DB:GC3

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with limited growth.

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: GC3's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-39.4%

GC3

3.7%

DE Electronic

1.9%

DE Market


1 Year Return

169.7%

GC3

9.3%

DE Electronic

4.4%

DE Market

Return vs Industry: GC3 exceeded the German Electronic industry which returned 6.1% over the past year.

Return vs Market: GC3 exceeded the German Market which returned 2.6% over the past year.


Shareholder returns

GC3IndustryMarket
7 Day-39.4%3.7%1.9%
30 Day-33.5%-1.2%-1.2%
90 Day24.5%3.0%3.2%
1 Year169.7%169.7%12.2%9.3%6.9%4.4%
3 Year9.6%9.6%-8.1%-12.6%1.9%-6.4%
5 Yearn/a105.8%91.3%32.5%14.4%

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

No news available

Valuation

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

5.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GC3's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GC3's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GC3 is unprofitable, so we can't compare its PE Ratio to the DE Electronic industry average.

PE vs Market: GC3 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GC3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GC3 is overvalued based on its PB Ratio (5.4x) compared to the DE Electronic industry average (1.9x).


Next Steps

Future Growth

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

53.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GC3's forecast earnings growth is above the savings rate (0.2%).

Earnings vs Market: Insufficient data to determine if GC3's earnings are forecast to grow faster than the German market

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

Revenue vs Market: GC3's revenue (53.4% per year) is forecast to grow faster than the German market (6.2% per year).

High Growth Revenue: GC3's revenue (53.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GC3's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

  • Explore growth companies in the Tech industry.

Past Performance

How has Novonix performed over the past 5 years?

-54.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GC3 is currently unprofitable.

Growing Profit Margin: GC3 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GC3 is unprofitable, and losses have increased over the past 5 years at a rate of 54.9% per year.

Accelerating Growth: Unable to compare GC3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GC3 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-42.2%).


Return on Equity

High ROE: GC3 has a negative Return on Equity (-30.1%), as it is currently unprofitable.


Next Steps

Financial Health

How is Novonix's financial position?


Financial Position Analysis

Short Term Liabilities: GC3's short term assets (A$41.4M) exceed its short term liabilities (A$4.0M).

Long Term Liabilities: GC3's short term assets (A$41.4M) exceed its long term liabilities (A$4.7M).


Debt to Equity History and Analysis

Debt Level: GC3's debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GC3'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: GC3 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GC3 has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 43.6% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GC3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GC3'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 GC3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GC3'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 GC3's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

3.9yrs

Average board tenure


CEO

Chris Burns

no data

Tenure

AU$2,548,321

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 ($USD1.80M) is above average for companies of similar size in the German market ($USD735.04K).

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


Board Members

NamePositionTenureCompensationOwnership
Gregory Baynton
Non-Executive Director8.42yrsAU$572.13k8.53%
A$ 18.9m
Robert Natter
Executive Director3.17yrsAU$377.54k0.43%
A$ 945.0k
Andrew Liveris
Independent Non-Executive Director2.17yrsAU$2.77m1.18%
A$ 2.6m
Anthony Bellas
Independent Non-Executive Chairman5.08yrsAU$383.57k0.61%
A$ 1.4m
Trevor St Baker
Independent Non-Executive Directorno datano data0.20%
A$ 441.6k
Robert Cooper
Independent Non-Executive Director3.92yrsAU$33.46k0.15%
A$ 326.1k

3.9yrs

Average Tenure

65yo

Average Age

Experienced Board: GC3's board of directors are considered experienced (3.9 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 substantially diluted in the past year, with total shares outstanding growing by 174.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Novonix Limited
  • Ticker: GC3
  • Exchange: DB
  • Founded: 2012
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: AU$365.680m
  • Listing Market Cap: AU$221.421m
  • Shares outstanding: 351.62m
  • Website: https://www.novonixgroup.com

Location

  • Novonix Limited
  • 46 Edward Street
  • Level 8
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NVXASX (Australian Securities Exchange)YesCommon StockAUAUDDec 2015
NVXCHIA (Chi-X Australia)YesCommon StockAUAUDDec 2015
GC3DB (Deutsche Boerse AG)YesCommon StockDEEURDec 2015
NVNX.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2015

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 20:47
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.