Enovix Corp

Miscellaneous
Industrial Machinery/Components
www.enovix.com

Moat Score
Safety Score

Market Cap $1.70B
PE -7
Debt $184.78M
Cash $202.95M
EV $1.68B
FCF -$208.55M

Earnings

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Sales & Net Margins

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Earnings	-$245.12M
EBIT	-$248.30M
ROE	-144%
ROA	-55%
FCF	-$208.55M
Equity	$170.24M
Growth Stability	1
PE	-6.94
PB	10
P/FCF	-8.16
P/S	82.06
Price/Cash	0.12
Debt/Equity	1.09
Debt/FCF	-0.89
Net Margins	-1K%
Gross Margins	-75%
Op. Margins	-1K%
Sales Growth YoY	2K%
Sales Growth QoQ	15%
Sales CAGR	26%
Equity CAGR	83%
Earnings Growth YoY	40%

Earnings Growth QoQ	-80%
Sales CAGR 5Y	26%
Equity CAGR 5Y	83%
Earnings CAGR 3Y	85%
Sales CAGR 3Y	85%
Equity CAGR 3Y	-27%
Market Cap	$1.70B
Revenue	$20.74M
Assets	$448.02M
Total Debt	$184.78M
Cash	$202.95M
Shares Outstanding	172.39M
EV	1.68B
Moat Score	0%
Safety Score	62%
Working Capital	164.53M
Current Ratio	3.77
Gross Profit	-$15.49M
Shares Growth 3y	9%
Equity Growth QoQ	-2%
Equity Growth YoY	-33%

Assets & ROA

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Stockholders Equity & ROE

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Enovix Corp is engaged in the business of advanced silicon-anode lithium-ion battery development and production. It is also developing its 3D cell technology and production process for the electric vehicle and energy storage markets to help enable the widespread utilization of renewable energy.

SEC Filings

Direct access to Enovix Corp (ENVX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02
- 10-K Jan 01
2022
- 10-Q Oct 02
- 10-Q Jul 03
- 10-Q Apr 03
- 10-K Jan 02

Sector Comparison

How does Enovix Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Enovix Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Enovix Corp Discounted Cash Flow

Fully customizable DCF calculator online for Enovix Corp.

Years

Calculation mode

= -$2.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$209M	-$209M	-$209M	-$209M	-$209M	-$209M	-$209M	-$209M	-$209M	-$209M	-$209M	-$2.1B
DCF		-$190M	-$172M	-$157M	-$142M	-$129M	-$118M	-$107M	-$97M	-$88M	-$80M	-$804M
Value	-$2.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2020	01/2022	12/2022	12/2023	TTM
Net Margins	-	-	-832%	-3K%	-1K%
ROA	-	-14%	-12%	-38%	-55%
ROE	-	-39%	-14%	-82%	-144%

Bad Net Margins (-1.39K%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2020	01/2022	12/2022	12/2023	TTM
Debt over FCF	-	-0	-0	-1.09	-0.89
Debt over Equity	-	0	0	0.7	1.09
Growth Stability	-	-	-	-	1

Good Debt/FCF ratio (-0.89)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Neutral Debt/Equity ratio (1.09)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2020	01/2022	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	23%	26%
Earnings YoY growth	-	217%	-59%	315%	-
Equity YoY growth	-	800%	9%	-27%	83%
FCF YoY growth	-	102%	25%	40%	-