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Novonix Ltd
ASX:NVX

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Novonix Ltd
ASX:NVX
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Price: 0.83 AUD -0.6% Market Closed
Updated: May 6, 2024

Relative Value

The Relative Value of one NVX stock under the Base Case scenario is 1.97 AUD. Compared to the current market price of 0.83 AUD, Novonix Ltd is Undervalued by 58%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NVX Relative Value
Base Case
1.97 AUD
Undervaluation 58%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
71
vs Industry
1
Median 3Y
95.9
Median 5Y
63.2
Industry
1.7
Forward
12.3
vs History
vs Industry
Median 3Y
-14.2
Median 5Y
-10.6
Industry
22.3
Forward
-10.1
vs History
vs Industry
Median 3Y
-25.3
Median 5Y
-25.3
Industry
13.9
vs History
vs Industry
Median 3Y
-9.3
Median 5Y
-6.6
Industry
19.5
vs History
84
vs Industry
56
Median 3Y
2.9
Median 5Y
3.5
Industry
1.9
vs History
73
vs Industry
2
Median 3Y
82.7
Median 5Y
51.1
Industry
1.7
Forward
11.8
vs History
vs Industry
Median 3Y
-94.1
Median 5Y
-106.7
Industry
7.1
vs History
vs Industry
Median 3Y
-14.7
Median 5Y
-10
Industry
14.8
Forward
-3.5
vs History
vs Industry
Median 3Y
-14.7
Median 5Y
-10
Industry
17.8
Forward
-2.8
vs History
vs Industry
Median 3Y
-21.8
Median 5Y
-24
Industry
13.6
vs History
vs Industry
Median 3Y
-5.6
Median 5Y
-8.5
Industry
16.5
vs History
80
vs Industry
47
Median 3Y
4.1
Median 5Y
2.8
Industry
1.6

Multiples Across Competitors

NVX Competitors Multiples
Novonix Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Novonix Ltd
ASX:NVX
405.6m AUD 33.3 -5.8 -5.1 -5.1
JP
Keyence Corp
TSE:6861
16.8T JPY 17.7 46.5 31.6 32.4
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
308.9B CNY 3.6 24 19.8 19.8
SE
Hexagon AB
STO:HEXA B
311.1B SEK 4.9 31.1 13.7 18.6
US
Keysight Technologies Inc
NYSE:KEYS
26.1B USD 4.9 26.9 17.2 20.3
IL
Mobileye Global Inc
NASDAQ:MBLY
24.2B USD 13 -145.9 74.6 -121
US
Teledyne Technologies Inc
NYSE:TDY
18.3B USD 3.3 20.6 14.9 19.4
US
Zebra Technologies Corp
NASDAQ:ZBRA
15.9B USD 3.7 61 25.3 33.8
US
Trimble Inc
NASDAQ:TRMB
13.8B USD 3.6 44.3 21.6 32.6
UK
Halma PLC
LSE:HLMA
8.5B GBP 4.4 35.5 20.7 27
US
Coherent Inc
NASDAQ:COHR
8.6B USD 1.9 -21.2 14.2 61.8

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