131.1 USD
-3.47 (-2.58%)
131.1 USD
0 (0%)
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 scores excellent on profitability, but 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.
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.
- 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
- NOVT has a Return On Assets of 3.51%. This is in the better half of the industry: NOVT outperforms 62.90% of its industry peers.
- NOVT's Return On Equity of 6.59% is fine compared to the rest of the industry. NOVT outperforms 62.10% of its industry peers.
- The Return On Invested Capital of NOVT (7.59%) is better than 75.00% 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 70.16% 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.
- The Operating Margin of NOVT (12.40%) is better than 79.03% of its industry peers.
- In the last couple of years the Operating Margin of NOVT has grown nicely.
- NOVT has a better Gross Margin (44.80%) than 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 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.
- Compared to 1 year ago, NOVT has more shares outstanding
- NOVT has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, NOVT has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 5.51 indicates that NOVT is not in any danger for bankruptcy at the moment.
- NOVT has a better Altman-Z score (5.51) than 75.00% 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.
- NOVT has a better Debt to FCF ratio (4.43) than 64.52% of its industry peers.
- A Debt/Equity ratio of 0.56 indicates that NOVT is somewhat dependend on debt financing.
- NOVT has a Debt to Equity ratio of 0.56. This is in the lower half of the industry: NOVT underperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 4.43 | ||
| Altman-Z | 5.51 |
ROIC/WACC0.5
WACC15.17%
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 comparable to the rest of the industry.
- NOVT has a Quick Ratio of 1.54. This is a normal value and indicates that NOVT is financially healthy and should not expect problems in meeting its short term obligations.
- NOVT has a Quick ratio of 1.54. This is comparable to the rest of the industry: NOVT outperforms 46.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.51 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 6.10% over the past year.
- The Earnings Per Share has been growing slightly by 7.45% on average over the past years.
- NOVT shows a small growth in Revenue. In the last year, the Revenue has grown by 4.07%.
- 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
- 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.
- 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
- With a Price/Earnings ratio of 41.88, NOVT can be considered very expensive at the moment.
- 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 (26.94), we can say NOVT is valued expensively.
- The Price/Forward Earnings ratio is 35.18, 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 23.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.88 | ||
| Fwd PE | 35.18 |
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.
- Based on the Price/Free Cash Flow ratio, NOVT is valued a bit cheaper than 64.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.71 | ||
| EV/EBITDA | 29.06 |
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)5.19
PEG (5Y)5.62
EPS Next 2Y9.99%
EPS Next 3Y10.73%
5. Dividend
5.1 Amount
- No dividends for NOVT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
131.1
-3.47 (-2.58%)
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 Change3.69%
Ins Owners1.01%
Ins Owner Change3.02%
Market Cap4.69B
Revenue(TTM)960.31M
Net Income(TTM)52.82M
Analysts80
Price Target158.61 (20.98%)
Short Float %7.97%
Short Ratio4.24
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 | 41.88 | ||
| Fwd PE | 35.18 | ||
| P/S | 4.88 | ||
| P/FCF | 45.71 | ||
| P/OCF | 40.16 | ||
| P/B | 5.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 29.06 |
EPS(TTM)3.13
EY2.39%
EPS(NY)3.73
Fwd EY2.84%
FCF(TTM)2.87
FCFY2.19%
OCF(TTM)3.26
OCFY2.49%
SpS26.84
BVpS22.4
TBVpS-1.1
PEG (NY)5.19
PEG (5Y)5.62
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 | 5.51 |
F-Score5
WACC15.17%
ROIC/WACC0.5
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 41.88 and the Price/Book (PB) ratio is 5.85.
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.