Enphase Energy, Inc. Financial Ratios — ENPH Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	-53.51	-18.48	-49.96	-315.62	- -	- -	115.11	35.44	31.82	63.29	48.52	11.3	17.93
Return on Assets (%)	-38.96	-33.45	-21.69	-5.99	-13.9	-41	-27.16	-4.57	30.6	14.01	8.87	15.39	13.57	3.1	5.09
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.58	20.28	4.99	7.92
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.8	17.75	3.48	6.18
Gross Margin (%)	19.44	25.52	28.95	32.87	30.29	17.98	19.58	29.87	35.44	44.68	40.12	41.81	46.2	47.29	46.64
EBITDA Margin (%)	-17.17	-11.81	-6.52	1.11	-2.45	-14.97	-4.7	4.87	19.13	26.41	17.85	21.86	23.4	12.92	16.65
Operating Margin (%)	-19.2	-14.38	-9.52	-1.29	-5.4	-18.27	-7.85	1.81	16.87	24.07	15.62	19.33	20.14	6.8	11.18
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	93.98	32.32	54.04	4.84	24.75	-26.9	38.63	52.04
Pretax Margin (%)	-21.6	-17.34	-10.76	-2.12	-5.8	-20.46	-15.84	-3.24	14.43	15.42	8.75	19.39	22.4	9.03	13.9
Profit Margin (%)	-21.6	-17.64	-11.13	-2.34	-6.18	-20.91	-15.79	-3.68	25.81	17.3	10.52	17.05	19.16	7.72	11.69
Net Income to Common Margin (%)	-21.6	-17.64	-11.13	-2.34	-6.18	-20.91	-15.79	-3.68	25.81	17.3	10.52	17.05	19.16	7.72	11.69
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.1	14.46	14.56	15.96
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	-53.51	-18.48	-49.96	-315.62	- -	- -	115.11	35.44	31.82	63.29	48.52	11.3	17.93

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	34	11	9	- -	17	34	50	110	109	335	1,041	1,296	1,299	1,308	1,213
ST Debt	5	2	4	- -	17	13	17	28	6	331	90	96	5	107	640
LT Debt	29	9	5	- -	- -	21	32	82	103	5	952	1,199	1,294	1,201	572
Total Debt/EBITDA	-1.32	-0.43	-0.57	- -	-1.94	-0.7	-3.7	7.13	0.91	1.64	4.22	2.54	2.42	7.61	4.94
Net Debt/EBITDA	0.69	1.34	1.94	-10.97	1.31	-0.33	-1.53	0.23	-1.22	-1.7	3.72	1.6	1.87	5.43	2.98
Total Debt/EBIT	-1.18	-0.35	-0.39	- -	-0.88	-0.58	-2.21	19.18	1.03	1.8	4.83	2.88	2.82	14.46	7.36
Net Debt/EBIT	0.61	1.1	1.33	9.49	0.59	-0.27	-0.92	0.62	-1.38	-1.87	4.25	1.81	2.18	10.32	4.43
EBITDA to Interest Expense	-8.54	-3.98	-7.39	2.06	-17.5	-17.41	-1.64	1.44	12.33	9.74	5.46	53.98	60.66	19.3	54.26
EBITDA-CapEx/Interest Expense	-13.42	-5.99	-10.43	-5.46	-42.98	-22.04	-2.14	1.05	10.8	8.76	4.3	49.05	48.17	15.52	45.27
EBIT to Interest Expense	-9.55	-4.84	-10.78	-2.38	-38.54	-21.25	-2.74	0.54	10.87	8.88	4.78	47.75	52.2	10.16	36.42
Interest Expense	3	6	2	2	1	3	8	11	10	21	45	9	9	9	5
Common Equity/Total Assets	-74.94	46.33	34.46	30.85	25.04	0.79	-5.4	2.29	38.17	40.33	20.69	26.77	29.08	25.63	30.97
Long-Term Debt/Equity (%)	210.03	15.32	12.86	- -	- -	1,597.54	- -	1,049.74	37.71	1.01	221.21	145.29	131.53	144.19	52.64
Long-Term Debt/Capital (%)	61.33	12.81	10.58	- -	- -	59	79.56	69.44	26.95	0.6	64.66	56.54	56.68	56.09	24.88
Long-Term Debt/Total Assets (%)	27.63	7.1	4.43	- -	- -	12.7	19.11	24.01	14.39	0.41	45.77	38.89	38.24	36.96	16.3
