NVX

NovonixASX:NVX Stock Report

Market Cap

AU$2.4b

7D

1.7%

1Y

233.3%

Updated

19 Sep, 2021

Data

Company Financials +
NVX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

NVX Overview

Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America.

Share Price & News

How has Novonix's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NVX is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: NVX's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.


Market Performance


7 Day Return

1.7%

NVX

0.5%

AU Electronic

-0.01%

AU Market


1 Year Return

233.3%

NVX

60.6%

AU Electronic

27.1%

AU Market

Return vs Industry: NVX exceeded the Australian Electronic industry which returned 60.6% over the past year.

Return vs Market: NVX exceeded the Australian Market which returned 27.1% over the past year.


Shareholder returns

NVXIndustryMarket
7 Day1.7%0.5%-0.01%
30 Day63.0%2.4%-0.5%
90 Day185.7%16.4%0.8%
1 Year233.3%233.3%63.0%60.6%32.4%27.1%
3 Year934.5%934.5%277.1%248.9%35.9%19.3%
5 Year684.3%684.3%206.3%182.7%65.3%32.7%

Long-Term Price Volatility Vs. Market

How volatile is Novonix's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Novonix Fundamentals Summary

How do Novonix's earnings and revenue compare to its market cap?
NVX fundamental statistics
Market CapAU$2.43b
Earnings (TTM)-AU$18.08m
Revenue (TTM)AU$5.23m

464.8x

P/S Ratio

-134.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NVX income statement (TTM)
RevenueAU$5.23m
Cost of RevenueAU$969.77k
Gross ProfitAU$4.26m
ExpensesAU$22.33m
Earnings-AU$18.08m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.049
Gross Margin81.45%
Net Profit Margin-345.80%
Debt/Equity Ratio3.4%

How did NVX perform over the long term?

See historical performance and comparison

Valuation

Is Novonix undervalued compared to its fair value and its price relative to the market?

13.17x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NVX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NVX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NVX is unprofitable, so we can't compare its PE Ratio to the Australian Electronic industry average.

PE vs Market: NVX is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NVX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NVX is overvalued based on its PB Ratio (13.2x) compared to the AU Electronic industry average (4.6x).


Future Growth

How is Novonix forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

48.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NVX's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if NVX's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NVX's revenue (48.1% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: NVX's revenue (48.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NVX's Return on Equity is forecast to be low in 3 years time (11.5%).


Past Performance

How has Novonix performed over the past 5 years?

-35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVX is currently unprofitable.

Growing Profit Margin: NVX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NVX is unprofitable, and losses have increased over the past 5 years at a rate of 35% per year.

Accelerating Growth: Unable to compare NVX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NVX is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (178.2%).


Return on Equity

High ROE: NVX has a negative Return on Equity (-9.8%), as it is currently unprofitable.


Financial Health

How is Novonix's financial position?


Financial Position Analysis

Short Term Liabilities: NVX's short term assets (A$144.0M) exceed its short term liabilities (A$5.4M).

Long Term Liabilities: NVX's short term assets (A$144.0M) exceed its long term liabilities (A$13.1M).


Debt to Equity History and Analysis

Debt Level: NVX's debt to equity ratio (3.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NVX's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NVX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: NVX has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 48.7% each year


Dividend

What is Novonix current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NVX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NVX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NVX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NVX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NVX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Chris Burns

1

Tenure

AU$3,581,682

Compensation

Dr. John Christopher Burns, also known as Chris, serves as Group Chief Executive Officer of Novonix Limited since September 2020 and has been its Chief Operating Officer. He has been Chief Executive Office...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD2.60M) is above average for companies of similar size in the Australian market ($USD1.28M).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: NVX's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: NVX's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.1%.


Top Shareholders

Company Information

Novonix Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Novonix Limited
  • Ticker: NVX
  • Exchange: ASX
  • Founded: 2012
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: AU$2.428b
  • Shares outstanding: 404.60m
  • Website: https://www.novonixgroup.com

Location

  • Novonix Limited
  • Central Plaza Two
  • Level 11
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Biography

Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. It operates through three segments: Graphite Exploration and Mining, Bat...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 08:04
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.