Enphase Energy vs Shoals Technologies
ENPH and SHLS side by side, both in electronic components and accessories. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How ENPH and SHLS compare
Enphase Energy is the larger company, worth 2.5 times as much as Shoals Technologies ($3.4B against $1.4B).
On earnings, Shoals Technologies is cheaper: it trades at 36.0× trailing earnings, against 39.5× for Enphase Energy.
Shoals Technologies grew revenue faster over the last twelve months (49.2% versus −19.9% for Enphase Energy).
Enphase Energy keeps more of each dollar of sales as profit, with a net margin of 7.5% compared with 5.8% at Shoals Technologies.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | ENPH | SHLS |
|---|---|---|
| Size and price | ||
| Market cap | $3.4B | $1.4B |
| Share price | $26.07 | $8.29 |
| Change, 1 year | −15.1% | −7.2% |
| Change, 5 years | −90.3% | −74.8% |
| Beta (5Y) | 1.27 | 1.11 |
| Employees | 2,872 | 1,480 |
| StockData Score | ||
| Total score | 12 | 12 |
| Valuation score | 5 (better) | 4 |
| Growth score | 0 | 3 (better) |
| Performance score | 3 (better) | 2 |
| Health score | 4 (better) | 3 |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 39.5× | 36.0× (better) |
| P/S | 2.8× | 2.2× (better) |
| P/B | 2.8× | 2.2× (better) |
| EV/EBITDA | 23.4× | 16.2× (better) |
| P/FCF | 25.5× | – |
| FCF yield | 3.9% (better) | −2.5% |
| Fair value | $35.96 | $9.59 |
| Margin of safety | 27.5% (better) | 13.6% |
| Growth | ||
| Revenue growth (TTM) | −19.9% | 49.2% (better) |
| Revenue growth, 5Y average | 13.7% | 22.0% (better) |
| Net income growth (TTM) | −53.6% | 13.7% (better) |
| EPS growth (TTM) | −53.2% | 15.0% (better) |
| Profitability | ||
| Gross margin | 45.8% (better) | 30.9% |
| Operating margin | 4.2% | 11.2% (better) |
| Net margin | 7.5% (better) | 5.8% |
| FCF margin | 11.2% (better) | −5.3% |
| Return on equity | 8.1% (better) | 6.2% |
| Return on invested capital | 6.3% | 8.6% (better) |
| Financial health | ||
| Debt / equity | 0.46 | – |
| Net debt / EBITDA | −2.71 | – |
| Interest coverage | 24.0× (better) | 5.7× |
| Current ratio | 4.09 (better) | 2.45 |
| Altman Z-score | 2.26 | 3.84 (better) |
| Piotroski F-score | 6 | 6 |
| Dividends and buybacks | ||
| Buyback yield | 0.00% | – |
| Shareholder yield | 0.00% | 0.00% |
| Ownership | ||
| Held by institutions | 94.1% | 105% |
| Held by insiders | 2.9% | 2.0% |
| Insider net buying, 12 months | −$18.6M | −$618K (better) |
| Superinvestors holding | 1 | – |
| Short interest, % of float | 21.3% | 9.5% |
Go deeper
- ENPH stock overview
- ENPH income statement
- ENPH valuation and score
- SHLS stock overview
- SHLS income statement
- SHLS valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.