Enphase Energy: Sensitivity Analysis Indicates Undervaluation

LD Investment Thesis One of the most important tasks in financial analysis is to consider the question: Does a company's current share price validly measure the company's future business prospects? There is a long-standing Ben Graham analogy that the stock market is a voting machine in the short-term, and a weighing machine in the long-term. The point being made here is that short-term share price fluctuations can be sharp, dramatic, and even unrepresentative. Over time average historical valuations are mor ...