Enphase Energy, Inc.

Enphase Energy, Inc.

ENPHยทNASDAQ

$69.02

+8.3%
EnergySolar

Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC battery storage systems; Envoy communications gateway; and Enlighten cloud-based monitoring service, as well as other accessories. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California.

At a Glance

Live Snapshot
Market Cap$9.10B
EPS1.3100
P/E Ratio52.69
Earnings Date07/28/2026
Enphase Energy, Inc.

Enphase Energy, Inc. Fair Value Envelope

ENPH ยท NASDAQ

Our analysis suggests that ENPH has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $69.02, this represents a potential HIDDEN relative to our calculated worth for Enphase Energy, Inc..

Intrinsic Value
Current Price: $69.02

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$111.6M
+ Cash & Equivalents$474.3M
Firm Value$586.0M
- Debt$1.2B
Equity Value-$657.8M
/ Shares Outstanding130,859,214B
DCF Value-$5
OVERVALUED BY 107%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$68.3M
$34.1M
$17.1M
$8.5M
$4.3M
$2.1M
$1.1M
$533.4K
$266.7K
$133.3K
Maintenance CapEx
-$4.1M
-$2.0M
-$1.0M
-$508.0K
-$254.0K
-$127.0K
-$63.5K
-$31.7K
-$15.9K
-$7.9K
Owner Earnings
$64.2M
$32.1M
$16.1M
$8.0M
$4.0M
$2.0M
$1.0M
$501.6K
$250.8K
$125.4K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$59.5M
$27.5M
$12.7M
$5.9M
$2.7M
$1.3M
$585.4K
$271.0K
$125.5K
$58.1K
Terminal Value represents 0.9% of Enterprise Value