298.05 USD
+17.63 (+6.29%)
295.62 USD
-2.43 (-0.82%)
Overall NVMI gets a fundamental rating of 6 out of 10. We evaluated NVMI against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. NVMI scores excellent on profitability, but there are some minor concerns on its financial health. NVMI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, NVMI could be worth investigating further 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.
In the past 5 years NVMI has always been profitable.
NVMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 10.62%, NVMI belongs to the best of the industry, outperforming 83.04% of the companies in the same industry.
NVMI's Return On Equity of 20.93% is amongst the best of the industry. NVMI outperforms 88.39% of its industry peers.
NVMI has a better Return On Invested Capital (10.78%) than 83.04% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NVMI is above the industry average of 10.75%.
The last Return On Invested Capital (10.78%) for NVMI is well below the 3 year average (15.19%), which needs to be investigated, but indicates that NVMI had better years and this may not be a problem.
| 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
With an excellent Profit Margin value of 28.73%, NVMI belongs to the best of the industry, outperforming 90.18% of the companies in the same industry.
In the last couple of years the Profit Margin of NVMI has grown nicely.
With an excellent Operating Margin value of 29.11%, NVMI belongs to the best 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.
NVMI's Gross Margin has been stable in the last couple of years.
| 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
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
Compared to 5 years ago, NVMI has more shares outstanding
The debt/assets ratio for NVMI has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of NVMI is 3.57, which is a good value as it means it would take NVMI, 3.57 years of fcf income to pay off all of its debts.
NVMI's Debt to FCF ratio of 3.57 is fine compared to the rest of the industry. NVMI outperforms 62.50% of its industry peers.
NVMI has a Debt/Equity ratio of 0.62. This is a neutral value indicating NVMI is somewhat dependend on debt financing.
The Debt to Equity ratio of NVMI (0.62) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 3.57 | ||
| Altman-Z | N/A |
ROIC/WACC0.94
WACC11.45%
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.
With a decent Current ratio value of 4.58, NVMI is doing good in the industry, outperforming 68.75% of the companies in the same industry.
A Quick Ratio of 4.00 indicates that NVMI has no problem at all paying its short term obligations.
With a decent Quick ratio value of 4.00, NVMI is doing good in the industry, outperforming 74.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.58 | ||
| Quick Ratio | 4 |
3. Growth
3.1 Past
NVMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 39.02%, which is quite impressive.
The Earnings Per Share has been growing by 33.09% on average over the past years. This is a very strong growth
Looking at the last year, NVMI shows a very strong growth in Revenue. The Revenue has grown by 39.37%.
Measured over the past years, NVMI shows a very strong growth in Revenue. The Revenue has been growing by 24.49% on average per year.
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
NVMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.41% yearly.
NVMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.26% yearly.
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 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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 35.15, the valuation of NVMI can be described as expensive.
67.86% of the companies in the same industry are more expensive than NVMI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of NVMI to the average of the S&P500 Index (25.65), we can say NVMI is valued slightly more expensively.
The Price/Forward Earnings ratio is 31.31, which means the current valuation is very expensive for NVMI.
NVMI's Price/Forward Earnings is on the same level as the industry average.
NVMI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.45, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.15 | ||
| Fwd PE | 31.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NVMI indicates a somewhat cheap valuation: NVMI is cheaper than 64.29% of the companies listed in the same industry.
NVMI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NVMI is cheaper than 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.43 | ||
| EV/EBITDA | 29.8 |
4.3 Compensation for Growth
NVMI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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 15.78% in the coming years.
PEG (NY)1.12
PEG (5Y)1.06
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 |
298.05
+17.63 (+6.29%)
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 Cap8.84B
Revenue(TTM)852.72M
Net Income(TTM)245.02M
Analysts84.29
Price Target355.46 (19.26%)
Short Float %4.49%
Short Ratio3.4
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)2.4%
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 | 35.15 | ||
| Fwd PE | 31.31 | ||
| P/S | 10.36 | ||
| P/FCF | 38.43 | ||
| P/OCF | 34.79 | ||
| P/B | 7.55 | ||
| P/tB | 8.56 | ||
| EV/EBITDA | 29.8 |
EPS(TTM)8.48
EY2.85%
EPS(NY)9.52
Fwd EY3.19%
FCF(TTM)7.76
FCFY2.6%
OCF(TTM)8.57
OCFY2.87%
SpS28.76
BVpS39.49
TBVpS34.8
PEG (NY)1.12
PEG (5Y)1.06
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
WACC11.45%
ROIC/WACC0.94
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 5Y16.26%
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 6 / 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.