Discounted Cash Flow

Nova Ltd. Foreign

NVMI · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $163.9m $9.6m $-7.3m 5.9% $0.35
2017 $222.0m (35.4%) $46.5m (381.7%) $55.5m (861.2%) 20.9% (255.7%) $1.68 (380.0%)
2018 $251.1m (13.1%) $54.4m (17.0%) $32.4m (-41.6%) 21.7% (3.5%) $1.94 (15.5%)
2019 $224.9m (-10.4%) $35.2m (-35.3%) $19.9m (-38.5%) 15.6% (-27.8%) $1.26 (-35.1%)
2020 $269.4m (19.8%) $47.9m (36.2%) $53.8m (170.0%) 17.8% (13.7%) $1.71 (35.7%)
2021 $416.1m (54.5%) $93.1m (94.3%) $127.4m (136.8%) 22.4% (25.8%) $3.28 (91.8%)
2022 $570.7m (37.2%) $140.2m (50.6%) $98.2m (-22.9%) 24.6% (9.8%) $4.89 (49.1%)
2023 $517.9m (-9.3%) $136.3m (-2.8%) $106.3m (8.3%) 26.3% (7.1%) $4.73 (-3.3%)
2024 $672.4m (29.8%) $183.8m (34.8%) $218.1m (105.0%) 27.3% (3.8%) $6.31 (33.4%)
2025 $880.6m (31.0%) $259.2m (41.1%) $217.9m (-0.1%) 29.4% (7.7%) $8.61 (36.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model