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Enviri (NVRI)
NYSE:NVRI
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Enviri
(NYSE:NVRI)
50Neutral
Enviri (NVRI) vs. S&P 500 (SPY)
Market Cap
$510.15M
Dividend YieldN/A
Average Volume (3M)1.13M
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue Growth13.26%
EPS Growth-47.99%
CountryUS
Employees12,000
SectorIndustrials
Sector Strength63
IndustryWaste Management
Share Statistics
EPS (TTM)-1.60
Shares Outstanding80,212,640
10 Day Avg. Volume1,146,332
30 Day Avg. Volume1,127,115
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.23
Price to Cash Flow (P/CF)3.70
P/FCF Ratio4.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$11.50Price Target Upside110.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Enviri Business Overview & Revenue Model
Company DescriptionEnviri (NVRI) is an environmental solutions company focused on providing sustainable waste management and recycling services. It operates across various sectors including industrial, commercial, and municipal, offering innovative solutions to reduce environmental impact through efficient waste disposal and resource recovery processes.
How the Company Makes MoneyEnviri makes money primarily through service contracts with industrial, commercial, and municipal clients. The company's revenue streams include fees for waste collection, transportation, and disposal services, as well as income from selling recycled materials recovered from waste streams. Enviri may also generate revenue through partnerships with government bodies and private entities focused on sustainability initiatives, and through consulting services that help clients improve their waste management practices.
Enviri Financial Statement Overview
Summary
Enviri shows a mixed financial health profile. Revenue growth is promising, but persistent net losses and negative cash flows pose significant risks. The high leverage and decreasing equity present potential financial stability concerns. While the company is growing its top line, it needs to improve operational efficiency and manage debt levels to enhance profitability and financial stability.Income Statement
Enviri's revenue has shown steady growth over the past years, with a revenue growth rate of approximately 13.23% from 2023 to 2024. However, profitability remains a concern as the company has reported negative net income for multiple years. The Gross Profit Margin as of 2024 stands at 18.78%, demonstrating a stable ability to cover direct costs, but EBIT and EBITDA margins are low at 1.35% and 1.35% respectively, indicating challenges in operational efficiency.55
Neutral
Balance Sheet
The balance sheet reveals a high debt-to-equity ratio of 3.68, reflecting significant leverage that could pose financial risks. While total assets have increased, stockholders' equity has decreased, indicating potential weakening in financial stability. The equity ratio is 15.52%, suggesting a moderate reliance on equity financing. Return on equity is negative due to consistent losses, highlighting profitability challenges.60
Neutral
Cash Flow
Operating cash flow has decreased in 2024 compared to the previous year, and free cash flow is negative, indicating challenges in generating cash from operations and after capital expenditures. The free cash flow to net income ratio is negative due to losses. These factors suggest liquidity challenges that may affect the company’s ability to fund growth and operations without external financing.50
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.34B | 2.07B | 1.89B | 1.85B | 1.86B | Gross Profit |
| 440.06M | 435.56M | 335.73M | 357.84M | 363.05M | EBIT |
| 31.75M | 111.01M | -57.34M | 88.38M | 21.08M | EBITDA |
| 190.35M | 266.23M | 110.64M | 256.90M | 151.66M | Net Income Common Stockholders |
| -127.97M | -86.12M | -180.07M | -3.25M | -26.34M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 88.36M | 122.68M | 81.33M | 82.91M | 76.45M | Total Assets |
| 2.65B | 2.85B | 2.79B | 3.05B | 2.99B | Total Debt |
| 1.51B | 1.53B | 1.46B | 1.48B | 1.39B | Net Debt |
| 1.42B | 1.41B | 1.38B | 1.39B | 1.31B | Total Liabilities |
| 2.20B | 2.28B | 2.17B | 2.25B | 2.28B | Stockholders Equity |
| 411.45M | 523.15M | 569.44M | 748.16M | 657.15M |
| Cash Flow | Free Cash Flow | |||
| -58.53M | -25.08M | 13.18M | -86.49M | -66.72M | Operating Cash Flow |
| 78.06M | 114.45M | 150.53M | 72.20M | 53.82M | Investing Cash Flow |
| -34.07M | -116.58M | -99.06M | -124.45M | -520.64M | Financing Cash Flow |
| -63.40M | 43.12M | -42.78M | 60.24M | 486.96M |
Enviri Technical Analysis
Negative
5.47
Price Trends
7.52
Negative
7.64
Negative
8.87
Negative
Market Momentum
-0.14
Negative
45.41
Neutral
34.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVRI, the sentiment is Negative. The current price of 5.47 is below the 20-day moving average (MA) of 6.55, below the 50-day MA of 7.52, and below the 200-day MA of 8.87, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 45.41 is Neutral, neither overbought nor oversold. The STOCH value of 34.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVRI.
