NOVANTA INC (NOVT) Fundamental Analysis & Valuation

NASDAQ:NOVT • CA67000B1040

Current stock price

125.23 USD
+1.81 (+1.47%)
At close:
125.23 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.
  • NOVT had a positive operating cash flow in the past year.
  • Each year in the past 5 years NOVT has been profitable.
  • NOVT had a positive operating cash flow in each of the past 5 years.
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

  • The Return On Assets of NOVT (2.98%) is better than 62.90% of its industry peers.
  • The Return On Equity of NOVT (4.10%) is comparable to the rest of the industry.
  • NOVT's Return On Invested Capital of 5.79% is fine compared to the rest of the industry. NOVT outperforms 60.48% 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 8.20%.
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 Profit Margin of 5.49%. This is in the better half of the industry: NOVT outperforms 70.16% of its industry peers.
  • NOVT's Profit Margin has declined in the last couple of years.
  • NOVT has a Operating Margin of 11.90%. This is in the better half of the industry: NOVT outperforms 79.84% of its industry peers.
  • In the last couple of years the Operating Margin of NOVT has grown nicely.
  • Looking at the Gross Margin, with a value of 44.39%, NOVT is in the better half of the industry, outperforming 76.61% of the companies in the same industry.
  • 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

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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.
  • The number of shares outstanding for NOVT has been reduced compared to 1 year ago.
  • The number of shares outstanding for NOVT has been increased compared to 5 years ago.
  • 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 6.74. This indicates that NOVT is financially healthy and has little risk of bankruptcy at the moment.
  • NOVT's Altman-Z score of 6.74 is fine compared to the rest of the industry. NOVT outperforms 79.03% of its industry peers.
  • NOVT has a debt to FCF ratio of 5.24. This is a neutral value as NOVT would need 5.24 years to pay back of all of its debts.
  • The Debt to FCF ratio of NOVT (5.24) 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.
  • NOVT has a Debt to Equity ratio of 0.16. This is comparable to the rest of the industry: NOVT outperforms 45.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 5.24
Altman-Z 6.74
ROIC/WACC0.61
WACC9.54%
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.
  • The Current ratio of NOVT (3.69) is better than 66.94% of its industry peers.
  • A Quick Ratio of 2.80 indicates that NOVT has no problem at all paying its short term obligations.
  • NOVT's Quick ratio of 2.80 is fine compared to the rest of the industry. NOVT outperforms 68.55% 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

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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.
  • The Earnings Per Share has been growing by 11.07% on average over the past years. This is quite good.
  • Looking at the last year, NOVT shows a small growth in Revenue. The Revenue has grown by 3.30% in the last year.
  • The Revenue has been growing by 10.67% on average over the past years. This is quite good.
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.
  • The Revenue is expected to grow by 6.67% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • 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. NOVT Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 38.18 indicates a quite expensive valuation of NOVT.
  • Based on the Price/Earnings ratio, NOVT is valued a bit cheaper than 62.90% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.78, NOVT is valued a bit more expensive.
  • NOVT is valuated quite expensively with a Price/Forward Earnings ratio of 34.45.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NOVT.
  • NOVT is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.54, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 38.18
Fwd PE 34.45
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NOVT is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 92.26
EV/EBITDA 23.95
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.
  • A more expensive valuation may be justified as NOVT's earnings are expected to grow with 12.50% in the coming years.
PEG (NY)3.53
PEG (5Y)3.45
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

  • No dividends for NOVT!.
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 (4/10/2026, 8:00:01 PM)

After market: 125.23 0 (0%)

125.23

+1.81 (+1.47%)

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 Change0%
Ins Owners1.02%
Ins Owner Change-0.19%
Market Cap4.47B
Revenue(TTM)980.60M
Net Income(TTM)53.83M
Analysts84
Price Target162.69 (29.91%)
Short Float %11.27%
Short Ratio9.33
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)2.57%
PT rev (3m)2.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.09%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-60.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 38.18
Fwd PE 34.45
P/S 4.56
P/FCF 92.26
P/OCF 69.75
P/B 3.4
P/tB 9.19
EV/EBITDA 23.95
EPS(TTM)3.28
EY2.62%
EPS(NY)3.63
Fwd EY2.9%
FCF(TTM)1.36
FCFY1.08%
OCF(TTM)1.8
OCFY1.43%
SpS27.48
BVpS36.84
TBVpS13.63
PEG (NY)3.53
PEG (5Y)3.45
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 6.74
F-Score5
WACC9.54%
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 for NOVT stock?

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


What is the profitability of NOVT stock?

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


Can you provide the PE and PB ratios for NOVT stock?

The Price/Earnings (PE) ratio for NOVANTA INC (NOVT) is 38.18 and the Price/Book (PB) ratio is 3.4.