Total Debt/Equity (%)	242.44	19.52	21.58	- -	41.01	2,607.69	-545.16	1,411.82	39.94	69.3	242.11	156.95	132.06	157.04	111.55
Total Debt/Capital (%)	70.8	16.33	17.75	- -	29.09	96.31	122.46	93.39	28.54	40.93	70.77	61.08	56.91	61.1	52.73
Total Debt/Total Assets (%)	31.89	9.04	7.44	- -	10.27	20.72	29.41	32.3	15.24	27.95	50.09	42.01	38.4	40.26	34.55
Net Debt to Equity	-126.27	-60.42	-73.4	-89.52	-27.63	1,241.23	-225.81	45.6	-53.59	-72.01	213.48	98.98	102.17	112.04	67.16
Net Debt/Capital (%)	480.66	-152.68	-276	-854.31	-38.18	92.54	179.49	31.32	-112.62	-248.9	67.91	49.58	50.4	52.66	40
EBITDA	-26	-26	-15	4	-9	-48	-13	15	119	205	247	509	536	172	245
EBITDA-CapEx	-40	-39	-21	-10	-22	-61	-18	11	105	184	194	463	426	138	205
Operating Income (Loss)	-29	-31	-22	-4	-19	-59	-22	6	105	186	216	451	461	90	165

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.98	1.34	1.14	0.72	0.39	0.21	0.32	0.72	1.26	1.27	2.31	2.53	3.18	2.46	1.2
Current Ratio	1.56	2.81	2.71	1.96	1.67	1.42	1.42	1.51	2.51	1.75	3.33	3.55	4.59	3.53	2.07
Quick Ratio	1.32	2.16	2.11	1.48	1.02	0.95	1.03	1.26	1.99	1.61	3.07	3.22	4.02	2.8	1.38
CFO/Avg Current Liab	-0.01	-1.04	-0.03	0.53	-0.32	-0.42	-0.33	0.14	0.8	0.59	0.72	1.38	1.19	0.86	0.14
Common Equity/Total Assets	-74.94	46.33	34.46	30.85	25.04	0.79	-5.4	2.29	38.17	40.33	20.69	26.77	29.08	25.63	30.97
Long-Term Debt/Equity (%)	210.03	15.32	12.86	- -	- -	1,597.54	- -	1,049.74	37.71	1.01	221.21	145.29	131.53	144.19	52.64
Long-Term Debt/Capital (%)	61.33	12.81	10.58	- -	- -	59	79.56	69.44	26.95	0.6	64.66	56.54	56.68	56.09	24.88
Long-Term Debt/Total Assets (%)	27.63	7.1	4.43	- -	- -	12.7	19.11	24.01	14.39	0.41	45.77	38.89	38.24	36.96	16.3
Total Debt/Equity (%)	242.44	19.52	21.58	- -	41.01	2,607.69	-545.16	1,411.82	39.94	69.3	242.11	156.95	132.06	157.04	111.55
Total Debt/Capital (%)	70.8	16.33	17.75	- -	29.09	96.31	122.46	93.39	28.54	40.93	70.77	61.08	56.91	61.1	52.73
Total Debt/Total Assets (%)	31.89	9.04	7.44	- -	10.27	20.72	29.41	32.3	15.24	27.95	50.09	42.01	38.4	40.26	34.55
CFO/Total Liabilities	-0.4	-68.02	-1.14	23.02	-17.05	-20.31	-15.95	4.86	31.53	30.21	21.35	32.98	29.04	21.26	5.64
CFO/CapEx	-0.03	-3.44	-0.14	1.73	-1.66	-2.57	-6.9	3.89	9.4	10.52	6.7	16.04	6.31	15.29	3.36
Altman's Z-Score	-0.32	1.44	2.22	4.73	1.38	-0.9	-0.25	0.7	6.01	20.53	10.44	11.69	6.48	3.36	2.06

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	11.59	9.52	7.78	8.91	7.83	6.02	4.53	4.38	5.57	4.73	5.36	6.02	5.17	3.97	6.49
Days Sales Outstanding	31.48	38.33	46.89	40.97	46.6	60.6	80.59	83.29	65.58	77.2	68.11	60.64	70.65	91.87	56.2
Inventory Turnover	15.3	10.39	9.08	12.1	7.98	7.27	7.94	10.49	16.68	11.61	14.25	12.1	6.78	3.7	3.47
Days Inventory Outstanding	23.86	35.14	40.18	30.17	45.72	50.19	45.96	34.79	21.88	31.44	25.62	30.16	53.8	98.53	105.2
Accounts Payable Turnover	13.08	14.05	17.4	15.89	11.2	8.93	7.42	5.47	7.88	6.74	9.23	11.99	10.75	6.33	6.2
