NOVONIX LIMITED (NVX)
Share Price Analysis and Chart

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NVX - NOVONIX LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Index: ASX200 | ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.11

20 May
2022

0.430

OPEN

$3.76

11.68%

HIGH

$4.26

5,949,616

LOW

$3.74

TARGET
$4.88 18.7% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
NVX: 1
Title FY20
Actual		 FY21
Actual		 FY22
Forecast		 FY23
Forecast
EPS (cps) xxx - 4.9 - 10.0 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
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Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx-4.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5.2 M
Book Value Per Share xxxxxxxxxxxxxxx44.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-8.2 M
Net Profit Margin xxxxxxxxxxxxxxx-345.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx-15.16 %
Return on Invested Capital xxxxxxxxxxxxxxx-13.45 %
Return on Assets xxxxxxxxxxxxxxx-13.00 %
Return on Equity xxxxxxxxxxxxxxx-15.16 %
Return on Total Capital xxxxxxxxxxxxxxx-11.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-34.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

28/02/2022

3

Hold

$4.88

18.73%

After Morgans takes into account a larger 1H loss for Novonix than expected and the current market aversion towards growth stocks, a lower share price opportunity is expected to arise. The Hold rating is maintained.

Nonetheless, the broker points out major loss drivers were one-off in nature, including -$11.8m of share based compensation and -$4.5m in listing costs for the secondary listing on the Nasdaq.

The analyst lifts the assumption for needle coke pricing by 20% which has reduced long-term earnings margins forecasts by around -3-4%. The risk weighting for Novonix Anode Materials also increases. The target falls to $4.88 from $6.97.

FORECAST
Morgans forecasts a full year FY22 dividend of 0.00 cents and EPS of minus -10.00 cents.
Morgans forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -5.00 cents.
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NVX STOCK CHART

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