Enovix Corporation (ENVX)

Enovix Statistics

Total Valuation

Enovix has a market cap or net worth of $1.40 billion. The enterprise value is $1.35 billion.

Market Cap	1.40B
Enterprise Value	1.35B

Important Dates

The next estimated earnings date is Tuesday, November 5, 2024, after market close.

Earnings Date	Nov 5, 2024
Ex-Dividend Date	n/a

Share Statistics

Enovix has 176.28 million shares outstanding. The number of shares has increased by 7.05% in one year.

Shares Outstanding	176.28M
Shares Change (YoY)	+7.05%
Shares Change (QoQ)	+2.53%
Owned by Insiders (%)	15.03%
Owned by Institutions (%)	48.63%
Float	149.78M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	79.40
Forward PS	36.00
PB Ratio	8.18
P/FCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	81.25
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 3.98, with a Debt / Equity ratio of 1.13.

Current Ratio	3.98
Quick Ratio	3.71
Debt / Equity	1.13
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-30.70

Financial Efficiency

Return on equity (ROE) is -113.56% and return on invested capital (ROIC) is -31.68%.

Return on Equity (ROE)	-113.56%
Return on Assets (ROA)	-24.40%
Return on Capital (ROIC)	-31.68%
Revenue Per Employee	$29,627
Profits Per Employee	-$424,959
Employee Count	561
Asset Turnover	0.03
Inventory Turnover	8.87

Taxes

Income Tax	-5.37M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -43.42% in the last 52 weeks. The beta is 1.98, so Enovix's price volatility has been higher than the market average.

Beta (5Y)	1.98
52-Week Price Change	-43.42%
50-Day Moving Average	12.96
200-Day Moving Average	10.85
Relative Strength Index (RSI)	27.60
Average Volume (20 Days)	4,421,884

Short Selling Information

The latest short interest is 47.15 million, so 26.75% of the outstanding shares have been sold short.

Short Interest	47.15M
Short Previous Month	45.56M
Short % of Shares Out	26.75%
Short % of Float	31.48%
Short Ratio (days to cover)	7.62

Income Statement

In the last 12 months, Enovix had revenue of $16.62 million and -$238.40 million in losses. Loss per share was -$1.47.

Revenue	16.62M
Gross Profit	-29.05M
Operating Income	-200.68M
Pretax Income	-243.77M
Net Income	-238.40M
EBITDA	-142.85M
EBIT	-200.68M
Loss Per Share	-$1.47

Balance Sheet

The company has $249.93 million in cash and $196.09 million in debt, giving a net cash position of $53.84 million or $0.31 per share.

Cash & Cash Equivalents	249.93M
Total Debt	196.09M
Net Cash	53.84M
Net Cash Per Share	$0.31
Equity (Book Value)	173.06M
Book Value Per Share	0.97
Working Capital	202.05M

Cash Flow

In the last 12 months, operating cash flow was -$117.47 million and capital expenditures -$86.37 million, giving a free cash flow of -$203.83 million.

Operating Cash Flow	-117.47M
Capital Expenditures	-86.37M
Free Cash Flow	-203.83M
FCF Per Share	-$1.16

Margins

Gross Margin	-174.79%
Operating Margin	-1,207.38%
Pretax Margin	-1,468.25%
Profit Margin	n/a
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	-1,226.36%

Dividends & Yields

Enovix does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-7.05%
Shareholder Yield	-7.05%
Earnings Yield	-17.01%
FCF Yield	-14.54%

Analyst Forecast

The average price target for Enovix is $21.60, which is 171.70% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$21.60
Price Target Difference	171.70%
Analyst Consensus	Strong Buy
Analyst Count	10
Revenue Growth Forecast (5Y)	164.16%
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Enovix has an Altman Z-Score of 0.67 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.67
Piotroski F-Score	3