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NOVONIX Valuation Multiples
Discover revenue and EBITDA valuation multiples for NOVONIX and similar public comparables like Hexagon Composites, Alfen, Entech, Leclanche and more.
NOVONIX Overview
About NOVONIX
NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration, Battery Technology, and Battery Materials. Graphite Exploration segment is engaged in the exploration and development of high-grade flake graphite deposits. The Battery Technology segment develops battery cell testing equipment and carries out research and development in battery development. The Battery Materials segment develops and manufactures battery anode materials. The Battery Technology segment generates maximum revenue for the company.
Founded
2012
HQ
Employees
180
Website
Sectors
Financials (LTM)
EV
$216M
NOVONIX Financials
NOVONIX reported last 12-month revenue of $6M.
In the same LTM period, NOVONIX generated $4M in gross profit and had net loss of ($93M).
Revenue (LTM)
NOVONIX P&L
In the most recent fiscal year, NOVONIX reported revenue of $6M and EBITDA of ($76M).
NOVONIX expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6M | XXX | $6M | XXX | XXX | XXX |
| Gross Profit | $4M | XXX | $3M | XXX | XXX | XXX |
| Gross Margin | 64% | XXX | 56% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($76M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (1357%) | XXX | XXX | XXX |
| EBIT Margin | (972%) | XXX | (863%) | XXX | XXX | XXX |
| Net Profit | ($93M) | XXX | ($93M) | XXX | XXX | XXX |
| Net Margin | (1655%) | XXX | (1650%) | XXX | XXX | XXX |
| Net Debt | — | — | $13M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NOVONIX Stock Performance
NOVONIX has current market cap of $196M, and enterprise value of $216M.
Market Cap Evolution
NOVONIX's stock price is $0.23.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $216M | $196M | 0.6% | XXX | XXX | XXX | $-0.11 |
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Start Free TrialNOVONIX Valuation Multiples
NOVONIX trades at 38.6x EV/Revenue multiple, and (2.8x) EV/EBITDA.
EV / Revenue (LTM)
NOVONIX Financial Valuation Multiples
As of March 19, 2026, NOVONIX has market cap of $196M and EV of $216M.
Equity research analysts estimate NOVONIX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NOVONIX has a P/E ratio of (2.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $196M | XXX | $196M | XXX | XXX | XXX |
| EV (current) | $216M | XXX | $216M | XXX | XXX | XXX |
| EV/Revenue | 38.6x | XXX | 38.5x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (2.8x) | XXX | XXX | XXX |
| EV/EBIT | (4.0x) | XXX | (4.5x) | XXX | XXX | XXX |
| EV/Gross Profit | 60.4x | XXX | 69.4x | XXX | XXX | XXX |
| P/E | (2.1x) | XXX | (2.1x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (2.1x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NOVONIX Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
NOVONIX Margins & Growth Rates
NOVONIX's revenue in the last fiscal year declined by (4%).
NOVONIX's revenue per employee in the last FY averaged $0.0M.
NOVONIX Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (1357%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 14% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 803% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 88% | XXX | 101% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 919% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NOVONIX Public Comps
See public comps and valuation multiples for other Energy Storage comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hexagon Composites | XXX | XXX | XXX | XXX | XXX | XXX |
| Alfen | XXX | XXX | XXX | XXX | XXX | XXX |
| Entech | XXX | XXX | XXX | XXX | XXX | XXX |
| Leclanche | XXX | XXX | XXX | XXX | XXX | XXX |
| PIE | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NOVONIX M&A Activity
NOVONIX acquired XXX companies to date.
Last acquisition by NOVONIX was on XXXXXXXX, XXXXX. NOVONIX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NOVONIX
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNOVONIX Investment Activity
NOVONIX invested in XXX companies to date.
NOVONIX made its latest investment on XXXXXXXX, XXXXX. NOVONIX invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NOVONIX
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout NOVONIX
| When was NOVONIX founded? | NOVONIX was founded in 2012. |
| Where is NOVONIX headquartered? | NOVONIX is headquartered in Australia. |
| How many employees does NOVONIX have? | As of today, NOVONIX has over 180 employees. |
| Who is the CEO of NOVONIX? | NOVONIX's CEO is Mike O’Kronley. |
| Is NOVONIX publicly listed? | Yes, NOVONIX is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of NOVONIX? | NOVONIX trades under NVX ticker. |
| When did NOVONIX go public? | NOVONIX went public in 2015. |
| Who are competitors of NOVONIX? | NOVONIX main competitors are Hexagon Composites, Alfen, Entech, Leclanche. |
| What is the current market cap of NOVONIX? | NOVONIX's current market cap is $196M. |
| What is the current revenue of NOVONIX? | NOVONIX's last 12 months revenue is $6M. |
| What is the current EV/Revenue multiple of NOVONIX? | Current revenue multiple of NOVONIX is 38.6x. |
| Is NOVONIX profitable? | No, NOVONIX is not profitable. |
| What is the current net income of NOVONIX? | NOVONIX's last 12 months net income is ($93M). |
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