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Enphase Energy Inc

Technology US ENPH

65.98USD
-2.82(4.10%)

Last update at 2024-12-19T18:53:00Z

Day Range

65.1069.00
LowHigh

52 Week Range

73.49192.22
LowHigh

Fundamentals

  • Previous Close 68.80
  • Market Cap17603.83M
  • Volume2193355
  • P/E Ratio64.37
  • Dividend Yield-%
  • EBITDA334.29M
  • Revenue TTM1828.11M
  • Revenue Per Share TTM13.43
  • Gross Profit TTM 974.60M
  • Diluted EPS TTM2.01

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 513.14M 452.05M 120.93M 119.41M 90.11M
Minority interest - - - - -
Net income 438.94M 397.36M 145.45M 134.00M 161.15M
Selling general administrative 137.84M 140.00M 104.09M 50.69M 38.81M
Selling and marketing expenses 231.79M 215.10M 128.97M 52.93M 36.73M
Gross profit 1058.39M 974.60M 554.42M 345.98M 221.25M
Reconciled depreciation 69.88M 58.77M 32.44M 18.10M 14.12M
Ebit 445.74M 448.26M 215.83M 186.44M 102.73M
Ebitda 445.74M 523.08M 248.97M 201.98M 121.96M
Depreciation and amortization 74.71M 74.81M 33.13M 15.54M 19.23M
Non operating income net other - 13.22M -49.75200M -46.02800M -2.92400M
Operating income 445.74M 448.26M 215.83M 186.44M 102.73M
Other operating expenses 1845.05M 1880.21M 1166.22M 587.99M 519.00M
Interest expense 8.84M 9.44M 45.15M 21.00M 9.69M
Tax provision 97.32M 54.69M -24.52100M -14.58500M -71.03400M
Interest income 57.95M 13.66M 0.69M 2.16M 2.51M
Net interest income 49.10M 4.22M -44.45700M -18.84500M -7.17800M
Extraordinary items - - - - -
Non recurring - 2.38M - - 2.60M
Other items - - - - -
Income tax expense -74.20300M 54.69M -24.52100M -14.58500M -71.03400M
Total revenue 2290.79M 2330.85M 1382.05M 774.42M 624.33M
Total operating expenses 612.65M 523.95M 338.59M 159.54M 115.92M
Cost of revenue 1232.40M 1356.26M 827.63M 428.44M 403.09M
Total other income expense net 67.40M 3.79M -94.90400M -67.02900M -12.61500M
Discontinued operations - - - - -
Net income from continuing ops 571.77M 397.36M 145.45M 134.00M 161.15M
Net income applicable to common shares - 397.36M 145.45M 134.00M 161.15M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 3383.01M 3084.28M 2079.26M 1200.10M 713.22M
Intangible assets 68.54M 99.54M 97.76M 28.81M 30.58M
Earning assets - - - - -
Other current assets 88.93M 60.82M 37.78M 29.76M 70.78M
Total liab 2399.39M 2258.71M 1649.09M 716.11M 441.01M
Total stockholder equity 983.62M 825.57M 430.17M 483.99M 272.21M
Deferred long term liab - - - - -
Other current liab 292.76M 331.50M 177.31M 87.80M 57.17M
Common stock 0.00100M 0.00100M 0.00100M 0.00100M 0.00100M
Capital stock 0.00100M 0.00100M 0.00100M 0.00100M 0.00100M
Retained earnings 46.27M 17.34M -405.73700M -51.18600M -185.18100M
Other liab - 401.95M 257.70M 161.96M 129.50M
Good will 214.56M 213.56M 181.25M 24.78M 24.78M
Other assets - 317.39M 241.20M 147.78M 119.15M
Cash 288.75M 473.24M 119.32M 679.38M 251.41M
Cash and equivalents - - - - -
Total current liabilities 532.45M 638.22M 439.80M 534.04M 199.31M
Current deferred revenue 118.30M 90.75M 62.67M 47.66M 81.78M
Net debt 1010.21M 817.11M 918.33M -348.51400M -145.86600M
Short term debt 5.22M 90.89M 86.05M 325.97M 2.88M
Short long term debt - 90.89M 86.05M 325.97M 2.88M
Short long term debt total 1298.96M 1290.36M 1037.65M 330.87M 105.54M
Other stockholder equity 939.34M 819.12M 837.92M 534.74M 458.31M
Property plant equipment - 111.37M 96.59M 42.98M 28.94M
Total current assets 2443.52M 2264.27M 1462.46M 933.06M 499.66M
Long term investments - - - - -
Net tangible assets - 512.47M 151.16M 430.40M 216.85M
Short term investments 1406.29M 1139.60M 897.34M - -
Net receivables 445.96M 440.90M 333.63M 182.16M 145.41M
Long term debt 1293.74M 1199.46M 951.59M 4.90M 102.66M
Inventory 213.59M 149.71M 74.40M 41.76M 32.06M
Accounts payable 116.16M 125.08M 113.77M 72.61M 57.47M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -1.98800M -10.88200M -2.02000M 0.43M -0.92300M
Additional paid in capital - - - - -
Common stock total equity - 0.00100M 0.00100M 0.00100M 0.00100M
Preferred stock total equity - - - - -
Retained earnings total equity - 17.34M -405.73700M -51.18600M -185.18100M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 11.85M 169.29M 118.73M 59.88M 44.62M
Deferred long term asset charges - - - - -
Non current assets total 939.49M 820.01M 616.79M 267.04M 213.57M
Capital lease obligations 5.22M 5.37M 3.83M 4.54M 3.17M
Long term debt total - - - - 102.66M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -560.52300M -247.30100M -931.38700M -5.01000M -14.78800M
Change to liabilities - 133.42M 195.35M 35.70M 22.20M
Total cashflows from investing activities - -371.90600M -1219.54700M -25.56800M -14.78800M
Net borrowings - - 896.50M -91.63100M -88.16800M
Total cash from financing activities -516.77400M -17.12600M 309.41M 191.68M 65.85M
Change to operating activities - -10.65000M 0.13M -5.82100M -8.48900M
Net income 438.94M 397.36M 145.45M 134.00M 161.15M
Change in cash -184.49600M 353.93M -560.06300M 383.27M 189.87M
Begin period cash flow 473.24M 119.32M 679.38M 296.11M 106.24M
End period cash flow 288.75M 473.24M 119.32M 679.38M 296.11M
Total cash from operating activities 696.78M 744.82M 352.03M 216.33M 139.07M
Issuance of capital stock - - - 0.00000M 0.00000M
Depreciation 74.71M 58.77M 32.44M 17.23M 14.12M
Other cashflows from investing activities - -78.16200M -267.33300M - -
Dividends paid - - 228.28M 11.62M 26.61M
Change to inventory -63.88700M -75.27300M -29.25800M -9.70800M -15.78900M
Change to account receivables -12.47800M -107.55600M -151.16000M -34.32100M -68.74500M
Sale purchase of stock -409.99800M -27.49600M -500.00000M -68.33000M -8.19800M
Other cashflows from financing activities -120.64600M -27.49600M 1101.35M 234.98M 111.70M
Change to netincome - 221.75M 159.08M 70.16M -44.83000M
Capital expenditures 110.40M 46.44M 52.51M 20.56M 14.79M
Change receivables - -107.55600M -151.16000M -34.32100M -68.74500M
Cash flows other operating - 110.80M 59.54M -19.45100M 64.88M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 355.79M -558.10800M 382.44M 190.13M
Change in working capital 17.13M 62.13M 15.06M -23.77500M 1.43M
Stock based compensation 212.86M 216.80M 114.29M 42.50M 20.18M
Other non cash items -3.50300M 6.12M 76.03M 63.50M 15.57M
Free cash flow 586.38M 698.37M 299.52M 195.78M 124.28M

