Nova Stock Fundamentals
| NVMI Stock | USD 179.76 0.04 0.02% |
Nova fundamentals help investors to digest information that contributes to Nova's financial success or failures. It also enables traders to predict the movement of Nova Stock. The fundamental analysis module provides a way to measure Nova's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nova stock.
Nova |
Nova Company Return On Equity Analysis
Nova's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nova Return On Equity | 0.21 |
Most of Nova's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nova is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Nova has a Return On Equity of 0.2131. This is 101.77% lower than that of the Semiconductors & Semiconductor Equipment sector and 103.35% lower than that of the Information Technology industry. The return on equity for all United States stocks is 168.74% lower than that of the firm.
Nova Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova's current stock value. Our valuation model uses many indicators to compare Nova value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova competition to find correlations between indicators driving Nova's intrinsic value. More Info.Nova is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers reporting about 0.40 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Nova is roughly 2.49 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova's earnings, one of the primary drivers of an investment's value.Nova Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nova's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nova could also be used in its relative valuation, which is a method of valuing Nova by comparing valuation metrics of similar companies.Nova is currently under evaluation in return on equity category among its peers.
Nova Fundamentals
| Return On Equity | 0.21 | ||||
| Return On Asset | 0.0857 | ||||
| Profit Margin | 0.28 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 4.86 B | ||||
| Shares Outstanding | 29.05 M | ||||
| Shares Owned By Institutions | 82.53 % | ||||
| Number Of Shares Shorted | 1.22 M | ||||
| Price To Earning | 51.86 X | ||||
| Price To Book | 5.75 X | ||||
| Price To Sales | 8.53 X | ||||
| Revenue | 517.92 M | ||||
| Gross Profit | 316.97 M | ||||
| EBITDA | 148.46 M | ||||
| Net Income | 136.31 M | ||||
| Cash And Equivalents | 364.31 M | ||||
| Cash Per Share | 12.70 X | ||||
| Total Debt | 244.14 M | ||||
| Debt To Equity | 0.47 % | ||||
| Current Ratio | 4.98 X | ||||
| Book Value Per Share | 31.18 X | ||||
| Cash Flow From Operations | 123.53 M | ||||
| Short Ratio | 5.91 X | ||||
| Earnings Per Share | 5.34 X | ||||
| Target Price | 243.2 | ||||
| Number Of Employees | 1.2 K | ||||
| Beta | 1.47 | ||||
| Market Capitalization | 5.22 B | ||||
| Total Asset | 1.13 B | ||||
| Retained Earnings | 614.38 M | ||||
| Working Capital | 387.41 M | ||||
| Current Asset | 149.98 M | ||||
| Current Liabilities | 37.16 M | ||||
| Net Asset | 1.13 B |
About Nova Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nova's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nova using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nova based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. The company was incorporated in 1993 and is headquartered in Rehovot, Israel. Nova operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 819 people.
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When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:Check out Nova Piotroski F Score and Nova Altman Z Score analysis. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nova is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova's value that differs from its market value or its book value, called intrinsic value, which is Nova's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova's market value can be influenced by many factors that don't directly affect Nova's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.