NVDA – Market expectations are for Uniform ROA to reach new peaks, but management may have concerns about product, demand, and growth

March 14, 2022

  • NVIDIA Corporation (NVDA) currently trades above corporate and historical averages relative to Uniform earnings, with a 35.3x Uniform P/E (Fwd. V/E’).
  • At these levels, markets are pricing in expectations for Uniform ROA to reach new peaks, accompanied by 7% Uniform asset growth.
  • Meanwhile, analysts expect Uniform ROA to improve to 47% in 2023, accompanied by 44% Uniform asset growth.
  • If sustained going forward, these levels would imply a stock price closer to $393, representing significant potential equity upside for the firm.
  • However, the firm’s most recent earnings call suggests management may have concerns about product, demand, and growth opportunities.

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