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): 20.96%
EPS Trend (3Y Correlation): 94.0%

NVMI Revenue

Revenue Growth (3Y CAGR): 15.47%
Revenue Trend (3Y Correlation): 89.3%

Risk via 10d forecast
Volatility	60.0%
Value at Risk 5%th	88.8%
Relative Tail Risk	-4.43%

Reward TTM
Sharpe Ratio	0.98
Alpha	21.23

Character TTM
Hurst Exponent	0.422
Beta	1.745
Beta Downside	1.749

Drawdowns 3y
Max DD	40.79%
Mean DD	9.61%
Median DD	6.14%

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	8,794m
Sub-Industry	Semiconductor Materials & Equipment
IPO / Inception	2000-04-07
Return 12m vs S&P 500	41.7%
Analyst Rating	4.57 of 5

NVMI Dividends

Currently no dividends paid

NVMI Growth Ratios

CAGR 3y	50.40%
CAGR/Max DD Calmar Ratio	1.24
CAGR/Mean DD Pain Ratio	5.25
Current Volume	193.6k
Average Volume	328.4k

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (245.0m TTM) > 0 and > 6% of Revenue (6% = 51.2m TTM)

FCFTA 0.10 (>2.0%) and ΔFCFTA -3.59pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 132.5% (prev 86.35%; Δ 46.16pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 254.0m > Net Income 245.0m (YES >=105%, WARN >=100%)

Net Debt (362.1m) to EBITDA (278.1m) ratio: 1.30 <= 3.0 (WARN <= 3.5)

Current Ratio 4.58 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (32.5m) change vs 12m ago 0.72% (target <= -2.0% for YES)

Gross Margin 57.10% (prev 57.39%; Δ -0.29pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 46.84% (prev 45.89%; Δ 0.96pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 159.7 (EBITDA TTM 278.1m / Interest Expense TTM 1.61m) >= 6 (WARN >= 3)

Altman Z'' 6.37

(A) 0.49 = (Total Current Assets 1.45b - Total Current Liabilities 315.5m) / Total Assets 2.31b

(B) 0.35 = Retained Earnings (Balance) 798.1m / Total Assets 2.31b

(D) 1.03 = Book Value of Equity 1.17b / Total Liabilities 1.14b

Total Rating: 6.37 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 86.96

1. Piotroski 4.50pt = -0.50

2. FCF Yield 2.68% = 1.34

3. FCF Margin 26.97% = 6.74

4. Debt/Equity 0.75 = 2.22

5. Debt/Ebitda 1.30 = 1.30

6. ROIC - WACC (= 26.83)% = 12.50

7. RoE 23.46% = 1.96

8. Rev. Trend 89.31% = 6.70

9. EPS Trend 93.97% = 4.70

What is the price of NVMI shares?

As of November 17, 2025, the stock is trading at USD 290.31 with a total of 193,588 shares traded.
Over the past week, the price has changed by -8.74%, over one month by -12.38%, over three months by +11.46% and over the past year by +63.82%.

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 86.96 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 363.44 USD . This means that NVMI is currently undervalued and has a potential upside of +25.19% (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	365.8	26%
Analysts Target Price	365.8	26%
ValueRay Target Price	415.5	43.1%

NVMI Fundamental Data Overview November 15, 2025

Market Cap USD = 8.79b (8.79b USD * 1.0 USD.USD)
P/E Trailing = 38.5538
P/E Forward = 30.303
P/S = 10.3134
P/B = 7.5211
Beta = 1.829
Revenue TTM = 852.7m USD
EBIT TTM = 257.7m USD
EBITDA TTM = 278.1m USD
Long Term Debt = 730.7m USD (from longTermDebt, last quarter)
Short Term Debt = 98.1m USD (from shortTermDebt, last quarter)
Debt = 883.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 362.1m USD (from netDebt column, last quarter)
Enterprise Value = 8.59b USD (8.79b + Debt 883.7m - CCE 1.09b)
Interest Coverage Ratio = 159.7 (Ebit TTM 257.7m / Interest Expense TTM 1.61m)
FCF Yield = 2.68% (FCF TTM 230.0m / Enterprise Value 8.59b)
FCF Margin = 26.97% (FCF TTM 230.0m / Revenue TTM 852.7m)
Net Margin = 28.73% (Net Income TTM 245.0m / Revenue TTM 852.7m)
Gross Margin = 57.10% ((Revenue TTM 852.7m - Cost of Revenue TTM 365.8m) / Revenue TTM)
Gross Margin QoQ = 56.73% (prev 57.84%)
Tobins Q-Ratio = 3.72 (Enterprise Value 8.59b / Total Assets 2.31b)
Interest Expense / Debt = 0.18% (Interest Expense 1.61m / Debt 883.7m)
Taxrate = 16.32% (12.0m / 73.4m)
NOPAT = 215.7m (EBIT 257.7m * (1 - 16.32%))
Current Ratio = 4.58 (Total Current Assets 1.45b / Total Current Liabilities 315.5m)
Debt / Equity = 0.75 (Debt 883.7m / totalStockholderEquity, last quarter 1.17b)
Debt / EBITDA = 1.30 (Net Debt 362.1m / EBITDA 278.1m)
Debt / FCF = 1.57 (Net Debt 362.1m / FCF TTM 230.0m)
Total Stockholder Equity = 1.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.62% (Net Income 245.0m / Total Assets 2.31b)
RoE = 23.46% (Net Income TTM 245.0m / Total Stockholder Equity 1.04b)
RoCE = 14.52% (EBIT 257.7m / Capital Employed (Equity 1.04b + L.T.Debt 730.7m))
RoIC = 38.16% (NOPAT 215.7m / Invested Capital 565.2m)
WACC = 11.33% (E(8.79b)/V(9.68b) * Re(12.45%) + D(883.7m)/V(9.68b) * Rd(0.18%) * (1-Tc(0.16)))
Discount Rate = 12.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.70%
[DCF Debug] Terminal Value 68.44% ; FCFE base≈210.3m ; Y1≈259.4m ; Y5≈442.6m
Fair Price DCF = 132.2 (DCF Value 3.92b / Shares Outstanding 29.7m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 93.97 | EPS CAGR: 20.96% | SUE: 0.36 | # QB: 0
Revenue Correlation: 89.31 | Revenue CAGR: 15.47% | SUE: 0.72 | # QB: 0

Additional Sources for NVMI Stock

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