Novus Acquisition & Development (Novus Acquisition & Development) EV-to-FCF : (As of Jun. 13, 2024)

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What is Novus Acquisition & Development EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Novus Acquisition & Development's Enterprise Value is $1.65 Mil. Novus Acquisition & Development does not have enough years/quarters to calculate its Free Cash Flow for the trailing twelve months (TTM) ended in Sep. 2023. Therefore, GuruFocus does not calculate Novus Acquisition & Development's EV-to-FCF at this moment.

The historical rank and industry rank for Novus Acquisition & Development's EV-to-FCF or its related term are showing as below:

NDEV's EV-to-FCF is not ranked ^*
in the Insurance industry.
Industry Median: 8.38
* Ranked among companies with meaningful EV-to-FCF only.

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2024-06-13), Novus Acquisition & Development's stock price is $0.01915. Novus Acquisition & Development does not have enough years/quarters to calculate its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2023. Therefore, GuruFocus does not calculate Novus Acquisition & Development's PE Ratio at this moment.

Novus Acquisition & Development EV-to-FCF Historical Data

The historical data trend for Novus Acquisition & Development's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novus Acquisition & Development EV-to-FCF Chart

Novus Acquisition & Development Annual Data

Trend

EV-to-FCF

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
EV-to-FCF	-	-

Competitive Comparison of Novus Acquisition & Development's EV-to-FCF

For the Insurance - Diversified subindustry, Novus Acquisition & Development's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novus Acquisition & Development's EV-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Novus Acquisition & Development's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Novus Acquisition & Development's EV-to-FCF falls into.

Novus Acquisition & Development EV-to-FCF Calculation

Novus Acquisition & Development's EV-to-FCF for today is calculated as:

EV-to-FCF	=	Enterprise Value (Today)	/	Free Cash Flow (TTM)
	=	1.646	/
	=

Novus Acquisition & Development (OTCPK:NDEV) EV-to-FCF Explanation

Novus Acquisition & Development's PE Ratio for today is calculated as:

PE Ratio	=	Share Price (Today)	/	Earnings per Share (Diluted) (TTM)
	=	0.01915	/
	=

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.

Novus Acquisition & Development EV-to-FCF Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » EV-to-FCF

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.