Enovix Corp (ENVX) - Net Assets
Based on the latest financial reports, Enovix Corp (ENVX) has net assets worth $297.10 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($913.71 Million) and total liabilities ($616.61 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Enovix Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $297.10 Million |
| % of Total Assets | 32.52% |
| Annual Growth Rate | 131.95% |
| 5-Year Change | 588.65% |
| 10-Year Change | N/A |
| Growth Volatility | 415.26 |
Enovix Corp - Net Assets Trend (2019–2024)
This chart illustrates how Enovix Corp's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Enovix Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Enovix Corp (2019–2024)
The table below shows the annual net assets of Enovix Corp from 2019 to 2024. For live valuation and market cap data, see ENVX market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $249.40 Million | -4.48% |
| 2023-12-31 | $261.10 Million | -26.74% |
| 2022-12-31 | $356.43 Million | +9.29% |
| 2021-12-31 | $326.12 Million | +800.48% |
| 2020-12-31 | $36.22 Million | +876.70% |
| 2019-12-31 | $3.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Enovix Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 65345800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $19.00K | 0.01% |
| Other Comprehensive Income | $-143.00K | -0.06% |
| Other Components | $1.07 Billion | 432.82% |
| Total Equity | $246.74 Million | 100.00% |
Enovix Corp Competitors by Market Cap
The table below lists competitors of Enovix Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cia Brasileira de Aluminio
SA:CBAV3
|
$1.37 Billion |
|
Biohaven Pharmaceutical Holding Co Ltd
NYSE:BHVN
|
$1.37 Billion |
|
Centuria Capital Group
AU:CNI
|
$1.37 Billion |
|
Shinkong Synthetic Fiber Corp
TW:1409
|
$1.37 Billion |
|
Ls Cable & System Asia Ltd
KO:229640
|
$1.37 Billion |
|
PSMC CO. Ltd
KQ:024850
|
$1.37 Billion |
|
Baosheng
SHG:600973
|
$1.36 Billion |
|
Shantou Wanshun Package Material
SHE:300057
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enovix Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 258,147,000 to 246,741,000, a change of -11,406,000 (-4.4%).
- Net loss of 222,241,000 reduced equity.
- Share repurchases of 4,000 reduced equity.
- New share issuances of 107,192,000 increased equity.
- Other comprehensive income decreased equity by 81,000.
- Other factors increased equity by 103,728,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-222.24 Million | -90.07% |
| Share Repurchases | $4.00K | -0.0% |
| Share Issuances | $107.19 Million | +43.44% |
| Other Comprehensive Income | $-81.00K | -0.03% |
| Other Changes | $103.73 Million | +42.04% |
| Total Change | $- | -4.42% |
Book Value vs Market Value Analysis
This analysis compares Enovix Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.70x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 103.23x to 4.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.06 | $6.63 | x |
| 2020-12-31 | $0.25 | $6.63 | x |
| 2021-12-31 | $2.78 | $6.63 | x |
| 2022-12-31 | $2.31 | $6.63 | x |
| 2023-12-31 | $1.63 | $6.63 | x |
| 2024-12-31 | $1.41 | $6.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enovix Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -90.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -963.17%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 2.14x
- Recent ROE (-90.07%) is above the historical average (-124.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -436.57% | 0.00% | 0.00x | 4.48x | $-16.56 Million |
| 2020 | -109.48% | 0.00% | 0.00x | 1.79x | $-43.27 Million |
| 2021 | -38.60% | -104895000.00% | 0.00x | 1.48x | $-158.49 Million |
| 2022 | -14.48% | -832.34% | 0.01x | 1.24x | $-87.26 Million |
| 2023 | -59.69% | -58590.87% | 0.00x | 2.19x | $-179.91 Million |
| 2024 | -90.07% | -963.17% | 0.04x | 2.14x | $-246.92 Million |
Industry Comparison
This section compares Enovix Corp's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $236,071,401
- Average return on equity (ROE) among peers: -129.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enovix Corp (ENVX) | $297.10 Million | -436.57% | 2.08x | $1.37 Billion |
| Advent Technologies Holdings Inc (ADN) | $13.45 Million | -530.91% | 1.58x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $1.69 Million | -712.54% | 36.25x | $843.77 Million |
| Advanced Energy Industries Inc (AEIS) | $89.13 Million | -10.68% | 0.13x | $13.33 Billion |
| Amprius Technologies Inc. (AMPX) | $59.80 Million | -61.50% | 0.80x | $2.19 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $82.70 Million | -7.26% | 0.67x | $56.90 Million |
| Atkore International Group Inc (ATKR) | $156.28 Million | -3.17% | 6.13x | $2.52 Billion |
| Acuity Brands Inc (AYI) | $1.16 Billion | 15.11% | 0.86x | $8.75 Billion |
| Bloom Energy Corp (BE) | $792.96 Million | -11.15% | 4.54x | $74.98 Billion |
| CBAK Energy Technology Inc (CBAT) | $-3.94K | 0.00% | 0.00x | $59.84 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $1.21 Million | 24.38% | 0.74x | $2.20 Million |
About Enovix Corp
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2007 and is headquartered in Fremont, California.