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Also traded in: Germany, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.52
NAS:ENPH's Cash-to-Debt is ranked lower than
72% of the 775 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.77 vs. NAS:ENPH: 0.52 )
Ranked among companies with meaningful Cash-to-Debt only.
NAS:ENPH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.52  Med: 4.25 Max: No Debt
Current: 0.52
Equity-to-Asset 0.01
NAS:ENPH's Equity-to-Asset is ranked lower than
97% of the 773 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.61 vs. NAS:ENPH: 0.01 )
Ranked among companies with meaningful Equity-to-Asset only.
NAS:ENPH' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01  Med: 0.33 Max: 0.65
Current: 0.01
0.01
0.65
Piotroski F-Score: 1
Altman Z-Score: -0.81
Beneish M-Score: -2.79
WACC vs ROIC
11.66%
-268.51%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 1/10

vs
industry
vs
history
Operating Margin % -19.44
NAS:ENPH's Operating Margin % is ranked lower than
86% of the 773 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.36 vs. NAS:ENPH: -19.44 )
Ranked among companies with meaningful Operating Margin % only.
NAS:ENPH' s Operating Margin % Range Over the Past 10 Years
Min: -82.67  Med: -16.79 Max: -1.29
Current: -19.44
-82.67
-1.29
Net Margin % -20.91
NAS:ENPH's Net Margin % is ranked lower than
86% of the 772 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.17 vs. NAS:ENPH: -20.91 )
Ranked among companies with meaningful Net Margin % only.
NAS:ENPH' s Net Margin % Range Over the Past 10 Years
Min: -83.81  Med: -19.28 Max: -2.34
Current: -20.91
-83.81
-2.34
ROE % -370.69
NAS:ENPH's ROE % is ranked lower than
99% of the 754 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.00 vs. NAS:ENPH: -370.69 )
Ranked among companies with meaningful ROE % only.
NAS:ENPH' s ROE % Range Over the Past 10 Years
Min: -370.69  Med: -95.9 Max: -18.48
Current: -370.69
-370.69
-18.48
ROA % -41.31
NAS:ENPH's ROA % is ranked lower than
95% of the 779 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.18 vs. NAS:ENPH: -41.31 )
Ranked among companies with meaningful ROA % only.
NAS:ENPH' s ROA % Range Over the Past 10 Years
Min: -80.8  Med: -36.21 Max: -5.99
Current: -41.31
-80.8
-5.99
ROC (Joel Greenblatt) % -95.99
NAS:ENPH's ROC (Joel Greenblatt) % is ranked lower than
92% of the 778 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 8.85 vs. NAS:ENPH: -95.99 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NAS:ENPH' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -280.72  Med: -98.14 Max: -11.75
Current: -95.99
-280.72
-11.75
3-Year Revenue Growth Rate 4.50
NAS:ENPH's 3-Year Revenue Growth Rate is ranked higher than
56% of the 716 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.90 vs. NAS:ENPH: 4.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NAS:ENPH' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -59.1 Max: 4.5
Current: 4.5
0
4.5
3-Year EBITDA Growth Rate 39.30
NAS:ENPH's 3-Year EBITDA Growth Rate is ranked higher than
85% of the 530 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.10 vs. NAS:ENPH: 39.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NAS:ENPH' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -55.7 Max: 39.3
Current: 39.3
0
39.3
3-Year EPS without NRI Growth Rate 29.30
NAS:ENPH's 3-Year EPS without NRI Growth Rate is ranked higher than
77% of the 474 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.30 vs. NAS:ENPH: 29.30 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NAS:ENPH' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -72.2 Max: 29.3
Current: 29.3
0
29.3
GuruFocus has detected 4 Warning Signs with Enphase Energy Inc $NAS:ENPH.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NAS:ENPH's 10-Y Financials

Financials (Next Earnings Date: 2017-05-28 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

ENPH Guru Trades in Q1 2016

Daniel Loeb 6,248,987 sh (unchged)
» More
Q2 2016

ENPH Guru Trades in Q2 2016

Daniel Loeb 6,248,987 sh (unchged)
» More
Q3 2016

ENPH Guru Trades in Q3 2016

Daniel Loeb 6,248,987 sh (unchged)
» More
Q4 2016

ENPH Guru Trades in Q4 2016

Jim Simons 408,133 sh (New)
Daniel Loeb 6,248,987 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with ENPH

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Semiconductors » Semiconductor Equipment & Materials    NAICS: 334413    SIC: 3674
Compare:NAS:AEHR, NAS:ATOM, NAS:ASYS, AMEX:EMAN, NAS:CAMT, OTCPK:SPVNF, NAS:IMI, OTCPK:MPAD, NAS:RBCN, NAS:AXTI, AMEX:TRT, OTCPK:SODI, NAS:SCON, OTCPK:STRI, AMEX:GIG, NYSE:DQ, OTCPK:RNWEF, NYSE:PKE, OTCPK:AIXXF, NAS:NVMI » details
Traded in other countries:E0P.Germany, ENPH.Switzerland, 0QYE.UK,
Enphase Energy Inc delivers microinverter technology for solar industry that increases energy production, simplifies design and installation, improves system, reduces fire safety risk & provides a platform for intelligent energy management.

