Camtek Ltd. (CAMT) vs Nova Ltd. (NVMI)

Camtek Ltd. and Nova Ltd. are both Semiconductor Equipment & Materials companies. Nova Ltd. is the larger, with a market value of $8.9B against $4.3B — 2.1× the size. Nova Ltd. trades at the lower P/E: 32.4× against 122×. Nova Ltd. grew revenue faster over the last twelve months: 16.2% against 11.8%. Nova Ltd. has the higher net margin (28.8% vs 7.03%) and the higher return on invested capital (14.4% vs 13.0%). Across the 22 metrics below, Nova Ltd. leads on 15 and Camtek Ltd. on 7.

Valuation

Metric CAMT NVMI Semiconductor Equipment & Materials median
P/E 121.83 32.44 33.70
P/S 8.57 9.55 4.22
P/B 6.08 6.79 2.94
Price to free cash flow 18.65 47.19 31.49
EV/EBITDA 33.92 32.05 22.64
EV/Sales 8.29 10.03 4.97
Earnings yield 0.82% 3.08% 2.02%
Free cash flow yield 5.36% 2.12% 2.27%

Profitability

Metric CAMT NVMI Semiconductor Equipment & Materials median
Gross margin 50.23% 57.12% 46.86%
Operating margin 23.46% 28.97% 12.02%
Net margin 7.03% 28.84% 10.16%
Free cash flow margin 0.00% 20.24% 6.73%
Return on equity 5.31% 0.00% 5.31%
Return on assets 3.07% 13.44% 4.10%
Return on invested capital 13.01% 14.41% 6.36%

Growth

Metric CAMT NVMI Semiconductor Equipment & Materials median
Revenue growth (TTM) 11.83% 16.16% 15.82%
EPS growth (last fiscal year) (57.02%) 38.43% (4.56%)
Revenue growth, 5-year CAGR 26.06% 26.73% 10.11%
Net income growth, 5-year CAGR 18.42% 40.17% 0.00%

Health

Metric CAMT NVMI Semiconductor Equipment & Materials median
Debt to equity 0.69 0.50 0.09
Current ratio 7.38 1.55 3.56
Net debt to EBITDA (1.06) (1.16) (0.49)

Dividend

Metric CAMT NVMI Semiconductor Equipment & Materials median
Dividend yield 0.00% — 0.59%
Payout ratio 0.00 — 0.16

Size

Metric CAMT NVMI Semiconductor Equipment & Materials median
Market cap 4.29b 8.92b 3.04b

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