NOVANTA INC (NOVT) Fundamental Analysis & Valuation

NASDAQ:NOVT • CA67000B1040

Current stock price

118.49 USD
+0.84 (+0.71%)
At close:
118.49 USD
0 (0%)
After Hours:

This NOVT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. NOVT Profitability Analysis

1.1 Basic Checks

  • In the past year NOVT was profitable.
  • In the past year NOVT had a positive cash flow from operations.
  • Each year in the past 5 years NOVT has been profitable.
  • Each year in the past 5 years NOVT had a positive operating cash flow.
NOVT Yearly Net Income VS EBIT VS OCF VS FCFNOVT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • With a decent Return On Assets value of 2.98%, NOVT is doing good in the industry, outperforming 62.90% of the companies in the same industry.
  • NOVT has a Return On Equity (4.10%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.79%, NOVT is in the better half of the industry, outperforming 60.48% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NOVT is in line with the industry average of 8.36%.
Industry RankSector Rank
ROA 2.98%
ROE 4.1%
ROIC 5.79%
ROA(3y)4.51%
ROA(5y)4.72%
ROE(3y)7.84%
ROE(5y)9.2%
ROIC(3y)7.61%
ROIC(5y)7.39%
NOVT Yearly ROA, ROE, ROICNOVT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • NOVT has a better Profit Margin (5.49%) than 70.16% of its industry peers.
  • NOVT's Profit Margin has declined in the last couple of years.
  • The Operating Margin of NOVT (11.90%) is better than 79.03% of its industry peers.
  • NOVT's Operating Margin has improved in the last couple of years.
  • NOVT has a Gross Margin of 44.39%. This is in the better half of the industry: NOVT outperforms 76.61% of its industry peers.
  • In the last couple of years the Gross Margin of NOVT has remained more or less at the same level.
Industry RankSector Rank
OM 11.9%
PM (TTM) 5.49%
GM 44.39%
OM growth 3Y-1.6%
OM growth 5Y3.31%
PM growth 3Y-13.92%
PM growth 5Y-6.14%
GM growth 3Y0.32%
GM growth 5Y1.4%
NOVT Yearly Profit, Operating, Gross MarginsNOVT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. NOVT Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NOVT is destroying value.
  • Compared to 1 year ago, NOVT has less shares outstanding
  • Compared to 5 years ago, NOVT has more shares outstanding
  • Compared to 1 year ago, NOVT has an improved debt to assets ratio.
NOVT Yearly Shares OutstandingNOVT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
NOVT Yearly Total Debt VS Total AssetsNOVT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • NOVT has an Altman-Z score of 6.53. This indicates that NOVT is financially healthy and has little risk of bankruptcy at the moment.
  • NOVT's Altman-Z score of 6.53 is fine compared to the rest of the industry. NOVT outperforms 79.03% of its industry peers.
  • The Debt to FCF ratio of NOVT is 5.24, which is a neutral value as it means it would take NOVT, 5.24 years of fcf income to pay off all of its debts.
  • NOVT has a Debt to FCF ratio (5.24) which is comparable to the rest of the industry.
  • NOVT has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.16, NOVT perfoms like the industry average, outperforming 44.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 5.24
Altman-Z 6.53
ROIC/WACC0.61
WACC9.47%
NOVT Yearly LT Debt VS Equity VS FCFNOVT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 3.69 indicates that NOVT has no problem at all paying its short term obligations.
  • NOVT has a better Current ratio (3.69) than 68.55% of its industry peers.
  • A Quick Ratio of 2.80 indicates that NOVT has no problem at all paying its short term obligations.
  • The Quick ratio of NOVT (2.80) is better than 67.74% of its industry peers.
Industry RankSector Rank
Current Ratio 3.69
Quick Ratio 2.8
NOVT Yearly Current Assets VS Current LiabilitesNOVT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NOVT Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.49% over the past year.
  • Measured over the past years, NOVT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.07% on average per year.
  • Looking at the last year, NOVT shows a small growth in Revenue. The Revenue has grown by 3.30% in the last year.
  • Measured over the past years, NOVT shows a quite strong growth in Revenue. The Revenue has been growing by 10.67% on average per year.
EPS 1Y (TTM)6.49%
EPS 3Y2.23%
EPS 5Y11.07%
EPS Q2Q%19.74%
Revenue 1Y (TTM)3.3%
Revenue growth 3Y4.44%
Revenue growth 5Y10.67%
Sales Q2Q%8.5%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.50% on average over the next years. This is quite good.
  • NOVT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.67% yearly.
EPS Next Y10.81%
EPS Next 2Y12.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.88%
Revenue Next 2Y6.67%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NOVT Yearly Revenue VS EstimatesNOVT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
NOVT Yearly EPS VS EstimatesNOVT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

More info and screens

Find the best growth stocksShow best growing peers

2

4. NOVT Valuation Analysis

4.1 Price/Earnings Ratio

  • NOVT is valuated quite expensively with a Price/Earnings ratio of 36.13.
  • 63.71% of the companies in the same industry are more expensive than NOVT, based on the Price/Earnings ratio.
  • NOVT is valuated rather expensively when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 32.60, NOVT can be considered very expensive at the moment.
  • NOVT's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.51, NOVT is valued a bit more expensive.
Industry RankSector Rank
PE 36.13
Fwd PE 32.6
NOVT Price Earnings VS Forward Price EarningsNOVT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOVT is on the same level as its industry peers.
  • NOVT's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 87.3
EV/EBITDA 22.96
NOVT Per share dataNOVT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of NOVT may justify a higher PE ratio.
  • NOVT's earnings are expected to grow with 12.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.34
PEG (5Y)3.26
EPS Next 2Y12.5%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NOVT Dividend Analysis

