Novocure Stock Price To Earning

NVCR Stock

USD 19.69 1.81 10.12%

Novocure fundamentals help investors to digest information that contributes to Novocure's financial success or failures. It also enables traders to predict the movement of Novocure Stock. The fundamental analysis module provides a way to measure Novocure's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Novocure stock.

Short Long Term Debt Total Total Assets

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Novocure Company Price To Earning Analysis

Novocure's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

P/E

Market Value Per Share

Earnings Per Share

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Current Novocure Price To Earning

721.15 X

Most of Novocure's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Novocure is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Novocure Price To Earning Driver Correlations

Understanding the fundamental principles of building solid financial models for Novocure is extremely important. It helps to project a fair market value of Novocure Stock properly, considering its historical fundamentals such as Price To Earning. Since Novocure's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Novocure's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Novocure's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Short Term Investments	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Property Plant Equipment	Long Term Investments	Current Deferred Revenue	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital
Total Assets		0.93	0.95	0.91	-0.77	0.88	0.93	0.88	0.99	0.92	0.68	1.0	0.45	0.76	0.77	0.95	0.89	0.96	0.98	0.98
Total Stockholder Equity	0.93		0.97	0.78	-0.57	0.77	0.82	0.79	0.92	0.81	0.48	0.94	0.21	0.58	0.58	0.86	0.81	0.85	0.93	0.93
Net Tangible Assets	0.95	0.97		0.78	-0.63	0.8	0.83	0.73	0.92	0.83	0.49	0.95	0.27	0.61	0.63	0.85	0.83	0.92	0.93	0.93
Net Debt	0.91	0.78	0.78		-0.89	0.95	0.98	0.83	0.93	0.98	0.78	0.91	0.61	0.77	0.78	0.91	0.94	0.9	0.93	0.93
Retained Earnings	-0.77	-0.57	-0.63	-0.89		-0.89	-0.88	-0.77	-0.75	-0.89	-0.93	-0.76	-0.72	-0.75	-0.92	-0.83	-0.83	-0.82	-0.76	-0.75
Accounts Payable	0.88	0.77	0.8	0.95	-0.89		0.98	0.77	0.87	0.99	0.73	0.88	0.51	0.73	0.75	0.89	0.98	0.92	0.92	0.91
Long Term Debt	0.93	0.82	0.83	0.98	-0.88	0.98		0.83	0.92	1.0	0.76	0.93	0.52	0.75	0.77	0.93	0.98	0.93	0.96	0.96
Net Receivables	0.88	0.79	0.73	0.83	-0.77	0.77	0.83		0.86	0.83	0.78	0.88	0.45	0.8	0.83	0.95	0.73	0.81	0.85	0.86
Short Term Investments	0.99	0.92	0.92	0.93	-0.75	0.87	0.92	0.86		0.91	0.65	0.99	0.48	0.75	0.73	0.92	0.88	0.93	0.97	0.97
Total Liab	0.92	0.81	0.83	0.98	-0.89	0.99	1.0	0.83	0.91		0.77	0.92	0.53	0.75	0.79	0.94	0.98	0.93	0.95	0.95
Short Long Term Debt	0.68	0.48	0.49	0.78	-0.93	0.73	0.76	0.78	0.65	0.77		0.67	0.79	0.72	0.92	0.76	0.66	0.68	0.64	0.64
Total Current Assets	1.0	0.94	0.95	0.91	-0.76	0.88	0.93	0.88	0.99	0.92	0.67		0.44	0.75	0.76	0.95	0.89	0.95	0.98	0.98
Short Term Debt	0.45	0.21	0.27	0.61	-0.72	0.51	0.52	0.45	0.48	0.53	0.79	0.44		0.69	0.69	0.41	0.43	0.45	0.39	0.38
Property Plant Equipment	0.76	0.58	0.61	0.77	-0.75	0.73	0.75	0.8	0.75	0.75	0.72	0.75	0.69		0.76	0.76	0.68	0.73	0.71	0.71
Long Term Investments	0.77	0.58	0.63	0.78	-0.92	0.75	0.77	0.83	0.73	0.79	0.92	0.76	0.69	0.76		0.84	0.68	0.79	0.71	0.71
Current Deferred Revenue	0.95	0.86	0.85	0.91	-0.83	0.89	0.93	0.95	0.92	0.94	0.76	0.95	0.41	0.76	0.84		0.88	0.93	0.95	0.95
Long Term Debt Total	0.89	0.81	0.83	0.94	-0.83	0.98	0.98	0.73	0.88	0.98	0.66	0.89	0.43	0.68	0.68	0.88		0.92	0.94	0.94
Capital Surpluse	0.96	0.85	0.92	0.9	-0.82	0.92	0.93	0.81	0.93	0.93	0.68	0.95	0.45	0.73	0.79	0.93	0.92		0.96	0.95
Net Invested Capital	0.98	0.93	0.93	0.93	-0.76	0.92	0.96	0.85	0.97	0.95	0.64	0.98	0.39	0.71	0.71	0.95	0.94	0.96		1.0
Net Working Capital	0.98	0.93	0.93	0.93	-0.75	0.91	0.96	0.86	0.97	0.95	0.64	0.98	0.38	0.71	0.71	0.95	0.94	0.95	1.0

