPO / Inception 2012-03-30

ENPH Stock Ratings

Growth Rating -89.7%
Fundamental 58.5%
Dividend Rating -
Return 12m vs S&P 500 -63.0%
Analyst Rating 3.45 of 5

ENPH Dividends

Currently no dividends paid

ENPH Growth Ratios

Growth Correlation 3m -35.7%
Growth Correlation 12m -92.7%
Growth Correlation 5y -73.8%
CAGR 5y -53.38%
CAGR/Max DD 3y (Calmar Ratio) -0.58
CAGR/Mean DD 3y (Pain Ratio) -0.82
Sharpe Ratio 12m -0.89
Alpha -91.66
Beta 1.553
Volatility 70.22%
Current Volume 7588.7k
Average Volume 20d 6864.2k
Stop Loss 28.2 (-6.7%)
Signal 0.20

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (195.6m TTM) > 0 and > 6% of Revenue (6% = 90.7m TTM)
FCFTA 0.07 (>2.0%) and ΔFCFTA -3.76pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 80.71% (prev 143.4%; Δ -62.73pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.08 (>3.0%) and CFO 256.3m > Net Income 195.6m (YES >=105%, WARN >=100%)
Net Debt (229.8m) to EBITDA (320.6m) ratio: 0.72 <= 3.0 (WARN <= 3.5)
Current Ratio 2.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (133.0m) change vs 12m ago -4.95% (target <= -2.0% for YES)
Gross Margin 48.26% (prev 46.19%; Δ 2.06pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 45.94% (prev 38.30%; Δ 7.63pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 40.67 (EBITDA TTM 320.6m / Interest Expense TTM 5.94m) >= 6 (WARN >= 3)

Altman Z'' 2.56

(A) 0.37 = (Total Current Assets 2.39b - Total Current Liabilities 1.17b) / Total Assets 3.32b
(B) -0.07 = Retained Earnings (Balance) -242.6m / Total Assets 3.32b
(C) 0.07 = EBIT TTM 241.8m / Avg Total Assets 3.29b
(D) -0.10 = Book Value of Equity -239.3m / Total Liabilities 2.33b
Total Rating: 2.56 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 58.51

1. Piotroski 7.50pt = 2.50
2. FCF Yield 5.80% = 2.90
3. FCF Margin 14.37% = 3.59
4. Debt/Equity 1.24 = 1.78
5. Debt/Ebitda 0.72 = 2.11
6. ROIC - WACC (= 1.09)% = 1.36
7. RoE 22.23% = 1.85
8. Rev. Trend -63.81% = -4.79
9. EPS Trend -56.08% = -2.80

What is the price of ENPH shares?

As of November 08, 2025, the stock is trading at USD 30.22 with a total of 7,588,729 shares traded.
Over the past week, the price has changed by -0.95%, over one month by -16.68%, over three months by -4.94% and over the past year by -57.79%.

Is Enphase Energy a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Enphase Energy is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 58.51 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ENPH is around 15.62 USD . This means that ENPH is currently overvalued and has a potential downside of -48.31%.

Is ENPH a buy, sell or hold?

Enphase Energy has received a consensus analysts rating of 3.45. Therefor, it is recommend to hold ENPH.
  • Strong Buy: 11
  • Buy: 5
  • Hold: 19
  • Sell: 1
  • Strong Sell: 4

What are the forecasts/targets for the ENPH price?

Issuer Target Up/Down from current
Wallstreet Target Price 39.4 30.3%
Analysts Target Price 39.4 30.3%
ValueRay Target Price 17.5 -42.1%

ENPH Fundamental Data Overview November 04, 2025

Market Cap USD = 3.99b (3.99b USD * 1.0 USD.USD)
P/E Trailing = 20.8973
P/E Forward = 14.7493
P/S = 2.6399
P/B = 5.6034
P/EG = 0.6327
Beta = 1.553
Revenue TTM = 1.51b USD
EBIT TTM = 241.8m USD
EBITDA TTM = 320.6m USD
Long Term Debt = 1.20b USD (from longTermDebt, last fiscal year)
Short Term Debt = 637.5m USD (from shortTermDebt, last quarter)
Debt = 1.23b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 229.8m USD (from netDebt column, last quarter)
Enterprise Value = 3.75b USD (3.99b + Debt 1.23b - CCE 1.48b)
Interest Coverage Ratio = 40.67 (Ebit TTM 241.8m / Interest Expense TTM 5.94m)
FCF Yield = 5.80% (FCF TTM 217.3m / Enterprise Value 3.75b)
FCF Margin = 14.37% (FCF TTM 217.3m / Revenue TTM 1.51b)
Net Margin = 12.93% (Net Income TTM 195.6m / Revenue TTM 1.51b)
Gross Margin = 48.26% ((Revenue TTM 1.51b - Cost of Revenue TTM 782.6m) / Revenue TTM)
Gross Margin QoQ = 47.81% (prev 46.00%)
Tobins Q-Ratio = 1.13 (Enterprise Value 3.75b / Total Assets 3.32b)
Interest Expense / Debt = 0.07% (Interest Expense 830.0k / Debt 1.23b)
Taxrate = 13.48% (10.4m / 77.0m)
NOPAT = 209.2m (EBIT 241.8m * (1 - 13.48%))
Current Ratio = 2.04 (Total Current Assets 2.39b / Total Current Liabilities 1.17b)
Debt / Equity = 1.24 (Debt 1.23b / totalStockholderEquity, last quarter 995.0m)
Debt / EBITDA = 0.72 (Net Debt 229.8m / EBITDA 320.6m)
Debt / FCF = 1.06 (Net Debt 229.8m / FCF TTM 217.3m)
Total Stockholder Equity = 879.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.89% (Net Income 195.6m / Total Assets 3.32b)
RoE = 22.23% (Net Income TTM 195.6m / Total Stockholder Equity 879.8m)
RoCE = 11.62% (EBIT 241.8m / Capital Employed (Equity 879.8m + L.T.Debt 1.20b))
RoIC = 10.07% (NOPAT 209.2m / Invested Capital 2.08b)
WACC = 8.98% (E(3.99b)/V(5.23b) * Re(11.74%) + D(1.23b)/V(5.23b) * Rd(0.07%) * (1-Tc(0.13)))
Discount Rate = 11.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.26%
[DCF Debug] Terminal Value 66.12% ; FCFE base≈264.9m ; Y1≈266.9m ; Y5≈287.6m
Fair Price DCF = 22.49 (DCF Value 2.94b / Shares Outstanding 130.9m; 5y FCF grow 0.34% → 3.0% )
EPS Correlation: -56.08 | EPS CAGR: -17.15% | SUE: 2.86 | # QB: 1
Revenue Correlation: -63.81 | Revenue CAGR: -18.68% | SUE: 4.0 | # QB: 1

Additional Sources for ENPH Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle