Nova Ltd.'s high P/E ratio is alarming considering its forecasted negative earnings growth. The high stock price, indicating investor optimism, may not be sustainable due to declining earnings, posing a risk to shareholders and potential investors.
Nova's impressive quarter results and guidance for 3.6% YoY revenue growth suggest a potential rebound. However, high inventory levels remain a concern despite a recent decrease.
The market appears to have a higher opinion of the business than it did five years ago, likely due to its consistent growth. The recent improvement in total shareholder return could indicate that the business is improving over time.
Nova and Applied Materials outperformed analysts' EPS estimates, while IPG Photonics and Teradyne underperformed in revenue guidance. Despite mixed results, semiconductor stocks remained resilient, with an average 29.8% share price increase since last earnings.
Teradyne's stock up 18.5% post-results. Nova's stock up 31.6% after beating analyst estimates. Despite weak quarters, IPG Photonics and Marvell Technology's stocks are up 19.5% and 17.5% respectively. Applied Materials' stock down 2.2% despite strong quarter.
Nova's future EPS decline may negatively shadow its current high P/E ratio. Its predicted earnings do not support the optimistic sentiment, potentially impacting share prices and questioning reasonability.
Nova's in-line valuation and unattractive earnings growth do not constitute a compelling investment. Advised for potential investors to consider other factors and possibly wait for a price drop due to high volatility.
Nova股票討論區
2000年上市的以色列公司,主要做計量解決方案業務,主要市場在亞洲,當前價格170.38。
5年來營收首尾兩年萎縮,中間3年增長,平均增速15.7%,營業利潤平均增速16.8%,淨利潤平均增速20%。
目前市盈率40,相對於長期增速估值折扣很少,吸引力不大。
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