Nova Measuring Instruments
Market Cap
US$2.7b
Last Updated
2021/04/11 23:18 UTC
Data Sources
Company Financials +
Executive Summary
Nova Measuring Instruments 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record 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
Stable Share Price: NVMI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NVMI's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
NVMI
2.0%
US Semiconductor
2.1%
US Market
1 Year Return
172.9%
NVMI
91.7%
US Semiconductor
56.3%
US Market
Return vs Industry: NVMI exceeded the US Semiconductor industry which returned 91.7% over the past year.
Return vs Market: NVMI exceeded the US Market which returned 56.3% over the past year.
Shareholder returns
| NVMI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 2.0% | 2.1% |
| 30 Day | 15.8% | 9.8% | 2.4% |
| 90 Day | 24.5% | 9.4% | 6.8% |
| 1 Year | 172.9%172.9% | 94.7%91.7% | 59.1%56.3% |
| 3 Year | 238.1%238.1% | 124.9%113.3% | 65.7%55.1% |
| 5 Year | 813.2%813.2% | 345.9%302.8% | 122.3%97.7% |
Long-Term 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
5 days ago | Simply Wall St
Are Robust Financials Driving The Recent Rally In Nova Measuring Instruments Ltd.'s (NASDAQ:NVMI) Stock?2 weeks ago | Simply Wall St
Should You Think About Buying Nova Measuring Instruments Ltd. (NASDAQ:NVMI) Now?1 month ago | Simply Wall St
Is Nova Measuring Instruments (NASDAQ:NVMI) Using Too Much Debt?Valuation
Is Nova Measuring Instruments undervalued compared to its fair value and its price relative to the market?
56.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NVMI ($96.89) is trading above our estimate of fair value ($41.83)
Significantly Below Fair Value: NVMI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NVMI is poor value based on its PE Ratio (56.8x) compared to the US Semiconductor industry average (40.7x).
PE vs Market: NVMI is poor value based on its PE Ratio (56.8x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: NVMI is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: NVMI is overvalued based on its PB Ratio (7.3x) compared to the US Semiconductor industry average (5.3x).
Future Growth
How is Nova Measuring Instruments forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
21.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NVMI's forecast earnings growth (21.4% per year) is above the savings rate (2%).
Earnings vs Market: NVMI's earnings (21.4% per year) are forecast to grow faster than the US market (18.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NVMI's revenue (12.7% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: NVMI's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NVMI's Return on Equity is forecast to be low in 3 years time (17.7%).
Past Performance
How has Nova Measuring Instruments performed over the past 5 years?
19.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NVMI has high quality earnings.
Growing Profit Margin: NVMI's current net profit margins (17.8%) are higher than last year (15.7%).
Past Earnings Growth Analysis
Earnings Trend: NVMI's earnings have grown by 19.7% per year over the past 5 years.
Accelerating Growth: NVMI's earnings growth over the past year (36%) exceeds its 5-year average (19.7% per year).
Earnings vs Industry: NVMI earnings growth over the past year (36%) exceeded the Semiconductor industry 30%.
Return on Equity
High ROE: NVMI's Return on Equity (12.9%) is considered low.
Financial Health
How is Nova Measuring Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: NVMI's short term assets ($558.7M) exceed its short term liabilities ($60.9M).
Long Term Liabilities: NVMI's short term assets ($558.7M) exceed its long term liabilities ($223.3M).
Debt to Equity History and Analysis
Debt Level: NVMI's debt to equity ratio (48.1%) is considered high.
Reducing Debt: Insufficient data to determine if NVMI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NVMI's debt is well covered by operating cash flow (33.7%).
Interest Coverage: NVMI earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Nova Measuring Instruments's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NVMI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NVMI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NVMI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NVMI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NVMI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Eitan Oppenhaim (54 yo)
7.75yrs
Tenure
US$2,110,748
Compensation
Mr. Eitan Oppenhaim has been the Chief Executive Officer and President of Nova Measuring Instruments Ltd. since July 31, 2013. Mr. Oppenhaim has been Director of Nova Measuring Instruments Ltd. since Octob...
CEO Compensation Analysis
Compensation vs Market: Eitan's total compensation ($USD2.11M) is below average for companies of similar size in the US market ($USD5.06M).
Compensation vs Earnings: Eitan's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: NVMI's management team is seasoned and experienced (7.8 years average tenure).
Board Members
Experienced Board: NVMI's board of directors are considered experienced (6.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$2.720b
- Shares outstanding: 28.07m
- Website: https://www.novami.com
Number of Employees
Location
- Nova Measuring Instruments Ltd.
- 5 David Fikes Street
- 10th Floor
- Rehovot
- 7610201
- Israel
Listings
Biography
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationa...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 23:18 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.