133.18 USD
+1.84 (+1.4%)
133.18 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to NOVT. NOVT was compared to 125 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year NOVT was profitable.
- 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
- The Return On Assets of NOVT (3.51%) is better than 63.20% of its industry peers.
- With a decent Return On Equity value of 6.59%, NOVT is doing good in the industry, outperforming 62.40% of the companies in the same industry.
- NOVT has a Return On Invested Capital of 7.59%. This is in the better half of the industry: NOVT outperforms 75.20% of its industry peers.
- 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 8.82%.
| 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
- With a decent Profit Margin value of 5.50%, NOVT is doing good in the industry, outperforming 70.40% of the companies in the same industry.
- NOVT's Profit Margin has been stable in the last couple of years.
- The Operating Margin of NOVT (12.40%) is better than 79.20% 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 44.80%, NOVT is in the better half of the industry, outperforming 76.80% 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 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.
- Compared to 1 year ago, NOVT has more shares outstanding
- 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
- NOVT has an Altman-Z score of 5.41. This indicates that NOVT is financially healthy and has little risk of bankruptcy at the moment.
- NOVT has a Altman-Z score of 5.41. This is in the better half of the industry: NOVT outperforms 73.60% of its industry peers.
- 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.
- Looking at the Debt to FCF ratio, with a value of 4.43, NOVT is in the better half of the industry, outperforming 64.80% of the companies in the same industry.
- A Debt/Equity ratio of 0.56 indicates that NOVT is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.56, NOVT is doing worse than 75.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 4.43 | ||
| Altman-Z | 5.41 |
ROIC/WACC0.8
WACC9.54%
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 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.
- NOVT's Quick ratio of 1.54 is in line compared to the rest of the industry. NOVT outperforms 46.40% of its industry peers.
| 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%.
- 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.
- The Revenue has been growing slightly by 4.07% in the past year.
- Measured over the past years, NOVT shows a quite strong growth in Revenue. The Revenue has been growing by 8.68% on average per year.
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
- Based on estimates for the next years, NOVT will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.73% on average per year.
- The Revenue is expected to grow by 5.67% on average over the next years.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 42.55, the valuation of NOVT can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as NOVT.
- Compared to an average S&P500 Price/Earnings ratio of 27.54, NOVT is valued quite expensively.
- The Price/Forward Earnings ratio is 35.74, which means the current valuation is very expensive for NOVT.
- NOVT's Price/Forward Earnings is on the same level as the industry average.
- NOVT's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.55 | ||
| Fwd PE | 35.74 |
4.2 Price Multiples
- NOVT's Enterprise Value to EBITDA is on the same level as the industry average.
- 64.00% 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 | 46.44 | ||
| EV/EBITDA | 28.41 |
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.
- NOVT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.27
PEG (5Y)5.71
EPS Next 2Y9.99%
EPS Next 3Y10.73%
5. Dividend
5.1 Amount
- No dividends for NOVT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
133.18
+1.84 (+1.4%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-23 2026-02-23/bmo
Inst Owners102.56%
Inst Owner Change1.82%
Ins Owners1.01%
Ins Owner Change3.5%
Market Cap4.77B
Revenue(TTM)960.31M
Net Income(TTM)52.82M
Analysts80
Price Target158.61 (19.09%)
Short Float %6.74%
Short Ratio3.59
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)0%
PT rev (3m)5.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.32%
EPS NY rev (1m)0%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.55 | ||
| Fwd PE | 35.74 | ||
| P/S | 4.96 | ||
| P/FCF | 46.44 | ||
| P/OCF | 40.79 | ||
| P/B | 5.95 | ||
| P/tB | N/A | ||
| EV/EBITDA | 28.41 |
EPS(TTM)3.13
EY2.35%
EPS(NY)3.73
Fwd EY2.8%
FCF(TTM)2.87
FCFY2.15%
OCF(TTM)3.26
OCFY2.45%
SpS26.84
BVpS22.4
TBVpS-1.1
PEG (NY)5.27
PEG (5Y)5.71
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 | 5.41 |
F-Score5
WACC9.54%
ROIC/WACC0.8
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.
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 42.55 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 8.07% in the next year.