Novonix Ltd
ASX:NVX

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Novonix Ltd
ASX:NVX
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Price: 0.84 AUD 3.7% Market Closed
Market Cap: 414.7m AUD
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Relative Value

The Relative Value of one NVX stock under the Base Case scenario is 1.81 AUD. Compared to the current market price of 0.84 AUD, Novonix Ltd is Undervalued by 53%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NVX Relative Value
Base Case
1.81 AUD
Undervaluation 53%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
79
vs Industry
2
Median 3Y
67.9
Median 5Y
63.2
Industry
1.8
Forward
17.7
vs History
vs Industry
Median 3Y
-10.1
Median 5Y
-10.6
Industry
23
Forward
-10.6
vs History
vs Industry
Median 3Y
-25.3
Median 5Y
-29.4
Industry
14.6
vs History
vs Industry
Median 3Y
-10.8
Median 5Y
-11.4
Industry
20.1
vs History
80
vs Industry
61
Median 3Y
1.6
Median 5Y
3.2
Industry
2
vs History
73
vs Industry
2
Median 3Y
57.9
Median 5Y
51.1
Industry
1.8
Forward
19.2
vs History
vs Industry
Median 3Y
-37.2
Median 5Y
-94.1
Industry
7.5
vs History
vs Industry
Median 3Y
-8.9
Median 5Y
-10
Industry
14.9
Forward
-4
vs History
vs Industry
Median 3Y
-8.9
Median 5Y
-10
Industry
18.5
Forward
-3.5
vs History
vs Industry
Median 3Y
-21.8
Median 5Y
-26.5
Industry
14.3
vs History
4
vs Industry
Median 3Y
-5.6
Median 5Y
-7.1
Industry
17.4
vs History
80
vs Industry
51
Median 3Y
1.6
Median 5Y
2.8
Industry
1.6

Multiples Across Competitors

NVX Competitors Multiples
Novonix Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Novonix Ltd
ASX:NVX
410.8m AUD 34.6 -5.8 -5.8 -5.8
JP
Keyence Corp
TSE:6861
16.1T JPY 16.2 42.6 28.8 29.6
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
300.2B CNY 3.2 21.7 17.5 17.5
US
Keysight Technologies Inc
NYSE:KEYS
28B USD 5.6 30.7 23.5 30
SE
Hexagon AB
STO:HEXA B
258B SEK 4.1 22.1 13.5 17.4
US
Teledyne Technologies Inc
NYSE:TDY
22.9B USD 4.1 24.3 18.7 24.4
US
Zebra Technologies Corp
NASDAQ:ZBRA
20.7B USD 4.5 54.4 27.6 35.2
US
Trimble Inc
NASDAQ:TRMB
17.8B USD 4.8 11.8 31.7 42.3
US
Iteris Inc
NASDAQ:ITI
14B USD 80.3 10 008.2 2 709.6 12 453.2
IL
Mobileye Global Inc
NASDAQ:MBLY
13.8B USD 7.6 -4.7 92.3 -33.6
UK
Halma PLC
LSE:HLMA
9.6B GBP 4.7 35.7 21.3 27.3

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