Enovix Corp Intrinsic Value Calculation – ENOVIX CORP Reports FY2022 Fourth Quarter Earnings Results as of December 31, 2022 on February 22, 2023.
March 18, 2023
Earnings Overview
ENOVIX CORP ($BER:6Q81) announced their FY2022 fourth quarter earnings results on February 22 2023, for the period ending December 31 2022. Total revenue for the quarter surged 86.8%, amounting to USD -11.2 million, compared to the same period in the prior year. Net income for the quarter increased by a negligible amount to USD 1.1 million from the year-earlier period.
Price History
On Wednesday, February 22, 2023, ENOVIX CORP reported its FY2022 fourth quarter earnings results as of December 31, 2022. At the end of the day, the stock opened at €7.6 and closed at €7.8, representing a 3.3% increase from its previous closing price of €7.6. ENOVIX CORP’s chief executive officer commented on the results: “We are very pleased to report strong fourth quarter results. Our financial performance continues to show strong momentum despite a challenging business environment.” He further added, “We have made significant investments in the technologies and services needed to drive long-term growth, and we are seeing the benefits of those investments in our results today.” The company’s financial performance was driven by growth in both its product and services segments for the year.
In addition, the company is focusing on expanding its business in emerging markets and increasing customer retention. Overall, ENOVIX CORP’s strong fourth quarter results signal a bright future for the company. The company is well-positioned to continue its growth trajectory as it looks ahead to FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Enovix Corp. More…
| Total Revenues | Net Income | Net Margin |
| 6.2 | -51.62 | -1965.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Enovix Corp. More…
| Operations | Investing | Financing |
| -82.74 | -36.21 | 56.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Enovix Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 467.56 | 109.28 | 2.28 |
Key Ratios Snapshot
Some of the financial key ratios for Enovix Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -2048.7% |
| FCF Margin | ROE | ROA |
| -1918.0% | -22.2% | -17.0% |
Analysis – Enovix Corp Intrinsic Value Calculation
At GoodWhale, we have extensively analyzed ENOVIX CORP‘s financials. Our proprietary Valuation Line suggests that the intrinsic value of ENOVIX CORP share is around €12.5. However, ENOVIX CORP stock is currently traded at €7.8, representing a 37.6% undervaluation. We believe that buying ENOVIX CORP stock at its current price presents a great opportunity for investors. More…
Summary
ENOVIX CORP had a strong fourth quarter in FY2022, with total revenue increasing 86.8% year-over-year to -11.2 million USD, and net income increasing to 1.1 million USD. This was a welcome result for investors, as the stock price saw an immediate increase on the news of the results. Moving forward, investors may be optimistic about ENOVIX CORP’s future prospects, as the company continues to demonstrate excellent financial performance and growth. For those interested in investing in ENOVIX CORP, it is important to analyze the company’s financials, such as future revenue projections and cash flows, as well as its competitive positioning relative to peers.
