NOVA LTD (NVMI)
IL0010845571 - Common Stock
Taking everything into account, NVMI scores 7 out of 10 in our fundamental rating. NVMI was compared to 108 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 not overvalued while it is showing excellent growth. This is an interesting 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.
NVMI had a positive operating cash flow in the past year.
NVMI had positive earnings in each of the past 5 years.
NVMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NVMI has a better Return On Assets (12.85%) than 81.48% of its industry peers.
NVMI has a Return On Equity of 18.89%. This is amongst the best in the industry. NVMI outperforms 83.33% of its industry peers.
NVMI has a better Return On Invested Capital (15.15%) 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 11.24%.
| 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's Profit Margin of 28.01% is amongst the best of the industry. NVMI outperforms 89.81% of its industry peers.
NVMI's Profit Margin has improved in the last couple of years.
NVMI has a better Operating Margin (27.09%) than 87.04% of its industry peers.
In the last couple of years the Operating Margin of NVMI has remained more or less at the same level.
The Gross Margin of NVMI (57.39%) is better than 80.56% of its industry peers.
NVMI's Gross Margin has been stable in the last couple of years.
| 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.
The debt/assets ratio for NVMI has been reduced compared to a year ago.
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/WACC1.06
WACC14.35%
2.3 Liquidity
A Current Ratio of 2.44 indicates that NVMI has no problem at all paying its short term obligations.
With a Current ratio value of 2.44, NVMI perfoms like the industry average, outperforming 42.59% of the companies in the same industry.
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 50.00% 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.
Measured over the past years, NVMI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.26% on average per year.
Looking at the last year, NVMI shows a quite strong growth in Revenue. The Revenue has grown by 14.39% in the last year.
NVMI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.58% yearly.
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 19.05% on average over the next years. This is quite good.
Based on estimates for the next years, NVMI will show a quite strong growth in Revenue. The Revenue will grow by 18.60% on average per year.
EPS Next Y37.02%
EPS Next 2Y25.83%
EPS Next 3Y20.23%
EPS Next 5Y19.05%
Revenue Next Year29.78%
Revenue Next 2Y23.97%
Revenue Next 3Y18.03%
Revenue Next 5Y18.6%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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
NVMI is valuated quite expensively with a Price/Earnings ratio of 31.73.
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.
When comparing the Price/Earnings ratio of NVMI to the average of the S&P500 Index (27.73), we can say NVMI is valued inline with the index average.
A Price/Forward Earnings ratio of 25.05 indicates a quite expensive valuation of NVMI.
66.67% of the companies in the same industry are more expensive than NVMI, based on the Price/Forward Earnings ratio.
NVMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.73 | ||
| Fwd PE | 25.05 |
4.2 Price Multiples
65.74% 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 | 31.25 | ||
| EV/EBITDA | 26.26 |
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.
NVMI has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as NVMI's earnings are expected to grow with 20.23% in the coming years.
