NOVONIX Limited (NVX) Fair Value & Analysis
Industrials · US · Market cap $114M
NOVONIX Limited
NVX · US
Fair value as of: Jul 19, 2026
From 3 valuation models · updated 6 days ago
Fair value updated Jul 19, 2026, revised from $3.28 to $0.6000 (−81.7%) since Jun 24, 2026. Share price −8.6% over the past month.
Price vs Fair Value (12 months)
12‑month range $0.4035 – $2.94 · fair‑value band $0.3600 – $0.7900 · the $0.4116 price screens below the $0.6000 fair value. As of Jul 19, 2026.
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NOVONIX Limited (NVX) currently trades at $0.4116, while our model-based Fair Value estimate is $0.6000, implying the stock looks roughly 45.8% undervalued today. We read business quality at 15/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Trailing-twelve-month revenue stands at $5.6M. Revenue declined 10.1% year over year. It earns a return on equity of -62.0%. Net debt stands at $20.7M. Fundamentals as of Jul 19, 2026
Our scenario range runs from $0.3600 (bear case) to $0.7900 (bull case); at $0.4116, the current price sits within that range. For context, the median of 10 Industrials peers we cover trades at -51% fair-value upside, at 46%, NVX screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.
About the company
NOVONIX Limited, a battery technology and materials company, provides products and mission critical services in North America, Asia, Australia, and Europe. It operates through Battery Materials, Battery Technology, and Graphite Exploration segments. The company develops and manufactures battery anode materials and battery cell testing equipment; performs consulting services; and carries out research and development in battery development. It also manages, maintenance, and develops Mount Dromedary natural graphite deposit located in Northern Queensland, Australia. In addition, the company is involved in investment and management, and real estate borrowing activities, as well as battery technology activities. It serves battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
NOVONIX Limited reported revenue of $5.6M in FY2025 versus $6.1M in FY2021, a compound −2.0%/yr. Reported net income was −$92.8M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.