Enovix Corporation

DB:6Q81 Stock Report

Market Cap: €1.8b

Enovix Valuation

Is 6Q81 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 6Q81 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6Q81 (€7.84) is trading below our estimate of fair value (€35.74)

Significantly Below Fair Value: 6Q81 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6Q81?

Key metric: As 6Q81 barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 6Q81. This is calculated by dividing 6Q81's market cap by their current book value.
What is 6Q81's PB Ratio?
PB Ratio10.9x
BookUS$167.59m
Market CapUS$1.83b

Price to Book Ratio vs Peers

How does 6Q81's PB Ratio compare to its peers?

The above table shows the PB ratio for 6Q81 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average7.4x
F3C SFC Energy
2.1x4.2%€284.1m
SGL SGL Carbon
0.7x17.7%€472.0m
CEA FRIWO
24.5xn/a€188.2m
OSR OSRAM Licht
2.4xn/a€4.9b
6Q81 Enovix
10.9x45.8%€1.8b

Price-To-Book vs Peers: 6Q81 is expensive based on its Price-To-Book Ratio (10.9x) compared to the peer average (7.4x).

Price to Book Ratio vs Industry

How does 6Q81's PB Ratio compare vs other companies in the DE Electrical Industry?

1 CompanyPrice / BookEstimated GrowthMarket Cap
C0M Compleo Charging Solutions
0.1x31.3%US$15.58m
No more companies available in this PB range
6Q81 10.9xIndustry Avg. 1.6xNo. of Companies3PB01.22.43.64.86+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 6Q81 is expensive based on its Price-To-Book Ratio (10.9x) compared to the European Electrical industry average (1.6x).

Price to Book Ratio vs Fair Ratio

What is 6Q81's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6Q81 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio10.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 6Q81's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 6Q81 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.84
€26.12
+233.2%
84.8%€95.84€9.58n/a12
Dec ’25€8.66
€25.05
+189.2%
84.8%€91.94€9.19n/a12
Nov ’25€8.48
€25.05
+195.3%
84.8%€91.94€9.19n/a12
Oct ’25€8.26
€26.42
+220.0%
77.1%€91.63€12.83n/a12
Sep ’25€8.70
€26.42
+203.7%
77.1%€91.63€12.83n/a12
Aug ’25€12.53
€27.03
+115.6%
75.8%€92.67€12.97n/a12
Jul ’25€14.18
€26.13
+84.3%
85.8%€93.63€10.30n/a11
Jun ’25€10.20
€25.71
+152.1%
83.2%€93.22€10.25n/a12
May ’25€5.95
€26.31
+342.5%
80.8%€93.68€11.24n/a12
Apr ’25€7.16
€26.51
+270.0%
77.6%€92.20€11.06n/a12
Mar ’25n/a
€26.51
0%
77.6%€92.20€11.06n/a12
Feb ’25€8.59
€26.44
+207.8%
77.9%€92.22€10.14n/a12
Jan ’25€11.48
€26.44
+130.4%
77.9%€92.22€10.14n/a12
Dec ’24€10.00
€26.44
+164.5%
77.9%€92.22€10.14€8.6612
Nov ’24€8.28
€28.71
+246.9%
71.7%€94.64€10.41€8.4812
Oct ’24€11.88
€28.65
+141.2%
67.0%€91.18€18.24€8.2612
Sep ’24€13.36
€28.65
+114.5%
67.0%€91.18€18.24€8.7012
Aug ’24€18.84
€28.65
+52.0%
67.0%€91.18€18.24€12.5312
Jul ’24€17.12
€25.78
+50.6%
78.1%€90.72€13.61€14.1812
Jun ’24€12.25
€25.78
+110.4%
78.1%€90.72€13.61€10.2012
May ’24€9.80
€25.78
+163.1%
78.1%€90.72€13.61€5.9512
Apr ’24€10.40
€26.13
+151.3%
78.1%€91.69€13.75€7.1612
Mar ’24€8.65
€26.89
+210.8%
78.1%€94.34€14.15n/a12
Feb ’24€7.20
€26.96
+274.4%
74.7%€92.03€14.72€8.5912
Jan ’24€11.70
€30.53
+160.9%
67.9%€95.00€18.05€11.4811
Dec ’23€12.30
€30.53
+148.2%
67.9%€95.00€18.05€10.0011

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 05:55
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/29
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Enovix Corporation is covered by 15 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael LeggBenchmark Company
Ryan PfingstB. Riley Securities, Inc.
Christopher SoutherB. Riley Securities, Inc.