Enviri: A 'Strong Buy' As Shares Remain Deeply Discounted

Daniel JonesInvesting Group LeaderFollow5ShareSavePlay(9min)CommentsSummaryEnviri Corporation offers outsized upside as the Clean Earth divestiture nears completion, unlocking significant cash for shareholders.Post-transaction, NVRI expects to distribute $14.50–$16.50 per share, with the remaining business trading at a deeply discounted EV/EBITDA of 3.35x.NVRI’s pro forma net leverage of 0.66 is well below peers, supporting a premium valuation, especially as Harsco Environmental demonstrates resilient growth.I rate NVRI a "Strong Buy," as the market undervalues the stub and ignores the robust balance sheet and upside from Harsco Environmental’s performance.Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » Thapana Onphalai/iStock via Getty Images Rarely have I been as bullish about a company as I am right now about Enviri Corporation (NVRI). The last article that I wrote about the company was published in November of last year. At that time, the stock hadThis article was written byDaniel Jones36.92K FollowersFollowDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVRI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.