Enovix Corp

Miscellaneous
Industrial Machinery/Components
www.enovix.com

Moat Score
Safety Score

Market Cap $1.17B
PE -6
Debt $183.49M
Cash $191.69M
EV $1.16B
FCF -$157.87M

Earnings

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Sales & Net Margins

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Earnings	-$199.57M
EBIT	-$200.97M
ROE	-84%
ROA	-40%
FCF	-$157.87M
Equity	$237.78M
Growth Stability	1
PE	-5.85
PB	4.91
P/FCF	-7.39
P/S	50.98
Price/Cash	0.16
Debt/Equity	0.77
Debt/FCF	-1.16
Net Margins	-462%
Gross Margins	0%
Op. Margins	-878%
Sales Growth YoY	-3%
Sales Growth QoQ	-48%
Sales CAGR	45%
Equity CAGR	67%
Earnings Growth YoY	-49%

Earnings Growth QoQ	-37%
Sales CAGR 5Y	56%
Equity CAGR 5Y	66%
Earnings CAGR 3Y	108%
Sales CAGR 3Y	108%
Equity CAGR 3Y	-22%
Market Cap	$1.17B
Revenue	$22.90M
Assets	$499.05M
Total Debt	$183.49M
Cash	$191.69M
Shares Outstanding	191.3M
EV	1.16B
Moat Score	1%
Safety Score	64%
Working Capital	212.38M
Current Ratio	4.68
Gross Profit	$16.00K
Shares Growth 3y	8%
Equity Growth QoQ	-5%
Equity Growth YoY	2%

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.

2025
- 10-Q Mar 30
2024
- 10-K Dec 29
- 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

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

= -$1.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$158M	-$158M	-$158M	-$158M	-$158M	-$158M	-$158M	-$158M	-$158M	-$158M	-$158M	-$1.6B
DCF		-$144M	-$130M	-$119M	-$108M	-$98M	-$89M	-$81M	-$74M	-$67M	-$61M	-$609M
Value	-$1.6B

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	12/2024	TTM
Net Margins	-	-	-832%	-3K%	-964%	-462%
ROA	-	-14%	-12%	-38%	-42%	-40%
ROE	-	-39%	-14%	-82%	-89%	-84%

Bad Net Margins (-461.57%)

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	12/2024	TTM
Debt over FCF	-	-0	-0	-1.09	-0.99	-1.16
Debt over Equity	-	0	0	0.7	0.74	0.77
Growth Stability	-	-	-	-	-	1

Good Debt/FCF ratio (-1.16)

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.

Good Debt/Equity ratio (0.77)

The company is not overleveraged and has a good balance between equity and debt.

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	12/2024	CAGR 5Y
Revenue YoY growth	-	-	-	23%	202%	56%
Earnings YoY growth	-	217%	-59%	315%	4%	-
Equity YoY growth	-	800%	9%	-27%	-4%	66%
FCF YoY growth	-	102%	25%	40%	11%	-