Novocure Ltd
NASDAQ:NVCR

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Novocure Ltd
NASDAQ:NVCR
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Price: 30.97 USD 1.57% Market Closed
Market Cap: 3.4B USD
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Novocure Ltd
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Novocure Ltd
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Novocure Ltd
NASDAQ:NVCR
Tax Provision
-$35.3m
CAGR 3-Years
-56%
CAGR 5-Years
-31%
CAGR 10-Years
N/A
No Stocks Found

Novocure Ltd
Glance View

Market Cap
3.3B USD
Industry
Health Care

Novocure Ltd. operates in the intriguing intersection of medical innovation and patient-centric care, focusing on harnessing electric fields to treat cancerous tumors, a modality known as Tumor Treating Fields (TTFields). Founded in 2000 and based in the Isle of Jersey, the company has pioneered an unconventional approach that challenges traditional cancer treatments like chemotherapy and radiation. By deploying low-intensity, alternating electric fields through adhesive patches on the patient's body, TTFields interfere with the division of cancer cells, inhibiting tumor growth without the typical debilitating side effects. Novocure’s proprietary technology offers a unique, non-invasive treatment option primarily targeting aggressive cancers, such as glioblastoma and non-small cell lung cancer, positioning it as a notable innovator in the oncology space. The company's business model thrives on a blend of therapy innovation and strategic partnerships. Novocure generates revenue through sales of its wearable medical device, which continually delivers TTFields therapy. These sales are supplemented by the securing of insurance reimbursements, which is crucial for patient access and company profitability. By conducting numerous clinical trials, Novocure not only aims to expand the applicability of TTFields to other forms of cancer but also reinforces its value proposition to the healthcare community. Strategic collaborations with researchers and leading cancer centers further enhance its market penetration. As the company continues to invest in research and expand its treatment portfolio, its commitment to transforming cancer therapy by offering a new dimension of hope remains at the forefront of its mission.

NVCR Intrinsic Value
25.58 USD
Overvaluation 17%
Intrinsic Value
Price

See Also

What is Novocure Ltd's Tax Provision?
Tax Provision
-35.3m USD

Based on the financial report for Sep 30, 2024, Novocure Ltd's Tax Provision amounts to -35.3m USD.

What is Novocure Ltd's Tax Provision growth rate?
Tax Provision CAGR 5Y
-31%

Over the last year, the Tax Provision growth was -207%. The average annual Tax Provision growth rates for Novocure Ltd have been -56% over the past three years , -31% over the past five years .

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