120.24 USD
+0.89 (+0.75%)
120.24 USD
0 (0%)
Overall NOVT gets a fundamental rating of 5 out of 10. We evaluated NOVT against 124 industry peers in the Electronic Equipment, Instruments & Components industry. NOVT scores excellent on profitability, but 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.
In the past year NOVT had a positive cash flow from operations.
NOVT had positive earnings in each of the past 5 years.
Each year in the past 5 years NOVT had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.51%, NOVT is in the better half of the industry, outperforming 61.29% of the companies in the same industry.
With a decent Return On Equity value of 6.59%, NOVT is doing good in the industry, outperforming 61.29% of the companies in the same industry.
NOVT has a better Return On Invested Capital (7.59%) than 74.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NOVT is in line with the industry average of 9.29%.
| 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 68.55% of its industry peers.
NOVT's Profit Margin has been stable in the last couple of years.
The Operating Margin of NOVT (12.40%) 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 44.80%. This is in the better half of the industry: NOVT outperforms 76.61% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NOVT 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.
Compared to 1 year ago, NOVT has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.04 indicates that NOVT is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.04, NOVT is in the better half of the industry, outperforming 74.19% of the companies in the same industry.
NOVT has a debt to FCF ratio of 4.43. This is a neutral value as NOVT would need 4.43 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.43, NOVT is doing good in the industry, outperforming 64.52% of the companies in the same industry.
NOVT has a Debt/Equity ratio of 0.56. This is a neutral value indicating NOVT is somewhat dependend on debt financing.
NOVT has a worse Debt to Equity ratio (0.56) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 4.43 | ||
| Altman-Z | 5.04 |
ROIC/WACC0.84
WACC9.08%
2.3 Liquidity
A Current Ratio of 2.51 indicates that NOVT has no problem at all paying its short term obligations.
NOVT has a Current ratio (2.51) which is in line with its industry peers.
A Quick Ratio of 1.54 indicates that NOVT should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.54, NOVT perfoms like the industry average, outperforming 44.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.51 | ||
| Quick Ratio | 1.54 |
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%.
NOVT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.45% yearly.
The Revenue has been growing slightly by 4.07% in the past year.
NOVT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.68% yearly.
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 10.73% yearly.
Based on estimates for the next years, NOVT will show a small growth in Revenue. The Revenue will grow by 5.67% on average per year.
EPS Next Y8.07%
EPS Next 2Y9.99%
EPS Next 3Y10.73%
EPS Next 5YN/A
Revenue Next Year2.8%
Revenue Next 2Y4.76%
Revenue Next 3Y5.67%
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
NOVT is valuated quite expensively with a Price/Earnings ratio of 38.42.
The rest of the industry has a similar Price/Earnings ratio as NOVT.
When comparing the Price/Earnings ratio of NOVT to the average of the S&P500 Index (26.39), we can say NOVT is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 32.27, the valuation of NOVT can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NOVT is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.84. NOVT is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.42 | ||
| Fwd PE | 32.27 |
4.2 Price Multiples
NOVT's Enterprise Value to EBITDA is on the same level as the industry average.
64.52% of the companies in the same industry are more expensive than NOVT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.93 | ||
| EV/EBITDA | 26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NOVT does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of NOVT may justify a higher PE ratio.
PEG (NY)4.76
PEG (5Y)5.15
EPS Next 2Y9.99%
EPS Next 3Y10.73%
5. Dividend
5.1 Amount
NOVT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
120.24
+0.89 (+0.75%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners102.52%
Inst Owner Change3.41%
Ins Owners0.96%
Ins Owner Change2.95%
Market Cap4.30B
Revenue(TTM)960.31M
Net Income(TTM)52.82M
Analysts80
Price Target158.61 (31.91%)
Short Float %7.48%
Short Ratio4.13
Dividend
| Industry Rank | Sector 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)5.66%
PT rev (3m)5.66%
EPS NQ rev (1m)-1.84%
EPS NQ rev (3m)-5.32%
EPS NY rev (1m)0.1%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.42 | ||
| Fwd PE | 32.27 | ||
| P/S | 4.48 | ||
| P/FCF | 41.93 | ||
| P/OCF | 36.83 | ||
| P/B | 5.37 | ||
| P/tB | N/A | ||
| EV/EBITDA | 26 |
EPS(TTM)3.13
EY2.6%
EPS(NY)3.73
Fwd EY3.1%
FCF(TTM)2.87
FCFY2.39%
OCF(TTM)3.26
OCFY2.72%
SpS26.84
BVpS22.4
TBVpS-1.1
PEG (NY)4.76
PEG (5Y)5.15
Graham Number39.72
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 | 5.04 |
F-Score5
WACC9.08%
ROIC/WACC0.84
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 Y8.07%
EPS Next 2Y9.99%
EPS Next 3Y10.73%
EPS Next 5YN/A
Revenue 1Y (TTM)4.07%
Revenue growth 3Y10.33%
Revenue growth 5Y8.68%
Sales Q2Q%1.4%
Revenue Next Year2.8%
Revenue Next 2Y4.76%
Revenue Next 3Y5.67%
Revenue Next 5YN/A
EBIT growth 1Y1.33%
EBIT growth 3Y14.82%
EBIT growth 5Y11.57%
EBIT Next Year34%
EBIT Next 3Y16.52%
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 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.
How financially healthy is NOVANTA INC?
The financial health rating of NOVANTA INC (NOVT) is 5 / 10.