NVIDIA's stock trades at a one-year forward P/E of 42.3X compared with its five-year average of 38.5X. The company is currently authorized to repurchase up to $7.24 billion in shares through December 2022. Moreover, NVIDIA is evaluating the timing of resuming share repurchases. In fiscal 2021, NVIDIA paid out dividends of $395 million. Notably, the company returned approximately $6 billion to shareholders through dividend payments and share buybacks in the last five fiscals. The higher cash flow generating ability lends NVIDIA the flexibility to invest in long-term growth prospects and return money to its shareholders. The company’s accelerated revenue growth along with improving operating efficiency is bringing in higher cash flows. NVIDIA boasts a sturdy cash-flow generating ability. Since it has net cash available on its balance sheet, the existing cash can be used for pursuing strategic acquisitions, investment in growth initiatives and distribution to shareholders. As of Jan 31, 2021, the company had cash and cash equivalents of nearly $11.56 billion, which is significantly higher than its total debt of $5.96 billion. Notably, it is a cash-rich company with a strong balance sheet. Shares are up nearly 800% in the last five years and up more than 5,800% in the last 10 years, rewarding recent investors as well.NVIDIA’s efforts to boost shareholder value are noteworthy. NVDA Price Action: Shares have traded between $115.66 and $346.47 over the last 52 weeks. Investing $1,000 in Nvidia at its IPO would have created some millionaires, assuming they held onto shares for that long. The 83.33 shares would total 3,999.84 after the stock splits.īased on a share price of $264.95 at the time of writing, the $1,000 investment in Nvidia at the time of its IPO would now be worth $1,059,757.61.
Since the IPO, Nvidia has had several stock splits that have increased the number of shares held by existing shareholders. A $1,000 investment would have been able to buy 83.33 shares. 22, 1999, with shares offered at $12 each. Investing $1000 In NVDA: Nvidia held its IPO on Jan. Related Link: Benzinga Asks: Which Company Could Join The $1 Trillion Market Cap Club Next?
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