Nova Ltd. - Understand $nvmi stock

$NVMI Market Cap: $5.512 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$611.8M

TTM

Gross Margin

57.37%

TTM

Net Earnings

$171.3M

TTM

Current Assets

$895.9M

Q3 2024

Current Liabilities

$367.6M

Q3 2024

Current Ratio

243.74%

Q3 2024

Total Assets

$1.333B

Q3 2024

Total Liabilities

$426.1M

Q3 2024

Book Value

$907.3M

Q3 2024

Cash

$154.0M

Q3 2024

P/E

32.17

Nov 29, 2024 EST

Free Cash Flow

$179.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2009	2008	2007	2006	2005
Revenue	$517.9M	$570.7M	$416.1M	$269.4M	$224.9M	$251.1M	$222.0M	$163.9M	$148.5M	$120.6M	$111.5M	$39.30M	$39.00M	$58.10M	$48.30M	$30.10M
YoY Change	-9.25%	37.16%	54.46%	19.79%	-10.43%	13.11%	35.45%	10.37%	23.13%	8.16%		0.77%	-32.87%	20.29%	60.47%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2009	2008	2007	2006	2005
Revenue	$517.9M	$570.7M	$416.1M	$269.4M	$224.9M	$251.1M	$222.0M	$163.9M	$148.5M	$120.6M	$111.5M	$39.30M	$39.00M	$58.10M	$48.30M	$30.10M
Cost Of Revenue	$224.7M	$253.8M	$178.8M	$116.5M	$103.1M	$105.9M	$90.80M	$88.60M	$71.40M	$57.00M	$52.40M	$21.70M	$26.00M	$33.30M	$27.70M	$19.30M
Gross Profit	$293.2M	$317.0M	$237.4M	$152.9M	$121.8M	$145.2M	$131.2M	$75.30M	$77.10M	$63.60M	$59.10M	$17.60M	$13.00M	$24.80M	$20.50M	$10.80M
Gross Profit Margin	56.61%	55.54%	57.04%	56.76%	54.16%	57.83%	59.1%	45.94%	51.92%	52.74%	53.0%	44.78%	33.33%	42.69%	42.44%	35.88%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2009	2008	2007	2006	2005
Selling, General & Admin	$72.87M	$76.58M	$56.66M	$41.80M	$39.10M	$37.60M	$32.70M	$28.40M	$24.50M	$17.20M	$17.20M	$8.300M	$10.70M	$15.00M	$13.90M	$10.60M
YoY Change	-4.84%	35.16%	35.55%	6.91%	3.99%	14.98%	15.14%	15.92%	42.44%	0.0%		-22.43%	-28.67%	7.91%	31.13%
% of Gross Profit	24.86%	24.16%	23.87%	27.34%	32.1%	25.9%	24.92%	37.72%	31.78%	27.04%	29.1%	47.16%	82.31%	60.48%	67.8%	98.15%
Research & Development	$88.04M	$90.46M	$65.86M	$53.00M	$44.50M	$45.50M	$39.00M	$35.00M	$39.70M	$29.50M	$29.60M	$6.900M	$8.600M	$9.100M	$9.200M	$9.300M
YoY Change	-2.67%	37.36%	24.26%	19.1%	-2.2%	16.67%	11.43%	-11.84%	34.58%	-0.34%		-19.77%	-5.49%	-1.09%	-1.08%
% of Gross Profit	30.03%	28.54%	27.75%	34.66%	36.54%	31.34%	29.73%	46.48%	51.49%	46.38%	50.08%	39.2%	66.15%	36.69%	44.88%	86.11%
Depreciation & Amortization	$10.34M	$8.621M	$8.933M	$8.380M	$8.030M	$7.680M	$6.180M	$6.600M	$9.620M	$3.950M	$3.520M	$1.250M	$1.320M	$1.740M	$1.410M	$890.0K
YoY Change	19.99%	-3.49%	6.6%	4.36%	4.56%	24.27%	-6.36%	-31.39%	143.54%	12.22%		-5.3%	-24.14%	23.4%	58.43%
