106.51 USD
+7.29 (+7.35%)
106.51 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to NOVT. NOVT was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. While NOVT belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NOVT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
NOVT had positive earnings in the past year.
NOVT had a positive operating cash flow in the past year.
In the past 5 years NOVT has always been profitable.
NOVT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NOVT's Return On Assets of 3.51% is fine compared to the rest of the industry. NOVT outperforms 62.60% of its industry peers.
Looking at the Return On Equity, with a value of 6.59%, NOVT is in the better half of the industry, outperforming 61.79% of the companies in the same industry.
The Return On Invested Capital of NOVT (7.59%) is better than 74.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NOVT is in line with the industry average of 9.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.51% | ||
| ROE | 6.59% | ||
| ROIC | 7.59% |
ROA(3y)5.51%
ROA(5y)5.15%
ROE(3y)10.75%
ROE(5y)10.25%
ROIC(3y)8.83%
ROIC(5y)7.95%
1.3 Margins
The Profit Margin of NOVT (5.50%) is better than 69.92% of its industry peers.
NOVT's Profit Margin has been stable in the last couple of years.
NOVT has a Operating Margin of 12.40%. This is in the better half of the industry: NOVT outperforms 79.67% of its industry peers.
In the last couple of years the Operating Margin of NOVT has grown nicely.
NOVT's Gross Margin of 44.80% is fine compared to the rest of the industry. NOVT outperforms 76.42% of its industry peers.
NOVT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.4% | ||
| PM (TTM) | 5.5% | ||
| GM | 44.8% |
OM growth 3Y4.07%
OM growth 5Y2.66%
PM growth 3Y-1.74%
PM growth 5Y0.71%
GM growth 3Y1.49%
GM growth 5Y1.19%
2. Health
2.1 Basic Checks
NOVT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NOVT has been increased compared to 1 year ago.
The number of shares outstanding for NOVT has been increased compared to 5 years ago.
The debt/assets ratio for NOVT is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.45 indicates that NOVT is not in any danger for bankruptcy at the moment.
NOVT's Altman-Z score of 4.45 is fine compared to the rest of the industry. NOVT outperforms 71.54% of its industry peers.
The Debt to FCF ratio of NOVT is 4.43, which is a neutral value as it means it would take NOVT, 4.43 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.43, NOVT is doing good in the industry, outperforming 65.04% of the companies in the same industry.
A Debt/Equity ratio of 0.56 indicates that NOVT is somewhat dependend on debt financing.
NOVT has a worse Debt to Equity ratio (0.56) than 74.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 4.43 | ||
| Altman-Z | 4.45 |
ROIC/WACC0.82
WACC9.28%
2.3 Liquidity
NOVT has a Current Ratio of 2.51. This indicates that NOVT is financially healthy and has no problem in meeting its short term obligations.
NOVT's Current ratio of 2.51 is in line compared to the rest of the industry. NOVT outperforms 53.66% of its industry peers.
A Quick Ratio of 1.54 indicates that NOVT should not have too much problems paying its short term obligations.
NOVT's Quick ratio of 1.54 is in line compared to the rest of the industry. NOVT outperforms 44.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.51 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.10% over the past year.
Measured over the past 5 years, NOVT shows a small growth in Earnings Per Share. The EPS has been growing by 7.45% on average per year.
NOVT shows a small growth in Revenue. In the last year, the Revenue has grown by 4.07%.
The Revenue has been growing by 8.68% on average over the past years. This is quite good.
EPS 1Y (TTM)6.1%
EPS 3Y5.54%
EPS 5Y7.45%
EPS Q2Q%2.35%
Revenue 1Y (TTM)4.07%
Revenue growth 3Y10.33%
Revenue growth 5Y8.68%
Sales Q2Q%1.4%
3.2 Future
The Earnings Per Share is expected to grow by 11.84% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.52% on average over the next years.
EPS Next Y7.96%
EPS Next 2Y11.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.76%
Revenue Next 2Y4.8%
Revenue Next 3Y6.52%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 34.03, NOVT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of NOVT indicates a somewhat cheap valuation: NOVT is cheaper than 60.98% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of NOVT to the average of the S&P500 Index (25.45), we can say NOVT is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 27.65, the valuation of NOVT can be described as expensive.
NOVT's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.46, NOVT is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.03 | ||
| Fwd PE | 27.65 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NOVT.
NOVT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NOVT is cheaper than 65.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.34 | ||
| EV/EBITDA | 22.07 |
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.
PEG (NY)4.27
PEG (5Y)4.57
EPS Next 2Y11.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
NOVT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
106.51
+7.29 (+7.35%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners102.42%
Inst Owner Change3.77%
Ins Owners0.96%
Ins Owner Change16.3%
Market Cap3.83B
Revenue(TTM)960.31M
Net Income(TTM)52.82M
Analysts80
Price Target158.61 (48.92%)
Short Float %5%
Short Ratio2.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)3.02%
Min EPS beat(2)1.6%
Max EPS beat(2)4.44%
EPS beat(4)4
Avg EPS beat(4)4.56%
Min EPS beat(4)1.6%
Max EPS beat(4)7.75%
EPS beat(8)6
Avg EPS beat(8)5.44%
EPS beat(12)10
Avg EPS beat(12)6.49%
EPS beat(16)14
Avg EPS beat(16)6.68%
Revenue beat(2)0
Avg Revenue beat(2)-0.97%
Min Revenue beat(2)-1.21%
Max Revenue beat(2)-0.72%
Revenue beat(4)0
Avg Revenue beat(4)-1.69%
Min Revenue beat(4)-2.87%
Max Revenue beat(4)-0.72%
Revenue beat(8)0
Avg Revenue beat(8)-1.38%
Revenue beat(12)1
Avg Revenue beat(12)-1.08%
Revenue beat(16)5
Avg Revenue beat(16)-0.43%
PT rev (1m)0%
PT rev (3m)-3.5%
EPS NQ rev (1m)-3.55%
EPS NQ rev (3m)-3.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.26%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.03 | ||
| Fwd PE | 27.65 | ||
| P/S | 3.99 | ||
| P/FCF | 37.34 | ||
| P/OCF | 32.8 | ||
| P/B | 4.78 | ||
| P/tB | N/A | ||
| EV/EBITDA | 22.07 |
EPS(TTM)3.13
EY2.94%
EPS(NY)3.85
Fwd EY3.62%
FCF(TTM)2.85
FCFY2.68%
OCF(TTM)3.25
OCFY3.05%
SpS26.7
BVpS22.28
TBVpS-1.09
PEG (NY)4.27
PEG (5Y)4.57
Graham Number39.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.51% | ||
| ROE | 6.59% | ||
| ROCE | 9.03% | ||
| ROIC | 7.59% | ||
| ROICexc | 8.14% | ||
| ROICexgc | 25.72% | ||
| OM | 12.4% | ||
| PM (TTM) | 5.5% | ||
| GM | 44.8% | ||
| FCFM | 10.69% |
ROA(3y)5.51%
ROA(5y)5.15%
ROE(3y)10.75%
ROE(5y)10.25%
ROIC(3y)8.83%
ROIC(5y)7.95%
ROICexc(3y)9.75%
ROICexc(5y)8.94%
ROICexgc(3y)29.5%
ROICexgc(5y)29.04%
ROCE(3y)10.5%
ROCE(5y)9.46%
ROICexgc growth 3Y0.54%
ROICexgc growth 5Y2%
ROICexc growth 3Y8.22%
ROICexc growth 5Y0.49%
OM growth 3Y4.07%
OM growth 5Y2.66%
PM growth 3Y-1.74%
PM growth 5Y0.71%
GM growth 3Y1.49%
GM growth 5Y1.19%
F-Score5
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 4.43 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 23.99% | ||
| Cap/Sales | 1.48% | ||
| Interest Coverage | 4.73 | ||
| Cash Conversion | 65.52% | ||
| Profit Quality | 194.25% | ||
| Current Ratio | 2.51 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 4.45 |
F-Score5
WACC9.28%
ROIC/WACC0.82
Cap/Depr(3y)36.85%
Cap/Depr(5y)36.81%
Cap/Sales(3y)2.12%
Cap/Sales(5y)2.19%
Profit Quality(3y)151.34%
Profit Quality(5y)178.76%
High Growth Momentum
Growth
EPS 1Y (TTM)6.1%
EPS 3Y5.54%
EPS 5Y7.45%
EPS Q2Q%2.35%
EPS Next Y7.96%
EPS Next 2Y11.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.07%
Revenue growth 3Y10.33%
Revenue growth 5Y8.68%
Sales Q2Q%1.4%
Revenue Next Year2.76%
Revenue Next 2Y4.8%
Revenue Next 3Y6.52%
Revenue Next 5YN/A
EBIT growth 1Y1.33%
EBIT growth 3Y14.82%
EBIT growth 5Y11.57%
EBIT Next Year33.89%
EBIT Next 3Y19.86%
EBIT Next 5YN/A
FCF growth 1Y-1.15%
FCF growth 3Y23.74%
FCF growth 5Y21.91%
OCF growth 1Y-4.02%
OCF growth 3Y18.77%
OCF growth 5Y20.19%
NOVANTA INC / NOVT FAQ
What is the fundamental rating for NOVT stock?
ChartMill assigns a fundamental rating of 5 / 10 to NOVT.
Can you provide the valuation status for NOVANTA INC?
ChartMill assigns a valuation rating of 3 / 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 7 / 10.
How financially healthy is NOVANTA INC?
The financial health rating of NOVANTA INC (NOVT) is 5 / 10.