NOVANTA INC (NOVT) Stock Fundamental Analysis

NASDAQ:NOVT • CA67000B1040

133.22 USD
-4.22 (-3.07%)
At close: Feb 25, 2026
133.22 USD
0 (0%)
After Hours: 2/25/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, NOVT scores 5 out of 10 in our fundamental rating. NOVT was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. While NOVT has a great profitability rating, there are some minor concerns on its financial health. NOVT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

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.
  • 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 50M 100M 150M

1.2 Ratios

  • NOVT has a Return On Assets of 3.51%. This is in the better half of the industry: NOVT outperforms 64.52% of its industry peers.
  • NOVT's Return On Equity of 6.59% is fine compared to the rest of the industry. NOVT outperforms 61.29% of its industry peers.
  • With a decent Return On Invested Capital value of 7.59%, NOVT is doing good in the industry, outperforming 74.19% of the companies in the same industry.
  • NOVT had an Average Return On Invested Capital over the past 3 years of 8.83%. This is in line with the industry average of 8.85%.
Industry RankSector 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%
NOVT Yearly ROA, ROE, ROICNOVT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 5.50%, NOVT is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NOVT has remained more or less at the same level.
  • NOVT has a Operating Margin of 12.40%. This is in the better half of the industry: NOVT outperforms 79.03% of its industry peers.
  • NOVT's Operating Margin has improved in the last couple of years.
  • NOVT has a Gross Margin of 44.80%. This is in the better half of the industry: NOVT outperforms 77.42% 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 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%
NOVT Yearly Profit, Operating, Gross MarginsNOVT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NOVT is destroying value.
  • NOVT has more shares outstanding than it did 1 year ago.
  • NOVT has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NOVT is higher compared to a year ago.
NOVT Yearly Shares OutstandingNOVT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 5.59 indicates that NOVT is not in any danger for bankruptcy at the moment.
  • NOVT has a Altman-Z score of 5.59. This is in the better half of the industry: NOVT outperforms 77.42% 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.
  • Looking at the Debt to FCF ratio, with a value of 4.43, NOVT is in the better half of the industry, outperforming 65.32% 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 75.81% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 4.43
Altman-Z 5.59
ROIC/WACC0.81
WACC9.32%
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 200M 400M 600M

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 has a Current ratio (2.51) which is comparable to the rest of the industry.
  • 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 43.55% of its industry peers.
Industry RankSector Rank
Current Ratio 2.51
Quick Ratio 1.54
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 100M 200M 300M 400M

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

5

3. Growth

3.1 Past

  • NOVT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.10%.
  • 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.
  • Looking at the last year, NOVT shows a small growth in Revenue. The Revenue has grown by 4.07% in the last year.
  • 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

  • NOVT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.82% yearly.
  • The Revenue is expected to grow by 5.48% on average over the next years.
EPS Next Y7.74%
EPS Next 2Y9.39%
EPS Next 3Y10.82%
EPS Next 5YN/A
Revenue Next Year2.77%
Revenue Next 2Y4.71%
Revenue Next 3Y5.48%
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.
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

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 42.56 indicates a quite expensive valuation of NOVT.
  • NOVT's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of NOVT to the average of the S&P500 Index (27.05), we can say NOVT is valued expensively.
  • The Price/Forward Earnings ratio is 36.15, which means the current valuation is very expensive for NOVT.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NOVT.
  • The average S&P500 Price/Forward Earnings ratio is at 28.03. NOVT is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 42.56
Fwd PE 36.15
NOVT Price Earnings VS Forward Price EarningsNOVT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

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.
  • 60.48% of the companies in the same industry are more expensive than NOVT, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 46.45
EV/EBITDA 29.63
NOVT Per share dataNOVT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • NOVT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.5
PEG (5Y)5.71
EPS Next 2Y9.39%
EPS Next 3Y10.82%

More info and screens

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

0

5. Dividend

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

NOVANTA INC

NASDAQ:NOVT (2/25/2026, 8:00:02 PM)

After market: 133.22 0 (0%)

133.22

-4.22 (-3.07%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-24
Earnings (Next)05-04
Inst Owners102.56%
Inst Owner Change12.75%
Ins Owners1.01%
Ins Owner Change1.59%
Market Cap4.77B
Revenue(TTM)960.31M
Net Income(TTM)52.82M
Analysts80
Price Target158.61 (19.06%)
Short Float %10.07%
Short Ratio7.85
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)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)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.94%
EPS NY rev (1m)-0.31%
EPS NY rev (3m)-0.2%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE 42.56
Fwd PE 36.15
P/S 4.96
P/FCF 46.45
P/OCF 40.81
P/B 5.95
P/tB N/A
EV/EBITDA 29.63
EPS(TTM)3.13
EY2.35%
EPS(NY)3.69
Fwd EY2.77%
FCF(TTM)2.87
FCFY2.15%
OCF(TTM)3.26
OCFY2.45%
SpS26.84
BVpS22.4
TBVpS-1.1
PEG (NY)5.5
PEG (5Y)5.71
Graham Number39.72
Profitability
Industry RankSector 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 RankSector 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 5.59
F-Score5
WACC9.32%
ROIC/WACC0.81
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 Y7.74%
EPS Next 2Y9.39%
EPS Next 3Y10.82%
EPS Next 5YN/A
Revenue 1Y (TTM)4.07%
Revenue growth 3Y10.33%
Revenue growth 5Y8.68%
Sales Q2Q%1.4%
Revenue Next Year2.77%
Revenue Next 2Y4.71%
Revenue Next 3Y5.48%
Revenue Next 5YN/A
EBIT growth 1Y1.33%
EBIT growth 3Y14.82%
EBIT growth 5Y11.57%
EBIT Next Year33.56%
EBIT Next 3Y16.98%
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.


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 7 / 10.


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

The Price/Earnings (PE) ratio for NOVANTA INC (NOVT) is 42.56 and the Price/Book (PB) ratio is 5.95.


What is the earnings growth outlook for NOVANTA INC?

The Earnings per Share (EPS) of NOVANTA INC (NOVT) is expected to grow by 7.74% in the next year.