Stock AnalizEnphase Energy, Inc. ENPH
Semiconductors · IPO 2012 · data as of November 13, 2026
Enphase Energy, Inc. (ENPH) is a technology company listed in the US with a market value of about $3.4B. In the twelve months to September 30, 2026 it had revenue of $1.2B and net income of $91M, a net margin of 7.5%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is track record (3/5); the weakest is value (0/5).
Key numbers: a P/E of 39.5, a price to free cash flow of 25.5, 5-year revenue growth of 14% a year, a 5-year average ROIC of 11%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 68% below the current price.
Score: 2.0 / 5
Checks passed
- Revenue growth above 10% last year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- ROE above 15%
- More cash than debt, or low debt to equity
- Positive free cash flow
- Interest covered more than 5 times
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.5B | $1.3B | $2.3B | $2.3B | $1.4B | $774M | $624M | $316M | $286M | $323M |
| Net income | $91M | $172M | $103M | $439M | $397M | $145M | $134M | $161M | -$12M | -$45M | -$67M |
| Free cash flow | $135M | $96M | $480M | $586M | $698M | $300M | $196M | $124M | $12M | -$33M | -$45M |
| EPS (diluted) | $0.66 | $1.29 | $0.75 | $3.08 | $2.77 | $1.02 | $0.95 | $1.23 | $-0.12 | $-0.54 | $-1.34 |
| Net margin | 7.5% | 11.7% | 7.7% | 19.2% | 17.1% | 10.5% | 17.3% | 25.8% | -3.7% | -15.8% | -20.9% |
| ROIC | — | 5.7% | 3.0% | 16.6% | 18.4% | 11.5% | 17.6% | 20.8% | 1.1% | -96.6% | -197.3% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 25 analysts is $40.58, 56% above the current price; targets range from $16.00 to $212.00; the consensus rating is “Buy”; expected EPS is $1.66 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Enphase Energy’s P/E ratio?
About 39.5, based on the last twelve months of diluted earnings per share (forward P/E about 23.0).
Is Enphase Energy stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 68% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Enphase Energy pay a dividend?
Not currently.
Is Enphase Energy a good stock to buy?
We do not give buy or sell advice. Enphase Energy scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.