What Is Enphase Energy, Inc.'s (NASDAQ:ENPH) Share Price Doing?
What Is Enphase Energy, Inc.'s (NASDAQ:ENPH) Share Price Doing?
Are you a shareholder? It seems like the market has already priced in ENPH's positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value? Today we're going to take a look at the well-established Enphase Energy, Inc. (NASDAQ:ENPH). The company's stock saw a decent share price growth of 18% on the NASDAQGM over the last few months. While good news for shareholders, the company has traded much higher in the past year. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, what if the stock is still a bargain? Let's examine Enphase Energy's valuation and outlook in more detail to determine if there's still a bargain opportunity.
今天我們將仔細研究Enphase Energy, Inc. (NASDAQ:ENPH)這家成熟的企業。 過去幾個月中，該公司的股票在納斯達克GM上看到了相當不錯的股價增長，達到了18%。 儘管這對股東來說是個好消息，但該公司在過去一年中交易得更高。 由於有許多分析師正在研究這個大市值股票，在股票價格敏感性方面的任何公告可能已經被考慮在股票價格中了。 但是，如果股票仍然是便宜的呢？ 讓我們更詳細地研究Enphase Energy的估值和前景，以確定是否仍存在交易機會。
What's The Opportunity In Enphase Energy?
Enphase Energy的機會是什麼？
The stock seems fairly valued at the moment according to our valuation model. It's trading around 18% below our intrinsic value, which means if you buy Enphase Energy today, you'd be paying a fair price for it. And if you believe that the stock is really worth $152.37, then there isn't much room for the share price grow beyond what it's currently trading. Although, there may be an opportunity to buy in the future. This is because Enphase Energy's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity.
根據我們的估值模型，該股票目前似乎是公正定價的。 它的交易價格大約低於我們的內在價值18％，這意味着如果您今天購買Enphase Energy，您將爲其支付一個公正的價格。 如果您認爲該股票真正價值爲152.37美元，那麼股票的股價增長空間不會超過當前的交易水平。 儘管如此，未來可能會有購買的機會。 這是因爲Enphase Energy的貝塔（股價波動度的度量）很高，這意味着其股價波動將相對於市場其他部分被誇大。 如果市場看淡，公司的股票可能會比市場其他部分下跌更多，提供了一個主板購買機會。
What kind of growth will Enphase Energy generate?
Enphase Energy將產生怎樣的增長？
Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to more than double over the next couple of years, the future seems bright for Enphase Energy. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
當您考慮購買股票時，未來的前景是一個重要的方面，特別是如果您是尋找投資組合增長的投資者。 儘管價值投資者會認爲內在價值相對於價格最重要，但更有說服力的投資論點將是高增長潛力與低價。 預計在接下來的幾年內，利潤將翻番，Enphase Energy的未來看起來光明。 看起來股票的現金流更高，這應該反映在更高的股票估值中。
What This Means For You
這對您意味着什麼？
Are you a shareholder? It seems like the market has already priced in ENPH's positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
您是股東嗎？ 市場似乎已經將ENPH的積極前景定價，股票交易價格合理。 但是，還有其他重要因素我們今天沒有考慮，例如管理團隊的業績記錄。這些因素是否自您上次看該股票以來發生了變化？ 如果股票交易價格低於合理價值，您是否有足夠的信心投資於該公司？
Are you a potential investor? If you've been keeping an eye on ENPH, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
您是潛在投資者嗎？ 如果您一直在關注ENPH，現在可能不是最優購買時機，因爲股票交易價格合理。 但是，公司的樂觀前景是令人鼓舞的，這意味着值得進一步研究其他因素，例如其資產負債表的強度，以利用下一次股價下跌。
If you'd like to know more about Enphase Energy as a business, it's important to be aware of any risks it's facing. At Simply Wall St, we found 1 warning sign for Enphase Energy and we think they deserve your attention.
如果您想了解Enphase Energy作爲企業的更多信息，則必須了解其面臨的任何風險。 在Simply Wall St上，我們發現Enphase Energy存在1個警告信號，我們認爲這些值得您的關注。
If you are no longer interested in Enphase Energy, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您不再感興趣Enphase Energy，您可以使用我們的免費平台查看我們的其他50多隻高成長股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。