Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
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).
Item | Description | The company |
---|---|---|
EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Enphase Energy Inc. EBITDA increased from 2021 to 2022 and from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in thousands) | |
Enterprise value (EV) | 16,225,150) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 596,686) |
Valuation Ratio | |
EV/EBITDA | 27.19 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
Advanced Micro Devices Inc. | 67.23 |
Analog Devices Inc. | 19.21 |
Applied Materials Inc. | 19.34 |
Broadcom Inc. | 41.00 |
First Solar Inc. | 19.02 |
Intel Corp. | 11.06 |
KLA Corp. | 27.47 |
Lam Research Corp. | 21.17 |
Micron Technology Inc. | 12.47 |
NVIDIA Corp. | 87.59 |
Qualcomm Inc. | 19.11 |
Texas Instruments Inc. | 20.69 |
EV/EBITDA, Sector | |
Semiconductors & Semiconductor Equipment | 60.29 |
EV/EBITDA, Industry | |
Information Technology | 34.91 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Enterprise value (EV)1 | 16,225,150) | 28,692,770) | 19,534,069) | 24,617,110) | 7,088,097) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 596,686) | 520,261) | 196,926) | 158,514) | 113,924) | |
Valuation Ratio | ||||||
EV/EBITDA3 | 27.19 | 55.15 | 99.19 | 155.30 | 62.22 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
Advanced Micro Devices Inc. | 65.81 | 22.63 | 34.19 | 62.10 | 82.59 | |
Analog Devices Inc. | 15.56 | 16.23 | 38.55 | 23.61 | 18.67 | |
Applied Materials Inc. | 15.75 | 11.04 | 17.54 | 16.82 | 14.60 | |
Broadcom Inc. | 26.42 | 13.54 | 19.72 | 18.89 | 16.32 | |
First Solar Inc. | 11.52 | 53.82 | 7.64 | 12.99 | 32.49 | |
Intel Corp. | 18.96 | 6.20 | 6.02 | 6.40 | 8.73 | |
KLA Corp. | 15.67 | 14.97 | 19.26 | 18.10 | 14.14 | |
Lam Research Corp. | 15.36 | 11.36 | 16.94 | 18.35 | 10.69 | |
Micron Technology Inc. | 32.38 | 3.26 | 6.05 | 6.46 | 3.90 | |
NVIDIA Corp. | 95.69 | 57.58 | 58.98 | 52.92 | 21.08 | |
Qualcomm Inc. | 12.82 | 7.84 | 12.76 | 19.49 | 10.55 | |
Texas Instruments Inc. | 16.36 | 14.69 | 15.54 | 21.75 | 17.73 | |
EV/EBITDA, Sector | ||||||
Semiconductors & Semiconductor Equipment | 26.35 | 14.60 | 15.47 | 14.72 | 11.61 | |
EV/EBITDA, Industry | ||||||
Information Technology | 23.65 | 18.58 | 20.64 | 19.71 | 14.59 |
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).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 16,225,150 ÷ 596,686 = 27.19
4 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Enphase Energy Inc. EV/EBITDA ratio decreased from 2021 to 2022 and from 2022 to 2023. |