Enphase Energy, Inc.
$5.12B- Market cap
- $4.79B
- Debt
- +$1.84B
- Cash
- −$1.51B
Capital structure 72% equity / 28% debt · EV / Revenue 3.47x · EV / EBITDA 18.41x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: ENPH stock price at premium vs BABA $36.37 current versus $22.82 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BABA's multiple
Implied fair value · at ENPH's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ENPH FY 2025 (ended Dec 31, 2025) · BABA FY 2026 (ended Mar 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 72% equity / 28% debt · EV / Revenue 3.47x · EV / EBITDA 18.41x
Capital structure 93% equity / 7% debt · EV / Revenue 0.72x · EV / EBITDA 3.38x
BABA carries the larger enterprise value at $106.98B against $5.12B; BABA trades on the lower EV / Revenue multiple (0.72x vs 3.47x); BABA on the lower EV / EBITDA (3.38x vs 18.41x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Enphase Energy, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Alibaba Group Holding Limited · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.69x
0.12x
Net debt / EBITDA
Leverage against operating earnings
1.16x
-4.93x
Cash and equivalents
Liquid reserves on the balance sheet
$1.51B
$174.38B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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