% of Gross Profit	3.53%	2.72%	3.76%	5.48%	6.59%	5.29%	4.71%	8.76%	12.48%	6.21%	5.96%	7.1%	10.15%	7.02%	6.88%	8.24%
Operating Expenses	$160.9M	$167.0M	$125.0M	$97.30M	$85.40M	$84.80M	$73.40M	$65.10M	$65.50M	$46.70M	$46.80M	$15.20M	$19.30M	$24.10M	$23.10M	$19.90M
YoY Change	-3.67%	33.66%	28.44%	13.93%	0.71%	15.53%	12.75%	-0.61%	40.26%	-0.21%		-21.24%	-19.92%	4.33%	16.08%
Operating Profit	$132.3M	$149.9M	$112.4M	$55.60M	$36.40M	$60.40M	$57.80M	$10.20M	$11.60M	$16.90M	$12.30M	$2.400M	-$6.300M	$700.0K	-$2.600M	-$9.100M
YoY Change	-11.78%	33.41%	102.13%	52.75%	-39.74%	4.5%	466.67%	-12.07%	-31.36%	37.4%		-138.1%	-1000.0%	-126.92%	-71.43%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2009	2008	2007	2006	2005
Interest Expense	$22.44M	$8.478M	-$3.133M	$900.0K	$3.100M	$3.000M	$2.300M	$1.200M	$600.0K	$600.0K	$700.0K	$200.0K	$1.500M	$600.0K	$600.0K	$0.00
YoY Change	164.64%	-370.6%	-448.11%	-70.97%	3.33%	30.43%	91.67%	100.0%	0.0%	-14.29%		-86.67%	150.0%	0.0%
% of Operating Profit	16.96%	5.65%	-2.79%	1.62%	8.52%	4.97%	3.98%	11.76%	5.17%	3.55%	5.69%	8.33%		85.71%
Other Income/Expense, Net												$0.00				$600.0K
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2009	2008	2007	2006	2005
Pretax Income	$154.7M	$158.4M	$109.3M	$56.50M	$39.50M	$63.40M	$60.10M	$11.40M	$12.20M	$17.50M	$13.00M	$2.600M	-$5.400M	-$3.900M	-$1.900M	-$8.400M
YoY Change	-2.34%	44.99%	93.37%	43.04%	-37.7%	5.49%	427.19%	-6.56%	-30.29%	34.62%		-148.15%	38.46%	105.26%	-77.38%
Income Tax	$18.39M	$18.20M	$16.15M	$8.600M	$5.100M	$10.60M	$14.50M	$1.700M	-$3.500M	-$1.200M	$2.500M	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	11.89%	11.49%	14.78%	15.22%	12.91%	16.72%	24.13%	14.91%	-28.69%	-6.86%	19.23%	0.0%
Net Earnings	$136.3M	$140.2M	$93.10M	$47.90M	$35.20M	$54.40M	$46.50M	$9.600M	$15.70M	$18.70M	$10.50M	$2.600M	-$5.400M	-$3.900M	-$1.900M	-$8.400M
YoY Change	-2.78%	50.6%	94.37%	36.08%	-35.29%	16.99%	384.38%	-38.85%	-16.04%	78.1%		-148.15%	38.46%	105.26%	-77.38%
Net Earnings / Revenue	26.32%	24.57%	22.37%	17.78%	15.65%	21.66%	20.95%	5.86%	10.57%	15.51%	9.42%	6.62%	-13.85%	-6.71%	-3.93%	-27.91%
Basic Earnings Per Share	$4.73	$4.89	$3.28	$1.71
Diluted Earnings Per Share	$4.28	$4.40	$3.123M	$1.657M	$1.231M	$1.889M	$1.632M	$349.1K	$570.9K	$672.7K	$383.2K	$129.4K	-$278.4K	-$209.7K	-$118.8K	-$545.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$443.7M	$373.5M	$410.2M	$423.9M	$186.3M	$175.8M	$149.1M	$91.00M	$97.00M	$122.9M	$98.90M	$18.50M	$19.40M	$17.60M	$10.30M	$14.90M
