Enovix Corporation (ENVX) vs Kimball Electronics, Inc. (KE)

Enovix Corporation and Kimball Electronics, Inc. are both Electrical Equipment & Parts companies. Enovix Corporation and Kimball Electronics, Inc. are of similar size ($635.8M and $588.1M). Enovix Corporation has negative trailing earnings, so its P/E is not meaningful; Kimball Electronics, Inc. trades at 22.7×. Enovix Corporation grew revenue faster over the last twelve months: 34.9% against −3.72%. Kimball Electronics, Inc. has the higher net margin (1.95% vs −473.9%) and the higher return on invested capital (6.74% vs −41.6%). Across the 18 metrics below, Kimball Electronics, Inc. leads on 13 and Enovix Corporation on 5.

Valuation

Metric ENVX KE Electrical Equipment & Parts median
P/E n/m 22.68 31.20
P/S 15.16 0.44 2.28
P/B 2.57 1.08 3.19
Price to free cash flow n/m 25.75 27.15
EV/EBITDA n/m 6.31 15.80
EV/Sales 16.72 0.46 2.38
Earnings yield (32.13%) 4.41% (5.87%)
Free cash flow yield (22.83%) 3.88% 0.00%

Profitability

Metric ENVX KE Electrical Equipment & Parts median
Gross margin 18.83% 8.21% 25.38%
Operating margin (496.54%) 4.61% 0.00%
Net margin (473.89%) 1.95% 0.00%
Free cash flow margin (346.17%) 1.72% 0.00%
Return on equity (81.23%) 4.84% 0.14%
Return on assets (26.80%) 2.58% (1.50%)
Return on invested capital (41.58%) 6.74% 0.00%

Growth

Metric ENVX KE Electrical Equipment & Parts median
Revenue growth (TTM) 34.88% (3.72%) 7.92%
EPS growth (last fiscal year) 40.94% 66.18% 27.37%
Revenue growth, 5-year CAGR — 2.07% 9.92%
Net income growth, 5-year CAGR 0.00% (13.20%) 0.00%

Health

Metric ENVX KE Electrical Equipment & Parts median
Debt to equity 2.51 0.20 0.16
Current ratio 9.71 2.09 2.31
Net debt to EBITDA (0.12) 0.26 0.26

Dividend

Metric ENVX KE Electrical Equipment & Parts median
Dividend yield — — 0.48%
Payout ratio — — 0.10

Size

Metric ENVX KE Electrical Equipment & Parts median
Market cap 588.12m 635.79m 157.22m

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