320.54 USD
-2.02 (-0.63%)
320.54 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. NVMI has an excellent profitability rating, but 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 would make NVMI suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year NVMI was profitable.
NVMI had a positive operating cash flow in the past year.
Each year in the past 5 years NVMI has been profitable.
Each year in the past 5 years NVMI had a positive operating cash flow.
1.2 Ratios
NVMI has a Return On Assets of 10.62%. This is amongst the best in the industry. NVMI outperforms 83.04% of its industry peers.
With an excellent Return On Equity value of 20.93%, NVMI belongs to the best of the industry, outperforming 88.39% of the companies in the same industry.
With an excellent Return On Invested Capital value of 10.78%, NVMI belongs to the best of the industry, outperforming 83.04% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NVMI is above the industry average of 10.77%.
The 3 year average ROIC (15.19%) for NVMI is well above the current ROIC(10.78%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.62% | ||
| ROE | 20.93% | ||
| ROIC | 10.78% |
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's Profit Margin of 28.73% is amongst the best of the industry. NVMI outperforms 90.18% of its industry peers.
In the last couple of years the Profit Margin of NVMI has grown nicely.
Looking at the Operating Margin, with a value of 29.11%, NVMI belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
NVMI's Operating Margin has improved in the last couple of years.
NVMI has a Gross Margin of 57.10%. This is amongst the best in the industry. NVMI outperforms 81.25% of its industry peers.
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 | 29.11% | ||
| PM (TTM) | 28.73% | ||
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NVMI is still creating some value.
The number of shares outstanding for NVMI has been increased compared to 1 year ago.
Compared to 5 years ago, NVMI has more shares outstanding
Compared to 1 year ago, NVMI has an improved debt to assets ratio.
2.2 Solvency
NVMI has a debt to FCF ratio of 3.57. This is a good value and a sign of high solvency as NVMI would need 3.57 years to pay back of all of its debts.
NVMI has a Debt to FCF ratio of 3.57. This is in the better half of the industry: NVMI outperforms 61.61% of its industry peers.
A Debt/Equity ratio of 0.62 indicates that NVMI is somewhat dependend on debt financing.
NVMI has a worse Debt to Equity ratio (0.62) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 3.57 | ||
| Altman-Z | N/A |
ROIC/WACC0.92
WACC11.68%
2.3 Liquidity
NVMI has a Current Ratio of 4.58. This indicates that NVMI is financially healthy and has no problem in meeting its short term obligations.
NVMI's Current ratio of 4.58 is fine compared to the rest of the industry. NVMI outperforms 68.75% of its industry peers.
NVMI has a Quick Ratio of 4.00. This indicates that NVMI is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 4.00, NVMI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.58 | ||
| Quick Ratio | 4 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 39.02% over the past year.
NVMI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.09% yearly.
NVMI shows a strong growth in Revenue. In the last year, the Revenue has grown by 39.37%.
NVMI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.49% yearly.
EPS 1Y (TTM)39.02%
EPS 3Y20.27%
EPS 5Y33.09%
EPS Q2Q%24.14%
Revenue 1Y (TTM)39.37%
Revenue growth 3Y17.35%
Revenue growth 5Y24.49%
Sales Q2Q%25.5%
3.2 Future
The Earnings Per Share is expected to grow by 16.41% on average over the next years. This is quite good.
The Revenue is expected to grow by 20.65% on average over the next years. This is a very strong growth
EPS Next Y31.25%
EPS Next 2Y19.37%
EPS Next 3Y15.78%
EPS Next 5Y16.41%
Revenue Next Year31.35%
Revenue Next 2Y18.8%
Revenue Next 3Y16.78%
Revenue Next 5Y20.65%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 37.80, NVMI can be considered very expensive at the moment.
66.96% of the companies in the same industry are more expensive than NVMI, based on the Price/Earnings ratio.
NVMI's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.37.
