FormFactor, Inc. (FORM) vs Nova Ltd. (NVMI)

FormFactor, Inc. and Nova Ltd. are both Semiconductor Equipment & Materials companies. Nova Ltd. is the larger, with a market value of $11.7B against $10.3B — 1.1× the size. Nova Ltd. trades at the lower P/E: 42.4× against 87.8×. FormFactor, Inc. grew revenue faster over the last twelve months: 18.0% against 16.2%. Nova Ltd. has the higher net margin (28.8% vs 12.8%) and the higher return on invested capital (14.4% vs 9.33%). Across the 22 metrics below, Nova Ltd. leads on 15 and FormFactor, Inc. on 7.

Valuation

Metric FORM NVMI Semiconductor Equipment & Materials median
P/E 87.75 42.42 54.39
P/S 11.23 12.49 6.08
P/B 9.12 8.88 4.89
Price to free cash flow 74.19 61.71 60.92
EV/EBITDA 64.77 41.45 39.95
EV/Sales 10.86 12.96 6.36
Earnings yield 1.14% 2.36% 1.14%
Free cash flow yield 1.35% 1.62% 1.28%

Profitability

Metric FORM NVMI Semiconductor Equipment & Materials median
Gross margin 43.13% 57.12% 43.95%
Operating margin 12.85% 28.97% 10.32%
Net margin 12.80% 28.84% 7.45%
Free cash flow margin 15.14% 20.24% 6.77%
Return on equity 10.99% 0.00% 4.78%
Return on assets 9.15% 13.44% 3.62%
Return on invested capital 9.33% 14.41% 6.10%

Growth

Metric FORM NVMI Semiconductor Equipment & Materials median
Revenue growth (TTM) 18.01% 16.16% 14.60%
EPS growth (last fiscal year) (22.47%) 38.43% —
Revenue growth, 5-year CAGR 2.51% 26.73% 8.85%
Net income growth, 5-year CAGR (7.09%) 40.17% 0.00%

Health

Metric FORM NVMI Semiconductor Equipment & Materials median
Debt to equity 0.01 0.50 0.09
Current ratio 4.08 1.55 3.66
Net debt to EBITDA (2.85) (1.16) (0.49)

Dividend

Metric FORM NVMI Semiconductor Equipment & Materials median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric FORM NVMI Semiconductor Equipment & Materials median
Market cap 10.27b 11.67b 4.63b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack