FREYR Battery (NYSE:FREY – Get Rating) and Novonix (NASDAQ:NVX – Get Rating) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their profitability, valuation, dividends, earnings, analyst recommendations, institutional ownership and risk.
Valuation and Earnings
This table compares FREYR Battery and Novonix's revenue, earnings per share (EPS) and valuation.
Get FREYR Battery alerts:| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| FREYR Battery | N/A | N/A | -$93.38 million | ($1.30) | -6.92 |
| Novonix | $6.11 million | 103.17 | -$51.83 million | N/A | N/A |
Novonix has higher revenue and earnings than FREYR Battery.
Profitability
This table compares FREYR Battery and Novonix's net margins, return on equity and return on assets.| Net Margins | Return on Equity | Return on Assets | |
| FREYR Battery | N/A | -23.26% | -19.17% |
| Novonix | N/A | N/A | N/A |
Analyst Recommendations
This is a breakdown of current recommendations for FREYR Battery and Novonix, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| FREYR Battery | 0 | 1 | 6 | 0 | 2.86 |
| Novonix | 0 | 0 | 0 | 0 | N/A |
FREYR Battery currently has a consensus price target of $18.75, suggesting a potential upside of 108.33%. Given FREYR Battery's higher probable upside, research analysts clearly believe FREYR Battery is more favorable than Novonix.
Institutional & Insider Ownership
78.3% of FREYR Battery shares are held by institutional investors. 25.5% of FREYR Battery shares are held by company insiders. Comparatively, 23.7% of Novonix shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
About FREYR Battery
(Get Rating)
FREYR Battery engages in the production and sale of battery cells for stationary energy storage, electric mobility, and marine applications in Europe and internationally. The company designs and manufactures lithium-ion based battery cell facilities. The company was founded in 2018 and is based in Luxembourg.
About Novonix
(Get Rating)
Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. It operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia. The Battery Technology segment develops battery cell testing equipment and batteries, and consulting services. The Battery Materials segment develops and manufactures battery anode materials. The company is also involved in the investment and battery testing activities. The company was formerly known as Graphitecorp Limited and changed its name to Novonix Limited in July 2017. Novonix Limited was incorporated in 2012 and is based in Brisbane, Australia.
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