Stock Analysis on Net

Enphase Energy Inc. (NASDAQ:ENPH)

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

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Enphase Energy Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $122.47
No. shares of common stock outstanding 135,759,339
US$ in thousands
Common equity (market value)1 16,626,446
Total equity 16,626,446
Add: Debt, current (per books)
Add: Debt, non-current (per books) 1,293,738
Total equity and debt 17,920,184
Less: Cash and cash equivalents 288,748
Less: Restricted cash
Less: Marketable securities 1,406,286
Enterprise value (EV) 16,225,150

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 122.47 × 135,759,339


Historical Enterprise Value (EV)

Enphase Energy Inc., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $122.47 $212.57 $145.69 $193.50 $59.09
No. shares of common stock outstanding1 135,759,339 136,497,418 133,935,574 129,021,311 123,179,271
US$ in thousands
Common equity (market value)3 16,626,446 29,015,256 19,513,074 24,965,624 7,278,663
Total equity 16,626,446 29,015,256 19,513,074 24,965,624 7,278,663
Add: Debt, current (book value) 90,892 86,052 325,967 2,884
Add: Debt, non-current (book value) 1,293,738 1,199,465 951,594 4,898 102,659
Total equity and debt 17,920,184 30,305,613 20,550,720 25,296,489 7,384,206
Less: Cash and cash equivalents 288,748 473,244 119,316 679,379 251,409
Less: Restricted cash 44,700
Less: Marketable securities 1,406,286 1,139,599 897,335
Enterprise value (EV) 16,225,150 28,692,770 19,534,069 24,617,110 7,088,097

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).

1 Data adjusted for splits and stock dividends.

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

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 122.47 × 135,759,339

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Enphase Energy Inc. EV increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.