Peer Comparison

Sector: Technology Industry: Solar

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ENPH
Enphase Energy Inc
-2.82 4.10% 65.98 64.37 38.91 6.95 16.18 6.78 26.01
FSLR
First Solar Inc
-6.2596 3.40% 178.01 28.97 13.44 5.89 2.92 5.44 14.89
NXT
Nextracker Inc. Class A Common Stock
-0.86 2.46% 34.13 16.44 12.44 2.71 15.50 2.46 15.56
XISHY
Xinyi Solar Holdings Limited
-0.1 1.25% 7.87 11.55 14.93 0.22 1.24 0.24 1.12
XNYIF
Xinyi Solar Holdings Limited
- -% 0.45 10.10 13.72 0.22 1.37 0.24 1.12

Reports Covered

Stock Research & News

Profile

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 offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories, an IQ gateway; IQ batteries; the cloud-based Enlighten monitoring service; storage solutions; and electric vehicle charging solutions, as well as design, proposal, permitting, and lead generation services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

Enphase Energy Inc

47281 Bayside Parkway, Fremont, CA, United States, 94538

Key Executives

Name Title Year Born
Mr. Badrinarayanan Kothandaraman Pres, CEO & Director 1973
Mr. David A. Ranhoff Exec. VP & Chief Commercial Officer 1956
Mr. Jeffrey McNeil Exec. VP & Chief Advisor 1962
Mr. Martin Fornage Co-Founder 1964
Mr. Raghuveer R. Belur Co-Founder & Chief Products Officer 1968
Ms. Mandy Yang VP & CFO 1976
Mr. Ron Swenson VP of Operations NA
Mr. Hans Van Antwerpen VP & Chief Technology Officer NA
Karen Sagot Head Of Investor Relations NA
Ms. Lisan Hung VP, Gen. Counsel & Corp. Sec. 1969

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