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Enphase Energy (MEX:ENPH) Cyclically Adjusted FCF per Share : MXN32.36 (As of Mar. 2025)


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What is Enphase Energy Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Enphase Energy's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN5.078. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN32.36 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Enphase Energy's average Cyclically Adjusted FCF Growth Rate was 31.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2025-05-28), Enphase Energy's current stock price is MXN772.00. Enphase Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN32.36. Enphase Energy's Cyclically Adjusted Price-to-FCF of today is 23.86.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Enphase Energy was 1083.63. The lowest was 24.32. And the median was 108.14.


Enphase Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Enphase Energy's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Enphase Energy Cyclically Adjusted FCF per Share Chart

Enphase Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -95.88 -25.25 14.45 20.41 32.27

Enphase Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.27 24.32 28.57 32.27 32.36

Competitive Comparison of Enphase Energy's Cyclically Adjusted FCF per Share

For the Solar subindustry, Enphase Energy's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Enphase Energy's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Enphase Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Enphase Energy's Cyclically Adjusted Price-to-FCF falls into.


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Enphase Energy Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Enphase Energy's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=5.078/134.9266*134.9266
=5.078

Current CPI (Mar. 2025) = 134.9266.

Enphase Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -5.106 100.684 -6.843
201509 -3.331 100.392 -4.477
201512 1.915 99.792 2.589
201603 -6.928 100.470 -9.304
201606 0.959 101.688 1.272
201609 -9.281 101.861 -12.294
201612 -2.304 101.863 -3.052
201703 -6.872 102.862 -9.014
201706 0.029 103.349 0.038
201709 -0.491 104.136 -0.636
201712 -0.555 104.011 -0.720
201803 0.461 105.290 0.591
201806 0.737 106.317 0.935
201809 1.075 106.507 1.362
201812 0.020 105.998 0.025
201903 2.747 107.251 3.456
201906 1.800 108.070 2.247
201909 0.114 108.329 0.142
201912 13.427 108.420 16.710
202003 6.090 108.902 7.545
202006 3.856 108.767 4.783
202009 9.907 109.815 12.172
202012 10.190 109.897 12.511
202103 9.199 111.754 11.106
202106 6.924 114.631 8.150
202109 14.622 115.734 17.047
202112 12.110 117.630 13.891
202203 12.401 121.301 13.794
202206 26.870 125.017 29.000
202209 24.677 125.227 26.588
202212 31.819 125.222 34.285
202303 27.627 127.348 29.271
202306 26.613 128.729 27.894
202309 14.773 129.860 15.349
202312 1.892 129.419 1.973
202403 5.109 131.776 5.231
202406 15.804 132.554 16.087
202409 22.743 133.029 23.067
202412 21.947 133.157 22.239
202503 5.078 134.927 5.078

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Enphase Energy  (MEX:ENPH) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Enphase Energy's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=772.00/32.36
=23.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Enphase Energy was 1083.63. The lowest was 24.32. And the median was 108.14.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Enphase Energy Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Enphase Energy's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Enphase Energy Business Description

Industry
Address
47281 Bayside Parkway, Fremont, CA, USA, 94538
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.