5.1 Amount

  • NOVT does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

NOVT Fundamentals: All Metrics, Ratios and Statistics

NOVANTA INC

NASDAQ:NOVT (3/26/2026, 8:00:02 PM)

After market: 118.49 0 (0%)

118.49

+0.84 (+0.71%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-23
Earnings (Next)05-04
Inst Owners113.42%
Inst Owner Change13.26%
Ins Owners1.02%
Ins Owner Change-0.19%
Market Cap4.23B
Revenue(TTM)980.60M
Net Income(TTM)53.83M
Analysts80
Price Target158.61 (33.86%)
Short Float %10.09%
Short Ratio7.69
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.91%
Min EPS beat(2)1.38%
Max EPS beat(2)4.44%
EPS beat(4)4
Avg EPS beat(4)3.79%
Min EPS beat(4)1.38%
Max EPS beat(4)7.75%
EPS beat(8)7
Avg EPS beat(8)5.79%
EPS beat(12)10
Avg EPS beat(12)6.43%
EPS beat(16)14
Avg EPS beat(16)6.63%
Revenue beat(2)0
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-1.21%
Max Revenue beat(2)-0.91%
Revenue beat(4)0
Avg Revenue beat(4)-1.2%
Min Revenue beat(4)-1.95%
Max Revenue beat(4)-0.72%
Revenue beat(8)0
Avg Revenue beat(8)-1.3%
Revenue beat(12)1
Avg Revenue beat(12)-1.1%
Revenue beat(16)4
Avg Revenue beat(16)-0.6%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-8.09%
EPS NQ rev (3m)-8.09%
EPS NY rev (1m)-1.38%
EPS NY rev (3m)-2.46%
Revenue NQ rev (1m)-60.99%
Revenue NQ rev (3m)-60.99%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 36.13
Fwd PE 32.6
P/S 4.31
P/FCF 87.3
P/OCF 66
P/B 3.22
P/tB 8.7
EV/EBITDA 22.96
EPS(TTM)3.28
EY2.77%
EPS(NY)3.63
Fwd EY3.07%
FCF(TTM)1.36
FCFY1.15%
OCF(TTM)1.8
OCFY1.52%
SpS27.48
BVpS36.84
TBVpS13.63
PEG (NY)3.34
PEG (5Y)3.26
Graham Number52.14
Profitability
Industry RankSector Rank
ROA 2.98%
ROE 4.1%
ROCE 7.32%
ROIC 5.79%
ROICexc 7.61%
ROICexgc 23.95%
OM 11.9%
PM (TTM) 5.49%
GM 44.39%
FCFM 4.94%
ROA(3y)4.51%
ROA(5y)4.72%
ROE(3y)7.84%
ROE(5y)9.2%
ROIC(3y)7.61%
ROIC(5y)7.39%
ROICexc(3y)8.81%
ROICexc(5y)8.44%
ROICexgc(3y)26.96%
ROICexgc(5y)27.21%
ROCE(3y)9.61%
ROCE(5y)9.34%
ROICexgc growth 3Y-3.25%
ROICexgc growth 5Y-0.61%
ROICexc growth 3Y-4.42%
ROICexc growth 5Y0.15%
OM growth 3Y-1.6%
OM growth 5Y3.31%
PM growth 3Y-13.92%
PM growth 5Y-6.14%
GM growth 3Y0.32%
GM growth 5Y1.4%
F-Score5
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 5.24
Debt/EBITDA 1.2
Cap/Depr 25.23%
Cap/Sales 1.59%
Interest Coverage 5.17
Cash Conversion 35.87%
Profit Quality 89.97%
Current Ratio 3.69
Quick Ratio 2.8
Altman-Z 6.53
F-Score5
WACC9.47%
ROIC/WACC0.61
Cap/Depr(3y)32.98%
Cap/Depr(5y)36.37%
Cap/Sales(3y)1.89%
Cap/Sales(5y)2.15%
Profit Quality(3y)149.3%
Profit Quality(5y)138.46%
High Growth Momentum
Growth
EPS 1Y (TTM)6.49%
EPS 3Y2.23%
EPS 5Y11.07%
EPS Q2Q%19.74%
EPS Next Y10.81%
EPS Next 2Y12.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.3%
Revenue growth 3Y4.44%
Revenue growth 5Y10.67%
Sales Q2Q%8.5%
Revenue Next Year6.88%
Revenue Next 2Y6.67%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-6.14%
EBIT growth 3Y2.76%
EBIT growth 5Y14.34%
EBIT Next Year44.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-65.74%
FCF growth 3Y-12.06%
FCF growth 5Y-17.88%
OCF growth 1Y-59.59%
OCF growth 3Y-10.98%
OCF growth 5Y-14.5%

NOVANTA INC / NOVT Fundamental Analysis FAQ

What is the fundamental rating for NOVT stock?

ChartMill assigns a fundamental rating of 5 / 10 to NOVT.


What is the valuation status of NOVANTA INC (NOVT) stock?

ChartMill assigns a valuation rating of 2 / 10 to NOVANTA INC (NOVT). This can be considered as Overvalued.


Can you provide the profitability details for NOVANTA INC?

NOVANTA INC (NOVT) has a profitability rating of 6 / 10.


What are the PE and PB ratios of NOVANTA INC (NOVT) stock?

The Price/Earnings (PE) ratio for NOVANTA INC (NOVT) is 36.13 and the Price/Book (PB) ratio is 3.22.


What is the earnings growth outlook for NOVANTA INC?

The Earnings per Share (EPS) of NOVANTA INC (NOVT) is expected to grow by 10.81% in the next year.