Based on the Price/Forward Earnings ratio of 33.67, the valuation of NVMI can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NVMI is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.20, NVMI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.8 | ||
| Fwd PE | 33.67 |
4.2 Price Multiples
NVMI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NVMI is cheaper than 63.39% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NVMI is valued a bit cheaper than the industry average as 70.54% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.33 | ||
| EV/EBITDA | 32.51 |
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 15.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.21
PEG (5Y)1.14
EPS Next 2Y19.37%
EPS Next 3Y15.78%
5. Dividend
5.1 Amount
No dividends for NVMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
320.54
-2.02 (-0.63%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners77.19%
Inst Owner Change110.36%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.50B
Revenue(TTM)852.72M
Net Income(TTM)245.02M
Analysts84.29
Price Target355.46 (10.89%)
Short Float %4.36%
Short Ratio3.87
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)1
Avg EPS beat(2)1.56%
Min EPS beat(2)-1.51%
Max EPS beat(2)4.63%
EPS beat(4)3
Avg EPS beat(4)2.71%
Min EPS beat(4)-1.51%
Max EPS beat(4)4.63%
EPS beat(8)7
Avg EPS beat(8)5.48%
EPS beat(12)11
Avg EPS beat(12)6.12%
EPS beat(16)15
Avg EPS beat(16)6.42%
Revenue beat(2)1
Avg Revenue beat(2)-0.28%
Min Revenue beat(2)-0.89%
Max Revenue beat(2)0.34%
Revenue beat(4)2
Avg Revenue beat(4)0.35%
Min Revenue beat(4)-0.89%
Max Revenue beat(4)2.39%
Revenue beat(8)6
Avg Revenue beat(8)1.47%
Revenue beat(12)8
Avg Revenue beat(12)1.09%
Revenue beat(16)11
Avg Revenue beat(16)1.16%
PT rev (1m)19.91%
PT rev (3m)21.09%
EPS NQ rev (1m)2.47%
EPS NQ rev (3m)2.47%
EPS NY rev (1m)0.04%
EPS NY rev (3m)0.41%
Revenue NQ rev (1m)1.56%
Revenue NQ rev (3m)1.56%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.8 | ||
| Fwd PE | 33.67 | ||
| P/S | 11.15 | ||
| P/FCF | 41.33 | ||
| P/OCF | 37.42 | ||
| P/B | 8.12 | ||
| P/tB | 9.21 | ||
| EV/EBITDA | 32.51 |
EPS(TTM)8.48
EY2.65%
EPS(NY)9.52
Fwd EY2.97%
FCF(TTM)7.76
FCFY2.42%
OCF(TTM)8.57
OCFY2.67%
SpS28.76
BVpS39.49
TBVpS34.8
PEG (NY)1.21
PEG (5Y)1.14
Graham Number86.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.62% | ||
| ROE | 20.93% | ||
| ROCE | 12.46% | ||
| ROIC | 10.78% | ||
| ROICexc | 23.76% | ||
| ROICexgc | 28.08% | ||
| OM | 29.11% | ||
| PM (TTM) | 28.73% | ||
| GM | 57.1% | ||
| FCFM | 26.97% |
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%
ROICexgc growth 3Y-25.15%
ROICexgc 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-Score5
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 3.57 | ||
| Debt/EBITDA | 2.72 | ||
| Cap/Depr | 118.17% | ||
| Cap/Sales | 2.82% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.58% | ||
| Profit Quality | 93.85% | ||
| Current Ratio | 4.58 | ||
| Quick Ratio | 4 | ||
| Altman-Z | N/A |
F-Score5
WACC11.68%
ROIC/WACC0.92
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)39.02%
EPS 3Y20.27%
EPS 5Y33.09%
EPS Q2Q%24.14%
EPS Next Y31.25%
EPS Next 2Y19.37%
EPS Next 3Y15.78%
EPS Next 5Y16.41%
Revenue 1Y (TTM)39.37%
Revenue growth 3Y17.35%
Revenue growth 5Y24.49%
Sales Q2Q%25.5%
Revenue Next Year31.35%
Revenue Next 2Y18.8%
Revenue Next 3Y16.78%
Revenue Next 5Y20.65%
EBIT growth 1Y49.76%
EBIT growth 3Y18.61%
EBIT growth 5Y38.8%
EBIT Next Year43.75%
EBIT Next 3Y20.51%
EBIT Next 5YN/A
FCF growth 1Y83.23%
FCF growth 3Y19.59%
FCF growth 5Y62.24%
OCF growth 1Y77.01%
OCF growth 3Y21.15%
OCF growth 5Y42.03%
NOVA LTD / NVMI FAQ
What is the ChartMill fundamental rating of NOVA LTD (NVMI) stock?
ChartMill assigns a fundamental rating of 7 / 10 to NVMI.
What is the valuation status of NOVA LTD (NVMI) stock?
ChartMill assigns a valuation rating of 4 / 10 to NOVA LTD (NVMI). This can be considered as Fairly Valued.
How profitable is NOVA LTD (NVMI) stock?
NOVA LTD (NVMI) has a profitability rating of 9 / 10.
How financially healthy is NOVA LTD?
The financial health rating of NOVA LTD (NVMI) is 5 / 10.