NVDA Pro Rating Report

YCharts Stock Report | Mar 7, 2021 04:55PM ET
NVIDIA Corp (NVDA)
NVDA may be excessively priced or has questionable fundamentals. The

Neutral numbers don't tell a clear story.
Value Score Fundamental Score Valuation from Historical Mult.

Average (4/10) Strong (9/10) 11.65% under
Key Statistics
Price Mar 5, 20:00 498.46 Revenue (TTM) 16.68B PE Ratio 72.35

52 Week High (Daily) 614.90 Revenue (Qtrly YoY Growth) 61.13% PS Ratio 18.77
52 Week Low (Daily) 180.68 Net Income (Quarterly) 1.457B Profit Margin (Quarterly) 29.12%
Market Cap 309.05B EPS Diluted (Quarterly) 2.31 Return on Equity 30.32%
Enterprise Value 304.45B EPS Diluted (Qtrly YoY Growth) 50.98% Beta (5Y) 1.416
Company Description
Exchange: NASDAQ Sector: Technology Industry: Semiconductors
Nvidia is the leading designer of graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a
variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has
broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial
intelligence and autonomous driving, which leverage the high-performance …
Price Performance, 5 Years
NVDA 498.46
1 Year Total Returns Performance Profitability
NVDA 82.58% INTC 9.38% Revenue 5.003B Total Expenses 3.496B

AMD 63.21% MU 65.54% (Quarterly) (Quarterly)
Net Income 1.457B
(Quarterly)
©2021 YCharts, Inc. All Rights Reserved. YCharts, Inc. ('YCharts') is not registered with the U.S. Securities and Exchange Commission (or with the securities regulatory authority or body of any state or any other jurisdiction) as an investment adviser, broker-dealer or in any other capacity, and
does not purport to provide investment advice or make investment recommendations. This report has been generated through application of the analytical tools and data provided through ycharts.com and is intended solely to assist you or your investment or other adviser(s) in conducting investment research.
You should not construe this report as an offer to buy or sell, as a solicitation of an offer to buy or sell, or as a recommendation to buy, sell, hold or trade, any security or other financial instrument. For further information regarding your use of this report, please go to: https://get.ycharts.com/disclosure/
NVIDIA Corp (NVDA)
Pro Value Score
Average (4/10)
NVDA has an average value score. It sits right in the middle of the market. It's possible that patience will allow
you to buy at a better price.
Value Score Components About the Value Score
The items below are the key metrics in the Value Score. The bars The Value Score is the most important element of the Y-Rating. It
beneath the metric show which quintile the company falls in compared is highly historically predictive. Portfolios of stocks with a Value
to the whole market. For example, if a stock has 4 bars colored for Score of 10 historically outperformed the S&P500 substantially, and
Earnings Yield, it's earnings yield is between the 60th and 80th portfolios of stocks with a score of 1 substantially underperformed the
percentile in the market. S&P 500.
The Value Score is a composite score. It tells you how much you
Earnings Yield: 1.38% are getting in terms of profits, cash flows, assets, sales, etc. for the
Earnings per share from the previous four quarters divided by the price that you pay. It is a relative measurement, so it says nothing
share price. about the overall level of the market. Rather, it answers the question:
"Given the current market level, which stocks give you the most current
value for your dollar of investment?" Tens are the most value, and 1s
are the least.
Continuing Ops Earnings Yield: 1.38% Use it to find companies that are selling at a low price relative to
Removes discontinued operations from the earnings yield figure to be their assets and profits, but watch out for companies with a lot of
more forward-looking. uncertainty or bad prospects for the future (e.g. Pharma companies
with expiring patents, industries on the decline, etc.).
Adjusted Cash Earnings Yield: 1.76% Historical Results

Cash generated per dollar of investment. Calculated as net income
plus depreciation and amortization per share divided by the share This chart shows the value of $1 invested in portfolios of companies
price. with different Value Scores, based on historical tests.
Book to Market: 0.0547

Book value (historical cost) of a company's equity compared to its
market capitalization.
Dividends Yield: 0.13%

Estimated annual dividends per share, divided by the current price per
share.
Value score of companies in portfolio.

Market Cap to Sales Ratio: 18.53
10 7 4 1
Market Cap divided by total revenues. Most useful for comparing 9 6 3 S&P 500
companies within industries.
8 5 2
NVIDIA Corp (NVDA)
Pro Fundamental Score
Strong (9/10)
NVDA has a strong fundamental score. The company looks strong, but check failed tests carefully for possible
weakness.
The Fundamental Tests About the Fundamental Score
The fundamental tests shown below tend to be absolute positive or The fundamental score is ten basic pass/fail tests which together
negative factors. These tests can be used to roughly gauge the give a sense of whether has a strong foundation to pay its bills
fundamental health of the company. and survive. It is helpful for identifying bad companies, but does not
predict market-beating returns.
EPS Growth > 0: Pass Look for scores of 7 or higher to avoid bad companies, and look at
Tests whether average earnings in the most recent years are higher individual pass/fail marks to find possible problem points for deeper
than average earnings in previous years. investigation.
Watch out for failed Fundamental Checks - if a company fails one,
check some of its peer companies to see if they fail too (eg, many tech
Revenue Growth > 0: Pass
stocks do not pay dividends). If a company is different than its peers,
Tests whether average revenue in the most recent years is higher than find out why.
average revenue in previous years. Portfolios of companies with scores below 5 tend to perform very
poorly. Portfolios of companies with scores of 5-6 underperform the
Five Year Avg. ROE > 5%: Pass S&P 500 slightly, but can have major winners and losers, so they
ROE = 5% means that a company earns 5 cents on every dollar should be considered carefully. Portfolios of companies with scores of
invested by shareholders. NVDA's 5 yr. avg ROE is 36.72%. 7 or higher tend to match the S&P 500 over long periods.
10 Yr. Min Gross Margin > 0: Pass

Historical Results
If a company fails this test, it has sold its goods or services below cost
in a given year. 6% of companies currently pass this test. This chart shows value of $1 invested in portfolios with various
Fundamental Score, based on historical tests.
Book Value per Share Growth > 0: Pass
Shrinking book value is often a negative sign since it is associated with
shrinking assets.
Current Ratio > 1: Pass

Checks whether a company can cover its current liabilities with its
current assets. NVDA's Current Ratio is 4.090.
D/E Ratio < 13: Pass

Companies that take on heavy levels of debt can become insolvent.
Look at those levels carefully. NVDA has a D/E Ratio of 0.4122.
Long Term Avg. Cash Flow > 0: Pass

Fundamental score of companies in portfolio.
NVDA has earned an average of 2.202B over the past 10 years or the
life of the company (whichever is shorter). 7 to 10 0 to 4
5 to 6 S&P 500
Long Term Debt < 5 x Net Income: Pass
Companies that pass this test essentially can pay off their debt in 5
years. NVDA long term debt is 0.7272 times average net income.
Never Missed a Dividend Payment: Fail

Companies that are worried about earning power cannot pay
dividends. NVDA has not consistently paid dividends over the past 10
years or the life of the company (whichever is shorter).
NVIDIA Corp (NVDA)
Pro Valuation from Historical Multiples
11.65% under Valuation from Historical Multiple
Last Price 3/5/2021 20:00 498.46

Valuation (Historical Mult.) 564.16
PE Method 750.03
PS Method 378.30
NVDA's price is 11.65% under its historical valuation. YCharts recommends looking for recent developments
that caused the market to be pessimistic.
Valuation Method Details About the Valuation from Historical Multiples
Below are the detailed calculations that comprise the valuation. The Valuation from Historical Multiples compares the current
valuation of the stock to the same company's historical valuation.
PE Method 750.03 For example, If investors used to pay $15 for $1 of earnings but now
only pay $10 for $1 of earnings, the company looks undervalued
This valuation method corrects for recent price changes by assuming
relative to its past.
that a company has a 'natural' PE Ratio based on history. It will
generally show companies experiencing bad times relative to the recent It can be used as a reality check and reason to dig deeper into the
past as undervalued and companies that have performed strongly news about a company. If a company is valued differently today than it
relative to the recent past as overvalued. was in the past, there must be a good reason. If you cannot find a
convincing reason, consider making a purchase or sale.
PE Ratio (5 year avg) x Earnings per Share = PE Method Val. Watch out for companies with extremely positive or negative recent
108.86 6.89 750.03
news, or companies with earnings or sales that frequently fluctuate.
For such companies, earnings and sales multiples are unreliable
PS Method 378.30 measurements of valuation.
Price to Sales multiples are attractive for valuation because sales For companies with temporary shocks affecting the current price, it
figures tend to be more stable than earnings. This means that will correctly predict when stocks are undervalued. When shocks
valuations fluctuate less year-to-year with a PS multiple than a PE affecting the current price are permanent, it will incorrectly predict
multiple. Still, be skeptical of this valuation when a company has valuations.
experienced stellar recent growth.
PS Ratio (3 year avg) x Sales per Share = PS Method Val.

14.25 26.55 378.30
Valuation from Historical Multiples 564.16

The fair value estimate is the average of the two valuations above.
PE + PS = Sum ÷ # of = Val (Hist.

750.03 378.30 1128.33 valuations Mult.)
2 564.16
NVIDIA Corp (NVDA)
Performance
Historical performance is a good guide for the future, but it is imperfect. Pay attention to a company's history, but be realistic about what you can
project into the future.
Earnings Yield vs Dividend Yield 5 Year Total Returns Performance
Yields show how much you are getting for the price you pay. For Returns from price appreciation only give a partial view of the returns to
example, an earnings yield of 8% means that for every dollar you pay, an investor. This total returns chart shows the returns to an investor
you get 8 cents worth of current earnings. Take these numbers into from both price appreciation and dividends (dividends are assumed to
account when buying to see if you are over-paying or getting a good be reinvested).
deal. Price 498.46
Earnings Yield 1.38% Total Return Price 498.46
Dividend Yield 0.13%
Price vs Earnings
Reinvestment Strategy
In the long run, the price and earnings of a company are correlated. If
Return on Invested Capital (ROIC) tells you how much income a the two metrics are diverging, there should be a good reason why.
company earned after investing $1 in its business. The Payout Ratio Divergence without reason can signal danger or opportunity.
tells what percentage of the company's income it pays to shareholders Price 498.46
instead of reinvesting in its own growth. Watch out for companies that EPS Diluted (TTM) 6.89
pay out very little when their ROIC is low.
Return on Invested Capital 21.39%
Payout Ratio 9.12%
Revenue and Earnings Growth
Revenues show how much the company is selling to customers, while

Efficient Use of Assets net income is what remains for shareholders after the company pays its
expenses. Revenue growth often persists over time, but net income is
Profit margins show what percentage of every dollar of sales turns into more fickle. Watch closely to see if revenue and income grow at similar
earnings. Asset Utilization shows how many dollars of sales a company rates.
gets for each dollar that the company invests in assets. Multiplying the Revenue (TTM) 16.68B
two numbers together gives you Return on Assets which tells you Net Income (TTM) 4.332B
approximately how efficiently the company invests money to earn more
money.
Profit Margin (Quarterly) 29.12%
Asset Utilization (TTM) 0.6867
NVIDIA Corp (NVDA)
Valuation
No matter how good a company is, if the price that you pay to buy it is too high, you won't make much money. These valuation metrics should give
you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.
Price Multiples Enterprise Value Multiples
Price Multiples show how much you get for the price you pay. They can Enterprise Value (EV) multiples tell you would get if you were to buy
fluctuate drastically over time. Looking at price multiples over time and the whole company (including paying off all debt). Similar to price
comparing to those of competitors will help to triangulate a reasonable multiples, they can be compared across time and with peers.
valuation.
Price to Sales Ratio EV / EBITDA

Tells you how much you are paying for one dollar of sales. Tells you how much you pay for one dollar of earnings before interest,
NVDA 18.77 INTC 3.301 taxes, depreciation and amortization if you were buying the whole
AMD 9.800 MU 4.563 company.
NVDA 53.50 INTC 6.833
AMD 55.58 MU 10.60
Price to Earnings Ratio

Tells you how much you are paying for one dollar of earnings.
EV / Revenue
NVDA 72.35 INTC 12.30
AMD 38.49 MU 33.56 Tells you how much you pay for one dollar of sales if you were buying
the whole company.
NVDA 18.26 INTC 3.330
AMD 9.542 MU 4.466
Price to Book
Tells you how much you are paying for one dollar of net assets (net
assets is total assets - total liabilities).
EV / EBIT
NVDA 18.29 INTC 3.045
AMD 16.29 MU 2.493 Tells you how much you pay for one dollar of earnings before interest
and taxes if you were buying the whole company.
NVDA 66.28 INTC 10.09
AMD 70.46 MU 28.50
NVIDIA Corp (NVDA)
Competitors
Comparing a company's operating statistics to those of competitors helps you to benchmark performance. While excellent for detecting competitive
strengths and weaknesses, consider carefully if there are short-term or long-term trends affecting the whole industry.
1 Year Total Returns Comparison Management Effectiveness
This total returns chart shows the returns to an investor from both price NVDA AMD INTC MU
appreciation and dividends (dividends are assumed to be reinvested). Receivables Turnover (Quarterly) 2.011 1.540 2.87 1.519
Here are NVIDIA Corp's total returns compared to the market and Return on Equity 30.32% 65.97% 26.69% 7.88%
some of its peers. High historical total returns are excellent- especially Return on Assets 17.84% 36.13% 14.21% 5.80%
if you held the stock at the time - but returns can change direction Return on Invested Capital 21.39% 58.62% 18.28% 6.86%
quickly. To predict future performance, looking at the business is more
important than looking at historic returns.
NVDA 82.58% Stock Price Performance
AMD 63.21%
INTC 9.38% NVDA AMD INTC MU
MU 65.54% Beta (5Y) (4) 1.416 2.189 0.6835 1.268
1 Month Price Returns (Daily) -8.31% -10.67% 4.40% 9.65%
Year to Date Price Returns (Daily) -4.55% -14.38% 21.92% 18.29%
1 Year Price Returns (Daily) 82.39% 63.21% 6.64% 65.54%
3 Year Price Returns (Daily) 111.5% 559.3% 22.09% 70.92%
Income Statement
NVDA AMD INTC MU

Revenue (TTM) 16.68B 9.763B 77.87B 22.06B
Y-Ratings Revenue (Quarterly YoY Growth) 61.13% 52.52% -1.14% 12.23%
NVDA AMD INTC MU EBITDA (TTM) 5.691B 1.676B 37.95B 9.299B
Y-Rating Neutral NeutralAttractive Neutral
Value Score 4/10 3/10 9/10 4/10 Balance Sheet
Fundamental Score 9/10 7/10 10/10 9/10
Valuation from Hist. Mult. 11.65% -79.83% 18.20% -86.22% NVDA AMD INTC MU
Cash and Short Term Investments 11.56B 2.29B 23.90B 7.032B
(Quarterly)
Current Valuation
Book Value (Per Share) (MRQ) 27.25 4.82 19.95 35.73
NVDA AMD INTC MU Tangible Book Value (Per Share) 16.07 4.392 11.09 34.33
Market Cap (1) 309.05B 95.11B 246.79B 99.48B Book Value (Quarterly) (MRQ) 16.89B 5.837B 81.04B 39.91B
Enterprise Value 304.45B 93.15B 259.29B 98.55B Tangible Book Value (Quarterly) 9.963B 5.319B 45.04B 38.34B
PE Ratio (2) 72.35 38.49 12.30 33.56 Shares Outstanding (MRQ) 620.00M 1.211B 4.063B 1.119B
PEG Ratio 1.380 0.0664 2.638 Debt to Equity Ratio (MRQ) (5) 0.4122 0.0565 0.4492 0.1528
PS Ratio (3) 18.77 9.800 3.301 4.563 Current Ratio (MRQ) 4.090 2.542 1.909 2.906
Price to Book Value 18.29 16.29 3.045 2.493 Total Assets (Quarterly) 28.79B 8.962B 153.09B 53.69B
EV to EBITDA 53.50 55.58 6.833 10.60 Total Liabilities (Quarterly) 11.90B 3.125B 72.05B 13.78B
EV to EBIT 66.28 70.46 10.09 28.50
Operating Earnings Yield (2) 1.45% 1.43% 9.29% 3.39% Notes About Statistics:
Dividend Yield (2) 0.13% 0.00% 2.20% 0.00% TTM: Trailing twelve months
EBITDA: Earnings before interest, taxes, depreciation and amortization
Profitability EBIT: Earnings before interest and taxes
MRQ: Most recent quarter
NVDA AMD INTC MU
Profit Margin (Quarterly) (MRQ) 29.12% 54.90% 29.32% 13.91% 1 Shares outstanding from most recent quarter, current price as of
Operating Margin (TTM) 27.18% 14.02% 30.66% 15.46% report creation
EBITDA Margin (TTM) 34.13% 17.17% 48.73% 42.15% 2 TTM financial data, current price as of report creation
3 MRQ financial data, current price as of report creation
Asset Utilization (TTM) 0.6867 1.417 0.5296 0.4265
4 Calculated using 60 months of monthly returns, or the life of the
Gross Profit Margin (Quarterly) 63.08% 44.73% 56.80% 30.07%
stock, whichever is shorter (no calculations made for stocks with lives
(MRQ)
shorter than 36 months)
5 Equity taken at book value
NVIDIA Corp (NVDA)
Income Statement
Revenue (TTM): 16.68B Total Expenses (TTM): 12.14B Net Income (TTM): 4.332B
Income 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Operating Revenue 3.181B 2.205B 2.22B 2.579B 3.014B 3.105B 3.08B 3.866B 4.726B 5.003B
Revenue 3.181B 2.205B 2.22B 2.579B 3.014B 3.105B 3.08B 3.866B 4.726B 5.003B
Cost of Goods Sold 1.26B 998.00M 924.00M 1.038B 1.098B 1.09B 1.076B 1.591B 1.766B 1.847B
Gross Profit 1.921B 1.207B 1.296B 1.541B 1.916B 2.015B 2.004B 2.275B 2.96B 3.156B
SG&A Expense 258.00M 266.00M 264.00M 266.00M 277.00M 287.00M 293.00M 627.00M 515.00M 503.00M
Research and Development 605.00M 647.00M 674.00M 704.00M 712.00M 738.00M 735.00M 997.00M 1.047B 1.146B
Expense
Operating Interest Expense 15.00M 14.00M 13.00M 13.00M 13.00M 13.00M 25.00M 54.00M 53.00M 53.00M
Operating Interest Income 37.00M 42.00M 44.00M 47.00M 45.00M 41.00M 31.00M 13.00M 7.00M 7.00M
Net Operating Interest Income 22.00M 28.00M 31.00M 34.00M 32.00M 28.00M 6.00M -41.00M -46.00M -46.00M
Total Operating Expenses 863.00M 913.00M 938.00M 970.00M 989.00M 1.025B 1.028B 1.624B 1.562B 1.649B
Operating Income 1.058B 294.00M 358.00M 571.00M 927.00M 990.00M 976.00M 651.00M 1.398B 1.507B
Non-Operating Interest Income 37.00M 42.00M 44.00M 47.00M 45.00M 41.00M 31.00M 13.00M 7.00M 7.00M
Non-Operating Interest Expense 15.00M 14.00M 13.00M 13.00M 13.00M 13.00M 25.00M 54.00M 53.00M 53.00M
Net Non-Operating Interest 22.00M 28.00M 31.00M 34.00M 32.00M 28.00M 6.00M -41.00M -46.00M -46.00M
Income Expense
Other Income and Expenses 1.00M 2.00M 1.00M -1.00M -1.00M -4.00M 9.00M
Net Interest Income 22.00M 28.00M 31.00M 34.00M 32.00M 28.00M 6.00M -41.00M -46.00M -46.00M
Pre-Tax Income 1.081B 324.00M 389.00M 606.00M 959.00M 1.016B 981.00M 609.00M 1.348B 1.47B
Provision for Income Taxes -149.00M -242.00M -5.00M 54.00M 60.00M 65.00M 64.00M -13.00M 12.00M 13.00M
Income from Continuing Operations 1.23B 566.00M 394.00M 552.00M 899.00M 951.00M 917.00M 622.00M 1.336B 1.457B
Net Income 1.23B 566.00M 394.00M 552.00M 899.00M 951.00M 917.00M 622.00M 1.336B 1.457B
Normalized Income 1.23B 566.00M 394.00M 552.00M 899.00M 951.00M 917.00M 622.00M 1.336B 1.457B
EBITDA 1.164B 416.00M 493.00M 711.00M 1.064B 1.135B 1.113B 1.067B 1.70B 1.811B
Reconciled Depreciation 68.00M 78.00M 91.00M 92.00M 92.00M 106.00M 107.00M 404.00M 299.00M 288.00M
EBIT 1.096B 338.00M 402.00M 619.00M 972.00M 1.029B 1.006B 663.00M 1.401B 1.523B
Basic EPS 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
EPS Basic from Continuing 2.02 0.93 0.65 0.91 1.47 1.55 1.49 1.01 2.16 2.35
Operations
Normalized Basic EPS 2.02 0.93 0.65 0.91 1.47 1.55 1.49 1.01 2.16 2.35
EPS Basic 2.02 0.93 0.65 0.91 1.47 1.55 1.49 1.01 2.16 2.35
Diluted EPS 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
EPS Diluted from Continuing 1.97 0.92 0.64 0.90 1.45 1.53 1.47 0.99 2.12 2.31
Operations
Normalized Diluted EPS 1.97 0.92 0.64 0.90 1.45 1.53 1.47 0.99 2.12 2.31
EPS Diluted 1.97 0.92 0.64 0.90 1.45 1.53 1.47 0.99 2.12 2.31
Shares Data 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Average Basic Shares Outstanding 609.00M 608.00M 607.00M 609.00M 610.00M 609.00M 614.00M 616.00M 618.00M 620.00M
Average Diluted Shares Outstanding 625.00M 622.00M 616.00M 616.00M 618.00M 621.00M 622.00M 626.00M 630.00M 634.00M
Dividend Per Share 0.15 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16
NVIDIA Corp (NVDA)
Balance Sheet
Total Assets (Quarterly): 28.79B Total Liabilities (Quarterly): 11.90B Shareholders Equity (Quarterly): 16.89B
Assets 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Cash and Equivalents 721.00M 782.00M 2.772B 7.105B 9.765B 10.90B 15.49B 3.274B 2.251B 847.00M
Short Term Investments 6.87B 6.64B 5.03B 1.37B 4.00M 1.00M 860.00M 7.707B 7.888B 10.71B
Cash and Short Term Investments 7.591B 7.422B 7.802B 8.475B 9.769B 10.90B 16.35B 10.98B 10.14B 11.56B
Accounts Receivable 2.219B 1.424B 1.242B 1.561B 1.455B 1.657B 1.907B 2.084B 2.546B 2.429B
Total Receivables 2.219B 1.424B 1.242B 1.561B 1.455B 1.657B 1.907B 2.084B 2.546B 2.429B
Raw Materials Inventory 634.00M 613.00M 484.00M 362.00M 255.00M 249.00M 341.00M 320.00M 455.00M 632.00M
Work in Process Inventory 259.00M 238.00M 189.00M 203.00M 265.00M 265.00M 287.00M 516.00M 380.00M 457.00M
Finished Goods Inventory 524.00M 724.00M 753.00M 639.00M 527.00M 465.00M 500.00M 565.00M 660.00M 737.00M
Inventories 1.417B 1.575B 1.426B 1.204B 1.047B 979.00M 1.128B 1.401B 1.495B 1.826B
Prepaid Expenses 159.00M 136.00M 159.00M 151.00M 149.00M 157.00M 195.00M 215.00M 213.00M 239.00M
Total Current Assets 11.39B 10.56B 10.63B 11.39B 12.42B 13.69B 19.58B 14.68B 14.39B 16.06B
Properties 0.00 0.00 0.00
Land and Improvements 218.00M 218.00M 218.00M
Buildings and Improvements 339.00M 340.00M 341.00M
Machine, Furniture & Equipment 700.00M 982.00M 1.273B
Other Properties 516.00M 2.009B 2.019B 2.044B 1.15B 2.31B 2.665B 2.74B 1.489B
Construction in Progress 107.00M 320.00M 558.00M

