ELA
Envela CorporationConsumer Cyclical·Luxury Goods
$25.46
$661M market cap
Revenue
$178.9M
Free Cash Flow
$16.9M
Rev Growth
+0.0%
FCF Margin
9.4%
P/FCF
39.2x
EV/FCF
38.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components. The company also buys and sells various forms of gold, silver, platinum, and
2-Year Price History
$23.85+410.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 98.4 | 11.7 | 11.2 | 8.8 | 21.2 | 20.6 | -0.6 | 38.6 | 20.1 | 26.0 | 69.5% | 148.5x | -- |
| Act | 2025-Q4 | 80.5 | 7.2 | 7.5 | 6.0 | -3.6 | -3.7 | -0.2 | 18.2 | 19.9 | 26.0 | 56.6% | 81.4x | -- |
Valuation & Metrics
Market Stats
Price$25.46
Market Cap$661M
Enterprise Value$642M
P/S Ratio3.7x
P/FCF39.2x
EV/FCF38.1x
FCF Margin (TTM)9.4%
FCF Yield2.6%
Dividend Yield (TTM)5.8%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$178.9M
Net Income$14.8M
Free Cash Flow$16.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin10.6%
Net Margin8.3%
FCF Margin9.4%
CapEx % of Revenue0.4%
SBC % of Revenue0.0%
ROIC63.1%
WC Change % Rev4.4%
Interest Coverage1974.6x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.2M
Days to Cover2.2
Change (vs Prior)+11.3%
Need at least 2 settlement dates for chart
Employees
Headcount309
Revenue / Employee$578,900
Gross Profit / Employee$120,134
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
10.0%(+7.2% YoY)
62 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
3.3%(+2.6% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.2%(+0.0% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Mink Brook Asset Management LLC | $21.3M | $7.07 | −$352K | −$374K | -1.8% | $179M |
| Topline Capital Management, LLC | $13.0M | $7.05 | −$1.2M | +$416K | -4.4% | $605M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $6.5M | $16.66 | +$6.5M | +$6.5M | — | $4.04T |
| BlackRock, Inc.Passive | $5.2M | $8.89 | −$93K | +$4.9M | -0.2% | $5.69T |
| RENAISSANCE TECHNOLOGIES LLC | $4.3M | $8.62 | +$1.1M | +$1.7M | +1.2% | $63.91B |
| Allspring Global Investments Holdings, LLC | $3.5M | $13.38 | +$398K | +$3.5M | -0.7% | $59.61B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $2.7M | $9.45 | +$467K | +$2.1M | +0.1% | $184.72B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $2.5M | $6.94 | +$54K | +$1.4M | +2.3% | $1.61T |
| Nuveen, LLC | $2.0M | $16.66 | +$2.0M | +$2.0M | +0.0% | $368.63B |
| SEI INVESTMENTS CO | $2.0M | $15.02 | +$986K | +$2.0M | -0.4% | $108.06B |
| STATE STREET CORPPassive | $1.8M | $9.73 | +$601K | +$1.4M | -0.2% | $2.89T |
| Informed Momentum Co LLC | $1.6M | $7.10 | +$0 | +$1.6M | +7.7% | $865M |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1.5M | $7.58 | −$116K | −$32K | -2.3% | $4.93B |
| DIMENSIONAL FUND ADVISORS LPPassive | $1.4M | $9.36 | +$535K | +$486K | -0.4% | $480.92B |
| NORTHERN TRUST CORPPassive | $1.3M | $6.72 | +$30K | +$470K | -0.2% | $755.34B |
| GOLDMAN SACHS GROUP INC | $1.2M | $8.24 | −$22K | +$687K | -0.2% | $760.93B |
| JANE STREET GROUP, LLCMM | $1.0M | $8.17 | +$437K | +$437K | -0.1% | $92.10B |
| US BANCORP \DE\ | $969K | $5.48 | +$0 | −$60K | -0.1% | $82.36B |
| Centiva Capital, LP | $739K | $13.11 | +$524K | +$739K | +0.5% | $2.14B |
| VANGUARD FIDUCIARY TRUST COPassive | $732K | $16.66 | +$732K | +$732K | — | $395.83B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-0.76%
avg per quarter
Holders (ex-self)
-1.39%
excl. this stock
Buyers (this Q)
+0.07%
46 buyers · $0.02B in
Sellers (this Q)
-1.34%
17 sellers · $-0.01B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-6.0%
how holders react when this stock falls
On quiet Qs
-1.7%
−10% to +10% baseline
On rallies (+10%+)
-9.1%
how they react when this stock rises
Holders' portfolio flow this Q
-0.5%
outflows — trims may be forced
Sellers' portfolio flow this Q
-1.2%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
+1.1%
Holder mid (any stock)
-2.8%
Holder rally (any stock)
-6.8%
Biggest decreases this quarter
Topline Capital Management, LLC−$1.2Mα-4.4BANK OF AMERICA CORP /DE/exited−$514KNewEdge Advisors, LLCexited−$479KMink Brook Asset Management LLC−$352Kα-1.8Massar Capital Management, LPexited−$174KOCCUDO QUANTITATIVE STRATEGIES LPexited−$157KBaader Bank Aktiengesellschaftexited−$134KBRIDGEWAY CAPITAL MANAGEMENT, LLC−$116Kα-2.3BlackRock, Inc.−$93Kα-0.2Tradewinds Capital Management, LLCexited−$36K
New buyers this quarter
Top-5 holders · 60.6%
Mink Brook Asset Management LLC--
Topline Capital Management, LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
BlackRock, Inc.--
RENAISSANCE TECHNOLOGIES LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Mink Brook Asset Management LLC1.3MTopline Capital Management, LLC780KRENAISSANCE TECHNOLOGIES LLC261KAllspring Global Investments Holdings, LLC209KARROWSTREET CAPITAL, LIMITED PARTNERSHIP165KCROWN ADVISORS MANAGEMENT, INC.—Nuveen, LLC120KSEI INVESTMENTS CO118KHEARTLAND ADVISORS INC—Informed Momentum Co LLC97K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$27.00600.0%
Last Year (2 analysts)$19.50-2340.0%
Current Price$25.46
Analyst Ratings
2
Buy: 2Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$7K
4 txns · 1 insider · 925 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-22 | BUY | DeLuca John Garrett | officer: CFO | 55 | $23.94 | $1K | $77K |
| 2025-11-28 | BUY | DeLuca John Garrett | officer: CFO | 90 | $11.78 | $1K | $37K |
| 2025-08-19 | BUY | DeLuca John Garrett | officer: CFO | 280 | $7.09 | $2K | $22K |
| 2025-06-04 | BUY | DeLuca John Garrett | officer: CFO | 500 | $5.81 | $3K | $16K |
Order Flow (FINRA, ~3w lag)
15.7%retail-23.5pp
17.9%dark+3.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
ENVELA CORPORATION: Bullion-Fueled Revenue Growth Masking Severe Concentration and Cash Conversion Friction
Overall Risk
4/10
Fraud
2/10
Dilution
3/10
Insolvency
1/10
Earnings Overstated
5/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
5/10
Contextually Acceptable
7/10