Enphase Energy Inc.

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ENPH : NASDAQ : Electronic Technology
$4.83 up 0.1 | 2.11%
Today's Range: 4.66 - 4.97
Avg. Daily Volume: 1237200.0
03/23/18 - 4:00 PM ET

Financial Analysis

ENPHASE ENERGY INC's gross profit margin for the fourth quarter of its fiscal year 2017 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. ENPHASE ENERGY INC has average liquidity. Currently, the Quick Ratio is 1.03 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has significantly decreased by 802.00% 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 Q4 FY17 Q4 FY16
Net Sales ($mil)79.6790.6
EBITDA ($mil)2.1-6.43
EBIT ($mil)-0.14-9.03
Net Income ($mil)-2.94-13.19

Balance Sheet Q4 FY17 Q4 FY16
Cash & Equiv. ($mil)29.1417.76
Total Assets ($mil)169.15163.58
Total Debt ($mil)49.7533.9
Equity ($mil)-9.131.3

Profitability Q4 FY17 Q4 FY16
Gross Profit Margin26.6520.79
EBITDA Margin2.63-7.1
Operating Margin-0.18-9.97
Sales Turnover1.691.97
Return on Assets-26.71-41.24
Return on Equity0.0-5189.38
Debt Q4 FY17 Q4 FY16
Current Ratio1.421.42
Interest Expense1.961.18
Interest Coverage-0.07-7.66

Share Data Q4 FY17 Q4 FY16
Shares outstanding (mil)85.2262.27
Div / share0.00.0
Book value / share-0.110.02
Institutional Own % n/a n/a
Avg Daily Volume1207361.0929940.0


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. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
ENPH NM Peers 34.90   ENPH NM Peers 17.49

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
ENPH 21.00 Peers 19.77   ENPH NA Peers 1.76

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

ENPH is trading at a significant premium to its peers.


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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ENPH NM Peers 4.63   ENPH 60.15 Peers 14.89

Neutral. 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's P/B is negative making this valuation measure meaningless.


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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ENPH 1.31 Peers 3.16   ENPH -11.30 Peers 6.44

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.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

ENPH significantly trails its peers on the basis of sales growth



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