Enviri Corp Dossier
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SectorIndustrials IndustryEnvironmental & Facilities Services Beta (adjusted)1.35 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $19.46Price as of 1 Oct 2026 Data confidenceNot applicable Market Cap $548.6M Enterprise Value $2B Shares Outstanding 28.2M diluted Moat Rating None Next Earnings Date16 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Enviri Corp (NVRI) has successfully completed its major portfolio transformation as of June 2026, highlighted by the sale of its Clean Earth division to Veolia for over $3.0 billion and the spin-off of its Harsco Environmental and Harsco Rail segments into 'New Enviri'. This strategic shift establishes a highly focused, standalone public company specializing in environmental solutions for industrial waste and rail equipment. With a significantly deleveraged balance sheet targeting a Net Debt to Adjusted EBITDA ratio of 2.0x and pro forma annualized revenues of approximately $1.2 billion, the company is well-positioned to capture high-margin, recurring environmental services demand. The transition to new leadership under CEO Russell Hochman further supports disciplined cost controls and operational execution. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$21.00 Mean target$21.00 High · most bullish analyst$21.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $15.0020% Global steel production slowdowns severely impact Harsco Environmental's mill services volumes, while Harsco Rail's order book continues to lag behind historical levels with persistent losses in North American OEM equipment. Margin compression risks intensify due to competitive pressures from TMS International and Phoenix Services. Base CaseCentral scenario $21.0050% Matches the consensus meanThe company achieves its pro forma annualized Adjusted EBITDA target of approximately $140 million. Harsco Environmental remains stable with long-term mill services contracts, offsetting high single-digit revenue declines and near-term EBITDA losses in the Rail segment. The stock trades in line with peer multiples as the market digests the post-spin-off corporate structure. Bull CaseUpside scenario $26.0030% New Enviri accelerates margin expansion in Harsco Environmental through strong global demand for steel-mill services and resource recovery, while Harsco Rail successfully executes its risk-reduction strategy and secures major international equipment contracts. Deleveraging proceeds faster than expected, allowing for opportunistic bolt-on acquisitions or share buybacks. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |