Complete NVTS Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
NVTS DCF Analysis
NVTS (Navitas Semiconductor Corporation) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $37.9M | $79.5M | $83.3M | $104.1M | $130.2M | $162.7M | $203.4M | $254.2M |
| Revenue Growth % | - | 109.4% | 4.8% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| EBIT | $-123.6M | $-118.1M | $-130.7M | $5.2M | $6.5M | $8.1M | $10.2M | $12.7M |
| EBIT Margin % | -325.8% | -148.7% | -156.9% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 0.0% | 25.0% | 25.0% | 20.0% | 20.5% | 21.0% | 21.5% | 22.0% |
| NOPAT | $-123.6M | $-88.6M | $-98.0M | $4.2M | $5.2M | $6.4M | $8.0M | $9.9M |
| NOPAT Margin % | -325.8% | -111.5% | -117.7% | 4.0% | 4.0% | 4.0% | 3.9% | 3.9% |
| Capex | $4.6M | $4.8M | $6.8M | $7.7M | $9.1M | $10.9M | $12.9M | $15.3M |
| Capex / Revenue % | 12.2% | 6.0% | 8.1% | 7.4% | 7.0% | 6.7% | 6.3% | 6.0% |
| Depreciation | $7.8M | $21.0M | $21.9M | $25.5M | $31.8M | $39.8M | $49.7M | $62.2M |
| D&A / Revenue % | 20.7% | 26.4% | 26.3% | 24.4% | 24.4% | 24.4% | 24.4% | 24.4% |
| Change in NWC | $-158.8M | $36.3M | $-59.0M | $0 | $0 | $0 | $0 | $0 |
| NWC Change / Revenue % | -418.6% | 45.7% | -70.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Unlevered FCF | $38.4M | $-108.7M | $-23.9M | $21.9M | $27.9M | $35.3M | $44.8M | $56.8M |
| UFCF % Chg. | - | -383.1% | 78.0% | 191.7% | 27.0% | 26.9% | 26.8% | 26.7% |
| FCF / Revenue % | 101.2% | -136.8% | -28.7% | 21.1% | 21.4% | 21.7% | 22.0% | 22.3% |
| Discount Factor | - | - | - | 0.854 | 0.729 | 0.622 | 0.531 | 0.454 |
| Present Value of FCF | - | - | - | $18.7M | $20.3M | $22.0M | $23.8M | $25.7M |
| Sum of PV of UFCF | - | - | - | $18.7M | $39.0M | $61.0M | $84.8M | $110.6M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 6.9% |
| Tax Rate | 20.0% |
| After Tax Cost of Debt | 5.5% |
| Risk Free Rate | 4.40% |
| Market Risk Premium | 4.3% |
| Beta | 2.96 |
| Cost of Equity | 17.2% |
| Total Debt | $7.3M |
| Market Cap | $1.2B |
| Total Capital | $1.2B |
| Debt Weighting | 0.6% |
| Equity Weighting | 99.4% |
| WACC | 17.1% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $56.8M |
| Terminal Value | $397.6M |
| PV of Terminal Value | $180.4M |
| Cumulative PV of UFCF | $110.6M |
| Net Debt | $-79.4M |
| Equity Value | $370.4M |
| Shares Outstanding | 182.5M |
| Implied Share Price | $2 |
| Current Share Price | $6 |
| Implied Upside/(Downside) | -67.7% |
Valuation Summary
$2.03
Implied Price
$6.29
Current Price
-67.7%
Upside/Downside
17.1%
WACC
NVTS Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 11 peer companies in Technology
P/E Ratio
$-44.56
-808.9%
Peer Median: 85.6x
EV/EBITDA
$0.00
-100.0%
Peer Median: 30.7x
P/S Ratio
$1.15
-81.8%
Peer Median: 3.0x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for NVTS's business model and current situation.
Multiple Comparison
| Multiple | NVTS Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -12.1x | 85.6x | 57.0x | -114.1% | Undervalued |
| EV/EBITDA | Infinityx | 30.7x | 26.1x | Infinity% | Overvalued |
| P/S Ratio | 16.3x | 3.0x | 4.7x | 448.1% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $3.30B | 276.1x | 30.7x | 3.6x | |
| $3.13B | 85.6x | 69.6x | 7.2x | |
| $2.27B | 0.0x | 0.0x | 8.0x | |
| $2.43B | 14.9x | 46.9x | 2.3x | |
| $2.28B | 89.0x | 11.4x | 1.7x | |
| $1.21B | 0.0x | 0.0x | 16.3x | |
| $1.07B | 0.0x | 99.1x | 3.0x | |
| $1.05B | 92.5x | 14.6x | 0.8x | |
| $0.70B | 12.2x | 12.9x | 1.0x | |
| $0.57B | 0.0x | 0.0x | 2.6x | |
| $3459.92B | 48.1x | 40.2x | 26.5x |