NOVA LTD (NVMI) Stock Fundamental Analysis
USA - NASDAQ:NVMI - IL0010845571 - Common Stock
309.59 USD
-1.25 (-0.4%)
309.59 USD
0 (0%)
Overall NVMI gets a fundamental rating of 7 out of 10. We evaluated NVMI against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While NVMI has a great profitability rating, there are some minor concerns on its financial health. NVMI is growing strongly while it is still valued neutral. This is a good combination! These ratings could make NVMI a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
NVMI had positive earnings in the past year.
In the past year NVMI had a positive cash flow from operations.
In the past 5 years NVMI has always been profitable.
In the past 5 years NVMI always reported a positive cash flow from operatings.
1.2 Ratios
NVMI has a better Return On Assets (15.31%) than 89.29% of its industry peers.
NVMI has a better Return On Equity (21.42%) than 87.50% of its industry peers.
With an excellent Return On Invested Capital value of 17.09%, NVMI belongs to the best of the industry, outperforming 91.96% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for NVMI is above the industry average of 10.87%.
The last Return On Invested Capital (17.09%) for NVMI is above the 3 year average (15.19%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.31% | ||
| ROE | 21.42% | ||
| ROIC | 17.09% |
ROA(3y)13.16%
ROA(5y)11.67%
ROE(3y)20.62%
ROE(5y)18.88%
ROIC(3y)15.19%
ROIC(5y)14.49%
1.3 Margins
NVMI has a better Profit Margin (29.10%) than 90.18% of its industry peers.
NVMI's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 28.94%, NVMI belongs to the best of the industry, outperforming 89.29% of the companies in the same industry.
In the last couple of years the Operating Margin of NVMI has grown nicely.
With an excellent Gross Margin value of 57.10%, NVMI belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
NVMI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.94% | ||
| PM (TTM) | 29.1% | ||
| GM | 57.1% |
OM growth 3Y1.07%
OM growth 5Y11.5%
PM growth 3Y6.9%
PM growth 5Y11.79%
GM growth 3Y0.58%
GM growth 5Y1.23%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NVMI is creating some value.
Compared to 1 year ago, NVMI has more shares outstanding
The number of shares outstanding for NVMI has been increased compared to 5 years ago.
The debt/assets ratio for NVMI has been reduced compared to a year ago.
2.2 Solvency
NVMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.73 | ||
| Altman-Z | N/A |
ROIC/WACC1.49
WACC11.5%
2.3 Liquidity
NVMI has a Current Ratio of 2.57. This indicates that NVMI is financially healthy and has no problem in meeting its short term obligations.
NVMI has a Current ratio (2.57) which is in line with its industry peers.
NVMI has a Quick Ratio of 2.05. This indicates that NVMI is financially healthy and has no problem in meeting its short term obligations.
NVMI's Quick ratio of 2.05 is in line compared to the rest of the industry. NVMI outperforms 50.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 44.19% over the past year.
Measured over the past years, NVMI shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.09% on average per year.
The Revenue has grown by 43.69% in the past year. This is a very strong growth!
NVMI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.49% yearly.
EPS 1Y (TTM)44.19%
EPS 3Y20.27%
EPS 5Y33.09%
EPS Q2Q%36.65%
Revenue 1Y (TTM)43.69%
Revenue growth 3Y17.35%
Revenue growth 5Y24.49%
Sales Q2Q%40.25%
3.2 Future
Based on estimates for the next years, NVMI will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.41% on average per year.
Based on estimates for the next years, NVMI will show a quite strong growth in Revenue. The Revenue will grow by 16.26% on average per year.
EPS Next Y30.71%
EPS Next 2Y18.6%
EPS Next 3Y14.71%
EPS Next 5Y16.41%
Revenue Next Year31.35%
Revenue Next 2Y18.72%
Revenue Next 3Y17.07%
Revenue Next 5Y16.26%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.41, NVMI can be considered very expensive at the moment.
NVMI's Price/Earnings ratio is a bit cheaper when compared to the industry. NVMI is cheaper than 61.61% of the companies in the same industry.
When comparing the Price/Earnings ratio of NVMI to the average of the S&P500 Index (27.38), we can say NVMI is valued slightly more expensively.
NVMI is valuated quite expensively with a Price/Forward Earnings ratio of 32.95.
NVMI's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.86. NVMI is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.41 | ||
| Fwd PE | 32.95 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NVMI is valued a bit cheaper than 61.61% of the companies in the same industry.
69.64% of the companies in the same industry are more expensive than NVMI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.54 | ||
| EV/EBITDA | 33.31 |
4.3 Compensation for Growth
NVMI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of NVMI may justify a higher PE ratio.
