ENVX Valuation

Enovix Corp

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14.690

+0.26(1.802%)1D

Overview
Forecast
Valuation
Earnings

ENVX Relative Valuation

ENVX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ENVX is overvalued; if below, it's undervalued.

Historical Valuation

Enovix Corp (ENVX) is now in the Fair zone, suggesting that its current forward PS ratio of 72.26 is considered Fairly compared with the five-year average of -14.91. The fair price of Enovix Corp (ENVX) is between 9.13 to 97.05 according to relative valuation methord.

Relative Value

Fair Zone

9.13-97.05

Current Price：14.69

Fair

-16.63

Trailing

Forward

-34.29

EV/EBITDA

Enovix Corp. (ENVX) has a current EV/EBITDA of -34.29. The 5-year average EV/EBITDA is -19.43. The thresholds are as follows: Strongly Undervalued below -40.48, Undervalued between -40.48 and -29.95, Fairly Valued between -8.91 and -29.95, Overvalued between -8.91 and 1.62, and Strongly Overvalued above 1.62. The current Forward EV/EBITDA of -34.29 falls within the Undervalued range.

-19.47

EV/EBIT

Enovix Corp. (ENVX) has a current EV/EBIT of -19.47. The 5-year average EV/EBIT is -13.49. The thresholds are as follows: Strongly Undervalued below -32.81, Undervalued between -32.81 and -23.15, Fairly Valued between -3.82 and -23.15, Overvalued between -3.82 and 5.84, and Strongly Overvalued above 5.84. The current Forward EV/EBIT of -19.47 falls within the Historic Trend Line -Fairly Valued range.

72.26

Enovix Corp. (ENVX) has a current PS of 72.26. The 5-year average PS is 322.40. The thresholds are as follows: Strongly Undervalued below -218.19, Undervalued between -218.19 and 52.11, Fairly Valued between 592.69 and 52.11, Overvalued between 592.69 and 862.98, and Strongly Overvalued above 862.98. The current Forward PS of 72.26 falls within the Historic Trend Line -Fairly Valued range.

-34.23

P/OCF

Enovix Corp. (ENVX) has a current P/OCF of -34.23. The 5-year average P/OCF is -19.95. The thresholds are as follows: Strongly Undervalued below -41.24, Undervalued between -41.24 and -30.59, Fairly Valued between -9.31 and -30.59, Overvalued between -9.31 and 1.33, and Strongly Overvalued above 1.33. The current Forward P/OCF of -34.23 falls within the Undervalued range.

-22.97

P/FCF

Enovix Corp. (ENVX) has a current P/FCF of -22.97. The 5-year average P/FCF is -11.13. The thresholds are as follows: Strongly Undervalued below -22.89, Undervalued between -22.89 and -17.01, Fairly Valued between -5.26 and -17.01, Overvalued between -5.26 and 0.62, and Strongly Overvalued above 0.62. The current Forward P/FCF of -22.97 falls within the Strongly Undervalued range.

Enovix Corp (ENVX) has a current Price-to-Book (P/B) ratio of 11.98. Compared to its 3-year average P/B ratio of 7.92 , the current P/B ratio is approximately 51.20% higher. Relative to its 5-year average P/B ratio of 7.54, the current P/B ratio is about 58.81% higher. Enovix Corp (ENVX) has a Forward Free Cash Flow (FCF) yield of approximately -4.82%. Compared to its 3-year average FCF yield of -8.60%, the current FCF yield is approximately -43.94% lower. Relative to its 5-year average FCF yield of -7.97% , the current FCF yield is about -39.49% lower.

11.98

P/B

Median3y

7.92

Median5y

7.54

-4.82

FCF Yield

Median3y

-8.60

Median5y

-7.97

Competitors Valuation Multiple

The average P/S ratio for ENVX's competitors is 14.05, providing a benchmark for relative valuation. Enovix Corp Corp (ENVX) exhibits a P/S ratio of 72.26, which is 414.24% above the industry average. Given its robust revenue growth of -3.30%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Powell Industries Inc

American Superconductor Corp

Performance Decomposition

Market capitalization of ENVX increased by 1.94% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -8.71 to -13.32.

The secondary factor is the Revenue Growth, contributed -3.30%to the performance.

Overall, the performance of ENVX in the past 1 year is driven by P/E Change. Which is more unsustainable.

-3.30%

5.27M → 5.10M

Revenue Growth

-47.67%

-881.96 → -461.57

Margin Expansion

52.91%

-8.71 → -13.32

P/E Change

1.94%