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NOVONIX

ASX:NVX · AU000000NVX4
Electronic Equipment, Instruments & ComponentsSmall

360

8
Medium confidence — indicative
Profit price59
Owner Earnings Yield1
Dividend Yield1
Price/Sales5
EV / Gross Profit5
Price/Book67
Return on Capital14
Cash Return on Capital10
Return on Equity10
Profit margins5
Accruals64
Owner Earnings Margin1
Sales growth1
Profit growth62
Reinvestment66
Price momentum12
Debt load35
Refinancing19
Debt Payback1
Liquidity25
Analyst ratings100
Expectations trend50
Market mood88
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

NOVONIX doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryAustralia
IndustryElectronic Equipment, Instruments & Components
SizeSmall
TypePublic Company
ExchangeASX
Founded2012
Employees127
Websitenovonixgroup.com
ISINAU000000NVX4
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
Electric VehicleBattery Energy Storage System (BESS)CleanTechEnergy StorageClimateTechLithiumManufacturing

Description

NOVONIX Limited (NOVONIX) operates as a battery materials and technology company. The company is committed to onshoring the graphite supply chain and providing revolutionary solutions for the global lithium-ion battery industry with sustainable tech…

Analysis

Story stock

NOVONIX Limited is a story stock: the narrative is ambitious and the price reflects it, but the underlying numbers are weak.

Valuation data is not available for this company.

The trajectory is mixed and the balance sheet is stretched. The company scores 6/20 on our value-creation score: not creating value.

What to watch: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
24
2026

All-time high

41

Mar 2026

All-time low

24

Jun 2026

Average rank

33

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
5
—
—
—
Price/Earnings
—
—
—
—
Price/Book
67
—
—
—
Dividend Yield
1
—
—
—
Value (overall)
29
—
—
—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →