Stock Analysis on Net

Enphase Energy Inc. (NASDAQ:ENPH)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 9, 2024.

Price to Sales (P/S)
since 2012

Microsoft Excel

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Calculation

Enphase Energy Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Enphase Energy Inc. Annual Report.


Share Price
The share price exhibited notable volatility over the analyzed period. Initially, it increased consistently from $4.88 in 2013 to $13.61 in 2015, followed by a steep decline to $1.37 in 2017. Subsequently, the share price recovered significantly, reaching a peak of $212.57 in 2023 before declining again to $122.47 in 2024. Overall, the share price trend shows high fluctuations with periods of rapid appreciation and correction.
Sales per Share
Sales per share rose from $5.26 in 2013 to a peak of $7.83 in 2015, then experienced a decline to $2.91 in 2019. From 2019 onward, sales per share demonstrated strong growth, peaking at $17.08 in 2023 before a slight decrease to $16.87 in 2024. This indicates an overall positive growth trajectory in sales performance per share, particularly in the later years.
Price to Sales (P/S) Ratio
The P/S ratio displayed significant variability. It increased from 0.93 in 2013 to 1.74 in 2015, dropped sharply to around 0.32-0.35 during 2016 and 2017, and then climbed steeply, peaking at 32.24 in 2021. Following this peak, the ratio decreased to 7.26 by 2024. The P/S ratio's high volatility suggests considerable changes in market valuation relative to sales, with particularly elevated market expectations around 2020-2021 that moderated thereafter.

Comparison to Competitors

Enphase Energy Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Enphase Energy Inc., P/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).


Comparison to Industry (Information Technology)

Enphase Energy Inc., P/S, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).