Overview Dividends

(NVMI) Nova - Ratings and Ratios

Exchange: NASDAQ • Country: Israel • Currency: USD • Type: Common Stock • ISIN: IL0010845571

Metrology Platforms, Dimensional Metrology, Films Metrology, Materials Metrology, Chemical Metrology

NVMI EPS (Earnings per Share)

EPS Growth (3Y CAGR): -57.19%
EPS Trend (3Y Correlation): -1.4%

NVMI Revenue

Revenue Growth (3Y CAGR): 16.69%
Revenue Trend (3Y Correlation): 81.6%

Description: NVMI Nova November 03, 2025

Nova Ltd. (NASDAQ:NVMI) designs, develops, produces, and sells process-control metrology systems that enable dimensional, film, and material measurements across key semiconductor manufacturing steps such as lithography, etch, CMP, deposition, electro-chemical plating, and advanced packaging. The company serves logic, foundry, memory, packaging, and equipment-maker customers in Taiwan, the United States, China, Korea, and other global markets.

In FY 2023 Nova reported revenue of $124 million, a 9 % year-over-year increase, driven primarily by higher demand for its advanced packaging metrology solutions. Gross margin expanded to 58 % versus 53 % in FY 2022, reflecting a shift toward higher-value product mix and improved manufacturing efficiency.

The semiconductor equipment market is being propelled by two macro-level forces: (1) the AI-driven surge in demand for high-performance compute chips, which raises total wafer starts and capex budgets, and (2) the industry-wide transition to heterogeneous integration and advanced packaging, which elevates the importance of precise metrology. Nova’s focus on these high-growth nodes positions it to capture a larger share of the projected $120 billion equipment spend through 2028.

If you want a data-rich, independent view of Nova’s valuation and risk profile, a quick look at ValueRay’s analyst dashboard can help you triangulate the numbers before making a decision.

NVMI Stock Overview

Market Cap in USD	9,808m
Sub-Industry	Semiconductor Materials & Equipment
IPO / Inception	2000-04-07

NVMI Stock Ratings

Growth Rating	88.6%
Fundamental	83.5%
Dividend Rating	-
Return 12m vs S&P 500	55.9%
Analyst Rating	4.57 of 5

NVMI Dividends

Currently no dividends paid

NVMI Growth Ratios

Growth Correlation 3m	90.7%
Growth Correlation 12m	73.1%
Growth Correlation 5y	83.3%
CAGR 5y	62.84%
CAGR/Max DD 3y (Calmar Ratio)	1.54
CAGR/Mean DD 3y (Pain Ratio)	6.55
Sharpe Ratio 12m	0.89
Alpha	43.05
Beta	1.753
Volatility	46.85%
Current Volume	169.1k
Average Volume 20d	328.5k
Stop Loss	327.3 (-5%)
Signal	-0.37

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (234.9m TTM) > 0 and > 6% of Revenue (6% = 48.4m TTM)

FCFTA 0.13 (>2.0%) and ΔFCFTA -1.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 68.20% (prev 81.22%; Δ -13.02pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.15 (>3.0%) and CFO 229.7m <= Net Income 234.9m (YES >=105%, WARN >=100%)

Net Debt (48.7m) to EBITDA (252.6m) ratio: 0.19 <= 3.0 (WARN <= 3.5)

Current Ratio 2.57 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (32.1m) change vs 12m ago -0.58% (target <= -2.0% for YES)

Gross Margin 57.10% (prev 57.34%; Δ -0.25pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 58.05% (prev 45.04%; Δ 13.01pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 144.7 (EBITDA TTM 252.6m / Interest Expense TTM 1.61m) >= 6 (WARN >= 3)

Altman Z'' 7.70

(A) 0.36 = (Total Current Assets 901.4m - Total Current Liabilities 351.0m) / Total Assets 1.53b

(B) 0.61 = Retained Earnings (Balance) 931.3m / Total Assets 1.53b

(D) 2.13 = Book Value of Equity 931.3m / Total Liabilities 437.2m

Total Rating: 7.70 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 83.47

1. Piotroski 5.50pt = 0.50

2. FCF Yield 2.18% = 1.09

3. FCF Margin 25.53% = 6.38

4. Debt/Equity 0.19 = 2.48

5. Debt/Ebitda 0.19 = 2.47

6. ROIC - WACC (= 35.98)% = 12.50

7. RoE 24.01% = 2.00

8. Rev. Trend 81.56% = 6.12

9. EPS Trend -1.38% = -0.07

What is the price of NVMI shares?

