NOVANTA INC (NOVT) Fundamental Analysis & Valuation

NASDAQ:NOVT • CA67000B1040

126.31 USD
+3.17 (+2.57%)
At close: Mar 11, 2026
126.31 USD
0 (0%)
After Hours: 3/11/2026, 8:15:46 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

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. NOVT is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. NOVT is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. NOVT Profitability Analysis

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.
  • 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

  • Looking at the Return On Assets, with a value of 2.98%, NOVT is in the better half of the industry, outperforming 63.71% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 4.10%, NOVT is in line with its industry, outperforming 57.26% of the companies in the same industry.
  • NOVT's Return On Invested Capital of 5.79% is in line compared to the rest of the industry. NOVT outperforms 59.68% 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 8.67%.
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

  • The Profit Margin of NOVT (5.49%) is better 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's Gross Margin of 44.39% is fine compared to the rest 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. NOVT Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NOVT is destroying value.
  • Compared to 1 year ago, NOVT has less shares outstanding
  • NOVT has more shares outstanding than it did 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

  • An Altman-Z score of 6.73 indicates that NOVT is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.73, NOVT is in the better half of the industry, outperforming 79.03% of the companies in the same industry.
  • 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.
  • NOVT has a Debt to FCF ratio of 5.24. This is in the better half of the industry: NOVT outperforms 60.48% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that NOVT is not too dependend on debt financing.
  • NOVT has a Debt to Equity ratio (0.16) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 5.24
Altman-Z 6.73
ROIC/WACC0.64
WACC9.03%
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 69.35% of its industry peers.
  • A Quick Ratio of 2.80 indicates that NOVT has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.80, NOVT is in the better half of the industry, outperforming 67.74% of the companies in the same industry.
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

  • NOVT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.49%.
  • 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.
  • NOVT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.67% yearly.
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

  • NOVT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.50% yearly.
  • 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

  • With a Price/Earnings ratio of 38.51, NOVT can be considered very expensive at the moment.
  • NOVT's Price/Earnings ratio is a bit cheaper when compared to the industry. NOVT is cheaper than 61.29% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.15, NOVT is valued a bit more expensive.
  • NOVT is valuated quite expensively with a Price/Forward Earnings ratio of 34.75.
  • NOVT's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 24.27. NOVT is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 38.51
Fwd PE 34.75
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

  • NOVT's Enterprise Value to EBITDA ratio is in line with the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as NOVT.
Industry RankSector Rank
P/FCF 93.06
EV/EBITDA 23.89
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)3.56
PEG (5Y)3.48
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 (3/11/2026, 8:15:46 PM)

After market: 126.31 0 (0%)

126.31

+3.17 (+2.57%)

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 Change2.75%
Market Cap4.51B
Revenue(TTM)980.60M
Net Income(TTM)53.83M
Analysts80
Price Target158.61 (25.57%)
Short Float %9.86%
Short Ratio7.65
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 38.51
Fwd PE 34.75
P/S 4.6
P/FCF 93.06
P/OCF 70.36
P/B 3.43
P/tB 9.27
EV/EBITDA 23.89
EPS(TTM)3.28
EY2.6%
EPS(NY)3.63
Fwd EY2.88%
FCF(TTM)1.36
FCFY1.07%
OCF(TTM)1.8
OCFY1.42%
SpS27.48
BVpS36.84
TBVpS13.63
PEG (NY)3.56
PEG (5Y)3.48
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 6.73
F-Score5
WACC9.03%
ROIC/WACC0.64
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 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 38.51 and the Price/Book (PB) ratio is 3.43.


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.