Novan Fundamentals

NOVN
 Stock
  

USD 2.33  0.03  1.30%   

Novan Inc fundamentals help investors to digest information that contributes to Novan's financial success or failures. It also enables traders to predict the movement of Novan Stock. The fundamental analysis module provides a way to measure Novan'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 Novan stock. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
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Novan Weighted Average Shares Diluted is quite stable at the moment as compared to the past year. The company's current value of Weighted Average Shares Diluted is estimated at 18.41 Million.

Novan Current Valuation Analysis

Novan's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
 2019 2020 2021 2022 (projected)
Tangible Asset Value29.02 M46.75 M53.77 M47.76 M
Market Capitalization84.42 M115.05 M103.55 M115.07 M
Enterprise Value 
 = 
Market Cap + Debt 
-  
Cash 
More About Current Valuation | All Equity Analysis

Current Novan Current Valuation

    
  37.03 M  
Most of Novan's fundamental indicators, such as Current Valuation, 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, Novan Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Novan Current Valuation Historical Pattern

Today, most investors in Novan Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Novan's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Novan current valuation as a starting point in their analysis.
 Novan Current Valuation 
Share
      Timeline 
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Compare to competition

In accordance with the recently published financial statements, Novan Inc has a Current Valuation of 37.03 M. This is 99.74% lower than that of the Healthcare sector and 99.2% lower than that of the Biotechnology industry. The current valuation for all United States stocks is 99.78% higher than that of the company.

Novan Inc Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Novan's current stock value. Our valuation model uses many indicators to compare Novan value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novan competition to find correlations between indicators driving Novan's intrinsic value. More Info.
Novan Inc is considered to be number one stock in beta category among related companies. It is considered to be number one stock in return on asset category among related companies . The value of Average Assets is estimated to slide to about 48.8 M. The Tangible Asset Value is projected to slide to about 47.8 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value Novan by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Novan's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Novan's earnings, one of the primary drivers of an investment's value.

Novan Current Valuation Drivers

We derive many important indicators used in calculating different scores of Novan from analyzing Novan's financial statements. These drivers represent accounts that assess Novan's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Novan's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(629.27 K)(264.02 K)(729.55 K)(1.27 M)(927.88 K)(1 M)
Average Assets34.07 M35.27 M33.78 M44.19 M50.82 M48.78 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(35.7 M)(10.26 M)(28.78 M)(28.17 M)(29.36 M)(31.68 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(34.15 M)(26.53 M)(28.34 M)(28.12 M)(25.31 M)(27.31 M)
Earnings before Tax(36.62 M)(29.24 M)(30.38 M)(29.29 M)(26.36 M)(28.45 M)
Average Equity8.99 M4.97 M(18.12 M)(491.75 K)(565.51 K)(610.16 K)
Enterprise Value64.01 M17.48 M68.28 M72.93 M65.64 M85.49 M
Free Cash Flow(32 M)(29.68 M)(20.3 M)(31.19 M)(28.07 M)(30.28 M)
Invested Capital17.14 M16.51 M8.13 M3.13 M3.6 M3.7 M
Invested Capital Average16.13 M17.68 M6.33 M4.03 M4.64 M7.17 M
Market Capitalization67.48 M21.63 M84.42 M115.05 M103.55 M115.07 M
Tangible Asset Value21.06 M26.29 M29.02 M46.75 M53.77 M47.76 M
Working Capital(5.18 M)289 K2.83 M35.31 M31.78 M34.28 M

Novan Fundamentals

About Novan Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Novan Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novan using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novan Inc 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.
Last ReportedProjected for 2022
Deferred Revenue12.9 M12.3 M
RevenuesMM
Revenue to Assets 0.042894  0.044 
Revenue Per Employee92.4 K97.8 K
Novan, Inc., a pre-commercial nitric oxide-based pharmaceutical company, focuses on dermatology and anti-infective therapies. Novan, Inc. was incorporated in 2006 and is headquartered in Durham, North Carolina. Novan operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 29 people.

Novan Investors Sentiment

The influence of Novan's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Novan. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Novan Implied Volatility

    
  33.87  
Novan's implied volatility exposes the market's sentiment of Novan Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Novan's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Novan stock will not fluctuate a lot when Novan's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Novan in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Novan's short interest history, or implied volatility extrapolated from Novan options trading.

Current Sentiment - NOVN

Novan Inc Investor Sentiment

Most of Macroaxis users are now bullish on Novan Inc. What is your trading attitude regarding investing in Novan Inc? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Additionally, see Novan Piotroski F Score and Novan Altman Z Score analysis. Note that the Novan Inc information on this page should be used as a complementary analysis to other Novan's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Novan Stock analysis

When running Novan Inc price analysis, check to measure Novan'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 Novan is operating at the current time. Most of Novan's value examination focuses on studying past and present price action to predict the probability of Novan's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Novan's price. Additionally, you may evaluate how the addition of Novan to your portfolios can decrease your overall portfolio volatility.
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Is Novan's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novan. If investors know Novan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.61
Market Capitalization
49.2 M
Quarterly Revenue Growth YOY
1.35
Return On Assets
-0.24
Return On Equity
-10.14
The market value of Novan Inc is measured differently than its book value, which is the value of Novan that is recorded on the company's balance sheet. Investors also form their own opinion of Novan's value that differs from its market value or its book value, called intrinsic value, which is Novan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novan's market value can be influenced by many factors that don't directly affect Novan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novan's value and its price as these two are different measures arrived at by different means. Investors typically determine Novan value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.