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Industrials - Electrical Equipment & Parts - NASDAQ - US
$ 6.16
-0.325 %
$ 1.18 B
Market Cap
-4.83
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one ENVX stock under the worst case scenario is HIDDEN Compared to the current market price of 6.16 USD, Enovix Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one ENVX stock under the base case scenario is HIDDEN Compared to the current market price of 6.16 USD, Enovix Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one ENVX stock under the best case scenario is HIDDEN Compared to the current market price of 6.16 USD, Enovix Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ENVX

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$15.0$15.0$14.0$14.0$13.0$13.0$12.0$12.0$11.0$11.0$10.0$10.0$9.0$9.0$8.0$8.0$7.0$7.0$6.0$6.0$5.0$5.0Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
FINANCIALS
263 K REVENUE
-95.76%
-165 M OPERATING INCOME
-25.38%
-154 M NET INCOME
-198.50%
-77.4 M OPERATING CASH FLOW
6.44%
-132 M INVESTING CASH FLOW
-264.56%
160 M FINANCING CASH FLOW
182.40%
4.32 M REVENUE
14.57%
-49.3 M OPERATING INCOME
44.49%
-22.6 M NET INCOME
80.48%
-30.7 M OPERATING CASH FLOW
-13.85%
-4.53 M INVESTING CASH FLOW
-1116.50%
-864 K FINANCING CASH FLOW
-2.18%
Balance Sheet Enovix Corporation
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Current Assets 323 M
Cash & Short-Term Investments 307 M
Receivables 2.42 M
Other Current Assets 13.9 M
Non-Current Assets 241 M
Long-Term Investments 2 M
PP&E 182 M
Other Non-Current Assets 57.4 M
54.37 %32.21 %10.17 %Total Assets$564.3m
Current Liabilities 61 M
Accounts Payable 21.3 M
Short-Term Debt 5.92 M
Other Current Liabilities 33.8 M
Non-Current Liabilities 242 M
Long-Term Debt 185 M
Other Non-Current Liabilities 57.5 M
7.01 %11.16 %60.91 %18.96 %Total Liabilities$303.2m
EFFICIENCY
Earnings Waterfall Enovix Corporation
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Revenue 263 K
Cost Of Revenue 43.3 M
Gross Profit -43 M
Operating Expenses 115 M
Operating Income -165 M
Other Expenses -11.4 M
Net Income -154 M
20m20m00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)(120m)(120m)(140m)(140m)(160m)(160m)(180m)(180m)263k(43m)(43m)(115m)(165m)11m(154m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
-16360.84% GROSS MARGIN
-16360.84%
-62919.39% OPERATING MARGIN
-62919.39%
-58590.87% NET MARGIN
-58590.87%
-59.69% ROE
-59.69%
-27.31% ROA
-27.31%
-32.50% ROIC
-32.50%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Enovix Corporation
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00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)(120m)(120m)20202020Jul '20Jul '2020212021Jul '21Jul '2120222022Jul '22Jul '2220232023Jul '23Jul '23
Net Income -154 M
Depreciation & Amortization 11 M
Capital Expenditures -33 M
Stock-Based Compensation 57.8 M
Change in Working Capital 4.92 M
Others 2.93 M
Free Cash Flow -110 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Enovix Corporation
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Wall Street analysts predict an average 1-year price target for ENVX of $13.7 , with forecasts ranging from a low of $5 to a high of $19 .
ENVX Lowest Price Target Wall Street Target
5 USD -18.83%
ENVX Average Price Target Wall Street Target
13.7 USD 121.86%
ENVX Highest Price Target Wall Street Target
19 USD 208.44%
Price
Max Price Target
Min Price Target
Average Price Target
202018181616141412121010886644Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Enovix Corporation
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Sold
0-3 MONTHS
2.8 M USD 1
3-6 MONTHS
730 K USD 1
6-9 MONTHS
455 K USD 1
9-12 MONTHS
91 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Enovix Appoints Ryan Benton as Chief Financial Officer FREMONT, Calif., April 17, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX), a global high-performance battery company, announced the appointment of Ryan Benton as Chief Financial Officer (CFO). Mr. Benton brings over three decades of financial leadership experience. He previously held key roles at ASM International and served as CFO for multiple public companies including Silvaco and Exar Corporation. globenewswire.com - 2 weeks ago
Enovix: The Tariff Dip Could Be A Generational Buying Opportunity The latest tariffs imposed by the US are likely to have a minimal impact on Enovix, in my opinion. Enovix's pioneer status could help its pricing power, even with the tariffs. Enovix's acquisition of SolarEdge's facility in South Korea will help boost its position in the drone industry, considering the capabilities of Routejade's batteries. seekingalpha.com - 3 weeks ago
