(NOVC.DE) Fundamental Analysis & Valuation

FRA:NOVC • DK0060534915

Current stock price

86.34 EUR
-2.03 (-2.3%)
Last:

This NOVC.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. NOVC.DE Profitability Analysis

1.1 Basic Checks

  • NOVC had positive earnings in the past year.
  • In the past year NOVC had a positive cash flow from operations.
NOVC.DE Yearly Net Income VS EBIT VS OCF VS FCFNOVC.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 20B 40B 60B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 23.95%, NOVC belongs to the top of the industry, outperforming 95.56% of the companies in the same industry.
  • With an excellent Return On Equity value of 74.32%, NOVC belongs to the best of the industry, outperforming 95.56% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 55.96%, NOVC belongs to the top of the industry, outperforming 97.78% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NOVC is significantly above the industry average of 14.21%.
  • The last Return On Invested Capital (55.96%) for NOVC is above the 3 year average (49.65%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 23.95%
ROE 74.32%
ROIC 55.96%
ROA(3y)25.55%
ROA(5y)28.51%
ROE(3y)66.85%
ROE(5y)68.54%
ROIC(3y)49.65%
ROIC(5y)55.99%
NOVC.DE Yearly ROA, ROE, ROICNOVC.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 20 40 60 80

1.3 Margins

  • Looking at the Profit Margin, with a value of 33.40%, NOVC belongs to the top of the industry, outperforming 91.11% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NOVC has declined.
  • NOVC has a Operating Margin of 42.80%. This is amongst the best in the industry. NOVC outperforms 95.56% of its industry peers.
  • In the last couple of years the Operating Margin of NOVC has remained more or less at the same level.
  • NOVC's Gross Margin of 84.35% is amongst the best of the industry. NOVC outperforms 84.44% of its industry peers.
  • NOVC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 42.8%
PM (TTM) 33.4%
GM 84.35%
OM growth 3Y-0.97%
OM growth 5Y-0.64%
PM growth 3Y-0.57%
PM growth 5Y-1.67%
GM growth 3Y-0.02%
GM growth 5Y-0.07%
NOVC.DE Yearly Profit, Operating, Gross MarginsNOVC.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 20 40 60 80

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6

2. NOVC.DE Health Analysis

2.1 Basic Checks

  • NOVC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for NOVC has been reduced compared to 1 year ago.
  • NOVC has a better debt/assets ratio than last year.
NOVC.DE Yearly Shares OutstandingNOVC.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B 4B
NOVC.DE Yearly Total Debt VS Total AssetsNOVC.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 50B 100B 150B 200B

2.2 Solvency

  • An Altman-Z score of 11.18 indicates that NOVC is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 11.18, NOVC belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
  • NOVC has a debt to FCF ratio of 0.38. This is a very positive value and a sign of high solvency as it would only need 0.38 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 0.38, NOVC belongs to the best of the industry, outperforming 91.11% of the companies in the same industry.
  • NOVC has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
  • NOVC has a Debt to Equity ratio of 0.21. This is comparable to the rest of the industry: NOVC outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 0.38
Altman-Z 11.18
ROIC/WACC7.69
WACC7.28%
NOVC.DE Yearly LT Debt VS Equity VS FCFNOVC.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 20B 40B 60B 80B

2.3 Liquidity

  • A Current Ratio of 0.88 indicates that NOVC may have some problems paying its short term obligations.
  • NOVC has a worse Current ratio (0.88) than 84.44% of its industry peers.
  • A Quick Ratio of 0.70 indicates that NOVC may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.70, NOVC is doing worse than 82.22% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.7
NOVC.DE Yearly Current Assets VS Current LiabilitesNOVC.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 20B 40B 60B 80B 100B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. NOVC.DE Growth Analysis

3.1 Past

  • NOVC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.68%.
  • Measured over the past 5 years, NOVC shows a small growth in Earnings Per Share. The EPS has been growing by 3.48% on average per year.
  • The Revenue has grown by 28.03% in the past year. This is a very strong growth!
  • NOVC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.64% yearly.
EPS 1Y (TTM)-32.68%
EPS 3Y3.69%
EPS 5Y3.48%
EPS Q2Q%-26.37%
Revenue 1Y (TTM)28.03%
Revenue growth 3Y13.19%
Revenue growth 5Y9.64%
Sales Q2Q%31.59%

3.2 Future

  • Based on estimates for the next years, NOVC will show a very strong growth in Earnings Per Share. The EPS will grow by 25.79% on average per year.
  • The Revenue is expected to grow by 13.65% on average over the next years. This is quite good.
EPS Next Y96.77%
EPS Next 2Y52.67%
EPS Next 3Y40.31%
EPS Next 5Y25.79%
Revenue Next Year27.56%
Revenue Next 2Y22.92%
Revenue Next 3Y20.4%
Revenue Next 5Y13.65%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NOVC.DE Yearly Revenue VS EstimatesNOVC.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100B 200B 300B 400B
NOVC.DE Yearly EPS VS EstimatesNOVC.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20 40 60 80

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4

4. NOVC.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 43.17, the valuation of NOVC can be described as expensive.
  • NOVC's Price/Earnings ratio is a bit more expensive when compared to the industry. NOVC is more expensive than 64.44% of the companies in the same industry.
  • NOVC is valuated expensively when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 15.13, NOVC is valued correctly.
  • Based on the Price/Forward Earnings ratio, NOVC is valued a bit cheaper than the industry average as 64.44% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 22.29. NOVC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 43.17
Fwd PE 15.13
NOVC.DE Price Earnings VS Forward Price EarningsNOVC.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 64.44% of the companies in the same industry are cheaper than NOVC, based on the Enterprise Value to EBITDA ratio.
  • NOVC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 42.68
EV/EBITDA 30.33
NOVC.DE Per share dataNOVC.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • NOVC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NOVC has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as NOVC's earnings are expected to grow with 40.31% in the coming years.
PEG (NY)0.45
PEG (5Y)12.41
EPS Next 2Y52.67%
EPS Next 3Y40.31%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NOVC.DE Dividend Analysis

