Enovix Corp
NASDAQ:ENVX

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Enovix Corp Logo
Enovix Corp
NASDAQ:ENVX
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Price: 9.394 USD 3.23%
Market Cap: 1.8B USD
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Intrinsic Value

ENVX's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

The intrinsic value of one ENVX stock under the Base Case scenario is 3.326 USD. Compared to the current market price of 9.394 USD, Enovix Corp is Overvalued by 65%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

ENVX Intrinsic Value
3.326 USD
Overvaluation 65%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Enovix Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Enovix Corp

Current Assets 224m
Cash & Short-Term Investments 200.9m
Receivables 1.9m
Other Current Assets 21.2m
Non-Current Assets 224m
PP&E 171.5m
Intangibles 49.8m
Other Non-Current Assets 2.7m
Current Liabilities 59.5m
Accounts Payable 15m
Accrued Liabilities 21.9m
Short-Term Debt 11.4m
Other Current Liabilities 11.1m
Non-Current Liabilities 221m
Long-Term Debt 168.7m
Other Non-Current Liabilities 52.2m
Efficiency

Earnings Waterfall
Enovix Corp

Revenue
20.7m USD
Cost of Revenue
-36.2m USD
Gross Profit
-15.5m USD
Operating Expenses
-215.6m USD
Operating Income
-231.1m USD
Other Expenses
-13.6m USD
Net Income
-244.8m USD

Free Cash Flow Analysis
Enovix Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

ENVX Profitability Score
Profitability Due Diligence

Enovix Corp's profitability score is 17/100. The higher the profitability score, the more profitable the company is.

Exceptional Revenue Growth Forecast
Exceptional 1-Year Revenue Growth
Declining ROE
Declining ROIC
17/100
Profitability
Score

Enovix Corp's profitability score is 17/100. The higher the profitability score, the more profitable the company is.

ENVX Solvency Score
Solvency Due Diligence

Enovix Corp's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Negative Net Debt
Average D/E
37/100
Solvency
Score

Enovix Corp's solvency score is 37/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ENVX Price Targets Summary
Enovix Corp

Wall Street analysts forecast ENVX stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ENVX is 26.984 USD with a low forecast of 10.1 USD and a high forecast of 105 USD.

Lowest
Price Target
10.1 USD
8% Upside
Average
Price Target
26.984 USD
187% Upside
Highest
Price Target
105 USD
1 018% Upside
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Dividends

Enovix Corp
does not pay dividends
Shareholder Yield

Current shareholder yield for ENVX is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
Buyback Yield
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Average
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Debt Paydown Yield
Lowest
Average
Highest

Ownership

ENVX Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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ENVX News

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Profile

Enovix Corp Logo
Enovix Corp

Country

United States of America

Industry

Electrical Equipment

Market Cap

1.7B USD

Dividend Yield

0%

Description

Enovix Corp. engages in advanced silicon-anode lithium-ion battery development and production. The company is headquartered in Fremont, California. The company went IPO on 2020-12-04. The firm has developed and delivered sample batteries to consumer electronics manufacturers. The firm is developing custom three-dimensional (3D) silicon lithium-ion batteries for wearable, mobile computing and communication device applications. The firm's product includes model EX01-351144 for eyeware cell, which consists of approximately 664 watt-hours per liter (Wh/l) of energy density; model EX01-351829 for wearable devices, which consists of 714 Wh/l of energy density; model EX01-543870 for handset cell, and model EX01-395578 for smartphone or laptop cell, which consists of approximately 900 Wh/l of energy density. The firm is also developing its 3D cell technology and production process with automobile manufacturers for the electric vehicle and energy storage markets.

Contact

CALIFORNIA
Fremont
3501 W. Warren Avenue
+16507222555.0
www.rodgerscap.com

IPO

2020-12-04

Employees

173

Officers

President, CEO & Director
Dr. Raj Talluri
Chief Financial Officer
Mr. Farhan Ahmad
Chief Operating Officer
Mr. Ajay Marathe
Chief Legal Officer, General Counsel & Secretary
Ms. Arthi Chakravarthy
Founder
Dr. Robert M. Spotnitz
Vice President of Human Resources
Ms. Iryna Romaniv
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VP of Business Development & Head of Enovix Mobility
Dr. James Wilcox Ph.D.
Head of EV Products
Mr. Albert Spencer Gore
Senior VP of Research & Development
Mr. Jonathan Doan
Senior Vice President of Product
Ms. Samira Naraghi
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See Also

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What is the Intrinsic Value of one ENVX stock?

The intrinsic value of one ENVX stock under the Base Case scenario is 3.326 USD.

Is ENVX stock undervalued or overvalued?

Compared to the current market price of 9.394 USD, Enovix Corp is Overvalued by 65%.

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