Enovix To Acquire Korean Battery Cell Facility to Bolster Manufacturing Acquisition will support company's efforts to meet growing demand in the defense industry Acquisition will support company's efforts to meet growing demand in the defense industry globenewswire.com - 4 weeks ago
Enovix Reports Progress on 2025 Smartphone Launch FREMONT, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced the completion of its second milestone, triggering a payment for sample battery cells shipped under a development agreement executed in October 2024 with a leading smartphone OEM. The samples were customized to specific requirements of the OEM, including cycle life, fast charge and energy density levels which Enovix believes are superior to any product available on the market today. globenewswire.com - 1 month ago
Enovix: 2025 Mass Production Sparks Optimism I recommend a Buy rating on Enovix due to successful mass production progress and commercialization readiness, positioning it for significant revenue growth. Enovix's Fab2 facility in Malaysia has completed Site Acceptance Testing for High-Volume Manufacturing, indicating readiness for mass production and customer shipments. Enovix is strategically positioned to meet the growing demand for high-capacity batteries in smartphones, IoT, EVs, and defense markets, with major OEMs already engaged. seekingalpha.com - 2 months ago
2025 Is Enovix's Inflection Point With First Commercial Production 2025 Is Enovix's Inflection Point With First Commercial Production seekingalpha.com - 2 months ago
Enovix: A Worthy Buy For Asymmetric Upside Enovix Corporation's revenue scale up is progressing slower than expected due to guidance misses and lower-than-expected throughput in its first high-volume manufacturing line. But Enovix is progressing well on smartphone customer engagements, scaling up manufacturing operations, and on battery product R&D milestones, with no delays; a respectable achievement. Valuations remain optically high for this early-stage business, but I think it is difficult to assess it on traditional valuation metrics. seekingalpha.com - 2 months ago
Enovix Corporation (ENVX) Q4 2024 Earnings Call Transcript Enovix Corporation (NASDAQ:ENVX ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Robert Lahey - Head of Investor Relations Raj Talluri - President and Chief Executive Officer Kristina Truong - Chief Accounting Officer Ajay Marathe - Chief Operating Officer Conference Call Participants Jed Dorsheimer - William Blair Ananda Baruah - Loop Capital Markets Colin Rusch - Oppenheimer William Peterson - JPMorgan George Gianarikas - Canaccord Genuity Derek Soderberg - Cantor Fitzgerald Gus Richard - Northland Capital Markets Sean Milligan - Janney Operator Thank you for standing by and welcome to the Enovix Corporation Fourth Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode. seekingalpha.com - 2 months ago
Enovix Corporation (ENVX) Reports Q4 Loss, Tops Revenue Estimates Enovix Corporation (ENVX) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.28 per share a year ago. zacks.com - 2 months ago
Enovix Announces Fourth Quarter and Full Year 2024 Financial Results FREMONT, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today financial results for the fourth quarter and full year 2024, which included the summary below from its President and CEO, Dr. Raj Talluri. globenewswire.com - 2 months ago
Enovix: Very Well Positioned In 2025, I'm Long Enovix, a pre-revenue company, is developing high-performance batteries and aims to start mass production in Malaysia by late 2025. The key to Enovix's success is achieving 95% battery yields, which would enable scaling production and securing major customers. Despite past misjudgments, I'm bullish on Enovix's long-term potential, especially with a Fortune 50 partnership in the works. seekingalpha.com - 2 months ago
Enovix Corporation (ENVX) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release Enovix Corporation (ENVX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 months ago
8. Profile Summary

Enovix Corporation ENVX

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COUNTRY US
INDUSTRY Electrical Equipment & Parts
MARKET CAP $ 1.18 B
Dividend Yield 0.00%
Description Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
Contact 3501 West Warren Avenue, Fremont, CA, 94538 https://www.enovix.com
IPO Date Jan. 5, 2021
Employees 570
Officers Dr. Raj Talluri Ph.D. President, Chief Executive Officer & Director Mr. Ajay Marathe Chief Operating Officer Ms. Arthi Chakravarthy Chief Legal Officer, General Counsel & Secretary Dr. Robert M. Spotnitz Founder