NOVONIX (ASX:NVX) FCF Yield % : -7.66 (As of May. 16, 2024)

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What is NOVONIX FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, NOVONIX's Trailing 12-Month Free Cash Flow is A$-31.83 Mil, and Market Cap is A$415.57 Mil. Therefore, NOVONIX's FCF Yield % for today is -7.66%.

The historical rank and industry rank for NOVONIX's FCF Yield % or its related term are showing as below:

ASX:NVX' s FCF Yield % Range Over the Past 10 Years
Min: -63.54 Med: -8.26 Max: -0.86
Current: -7.66

During the past 9 years, the highest FCF Yield % of NOVONIX was -0.86%. The lowest was -63.54%. And the median was -8.26%.

ASX:NVX's FCF Yield % is ranked worse than
81.32% of 3025 companies
in the Industrial Products industry
Industry Median: 0.54 vs ASX:NVX: -7.66

NOVONIX's FCF Margin % for the quarter that ended in Dec. 2023 was 0.00%.

NOVONIX FCF Yield % Historical Data

The historical data trend for NOVONIX's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NOVONIX FCF Yield % Chart

NOVONIX Annual Data

Trend

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

FCF Yield %

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-10.42

-3.55

-3.74

-14.52

-23.05

NOVONIX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
FCF Yield %	Get a 7-Day Free Trial															-19.05	-18.35	-20.17	36.64	-

Competitive Comparison of NOVONIX's FCF Yield %

For the Electrical Equipment & Parts subindustry, NOVONIX's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NOVONIX's FCF Yield % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NOVONIX's FCF Yield % distribution charts can be found below:

* The bar in red indicates where NOVONIX's FCF Yield % falls into.

NOVONIX FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

NOVONIX's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-82.804	/	359.218755
	=	-23.05%

NOVONIX's annualized FCF Yield % for the quarter that ended in Dec. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	32.907	*	4	/	359.218755
	=	36.64%

NOVONIX FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

NOVONIX FCF Yield % Related Terms

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NOVONIX (ASX:NVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NOVONIX Ltd (ASX:NVX) » Definitions » FCF Yield %

Comparable Companies

Traded in Other Exchanges

NVX:USA NVNXF:USA GC3:Germany

Address

71 Eagle Street, Level 38, Brisbane, QLD, AUS, 4000

Website

https://www.novonixgroup.com

NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration and Mining, Battery Technology, and NOVONIX Anode Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposit. TheNOVONIX Anode Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carried out research and development in battery development. The Battery Technology segment is the major revenue contributor to the company.