NOVA LTD (NVMI)
IL0010845571 - Common Stock
Overall NVMI gets a fundamental rating of 6 out of 10. We evaluated NVMI against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. While NVMI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NVMI is not overvalued while it is showing excellent growth. This is an interesting combination. This makes NVMI very considerable for growth investing!
1. Profitability
1.1 Basic Checks
NVMI had positive earnings in the past year.
NVMI had a positive operating cash flow in the past year.
Each year in the past 5 years NVMI has been profitable.
NVMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NVMI has a Return On Assets of 12.85%. This is amongst the best in the industry. NVMI outperforms 80.56% of its industry peers.
With an excellent Return On Equity value of 18.89%, NVMI belongs to the best of the industry, outperforming 82.41% of the companies in the same industry.
The Return On Invested Capital of NVMI (15.15%) is better than 87.96% of its industry peers.
NVMI had an Average Return On Invested Capital over the past 3 years of 16.39%. This is significantly above the industry average of 11.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.85% | ||
| ROE | 18.89% | ||
| ROIC | 15.15% |
ROA(3y)12.61%
ROA(5y)10.79%
ROE(3y)20.56%
ROE(5y)17.16%
ROIC(3y)16.39%
ROIC(5y)13.3%
1.3 Margins
NVMI has a better Profit Margin (28.01%) than 88.89% of its industry peers.
In the last couple of years the Profit Margin of NVMI has grown nicely.
With an excellent Operating Margin value of 27.09%, NVMI belongs to the best of the industry, outperforming 87.04% of the companies in the same industry.
In the last couple of years the Operating Margin of NVMI has remained more or less at the same level.
Looking at the Gross Margin, with a value of 57.39%, NVMI is in the better half of the industry, outperforming 78.70% of the companies in the same industry.
In the last couple of years the Gross Margin of NVMI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.09% | ||
| PM (TTM) | 28.01% | ||
| GM | 57.39% |
OM growth 3Y7.36%
OM growth 5Y1.2%
PM growth 3Y13.97%
PM growth 5Y3.97%
GM growth 3Y0.29%
GM growth 5Y-0.43%
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.
The number of shares outstanding for NVMI has been increased compared to 1 year ago.
The number of shares outstanding for NVMI has been increased compared to 5 years ago.
Compared to 1 year ago, NVMI has an improved debt to assets ratio.
2.2 Solvency
There is no outstanding debt for NVMI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 1.11 | ||
| Altman-Z | N/A |
ROIC/WACC1.04
WACC14.51%
2.3 Liquidity
NVMI has a Current Ratio of 2.44. This indicates that NVMI is financially healthy and has no problem in meeting its short term obligations.
NVMI has a Current ratio (2.44) which is in line with its industry peers.
A Quick Ratio of 2.00 indicates that NVMI should not have too much problems paying its short term obligations.
With a Quick ratio value of 2.00, NVMI perfoms like the industry average, outperforming 48.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.44 | ||
| Quick Ratio | 2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 27.08% over the past year.
The Earnings Per Share has been growing by 18.26% on average over the past years. This is quite good.
Looking at the last year, NVMI shows a quite strong growth in Revenue. The Revenue has grown by 14.39% in the last year.
Measured over the past years, NVMI shows a quite strong growth in Revenue. The Revenue has been growing by 15.58% on average per year.
EPS 1Y (TTM)27.08%
EPS 3Y33.09%
EPS 5Y18.26%
EPS Q2Q%41.46%
Revenue 1Y (TTM)14.39%
Revenue growth 3Y24.34%
Revenue growth 5Y15.58%
Sales Q2Q%38.95%
3.2 Future
The Earnings Per Share is expected to grow by 13.03% on average over the next years. This is quite good.
NVMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.50% yearly.
EPS Next Y35.38%
EPS Next 2Y23.61%
EPS Next 3Y18.8%
EPS Next 5Y13.03%
Revenue Next Year28.33%
Revenue Next 2Y22.6%
Revenue Next 3Y18.14%
Revenue Next 5Y14.5%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 29.05 indicates a quite expensive valuation of NVMI.
Based on the Price/Earnings ratio, NVMI is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
NVMI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.65.
A Price/Forward Earnings ratio of 23.77 indicates a rather expensive valuation of NVMI.
NVMI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NVMI is cheaper than 62.96% of the companies in the same industry.
NVMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.50.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.05 | ||
| Fwd PE | 23.77 |
4.2 Price Multiples
66.67% of the companies in the same industry are more expensive than NVMI, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NVMI indicates a somewhat cheap valuation: NVMI is cheaper than 76.85% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.62 | ||
| EV/EBITDA | 23.69 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of NVMI may justify a higher PE ratio.
NVMI's earnings are expected to grow with 18.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.82
PEG (5Y)1.59
EPS Next 2Y23.61%
EPS Next 3Y18.8%
5. Dividend
5.1 Amount
No dividends for NVMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NOVA LTD
NASDAQ:NVMI (11/18/2024, 8:00:01 PM)
After market: 177.21 0 (0%)177.21
-1.46 (-0.82%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.14B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.05 | ||
| Fwd PE | 23.77 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.82
PEG (5Y)1.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.85% | ||
| ROE | 18.89% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 27.09% | ||
| PM (TTM) | 28.01% | ||
| GM | 57.39% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.44 | ||
| Quick Ratio | 2 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)27.08%
EPS 3Y33.09%
EPS 5Y
EPS Q2Q%
EPS Next Y35.38%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.39%
Revenue growth 3Y24.34%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y