Leases 291.00M 293.00M 385.00M
Gross PP&E 2.171B 2.009B 2.019B
3.303B 2.044B 2.31B 2.665B 2.74B 4.264B
Accumulated D&A -767.00M -1.011B -1.408B
Net PP&E 1.292B 1.404B 2.009B 2.019B
2.292B 2.044B 2.31B 2.665B 2.74B 2.856B
Goodwill 618.00M 618.00M 618.00M 618.00M 618.00M
618.00M 628.00M 4.193B 4.193B 4.193B
Other Intangible Assets 49.00M 45.00M 54.00M 49.00M
49.00M 43.00M 80.00M 2.854B 2.861B 2.737B
Goodwill and Intangibles 667.00M 663.00M 672.00M 667.00M 661.00M
667.00M 708.00M 7.047B 7.054B 6.93B
Long Term Investments 77.00M 106.00M 144.00M
Long Term Deferred Assets 560.00M 601.00M 588.00M 569.00M 548.00M 533.00M 630.00M 666.00M 806.00M
Other Long Term Assets 312.00M 108.00M 110.00M 110.00M 116.00M 32.00M 119.00M 157.00M 119.00M 67.00M
Total Long Term Assets 2.271B 2.735B 3.392B 3.384B 3.39B 3.625B 3.67B 10.50B 12.49B 12.74B
Total Assets 13.66B 13.29B 14.02B 14.78B 15.81B 17.32B 23.25B 25.18B 26.88B 28.79B
Liabilities 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Accounts Payable 902.00M 511.00M 368.00M 437.00M 591.00M 687.00M 761.00M 893.00M 1.097B 1.201B
Current Tax Payable 40.00M 91.00M 107.00M 37.00M 52.00M 61.00M 74.00M 52.00M 70.00M 61.00M
Other Payables 23.00M 21.00M 18.00M 78.00M 101.00M
Total Payables 942.00M 602.00M 498.00M 495.00M 661.00M 748.00M 913.00M 1.046B 1.167B 1.262B
Accrued Expenses 529.00M 574.00M 465.00M 515.00M 526.00M 775.00M 653.00M 953.00M 1.09B 1.194B
Payables and Accrued Expenses 1.471B 1.176B 963.00M 1.01B 1.187B 1.523B 1.566B 1.999B 2.257B 2.456B
Other Current Borrowings 3.00M 998.00M 999.00M
Current Portion of Long Term Debt 3.00M 998.00M 999.00M
Current Capital Lease Obligation 80.00M 84.00M 89.00M 91.00M 100.00M 124.00M 116.00M 121.00M
Current Debt & Capital Lease 3.00M 80.00M 84.00M 89.00M 91.00M 100.00M 124.00M 1.114B 1.12B
Obligation
Current Deferred Revenue 80.00M 92.00M 85.00M 127.00M 119.00M 141.00M 174.00M 222.00M 235.00M 288.00M
Current Deferred Liabilities 80.00M 92.00M 85.00M 127.00M 119.00M 141.00M 174.00M 222.00M 235.00M 288.00M
Other Current Liability 54.00M 61.00M 55.00M 96.00M 80.00M 29.00M 63.00M 65.00M 63.00M 61.00M
Total Current Liabilities 1.608B 1.329B 1.183B 1.317B 1.475B 1.784B 1.903B 2.41B 3.669B 3.925B
Non-Current Portion of Long Term 1.987B 1.988B 1.988B 1.989B 1.99B 1.991B 6.959B 6.96B 5.963B 5.964B
Debt
Long Term Cap Lease Obligation 0.00 486.00M 483.00M 469.00M 561.00M 519.00M 611.00M 604.00M 634.00M
Non-Current Portion of LTD and 1.987B 1.988B 2.474B 2.472B 2.459B 2.552B 7.478B 7.571B 6.567B 6.598B
Capital Lease Obligation
Long Term Deferred Tax Liabilities 23.00M 19.00M 21.00M 23.00M 25.00M 29.00M 32.00M 274.00M 258.00M 241.00M
Non-Current Deferred Revenue 40.00M 46.00M 49.00M 54.00M 57.00M 60.00M 67.00M 120.00M 147.00M 163.00M
Non-Current Deferred Liabilities 80.00M 86.00M 70.00M 77.00M 82.00M 89.00M 99.00M 394.00M 405.00M 404.00M
Pension Liability 19.00M 20.00M 21.00M 22.00M 22.00M 22.00M 23.00M 38.00M 40.00M 33.00M
Other Long Term Liabilities 19.00M 13.00M 11.00M 24.00M 25.00M 26.00M 33.00M 43.00M 48.00M 46.00M
Total Long Term Liabilities 2.574B 2.621B 3.134B 3.122B 3.121B 3.327B 8.252B 8.856B 7.878B 7.973B
Total Liabilities 4.182B 3.95B 4.317B 4.439B 4.596B 5.111B 10.16B 11.27B 11.55B 11.90B
Shareholder's Equity 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Total Capital Stock 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M 1.00M
Retained Earnings 12.10B 12.56B 12.86B 13.32B 14.12B 14.97B 15.79B 16.31B 17.55B 18.91B
Additional Paid In Capital 5.891B 6.051B 6.317B 6.543B 6.824B 7.045B 7.354B 7.828B 8.301B 8.721B
Treasury Stock 8.489B 9.263B 9.474B 9.524B 9.726B 9.814B 10.04B 10.23B 10.53B 10.76B
Accrued Comprehensive Inc -24.00M -12.00M -2.00M -1.00M -3.00M 1.00M -10.00M 4.00M 12.00M 19.00M
Shareholders Equity 9.475B 9.342B 9.704B 10.34B 11.21B 12.20B 13.10B 13.91B 15.33B 16.89B
NVIDIA Corp (NVDA)
Cash Flow
Cash from Operations (Quarterly): 2.067B Cash from Investing (Quarterly): -3.129B Cash from Financing (Quarterly): -342.00M
Cash Flow - Operations 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Net Income 1.23B 566.00M 394.00M 553.00M 898.00M 951.00M 917.00M 622.00M 1.336B 1.457B
Total Depreciation and 68.00M 78.00M 91.00M 92.00M 92.00M 106.00M 107.00M 404.00M 299.00M 288.00M
Amortization
Total Depreciation, Amortization, 68.00M 78.00M 91.00M 92.00M 92.00M 106.00M 107.00M 404.00M 299.00M 288.00M
Depletion
Deferred Taxes -83.00M -345.00M -42.00M 15.00M 22.00M 23.00M 16.00M -80.00M -53.00M -165.00M
Stock Based Compensation 138.00M 157.00M 178.00M 223.00M 223.00M 220.00M 224.00M 374.00M 383.00M 416.00M
Other Noncash Items -13.00M -10.00M -2.00M 3.00M 4.00M 0.00 4.00M -9.00M 3.00M -18.00M
Change in Receivables -557.00M 794.00M 182.00M -319.00M 105.00M -201.00M -249.00M 44.00M -462.00M 117.00M
Change in Inventories -325.00M -156.00M 153.00M 225.00M 153.00M 66.00M -151.00M 54.00M -93.00M -334.00M
Change in Prepaid Assets -24.00M 13.00M 5.00M 31.00M 19.00M 22.00M -8.00M 42.00M -443.00M 15.00M
Change in Payables and Accrued 103.00M -250.00M -252.00M 128.00M 112.00M 260.00M 39.00M 105.00M 256.00M 202.00M
Expense
Change in Other Working Cap -50.00M 51.00M 13.00M -15.00M 12.00M 18.00M 10.00M 11.00M 53.00M 89.00M
Changes in Working Capital -853.00M 452.00M 101.00M 50.00M 401.00M 165.00M -359.00M 256.00M -689.00M 89.00M
Cash from Operations 487.00M 898.00M 720.00M 936.00M 1.64B 1.465B 909.00M 1.567B 1.279B 2.067B
Cash Flow - Investing 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Net Change in Capital Expenditures -150.00M -203.00M -128.00M -113.00M -103.00M -145.00M -155.00M -217.00M -473.00M -283.00M
Net Divestitures (Acquisitions) 0.00 0.00 0.00 -4.00M -34.00M -7.137B -1.353B 0.00
Total Net Change in Investments 369.00M 243.00M 1.623B 3.658B 1.359B -2.00M -866.00M -6.136B -175.00M -2.846B
Cash from Investing 219.00M 40.00M 1.495B 3.545B 1.256B -151.00M -1.055B -13.49B -2.001B -3.129B
Cash Flow - Financing 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Net Change in Long Term Debt -10.00M -4.00M 0.00 0.00 0.00 0.00 4.979B -8.00M 0.00 -3.00M
Net Debt Issuance -10.00M -4.00M 0.00 0.00 0.00 0.00 4.979B -8.00M 0.00 -3.00M
Common Stock Payments -200.00M -724.00M
Net Common Equity Issued -200.00M -724.00M
(Purchased)
Total Common Dividends Paid -91.00M -98.00M -97.00M -98.00M -97.00M -98.00M -98.00M -99.00M -99.00M -99.00M
Total Dividends Paid -91.00M -98.00M -97.00M -98.00M -97.00M -98.00M -98.00M -99.00M -99.00M -99.00M
Proceeds from Stock Option 66.00M 2.00M 83.00M 0.00 63.00M 3.00M 88.00M 6.00M 96.00M 4.00M
Exercised
Cash from Other Financing Activities -468.00M -53.00M -211.00M -50.00M -202.00M -88.00M -225.00M -196.00M -298.00M -244.00M
Cash from Financing -703.00M -877.00M -225.00M -148.00M -236.00M -183.00M 4.744B -297.00M -301.00M -342.00M
Ending Cash 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Beginning Cash 718.00M 721.00M 782.00M 2.772B 7.105B 9.765B 10.90B 15.49B 3.274B 2.251B
Change in Cash 3.00M 61.00M 1.99B 4.333B 2.66B 1.131B 4.598B -12.22B -1.023B -1.404B
Ending Cash 721.00M 782.00M 2.772B 7.105B 9.765B 10.90B 15.49B 3.274B 2.251B 847.00M
Additional Items 2018-10 2019-01 2019-04 2019-07 2019-10 2020-01 2020-04 2020-07 2020-10 2021-01
Issuance of Debt 0.00 0.00 0.00 0.00 4.979B -8.00M 0.00 -3.00M
Debt Repayment -10.00M -4.00M
Repurchase of Capital Stock -200.00M -724.00M
NVIDIA Corp (NVDA)
The YCharts Rating System
How it Works Why Ratings are Different From Analysts
The Rating system involves three key elements that combine together Some YCharts followers are concerned that our attractiveness ratings
to create one attractiveness rating - the Y-Rating. To see how those sometimes disagree with those of analysts and their own perceptions.
elements work, take some time to look through the key indicators: First, consider the record of analysts. There is a great deal of
Value Score (p.2), Fundamental Score (p.3), Valuation from Historical research showing that analysts are overly optimistic about the stocks
Multiples (p.4) that they cover. Consider the image below, which shows the
percentage of stocks in the S&P 500 with a mean rating of "Sell" or
The Y-Rating "Hold/Sell." As you can see, the numbers never top 10%, meaning that
analysts rated more than 90% of stocks "Hold," "Hold/Buy" or "Buy" at
all times during the past 14 years.
Percent of S&P 500 stocks with mean analyst rating of 'Sell' or

