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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 0.66
ENPH's Cash to Debt is ranked lower than
67% of the 847 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.55 vs. ENPH: 0.66 )
Ranked among companies with meaningful Cash to Debt only.
ENPH' s Cash to Debt Range Over the Past 10 Years
Min: 0.65  Med: 3.52 Max: No Debt
Current: 0.66
Equity to Asset 0.06
ENPH's Equity to Asset is ranked lower than
96% of the 842 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.62 vs. ENPH: 0.06 )
Ranked among companies with meaningful Equity to Asset only.
ENPH' s Equity to Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.3 Max: 0.65
Current: 0.06
0.04
0.65
F-Score: 2
Z-Score: -0.80
M-Score: -3.64
WACC vs ROIC
7.99%
-231.71%
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 (%) -22.77
ENPH's Operating margin (%) is ranked lower than
87% of the 843 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.33 vs. ENPH: -22.77 )
Ranked among companies with meaningful Operating margin (%) only.
ENPH' s Operating margin (%) Range Over the Past 10 Years
Min: -82.67  Med: -14.38 Max: -1.29
Current: -22.77
-82.67
-1.29
Net-margin (%) -23.54
ENPH's Net-margin (%) is ranked lower than
86% of the 842 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.81 vs. ENPH: -23.54 )
Ranked among companies with meaningful Net-margin (%) only.
ENPH' s Net-margin (%) Range Over the Past 10 Years
Min: -83.81  Med: -17.64 Max: -2.34
Current: -23.54
-83.81
-2.34
ROE (%) -245.54
ENPH's ROE (%) is ranked lower than
98% of the 827 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.98 vs. ENPH: -245.54 )
Ranked among companies with meaningful ROE (%) only.
ENPH' s ROE (%) Range Over the Past 10 Years
Min: -245.54  Med: -83.58 Max: -18.48
Current: -245.54
-245.54
-18.48
ROA (%) -41.90
ENPH's ROA (%) is ranked lower than
95% of the 851 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.16 vs. ENPH: -41.90 )
Ranked among companies with meaningful ROA (%) only.
ENPH' s ROA (%) Range Over the Past 10 Years
Min: -80.8  Med: -33.45 Max: -5.99
Current: -41.9
-80.8
-5.99
ROC (Joel Greenblatt) (%) -94.01
ENPH's ROC (Joel Greenblatt) (%) is ranked lower than
92% of the 849 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 7.44 vs. ENPH: -94.01 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
ENPH' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -280.72  Med: -100.12 Max: -11.75
Current: -94.01
-280.72
-11.75
Revenue Growth (3Y)(%) 4.30
ENPH's Revenue Growth (3Y)(%) is ranked higher than
57% of the 724 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.20 vs. ENPH: 4.30 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
ENPH' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -59.2 Max: 4.3
Current: 4.3
0
4.3
EBITDA Growth (3Y)(%) -36.10
ENPH's EBITDA Growth (3Y)(%) is ranked lower than
92% of the 530 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.80 vs. ENPH: -36.10 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
ENPH' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -75.3 Max: -36.1
Current: -36.1
EPS Growth (3Y)(%) -26.60
ENPH's EPS Growth (3Y)(%) is ranked lower than
82% of the 465 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.10 vs. ENPH: -26.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
ENPH' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -76.35 Max: -26.6
Current: -26.6
GuruFocus has detected 3 Warning Signs with Enphase Energy Inc $ENPH.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» ENPH's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