Accounts Payable Turnover Days	27.91	25.98	20.97	22.96	32.58	40.86	49.21	66.76	46.3	54.18	39.54	30.45	33.96	57.66	58.84
Cash Conversion Cycle	27.43	47.49	66.1	48.18	59.74	69.92	77.34	51.32	41.16	54.46	54.19	60.35	90.49	132.74	102.56
Inventory to Cash Days	7.62	3.2	6.71	10.8	0.88	10.41	34.62	48.5	43.7	45.75	42.5	30.49	16.85	-6.66	-48.99
Inventories	11	20	17	22	41	32	26	16	32	42	74	150	214	165	288
Raw Materials	2	2	1	3	2	5	2	1	4	10	25	35	31	39	103
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8
Finished Goods	9	18	15	18	39	27	24	15	28	32	49	115	183	126	177
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	149	267	625	161	63	207	506	3,217	22,629	24,495	36,151	17,934	9,097	4,201
- Cash & Cash Equivalents	52	45	38	42	28	18	29	106	251	679	119	473	289	369	474
+ Preferred Equity and Hybrid Capital	94	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	34	11	9	- -	17	34	50	110	109	335	1,041	1,296	1,299	1,308	1,213
Enterprise Value	76	115	238	583	149	79	228	510	3,074	22,285	24,519	35,834	17,538	8,782	3,901
Total Capital	48	68	49	47	58	35	41	118	381	819	1,472	2,121	2,283	2,141	2,300
Total Debt/Capital (%)	70.8	16.33	17.75	- -	29.09	96.31	122.46	93.39	28.54	40.93	70.77	61.08	56.91	61.1	52.73
Total Debt / EV	0.45	0.1	0.04	- -	0.11	0.43	0.22	0.22	0.04	0.02	0.04	0.04	0.07	0.15	0.31
EV/Sales	0.51	0.53	1.02	1.7	0.42	0.24	0.8	1.61	4.92	28.78	17.74	15.37	7.66	6.6	2.65
EV/EBITDA	- -	- -	- -	152.28	- -	- -	- -	33.12	25.74	108.95	99.4	70.34	32.71	51.11	15.9
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	89.05	29.19	119.53	113.6	79.52	38.01	97.1	23.69
EV/Cash Flow to Firm	28.78	- -	189.46	22.19	- -	- -	- -	18.02	19.66	92.89	60.34	47.58	24.9	16.85	27.8
EV/Free Cash Flow to Firm	4.39	- -	31.63	14.48	- -	- -	- -	15.72	17.96	85.56	53.44	44.82	21.53	15.83	21.55
Diluted Market Cap	- -	112	264	613	157	51	200	471	3,440	24,902	26,138	38,258	18,934	9,615	4,323
Diluted Enterprise Value	76	78	235	571	145	67	220	475	3,297	24,558	27,060	39,080	19,945	10,555	5,061
EV per Share	44.34	2.81	5.64	13.33	3.26	1.27	2.65	4.76	24.97	172.8	183.13	262.64	129.22	66.31	29.76
TTM Sales	150	217	233	344	357	323	286	316	624	774	1,382	2,331	2,291	1,330	1,473
TTM EBITDA	-26	-26	-15	4	-9	-48	-13	15	119	205	247	509	536	172	245
TTM Operating Income	-29	-31	-22	-4	-19	-59	-22	6	105	186	216	451	461	90	165
TTM Cash Flow to Firm	3	-38	1	26	-21	-30	-20	28	156	240	406	753	704	521	140
TTM Free Cash Flow to Firm	17	-25	8	40	-8	-17	-16	32	171	260	459	800	815	555	181

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	-3.54	49.03	16.04	-18.65	-2.54	-8.22	23.23	22.36	105.12	64.61	48.35	23.46	17.57	24.4
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	89.05	29.19	119.53	113.6	79.52	38.01	97.1	23.69
Enterprise Value	76	115	238	583	149	79	228	510	3,074	22,285	24,519	35,834	17,538	8,782	3,901