NVMI's earnings are expected to grow with 14.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.25
PEG (5Y)1.16
EPS Next 2Y18.6%
EPS Next 3Y14.71%
5. Dividend
5.1 Amount
No dividends for NVMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
309.59
-1.25 (-0.4%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners76.71%
Inst Owner Change1.47%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.18B
Analysts84.29
Price Target293.55 (-5.18%)
Short Float %6.38%
Short Ratio5.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.94%
Min EPS beat(2)3.26%
Max EPS beat(2)4.63%
EPS beat(4)4
Avg EPS beat(4)3.51%
Min EPS beat(4)1.68%
Max EPS beat(4)4.63%
EPS beat(8)8
Avg EPS beat(8)7.01%
EPS beat(12)12
Avg EPS beat(12)6.54%
EPS beat(16)16
Avg EPS beat(16)8.01%
Revenue beat(2)1
Avg Revenue beat(2)-0.05%
Min Revenue beat(2)-0.44%
Max Revenue beat(2)0.34%
Revenue beat(4)3
Avg Revenue beat(4)1.1%
Min Revenue beat(4)-0.44%
Max Revenue beat(4)2.39%
Revenue beat(8)7
Avg Revenue beat(8)1.91%
Revenue beat(12)8
Avg Revenue beat(12)1.14%
Revenue beat(16)12
Avg Revenue beat(16)1.68%
PT rev (1m)9.22%
PT rev (3m)10.72%
EPS NQ rev (1m)0.56%
EPS NQ rev (3m)2.54%
EPS NY rev (1m)1.25%
EPS NY rev (3m)1.93%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)2.34%
Revenue NY rev (1m)1.07%
Revenue NY rev (3m)1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.41 | ||
| Fwd PE | 32.95 | ||
| P/S | 11.37 | ||
| P/FCF | 44.54 | ||
| P/OCF | 39.96 | ||
| P/B | 8.37 | ||
| P/tB | 9.61 | ||
| EV/EBITDA | 33.31 |
EPS(TTM)8.06
EY2.6%
EPS(NY)9.4
Fwd EY3.04%
FCF(TTM)6.95
FCFY2.25%
OCF(TTM)7.75
OCFY2.5%
SpS27.22
BVpS36.98
TBVpS32.22
PEG (NY)1.25
PEG (5Y)1.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.31% | ||
| ROE | 21.42% | ||
| ROCE | 19.75% | ||
| ROIC | 17.09% | ||
| ROICexc | 32.3% | ||
| ROICexgc | 41.7% | ||
| OM | 28.94% | ||
| PM (TTM) | 29.1% | ||
| GM | 57.1% | ||
| FCFM | 25.53% |
ROA(3y)13.16%
ROA(5y)11.67%
ROE(3y)20.62%
ROE(5y)18.88%
ROIC(3y)15.19%
ROIC(5y)14.49%
ROICexc(3y)32.48%
ROICexc(5y)43.28%
ROICexgc(3y)41.09%
ROICexgc(5y)54.3%
ROCE(3y)17.55%
ROCE(5y)16.75%
ROICexcg growth 3Y-25.15%
ROICexcg growth 5Y16.57%
ROICexc growth 3Y-24.52%
ROICexc growth 5Y15.8%
OM growth 3Y1.07%
OM growth 5Y11.5%
PM growth 3Y6.9%
PM growth 5Y11.79%
GM growth 3Y0.58%
GM growth 5Y1.23%
F-Score7
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.73 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 124.23% | ||
| Cap/Sales | 2.93% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.94% | ||
| Profit Quality | 87.74% | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.05 | ||
| Altman-Z | N/A |
F-Score7
WACC11.5%
ROIC/WACC1.49
Cap/Depr(3y)117.01%
Cap/Depr(5y)96.11%
Cap/Sales(3y)3.2%
Cap/Sales(5y)2.63%
Profit Quality(3y)88.91%
Profit Quality(5y)103.24%
High Growth Momentum
Growth
EPS 1Y (TTM)44.19%
EPS 3Y20.27%
EPS 5Y33.09%
EPS Q2Q%36.65%
EPS Next Y30.71%
EPS Next 2Y18.6%
EPS Next 3Y14.71%
EPS Next 5Y16.41%
Revenue 1Y (TTM)43.69%
Revenue growth 3Y17.35%
Revenue growth 5Y24.49%
Sales Q2Q%40.25%
Revenue Next Year31.35%
Revenue Next 2Y18.72%
Revenue Next 3Y17.07%
Revenue Next 5Y16.26%
EBIT growth 1Y55.1%
EBIT growth 3Y18.61%
EBIT growth 5Y38.8%
EBIT Next Year37.25%
EBIT Next 3Y16.09%
EBIT Next 5YN/A
FCF growth 1Y88.37%
FCF growth 3Y19.59%
FCF growth 5Y62.24%
OCF growth 1Y78.48%
OCF growth 3Y21.15%
OCF growth 5Y42.03%