Enovix Corporation(ENVX) Stock Research - Grey Stern Research
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Enovix Corporation (ENVX) Stock Analysis

$11.84 (-5.67%)

ENVX Financial Performance


Use the table below to view Enovix Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $12.55 -
52 Week Low $5.70 -
52 Week High $18.68 -
Market Cap $2.2 Billion 2/10
Gross Margin -17% 6/10
Profit Margin -100% 5/10
EBITDA margin -1091% 8/10
Q2 - 2024 Revenue $3.8 Million 6/10
Q2 - 2024 Earnings -$115.9 Million 9/10
Q2 - 2024 Free Cash Flow -$52.2 Million 7/10
Trailing 4 Quarters Revenue $16.6 Million 6/10
Trailing 4 Quarters Earnings -$238.4 Million 8/10
Quarterly Earnings Growth -80% 8/10
Annual Earnings Growth 33% 3/10
Quarterly Revenue Growth 8871% 1/10
Annual Revenue Growth 15730% 1/10
Cash On Hand $235.1 Million 3/10
Short Term Debt $11.0 Million 5/10
Long Term Debt $182.7 Million 3/10

Enovix Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Enovix Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 1/10
PS 133.11 1/10
PB 12.78 1/10
PC 9.41 2/10
Liabilities to Equity 1.85 3/10
ROA -0.49 8/10
ROE -1.40 9/10
Current Ratio 1.55 7/10
Quick Ratio 0.79 5/10
Long Term Debt to Equity 1.07 2/10
Debt to Equity 1.14 3/10
Burn Rate 1.87 4/10
Cash to Cap 0.11 9/10
CCR 0.45 8/10
EV to EBITDA -52.83 10/10
EV to Revenue 130.61 1/10

Company Details

Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.

CEO:

Website: https://www.enovix.com

Address: 3501 West Warren Avenue Fremont, CA

Exchange: NASDAQ Global Select

Industry: Electrical Equipment & Parts

Enovix Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Enovix Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Plug Power Inc. PLUG $1.8 Billion
FuelCell Energy, Inc. FCEL $188.3 Million
Bloom Energy Corporation BE $2.4 Billion
Eos Energy Enterprises, Inc. EOSE $643.6 Million
Microvast Holdings, Inc. MVST $68.3 Million
FREYR Battery FREY $133.5 Million
ESS Tech, Inc. GWH $82.9 Million
Solid Power, Inc. SLDP $223.7 Million
Expion360 Inc. XPON $1.6 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
ENVX Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 3.8 Million -$115.9 Million
Q1 2024 $ 5.3 Million -$46.4 Million
Q4 2023 $ 7.4 Million -$60.0 Million
Q3 2023 $ 200,000 -$16.2 Million
Q2 2023 $ 42,000 -$64.3 Million
Q1 2023 $ 21,000 -$96.8 Million
Q3 2022 $ 8,000 -$132.2 Million
Q2 2022 $ 5.1 Million $25.3 Million

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ENVX Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $235.1 Million $489.0 Million $193.7 Million $173.1 Million
Q1 2024 $222.2 Million $508.9 Million $191.6 Million $232.1 Million
Q4 2023 $233.1 Million $564.3 Million $190.6 Million $261.1 Million
Q3 2023 $270.8 Million $519.9 Million $174.6 Million $252.5 Million
Q2 2023 $343.2 Million $539.0 Million $174.6 Million $247.3 Million
Q1 2023 $293.8 Million $410.6 Million $8.0 Million $312.1 Million
Q3 2022 $349.0 Million $467.6 Million $8.4 Million $358.3 Million
Q2 2022 $384.7 Million $487.3 Million $8.7 Million $428.7 Million

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ENVX Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 -$52.2 Million -$25.2 Million $12.9 Million
Q1 2024 -$50.1 Million -$15.1 Million -$11.0 Million
Q4 2023 -$56.0 Million -$28.8 Million -$35.8 Million
Q3 2023 -$11,000 $0 -$11,000
Q2 2023 -$36.2 Million -$12.7 Million $49.4 Million
Q1 2023 -$28.6 Million -$3.0 Million -$29.1 Million
Q3 2022 -$37.5 Million -$16.9 Million -$35.7 Million
Q2 2022 -$24.6 Million -$4.0 Million -$23.4 Million

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