NasdaqGS:NVMI

Stock Analysis Report

Executive Summary

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Nova Measuring Instruments's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.9%

NasdaqGS:NVMI

2.0%

US Semiconductor

1.3%

US Market


1 Year Return

20.1%

NasdaqGS:NVMI

11.1%

US Semiconductor

2.0%

US Market

NVMI outperformed the Semiconductor industry which returned 10.9% over the past year.

NVMI outperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

NVMIIndustryMarket
7 Day7.9%2.0%1.3%
30 Day12.1%8.4%3.9%
90 Day24.0%16.8%3.4%
1 Year20.1%20.1%13.2%11.1%4.2%2.0%
3 Year168.7%168.7%84.0%73.2%47.2%37.6%
5 Year181.5%181.5%123.1%100.5%60.5%42.9%

Price Volatility Vs. Market

How volatile is Nova Measuring Instruments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nova Measuring Instruments undervalued based on future cash flows and its price relative to the stock market?

20.88x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Nova Measuring Instruments's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Nova Measuring Instruments's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Nova Measuring Instruments is good value based on earnings compared to the US Semiconductor industry average.

Nova Measuring Instruments is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Nova Measuring Instruments is good value based on expected growth next year.


Price Based on Value of Assets

Nova Measuring Instruments is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Nova Measuring Instruments expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Nova Measuring Instruments's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).

Nova Measuring Instruments's earnings are expected to grow significantly at over 20% yearly.

Nova Measuring Instruments's revenue growth is expected to exceed the United States of America market average.

Nova Measuring Instruments's earnings growth is expected to exceed the United States of America market average.

Nova Measuring Instruments's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Nova Measuring Instruments is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Nova Measuring Instruments performed over the past 5 years?

30.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Nova Measuring Instruments has delivered over 20% year on year earnings growth in the past 5 years.

Nova Measuring Instruments's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Nova Measuring Instruments's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

Nova Measuring Instruments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Nova Measuring Instruments used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Nova Measuring Instruments has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Nova Measuring Instruments's financial position?


Financial Position Analysis

Nova Measuring Instruments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Nova Measuring Instruments's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Nova Measuring Instruments has no debt.

Nova Measuring Instruments has not taken on any debt in the past 5 years.

Nova Measuring Instruments has no debt, it does not need to be covered by operating cash flow.

Nova Measuring Instruments has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Nova Measuring Instruments has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Nova Measuring Instruments's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Nova Measuring Instruments's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Nova Measuring Instruments's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Nova Measuring Instruments has not reported any payouts.

Unable to verify if Nova Measuring Instruments's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Nova Measuring Instruments has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Nova Measuring Instruments's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average management tenure


CEO

Eitan Oppenhaim (53yo)

6.2yrs

Tenure

US$1,836,306

Compensation

Mr. Eitan Oppenhaim has been the Chief Executive Officer and President of Nova Measuring Instruments Ltd. since July 31, 2013. Mr. Oppenhaim served as Executive Vice President of Global Business Group at N ...


CEO Compensation Analysis

Insufficient data for Eitan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Eitan's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

4.9yrs

Average Tenure

51yo

Average Age

The tenure for the Nova Measuring Instruments management team is about average.


Board Age and Tenure

5.3yrs

Average Tenure

64yo

Average Age

The tenure for the Nova Measuring Instruments board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Shay Wolfling (47yo)

    Chief Technology Officer

    • Tenure: 8.7yrs
    • Compensation: US$607.71k
  • Dror David (50yo)

    Chief Financial Officer

    • Tenure: 13.8yrs
    • Compensation: US$628.90k
  • Gabi Sharon (57yo)

    Corporate Vice President of Operations

    • Tenure: 13yrs
    • Compensation: US$456.55k
  • Dov Farkash (59yo)

    Corporate Executive Vice President of Strategic Development

    • Tenure: 2.1yrs
    • Compensation: US$405.81k
  • Gaby Waisman (48yo)

    Chief Business Officer

    • Tenure: 3.7yrs
    • Compensation: US$523.58k
  • Eitan Oppenhaim (53yo)

    President & CEO

    • Tenure: 6.2yrs
    • Compensation: US$1.84m
  • Zohar Gil (52yo)

    Corporate Vice President of Marketing & Business Development

    • Tenure: 3.5yrs
  • Sharon Dayan (46yo)

    Corporate Vice President of Human Resources

    • Tenure: 1.7yrs

Board Members

  • Ronnie Kenneth (63yo)

    Director

    • Tenure: 1.8yrs
  • Dafna Gruber (54yo)

    Director

    • Tenure: 4.4yrs
  • Eli Fruchter (64yo)

    Independent Director

    • Tenure: 3.1yrs
  • Micha Brunstein (76yo)

    Chairman of the Board

    • Tenure: 13.3yrs
    • Compensation: US$249.54k
  • Rani Cohen (64yo)

    Independent Director

    • Tenure: 5.6yrs
  • Zehava Simon (60yo)

    Director

    • Tenure: 5.3yrs
  • Avi Cohen (65yo)

    Independent Director

    • Tenure: 11.6yrs

Company Information

Nova Measuring Instruments Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nova Measuring Instruments Ltd.
  • Ticker: NVMI
  • Exchange: NasdaqGS
  • Founded: 1993
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$890.407m
  • Shares outstanding: 27.97m
  • Website: https://www.novami.com

Number of Employees


Location

  • Nova Measuring Instruments Ltd.
  • Building 22
  • Weizmann Science Park
  • Rehovot
  • 7610201
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NVMINasdaqGS (Nasdaq Global Select)YesOrdinary SharesUSUSDApr 2000
NVMITASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSApr 2000
NMRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2000
0YAALSE (London Stock Exchange)YesOrdinary SharesGBILSApr 2000

Biography

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. Its product portfolio includes integrated and stand-alone ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 23:44
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.