322.83 USD
+10.05 (+3.21%)
322.83 USD
0 (0%)
Overall NVMI gets a fundamental rating of 7 out of 10. We evaluated NVMI against 113 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
In the past year NVMI was profitable.
In the past year NVMI had a positive cash flow from operations.
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 Return On Assets of 10.62%. This is amongst the best in the industry. NVMI outperforms 80.53% of its industry peers.
With an excellent Return On Equity value of 20.93%, NVMI belongs to the best of the industry, outperforming 87.61% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.78%, NVMI belongs to the top of the industry, outperforming 83.19% 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 10.77%.
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
The Profit Margin of NVMI (28.73%) is better than 87.61% of its industry peers.
NVMI's Profit Margin has improved in the last couple of years.
The Operating Margin of NVMI (29.11%) is better than 88.50% of its industry peers.
NVMI's Operating Margin has improved in the last couple of years.
NVMI's Gross Margin of 57.10% is amongst the best of the industry. NVMI outperforms 80.53% 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.
NVMI has more shares outstanding than it did 1 year ago.
NVMI has more shares outstanding than it did 5 years ago.
NVMI has a better debt/assets ratio than last year.
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.
The Debt to FCF ratio of NVMI (3.57) is better than 61.95% 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.
NVMI has a worse Debt to Equity ratio (0.62) than 72.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 3.57 | ||
| Altman-Z | N/A |
ROIC/WACC0.92
WACC11.77%
2.3 Liquidity
A Current Ratio of 4.58 indicates that NVMI has no problem at all paying its short term obligations.
The Current ratio of NVMI (4.58) is better than 69.03% of its industry peers.
A Quick Ratio of 4.00 indicates that NVMI has no problem at all paying its short term obligations.
NVMI has a better Quick ratio (4.00) than 74.34% of its industry peers.
| 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.
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
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.
NVMI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.65% yearly.
EPS Next Y32.48%
EPS Next 2Y21.13%
EPS Next 3Y17.07%
EPS Next 5Y16.41%
Revenue Next Year32.27%
Revenue Next 2Y20.44%
Revenue Next 3Y17.89%
Revenue Next 5Y20.65%
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 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 38.07, NVMI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, NVMI is valued a bit cheaper than the industry average as 66.37% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.39. NVMI is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 32.94, 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.
The average S&P500 Price/Forward Earnings ratio is at 23.84. NVMI is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.07 | ||
| Fwd PE | 32.94 |
4.2 Price Multiples
NVMI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NVMI is cheaper than 61.95% of the companies in the same industry.
NVMI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NVMI is cheaper than 73.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.62 | ||
| EV/EBITDA | 32.54 |
4.3 Compensation for Growth
The 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.
NVMI's earnings are expected to grow with 17.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.17
PEG (5Y)1.15
EPS Next 2Y21.13%
EPS Next 3Y17.07%
5. Dividend
5.1 Amount
No dividends for NVMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
322.83
+10.05 (+3.21%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners77.85%
Inst Owner Change111.51%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap9.57B
Revenue(TTM)852.72M
Net Income(TTM)245.02M
Analysts84.29
Price Target358.21 (10.96%)
Short Float %4.5%
Short Ratio3.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)13.05%
PT rev (3m)22.03%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)1.71%
EPS NY rev (1m)0.94%
EPS NY rev (3m)1.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.33%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.07 | ||
| Fwd PE | 32.94 | ||
| P/S | 11.23 | ||
| P/FCF | 41.62 | ||
| P/OCF | 37.68 | ||
| P/B | 8.18 | ||
| P/tB | 9.28 | ||
| EV/EBITDA | 32.54 |
EPS(TTM)8.48
EY2.63%
EPS(NY)9.8
Fwd EY3.04%
FCF(TTM)7.76
FCFY2.4%
OCF(TTM)8.57
OCFY2.65%
SpS28.76
BVpS39.49
TBVpS34.8
PEG (NY)1.17
PEG (5Y)1.15
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
WACC11.77%
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 Y32.48%
EPS Next 2Y21.13%
EPS Next 3Y17.07%
EPS Next 5Y16.41%
Revenue 1Y (TTM)39.37%
Revenue growth 3Y17.35%
Revenue growth 5Y24.49%
Sales Q2Q%25.5%
Revenue Next Year32.27%
Revenue Next 2Y20.44%
Revenue Next 3Y17.89%
Revenue Next 5Y20.65%
EBIT growth 1Y49.76%
EBIT growth 3Y18.61%
EBIT growth 5Y38.8%
EBIT Next Year45.44%
EBIT Next 3Y23.85%
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.