ENPHASE ENERGY INC's gross profit margin for the third quarter of its fiscal year 2015 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ENPHASE ENERGY INC has average liquidity. Currently, the Quick Ratio is 1.24 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 24.73% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q3 FY15||Q3 FY14|
|Net Sales ($mil)||102.87||99.11|
|Net Income ($mil)||0.62||0.81|
|Balance Sheet||Q3 FY15||Q3 FY14|
|Cash & Equiv. ($mil)||22.49||44.54|
|Total Assets ($mil)||182.96||144.72|
|Total Debt ($mil)||17.0||5.86|
|Profitability||Q3 FY15||Q3 FY14|
|Gross Profit Margin||33.16||34.93|
|Return on Assets||-3.22||-7.78|
|Return on Equity||-11.13||-26.52|
|Debt||Q3 FY15||Q3 FY14|
|Share Data||Q3 FY15||Q3 FY14|
|Shares outstanding (mil)||45.0||43.38|
|Div / share||0.0||0.0|
|Book value / share||1.18||0.98|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1129994.0||982333.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 1.96 indicates a discount versus the S&P 500 average of 2.51 and a discount versus the industry average of 3.25. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, ENPHASE ENERGY INC proves to trade at a discount to investment alternatives within the industry.
|ENPH NM||Peers 20.35||ENPH NM||Peers 13.43|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
ENPH's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
ENPH's P/CF is negative making the measure meaningless.
|ENPH NM||Peers 17.68||ENPH NA||Peers 3.91|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
ENPH's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|ENPH 1.96||Peers 3.25||ENPH 51.86||Peers 1.39|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
ENPH is trading at a significant discount to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
ENPH is expected to have an earnings growth rate that significantly exceeds its peers.
|ENPH 0.26||Peers 1.74||ENPH 29.78||Peers -1.57|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
ENPH is trading at a significant discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
ENPH has a sales growth rate that significantly exceeds its peers.
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