Enphase Energy, Inc., was incorporated as PVI Solutions, Inc. in March 2006 in the State of Delaware and changed its name to Enphase Energy, Inc. in July 2007. The Company delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level, and brings a system-based, high technology approach to solar energy generation leveraging its design expertise across power electronics, semiconductors, networking and embedded and web-based software technologies. The Company's microinverter system consists of three key components: Enphase microinverter, Envoy communications gateway and Enlighten web-based software. Its Enphase microinverter delivers efficient and reliable power conversion at the individual solar module level by introducing a digital architecture that incorporates custom application specific integrated circuits, or ASICs, specialized power electronics devices and an embedded software subsystem that optimizes energy production from each module and manages the core ASIC functions. A residential solar installation typically consists of 5 to 50 microinverters; a small commercial solar installation typically consists of 50 to 500 microinverters; and a medium or larger commercial solar installation typically consists of 500 to 10,000 microinverters, or more. Its Envoy communications gateway is installed in the system owner's home or business and serves as a networking hub that collects data from the microinverter array and sends the information to its hosted data center. One Envoy is typically sold with each solar installation and can support up to 500 Enphase microinverters. Its Enlighten web-based software collects and analyzes this information to enable system owners to monitor and realize the highest performance of their solar PV system. In addition, Enlighten also provides an online portal specifically designed for installers to enable them to track and manage all of their Enphase enabled projects and monitor and analyze the performance of their installed systems. Together its Enphase microinverter, Envoy communications gateway and Enlighten web-based software function as a single unified system that enhances energy production, simplifies design and installation, reduces costs, increases system uptime and reliability, reduces fire safety risk and provides the ability to monitor performance in real-time. Its solution includes; Productive-Superior Energy Production, Reliable-Longer Life and No Single Point of Failure, Simple-Ease of Design and Installation, Smart-Module-Level Monitoring and Analytics, and Safe-"All AC" Solution. The Company has sold approximately 4.7 million microinverters

Top Ranked Articles about Enphase Energy Inc

Daniel Loeb Expands Position in Enphase Energy Guru increased his position in semiconductor manufacturer
Daniel Loeb (Trades, Portfolio) of Third Point LLC increased his position in Enphase Energy Inc. (NASDAQ:ENPH) by 7.33% on Sept. 28. Read more...

Ratios

vs
industry
vs
history
PB Ratio 60.00
ENPH's PB Ratio is ranked lower than
99% of the 876 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.85 vs. ENPH: 60.00 )
Ranked among companies with meaningful PB Ratio only.
ENPH' s PB Ratio Range Over the Past 10 Years
Min: 1.3  Med: 6.98 Max: 88.57
Current: 60
1.3
88.57
PS Ratio 0.19
ENPH's PS Ratio is ranked higher than
96% of the 863 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.72 vs. ENPH: 0.19 )
Ranked among companies with meaningful PS Ratio only.
ENPH' s PS Ratio Range Over the Past 10 Years
Min: 0.03  Med: 0.56 Max: 2.43
Current: 0.19
0.03
2.43
Current Ratio 1.42
ENPH's Current Ratio is ranked lower than
75% of the 771 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.40 vs. ENPH: 1.42 )
Ranked among companies with meaningful Current Ratio only.
ENPH' s Current Ratio Range Over the Past 10 Years
Min: 1.42  Med: 2.34 Max: 4.01
Current: 1.42
1.42
4.01
Quick Ratio 1.04
ENPH's Quick Ratio is ranked lower than
76% of the 770 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.84 vs. ENPH: 1.04 )
Ranked among companies with meaningful Quick Ratio only.
ENPH' s Quick Ratio Range Over the Past 10 Years
Min: 1.04  Med: 1.91 Max: 3.67
Current: 1.04
1.04
3.67
Days Inventory 54.28
ENPH's Days Inventory is ranked higher than
69% of the 745 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 77.40 vs. ENPH: 54.28 )
Ranked among companies with meaningful Days Inventory only.
ENPH' s Days Inventory Range Over the Past 10 Years
Min: 19.86  Med: 32.66 Max: 54.28
Current: 54.28
19.86
54.28
Days Sales Outstanding 69.04
ENPH's Days Sales Outstanding is ranked lower than
57% of the 699 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 62.63 vs. ENPH: 69.04 )
Ranked among companies with meaningful Days Sales Outstanding only.
ENPH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.38  Med: 47.7 Max: 115.12
Current: 69.04
43.38
115.12
Days Payable 43.73
ENPH's Days Payable is ranked lower than
60% of the 678 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 50.62 vs. ENPH: 43.73 )
Ranked among companies with meaningful Days Payable only.
ENPH' s Days Payable Range Over the Past 10 Years
Min: 16.25  Med: 38.33 Max: 72.22
Current: 43.73
16.25
72.22

