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
Debt/EBITDA: -0.88
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.82

27 Sep
2023

0.020

OPEN

$0.82

2.50%

HIGH

$0.87

4,508,187

LOW

$0.82

TARGET
$1.44 75.6% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
NVX: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx - 11.5 - 16.0 xxx
DPS (cps) xxx 0.0 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: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx-11.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5.4 M
Book Value Per Share xxxxxxxxxxxxxxx45.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-18.9 M
Net Profit Margin xxxxxxxxxxxxxxx-1,031.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-27.88 %
Return on Invested Capital xxxxxxxxxxxxxxx-24.05 %
Return on Assets xxxxxxxxxxxxxxx-23.21 %
Return on Equity xxxxxxxxxxxxxxx-27.88 %
Return on Total Capital xxxxxxxxxxxxxxx-24.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-43.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx44 M
Total Debt xxxxxxxxxxxxxxx46 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx108 M
Price To Book Value xxxxxxxxxxxxxxx3.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx24.5 M
Capex % of Sales xxxxxxxxxxxxxxx453.61 %
Cost of Goods Sold xxxxxxxxxxxxxxx36 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx27 M
Research & Development xxxxxxxxxxxxxxx4 M
Investments - Total xxxxxxxxxxxxxxx16 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

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

Morgans

02/03/2023

3

Downgrade to Hold from Speculative Buy

$1.44

75.61%

Morgans has significantly pushed back its forecasts for production growth for Novonix and lowers its target to $1.44 from $3.11.

The broker now expects first sales to Kore will occur late in 2024 from production at the Riverside facility (plant under construction) and a second facility may not be operational until 2026.

The rating is also downgraded to Hold from Speculative Buy given the uncertainty and the long timeframe before potential operating profitability.

FORECAST
Morgans forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -16.00 cents.
Morgans forecasts a full year FY24 dividend of 0.00 cents and EPS of 14.00 cents.
Access Stockbroker Research History >

NVX STOCK CHART

FNArena News on NVX

1
The Short Report – 20 Apr 2023

Apr 20 2023 - Weekly Reports
2
Next Week At A Glance – 3-7 April 2023

Mar 31 2023 - Weekly Reports
3
The Short Report – 16 Mar 2023

Mar 16 2023 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 03-03-23

Mar 06 2023 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 28-10-22

Oct 31 2022 - Weekly Reports

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