YoY Change	18.79%	-8.94%	-3.24%	127.54%	5.97%	17.91%	63.85%	-6.19%	-21.07%	24.27%		-4.64%	10.23%	70.87%	-30.87%
Cash & Equivalents	$107.6M	$111.1M	$126.7M	$232.3M	$31.70M	$22.90M	$27.70M	$20.40M	$27.70M	$13.60M	$17.50M	$9.900M	$19.30M	$15.30M	$4.200M	$5.800M
Short-Term Investments	$336.1M	$262.4M	$283.5M	$191.6M	$154.5M	$153.0M	$121.4M	$70.50M	$69.30M	$109.3M	$81.40M	$8.600M	$100.0K	$2.300M	$6.100M	$9.100M
Other Short-Term Assets	$17.08M	$13.53M	$9.242M	$9.800M	$16.70M	$11.00M	$7.000M	$4.800M	$6.200M	$3.100M	$4.100M	$1.700M	$1.100M	$1.700M	$1.900M	$1.100M
YoY Change	26.3%	46.36%	-5.69%	-41.32%	51.82%	57.14%	45.83%	-22.58%	100.0%	-24.39%		54.55%	-35.29%	-10.53%	72.73%
Inventory	$138.2M	$116.6M	$78.67M	$61.70M	$48.40M	$41.80M	$34.90M	$29.30M	$27.70M	$16.10M	$18.10M	$3.900M	$6.900M	$8.500M	$9.000M	$6.600M
Prepaid Expenses
Receivables	$111.3M	$109.3M	$68.45M	$63.30M	$51.60M	$53.50M	$40.90M	$42.60M	$19.00M	$15.60M	$27.90M	$11.50M	$2.800M	$9.100M	$10.30M	$6.800M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$710.2M	$612.9M	$566.5M	$558.7M	$302.9M	$282.1M	$231.9M	$167.7M	$150.0M	$157.7M	$149.1M	$35.70M	$30.20M	$36.90M	$31.40M	$29.50M
YoY Change	15.87%	8.2%	1.4%	84.45%	7.37%	21.65%	38.28%	11.8%	-4.88%	5.77%		18.21%	-18.16%	17.52%	6.44%
Property, Plant & Equipment	$108.7M	$100.8M	$65.09M	$63.30M	$58.80M	$13.80M	$13.90M	$10.00M	$11.10M	$11.50M	$10.40M	$2.200M	$2.800M	$3.500M	$2.600M	$2.500M
YoY Change	7.9%	54.83%	2.82%	7.65%	326.09%	-0.72%	39.0%	-9.91%	-3.48%	10.58%		-21.43%	-20.0%	34.62%	4.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$191.4M	$153.9M	$141.1M	$2.500M	$2.800M							$600.0K	$500.0K	$5.300M	$4.900M	$7.900M
YoY Change	24.3%	9.11%	5543.48%	-10.71%								20.0%	-90.57%	8.16%	-37.97%
Other Assets	$34.24M	$23.85M	$9.749M	$6.100M	$8.200M	$7.300M	$4.600M	$5.400M	$8.200M	$4.200M	$2.800M	$2.500M	$2.300M	$2.700M	$2.500M	$2.400M
YoY Change	43.58%	144.62%	59.82%	-25.61%	12.33%	58.7%	-14.81%	-34.15%	95.24%	50.0%		8.7%	-14.81%	8.0%	4.17%
Total Long-Term Assets	$423.6M	$371.2M	$238.6M	$97.10M	$97.50M	$51.30M	$51.40M	$50.90M	$57.30M	$15.60M	$13.20M	$5.200M	$5.600M	$11.50M	$13.00M	$12.80M
YoY Change	14.13%	55.53%	145.77%	-0.41%	90.06%	-0.19%	0.98%	-11.17%	267.31%	18.18%		-7.14%	-51.3%	-11.54%	1.56%
Total Assets	$1.134B	$984.1M	$805.2M	$655.8M	$400.4M	$333.4M	$283.3M	$218.6M	$207.3M	$173.3M	$162.3M	$40.90M	$35.80M	$48.40M	$44.40M	$42.30M
YoY Change
Accounts Payable	$35.16M	$42.73M	$36.22M	$24.10M	$20.70M	$19.00M	$15.80M	$16.50M	$14.40M	$11.60M	$15.60M	$3.700M	$3.500M	$7.500M	$6.400M	$5.700M