Enviri Risk Analysis
Enviri disclosed 30 risk factors in its most recent earnings report. Enviri reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Enviri Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $504.64M | 12.25 | 12.81% | 5.15% | -6.12% | -7.93% | |
62 Neutral | $7.26B | 12.38 | 3.01% | 3.40% | 3.58% | -14.13% | |
59 Neutral | $527.40M | 15.32 | 8.39% | 1.18% | 2.53% | -35.42% | |
53 Neutral | $441.12M | ― | -1.15% | ― | 1.32% | -104.92% | |
50 Neutral | $510.15M | ― | -26.55% | ― | 13.26% | -47.99% | |
47 Neutral | $450.64M | ― | -32.63% | 3.22% | 3.44% | -52.51% | |
44 Neutral | $492.56M | ― | -25.51% | ― | -15.09% | -358.01% |
* Industrials Sector Average
Performance Comparison
NVRI
Enviri
5.47
-3.39
-38.26%
CVLG
Covenant Logistics Group
19.86
-3.27
-14.14%
EBF
Ennis
19.40
2.14
12.40%
TWI
Titan International
6.54
-5.77
-46.87%
JELD
JELD-WEN
5.77
-15.28
-72.59%
FIP
FTAI Infrastructure Incorporation
3.73
-2.56
-40.70%
Enviri Earnings Call Summary
Earnings Call Date: Feb 20, 2025 | % Change Since: -37.34% | Next Earnings Date: May 6, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong performance in the Clean Earth segment, achieving record revenue and significant contributions to Enviri's consolidated results. However, the call also highlighted significant challenges faced by Harsco Environmental due to market conditions and Harsco Rail due to contract and supply chain issues, leading to negative cash flows and substantial special charges.Highlights
Record Performance by Clean Earth
Clean Earth achieved record revenue, EBITDA, and cash flow for the fourth quarter of 2024. The segment's EBITDA has more than doubled since 2021, with a substantial improvement in profit margins.
Highest Adjusted EBITDA in Over a Decade
Enviri reported the highest adjusted EBITDA in over ten years, with a 10% organic increase and a 100 basis point margin lift.
Improved Cash Flow and Safety Measures
Cash flow from Clean Earth and Harsco Environmental improved to nearly $200 million, along with enhanced safety performance across the company.
Clean Earth's Strategic Growth
Clean Earth's contribution to Enviri's consolidated EBITDA grew from 25% to over 50% since 2021. The segment is expected to achieve further double-digit EBITDA growth in 2025.
Positive Free Cash Flow from Clean Earth and HE
Clean Earth and Harsco Environmental combined generated over $190 million in free cash flow in 2024, an improvement from 2023.
Lowlights
Challenges in Harsco Environmental
Harsco Environmental faced challenges due to weaker global steel production, low-priced Chinese steel flooding export markets, and a strong US dollar.
Ongoing Difficulties in Harsco Rail
Harsco Rail continued to struggle with significant challenges due to a small number of engineered contracts, supply chain disruptions, and inflation, resulting in negative cash flow impact.
Substantial Special Charges
The fourth quarter reflected special charges totaling $90 million, including asset impairments, write-downs, and environmental issues.
Negative Free Cash Flow
Enviri's free cash flow for 2024 was negative $34 million, primarily due to large engineer-to-order projects in the Rail business.
Company Guidance
During the Enviri Corporation fourth-quarter 2024 earnings call, key guidance metrics for 2025 were discussed. The company anticipates adjusted EBITDA to range between $305 to $325 million, reflecting a 5% organic growth. Clean Earth's EBITDA is projected to grow double digits, whereas Harsco Environmental (HE) anticipates a decline due to the impact of a stronger US dollar and divestitures. The company expects its free cash flow to improve significantly, ranging from $30 million to $50 million, attributed to improvements in Rail's cash flow and decreased pension contributions. Rail's adjusted EBITDA is expected to increase by 50%, driven by price, volume, and efficiency initiatives. Enviri also plans capital spending of $130 to $140 million for the year, focusing on growth in Clean Earth. For the first quarter, adjusted EBITDA is anticipated to be between $57 million to $62 million.Enviri Corporate Events
Executive/Board ChangesFinancial Disclosures
Enviri Corporation Announces Board Changes Amid Financial Loss
Negative
Feb 20, 2025
Enviri Corporation announced that directors David C. Everitt and Phillip C. Widman will retire from the board at the company’s 2025 Annual Meeting, with no disagreements regarding company operations. Nicholas C. Fanandakis has been nominated to join the board, bringing extensive experience from his previous roles at DuPont. Enviri reported a GAAP consolidated loss of $119 million for 2024, with adjusted EBITDA increasing 11% organically. Despite challenges, the company achieved significant growth in Clean Earth and improved its credit agreement, with expectations for increased cash flow in 2025.
Executive/Board ChangesBusiness Operations and Strategy
Enviri’s Strategic Board Expansion with Neuberger Berman
Positive
Jan 21, 2025
On January 17, 2025, Enviri Corporation entered into a Cooperation Agreement with Neuberger Berman Group to add two independent directors to its Board. This move is part of Enviri’s ongoing board refreshment plan aimed at advancing the company’s long-term strategy. Neuberger Berman has also agreed to support Enviri’s board nominees during the Standstill Period. This collaboration reflects Enviri’s commitment to enhancing corporate governance and engaging with stakeholders to drive growth and deliver sustainable value.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.