Nova Ltd. (NVMI) vs Qnity Electronics, Inc. (Q)

Nova Ltd. and Qnity Electronics, Inc. are both Semiconductor Equipment & Materials companies. Qnity Electronics, Inc. is the larger, with a market value of $23.0B against $8.9B — 2.6× the size. Nova Ltd. trades at the lower P/E: 32.4× against 40.6×. Qnity Electronics, Inc. grew revenue faster over the last twelve months: 16.5% against 16.2%. Nova Ltd. has the higher net margin (28.8% vs 10.2%) and the higher return on invested capital (14.4% vs 6.36%). Across the 20 metrics below, Nova Ltd. leads on 11 and Qnity Electronics, Inc. on 9.

Valuation

Metric NVMI Q Semiconductor Equipment & Materials median
P/E 32.44 40.63 33.70
P/S 9.55 4.22 4.22
P/B 6.79 2.94 2.94
Price to free cash flow 47.19 29.62 31.49
EV/EBITDA 32.05 18.37 22.64
EV/Sales 10.03 4.75 4.97
Earnings yield 3.08% 2.46% 2.02%
Free cash flow yield 2.12% 3.38% 2.27%

Profitability

Metric NVMI Q Semiconductor Equipment & Materials median
Gross margin 57.12% 46.92% 46.86%
Operating margin 28.97% 20.00% 12.02%
Net margin 28.84% 10.16% 10.16%
Free cash flow margin 20.24% 14.26% 6.73%
Return on equity 0.00% 6.46% 5.31%
Return on assets 13.44% 4.10% 4.10%
Return on invested capital 14.41% 6.36% 6.36%

Growth

Metric NVMI Q Semiconductor Equipment & Materials median
Revenue growth (TTM) 16.16% 16.51% 15.82%
EPS growth (last fiscal year) 38.43% (4.56%) (4.56%)
Revenue growth, 5-year CAGR 26.73% — 10.11%
Net income growth, 5-year CAGR 40.17% — 0.00%

Health

Metric NVMI Q Semiconductor Equipment & Materials median
Debt to equity 0.50 0.51 0.09
Current ratio 1.55 2.09 3.56
Net debt to EBITDA (1.16) 2.31 (0.49)

Dividend

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

Size

Metric NVMI Q Semiconductor Equipment & Materials median
Market cap 8.92b 23.02b 3.04b

Compare with another peer

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