PEG (NY)0.86
PEG (5Y)1.74
EPS Next 2Y25.83%
EPS Next 3Y20.23%
5. Dividend
5.1 Amount
No dividends for NVMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NOVA LTD
NASDAQ:NVMI (12/20/2024, 8:00:01 PM)
After market: 193.53 0 (0%)193.53
-1.35 (-0.69%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners80.73%
Inst Owner Change3.33%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.62B
Analysts81.67
Price Target248.06 (28.18%)
Short Float %3.94%
Short Ratio5.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)9.04%
Min EPS beat(2)1.68%
Max EPS beat(2)16.4%
EPS beat(4)4
Avg EPS beat(4)8.24%
Min EPS beat(4)1.68%
Max EPS beat(4)16.4%
EPS beat(8)8
Avg EPS beat(8)7.82%
EPS beat(12)12
Avg EPS beat(12)7.65%
EPS beat(16)16
Avg EPS beat(16)9.5%
Revenue beat(2)2
Avg Revenue beat(2)2.97%
Min Revenue beat(2)2.11%
Max Revenue beat(2)3.82%
Revenue beat(4)4
Avg Revenue beat(4)2.59%
Min Revenue beat(4)1.65%
Max Revenue beat(4)3.82%
Revenue beat(8)6
Avg Revenue beat(8)1.47%
Revenue beat(12)9
Avg Revenue beat(12)1.43%
Revenue beat(16)13
Avg Revenue beat(16)2.71%
PT rev (1m)1.42%
PT rev (3m)-5.22%
EPS NQ rev (1m)2.73%
EPS NQ rev (3m)26.04%
EPS NY rev (1m)1.21%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)2.12%
Revenue NQ rev (3m)17.98%
Revenue NY rev (1m)1.13%
Revenue NY rev (3m)2.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.73 | ||
| Fwd PE | 25.05 | ||
| P/S | 9.18 | ||
| P/FCF | 31.25 | ||
| P/OCF | 28.6 | ||
| P/B | 6.19 | ||
| P/tB | 6.83 | ||
| EV/EBITDA | 26.26 |
EPS(TTM)6.1
EY3.15%
EPS(NY)7.73
Fwd EY3.99%
FCF(TTM)6.19
FCFY3.2%
OCF(TTM)6.77
OCFY3.5%
SpS21.08
BVpS31.27
TBVpS28.32
PEG (NY)0.86
PEG (5Y)1.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.85% | ||
| ROE | 18.89% | ||
| ROCE | 17.16% | ||
| ROIC | 15.15% | ||
| ROICexc | 40.12% | ||
| ROICexgc | 52.42% | ||
| OM | 27.09% | ||
| PM (TTM) | 28.01% | ||
| GM | 57.39% | ||
| FCFM | 29.37% |
ROA(3y)12.61%
ROA(5y)10.79%
ROE(3y)20.56%
ROE(5y)17.16%
ROIC(3y)16.39%
ROIC(5y)13.3%
ROICexc(3y)50.75%
ROICexc(5y)40.02%
ROICexgc(3y)64.7%
ROICexgc(5y)50.14%
ROCE(3y)18.56%
ROCE(5y)15.06%
ROICexcg growth 3Y7.65%
ROICexcg growth 5Y-9.03%
ROICexc growth 3Y3.46%
ROICexc growth 5Y-8.19%
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%
F-Score7
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 1.11 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 96.52% | ||
| Cap/Sales | 2.73% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 107.3% | ||
| Profit Quality | 104.87% | ||
| Current Ratio | 2.44 | ||
| Quick Ratio | 2 | ||
| Altman-Z | N/A |
F-Score7
WACC14.35%
ROIC/WACC1.06
Cap/Depr(3y)101.77%
Cap/Depr(5y)129.55%
Cap/Sales(3y)2.73%
Cap/Sales(5y)4.01%
Profit Quality(3y)95%
Profit Quality(5y)90.53%
High Growth Momentum
Growth
EPS 1Y (TTM)27.08%
EPS 3Y33.09%
EPS 5Y18.26%
EPS Q2Q%41.46%
EPS Next Y37.02%
EPS Next 2Y25.83%
EPS Next 3Y20.23%
EPS Next 5Y19.05%
Revenue 1Y (TTM)14.39%
Revenue growth 3Y24.34%
Revenue growth 5Y15.58%
Sales Q2Q%38.95%
Revenue Next Year29.78%
Revenue Next 2Y23.97%
Revenue Next 3Y18.03%
Revenue Next 5Y18.6%
EBIT growth 1Y22.4%
EBIT growth 3Y33.49%
EBIT growth 5Y16.97%
EBIT Next Year42.22%
EBIT Next 3Y20.77%
EBIT Next 5YN/A
FCF growth 1Y139.27%
FCF growth 3Y25.42%
FCF growth 5Y26.06%
OCF growth 1Y117.71%
OCF growth 3Y27%
OCF growth 5Y27.2%