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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

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Novocure Retained Earnings

Retained Earnings

(936.23 Million)

Novocure reported last year Retained Earnings of (985.5 Million)

Based on the latest financial disclosure, Novocure has a Price To Earning of 721 times. This is much higher than that of the Health Care Equipment & Supplies sector and notably higher than that of the Health Care industry. The price to earning for all United States stocks is notably lower than that of the firm.

Novocure Price To Earning Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novocure's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Novocure could also be used in its relative valuation, which is a method of valuing Novocure by comparing valuation metrics of similar companies.

Novocure is currently under evaluation in price to earning category among its peers.

Novocure Current Valuation Drivers

We derive many important indicators used in calculating different scores of Novocure from analyzing Novocure's financial statements. These drivers represent accounts that assess Novocure's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Novocure's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	8.2B	17.5B	7.8B	7.7B	1.6B	1.5B
Enterprise Value	8.2B	17.7B	8.1B	8.1B	1.9B	1.8B

Novocure ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Novocure's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Novocure's managers, analysts, and investors.

Environmental

Governance

Social

Novocure Fundamentals

	Return On Equity	-0.4
	Return On Asset	-0.0793
	Profit Margin	(0.26) %
	Operating Margin	(0.21) %
	Current Valuation	1.85 B
	Shares Outstanding	108.2 M
	Shares Owned By Insiders	9.25 %
	Shares Owned By Institutions	86.64 %
	Number Of Shares Shorted	5.67 M
	Price To Earning	721.15 X
	Price To Book	5.91 X
	Price To Sales	3.69 X
	Revenue	509.34 M
	Gross Profit	423.58 M
	EBITDA	(175.87 M)
	Net Income	(207.04 M)
	Cash And Equivalents	948.52 M
	Cash Per Share	9.06 X
	Total Debt	596.24 M
	Debt To Equity	1.31 %
	Current Ratio	8.08 X
	Book Value Per Share	3.34 X
	Cash Flow From Operations	(73.34 M)
	Short Ratio	4.31 X
	Earnings Per Share	(1.39) X
	Price To Earnings To Growth	(0.47) X
	Target Price	26.71
	Number Of Employees	1.45 K
	Beta	0.71
	Market Capitalization	2.13 B
	Total Asset	1.15 B
	Retained Earnings	(985.5 M)
	Working Capital	855.29 M
	Current Asset	293.9 M
	Current Liabilities	28.63 M
	Net Asset	1.15 B

About Novocure Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Novocure's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novocure using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novocure based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Additional Tools for Novocure Stock Analysis

When running Novocure's price analysis, check to measure Novocure's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novocure is operating at the current time. Most of Novocure's value examination focuses on studying past and present price action to predict the probability of Novocure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novocure's price. Additionally, you may evaluate how the addition of Novocure to your portfolios can decrease your overall portfolio volatility.

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