'Hold/Sell'
The Y-Rating is a single summary score that takes into account our 3
key indicators: Value Score, Fundamental Check, and Valuation
(Historical Multiples). In a glance, it will give you a sense of the safety
and return possibility of the stock.
Be aware that it will often miss stocks with a huge potential for gains
because big gains are correlated with high risk. Also, it sometimes
misses the decline of industries which were profitable for long periods
of time.
To receive an overall "Attractive" rating, a stock must:
• Receive a Value Score of 9 or 10
• Receive a Fundamental Check score of 7 or higher
• Have a Historical Value greater than its current price
To receive an overall "Avoid" rating, a stock only needs to have
"Weak" fundamentals - a Fundamental Check score of 4 or lower. That might be alright if analysts consistently picked winners in their
We rate all other companies "Neutral," since based on our testing "Buy" category. There is some evidence that top analysts can pick
we do not have strong quantitatively-backed reason to believe that they winners, but those analysts are rare, and finding them is arguably as
will underperform or outperform the market significantly as part of a difficult as finding winning stocks.
portfolio Further, there is strong evidence from scholarly research that
analysts are over-optimistic about future prices and long term growth
rates.
Our system, on the other hand, was built based on intensive study
and rigorous testing. We searched for relationships between stock
prices and company financials that predicted returns over long periods
of time. We documented predictive relationships and can now direct
you to companies that look similar to those that historically grew in
value. While there is no way to guarantee that what worked in the past
will work equally well in the future, we view it as the best possible
starting point.
NVIDIA Corp (NVDA)
Disclosure
IMPORTANT DISCLOSURES
This report does not reflect the performance of any account actually managed by your Adviser. This is
supplemental material, and when applicable, should be accompanied by a prospectus or equivalent
document.
The data contained in or used in generating this report has not been audited or verified by your
Adviser or any other party, and any use of this report should be made with this understanding. This
report is not an official account statement or other official document of your Adviser or any other
party.
This report does not constitute legal or tax advice. Please consult with your legal and tax advisors for
such advice.
INVESTMENTS IN SECURITIES INVOLVE INVESTMENT RISKS, INCLUDING POSSIBLE LOSS
OF PRINCIPAL AND FLUCTUATION IN VALUE. See “INVESTMENT RISKS” below for a brief
summary of certain risks. The investment return and principal value of securities and other financial
instruments will fluctuate so that an investor's investments, when sold or redeemed, may be worth
more or less than the original cost. Investment results are not guaranteed. No investment strategy
(including asset allocation and diversification strategies) can guarantee a profit or protect against a
loss of principal.
THIS REPORT IS NOT AN INVESTMENT PERFORMANCE REPORT. DO NOT RELY ON THIS
REPORT AS PORTRAYING, OR CONTAINING PERFORMANCE OF, AN ACTUAL ACCOUNT.
THIS REPORT SHOWS HYPOTHETICAL OR SIMULATED RETURNS OF portfolio(S) AND IS
FOR ILLUSTRATIVE PURPOSES ONLY. This report is not intended to and does not predict or show
the actual investment performance of any account. A portfolio represents an investment in a
hypothetical weighted blend of securities which, together with other inputs, were selected by you
and/or your Adviser and, accordingly, a portfolio should be used for illustrative purposes only.
The performance of a portfolio is calculated by taking a weighted average of the stated target weights
and the securities’ total return, assuming reinvestment of all dividends and other distributions on the
related ex-date, since the latest rebalance date. The portfolio(s) portrayed in this report are assumed
to rebalance to the exact designated weights on a monthly, quarterly or annual basis, whichever you
and/or your Adviser selected in generating this report. The performance illustrated in this report may
assume that rebalancing occurred in a manner different from how your Adviser rebalances a client
portfolio. Your Adviser may recommend rebalancing when an asset class varies from its targeted
allocation. In general, your Adviser reinvests dividends generated by investments. The way your
Adviser invests dividends may be different than how the portfolio(s) invest dividends.
All stated target weights are based on allocation choices input by your and/or your Adviser. These
weights represent the values used at rebalance periods. All weightings ignore the concept of whole
shares and instead use the exact percentage chosen when creating the portfolio(s).
Unless otherwise noted, no transaction costs (e.g., commissions, sales loads), taxes, or advisory fees
are deducted from the performance results generated by the portfolios(s). Any expense ratio shown is
inclusive of the underlying fees in the securities included in the portfolio(s) (as reported by
Morningstar Inc.), and as such should be considered for illustrative purposes only. As discussed
above, such fees do not include transaction costs (e.g., commissions, sales loads), taxes, or advisory
fees.
The stated yield for a hypothetical portfolio is based on the weighted average of trailing 12-month
yields for the underlying securities. It is no indication or guarantee of future yield.
ACCORDINGLY, ALL portfolio RETURNS ARE HYPOTHETICAL OR SIMULATED AND SHOULD
NOT BE CONSIDERED PERFORMANCE REPORTING. No representation is made that your
investments will achieve results similar to those shown, and actual performance results may differ
materially from those shown. Returns portrayed in this report do not reflect actual trading and
investment activities, but are hypothetical or simulated results of a hypothetical portfolio over the time
period indicated and do not reflect the performance of actual accounts managed by your Adviser or
any other person. The mutual funds and other components of the hypothetical portfolio(s) were
selected with the full benefit of hindsight, after their performance during the time period was known. In
general, hypothetical returns generally exceed the results of client portfolios actually managed by
advisers due to several factors, including the fact that actual portfolio allocations differed from the
allocations represented by the market indices used to create the hypothetical portfolios over the time
periods shown, new research was applied at different times to the relevant indices, and index
performance does not reflect the deduction of any fees and expenses. Results also assume that asset
allocations would not have changed over time and in response to market conditions, which is likely to
have occurred if an actual account had been managed during the time period shown.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. To the extent this report
portrays historical performance of particular securities or other financial instruments, past
performance of such securities or other instruments is not indicative of future results. Further, when
reviewing past performance records of actual accounts, it is important to note that different accounts
(even if they are managed pursuant to the same strategy), can have varying results. The reasons for
this include: 1) the period of time in which the accounts are active; 2) the timing of contributions and
withdrawals; 3) the account size; 4) the minimum investment requirements and/or withdrawal
restrictions; 5) the rate of advisory, brokerage commissions and transaction fees charged to an
account; and 6) restrictions or limitations on whether the account can be rebalanced annually,
quarterly or otherwise.
ALL RISK CALCULATIONS ARE FOR ILLUSTRATIVE PURPOSES ONLY. They are calculated at
the portfolio level using a benchmark (discussed below) selected by you and/or your Adviser. The
benchmark is displayed for comparison purposes and is used to calculate portfolio level risk data