Low Price	- -	1.92	3.5	6.26	1.63	0.95	0.65	1.83	4.61	21.49	108.88	113.4	73.49	58.33	25.78
EV/Sales	0.51	0.53	1.02	1.7	0.42	0.24	0.8	1.61	4.92	28.78	17.74	15.37	7.66	6.6	2.65
EV/EBITDA	- -	- -	- -	152.28	- -	- -	- -	33.12	25.74	108.95	99.4	70.34	32.71	51.11	15.9
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	18.92	164.43	168.57	90.25	41.06	90.43	24.42
Price/Earnings Average	- -	-4.25	-10.61	-54.8	-16.15	-1.41	-2.55	-40.32	12.73	65.74	162.81	76.73	49.91	139.43	33.87
Price/Earnings High	- -	-7.7	-16.07	-95.75	-30.82	-2.79	-6.33	-65.12	25.65	177.48	260.27	115.78	84.42	186.48	58.6
Price/Earnings Low	- -	-1.54	-5.62	-33.35	-3.3	-0.71	-1.19	-15.68	3.34	20.14	100.33	38.63	22.83	76.8	19.64
Price/Book Value	- -	2.63	6.64	13.32	3.88	48.38	-22.69	65.11	11.82	46.75	56.94	43.79	18.23	10.92	3.86
Price/Book Value Average	- -	3.81	6.92	9.59	8.84	90.41	-13.09	64.77	7.95	18.69	55	37.23	22.17	16.84	5.36
Price/Book Value High	- -	6.9	10.48	16.75	16.86	178.66	-32.48	104.61	16.02	50.47	87.92	56.18	37.49	22.52	9.27
Price/Book Value Low	- -	1.38	3.67	5.83	1.8	45.5	-6.12	25.19	2.08	5.73	33.89	18.74	10.14	9.27	3.11
Price/Tangible Book Value	- -	2.63	6.69	15.1	4.53	-19.01	-15.56	-9.68	14.83	52.58	162.05	70.54	25.6	15.71	4.94
Price/Tangible Book Value Average	- -	3.81	6.97	10.87	10.32	-35.52	-8.98	-9.63	9.97	21.02	156.51	59.97	31.12	24.22	6.85
Price/Tangible Book Value High	- -	6.9	10.55	18.99	19.69	-70.19	-22.28	-15.55	20.11	56.75	250.2	90.5	52.64	32.4	11.86
Price/Tangible Book Value Low	- -	1.38	3.69	6.62	2.11	-17.88	-4.2	-3.74	2.62	6.44	96.45	30.19	14.24	13.34	3.98
Price/Sales	- -	0.52	1.13	1.78	0.44	0.16	0.7	1.49	4.88	28.45	17.74	15.39	7.87	6.98	2.85
Price/Sales Average	- -	0.75	1.18	1.28	1	0.3	0.4	1.48	3.28	11.38	17.13	13.08	9.56	10.76	3.96
Price/Sales High	- -	1.36	1.79	2.24	1.91	0.58	1	2.39	6.62	30.71	27.39	19.74	16.18	14.39	6.85
Price/Sales Low	- -	0.27	0.63	0.78	0.2	0.15	0.19	0.58	0.86	3.48	10.56	6.58	4.38	5.93	2.3
Price/Cash Flow	- -	-2.51	-302.8	25.31	-7.4	-1.55	-7.03	29.21	21.93	101.84	69.65	48.15	25.86	18.07	30.79
Price/Cash Flow Average	- -	-3.64	-315.29	18.22	-16.86	-2.89	-4.05	29.06	14.75	40.72	67.27	40.94	31.44	27.86	42.69
Price/Cash Flow High	- -	-6.59	-477.6	31.83	-32.17	-5.72	-10.06	46.93	29.73	109.93	107.54	61.77	53.18	37.27	73.87
Price/Cash Flow Low	- -	-1.32	-167.11	11.09	-3.44	-1.46	-1.9	11.3	3.87	12.47	41.45	20.61	14.38	15.35	24.76
Price/Free Cash Flow Average	- -	-5.13	51.05	11.55	-42.48	-4.74	-4.74	23.11	15.03	42.03	62.4	41.11	28.52	27.09	33.84
Price/Free Cash Flow High	- -	-9.29	77.34	20.17	-81.05	-9.37	-11.77	37.33	30.31	113.47	99.76	62.03	48.24	36.23	58.54
Price/Free Cash Flow Low	- -	-1.86	27.06	7.03	-8.67	-2.39	-2.22	8.99	3.94	12.87	38.46	20.69	13.05	14.92	19.63
EV/Sales Average	0.51	0.84	1.07	1.19	0.99	0.41	0.49	1.6	3.24	11.24	17.78	13.54	9.96	11.25	4.46
EV/Sales High	0.51	1.65	1.68	2.16	1.92	0.77	1.11	2.58	6.76	31.1	28.03	20.25	16.54	14.81	7.34