As of November 03, 2025, the stock is trading at USD 344.64 with a total of 169,136 shares traded.
Over the past week, the price has changed by -1.87%, over one month by +4.75%, over three months by +26.36% and over the past year by +88.82%.

Is Nova a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Nova (NASDAQ:NVMI) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 83.47 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NVMI is around 462.82 USD . This means that NVMI is currently undervalued and has a potential upside of +34.29% (Margin of Safety).

Is NVMI a buy, sell or hold?

Nova has received a consensus analysts rating of 4.57. Therefore, it is recommended to buy NVMI.

Strong Buy: 5
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the NVMI price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	321.7	-6.7%
Analysts Target Price	321.7	-6.7%
ValueRay Target Price	533.3	54.7%

NVMI Fundamental Data Overview October 20, 2025

Market Cap USD = 9.81b (9.81b USD * 1.0 USD.USD)
P/E Trailing = 44.8171
P/E Forward = 38.9105
P/S = 12.1518
P/B = 8.8978
Beta = 1.753
Revenue TTM = 807.1m USD
EBIT TTM = 233.6m USD
EBITDA TTM = 252.6m USD
Long Term Debt = 59.3m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 156.9m USD (from shortTermDebt, last quarter)
Debt = 209.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 48.7m USD (from netDebt column, last quarter)
Enterprise Value = 9.46b USD (9.81b + Debt 209.2m - CCE 556.8m)
Interest Coverage Ratio = 144.7 (Ebit TTM 233.6m / Interest Expense TTM 1.61m)
FCF Yield = 2.18% (FCF TTM 206.1m / Enterprise Value 9.46b)
FCF Margin = 25.53% (FCF TTM 206.1m / Revenue TTM 807.1m)
Net Margin = 29.10% (Net Income TTM 234.9m / Revenue TTM 807.1m)
Gross Margin = 57.10% ((Revenue TTM 807.1m - Cost of Revenue TTM 346.3m) / Revenue TTM)
Gross Margin QoQ = 57.84% (prev 57.32%)
Tobins Q-Ratio = 6.17 (Enterprise Value 9.46b / Total Assets 1.53b)
Interest Expense / Debt = 0.77% (Interest Expense 1.61m / Debt 209.2m)
Taxrate = 15.50% (12.5m / 80.8m)
NOPAT = 197.4m (EBIT 233.6m * (1 - 15.50%))
Current Ratio = 2.57 (Total Current Assets 901.4m / Total Current Liabilities 351.0m)
Debt / Equity = 0.19 (Debt 209.2m / totalStockholderEquity, last quarter 1.10b)
Debt / EBITDA = 0.19 (Net Debt 48.7m / EBITDA 252.6m)
Debt / FCF = 0.24 (Net Debt 48.7m / FCF TTM 206.1m)
Total Stockholder Equity = 978.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.31% (Net Income 234.9m / Total Assets 1.53b)
RoE = 24.01% (Net Income TTM 234.9m / Total Stockholder Equity 978.4m)
RoCE = 22.51% (EBIT 233.6m / Capital Employed (Equity 978.4m + L.T.Debt 59.3m))
RoIC = 48.20% (NOPAT 197.4m / Invested Capital 409.5m)
WACC = 12.22% (E(9.81b)/V(10.02b) * Re(12.47%) + D(209.2m)/V(10.02b) * Rd(0.77%) * (1-Tc(0.16)))
Discount Rate = 12.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.05%
[DCF Debug] Terminal Value 68.11% ; FCFE base≈196.0m ; Y1≈238.5m ; Y5≈394.1m
Fair Price DCF = 117.9 (DCF Value 3.50b / Shares Outstanding 29.7m; 5y FCF grow 23.17% → 3.0% )
EPS Correlation: -1.38 | EPS CAGR: -57.19% | SUE: -4.0 | # QB: 0
Revenue Correlation: 81.56 | Revenue CAGR: 16.69% | SUE: 1.73 | # QB: 8

Additional Sources for NVMI Stock

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