when necessary.
For a glossary of terms relating to risk calculations that may be used in this report, see
“DEFINITIONS,” below.
DO NOT RELY UPON THIS REPORT FOR DETERMINING THE VALUE OF YOUR ASSETS.This
report was generated based on information provided by you and by various other sources. If your
Adviser generated this report, you should consult with your Adviser to determine what sources of
information were used by it in connection with generating this report besides information that was
provided by you. You should refer to official final account statements or other final official documents
you receive from your Adviser or your other financial services providers when determining the value
of your assets.
INVESTMENT RISKS
International/Emerging Market Equities: Investing in international securities involves special additional
risks. These risks include, but are not limited to, currency risk, political risk, and risk associated with
varying accounting standards. Investing in emerging markets may accentuate these risks. Sector
Strategies: Portfolios that invest exclusively in one sector or industry involve additional risks. The lack
of industry diversification subjects the investor to increased industry-specific risks.
Non-Diversified Strategies: Portfolios that invest a significant percentage of assets in a single issuer
involve additional risks, including share price fluctuations, because of the increased concentration of
investments.
Small Cap Equities: Portfolios that invest in stocks of small companies involve additional risks.
Smaller companies typically have a higher risk of failure, and are not as well established as larger
blue-chip companies. Historically, smaller-company stocks have experienced a greater degree of
market volatility than the overall market average.
Mid-Cap Equities: Portfolios that invest in companies with market capitalization below $10 billion
involve additional risks. The securities of these companies may be more volatile and less liquid than
the securities of larger companies.
High-Yield Bonds: Portfolios that invest in lower-rated debt securities (commonly referred to as junk
bonds) involve additional risks because of the lower credit quality of the securities in the portfolio. The
investor should be aware of the possible higher level of volatility, and increased risk of default.
Tax-Free Municipal Bonds: The investor should note that the income from tax-free municipal bond
funds may be subject to state and local taxation and the Alternative Minimum Tax.
Bonds: Bonds are subject to interest rate risk. As the prevailing level of bond interest rates rise, the
value of bonds already held in a portfolio declines. Portfolios that hold bonds are subject to declines
and increases in value due to general changes in interest rates.
Hedge Funds: The investor should note that hedge fund investing involves specialized risks that are
dependent upon the type of strategies undertaken by the fund’s manager. This can include distressed
or event-driven strategies, long/short strategies, using arbitrage (exploiting price inefficiencies),
international investing, and use of leverage, options and/or derivatives. Although the goal of hedge
fund managers may be to reduce volatility and produce positive absolute return under a variety of
market conditions, hedge funds may involve a high degree of risk and are suitable only for investors
of substantial financial means who could bear the entire loss of their investment.
Bank Loan/Senior Debt: Bank loans and senior loans are impacted by the risks associated with fixed
income in general, including interest rate risk and default risk. They are often non-investment grade,
therefore, the risk of default is high. These securities are also relatively illiquid. Managed products that
invest in bank loans/senior debt are often highly leveraged, producing a high risk of return volatility.
Exchange Traded Notes (ETNs): ETNs are unsecured debt obligations. Any repayment of note is
subject to the issuer’s ability to repay its obligations. ETNs do not typically pay interest.
Leveraged ETFs: Leveraged investments are designed to meet multiples of the return performance of
the index they track and seek to meet their daily fund objectives (or other time period stated within the
prospectus objective). The leverage/gearing ratio is the amount of excess return that a leveraged
investment is designed to achieve in comparison to its index performance (i.e., 200%, 300%, or -
300% or 2X, 3X, -2X, -3X). Compounding could affect the performance of the fund to be either greater
or less than the index performance multiplied by the multiple stated within the funds objective over a
stated time period.
Short Positions: When a short position moves in an unfavorable way, the losses are theoretically
unlimited. The broker may demand more collateral and a manager might have to close out a short
position at an inopportune time to limit further losses.
Long-Short: Due to strategies used by long-short funds, which may include but are not limited to
leverage, short selling, short-term trading, and investing in derivatives, these funds may have greater
risk, volatility, and expenses than those focusing on traditional investment strategies.
Liquidity Risk: Closed-end fund, ETF, and HOLDR trading may be halted due to market conditions,
impacting an investor’s ability to sell a fund.
Market Price Risk: The market price of ETFs, HOLDRs, and closed-end funds traded on the
secondary market is subject to the forces of supply and demand and thus independent of the NAV.
This can result in the market price trading at a premium or discount to the NAV, which will affect an
investor’s value.
Market Risk: The market price of ETFs and HOLDRs can fluctuate because of several factors, such
as security-specific factors or general investor sentiment. Therefore, investors should be aware of the
prospect of market fluctuations and the impact it may have on the market price.
Target-Date Funds: Target-date funds typically invest in other mutual funds and are designed for
investors who are planning to retire during the target date year. The fund’s target date is the
approximation date when investors expect to begin withdrawing their money. A target-date fund’s
investment objective/strategy typically becomes more conservative over time, primarily by reducing its
allocation to equity mutual funds and increasing its allocations in fixed-income mutual funds. An
investor’s principal value in a target-date fund is not guaranteed at any time, including the fund’s
target date.
Money Market Funds: Investments in these funds are not guaranteed by the FDIC or any other
government agency. You can lose money by investing in these funds. The fund strives to preserve
your investment, however, it can not guarantee to do so.
INDEXES AND BENCHMARK DISCLOSURES
Indices and benchmarks are unmanaged and cannot be invested in directly. Returns represent past
performance, are not a guarantee of future performance, and are not indicative of any specific
investment. Index return information is provided by vendors and although deemed reliable, is not
guaranteed by YCharts, your Adviser or any other person. Benchmark returns may or may not be
adjusted to reflect ongoing expenses such as sales charges. An investment portfolio may differ
significantly from the securities in the benchmark. Due to timing of information, benchmarks may be
adjusted after the publication of this report. Following is a brief description of the common market
indexes and benchmarks.
Bloomberg Barclays Municipal Bond Index: Covers the USD-denominated long-term tax exempt bond
market. The index has four main sectors: state and local general obligation bonds, revenue bonds,
insured bonds, and prefunded bonds.
Bloomberg Barclays U.S. Aggregate Index: Covers the USD-denominated, investment-grade, fixed-
rate, taxable bond market of SEC-registered securities. The index includes bonds from the Treasury,
Government-Related, Corporate, MBS (agency fixed-rate and hybrid ARM pass-through securities),
ABS, and CMBS sectors.
Bloomberg Commodity Index: A liquid and diversified benchmark for commodities as an asset class.