ENPH Guru Trades in Q4 2015

Daniel Loeb 6,248,987 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons Sold Out
Chuck Royce Sold Out
» More
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
» 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:AMEX:EMAN, NAS:CAMT, NAS:ATOM, NAS:ASYS, NAS:IMI, OTCPK:SPVNF, NAS:AEHR, AMEX:GIG, NAS:RBCN, AMEX:TRT, OTCPK:SODI, NAS:SCON, OTCPK:STRI, NAS:AXTI, NYSE:DQ, OTCPK:RNWEY, NAS:UCTT, OTCPK:IQEPF, NAS:AIXG, NYSE:PKE » 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
P/B 9.01
ENPH's P/B is ranked lower than
96% of the 825 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.80 vs. ENPH: 9.01 )
Ranked among companies with meaningful P/B only.
ENPH' s P/B Range Over the Past 10 Years
Min: 1.3  Med: 6.78 Max: 17.21
Current: 9.01
1.3
17.21
P/S 0.24
ENPH's P/S is ranked higher than
94% of the 830 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.62 vs. ENPH: 0.24 )
Ranked among companies with meaningful P/S only.
ENPH' s P/S Range Over the Past 10 Years
Min: 0.03  Med: 0.68 Max: 2.43
Current: 0.24
0.03
2.43
Current Ratio 1.52
ENPH's Current Ratio is ranked lower than
72% of the 849 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.36 vs. ENPH: 1.52 )
Ranked among companies with meaningful Current Ratio only.
ENPH' s Current Ratio Range Over the Past 10 Years
Min: 1.23  Med: 2.01 Max: 4.01
Current: 1.52
1.23
4.01
Quick Ratio 1.06
ENPH's Quick Ratio is ranked lower than
75% of the 848 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.81 vs. ENPH: 1.06 )
Ranked among companies with meaningful Quick Ratio only.
ENPH' s Quick Ratio Range Over the Past 10 Years
Min: 0.77  Med: 1.68 Max: 3.67
Current: 1.06
0.77
3.67
Days Inventory 61.25
ENPH's Days Inventory is ranked higher than
64% of the 812 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 78.03 vs. ENPH: 61.25 )
Ranked among companies with meaningful Days Inventory only.
ENPH' s Days Inventory Range Over the Past 10 Years
Min: 19.86  Med: 30.17 Max: 61.25
Current: 61.25
19.86
61.25
Days Sales Outstanding 72.95
ENPH's Days Sales Outstanding is ranked lower than
60% of the 768 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 63.33 vs. ENPH: 72.95 )
Ranked among companies with meaningful Days Sales Outstanding only.
ENPH' s Days Sales Outstanding Range Over the Past 10 Years
Min: 43.38  Med: 47.5 Max: 115.12
Current: 72.95
43.38
115.12
Days Payable 49.47
ENPH's Days Payable is ranked lower than
52% of the 741 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 50.89 vs. ENPH: 49.47 )
Ranked among companies with meaningful Days Payable only.
ENPH' s Days Payable Range Over the Past 10 Years
Min: 16.25  Med: 37.48 Max: 72.22
Current: 49.47
16.25
72.22

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -3.90
ENPH's 3-Year Average Share Buyback Ratio is ranked lower than
58% of the 589 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -2.60 vs. ENPH: -3.90 )
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: -115.3 Max: 0
Current: -3.9
-282.6
0

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 19.25
ENPH's Price/Tangible Book is ranked lower than
98% of the 797 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.93 vs. ENPH: 19.25 )
Ranked among companies with meaningful Price/Tangible Book only.
ENPH' s Price/Tangible Book Range Over the Past 10 Years
Min: 2.63  Med: 7.54 Max: 19.25
Current: 19.25
2.63
19.25
Price/Median PS Value 0.34
ENPH's Price/Median PS Value is ranked higher than
96% of the 748 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.15 vs. ENPH: 0.34 )
Ranked among companies with meaningful Price/Median PS Value only.
ENPH' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.08  Med: 1.25 Max: 3.11
Current: 0.34
0.08
3.11
Earnings Yield (Greenblatt) (%) -65.80
ENPH's Earnings Yield (Greenblatt) (%) is ranked lower than
98% of the 839 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.60 vs. ENPH: -65.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
ENPH' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -101.14  Med: 0 Max: 0
Current: -65.8
-101.14
0

More Statistics

Revenue (TTM) (Mil) $297.6
EPS (TTM) $ -1.52
Beta0.77
Short Percentage of Float3.28%
52-Week Range $0.95 - 3.43
Shares Outstanding (Mil)61.91

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 326 350 333
EPS ($) -1.20 -0.43 -0.58
EPS w/o NRI ($) -1.20 -0.43 -0.58
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($)
» 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
Company News for January 12, 2017 Jan 12 2017
ENPHASE ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered... Jan 10 2017
Enphase Energy Announces Strategic Investment from T.J. Rodgers and John Doerr Jan 10 2017
ENPHASE ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement Jan 06 2017
ETFs with exposure to Enphase Energy, Inc. : December 27, 2016 Dec 27 2016
ENPHASE ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial... Dec 23 2016
ETFs with exposure to Enphase Energy, Inc. : December 13, 2016 Dec 13 2016
Here is What Hedge Funds Think About Enphase Energy Inc (ENPH) Dec 11 2016
SunSystem Technology Acquires Residential Field Service Division of Next Phase Solar Dec 05 2016
ETFs with exposure to Enphase Energy, Inc. : December 2, 2016 Dec 02 2016
Enphase Storage System Goes Live in Landmark Multi-Dwelling Battery Installation Dec 01 2016
Enphase Energy and Generac Power Systems Partner to Educate Consumers on the Benefits of Combined... Nov 15 2016
Enphase Energy and Generac Power Systems Partner to Educate Consumers on the Benefits of Combined... Nov 15 2016
ETFs with exposure to Enphase Energy, Inc. : November 14, 2016 Nov 14 2016
ENPHASE ENERGY, INC. Financials Nov 09 2016
ETF’s with exposure to Enphase Energy, Inc. : November 4, 2016 Nov 04 2016
Enphase Energy, Inc. :ENPH-US: Earnings Analysis: Q3, 2016 By the Numbers : November 3, 2016 Nov 03 2016
Enphase Energy to Participate at Upcoming Craig-Hallum Investor Conference Nov 03 2016
UL Issues First UL 9540 Certified Home Energy Storage System to Enphase Energy Nov 03 2016
UL Issues First UL 9540 Certified Home Energy Storage System to Enphase Energy Nov 03 2016

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