5.1 Amount

  • No dividends for NOVC!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

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NOVC.DE Fundamentals: All Metrics, Ratios and Statistics

FRA:NOVC (9/19/2023, 5:26:42 PM)

86.34

-2.03 (-2.3%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryPharmaceuticals
Earnings (Last)N/A
Earnings (Next)N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap386.28B
Revenue(TTM)201.32B
Net Income(TTM)67.24B
Analysts70.63
Price Target169.94 (96.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP41.57%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.26%
Min EPS beat(2)-6.63%
Max EPS beat(2)2.11%
EPS beat(4)3
Avg EPS beat(4)-0.09%
Min EPS beat(4)-6.63%
Max EPS beat(4)2.85%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)99180.3%
Min Revenue beat(2)97265.9%
Max Revenue beat(2)101095%
Revenue beat(4)4
Avg Revenue beat(4)100079%
Min Revenue beat(4)97265.9%
Max Revenue beat(4)101151%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.68%
PT rev (3m)6.75%
EPS NQ rev (1m)-50.34%
EPS NQ rev (3m)-49.42%
EPS NY rev (1m)0.22%
EPS NY rev (3m)4.6%
Revenue NQ rev (1m)-99.9%
Revenue NQ rev (3m)-99.9%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)3.71%
Valuation
Industry RankSector Rank
PE 43.17
Fwd PE 15.13
P/S 14.31
P/FCF 42.68
P/OCF 32.1
P/B 31.84
P/tB 72.51
EV/EBITDA 30.33
EPS(TTM)2
EY2.32%
EPS(NY)5.71
Fwd EY6.61%
FCF(TTM)2.02
FCFY2.34%
OCF(TTM)2.69
OCFY3.12%
SpS6.03
BVpS2.71
TBVpS1.19
PEG (NY)0.45
PEG (5Y)12.41
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 23.95%
ROE 74.32%
ROCE 69.41%
ROIC 55.96%
ROICexc 79.18%
ROICexgc 187.85%
OM 42.8%
PM (TTM) 33.4%
GM 84.35%
FCFM 33.53%
ROA(3y)25.55%
ROA(5y)28.51%
ROE(3y)66.85%
ROE(5y)68.54%
ROIC(3y)49.65%
ROIC(5y)55.99%
ROICexc(3y)59.43%
ROICexc(5y)70.56%
ROICexgc(3y)107.14%
ROICexgc(5y)103.87%
ROCE(3y)66.16%
ROCE(5y)72.5%
ROICexgc growth 3Y12.28%
ROICexgc growth 5Y2.92%
ROICexc growth 3Y-8.96%
ROICexc growth 5Y-9.74%
OM growth 3Y-0.97%
OM growth 5Y-0.64%
PM growth 3Y-0.57%
PM growth 5Y-1.67%
GM growth 3Y-0.02%
GM growth 5Y-0.07%
F-Score7
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 0.38
Debt/EBITDA 0.21
Cap/Depr 278.9%
Cap/Sales 11.04%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 100.38%
Current Ratio 0.88
Quick Ratio 0.7
Altman-Z 11.18
F-Score7
WACC7.28%
ROIC/WACC7.69
Cap/Depr(3y)235.6%
Cap/Depr(5y)244.27%
Cap/Sales(3y)10.33%
Cap/Sales(5y)10.26%
Profit Quality(3y)95.36%
Profit Quality(5y)92.36%
High Growth Momentum
Growth
EPS 1Y (TTM)-32.68%
EPS 3Y3.69%
EPS 5Y3.48%
EPS Q2Q%-26.37%
EPS Next Y96.77%
EPS Next 2Y52.67%
EPS Next 3Y40.31%
EPS Next 5Y25.79%
Revenue 1Y (TTM)28.03%
Revenue growth 3Y13.19%
Revenue growth 5Y9.64%
Sales Q2Q%31.59%
Revenue Next Year27.56%
Revenue Next 2Y22.92%
Revenue Next 3Y20.4%
Revenue Next 5Y13.65%
EBIT growth 1Y29.73%
EBIT growth 3Y12.1%
EBIT growth 5Y8.94%
EBIT Next Year38.11%
EBIT Next 3Y23.19%
EBIT Next 5Y17.5%
FCF growth 1Y112.16%
FCF growth 3Y21.73%
FCF growth 5Y14.55%
OCF growth 1Y65.59%
OCF growth 3Y19.03%
OCF growth 5Y13.89%

/ NOVC.DE Fundamental Analysis FAQ

What is the fundamental rating for NOVC stock?

ChartMill assigns a fundamental rating of 7 / 10 to NOVC.DE.


What is the valuation status of (NOVC.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to (NOVC.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for ?

(NOVC.DE) has a profitability rating of 9 / 10.


Can you provide the expected EPS growth for NOVC stock?

The Earnings per Share (EPS) of (NOVC.DE) is expected to grow by 96.77% in the next year.


How sustainable is the dividend of (NOVC.DE) stock?

The dividend rating of (NOVC.DE) is 4 / 10 and the dividend payout ratio is 41.57%.