The index is composed of futures contracts on 19 physical commodities which include oil, metals and
agricultural products such as corn or soybean. The Bloomberg Commodity Index family includes nine
sub-indexes that group commodities based on type, plus single-commodity indexes for each of the 19
individual commodities in the broad index, plus Cocoa, Lead, Platinum and Tin.
Dow Jones U.S. Select REIT Index: Comprised of companies whose charters are the equity
ownership and operation of commercial real estate and which operate under the REIT Act of 1960.
Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. The total return
version of the index is calculated with gross dividends reinvested.
MSCI EAFE® Index-Net Total Return: Measures the equity market performance of developed
markets, excluding the US & Canada. The index returns are calculated with reinvestment of net
dividends after the deduction of applicable non-resident withholding taxes. Prior to July 1, 2016, the
returns of the MSCI EAFE index were calculated with gross dividends, before application of local
taxes, to approximate the maximum possible dividend reinvestment.
MSCI Emerging Markets® Index-Net Total Return: Measures the equity market performance of
emerging markets. The index returns are calculated with reinvestment of net dividends, after the
deduction of applicable nonresident withholding taxes. Prior to July 1, 2016, the returns of the MSCI
Emerging Markets index were calculated with gross dividends, before application of local taxes, to
approximate the maximum possible dividend reinvestment.
S&P 500® Index: Capitalization-weighted index of 500 stocks. The index is designed to measure
performance of the broad domestic economy through changes in the aggregate market value of 500
stocks representing all major industries. The total return version of the index is used, which reflects
the effects of dividend reinvestment.
S&P MidCap 400® Index: Covers 7% of the U.S. equity market and is comprised of companies with
market capitalization in the range of US $1.4 billion to US $5.9 billion. The total return version of the
index is used, which reflects the effects of dividend reinvestment.
S&P SmallCap 600® Index: Covers approximately 3% of the domestic equities market covering
companies with market capitalization in the range of US $400 million to US $1.8 billion. The total
return version of the index is used, which reflects the effects of dividend reinvestment.
DEFINITIONS
The following terms, if used in this Report, have the following meanings:
1. Alpha: Alpha measures the risk and market-adjusted returns for the portfolio. The metric is
calculated on the specified lookback period using the benchmark that is set for the portfolio.
Formula Alpha = Annualized security return - risk free rate - beta * (annualized benchmark return -
risk free rate) * 100
Note: Risk free rate = average 1 month treasury rate throughout the lookback period.
2. Beta: Beta measures the movement of the portfolio in comparison to the benchmark based on the
lookback period. It is a statistical measure that can be used to measure the volatility of price
movements.
Formula Beta = Covariance ( Portfolio Return , Benchmark Return) / Variance (Benchmark Return)
3. Standard Deviation: Standard deviation measures the range of return values that you can
statistically expect from your portfolio compared to its mean return. This measure is annualized for the
specified lookback period.
Formula Standard Deviation = SQRT(Variance of Monthly Returns for Lookback Period)
4. Historical Sharpe: Sharpe measures the risk-adjusted return for the specified lookback period.
Formula Sharpe = (Average monthly return over lookback period) / (Historical standard deviation)
5. Historical Sortino: Sortino Ratio measures the downside risk-adjusted outperformance of the
portfolio versus the benchmark.
Formula Historical Sortino = (Average Monthly Returns - risk free rate) / downside deviation
6. Max Drawdown: Max drawdown is an indicator of the risk of a portfolio chosen based on a certain
strategy. It measures the largest single drop from peak to bottom in the value of a portfolio (before a
new peak is achieved).
Formula: Max Drawdown = (Peak value before largest drop - Lowest value before new high
established) / (Peak value before largest drop)
7. Monthly Value at Risk (VaR) 5%: The VaR calculates the potential loss of an investment with a
given time frame and confidence level. This metric is a statistical measure that gives an idea of the
statistical chance of a drawdown occuring.
8. Dividend Yield (TTM) - For the underlying holdings of the portfolio, the dividend yield measures the
total amount of dividends per share paid over the last 12 months, divided by the price per share of the
security. To calculate the portfolio’s dividend yield, a weighted average of the underlying holdings’
dividend yield is taken.
9. 7-Day SEC Yield - Annualized yield calculated using interest and dividends earned and paid out
over a 7-day period. It is primarily used for money market funds. The unsubsidized version of this yield
reflects what the value would be without any fee waivers or expense reimbursements.
10. 30-Day SEC Yield - Annualized yield calculated using net investment income per share earned
over a 30-day period. The unsubsidized version of this yield reflects what the value would be without
any fee waivers or expense reimbursements.
11. Distribution Yield (TTM) - Measures the total amount of distributions received from common
dividends paid in the underlying holdings over the last 12 months.
12. Weighted Average PE Ratio - A weighted average of each underlying holding’s share price
relative to the net income per share. Stocks that have EPS < 0 are excluded in this calculation.
13. Weighted Average Price to Sales Ratio - A weighted average of each underlying holding’s share
price relative to the sales per share. Stocks that have Revenue per Share < 0 are excluded in this
calculation.
14. Weighted Average Price to Book Ratio - A weighted average of each underlying holding’s share
price relative to the book value per share. Stocks that have Book Value per Share < 0 are excluded in
this calculation.
15. Weighted Median ROE - Return on equity is measured as the Net Income / Average TTM
shareholder’s equity. On the portfolio level, the weighted median ROE of the underlying holdings is
calculated.
16. Expense Ratio - A measure of the fees charged by a fund manager to the investors that own
shares of the fund. The value is a percentage and represents the portion of the investor’s assets that
are paid to the fund manager on a periodic basis.
17. Weighted Median ROA - Return on assets is measured as the Net Income / Average Total assets
of the last 5 quarters. On the portfolio level, the weighted median ROA of the underlying holdings is
calculated.
18. Avg. Market Cap - Market capitalization is the share price multiplied by the total number of shares
outstanding. For the portfolio, an average of the underlying holdings’ market cap is taken.
19. Weighted Avg. Debt to Capital - The debt to capital for underlying stocks is calculated as the total
long-term debt divided by the capital of the firm. Capital is measured as the sum of common equity,
preferred equity, and long term debt. For the portfolio, the weighted average is taken of the underlying
holdings’ debt to capital.
20. Portfolio Rebalance - Each portfolio listed on this report contains a rebalance frequency. This can
be selected when creating portfolio on YCharts. The portfolios are rebalanced to the proper target
weights at each target rebalance point. For monthly rebalancing, the portfolio will rebalance to the
target weight at the end of each calendar month. For quarterly rebalancing, the portfolio will rebalance
to the target weight at the end of each calendar quarter (March 31st, June 30th, September 30th,
December 31st). For annual rebalancing, the portfolio will rebalance to the target weight at the end of
each calendar year. Lastly, if the portfolio never rebalances, the target weights are implemented at
the portfolio inception date, but will not change after that.