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -13.70
ENPH's 3-Year Average Share Buyback Ratio is ranked lower than
84% of the 586 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -2.20 vs. ENPH: -13.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ENPH' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -282.6  Med: -13.7 Max: 0
Current: -13.7
-282.6
0

Valuation & Return

vs
industry
vs
history
Price-to-Median-PS-Value 0.33
ENPH's Price-to-Median-PS-Value is ranked higher than
96% of the 802 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.20 vs. ENPH: 0.33 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
ENPH' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.22  Med: 0.79 Max: 3.29
Current: 0.33
0.22
3.29
Earnings Yield (Greenblatt) % -52.53
ENPH's Earnings Yield (Greenblatt) % is ranked lower than
85% of the 991 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.01 vs. ENPH: -52.53 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ENPH' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -2180.59  Med: 0 Max: 0
Current: -52.53
-2180.59
0

More Statistics

Revenue (TTM) (Mil) $322.6
EPS (TTM) $ -1.35
Beta1.23
Short Percentage of Float2.46%
52-Week Range $0.95 - 2.80
Shares Outstanding (Mil)82.53

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 334 427
EPS ($) -0.24 0.12
EPS without NRI ($) -0.24 0.12
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for ENPH

Headlines

Articles On GuruFocus.com
Daniel Loeb Expands Position in Enphase Energy Oct 04 2016 
Will Tesla's 'Powerwall' Strategy Pay Off? May 02 2015 
Enphase Energy (ENPH) Record-Breaking Growth, Boston Scientific (BSX) and Johnson & Johnson (JNJ) En Feb 18 2015 
Eddie Lampert Reduces Sears Spin-Off Orchard Supply Co., Daniel Loeb Increases Enphase 83% Apr 09 2012 

More From Other Websites
ENPHASE ENERGY, INC. Financials Mar 22 2017
Enphase Energy Revolutionizes Residential Rooftop Solar Installations Mar 21 2017
Enphase Energy, Inc. :ENPH-US: Earnings Analysis: Q4, 2016 By the Numbers : March 21, 2017 Mar 21 2017
ENPHASE ENERGY, INC. Files SEC form 10-K, Annual Report Mar 16 2017
Solar Energy Installations in the U.S. Nearly Doubled in 2016: Today's Research Reports on Enphase... Mar 13 2017
Edited Transcript of ENPH earnings conference call or presentation 28-Feb-17 9:30pm GMT Mar 10 2017
Sunnova Selects Enphase Energy, Inc. as Preferred Inverter Supplier Mar 08 2017
ENPHASE ENERGY, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Feb 28 2017
Enphase Energy reports 4Q loss Feb 28 2017
Enphase Energy reports 4Q loss Feb 28 2017
Enphase Energy Reports Financial Results for the Fourth Quarter and Fiscal Year 2016 Feb 28 2017
Q4 2016 Enphase Energy Inc Earnings Release - After Market Close Feb 28 2017
ENPHASE ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... Feb 16 2017
Enphase Energy Extends Term Loan Facility Feb 16 2017
Axiom's Gordon Johnson On Why PV Installations In The U.S. Could Be Cooling Feb 02 2017
Trace Software Launches archelios Pro Design Software for Enphase Energy's Solar Systems Feb 02 2017
Enphase Energy Announces Conference Call to Review Fourth Quarter and Full Year 2016 Financial... Feb 01 2017
ENPHASE ENERGY, INC. Files SEC form 8-K, Costs Associated with Exit or Disposal Activities,... Jan 30 2017
Enphase Energy Restructures to Accelerate Profitability Jan 30 2017
Enphase Energy Inc. Review of 3Q 2016 Results and 4Q Outlook Jan 17 2017

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