NOVANTA INC (NOVT) Fundamental Analysis & Valuation

NASDAQ:NOVT • CA67000B1040

Current stock price

113.15 USD
-5.34 (-4.51%)
At close:
113.15 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.
  • 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

  • NOVT has a better Return On Assets (2.98%) than 62.90% of its industry peers.
  • NOVT has a Return On Equity of 4.10%. This is comparable to the rest of the industry: NOVT outperforms 56.45% of its industry peers.
  • NOVT has a Return On Invested Capital of 5.79%. This is in the better half 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 8.36%.
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.
  • With a decent Operating Margin value of 11.90%, NOVT is doing good in the industry, outperforming 79.03% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NOVT has grown nicely.
  • NOVT has a better Gross Margin (44.39%) than 76.61% of its industry peers.
  • NOVT's Gross Margin has been stable in the last couple of years.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • Compared to 1 year ago, NOVT has less shares outstanding
  • The number of shares outstanding for NOVT has been increased compared to 5 years ago.
  • NOVT has a better debt/assets ratio than last year.
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 6.30 indicates that NOVT is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of NOVT (6.30) is better than 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.
  • With a Debt to FCF ratio value of 5.24, NOVT perfoms like the industry average, outperforming 59.68% of the companies in the same industry.
  • NOVT has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.16, NOVT is in line with its industry, outperforming 44.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 5.24
Altman-Z 6.3
ROIC/WACC0.61
WACC9.56%
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

  • NOVT has a Current Ratio of 3.69. This indicates that NOVT is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.69, NOVT is in the better half of the industry, outperforming 68.55% of the companies in the same industry.
  • NOVT has a Quick Ratio of 2.80. This indicates that NOVT is financially healthy and has no problem in meeting 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

More info and screens

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.
  • NOVT shows a small growth in Revenue. In the last year, the Revenue has grown by 3.30%.
  • 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

  • Based on estimates for the next years, NOVT will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.50% on average per year.
  • Based on estimates for the next years, NOVT will show a small growth in Revenue. The Revenue will grow by 6.67% on average per year.
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

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

2

4. NOVT Valuation Analysis

4.1 Price/Earnings Ratio

  • NOVT is valuated quite expensively with a Price/Earnings ratio of 34.50.
  • 63.71% of the companies in the same industry are more expensive than NOVT, based on the Price/Earnings ratio.
  • NOVT is valuated rather expensively when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 31.13 indicates a quite expensive valuation of NOVT.
  • NOVT's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, NOVT is valued a bit more expensive.
Industry RankSector Rank
PE 34.5
Fwd PE 31.13
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.
  • NOVT's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 83.36
EV/EBITDA 21.89
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.
  • NOVT has a very decent profitability rating, which may justify a higher PE ratio.
  • NOVT's earnings are expected to grow with 12.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.19
PEG (5Y)3.11
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 (3/27/2026, 8:00:01 PM)

After market: 113.15 0 (0%)

113.15

-5.34 (-4.51%)

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 Change-0.19%
Market Cap4.04B
Revenue(TTM)980.60M
Net Income(TTM)53.83M
Analysts80
Price Target162.69 (43.78%)
Short Float %10.09%
Short Ratio7.69
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)-6.43%
EPS NQ rev (3m)-8.09%
EPS NY rev (1m)-1.38%
EPS NY rev (3m)-2.46%
Revenue NQ rev (1m)-50.96%
Revenue NQ rev (3m)-60.99%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 34.5
Fwd PE 31.13
P/S 4.12
P/FCF 83.36
P/OCF 63.03
P/B 3.07
P/tB 8.3
EV/EBITDA 21.89
EPS(TTM)3.28
EY2.9%
EPS(NY)3.63
Fwd EY3.21%
FCF(TTM)1.36
FCFY1.2%
OCF(TTM)1.8
OCFY1.59%
SpS27.48
BVpS36.84
TBVpS13.63
PEG (NY)3.19
PEG (5Y)3.11
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 6.3
F-Score5
WACC9.56%
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 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 34.5 and the Price/Book (PB) ratio is 3.07.


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.