NVDA Pro Rating Report

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

NVDA Pro Rating Report

Uploaded by

Copyright:

Available Formats

YCharts Stock Report | Mar 7, 2021 04:55PM ET

NVIDIA Corp (NVDA)

NVDA may be excessively priced or has questionable fundamentals. The

Value Score Fundamental Score Valuation from Historical Mult.

Price Mar 5, 20:00 498.46 Revenue (TTM) 16.68B PE Ratio 72.35

Exchange: NASDAQ Sector: Technology Industry: Semiconductors

Price Performance, 5 Years

1 Year Total Returns Performance Profitability

NVDA 82.58% INTC 9.38% Revenue 5.003B Total Expenses 3.496B

NVIDIA Corp (NVDA)

Pro Value Score

Value Score Components About the Value Score

Adjusted Cash Earnings Yield: 1.76% Historical Results

Book to Market: 0.0547

Dividends Yield: 0.13%

Value score of companies in portfolio.

NVIDIA Corp (NVDA)

Pro Fundamental Score

The Fundamental Tests About the Fundamental Score

10 Yr. Min Gross Margin > 0: Pass

Current Ratio > 1: Pass

D/E Ratio < 13: Pass

Long Term Avg. Cash Flow > 0: Pass

Never Missed a Dividend Payment: Fail

NVIDIA Corp (NVDA)

Pro Valuation from Historical Multiples

11.65% under Valuation from Historical Multiple

Last Price 3/5/2021 20:00 498.46

Valuation Method Details About the Valuation from Historical Multiples

PS Ratio (3 year avg) x Sales per Share = PS Method Val.

Valuation from Historical Multiples 564.16

PE + PS = Sum ÷ # of = Val (Hist.

NVIDIA Corp (NVDA)

Earnings Yield vs Dividend Yield 5 Year Total Returns Performance

Revenue and Earnings Growth

Revenues show how much the company is selling to customers, while

NVIDIA Corp (NVDA)

Price Multiples Enterprise Value Multiples

Price to Sales Ratio EV / EBITDA

Price to Earnings Ratio

NVIDIA Corp (NVDA)

1 Year Total Returns Comparison Management Effectiveness

NVDA AMD INTC MU

NVIDIA Corp (NVDA)

NVIDIA Corp (NVDA)

Construction in Progress 107.00M 320.00M 558.00M

NVIDIA Corp (NVDA)

NVIDIA Corp (NVDA)

The YCharts Rating System

How it Works Why Ratings are Different From Analysts

Percent of S&P 500 stocks with mean analyst rating of 'Sell' or

NVIDIA Corp (NVDA)

You might also like