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Enovix Valuation Multiples

Discover revenue and EBITDA valuation multiples for Enovix and similar public comparables like Lion E-Mobility, Alfen, and Signify.

Enovix Overview

About Enovix

Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, Norway, the United States, Taiwan, and other regions.


Founded

2020

HQ

United States of America
Employees

570

Website

enovix.com

Financials

LTM Revenue $28.2M

LTM EBITDA -$89.2M

EV

$1.4B

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Enovix Financials

Enovix has a last 12-month revenue (LTM) of $28.2M and a last 12-month EBITDA of -$89.2M.

In the most recent fiscal year, Enovix achieved revenue of $23.1M and an EBITDA of -$172M.

Enovix expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Enovix P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $28.2M XXX $23.1M XXX XXX XXX
Gross Profit -$3.8M XXX -$2.0M XXX XXX XXX
Gross Margin -14% XXX -9% XXX XXX XXX
EBITDA -$89.2M XXX -$172M XXX XXX XXX
EBITDA Margin -317% XXX -746% XXX XXX XXX
EBIT -$218M XXX -$201M XXX XXX XXX
EBIT Margin -774% XXX -871% XXX XXX XXX
Net Profit -$196M XXX -$222M XXX XXX XXX
Net Margin -697% XXX -963% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Enovix Stock Performance

As of May 30, 2025, Enovix's stock price is $8.

Enovix has current market cap of $1.5B, and EV of $1.4B.

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Enovix Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.4B $1.5B XXX XXX XXX XXX $-0.72

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Enovix Valuation Multiples

As of May 30, 2025, Enovix has market cap of $1.5B and EV of $1.4B.

Enovix's trades at 60.7x EV/Revenue multiple, and -8.1x EV/EBITDA.

Equity research analysts estimate Enovix's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Enovix has a P/E ratio of -7.4x.

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Enovix Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $1.5B XXX $1.5B XXX XXX XXX
EV (current) $1.4B XXX $1.4B XXX XXX XXX
EV/Revenue 49.8x XXX 60.7x XXX XXX XXX
EV/EBITDA -15.7x XXX -8.1x XXX XXX XXX
EV/EBIT -6.4x XXX -7.0x XXX XXX XXX
EV/Gross Profit -368.6x XXX n/a XXX XXX XXX
P/E -7.4x XXX -6.6x XXX XXX XXX
EV/FCF -8.2x XXX -7.6x XXX XXX XXX

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Enovix Margins & Growth Rates

Enovix's last 12 month revenue growth is 160%

Enovix's revenue per employee in the last FY averaged $40K, while opex per employee averaged $0.3M for the same period.

Enovix's rule of 40 is -2147% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Enovix's rule of X is 83% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Enovix Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 160% XXX 134% XXX XXX XXX
EBITDA Margin -317% XXX -746% XXX XXX XXX
EBITDA Growth 1% XXX n/a XXX XXX XXX
Rule of 40 -2147% XXX -586% XXX XXX XXX
Bessemer Rule of X XXX XXX 83% XXX XXX XXX
Revenue per Employee XXX XXX $40K XXX XXX XXX
Opex per Employee XXX XXX $0.3M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 540% XXX XXX XXX
Opex to Revenue XXX XXX 862% XXX XXX XXX

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Enovix Public Comps

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EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Alfen XXX XXX XXX XXX XXX XXX
Signify XXX XXX XXX XXX XXX XXX
SKS Technologies Group XXX XXX XXX XXX XXX XXX
Lion E-Mobility XXX XXX XXX XXX XXX XXX
Delta Electronics (Thailand) XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Enovix M&A and Investment Activity

Enovix acquired  XXX companies to date.

Last acquisition by Enovix was  XXXXXXXX, XXXXX XXXXX XXXXXX . Enovix acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Enovix

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Enovix

When was Enovix founded? Enovix was founded in 2020.
Where is Enovix headquartered? Enovix is headquartered in United States of America.
How many employees does Enovix have? As of today, Enovix has 570 employees.
Who is the CEO of Enovix? Enovix's CEO is Dr. Raj Talluri, PhD.
Is Enovix publicy listed? Yes, Enovix is a public company listed on NAS.
What is the stock symbol of Enovix? Enovix trades under ENVX ticker.
When did Enovix go public? Enovix went public in 2021.
Who are competitors of Enovix? Similar companies to Enovix include e.g. Alfen, Signify, SKS Technologies Group, Lion E-Mobility.
What is the current market cap of Enovix? Enovix's current market cap is $1.5B
What is the current revenue of Enovix? Enovix's last 12 months revenue is $28.2M.
What is the current revenue growth of Enovix? Enovix revenue growth (NTM/LTM) is 160%.
What is the current EV/Revenue multiple of Enovix? Current revenue multiple of Enovix is 49.8x.
Is Enovix profitable? Yes, Enovix is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Enovix? Enovix's last 12 months EBITDA is -$89.2M.
What is Enovix's EBITDA margin? Enovix's last 12 months EBITDA margin is -317%.
What is the current EV/EBITDA multiple of Enovix? Current EBITDA multiple of Enovix is -15.7x.
What is the current FCF of Enovix? Enovix's last 12 months FCF is -$171M.
What is Enovix's FCF margin? Enovix's last 12 months FCF margin is -608%.
What is the current EV/FCF multiple of Enovix? Current FCF multiple of Enovix is -8.2x.

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