Enphase Ebitda vs Income Before Tax Analysis
| ENPH Stock | USD 105.16 3.60 3.31% |
Enphase Energy financial indicator trend analysis is much more than just examining Enphase Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enphase Energy is a good investment. Please check the relationship between Enphase Energy Ebitda and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enphase Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.
Ebitda vs Income Before Tax
Ebitda vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enphase Energy Ebitda account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Enphase Energy's Ebitda and Income Before Tax is 0.97. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Enphase Energy, assuming nothing else is changed. The correlation between historical values of Enphase Energy's Ebitda and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Enphase Energy are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Ebitda i.e., Enphase Energy's Ebitda and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Ebitda
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Enphase Energy income statement and is an important metric when analyzing Enphase Energy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Enphase Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enphase Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enphase Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.As of now, Enphase Energy's Selling General Administrative is increasing as compared to previous years. The Enphase Energy's current Tax Provision is estimated to increase to about 102.2 M, while Enterprise Value Over EBITDA is projected to decrease to 24.01.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 45.2M | 9.4M | 8.8M | 9.5M | Depreciation And Amortization | 33.1M | 74.8M | 74.7M | 78.4M |
Enphase Energy fundamental ratios Correlations
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Enphase Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enphase Energy fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 131.6M | 141.9M | 142.9M | 144.4M | 143.3M | 78.6M | |
| Total Assets | 713.2M | 1.2B | 2.1B | 3.1B | 3.4B | 3.6B | |
| Short Long Term Debt Total | 105.5M | 330.9M | 1.0B | 1.3B | 1.3B | 1.4B | |
| Other Current Liab | 57.2M | 87.8M | 177.3M | 331.5M | 292.8M | 307.4M | |
| Total Current Liabilities | 199.3M | 534.0M | 439.8M | 638.2M | 532.4M | 559.1M | |
| Total Stockholder Equity | 272.2M | 484.0M | 430.2M | 825.6M | 983.6M | 1.0B | |
| Property Plant And Equipment Net | 39.1M | 60.7M | 96.6M | 132.7M | 188.1M | 197.5M | |
| Current Deferred Revenue | 81.8M | 47.7M | 62.7M | 90.7M | 118.3M | 124.2M | |
| Net Debt | (145.9M) | (348.5M) | 918.3M | 817.1M | 1.0B | 1.1B | |
| Retained Earnings | (185.2M) | (51.2M) | (405.7M) | 17.3M | 46.3M | 48.6M | |
| Accounts Payable | 57.5M | 72.6M | 113.8M | 125.1M | 116.2M | 122.0M | |
| Cash | 251.4M | 679.4M | 119.3M | 473.2M | 288.7M | 162.8M | |
| Non Current Assets Total | 213.6M | 267.0M | 616.8M | 820.0M | 939.5M | 986.5M | |
| Non Currrent Assets Other | 44.6M | 7.9M | 8.1M | 11.5M | 11.9M | 11.2M | |
| Cash And Short Term Investments | 251.4M | 679.4M | 1.0B | 1.6B | 1.7B | 1.8B | |
| Net Receivables | 145.4M | 182.2M | 333.6M | 440.9M | 446.0M | 468.3M | |
| Liabilities And Stockholders Equity | 713.2M | 1.2B | 2.1B | 3.1B | 3.4B | 3.6B | |
| Non Current Liabilities Total | 241.7M | 182.1M | 1.2B | 1.6B | 1.9B | 2.0B | |
| Inventory | 32.1M | 41.8M | 74.4M | 149.7M | 213.6M | 224.3M | |
| Other Current Assets | 70.8M | 29.8M | 37.8M | 60.8M | 88.9M | 93.4M | |
| Other Stockholder Equity | 458.3M | 534.7M | 837.9M | 819.1M | 939.3M | 986.3M | |
| Total Liab | 441.0M | 716.1M | 1.6B | 2.3B | 2.4B | 2.5B | |
| Property Plant And Equipment Gross | 39.1M | 60.7M | 96.6M | 132.7M | 325.5M | 341.8M | |
| Total Current Assets | 499.7M | 933.1M | 1.5B | 2.3B | 2.4B | 2.6B | |
| Accumulated Other Comprehensive Income | (923K) | 434K | (2.0M) | (10.9M) | (2.0M) | (2.1M) | |
| Short Term Debt | 2.9M | 326.0M | 86.1M | 90.9M | 5.2M | 5.0M | |
| Other Liab | 129.5M | 162.0M | 257.7M | 401.9M | 462.2M | 485.3M | |
| Other Assets | 119.2M | 147.8M | 241.2M | 317.4M | 365.0M | 383.2M | |
| Long Term Debt | 102.7M | 4.9M | 951.6M | 1.2B | 1.3B | 1.4B | |
| Intangible Assets | 30.6M | 28.8M | 97.8M | 99.5M | 68.5M | 72.0M | |
| Property Plant Equipment | 28.9M | 43.0M | 96.6M | 111.4M | 128.1M | 134.5M | |
| Net Tangible Assets | 216.9M | 430.4M | 151.2M | 512.5M | 589.3M | 618.8M | |
| Retained Earnings Total Equity | (185.2M) | (51.2M) | (405.7M) | 17.3M | 15.6M | 16.4M | |
| Capital Surpluse | 458.3M | 534.7M | 837.9M | 819.1M | 942.0M | 989.1M | |
| Non Current Liabilities Other | 11.8M | 17.0M | 16.5M | 43.5M | 51.0M | 26.4M | |
| Short Long Term Debt | 2.9M | 326.0M | 86.1M | 90.9M | 104.5M | 80.0M |
Enphase Energy Investors Sentiment
The influence of Enphase Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enphase. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Enphase Energy's public news can be used to forecast risks associated with an investment in Enphase. The trend in average sentiment can be used to explain how an investor holding Enphase can time the market purely based on public headlines and social activities around Enphase Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Enphase Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enphase Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enphase Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enphase Energy.
Enphase Energy Implied Volatility | 116.78 |
Enphase Energy's implied volatility exposes the market's sentiment of Enphase Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enphase Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Enphase Energy stock will not fluctuate a lot when Enphase Energy's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enphase Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enphase Energy's short interest history, or implied volatility extrapolated from Enphase Energy options trading.
Pair Trading with Enphase Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enphase Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enphase Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Enphase Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enphase Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enphase Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enphase Energy to buy it.
The correlation of Enphase Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enphase Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enphase Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enphase Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enphase Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more detail on how to invest in Enphase Stock please use our How to Invest in Enphase Energy guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Enphase Stock analysis
When running Enphase Energy's price analysis, check to measure Enphase Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enphase Energy is operating at the current time. Most of Enphase Energy's value examination focuses on studying past and present price action to predict the probability of Enphase Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enphase Energy's price. Additionally, you may evaluate how the addition of Enphase Energy to your portfolios can decrease your overall portfolio volatility.
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Is Enphase Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enphase Energy. If investors know Enphase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enphase Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.87) | Earnings Share 1.94 | Revenue Per Share 13.425 | Quarterly Revenue Growth (0.64) | Return On Assets 0.0503 |
The market value of Enphase Energy is measured differently than its book value, which is the value of Enphase that is recorded on the company's balance sheet. Investors also form their own opinion of Enphase Energy's value that differs from its market value or its book value, called intrinsic value, which is Enphase Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enphase Energy's market value can be influenced by many factors that don't directly affect Enphase Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enphase Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enphase Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enphase Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.