EV/Sales Low	0.51	0.2	0.51	0.67	0.18	0.23	0.27	0.63	0.68	3.13	11.22	6.99	4.8	6.51	2.8
EV/EBITDA Average	-2.96	-7.1	-16.38	106.53	-40.45	-2.77	-10.41	32.95	16.91	42.55	99.64	61.95	42.55	87.09	26.76
EV/EBITDA High	-2.96	-13.94	-25.81	194.32	-78.37	-5.14	-23.56	53.08	35.31	117.74	157.05	92.66	70.67	114.63	44.1
EV/EBITDA Low	-2.96	-1.73	-7.77	60.54	-7.22	-1.56	-5.68	12.96	3.56	11.87	62.84	31.99	20.49	50.42	16.79
EV/EBIT Average	-2.65	-5.83	-11.22	-92.12	-18.37	-2.27	-6.24	88.6	19.18	46.69	113.88	70.03	49.44	165.45	39.87
EV/EBIT High	-2.65	-11.45	-17.68	-168.04	-35.6	-4.22	-14.11	142.71	40.04	129.17	179.5	104.74	82.11	217.78	65.7
EV/EBIT Low	-2.65	-1.42	-5.32	-52.36	-3.28	-1.28	-3.4	34.83	4.03	13.02	71.82	36.16	23.81	95.8	25.01
Last Price	- -	3.65	6.34	14.29	3.51	1.01	2.41	4.73	26.13	175.47	182.94	264.96	132.14	68.68	32.05
High Price	- -	9.57	10	17.97	15.25	3.73	3.45	7.6	35.42	189.41	282.46	339.92	271.72	141.63	76.9
Enterprise Value Average	76	182	249	408	355	134	140	507	2,020	8,704	24,579	31,558	22,814	14,964	6,564
Enterprise Value High	76	357	392	744	687	248	317	817	4,218	24,082	38,742	47,202	37,889	19,698	10,818
Enterprise Value Low	76	44	118	232	63	75	76	199	425	2,427	15,501	16,295	10,984	8,665	4,118

Shares Outstanding	2	41	42	44	46	62	86	107	123	129	134	136	136	132	131
Diluted Weighted Avg Shares	39	31	42	43	45	51	83	100	132	142	143	144	143	140	135
Basic Weighted Avg Shares	39	31	42	43	45	51	83	100	117	126	134	135	136	135	131
Revenue per Share	3.81	7.05	5.59	8.02	8	6.39	3.45	3.17	5.35	6.17	10.31	17.22	16.8	9.84	11.23
EBITDA per Share	-0.65	-0.83	-0.36	0.09	-0.2	-0.96	-0.16	0.15	1.02	1.63	1.84	3.76	3.93	1.27	1.87
Operating Income per Share	-0.73	-1.01	-0.53	-0.1	-0.43	-1.17	-0.27	0.06	0.9	1.48	1.61	3.33	3.38	0.67	1.26
Basic EPS, GAAP	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.38	1.07	1.09	2.94	3.22	0.76	1.31
Basic EPS from Cont Ops	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.38	1.07	1.09	2.94	3.22	0.76	1.31
Diluted EPS, GAAP	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.22	0.94	1.02	2.75	3.06	0.73	1.28
Diluted EPS from Cont Ops	-0.82	-1.24	-0.62	-0.19	-0.49	-1.34	-0.54	-0.12	1.22	0.94	1.02	2.75	3.06	0.73	1.28
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.01	-1.45	-0.02	0.56	-0.47	-0.65	-0.34	0.16	1.19	1.72	2.63	5.5	5.11	3.8	1.04
Free Cash Flow per Basic Share	-0.38	-1.87	-0.17	0.24	-0.76	-0.91	-0.39	0.12	1.06	1.56	2.23	5.16	4.3	3.55	0.73
Cash & Equivalents per Share	30.08	1.11	0.91	0.96	0.62	0.29	0.34	0.99	2.04	5.27	7.59	11.82	12.49	12.25	11.54
Book Value per Share	-46.48	1.39	0.95	1.07	0.9	0.02	-0.11	0.07	2.21	3.75	3.21	6.05	7.25	6.29	8.29
Tangible Book Value per Share	-46.48	1.39	0.95	0.95	0.77	-0.05	-0.15	-0.49	1.76	3.34	1.13	3.76	5.16	4.37	6.48

Enphase Energy, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)