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NOVONIX Ltd
(Sydney:NVX)
NOVONIX Ltd (NVX) vs. iShares MSCI Australia ETF (EWA)
NOVONIX Ltd Business Overview & Revenue Model
NOVONIX Ltd Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.85M | 12.13M | ― | 6.10M | 5.23M |
| Gross Profit | 4.08M | 9.32M | -20.63M | 4.38M | -3.28M |
| EBITDA | -66.61M | -38.86M | -33.28M | -43.26M | -12.04M |
| Net Income | -74.82M | -46.25M | -38.08M | -51.86M | -18.08M |
Balance Sheet | |||||
| Total Assets | 226.10M | 263.34M | 189.59M | 302.98M | 202.86M |
| Cash, Cash Equivalents and Short-Term Investments | 42.56M | 78.63M | 73.93M | 142.74M | 136.66M |
| Total Debt | 70.42M | 68.22M | 31.34M | 42.31M | 20.01M |
| Total Liabilities | 88.51M | 83.74M | 38.20M | 51.85M | 24.68M |
| Stockholders Equity | 137.59M | 183.94M | 151.39M | 251.13M | 178.18M |
Cash Flow | |||||
| Free Cash Flow | -70.32M | -55.42M | -29.65M | -113.02M | -25.66M |
| Operating Cash Flow | -40.42M | -36.23M | -12.89M | -29.23M | -6.09M |
| Investing Cash Flow | -18.17M | -12.04M | -16.10M | -106.80M | -19.68M |
| Financing Cash Flow | 25.21M | 44.16M | ― | 180.69M | 103.77M |
NOVONIX Ltd Technical Analysis
NOVONIX Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $10.61B | 16.56 | 7.00% | 2.15% | 2.87% | -30.79% | |
46 Neutral | $274.03M | ― | -47.89% | ― | -26.89% | -60.25% | |
| ― | $16.57M | ― | ― | ― | ― | ||
| ― | $32.66M | 2.47 | ― | ― | ― | ||
66 Neutral | AU$121.02M | 26.81 | 8.82% | 1.12% | 9.97% | -22.07% | |
64 Neutral | AU$88.08M | 30.36 | 12.38% | 1.24% | 11.82% | 113.33% | |
40 Underperform | AU$105.63M | ― | -11.59% | ― | ― | -18.75% |
NOVONIX Ltd Corporate Events
NOVONIX Ltd has announced the issuance of its first tranche of convertible debentures, raising up to US$23,275,000, as part of a larger funding agreement with Yorkville Advisors Global, LP. This financial move is designed to bolster the company’s capital structure, allowing for potential growth and expansion in the battery materials sector. The issuance does not require shareholder approval due to the company’s existing placement capacity, but future tranches will require such approval, highlighting a strategic approach to secure substantial funding while adhering to regulatory frameworks.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd has issued 783,867 new fully paid ordinary shares to YA II PN, Ltd as part of a prepayment for interest on convertible debentures. This issuance is part of a funding agreement with Yorkville, reflecting the company’s strategic financial management and compliance with regulatory requirements, potentially impacting its financial stability and investor relations.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd announced the issuance of 24,500,000 unquoted convertible debentures, as part of a previously announced transaction. This move is part of the company’s strategic financial activities, potentially impacting its capital structure and offering new opportunities for growth and investment within the battery technology sector.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd has announced the quotation of 783,867 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of July 25, 2025. This move is part of previously announced transactions and is expected to impact the company’s market presence by potentially increasing liquidity and investor interest in its shares.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd announced a proposed issuance of securities, including 100,000,000 convertible debentures and 783,867 ordinary fully paid shares, scheduled for July 25, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and market positioning, as it seeks to enhance its financial flexibility and support its growth initiatives.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd has made significant strides in the first half of 2025, supplying advanced synthetic graphite samples to 13 customers and progressing equipment installation for a 3,000 tpa capacity to fulfill agreements with major companies like Panasonic. The company also received favorable preliminary rulings from the U.S. Department of Commerce on tariffs against Chinese graphite imports, which could strengthen its market position. Additionally, NOVONIX is expanding its production capabilities with the approval of a new plant site and advancing its zero-waste cathode technology. Key corporate updates include the appointment of a new CEO and a funding agreement for up to $100 million, which could enhance its financial stability and growth prospects.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Limited has entered into a funding agreement with Yorkville Advisors Global, LP, which involves issuing up to US$100 million in unsecured convertible debentures. The funding will support the continued development of NOVONIX’s Riverside facility in Chattanooga, Tennessee, and general corporate purposes. This agreement enhances NOVONIX’s financial flexibility and positions the company to significantly increase production of synthetic graphite, with commercial shipments expected to begin later this year. The strategic move is expected to strengthen NOVONIX’s position in the battery materials sector and contribute to building a resilient supply chain for next-generation technologies in the U.S.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd has announced the quotation of 246,377 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of July 18, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and potentially improve its market positioning, reflecting its ongoing commitment to growth and expansion in the competitive battery technology industry.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd welcomes the U.S. Department of Commerce’s decision to impose antidumping tariffs of 93.5% on Chinese graphite imports, raising the effective tariff rate to 160%. This decision supports NOVONIX’s strategy of building a domestic supply chain for critical minerals in North America, enhancing its production capacity and strengthening its market position. The company’s Riverside facility in Chattanooga is set to become the first large-scale production site for high-performance synthetic graphite in North America, with plans to expand capacity to meet growing demand.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd announced the quotation of 66,896 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective June 30, 2025. This move is part of the company’s strategic efforts to enhance its market presence and provide additional value to its stakeholders, reflecting its ongoing commitment to growth and innovation in the energy storage sector.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd announced the issuance of 3,723,971 performance rights as part of an employee incentive scheme. This move is aimed at aligning employee interests with company performance, potentially enhancing productivity and commitment, which could positively impact the company’s market position and stakeholder value.
The most recent analyst rating on (AU:NVX) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
NOVONIX Ltd has announced the quotation of 36,105 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of June 5, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially expand its market presence, reflecting its ongoing commitment to growth in the battery materials industry.
NOVONIX Limited has welcomed the U.S. Department of Commerce’s decision to impose up to 721% tariffs on Chinese synthetic and natural graphite anode material, a move aimed at supporting the U.S. graphite industry and promoting energy independence. This decision, part of a broader investigation into China’s graphite exports, is expected to bolster NOVONIX’s operations, particularly with its plans to expand production capacity in Chattanooga, Tennessee, positioning the company as a significant player in the North American battery materials market.
NOVONIX Ltd has announced the quotation of 29,763 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code NVX, effective May 13, 2025. This move is part of the company’s ongoing efforts to strengthen its financial position and expand its market presence, potentially impacting its operations and stakeholder interests positively.