YoY Change	-17.72%	17.99%	50.28%	16.43%	8.95%	20.25%	-4.24%	14.58%	24.14%	-25.64%		5.71%	-53.33%	17.19%	12.28%
Accrued Expenses	$6.703M	$47.14M	$40.92M	$26.30M	$18.70M	$0.00	$18.60M	$15.00M	$11.90M	$9.300M	$9.100M	$3.600M	$3.100M	$6.700M	$5.100M	$4.100M
YoY Change	-85.78%	15.21%	55.57%	40.64%		-100.0%	24.0%	26.05%	27.96%	2.2%		16.13%	-53.73%	31.37%	24.39%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$197.7M	$0.00	$183.0M
YoY Change		-100.0%
Total Short-Term Liabilities	$322.8M	$134.1M	$287.9M	$60.90M	$46.20M	$48.10M	$52.10M	$39.00M	$37.20M	$27.20M	$30.50M	$10.60M	$9.900M	$16.30M	$15.60M	$14.60M
YoY Change	140.78%	-53.44%	372.79%	31.82%	-3.95%	-7.68%	33.59%	4.84%	36.76%	-10.82%		7.07%	-39.26%	4.49%	6.85%
Long-Term Debt	$0.00	$196.4M	$0.00	$178.8M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-100.0%		-100.0%
Other Long-Term Liabilities	$49.67M	$54.49M	$43.47M	$44.50M	$39.70M	$4.600M	$4.400M	$3.700M	$3.300M	$2.500M	$3.100M	$3.400M	$3.500M	$4.500M	$4.300M	$4.300M
YoY Change	-8.85%	25.35%	-2.31%	12.09%	763.04%	4.55%	18.92%	12.12%	32.0%	-19.35%		-2.86%	-22.22%	4.65%	0.0%
Total Long-Term Liabilities	$49.67M	$250.9M	$43.47M	$223.3M	$39.70M	$4.600M	$4.400M	$3.700M	$3.300M	$2.500M	$3.100M	$3.400M	$3.500M	$4.500M	$4.300M	$4.300M
YoY Change	-80.2%	477.14%	-80.53%	462.47%	763.04%	4.55%	18.92%	12.12%	32.0%	-19.35%		-2.86%	-22.22%	4.65%	0.0%
Total Liabilities	$383.1M	$397.1M	$331.4M	$284.2M	$85.90M	$52.70M	$56.50M	$43.90M	$46.20M	$29.70M	$33.60M	$14.00M	$13.50M	$20.80M	$19.80M	$18.90M
YoY Change	-3.55%	19.84%	16.61%	230.85%	63.0%	-6.73%	28.7%	-4.98%	55.56%	-11.61%		3.7%	-35.1%	5.05%	4.76%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	28.83K shares	28.70M shares	28.37M shares	28.10M shares
Diluted Shares Outstanding	32.09K shares	31.87M shares	29.82M shares	28.95M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.5118 Billion

About NOVA LTD.

Nova Ltd. provides metrology solutions for the semiconductor manufacturing industry. The firm offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process. Its product portfolio includes a set of in-situ, integrated and stand-alone metrology platforms suited for dimensional, films and material metrology measurements for process control across multiple semiconductor manufacturing process steps. Its products include NovaScan 2040, NovaScan 3090Next, Nova i500, Nova T500, Nova T600, Nova V2600 TSV metrology system among others.

Industry: Optical Instruments & Lenses Peers: CAMTEK LTD SOLAREDGE TECHNOLOGIES, INC.