Financials NVIDIA Corporation Deutsche Boerse AG

Equities

NVD

US67066G1040

Semiconductors

Real-time Estimate Tradegate Other stock markets 07:32:47 12/07/2024 pm IST			5-day change	1st Jan Change
119.2 ^EUR	+1.37%		-0.19%	+160.17%

01:17pm	Futures flat as big banks fall after earnings; inflation data awaited	RE
12:56pm	Social Buzz: Wallstreetbets Stocks Mostly Higher Premarket Friday; Costco, Nvidia to Advance	MT

Valuation

Fiscal Period: January	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,51,758	3,23,143	5,71,000	5,01,183	15,07,466	31,30,899	-	-
Enterprise Value (EV) ¹	1,42,852	3,18,545	5,60,738	4,98,840	14,91,191	30,74,738	30,06,123	29,22,456
P/E ratio	54.9 x	75.7 x	59.3 x	117 x	51.2 x	49.7 x	36.3 x	29.9 x
Yield	0.26%	0.12%	0.07%	0.08%	-	0.03%	0.03%	0.03%
Capitalization / Revenue	13.9 x	19.4 x	21.2 x	18.6 x	24.7 x	26.1 x	19.5 x	16.7 x
EV / Revenue	13.1 x	19.1 x	20.8 x	18.5 x	24.5 x	25.6 x	18.7 x	15.5 x
EV / EBITDA	44.3 x	56.6 x	50 x	86.5 x	43.2 x	40 x	27.9 x	22.6 x
EV / FCF	33.4 x	67.9 x	69 x	131 x	55.2 x	51.9 x	37.8 x	31.8 x
FCF Yield	2.99%	1.47%	1.45%	0.76%	1.81%	1.93%	2.65%	3.14%
Price to Book	12.6 x	19.2 x	21.8 x	23.1 x	35.4 x	36.4 x	20.7 x	13.6 x
Nbr of stocks (in thousands)	2,44,80,000	2,47,60,000	2,50,00,000	2,46,10,000	2,47,00,000	2,45,75,342	-	-
Reference price ²	6.199	13.05	22.84	20.36	61.03	127.4	127.4	127.4
Announcement Date	13/02/20	24/02/21	16/02/22	22/02/23	21/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: January	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,918	16,675	26,914	26,974	60,922	1,20,064	1,60,639	1,88,006
EBITDA ¹	3,227	5,630	11,215	5,768	34,480	76,807	1,07,791	1,29,087
EBIT ¹	3,735	6,803	12,690	9,040	37,134	79,725	1,05,729	1,20,274
Operating Margin	34.21%	40.8%	47.15%	33.51%	60.95%	66.4%	65.82%	63.97%
Earnings before Tax (EBT) ¹	2,970	4,409	9,941	4,181	33,818	75,131	1,00,888	1,16,651
Net income ¹	2,796	4,332	9,752	4,368	29,760	63,288	85,378	1,02,540
Net margin	25.61%	25.98%	36.23%	16.19%	48.85%	52.71%	53.15%	54.54%
EPS ²	0.1130	0.1725	0.3850	0.1740	1.193	2.562	3.508	4.264
Free Cash Flow ¹	4,272	4,694	8,132	3,808	27,021	59,283	79,601	91,787
FCF margin	39.13%	28.15%	30.21%	14.12%	44.35%	49.38%	49.55%	48.82%
FCF Conversion (EBITDA)	132.38%	83.37%	72.51%	66.02%	78.37%	77.18%	73.85%	71.11%
FCF Conversion (Net income)	152.79%	108.36%	83.39%	87.18%	90.8%	93.67%	93.23%	89.51%
Dividend per Share ²	0.0160	0.0160	0.0160	0.0160	-	0.0333	0.0392	0.0375
Announcement Date	13/02/20	24/02/21	16/02/22	22/02/23	21/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: January	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	7,643	8,288	6,704	5,931	6,051	7,192	13,507	18,120	22,103	26,044	28,399	31,290	34,233	36,118	38,415
EBITDA ¹	-	-	-	-	-	-	-	-	14,002	17,319	18,176	20,034	22,097	24,885	26,712
EBIT ¹	3,677	3,955	1,325	1,536	2,224	3,052	7,776	11,557	14,749	18,059	18,698	20,558	22,518	23,696	25,403
Operating Margin	48.11%	47.72%	19.76%	25.9%	36.75%	42.44%	57.57%	63.78%	66.73%	69.34%	65.84%	65.7%	65.78%	65.61%	66.13%
Earnings before Tax (EBT) ¹	2,865	1,805	475	613	1,289	2,209	6,981	10,522	14,106	17,279	17,878	19,610	21,621	23,717	25,125
Net income ¹	3,003	1,618	656	680	1,414	2,043	6,188	9,243	12,285	14,881	14,770	15,903	17,339	18,784	20,408
Net margin	39.29%	19.52%	9.79%	11.47%	23.37%	28.41%	45.81%	51.01%	55.58%	57.14%	52.01%	50.83%	50.65%	52.01%	53.13%
EPS ²	0.1180	0.0640	0.0260	0.0270	0.0570	0.0820	0.2480	0.3710	0.4930	0.5980	0.5948	0.6418	0.7025	0.7619	0.8301
Dividend per Share ²	0.004000	0.004000	0.004000	0.004000	0.004000	0.004000	-	0.004000	-	-	0.0100	0.0100	0.0100	0.0100	0.0100
Announcement Date	16/02/22	25/05/22	24/08/22	16/11/22	22/02/23	24/05/23	23/08/23	21/11/23	21/02/24	22/05/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: January	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	8,906	4,598	10,262	2,343	16,275	56,161	1,24,776	2,08,443
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	4,272	4,694	8,132	3,808	27,021	59,283	79,601	91,787
ROE (net income / shareholders' equity)	33.2%	43.2%	51.8%	34.3%	99.3%	107%	82.5%	67.6%
ROA (Net income/ Total Assets)	18.3%	18.8%	30.9%	19.6%	60.4%	73.5%	62%	50%
Assets ¹	15,304	23,054	31,605	22,286	49,233	86,051	1,37,812	2,05,076
Book Value Per Share ²	0.4900	0.6800	1.050	0.8800	1.720	3.500	6.170	9.390
Cash Flow per Share ²	0.1900	0.2300	0.3600	0.2300	1.130	2.560	3.590	4.500
Capex ¹	489	1,128	976	1,833	1,069	1,603	2,268	2,885
Capex / Sales	4.48%	6.76%	3.63%	6.8%	1.75%	1.34%	1.41%	1.53%
Announcement Date	13/02/20	24/02/21	16/02/22	22/02/23	21/02/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for NVIDIA Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

127.4 USD

Average target price

135.4 USD

Spread / Average Target

+6.28%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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