Financial Analysis: Enovix (NASDAQ:ENVX) and Woodside Energy Group (NYSE:WDS)

Woodside Energy Group (NYSE:WDS) and Enovix (NASDAQ:ENVX) are both energy companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, risk, analyst recommendations, valuation, profitability, earnings and dividends.

Analyst Ratings

This is a breakdown of current ratings for Woodside Energy Group and Enovix, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Woodside Energy Group	0	2	1	1	2.75
Enovix	0	5	5	0	2.50

Enovix has a consensus price target of $17.00, indicating a potential upside of 87.43%. Given Enovix’s higher probable upside, analysts clearly believe Enovix is more favorable than Woodside Energy Group.

Institutional & Insider Ownership

3.2% of Woodside Energy Group shares are owned by institutional investors. Comparatively, 50.9% of Enovix shares are owned by institutional investors. 0.0% of Woodside Energy Group shares are owned by insiders. Comparatively, 14.1% of Enovix shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Risk & Volatility

Woodside Energy Group has a beta of 0.69, meaning that its stock price is 31% less volatile than the S&P 500. Comparatively, Enovix has a beta of 2.08, meaning that its stock price is 108% more volatile than the S&P 500.

Valuation and Earnings

This table compares Woodside Energy Group and Enovix”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Woodside Energy Group	$13.18 billion	2.34	$3.57 billion	$0.82	19.79
Enovix	$23.07 million	77.29	-$222.24 million	($0.84)	-10.80

Woodside Energy Group has higher revenue and earnings than Enovix. Enovix is trading at a lower price-to-earnings ratio than Woodside Energy Group, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Woodside Energy Group and Enovix’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Woodside Energy Group	N/A	N/A	N/A
Enovix	-481.35%	-73.88%	-32.85%

Summary

Woodside Energy Group beats Enovix on 9 of the 15 factors compared between the two stocks.

About Woodside Energy Group

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour. The company involves in development of new energy products and carbon services. The company was formerly known as Woodside Petroleum Ltd and changed its name to Woodside Energy Group Ltd in May 2022. Woodside Energy Group Ltd was founded in 1954 and is headquartered in Perth, Australia.

About Enovix

Enovix Corporation designs develops and manufactures silicon-anode lithium-ion batteries. It serves wearables and IoT, smartphone, laptops and tablets, industrial and medical, and electric vehicles industries. The company was founded in 2007 and is headquartered in Fremont, California.